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

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

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.

Do they allow scalping and hedging? 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. View Source

What's happened to AAFX Trading? Why I can't withdraw now. 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. View Source