In this AAFX review, we will examine the broker’s credibility, focusing on key factors such as regulation, and user complaints. Is AAFX a trustworthy broker, or is it a scam? Let’s dive into the details.
Basic Details for AAFX
Website: https://www.aafxtrading.com/
Website Availability: YES
Official Address: James Street, First Floor, First St. Vincent Bank Ltd Building, Kingstown, St. Vincent and the Grenadines
Regulation: Unregulated
Warned By:
- Securities Commission (Malaysia),
- National Securities and Stock Market Commission (Ukraine),
- Comisión Nacional del Mercado de Valores (Spain),
- Securities and Futures Commission (Hong Kong)
Domain Status
- Domain Name: aafxtrading.com
- Registry Domain ID: 1894688324_DOMAIN_COM-VRSN
- Registrar WHOIS Server: whois.godaddy.com
- Registrar URL: https://www.godaddy.com
- Updated Date: 2016-11-23T08:22:59Z
- Creation Date: 2015-01-08T01:54:26Z
- Registrar Registration Expiration Date: 2026-01-08T01:54:26Z
What is AAFX?
AAFX Trading is an online brokerage that claims to offer a wide range of financial products, including forex, commodities, indices, and stocks. The organization offers access to over 200 financial assets and prides itself on being a global leader in online trading. AAFX (https://www.aafxtrading.com/) claims to provide competitive spreads, leverage up to 1:2000, and a range of account types to suit the needs of both novice and seasoned traders.
Lack of Regulation and Accountability
One of the biggest concerns surrounding AAFX trading is its lack of regulation. Regulation ensures that brokers operate transparently, follow strict guidelines, and are held accountable for their actions. However, AAFX Trading does not appear to be regulated by any of these top-tier authorities. Many financial authorities, including the Securities Commission (SC), National Securities and Stock Market Commission (NSSMC), Comisión Nacional del Mercado de Valores (CNMV), and Securities and Futures Commission (SHC) issued a warning about this broker.
Warning Signs and User Complaints
Many users have expressed dissatisfaction over how difficult it is to withdraw money from AAFX. The most common complaints are protracted wait times, mysterious rejections, and vague customer service replies.
Account managers who pressurize traders into making higher deposits or taking on riskier transactions have reportedly been assigned to some traders. These account managers seem to lack formal financial training and frequently offer unskilled advice.
Many customers have expressed dissatisfaction with the ineffective customer service, complaining that support agents are unhelpful or that their questions are not answered for extended periods.
Be aware of schemes like Forex Trading Deceptions, Cryptocurrency Cons, Internet Dating Scams or Romance Fraud, Pump and Dump Tactics, Ponzi Schemes, Investment Deceptions, Fake Trading Platforms, Phishing Attacks, Robo-Advisors Deceptions, and Binary Options Deceptions.
If you have already fallen victim to AAFX fraud, take quick steps to recover your money. While the process can be tough, patience and completing the proper steps can improve your chances of receiving your money back from AAFX.
Check more about fraudulent brokers
Visit our Facebook Page
Visit Twitter
Note: The AAFX review is influenced by some existing reviews online and we have created original review based on known facts. We are not responsible for any legal actions taken by any entity favoring AAFX company.