AAFX Trading – Is AAFX Trading a Scam?
AAFX Trading is a scam. The company uses proprietary platforms and charges inactivity fees. Moreover, it has a no-withdrawal policy. So, if you want to make money on the internet, you should stay away from it. However, it is essential to know about the firm before investing.
AAFX Trading is a scam
AAFX Trading is a broker that promises unrealistic results. The company does not disclose its regulatory license or address. The company claims to be regulated by the FSA, but it has no office in the United Kingdom. It also does not give any location data. This makes it difficult to verify the legitimacy of the company.
There are some common signs of a scam broker, one of which is the lack of customer service. For example, this company claims to have a fast withdrawal process, but traders should know that the process can take a week or more. This is a red flag that should scare traders away from AAFX Trading.
It uses proprietary platforms.
There are several concerns surrounding the AAFX scam. First, this company claims to use proprietary platforms and services but does not. The brokerage platform is not compatible with indicators or advisors. You will need to pay for translation at your own expense. This is a sign that the company is a scam.
There are many risks associated with working with unregulated brokers. While there are legitimate brokers, AAFX is not one of them. This company hides most of its trading conditions, which should raise red flags for any investor.
It charges inactivity fees.
There are a few key things you should look for when choosing a trading company. The first is the number of inactivity fees that a company charges. Inactivity fees are often a red flag, whether it’s a hundred dollars or more. Scam brokers charge excessive fees for inactivity, which is the last thing you want.
It has a no-withdrawal policy.
One way to avoid falling victim to the Aafx scam is to don’t withdraw your funds! Unfortunately, several non-withdrawal brokers operate with excuses that they use to make themselves look legitimate. This is another sign of a scam broker, and we recommend you avoid it at all costs.
AAFX Trading has four types of bonuses. First, you can get 25% of your deposit back if you deposit between USD 500 and USD 1000. Then, you can get a bonus of 30% or more if you deposit more.
It accepts US citizens.
Unlike most Forex brokers, AAFX does not require a license from the US government to accept US citizens as clients. As a result, you can trade with a 1:2000 leverage and swap-free account. Moreover, you do not have to pay commissions or spreads to open an account. This broker also allows you to use scalping and hedging techniques.
AAFX is also known for rewarding its clients. It offers a free smartphone to both existing and new clients. This is conditioned on the amount deposited and the number of lots traded. Another big plus is that it accepts US citizens.
It offers a VIP account.
AAFX trading is a binary options broker claiming to offer clients VIP accounts. The account costs $100 and has a few perks that you may want. VIP members can enjoy tighter spreads, zero commission, swap-free accounts, daily market updates, and higher leverage. However, there are concerns surrounding the company.
If you are an experienced trader, you can quickly transfer money to your AAFX account. In addition, you can get a 35% bonus on your first deposit. And that bonus will come back as returns, which you can use to supplement your regular profit.