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AAFX Trading

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1.4
(21 Reviews)

Founded: 2010 Min Deposit: 100 USD

Headquarters: Saint Vincent and the Grenadines Max Lev: 1 : 2000

Risk Level I

Only registered at SVG FSA; Red-flagged by the HKSFC, CFTC, CNMV, Japan FSA, and Malaysia SC for lacking licenses.

Score
Business Scope
0.0
Trading Cost
1.1
Trading Platforms
1.3
Support
1.3
Licence Status
SVG FSA 22916
Registered
Contact
+61(28) 00 350 80
support@aafxtrading.com
http://www.aafxtrading.com
Broker News Account & Cost Deposit & Withdrawal Company & Service Related Complaints Reviews

Broker News

Exposing the Fraudulence of AAFX Trading and Related Regulatory Issues 2023-09-29
This article exposes the fraudulence of AAFX Trading and its regulatory issues.
Scam Alert! Beware of the Unlicensed Broker AAFX Trading 2021-08-12
There are several ways that investors are entrapped by Forex scammers. The most common one is that scammers induce investors with fast deposit/withdraw and claim to be regulated. But after victims make some deposits and start to trade, they will encounter many bad situations, such as unable to withdrawal. BrokersView recently learned that the forex broker AAFX Trading has been one of the above scam brokers.

Deposit and Withdrawal

1.1

Score

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Company and Service

--

Score

Profile
Headquarters Address
C/o Suite 305, Griffith Corporate Centre, Beachmont, Box 1510 Kingstown, St. Vincent and the Grenadines
Founded 2010
Broker Type
ECN
Time Zone GMT+3
Credit Profile No information
Trading Platforms
MT4
Windows,  iOS,  Android,  Webtrader
MT5
Mac,  Windows,  iOS,  Android,  Webtrader
Contact
No Data
Others
Website Language
English
Customer Service By
Phone,  Email,  Live Chat,  CallBack,  Facebook,  Twitter,  Skype
Supported Language
English

Related Complaints

Q&A

What's happened to AAFX Trading? Why I can't withdraw now.

Mikel Adini Tov
Greenland
2022-08-02
ANSWER AAFX Trading is not a licensed or regulated broker even though it states offers that look good to be true. AAFX Trading claims to be operated and owned by AAFXTRADING COMPANY LTD, an entity registered with Saint Vincent and the Grenadines Financial Services Authority (SVG FSA) under the registration number 22916 IBC. Nevertheless, SVG FSA does neither issue any licenses for forex trading or brokerage nor regulate or license international companies engaging in such activities.What's more, AAFX Trading has been warned by two authorities for carrying out financial services unlawfully, including the Hong Kong Securities And Futures Commission (HK SFC), the US Commodity Futures Trading Commission (CFTC). You can check full warnings from SFC and CFTC.The truth is, AAFX Trading is not overseen by any regulators. That means your personal data or your funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like AAFX Trading and trade with licensed brokers.
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What are the best features of AAFX as an online forex broker that everyone should know?

Masa
Chile
2022-05-13
ANSWER AAFX Trading is an unlicensed broker and should be avoided at all evnets. AAFX Trading claims to be operated and owned by AAFXTRADING COMPANY LTD, a registered entity with SVG FSA under the registration number 22916 IBC. Nevertheless, the SVG FSA does not issue any licenses for forex trading or brokerage nor does it regulate or license international companies engaging in such activities. Therefore, we highly recommend exercising caution when dealing with brokers claiming to be registered in or regulated by SVG FSA as they are actually unregulated.What's worse, AAFX Trading has been warned by three regulators for carrying out financial services unlawfully, including the Hong Kong Securities And Futures Commission (SFC) on 29 Mar 2017, the US Commodity Futures Trading Commission (CFTC) on 25 Apr 2017, and Japanese Ministry of Finance. As per the evidences above, our verdict is that AAFX Trading is thoroughly a scam on account of running its business without any relevant license approved by a reputable regulator. Therefore, we would recommend traders stay away from this broker and trade with licensed brokers.
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Overall Score

1.4
21 Reviews

Cost 1.1

Platforms 1.3

Deposit & Withdrawal 1.1

Customer Support 1.3

Indicates the average level of Brokers

Keywords for selection

21 Reviews Clear filter

Sort by
Anatole A.
7-12 months VIP ACCOUNT France
I preferred the VIP account. Since thinking about trading I had some difficulties in choosing a broker. But finally, I found the account offered by this broker. I have been using this broker for a long time. Swap-free and leverage up to 1:2000 is a perfect proposal for me.
2024-03-01
Reply
Julius Fuchs
0-6 months ECN ACCOUNT Germany
I have been using this broker, and my general impression is good. I chose their ECN account. Because I didn't have yet experience in forex. Let's speak about their ECN account type. Why I chose that one? Spread on all majors is 0.6pips. That is why I chose aafx.
2024-02-29
Reply
Truman Wolfe
7-12 months FIXED ACCOUNT United Kingdom
While using this platform, I realize my strategies. there are zero comission rates, low spreads, with no hidden costs. But the interface can be better, it requires some improvements. I felt their professionalism!
2024-02-28
Reply
Troy Fisher
To write tha CFTC has AAFX in its red list is kinda meaningless. You can add every forex broker by this measurement. Just because CFTC doesn’t allow any brokerage company to work in the US.
2023-11-10
Reply
Xolani Shongwe
I don't know what this list says as I'm not very well versed in all sorts of regulations and such. For all I know, it can be complicated.As for my trading experience, I have not had any problems. Everything works quite stably.
2023-11-08
Reply
Mohd
Can't understand why the broker is accused of violating certain rules. It's been supervised by a robust regulatory body and incorporated in several countries.In my opinion, such superficial accusations shouldn't taken too close to the heart, or at least, it's better double check any information coming from various resources. It's a good ability to know how to separate the wheat from the chaff.
2023-11-05
1
Reply
Vikash Al Dairi
Spreads can widen significantly during news releases on AAFX Trading, impacting trade execution and profitability.
2023-09-15
1
Reply
Alexandra Ershova
I've experienced frequent technical glitches on AAFX's platform, causing delays and frustration during trades.
2023-09-15
Reply
Kristiyan Hadar
Their trading condition shocked me. If you choose them, you will have to get started with at least 500 dollars and trade with wide spreads as 2.3 pips. Seriously, it's really hard to make money with such high trading fees.
2023-09-12
Reply
Jose Javier Moh
Customer support can be slow to respond at times, leaving me hanging when I needed urgent assistance.
2023-09-12
Reply

1-10 of 21 comments

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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

Disclaimer:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.