Downloads

AAAFx Review (2022) Is it a Scam or Legit Forex Broker ☑️


Is AAAFx a scam or legit broker?

AAAFx is a 100% fraud. The vast number of the complaints from the traders in regards to the performed operation disappoints, which share some of the “broker tricks” while trading, as well as numerous operational,  misleads along to the misleading information at the official source.

About AAAFx
🗺️ Registered in Greece
🗺️ Type of License EU authorized
🛡️ Is AAAFx safe to trade No
🗺️ Recommended Licenses FCA in UK 🇬🇧 & ASIC in Australia 🇦🇺
🖥 Alternative Broker FP Markets – licensed by ASIC in Australia

AAAFx is an online Forex broker with its headquarters in Athens that claims to be regulated in Europe and offers an exceptional trading experience with outstanding customer support.

The wide offering covers the high level of leverage, constantly updated offering of trading instruments with recently included Bitcoin and with possibilities to auto trade or use industry-leading MetaTrader4.

Besides, the broker offers Binary Options, which is considered one of the most risky offerings and is restricted in many jurisdictions. Binary options can put your capital at the highest risk.

However, not everything seems to be not that good as it said within the brokers’ operation.

Moreover, it is not clear enough how exactly the company is regulated, since the authorization is received from the local bank, thus which kind of rules they do comply with and if in general their services are supervised. 

In addition, one of the industry-leading regulators of the Forex industry CySEC (Cyprus) published a warning statement although that the firm is regulated by another jurisdiction and thus are not authorized to provide its services.

Conclusion

Overall, since trading involves significant risks we hardly advise to all traders notwithstanding their expertise level, we do advise to select broker carefully from the list of the regulated brokers.

The strictest authorities alike ASIC (Australia) or FCA  (UK), as well other respected organization require strong implementation of the customer protection and standardizes the performance, thus the clients will trade under the safety with the most possible level of protection.

Have you been scammed by fraud and fake company?