AitsFX Review Scam Complaint
AitsFX is an offshore broker who claims to be regulated in St Vincent and the Grenadines. The company is owned and operated by AITSFX Ltd which is registered in the UK as a company which is engaged in a combined office administrative service activities, software publishing and web portals. According to its website the broker has also applied for the license from UK based Financial Conduct Authority, but no updates are seen with the authority.
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About the AitsFX:
AitsFX is a forex and CFD broker who is regulated in St Vincent and the Grenadines, the island known as the hot-spot of dishonest brokers. The brokerage company offers only one type of account that is called ‘MetaTrader 4’ which is unprofessional, as MetaTrader 4 is a platform for trading. According to the website of the broker there is one more account which is not active, named AITSFX webtrader which is again very unimaginable. Though the name is unprofessional, but the trading conditions it provides are up to mark. The broker offers 50 forex pairs, energies, metals and CFDs on indices. No wonder AitsFX has chosen to provide MT4 platform as It is a very well known and established platform with many useful features. Though its successor is out in the market but still most of the forex traders are familiar with this one. The platform allows automated trading and hedging along with this it has Expert Advisors, charting and technical analyzing tools. MT4 platform is considered as stable and convenient to use.
Lets talk about the payment options it offers to its clients; AitsFX has modes of payments like, bank wire and credit/debit card. It also judges the IBAN number of the account in the bank Santander which is based in the UK. Another mode of payment offered by the broker is the Stripe online payment platform, which is usually used by online stores.
Is AitsFX legit or scam?
AitsFX is one of the offshore unregulated brokers who are associated with St Vincent and the Grenadines which is known for scam brokers. According to its website lack of regulation, unprofessionalism and loopholes one can easily predict the scam. The most obvious guess is that it is scam is its unregulated status and not getting the approval from Financial Conduct Authority. Some traders have also complained about not being able to withdraw their money from the trading account of AitsFX. Hence, it’s a scam brokerage firm with bad intentions.