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.
©2018-2022 BrokersView Ltd. All Rights Reserved.
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.
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.