| Regulated by: FSA – St Vincent and the Grenadines |
| Headquarters Country: Saint Vincent and the Grenadines |
| Foundation year: 2014 |
| Supported Platforms: MT4, MT5 |
Since there are many options for trading at the moment, we decided to do a couple of reviews, to make sure that our readers are in a good place. Now, in this particular article, we tried to answer the main questions about the AAFX Trading broker. Read our updated AAFX Trading review and see if this is the broker for you.
Regulation and Security
AAFX Trading is a broker owned by AAFXTrading Company LTD, based in Saint Vincent and the Grenadines. This broker has a license by FSASVG, which a lot of people are mistaking for Japans’ FSA. They also claim to have an office in Malaysia under the name AA business solution SDN BHD, which exists as a fictive company in the Malaysian data register, with no valid address or phone number. Also, they stated on the website that they have an office in Hong Kong under the name AAFX Trading Capital, which SFC listed as unregulated. Because of all this, we consider AAFX broker untrusted.
AAFX Trading Warnings
Because of AAFX Trading’s illegal activities, some of the regulatory bodies issued warnings against this broker. For example, the regulatory body of Hong Kong SFC listed this broker as unregulated and fraudulent. They stated that the company does not have an office in their region and is scamming people from Asia.
We found a warning from the US CFTC also saying that AAFX Trading is not a legit broker, and warning US citizens not to trade with it. CFTC put this broker on their red list.
The company is also on Japan’s blacklist.
In which countries does this broker work?
AAFX broker is operating in all the countries with no restrictions. They do not have regulations for many regions, which is why there are many warnings against them. An offshore regulation does not allow them to operate on the soil of any country if they do not comply with the regulations of the country. Seems that this company does not pay much attention to it, however. If you get an offer from AAFX, we strongly advise you to decline it.
What can you trade with an AAFX broker?
This broker offers its clients trading with currencies (62 pairs), commodities, shares, indicies, and cryptos. Clients can trade on MT4 and MT5 trading platforms. AAFX broker offers rather high leverage that goes up to 1:2000. The bigger account you have, the less leverage they provide. So, up to $20k you can get 1:2000, and after that leverage drops up to 1:500.
The minimum deposit a client can make is 100 USD/EUR. The deposit can be done via debit/credit card and E-wallet. The company is providing certain bonuses for deposits.
Withdrawals can be done the same way the client deposited, and the minimum withdrawal is also 100 USD/EUR.
AAFX broker is offering a Live account, Demo account, and Swap-free Islamic account.
Scammed by AAFX Trading? What to do?
Everyone can make a mistake. If you were involved with this broker, and cannot get your money back, we can help you. This type of offshore brokers usually think they are safe and do not need to abide by any laws. If you had issues with this broker, get to us immediately, request a chargeback before it’s too late!
Is AAFX a good broker?
AAFX Trading is an offshore broker with many warnings against them. Based on that, we can say that the broker is not safe.
Is AAFX Trading regulated?
Yes, this broker does have an offshore regulation from FSA St Vincent and the Grenadines. However, this regulation is very weak, and we do not recommend trading with such a broker.