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Afg.cc Review: Scam or Legit?

As cryptocurrency trading grows in popularity, so do the scams associated with it. With numerous platforms promising high returns, it’s crucial to ask: Is afg.cc a legitimate trading platform or just another scam?

Company Overview

Company Name: Afg.cc
Website: afg.cc
Registered Country: N/A
Regulation Status: Unregulated
Operating Since: 2016
Trading Platforms/Methods: Web-based trading
Leverage Offered: N/A
Minimum Deposit/Deposit Bonus: N/A
Available Assets to Trade: Cryptocurrencies
Demo Account Availability: N/A
Customer Support Contact Methods: N/A

Red Flags Indicating It is a Scam

  • No clear information available on regulatory compliance.

  • User complaints about withdrawal issues and non-responsiveness.

  • Lack of transparency around fees and charges.

  • Unrealistic high returns on investments are frequently advertised.

  • N/A

License and Regulatory Issues

Upon investigating regulatory databases, it appears that afg.cc is unregulated and lacks any oversight from financial authorities such as the FCA, SEC, ASIC, or FINMA. According to ScamAdviser, it has a low trust score of 10% based on various factors, indicating a significant level of risk associated with using this platform.

User Feedback

Users have shared mixed reviews on forums and social media, with many highlighting frustrations regarding customer support and withdrawal inconsistencies. Some have reported a lack of assistance in resolving their complaints.
  • Complaints about unresponsive customer service.

  • Users claiming difficulty in withdrawing funds.

  • Positive reviews appear unverified or suspicious.

Deposit and Withdrawal Methods

No clear information is available regarding deposit or withdrawal methods on afg.cc. Users have reported experiencing difficulties with withdrawals, saying requests are often delayed or denied altogether.

Why Unregulated Brokers Are Risky

Trading through unregulated brokers like afg.cc can be risky because they lack the necessary safeguards that ensure your investments are protected. Without such protections, disputes over transactions may not be resolved, and there’s a higher risk of losing your funds without any recourse.

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

Unfortunately, recovering funds lost to a scam can be challenging. However, “ReviewsAdvice” can help by:
  • Raising awareness: By exposing potential scams, we can help others avoid similar pitfalls.

  • Providing resources: We offer guidance on identifying fraudulent brokers and reporting scams to relevant authorities.

  • Actionable support: We will provide you recovery service recommendations, which will help you in recovering the lost funds or you can report your case here for assistance.

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William Pewitt

William Pewitt is an experienced forex broker reviewer, dedicated to helping traders navigate the complex world of currency exchange. With a sharp eye for detail and years of experience, I try to provide concise and insightful assessments of various forex brokers. My reviews offer valuable guidance, helping traders make informed decisions about their investments.

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