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AAFX Trading

Operating status: Unregulated
Website: http://www.aafxtrading.com
High-Risk Active
Broker violations and abnormal records
  • 2022-04-20 Hong Kong SFC added AAFX Trading into its alert list

    On 29 Mar 2017,  the Hong Kong Securities And Futures Commission (SFC) warned the public that this firm is an unauthorized entity:https://www.sfc.hk/en/alert-list/1853

    On 29 Mar 2017,  the Hong Kong Securities And Futures Commission (SFC) warned the public that this firm is an unauthorized entity:https://www.sfc.hk/en/alert-list/1853

  • 2022-04-20 The US CFTC added AAFX Trading into its red list

    On 25 Apr 2017, the US Commodity Futures Trading Commission (CFTC) warned the public that  this entity is acting in a capacity that appears to require registration, but it is not registered with the CFTC. You may visit:https://www.cftc.gov/node/220641

    On 25 Apr 2017, the US Commodity Futures Trading Commission (CFTC) warned the public that  this entity is acting in a capacity that appears to require registration, but it is not registered with the CFTC. You may visit:https://www.cftc.gov/node/220641

  • 2022-04-20 BrokersView has reviewed that AAFX Trading is an unregulated forex broker

    AAFX Trading claims to be operated and owned by AAFXTRADING COMPANY LTD, a registered entity with SVG FSA under the registration number 22916 IBC. Nevertheless, SVG FSA does not issue any licenses for forex trading or brokerage nor does it regulate or license international companies engaging in such activities.

    What's more, AAFX Trading has been warned by two authorities for carrying out financial services unlawfully, including the Hong Kong Securities And Futures Commission (SFC), the US Commodity Futures Trading Commission (CFTC).

    In short, AAFX Trading is not overseen by any financial regulators. That means investors' funds in this broker are unsafe and cannot be protected by any laws. Therefore, it is a scam broker.

    AAFX Trading claims to be operated and owned by AAFXTRADING COMPANY LTD, a registered entity with SVG FSA under the registration number 22916 IBC. Nevertheless, SVG FSA does not issue any licenses for forex trading or brokerage nor does it regulate or license international companies engaging in such activities.

    What's more, AAFX Trading has been warned by two authorities for carrying out financial services unlawfully, including the Hong Kong Securities And Futures Commission (SFC), the US Commodity Futures Trading Commission (CFTC).

    In short, AAFX Trading is not overseen by any financial regulators. That means investors' funds in this broker are unsafe and cannot be protected by any laws. Therefore, it is a scam broker.

Related Complaints

Q&A

Do they allow scalping and hedging?

Hidayat Gharu
Indonesia
2025-10-10
ANSWER Dear Investor, We do not recommend AAFX Trading as your broker because it does not hold a valid financial licence. AAFX Trading claims to operate under the name AAFX Trading Company LTD, which is regulated by the Financial Services Authority (FSA) of Saint Vincent and the Grenadines. While we can confirm that a matching company exists in the SVG FSA registry, this only grants International Business Company (IBC) status. This does not constitute a valid financial licence. The SVG FSA has clearly stated that it does not regulate or licence forex brokers. In essence, AAFX Trading is unlicensed by any recognised financial authority. Claiming to operate under the regulatory framework of Saint Vincent and the Grenadines is therefore misleading and fraudulent. This is a major red flag indicating a fraudulent operation. Moreover, AAFX Trading has been listed on the warning lists by Hong Kong's Securities and Futures Commission (SFC) and the U.S. Commodity Futures Trading Commission (CFTC), indicating that it is offering financial services and accepting funds from investors within these jurisdictions without proper authorization or registration. This also suggests that the platform is highly likely engaged in illegal activities and operates as a fraudulent broker. We therefore strongly advise you to avoid trading with this broker in order to protect your funds.
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What's happened to AAFX Trading? Why I can't withdraw now.

Mikel Adini Tov
Greenland
2022-08-02
ANSWER AAFX Trading is not a licensed or regulated broker even though it states offers that look good to be true. AAFX Trading claims to be operated and owned by AAFXTRADING COMPANY LTD, an entity registered with Saint Vincent and the Grenadines Financial Services Authority (SVG FSA) under the registration number 22916 IBC. Nevertheless, SVG FSA does neither issue any licenses for forex trading or brokerage nor regulate or license international companies engaging in such activities.What's more, AAFX Trading has been warned by two authorities for carrying out financial services unlawfully, including the Hong Kong Securities And Futures Commission (HK SFC), the US Commodity Futures Trading Commission (CFTC). You can check full warnings from SFC and CFTC.The truth is, AAFX Trading is not overseen by any regulators. That means your personal data or your funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like AAFX Trading and trade with licensed brokers.
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21 comments

Anatole A.
I preferred the VIP account. Since thinking about trading I had some difficulties in choosing a broker. But finally, I found the account offered by this broker. I have been using this broker for a long time. Swap-free and leverage up to 1:2000 is a perfect proposal for me.
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2024-03-01
Reply
Julius Fuchs
I have been using this broker, and my general impression is good. I chose their ECN account. Because I didn't have yet experience in forex. Let's speak about their ECN account type. Why I chose that one? Spread on all majors is 0.6pips. That is why I chose aafx.
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2024-02-29
Reply
Truman Wolfe
While using this platform, I realize my strategies. there are zero comission rates, low spreads, with no hidden costs. But the interface can be better, it requires some improvements. I felt their professionalism!
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2024-02-28
Reply
Troy Fisher
To write tha CFTC has AAFX in its red list is kinda meaningless. You can add every forex broker by this measurement. Just because CFTC doesn’t allow any brokerage company to work in the US.
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2023-11-10
Reply
Xolani Shongwe
I don't know what this list says as I'm not very well versed in all sorts of regulations and such. For all I know, it can be complicated.As for my trading experience, I have not had any problems. Everything works quite stably.
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2023-11-08
Reply
Mohd
Can't understand why the broker is accused of violating certain rules. It's been supervised by a robust regulatory body and incorporated in several countries.In my opinion, such superficial accusations shouldn't taken too close to the heart, or at least, it's better double check any information coming from various resources. It's a good ability to know how to separate the wheat from the chaff.
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2023-11-05
1
Reply
Vikash Al Dairi
Spreads can widen significantly during news releases on AAFX Trading, impacting trade execution and profitability.
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2023-09-15
1
Reply
Alexandra Ershova
I've experienced frequent technical glitches on AAFX's platform, causing delays and frustration during trades.
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2023-09-15
Reply
Kristiyan Hadar
Their trading condition shocked me. If you choose them, you will have to get started with at least 500 dollars and trade with wide spreads as 2.3 pips. Seriously, it's really hard to make money with such high trading fees.
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2023-09-12
Reply
Jose Javier Moh
Customer support can be slow to respond at times, leaving me hanging when I needed urgent assistance.
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2023-09-12
Reply

1-10 of 21 comments

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Risk Warning

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

Disclaimer

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.