AiFX Markets Review: Is It a Legit Forex Broker or Not?

Is AiFX Markets Legit or Scam?

Absolutely not. AiFX Markets has been exposed as a scam by the Financial Conduct Authority (FCA) in the UK. This is a major red flag and indicates that the company is operating illegally and should be avoided at all costs.

Company Overview

Services or Products

AiFX Markets claims to offer forex trading, but due to their scam status, it’s impossible to verify the legitimacy of these services.

If you have lost money to companies like Infinity-Brokers, or 1OTRC please report it to us on our report a scam form.

Trading Platform & Leverages

The company claims to provide MetaTrader 4 and 5 platforms, but there’s a high chance these are simply unbranded trial versions with limited functionality. Additionally, the advertised high leverage (up to 1:1000) is likely a tactic to lure in unsuspecting traders and should not be trusted.

Spreads and Cost of Trading

AiFX Markets promises tight spreads starting from zero. However, considering their blacklisted status, these claims are most likely fabricated.

License and Regulations

This is where AiFX Markets truly exposes itself as a scam.

Legal Warning Against AiFX Markets

The Financial Conduct Authority FCA has issued a clear warning against AiFX Markets, stating that they are not authorized to operate in the UK and that dealing with them carries significant risks. This includes the inability to recover lost funds and a lack of protection under financial compensation schemes.

Deposit and Withdrawal Methods

AiFX Markets claims to accept various payment methods, including credit cards, e-wallets, and cryptocurrencies. However, there’s no way to verify the legitimacy of these options. Additionally, depositing with cryptocurrencies like Bitcoin makes it nearly impossible to recover funds in case of a scam.

AiFX Markets Pros and Cons

Why Dealing With An Unlicensed Broker Is Risky

Unlicensed brokers like AiFX Markets operate outside the law and pose a significant risk to your funds. Here’s why:

• No Protection: Regulatory bodies like the FCA exist to protect traders. Unlicensed brokers offer no such protection, leaving you vulnerable to fraud and manipulation.
• Unreliable Platforms: Unlicensed brokers often use unbranded or outdated platforms that are prone to malfunctions and manipulation.
• Hidden Fees: Unforeseen and exorbitant fees can quickly eat into your profits, making it difficult to withdraw funds.
• Impossible Withdrawals: Scammers often make it nearly impossible to withdraw your money, leaving you trapped with no recourse.

Client Feedback

There are likely fabricated “positive” reviews online. However, due to the scam status, genuine client feedback is likely negative and highlights issues like withdrawal problems and manipulative tactics.

How Can “ReviewsAdvice” Help You If You Get Scammed?

Unfortunately, recovering funds from a scam is often difficult. However, reporting the incident to relevant financial authorities can help prevent others from falling victim. ReviewsAdvice can help by raising awareness about AiFX Markets’ scam activities.

Also, we can provide you recovery service recommendations, which will help you in recovering the lost funds or you can report to us today by the below form.