BrokersView has reviewed that Aiwa FX is an unregulated broker Aiwa FX marks itself as an accredited and trustworthy broker with more than 25 years' market experience. However, our investigation has revealed a different fact. Despite claiming to be an over 25-year-old market participant, Aiwa FX's domain (aiwafx.com) was registered in May 2022. Aiwa FX fails to disclose anymore regulatory information than the claim that it is "established with multiple regulatory licenses". This can be interpreted as a scam indicator, as legitimate brokers always prominently to display their accreditation and licenses. Additionally, Aiwa FX, in an attempt to appear real, displays two addresses on their webiste, respectively in Dubai and Mauritius. As per local laws, Aiwa FX is required to be regulated by the Dubai Financial Services Authority (DFSA) and the Mauritius Financial Services Commission (Mauritius FSC). However, no corresponding records exist in the registers of the aforementioned authorities, suggesting that Aiwa FX provides financial services or products outside the regulatory framework. In essence, Aiwa FX is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.
Aiwa FX
VisitRisk Level - High
Aiwa FX
Risk Level - High
Scam Evidence & Warnings
Has Aiwa FX got license? Dear Investor, Based on our previous investigations, Aiwa FX previously listed addresses in Mauritius and Dubai but held no valid licenses from the respective regulatory authorities in those jurisdictions, rendering it non-compliant. The broker has since changed its registered address to Saint Lucia. While we have located an entity named Aiwa Capital Limited in the Saint Lucia International Financial Centre (IFC) registry, it is crucial to understand that this registration merely grants International Business Company (IBC) status. An IBC registration does not constitute a valid financial license, and the Saint Lucia IFC neither regulates nor authorizes forex trading activities. Consequently, Aiwa FX appears to have never obtained genuine authorization or a valid broker's license from any recognized financial authority. Given this complete lack of regulatory oversight and the high risk of fraud, we strongly advise you to avoid investing with this broker to protect your capital. View Source
A friend of mine talked about this broker, did anyone trade with them before?? Aiwa FX is an unlicensed broker that we advise against trading with, despite the seemingly attractive deals it offers.Aiwa FX marks itself as an "accredited and trustworthy broker with more than 25 years' market experience". However, our investigation has uncovered a completely different truth.Despite claiming to be an over 25-year-old market participant, Aiwa FX's domain (aiwafx.com) was first registered in May 2022. This raises suspicions about the company's credibility. Aiwa FX fails to disclose any regulatory information beyond the vague claim that it is "established with multiple regulatory licenses". This lack of transparency can be interpreted as a scam indicator, as legitimate brokers always prominently to display their accreditation and licenses.Additionally, Aiwa FX, in an attempt to appear real, displays two addresses on their webiste, respectively in Dubai and Mauritius. As per local laws, Aiwa FX is required to be regulated by the Dubai Financial Services Authority (DFSA) and the Mauritius Financial Services Commission (Mauritius FSC). However, no corresponding records exist in the registers of the aforementioned authorities, suggesting that Aiwa FX provides financial services or products outside the regulatory framework.Regarding your question, our advice is not to deal with Aiwa FX because it is an unlicensed broker. This is a trading platform not subject to any regulations, thus carrying significant risks such as financial losses and identity theft. Once your money and personal information are held by the broker, there are no rules in place to safeguard them. Therefore, we strongly suggest investors stay away from unlicensed brokers like Aiwa FX and instead choose a fully regulated one to mitigate such risks. View Source
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