Can we call AAFXTrading a scam?

Online money investing is becoming more and more popular within days. And it’s the exciting way for traders to generate the real streams of income. There is a number of advantages with forex trading that make it an attractive market even for the beginners. Before you start investing your money using some trading platform, it’s essential to understand this area. It is important to realize whether that trading broker is not a scam and your investment is secure.

Keeping yourself from committing hasty steps is the main thing because there is an enormous opportunity to lose. We will help you to figure it out in our article.

What about facts?

AAFX Trading is an established Forex Broker trading platform founded in 2004. It was registered in St.Vincent & the Grenadines. You may visit their official website to look at the “benefits” they suggest This trading company provides a lot of market opportunities, such as CFD trading on various popular Trading platforms and Foreign exchange. Allegedly it provides two trading platforms – the VertexFX and MT4. It offers you various metals and raw materials, also a huge amount of currency pairs to choose from and to trade.

Looks good. If you agree, we will disappoint you. Unfortunately, Forex & CFD provider has a lot of disadvantages.

Secure or not?

As for their regulation, they don’t have one. They have offices in Saint Vincent and the Grenadines, Malaysia and in Hongkong. If you are a newcomer, you do not realize what that means. And that means they can trick you and take your money, and legislation of these countries allows them to do this and get away with it. Such offshore companies registered in these countries often becomes scams.

Investing in such market brokers is not secure, because this trading broker is not reliable. Three years ago, the company was engaged in fraudulent. On the Internet, there was an outbreak of suspicious positive and fake reviews. Also in 2017 Traders Court guilty votes against this company. They recommended staying away from this broker because the considered AAFXTrading to be a scam. FPA advised all traders to pick up their money as quickly as possible.

Other disadvantages

Minimum deposit is $100, what is not a bad thing because it’s the average index for the too suspicious trading broker. As regard to the trading platform, it supports two, as they say, but you can have to use just MT4 because Vertex was abandoned. So there is no choice of platforms. It does not support MT5 and mobile trading. Also, we can underline such disadvantages as the impossibility to start PAMM account and absence of trading signals. The main point is investing only in reliable brokers and don’t let them cheat you.

Draw conclusions

In conclusion, we can highlight such cons as light regulation, the absence of a choice of trading platform constantly complains of traders using this platform for support service and distrust of world financial organizations.

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