Air Fx Reviews: Is this site a scam or Reliable?

Is Air FX Legit or Scam?

Air Fx raises a lot of red flags, making it difficult to consider them a legitimate broker. The biggest concern is their lack of regulation, which puts traders at a significant disadvantage.

This article will delve deeper into Air FX’s offerings and unveil the potential risks involved in trading with them.

Company Overview

Services or Products

Air Fx offers trading in various financial instruments, including:

• Forex (currency pairs)
• Stocks
• Indices (like US30)
• Cryptocurrencies (Bitcoin, Ethereum, etc.)

If you have lost money to companies like GoodTrade Capital, or First Invest Capital; please report it to us on our Report a Scam form.

Trading Platform & Leverages

Air Fx utilizes the popular MetaTrader 5 platform, known for its advanced tools and functionalities. However, a crucial piece of information is missing: leverage options. Leverage allows traders to magnify their positions, but it also amplifies potential losses. Withholding this information makes it difficult to assess the risk involved in trading with Air FX.

Spreads and Cost of Trading

Air Fx provides two account types:

• Raw Spread Account: Offers raw spreads starting at 0.01 pips with a flat-rate commission.
• No Commission Account: Features lower spreads starting at 1.5 pips but without commissions.

For comparison, the table below shows spreads and commissions of other brokers:

Note: Spreads can fluctuate based on market volatility.

License and Regulations

This is a major red flag. Air Fx is not regulated by any known financial authority. Regulation protects traders by ensuring brokers adhere to specific standards and guidelines. Without regulatory oversight, Air FX is not accountable for its actions, posing a significant risk to traders’ funds.

Legal Warning Against GT-Trader (Similar Case)

It’s important to be cautious. In the past, regulators have issued warnings against brokers operating under similar circumstances (unregulated, based in China). For example, authorities warned against GT-Trader, a Chinese-based, unregulated broker with characteristics mirroring Air FX.

Deposit and Withdrawal Methods

Information regarding deposit and withdrawal methods and fees is scarce. The website only mentions withdrawals are processed on a first-come, first-served basis with a one-business-day turnaround, but reserves the right to delay processing. Additionally, minimum deposit details are absent.

Here’s a comparison table showcasing deposit and withdrawal fees of other brokers:

Air Fx Pros and Cons (Table)

Why Dealing With An Unlicensed Broker Is Risky

Unlicensed brokers pose a multitude of risks:

• Lack of Accountability: Without regulatory oversight, they can manipulate markets or withhold funds without repercussions.
• Limited Dispute Resolution: If a conflict arises, there might be no established channels for resolving the issue.
• Potential for Fraud: Unregulated brokers are more susceptible to engaging in fraudulent activities.

Client Feedback

There are limited online reviews readily available for Air Fx, making it difficult to gauge client experiences.

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

Unfortunately, if you fall victim to a scam broker, recovering your funds can be challenging. However, seeking legal advice and reporting the incident to relevant authorities can be helpful steps.

You Can report to us today by the below form.