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AiFxMarkets Review | A Legit Broker or SCAM?

by Kevin Berry
Rating: 
  1/5   Reviews: 2
AiFxMarkets - logo

Searching for a broker to invest your hard-earned money with can be more daunting than finding a needle in a haystack. It’s a jungle out there, and it’s easy to fall prey to cunning scammers. AiFxMarkets might seem like a legit broker with all the bells and whistles, but trust us, it’s a trap! In this review, we’ll explain why you should avoid this shady outfit.

Highlights

🏛️ Country Switzerland
⚠️ Regulation
🖥️ Website https://www.aifxmarkets.com/
🎲 Demo Account No
⏳ Start Time 2023
💲 Minimum Deposit $250
⚖️ Minimum and Maximum Leverage 1:200 – 1:500
⚙️ Trading Platform WebTrader
📨 E-mail support@aifxmarkets.com
📞 Phone +41 445087121

First Impression of Aifxmarkets.com

Well, let’s just say that the website of AiFxMarkets doesn’t exactly scream “wow!” It’s pretty basic and run-of-the-mill, with nothing that really sets it apart from the rest. The design is a bit odd, with constellations in the background that might make you feel like you’re lost in space. And while the website is functional, it doesn’t seem like anyone has put a lot of effort into making it look good. It’s like they hired their neighbor’s teenage kid to build it for a couple of bucks. Hey, at least you can find some useful information on there, like account descriptions and an economic calendar.

AiFxMarkets - website

Partnership and Bonuses

AiFxMarkets offers huge deposit bonuses ranging from 30 to 100 percent. The more money you deposit, the higher the bonus you’ll receive. Sounds great, right? Well, not so fast. Big bonuses can actually be a red flag indicating a potential scam. Unscrupulous brokers often use such offers to lure in unsuspecting traders who end up losing their money due to unfavorable trading conditions, hidden fees, or other shady practices.

Account Opening on Aifxmarkets.com

Registering with AiFxMarkets is easy. You don’t need to go through the hassle of verifying your email or password. It’s like getting into a club with a fake ID, only here the stakes are much higher. While it may seem like a walk in the park, this kind of reckless behavior is a big no-no in the world of online trading. Without proper security measures, your personal and financial information is up for grabs, like a free sample at a food court.

Registration

The Client Portal provided by AiFxMarkets is quite underwhelming. Once you complete the registration process, you will be taken directly to the deposit page. This is giving the impression that the broker is eager to get its hands on your money. It’s worth noting that you can fund your account immediately after signing up. While the portal allows you to make changes to your account settings, withdraw funds, and upload documents, it lacks any unique or noteworthy features.

AiFxMarkets - Client Portal

Verification

At AiFxMarkets, the verification process is relatively straightforward. To verify your account, you need to provide a copy of your passport or government-issued ID, as well as a utility bill or bank statement as proof of address. You can upload these documents directly through the Client Portal.

Pros
  • The verification process is relatively quick.
Cons
  • The broker may ask for additional documentation.

Trading Software

AiFxMarkets’ trading platform is like a plain loaf of bread: bland and unsatisfying. Unlike other brokers, there’s no option to download the platform, leaving you stuck with the web version. However, even that is disappointing, lacking in technical analysis tools and indicators. It’s like trying to navigate a dense forest without a map or compass. Plus, the platform is being developed by an unknown third party, raising doubts about its security and reliability. If you’re going to invest your money, you want a platform that’s more reliable than a faulty GPS.

Features AiFxMarkets OceanFX  Royalzysk
Demo Account
Mobile App ✔️
Own Development ✔️

How Can I Trade With AiFxMarkets?

We would not say that AiFxMarkets gives the impression of a great broker. It looks more like a second-rate company with a maximum of a hundred customers. Let’s check what trading conditions it offers its users.

All Info About Accounts

AiFxMarkets offers a limited selection of trading accounts, with no demo or Islamic accounts available. The broker only lists the minimum spreads for each account, with no information on how spreads may vary depending on market conditions. However, it’s worth noting that the more money you deposit, the lower the spreads will supposedly be. The beginner accounts offer little in terms of additional services, except for a phone call from a manager. While higher-tier accounts come with larger bonuses, increased leverage, and additional perks such as analytics and exclusive trading strategies.

Pros
  • Low minimum deposit.
Cons
  • High leverage.

Market Analysis and Education With Aifxmarkets.com

When it comes to analytics and education provided by AiFxMarkets, we cannot be certain about the quality of these services. While the broker does advertise these services, there is no evidence available in the public domain to verify the accuracy or usefulness of their market forecasts. As a potential investor, it’s important to thoroughly research any educational materials or trading signals. Another way, you just risk your funds.

Deposit, Withdrawal, and Fees

Funding your account on AiFxMarkets could be a real adventure. You can only use credit cards or cryptocurrency to do so. That means if you were hoping to pay with a stack of cash or a handful of seashells, you’re out of luck. And don’t forget about those sneaky credit card fees and high-interest rates that could sneak up on you. Plus, the broker keeps their commission sizes a secret, so it’s like trying to guess the price of a mystery box.

Features AiFxMarkets Gainful Markets  Axi
Debit/Credit Cards ✔️ ✔️
Electronic Payments ✔️
Crypto Transfers ✔️
Deposit Fee ✔️
Withdrawal Fee ✔️ ✔️

How Can I Contact It?

You can contact AiFxMarkets either by phone or email. They also provide an address in Switzerland. However, it seems that the company’s office location is not confirmed, as some maps are unable to verify the address. Maybe the office is in a secret location? Who knows, maybe it’s a secret society of traders who only communicate via phone and email. Or maybe they’re just shy and don’t want anyone to visit them. Either way, if you have any questions, you can always try reaching out to them and see if they answer.

Pros
  • There is a phone number and email address.
Cons
  • The office address seems to be fake.

Is AiFxMarkets Dangerous?

We have some doubts about the legitimacy of the company, which have arisen due to certain inconsistencies in its operations. Therefore, we will be looking into the matter to determine whether our concerns are warranted or not.

How Long Does The Broker Work?

Well, it looks like our broker’s career was shorter than a hobbit’s height. We did a domain check and it turns out they only rented it on February 22nd, 2023. That’s not a good sign. We mean, if they can’t commit to a domain for longer than a month, how can they commit to our investments? It’s like trusting a goldfish to water your plants while you’re on vacation.

Domain info

How Is AiFxMarkets Regulated?

AiFxMarkets fails to offer any legal information on its platform. Moreover, there is a lack of information about the company’s name and registration location, except for an address in Switzerland in the contacts section. However, we have reasons to doubt that this broker is truly operating in Switzerland. For one, Swiss brokers do not typically offer such high leverage. Upon checking the Swiss registry, we discovered that AiFxMarkets is not listed there. Hence, the company appears to be non-existent officially and, as expected, lacks a valid license.

License check

Features AiFxMarkets MTCapitals  Lig Broker
European Zone
Asian Zone
American Zone
African Zone
Offshore

Frequently Asked Questions (FAQ)

How to Trade With AiFxMarkets?

You first need to create an account. After completing the registration process, you will need to make a deposit to start trading.

Is AiFxMarkets Legit?

There are reasons to doubt the legitimacy of AiFxMarkets. The company appears to be non-existent officially and, as expected, lacks a valid license.

How Risky Is It?

Trading with AiFxMarkets is potentially very risky, given the lack of transparency and legitimacy of the company. Furthermore, the broker offers very high leverage, which is not typical of licensed brokers. This can lead to significant losses for traders who are not aware of the risks involved.
Kevin Berry
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Expert Opinion

I can confidently say that AiFxMarkets is making my scam radar go off the charts. The fact that there’s no client agreement and no clear information about where the company is registered is definitely raising some eyebrows. And let’s be real, offering sky-high leverage is like offering a toddler a loaded gun – it’s just plain irresponsible. When it comes to entrusting your cash to a broker, it pays to be diligent and do your research. In this case, I’d suggest running far, far away and finding a more reputable company.

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AiFxMarkets rating

The level of trust
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The level of trust
Quick withdrawal of funds
Efficiency of technical support

2 reviews about AiFxMarkets

Peter April 3, 2023 - 16:12
I did some research
The level of trust

I discovered that AiFxMarkets doesn’t seem to have any sort of legitimate licensing or regulation. That’s a huge problem when it comes to trusting a broker with your funds – you want to make sure that they’re operating within the confines of the law and that there’s some sort of regulatory body keeping an eye on things. Without any sort of proper regulation or oversight, you’re essentially just throwing your money into a black hole and hoping for the best.

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Nick April 7, 2023 - 12:58
Let alone my hard-earned money
The level of trust

I tried to sign up with AiFxMarkets but thanks to you, found out that the website was only registered in February 2023. That’s a huge red flag for me. The lack of proper legal information and the absence of a client agreement is concerning. It’s clear that this broker hasn’t been around for very long and doesn’t seem to be regulated or licensed by any reputable financial authorities. Frankly, I wouldn’t trust AiFxMarkets with my pocket change.

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