AForex

Cheated by a financial organization, does not withdraw money? Do you want to check the financial company?

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    Money scam from AForex – review of another fake broker, analysis of the terms of cooperation, reviews of deceived people

    The platform provides a variety of analysis tools, automatic trading systems, and PAMM accounts for investments. However, given a number of negative reviews, traders should exercise caution and carefully study trading conditions. Complaints about fraud, lack of regulation, inconsistency of company information are indicated.

    Status

    SCAM

    Year of foundation

    2007

    Affiliate program

    Possible

    Regulation and jurisdiction

    No

    Website

    aforex.com

    Contacts

    [email protected], +1234567890

    Pros
    • Offers several types of trading accounts for different traders.
    • Uses popular trading platforms such as MetaTrader 4, which provides convenience for traders.
    • It has an affiliate program, which can provide additional opportunities for earning money.
    Cons
    • One of the major drawbacks is the lack of true regulation, which can increase risks for clients.
    • May offer a limited range of financial instruments compared to other brokers.
    • The demo account has a time limit, which can be inconvenient for traders who want to thoroughly explore the platform.
    Trading Platform

    MetaTrader 4, MetaTrader 5

    Types of accounts

    Standard, Fixed, ECN, Bitcoin

    Currency

    USD, EUR

    Deposit/withdrawal

    Bank transfer, electronic payments, Visa/MasterCard cards

    Min Deposit

    From $1 (Bitcoin), from $100 (Standard, Fixed), from $1,000 (ECN)

    Leverage

    1:1000

    Min. order

    0,01

    Spread

    Floating (from 0.3 pips on ECN)

    Financial Instruments

    Currency pairs, CFDs, metals, indices, stocks, commodity market, cryptocurrencies

    Bonus

    Yes, but please read the terms and conditions carefully.

    AForex review or what the service is

    The AForex project offers an automated solution for trading on the Forex market. The service offers an automated trading strategy that can be integrated with the MetaTrader 4 (MT4) platform. The purpose of the service is to provide traders with a simple and effective way to participate in Forex trading without the need for constant intervention or in-depth market knowledge. The project uses the “Trend Trader” strategy, developed by a team of experienced Forex traders with over 20 years of experience. This strategy is based on analysis of market sentiment trends and has demonstrated consistently profitable results since 2010.

    The strategy was launched in 2010 and its results are confirmed on the FXBlue and Myfxbook platforms. This indicates the long-term profitability and reliability of the proposed trading system. The service is compatible with any MT4 platform, any account balance and broker. The option of using a demo account is also available. They offer a special price of $39 for the first month, after which the subscription fee is $99 per month with the option to cancel at any time.

    The site does not indicate a specific author or creator of the service. However, it is mentioned that the strategy was developed in collaboration with a leading Forex broker. The site contains legal warnings about the risks associated with Forex trading and terms of use of the service.

    AForex’s mission is to provide an affordable and effective way for automated Forex trading, making it accessible to a wide range of traders, regardless of their experience and capital size.

    We are interested in specifics. And to be more precise, where AForex was legally registered, of course the company is silent about it. There is also not a word about who regulates the service’s activities. In fact, the official website is filled with banal statements about the prospects of cooperation and earnings. Where are the footnotes for documents and certificates? Why isn’t this happening? The management remains anonymous, which is typical for scammers.

    Formats of communication with managers

    The official website aforex.com provides the following methods of contacting technical support:

    • phone number is missing;
    • there is mail;
    • Skype;
    • Form to fill.

    Considering the range of methods of communication with technical support, it is obvious that the office does not plan to contact clients.

    Terms of cooperation

    AForex uses an automated trading strategy called “Trend Trader” developed by a team of experienced Forex traders. This strategy automatically copies trades to the user’s MT4 trading account. The specific assets available for trading through AForex are not specified on the website. However, given that this is a Forex solution, it can be assumed that the main assets are currency pairs.

    The service is compatible with the MetaTrader 4 (MT4) platform, which is one of the most popular Forex trading platforms. The site does not list specific minimum deposit or account balance requirements. The service is available for any account balance and any broker. The standard price is $149 per month. However, they offer a special price of $39 for the first month, after which the subscription fee is $99 per month. Subscription can be canceled at any time. AForex strives to achieve your goals by providing an automated, time-tested and profitable trading strategy. The strategy is based on analysis of market sentiment trends and has evidence of successful operation since 2010.

    The site contains legal warnings about the risks associated with trading on margin and the high degree of risk associated with Forex trading. Users are advised to carefully evaluate their investment objectives and level of experience before trading. But the company does not have the appropriate documents to provide services in the legal segment.

    Expert opinion

    Eugene Rudenko

    Cooperation with AForex, after the review, will only lead to losses. The service does not have the necessary licenses and legal transparency, which raises doubts about the legality and reliability of their activities. In addition, reviews from ex-clients indicate serious problems in withdrawing money. Customer reviews indicate manipulation on the part of the broker, including rigging quotes and unfair play in the market. AForex’s marketing strategy includes customized positive reviews and even persistent calls.

    Want to spread the word about your company or have you been in a negative review? Contact the portal editorial office right now

    Real reviews about AForex

    We bring to your attention accessible user stories about how traders are scammed out of money.

    User Denis began collaborating with AForex in November 2013. It would seem that everything was great at the start, but as soon as the trader began to withdraw money, everything fell into place. The personal manager never got in touch.

    In most cases, ex-clients deposited money into the account and were left with nothing. Because the organization did not fulfill even half of what it promised at the conversation stage.

    Clients claim that AForex draws quotes and does not withdraw money on purpose. All attempts to withdraw funds fail, or traders are fed promises. Actually, that’s why you shouldn’t even contact the company and fall for ridiculous empty promises.

    Remember that chargeback is available to everyone without exception. There are only a few who actually start the process and return the money. Just for consultation write to us. Our consultants are ready to provide support in this matter.

    Conclusion on the AForex project

    So, as a verdict, we bring to your attention a list of signs of divorce:

    • there is no transparency. Service is positioned as an experienced player in the financial services market with over 15 years of experience, offering trading in a wide range of assets. However, the company lacks a license and legal transparency, which raises doubts about the legality of their activities;
    • ex-users faced serious problems when trying to withdraw their funds. After passing verification and successful trading, their withdrawal requests were ignored and the funds remained frozen;
    • customer reviews indicate manipulation on the part of the broker, including manipulation of quotes and unfair play in the market, which violates the basic principles of financial reliability and honesty;
    • AForex uses paid positive reviews and persistent phone calls to potential clients, which are typical signs of fraudulent sites;
    • complete anonymity of management and authors;
    • cheap site.

    Actually, based on this, we can confidently say that AForex is a typical example of a SCAM platform. You shouldn’t even expect to earn money through cooperation with the project.

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    FAQ

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    How do client reviews about AForex affect the company's rating?

    Customer reviews are one of the main criteria that influences the placement of a broker in the ranking of the best companies. You can see all reviews about AForex on the company profile page.

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    How to write a review about cooperation with HotForex on the Forex Rating website?

    Register on the Forex Rating website – it’s free and takes up to 5 minutes, taking into account the registration confirmation via the link that will be sent to your email. Detailed instructions on how to leave a review about AForex are available at the link.

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