|Journal status: |
- Full listing profile: AAFX broker profile
Is AAFX safe?
- Investor protection: no
- Regulation: not regulated
- Registration: FSA SVG
- Publicly traded: no
- Segregated account: yes
- Guaranteed Stop Loss: no
- Negative Balance Protection: yes
Is AAFX trusted?
- Information transparency: limited
- Customer service: prompt, helpful
- AAFX website: highly detailed, updated
- AAFX popularity (by visitor count): average
How AAFX works
The Company receives fees/commission from the counterparty through which it executes transactions. This fee/commission is related to the frequency/volume of transactions executed through the counterparty.
The client needs to be aware that the company will refuse to accept or it may cancel any orders placed and/or executed via the Trading Terminal without any notice if it comes to its a+en,on that the logic behind those orders is to abuse the whole system (i.e. use of specific EAs to generate volume by opening and closing positions at the same price) in order this way to gain unfairly benefits for the client and which is beyond the traditional scope of fair trading. Customer understands that reports and confirmations of order executions, cancellations or modifications may be erroneous for various reasons. Confirmations also are subject to change by Company, in which case Customer shall be bound by the actual order execution, so long as it is consistent with Customer’s order. In the event that Company confirms an execution or cancellation in error and Customer unreasonably delays in reporting such error within 24 hours, Company reserves the right to require Customer to accept the trade, or remove the trade from Customer’s account, in Company’ sole discretion.
Any complaints in relation to the execution or the non-execution of an order will only be examined if raised in writing as soon as the underlying facts occurred, and in any case no later than the ,me that the relevant market opens on the day a$er the order was executed. Any claim relating to the performance or non-execution of an order will be considered only on the express condition that it be made in writing upon the occurrence of the events in ques,on and at the latest before the opening of relevant market on the day a$er the execution, that is, within a 24- hour period from the ,me of occurrence. It should be noted that the use of an expert advisor or any other program that is used to perform technological and/or algorithmic trading, also alleviates you of any right to claim.
The Company provides its Clients with trading services using an internet based trading system. The Company has outsourced the development, physical hosting, maintenance and updating of its online trading platform to a foreign entity. The Company’s Clients will not have any direct contact with this entity and the Company will take all reasonable steps to ensure the security of all the data regarding the identity of its Clients. The Client hereby acknowledges and accepts the fact that the Company outsources such activities.