A Closer Look at AitsFX: Uncovering the Truth Behind the Scam Claims

No, AitsFX is not regulated by any financial authority. FSA St. Vincent and the Grenadines has granted authorization to the firm. The firm is waiting to hear back from the UK’s FCA about their license. We all know that the FSA cannot regulate any company. They can only provide registration facilities to the companies.

Pros and Cons

Pros:

• None

Cons:

• Not regulated by any financial authority
• Poorly designed website
• Very little information is available about the company online
• High risk of fraud

How Does AitsFX Reach To Their Prey?

AitsFX reaches its prey through a variety of channels, including online advertising, social media, and cold calling. The company often targets inexperienced traders who are looking for a quick and easy way to make money.

Technical Details

Minimum Deposit:

The minimum deposit at AitsFX is GBP 500. This is a relatively low minimum deposit, but it is important to remember that the company is not regulated and that there is a high risk of fraud.

Trading Platform:

AitsFX offers the MetaTrader 4 trading platform. This is a popular trading platform, but it is important to note that it is not the only trading platform available. There are many other regulated brokers that offer the MetaTrader 4 trading platform.

Spread:

The spread at AitsFX is variable. Their spread is floating from 1.6 pips. This means that the spread can change depending on market conditions. The spread is also typically higher at AitsFX than it is at other regulated brokers.

Leverages:

AitsFX offers a variety of leverage options, up to 1:100. This is a very average leverage level, and it is important to remember that leverage can amplify both your profits and your losses.

Packages and Products They Offer

Currently, the broker offers only one account type, but it plans to introduce another one soon.

DMA/ECN account trading terms:

• minimum deposit of GBP 500;
• minimum trade size of 0.1 lots;
• maximum trade size of 200 lots;
• leverage up to 1:100;
• floating spreads from 1.6 pips;
• five-digit quotes;
• 58 currency pairs, metals, indices, and CFDs;
• depositing currencies: GBP, JPY, EURO, and USD;
• Margin Call/Stop Out – 100%/50%;
• scalping, hedging, and expert advisors are allowed.

Withdrawal and Deposit Method

AitsFX offers a variety of withdrawal and deposit methods, including credit cards, debit cards, and wire transfers. However, it is important to note that the company has a history of delaying or denying withdrawals.

What Do Their Previous Traders Say?

There are many negative reviews of AitsFX online. Many previous traders have complained that the company has delayed or denied their withdrawals. Some traders have also complained that the company has manipulated their trades.

Summing Up- Why Should Not You Trust AitsFX

There are many reasons why you should not trust AitsFX. The company is not regulated by any financial authority, its website is poorly designed, there is very little information available about the company online, and there is a high risk of fraud.

If Bad Things Happen, Where Can You Get The Quick Solution?

If you have been scammed by AitsFX, there are a few things you can do. First, you can report the company to the financial authority in your country. You can also try to recover your lost funds through a chargeback with your credit card company or bank.