AiFX Markets Review – Main Reasons To Avoid Unregulated Brokers

The first thing you notice is that the company doesn’t reveal ownership information. Not even in their Terms and Conditions documents. That’s already a bad start for a broker registered in Switzerland. Or is it?

In any case, the company offers too many things that don’t add up. But to learn how to recognize those read this unbiased AiFX Markets review.

Legal Info: Is AiFX Markets Legit Or A Scam?

AiFX Markets broker should have in the first place license from FINMA. But searching for this broker in their registers didn’t bring any results. The hope is almost lost, but we continued searching in other registers, such as FCA, BaFin and ASIC, since those are the most reliable ones in the world. 

Unfortunately, the results were the same and the faith of this scam broker is sealed. After this, you know that none of the fund’s protection measures are realistic.

Who Are AiFX Markets’s Clients?

As expected, AiFXMarkets only exists for a couple of months. According to who.is, since February 2023. Therefore, it’s not strange that they don’t have many reviews. But it’s just a matter of time before they will pop up. But also warnings from regulators.

Investment Costs With AiFX Markets

The reason why this broker will be exposed is non-transparent and risky conditions. For a broker in Europe, they have quite a high leverage offered. For instance, the European Securities and Markets Authority (ESMA) allows brokers only to provide 1:30. In fact, same as any other trusted regulator in Europe. Yet, the broker offers up to 1:500.

Even though spreads are low and start from 1.5 pips, that’s not necessarily what you get. Besides that, none of the other costs are revealed.

Bonuses

On top of all, the company offers a welcome bonus of up to 100%. Yet, bonuses in Europe are forbidden due to shady requirements coming with it. But this broker didn’t even bother sharing any.

AiFX Markets Trading Features

The company claims to offer an award-winning platform. Sadly, the features are a complete shame for the broker. Not to mention it can’t be compared with industry-leading technology, such as cTrader or MetaTrader. 

On top of all, the platform with AiFX Markets scam broker is web-based. Therefore, expect manipulations.

Is AiFX Markets Legit?

AiFX Markets is all but not legit. They are not transparent about many things. But in the first place, the company is not regulated. Therefore, potentially not even registered in Switzerland. Keep your money safe by reading our Binatex review.

Available Trading Assets

Important to note that the company doesn’t offer stock trading. Instead, you have other 4 volatile and riskier categories. Such as: 

• Forex – USD/NOK, AUD/SEK
• Commodities – gold, silver
• Indices – FTSE100, S&P500
• Cryptos – BTC, XRM, ADA

Account Types

AiFX Markets broker has 4 different account types. Of course, you get more sessions with their fictive and unlicensed analysts. But also, lower spreads, higher leverage and higher bonus. The choices are: 

• Standard – $250
• Silver – $10.000
• Gold – $50.000
• VIP – $250.000

Mobile Trading App

With a poorly designed website and a lack of many options, the mobile app is science fiction. Especially if the broker is using a web trader. Besides of the limited functionalities, the broker is losing on the execution speed.

Demo Account

In general, demo accounts are a great option to test the platform and its features. On the positive side, this broker presents you with the trading room. Yet, you don’t get virtual funds for trading, which is a huge downside considering their unknown trading costs.

Education

As for the educational part, you can only get sessions with your analysts. But only after you deposit $50.000. Before that, you are worthless to this broker.

AiFX Markets Withdrawal

Another key warning sign about AiFX Markets scam broker is its withdrawal policy. Or if you like, the lack of it. Even though they claim to use Visa and Mastercards, most likely they lean towards untraceable funding options, like crypto or wire transfers.

Of course, the account must be verified for a withdrawal. But that’s where they can wiggle and extend withdrawal processing time, which is not specified. Same as withdrawal fees. So, you can expect a variety of problems. But to learn how to recognize issues, check our EuroPrime review as well.

Customer Support

As for the contact options, the company provides e-mail and phone. Also, there is a web form for any questions. 

Note that the working hours are not revealed. Ultimately, without regulations, they can ignore your request completely. Especially if that’s withdrawal-related.

Key Information To Consider About AiFX Markets?

Primarily, the broker is not licensed or registered anywhere. Moreover, they don’t offer trading conditions according to any guidelines or regulations. Not to mention non-existent withdrawal or bonus policies. Another key fact is their unreliable and untested trading software. All in all, everything leads to the same thing – ripping you off.

To avoid that, we hope you learned all these signs. But if you already got scammed by this or any other broker, you can still apply for refund options. Especially chargeback in the first 540 days of the transaction. Don’t let these swindlers get away with your money. Contact us today and book your first free consultation now!

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