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 inGreece
🗺️ Type of LicenseEU authorized
🛡️ Is AAAFx safe to tradeNo
🗺️ Recommended LicensesFCA in UK 🇬🇧 & ASIC in Australia 🇦🇺
🖥 Alternative BrokerFP 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 autotrade or use industry leading MetaTrader4.

Yet, there is a highly risky offering to trade as well which represents Binary Options that are restricted in many jurisdictions since put capital at highest risk.

AAAFx Review

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 Forex industry CySEC (Cyprus) published a warning statement although that the firm is regulated by another jurisdiction 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.

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