AAFX Trading Review
March 27, 2017: There is a third FPA Traders Court guilty vote against this company. The FPA now considers AAFX Trading to be a scam. The FPA warns traders against doing business with AAFXTrading. If you have money on deposit with this company, the FPA recommends that you try to withdraw it as soon as possible.
The three cases are:
A client reported that he wanted to withdraw his funds, approximately €67,000. He was told to wait. Then is password was changed, locking him of of the account. Large trades were made wiping out the money. AAFXTrading claimed they had an email from him asking for a password change, but also claimed the email address has no headers.
Another client reported that he wanted to withdraw his funds, a deposit of €28,804 and profits of €10,346. He was told he needed to wait more than once. A few hours before he would finally be allowed to withdraw huge trades (195 lots total) were placed and a large spike wiped out his account.
Another client reported that he wanted to withdraw his funds. He had over $62,000 in his account with no trades open. He was given excuses, then his account was locked and there was no further communication from the company.
February 2015-March 2016: Multiple fake and highly suspicious positive reviews submitted.
|Minimum Trade Size:||0.01|
|Minimum to Open Live:||$100|
|Address:||Suite 305, Griffith Corporate Centre, Beachmont, Box 1510 Kingstown, Saint Vincent And Grenadines|
|Regulators:||SVGFSA #22916 IBC|
|Web Trading:||✅ Yes|
|Mobile Trading:||✅ Yes|
|CFD:||(235+) Gold, Silver, Other Precious Metals, Stocks, Oil, Other Commodities|
|News Trading:||✅ Yes|
|Deposit Methods:||Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Bitcoin, FasaPay, Neteller, Skrill, WebMoney|
|Withdrawal Methods:||Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Bitcoin, FasaPay, Neteller, Skrill, WebMoney|
AAFXTrading.com profile provided by AAFXTRADING Support, Jun 15, 2016
AAFXTrading is a forex broker. AAFX Trading offers the MT4 forex trading platform. AAFXTrading.com offers over 40 forex currency pairs, indices, oil, stocks, commodities, gold, silver and other precious metals for your personal investment and trading options.
Quality Customer Support (I forgot to mention that I work for AAFXTrading)
We appreciate your support
AAFX TRADING TEAM
This review came from the same location used by AAFXTrading's representative to submit comments to reviews.
Per FPA policy, the rating on this review has been set to Zero stars.
SCAM! Warning your money!
Wanted to withdraw but got wiped instead with no trades open. Pure Crooks
They will be nice while you grow your account and will swiftly approve and disburse your withdrawals until your account grows big enough, then they pounce.
I had a combined $21k on 2 accounts that were wiped out after I requested a $7550 withdrawal. They said it’s because my trades were placed at invalid prices whatever that meant.
They have refused to talk about it or respond to my messages ever since. These thieves had the gall to want to re-victimize me by requesting that I pay back negative balances incurred on my accounts as a result of their illegal tampering. It was gut wrenching and I hope somebody holds them accountable somehow, someday.
Do not give these goons your money.
Nov 30, 2021 - 1 Star This just happened to me.
My 2 accounts got wiped and are currently negative. Even though I had no trades on, they claimed it was because I had made suspicious trades in that my previous trades were triggered at wrong prices. Of course that makes no sense at all since Traders only trade prices quoted by their Brokers but yeah, that’s what they claimed. I was waiting for a $7550 withdrawal to clear. They canceled it and wiped out a combined $20k plus account balance. They are pure SCAM don’t even bother with them. I just hope someone holds them accountable
$5000 vanished into thin air
Otherwise, no complains from me.
I moved to AAFX Trading
Stole my total account balance
I came here from an affiliate link
I’m a hardcore scalper and this broker more than just suited me in this regard. I traded on their ECN account and it’s greatest advantage is that it comes without commission. None of the brokers I have seen does such a favor. As a rule, ECN accounts come with commission. That’s the price for tight spreads, you know.
However, this ECN account is not a miracle to be honest. The broker put a restriction on it. It’s not allowed to hold a trade for less than 60 seconds. Even if you dare to close it earlier, your profit will be taken by the profit. Perhaps, it’s the liquidity provider’s requirement and the broker has to obey, but I have already adapted to this restriction and it doesn’t prevent me from scalping profitably.
Lack of commissions is another sign that a broker is unlikely to be ECN.
Everyone decides 4 himself
Moreover such brokers compete for every client. So the tech support here always works at 10 out of 10.
U can also use many different payment systems and the trading conditions are much more favorable. As 4 slipage when the market is at its peak all trades in the queue freeze. And here nothing really depends on the broker.
Everyone decides for himself
I have been working with AAFX
Frequently Asked Questions
Is AAFX Trading Regulated?
AAFX Trading does not appear to be registered with any regulator.
Is AAFXTrading a good and legitimate company?
Many FPA members complained about problems with AAFXTrading, and three of them brought FPA Traders Court complaints against the company. All three ended in guilty votes. The FPA now considers AAFXTrading.com to be a scam.
You can see many of the complaint made about AAFXTrading by CLICKING HERE.
The Forex Peace Army recommends against depositing money with AAFX Trading.
Are there any regulatory warnings against AAFX Trading?
AAFX Trading Capital / AAFX Trading Company Ltd has earned an Unlicensed Entity alert from the Hong Kong SFC.