AAFXTrading is a brokerage firm offering trading services in forex, precious metals, energy, commodities, stocks, and indices for investors. The official website is https://www.aafxtrading.com/, and it supports multiple languages including Chinese (Simplified), English, Russian, Spanish, Portuguese, Turkish, Japanese, Korean, Arabic, Malay, Thai, Indonesian, Vietnamese, etc. According to the Whois query, the domain name was registered on January 8, 2015, indicating over eight years of existence.
Company Background:
The official website states that the company is registered in Saint Vincent and the Grenadines. However, the Financial Services Authority of Saint Vincent and the Grenadines (SVFSA) website does not show any registration information related to the company. Additionally, according to the Whois query, the domain was registered on January 8, 2015, suggesting over eight years of operation.
Account Registration:
AAFXTrading's website provides registration links for both real and demo accounts. For a real account, users can click on "Open Live Account" in the upper right corner, fill in required information such as account type (individual/company), name, email, password, address, country, and phone, to complete the registration. The demo account registration involves clicking on "Open Demo Account" on the left side and providing similar information. The account registration page only supports English.
Trading Products:
The company provides trading services in forex, precious metals, energy, commodities, stocks, and indices. The website explicitly lists covered trading products in these categories, along with key information such as spreads, minimum trade units, and maximum margin ratios for different account types.
Trading Products:
The company provides trading services in forex, precious metals, energy, commodities, stocks, and indices. The website explicitly lists covered trading products in these categories, along with key information such as spreads, minimum trade units, and maximum margin ratios for different account types.
Margin Ratios:
AAFXTrading provides information on the maximum margin ratios for forex, precious metals, energy, commodities, stocks, and indices. However, specific margin ratios for individual trading products are not provided on the website.
Trading Time:
The website does not provide information on the trading hours for specific trading products.
Deposits and Withdrawals:
AAFXTrading supports various deposit and withdrawal methods, including Neteller, Sticpay, Skrill, Fasapay, WebMoney, in AUD, USD, GBP, EUR. The website provides information on fees and processing times for different deposit and withdrawal methods.
Trading Software:
AAFXTrading offers MetaTrader 4 (MT4) and MetaTrader 5 (MT5) as trading software. These platforms are available in desktop versions for Windows/MacOS, a web version, and mobile versions for IOS/Android. However, there may be issues with downloading the Android versions in some countries or regions.
Education and Tools:
The company provides training videos and e-books on financial market-related knowledge for investors. Additionally, AAFXTrading offers currency converters, margin calculators, Fibonacci (technical indicator) calculators, and economic calendars as tools to assist investors in participating in the financial markets.
Regulatory Information:
AAFXTrading's official website does not provide any regulatory or authorization information. It states that the company is registered with the Financial Services Authority of Saint Vincent and the Grenadines (SVGFSA), which, according to the website, does not regulate, monitor, supervise, or license business companies (BC) engaged in forex trading or brokerage activities.
Conclusion:
AAFXTrading is suspected of fraud. While the official website provides detailed information on trading products, deposits and withdrawals, and trading software, the registration information claimed on the SVFSA website cannot be verified. Additionally, the SVFSA does not regulate forex trading or brokerage business companies (BC). Based on this assessment, AAFXTrading is suspected of fraud, and investors are advised to exercise caution when considering the services of this company. TraderKnows reminds you to be vigilant about the security of your assets and to avoid falling into scam traps.
