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No valid regulatory information, please be aware of the risk!
AAA Trading Operators
Pyramid scheme complaint
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
General Information & Regulation
|Market Instrument||Forex, CFDs on Stock Indices, Commodities, Stocks, Crypto, Metals and Energies|
|Spread||From 0.5 pips|
|Trading Platform||Mobile App|
|Deposit & Withdrawal Method||Paystack, Wire Transfer, MasterCard, Skrill, MetaQuotes, Visa, Zotapay and Neteller|
AAA Forex, a trading name of FAMOUS WORLDWIDE TRADING LIMITED, is allegedly a forex and CFD broker registered in China that claims to provide its clients with various tradable financial instruments with leverage up to 1:500 and floating spreads from 0.5 pips on the mobile trading app trading platforms. Here is the home page of this brokers official site:
As for regulation, it has been verified that AAA Forex currently has no valid regulation. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.23/10. Please be aware of the risk.
AAA Forex advertises that it offers access to a wide range of trading instruments in financial markets, including over 80 Instruments anywhere, anytime.Forex, CFDs on Stock Indices, Commodities, Stocks, Crypto, Metals and Energies.
The maximum leverage provided by AAA Forex is 1:500. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
AAA Forex claims to offer spreads from 0.5 pips.
Trading Platform Available
AAA Forex gives traders a mobile trading app trading platform. Anyway, you had better choose brokers who offer the leading MT4 and MT5, which are highly praised by traders and brokers alike due to their ease of use and great functionality, offering top-notch charting and flexible customization options. They are especially popular for their automated trading bots, a.k.a. Expert Advisors.
Deposit & Withdrawal
From the logos shown at the foot of the home page on AAA Forexs official website, we found that this broker seems to accept numerous means of deposit and withdrawal choices, consisting of Paystack, Wire Transfer, MasterCard, Skrill, MetaQuotes, Visa, Zotapay and Neteller.
AAA Forex also claims to offer a welcome bonus, but there isnt any specific information revealed on their website. In any case, you should be very cautious if you receive a bonus. Bonuses aren't client funds, they're company funds, and fulfilling the heavy requirements that are usually attached to them can prove a very daunting and difficult task. Note that brokers are prohibited from using bonuses and promotions by all leading regulators.
AAA Forex‘s customer support can be reached by telephone: +91 9368699030, email: email@example.com or live chat. You can also follow this broker on social networks such as Twitter, Facebook and YouTube. However, this broker doesn’t disclose other more direct contact information like the company address that most transparent brokers offer.
Pros & Cons
|• Multiple trading instruments and payment options offered||• No regulation|
|• Lack of transparency|
Frequently Asked Questions (FAQs)
|Q 1:||Is AAA Forex regulated？|
|A 1:||No. It has been verified that AAA Forex currently has no valid regulation.|
|Q 2:||Does AAA Forex offer the industry-standard MT4 & MT5？|
|A 2:||No. Instead, AAA Forex offers a mobile trading app.|
|Q 3:||Is AAA Forex a good broker for beginners？|
|A 3:||No. AAA Forex is not a good choice for beginners. Not only because of its unregulated condition, but also because of its lack of transparency.|
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