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Abstract: In this article, WikiFX made a comprehensive review of a broker named AAFX to help you better understand the truth, we will analyze the reliability of this broker from specific information, regulation, exposure, etc.
About AAFX
Founded in 2010, AAFX is a Saint Vincent and the Grenadines-based broker offering traders a large range of market instruments, such as forex trading, precious metals, energies, equity indices, etc.
Is it Legit?
According to what we know so far, this broker is unfortunately unregulated. Investing in an unregulated broker is risky to your fund safety. We advise you to do more research and make yourself comfortable before progressing.
Exposure
Within three months, WikiFX has received 3 exposures against AAFX.
Traders who are not unsatisfied with this broker think this broker is a scam.
Trading Platform
AAFX provides its clients with the widely recognized and acclaimed MT4 trading platform, known for its exceptional performance. This platform offers traders a comprehensive set of charting tools, advanced technical indicators, and customizable features, empowering them to tailor their trading experience to their specific requirements.
Account Types & Minimum Deposit
There are two types of forex trading accounts offered by AAFX Trading that is Fixed Accounts, ECN Accounts, and VIP Accounts.
Conclusion
AAFX is an unregulated broker with a bad reputation. Traders need to think twice before investing in this broker. If you want to know more information about the reliability of certain brokers, you can open our website (https://www.WikiFX.com/en). Or you can download the WikiFX APP to find the most trusted broker for yourself.
The WikiFX score of a broker can be increased or decreased if the broker is constantly running the business in a good or bad direction. Before deciding to invest in this broker, make sure to open WikiFX and check the latest updates about this broker, so you may not regret every step you make.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
On 21 January, 2025, the Financial Conduct Authority (FCA), the UK's primary financial regulator, expanded its warning list to include 10 additional unregulated forex brokers. The FCA warning lists, updated on a daily basis, remain an important tool intended not only to protect consumers but also to alert the financial services industry. When an FCA warning emerges, it signals red flags like unsolicited investment pitches, promises of unrealistic returns, or pressure tactics. The addition of these 10 new entities comes amid growing concerns over the rise of unauthorized forex trading platforms, particularly those operating through overly complex online interfaces yet riddled with bugs and aggressive social media marketing campaigns. Let's catch a glimpse of those on the list.
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