A1FxTrading has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to FCSIP. We’ve received over 6 complaints against A1FxTrading.
Claiming to be a registered broker, A1FxTrading imitates Tickmill but lacks regulatory status and has contradicting legal documentation. The FCA has advised against it in warnings. A1FxTrading only takes bitcoin, has a hefty minimum deposit requirement, and doesn’t provide any genuine trading software. Choose regulated brokers with open operations to protect your money.
We suggest working with a trustworthy broker with specialized staff, latest tech and most importantly, customer-centric trading conditions. After reviewing 1000+ brokers, we rank the following company as the best:
Key Takeaways
Is A1FxTrading Regulated? Do They Have a License?
Many people may recognize the A1FxTrading website as a duplicate of the website of a legitimate broker, Tickmill, rather than the award-winning, regulated global broker it claims to be. Despite its professional appearance, A1FxTrading is a fake organization rather than a legitimate broker. This post can help you identify such frauds and work with a legitimate financial services company.
When evaluating a broker, the regulatory status is critical. A1FxTrading claims to be based and licensed in Cyprus, yet there are contradictions in its legal documents. The Terms of Use state that it is based in the United States and registered with the Financial Conduct Authority (FCA) in the United Kingdom, which is inconsistent.
A thorough review of documents from financial regulators in the United States, Cyprus, and the United Kingdom confirms that there is no regulated broker named A1FxTrading. In truth, the Financial Conduct Authority has warned that A1FxTrading is a scam. Reputable brokers regulated by agencies such as CySEC or the FCA provide investor protections such as segregated accounts and negative balance protection, assuring the security of client funds.
The lack of regulation or the presence of poor regulation is a huge red flag. It means A1FxTrading might be a scam or most likely, an illegal operation.
Companies offering investment services or opportunities without having a license can vanish without leaving a trace. Furthermore, the lack of a regulatory license allows them to get away with it and face no legal consequences.
That’s why it’s vital for you to always check a company’s regulation status as well as its license information. The presence of a license allows consumers to reach out to an authority if something goes wrong.
In the case of A1FxTrading, victims have nowhere to go due to the absence of a watchdog or license.
You should ask yourself the following questions when you come across a new investment firm or opportunity:
- Does the investment provider maintain transparency about its CEO?
- Do they have a license from a renowned regulatory authority?
- If the need arises, can I reach out to an authority to report this company as a scam?
Trading Conditions and Deposit/Withdrawal Methods at A1FxTrading
A1FxTrading claims to offer advanced trading platforms, including MetaTrader 4 (MT4) and MetaTrader 5. However, after opening an account, users discover that A1FxTrading does not offer working trading software. The dashboard just shows TradingView charts, not trading capabilities. In comparison, legitimate brokers offer robust platforms such as MT4 and MT5, which are noted for their customization choices, automated trading tools, and support for many devices.
A1FxTrading asks a $300 minimum deposit, which is greater than many known brokers. For example, FP Markets demands $100, XM merely $5, and HFM does not have a minimum deposit. This increased need is another red flag indicating that A1FxTrading does not adhere to industry norms
A1FxTrading exclusively takes bitcoin deposits, which is a frequent practice among fraudulent brokers due to the anonymity and irreversibility of crypto transactions. Legitimate brokers, on the other hand, provide a wide range of payment options to their clients, including bank transfers, credit/debit cards, and e-wallets such as PayPal, Skrill, and Neteller, ensuring transparency and ease.
While A1FxTrading offers a variety of trading instruments such as currencies, equities, indices, cryptocurrency, and commodities, it lacks the legal license and technological capabilities to conduct real trading. Reputable brokers, on the other hand, offer access to a diverse choice of financial instruments as well as real-time trading capabilities.
A1FxTrading offers reduced spreads, but without actual trading, these assurances are useless. Furthermore, the claimed leverage of up to 1:500 indicates an uncontrolled broker, as major regulatory agencies such as the FCA, CySEC, and ASIC enforce rigorous leverage restrictions to safeguard ordinary traders from excessive risks.
A1FxTrading does not state any withdrawal terms, however scammers frequently add hidden fees and limitations, making it impossible for clients to collect their assets. Legitimate brokers, authorized by agencies like as the FCA and CySEC, provide straightforward and fair withdrawal processes with no hidden fees.
However, it’s worth noting that many forex scams disable their payment channels before shutting down their operations.
They might give you multiple reasons including:
- A technical error
- A glitch in their system
- Banking issues
- A “hacking attack”
And many others.
But in 9/10 cases, shady forex brokers stop making payments and keep the money to themselves. Hence, the payment methods we discussed here might not work.
To avoid such scenarios, it’s best to work with a reliable and trusted broker.
A1FxTrading Customer Service: Do They Handle Complaints Well?
When it comes to forex brokers, you should only measure the quality of their customer service if they respond to your complaint.
In the beginning, shady brokers tend to remain very accessible.
This means their representatives will keep calling you until you invest with them. Furthermore, they will act friendly and make it seem as if you’re one of their most valuable consumers.
However, they do all this just to win your trust.
Shady brokers understand that to convince someone to give them a large sum, they will need to seem like a friend.
Nevertheless, when you have invested a considerable amount of money and need to get it back, their customer support will become inaccessible.
All of a sudden, their numbers would either stop responding or become unavailable.
Still, they might remain accessible to convince you to invest further. Also, they might begin by making a few excuses regarding your payment.
However, in the end, customer support won’t resolve your issues and become increasingly unavailable.
If you have information on a scam or criminal operation, you can get access to 40+ investigative journalists & news outlets for free. Send us a detailed report here and if you qualify, we will forward your case ahead.
A1FxTrading Reviews: What Do Others Say?
It’s worth noting that many scammers tend to purchase fake reviews. Buying fake reviews has become extremely easy and it’s a multi-million dollar industry.
Even if A1FxTrading might not be a scam, brokers like them rely on fake reviews to increase their credibility.
TIME Magazine investigated the fake review industry and estimated it to be worth more than $150 million. Certainly, there are a ton of scammers who want to seem legitimate and a bunch of fake reviews is the most effective way to do so.
That’s why you shouldn’t trust the online A1FxTrading reviews easily.
It’s easy to identify fake reviews as well. You should look out for 5-star reviews posted by temporary accounts (profiles that only posted 1 or 2 reviews on the platform). Also, you should see if the positive reviews share any detailed information about their experience with the firm or not.
In the case of A1FxTrading, chances are, you wouldn’t find many legitimate reviews.
Another prominent way brokers like A1FxTrading enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.
This way, when you’ll look up “A1FxTrading reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising A1FxTrading.
You should always look out for consumer complaints. In the case of A1FxTrading, the most common complaints I found were about:
- Poor customer support
- Delays in payments
- High fees
- Lack of transparency regarding their leadership team
- Aggressive sales staff
Do you have a similar complaint about A1FxTrading? You can share your complaint in the comment section or submit an anonymous tip.
Is A1FxTrading Legit Or a Scam?
A1FxTrading is an unregulated entity. Although they might fall under the jurisdiction of a watchdog, they don’t have the license to offer financial services to consumers.
The lack of a license means they are not answerable to any regulatory authority. As a result, the people behind A1FxTrading can run away with your money without any prior notice. It would help if you were extremely cautious when dealing with an unregulated service provider.
The absence of a watchdog also means you cannot report to them to anyone.
Also, due to the absence of specific regulations, there is no provision protecting you from the insolvency of this entity. If they go bankrupt, you won’t be able to do anything about it.
Can You Trust A1FxTrading?
In essence, A1FxTrading might be a scam broker that imitates the website of a legal broker, Tickmill, while making misleading promises about its regulatory status and trading capabilities. It is critical to check the validity of any broker with regulatory agencies and guarantee that they provide transparent, secure trading conditions. For a secure trading experience, always use brokers authorized by respected bodies such as the FCA or CySEC.
All the evidence suggests that A1FxTrading might be a scam. You shouldn’t risk your funds with a broker you don’t fully trust.
That’s why we recommend working with a trusted broker. That way, you can avoid any hiccups and be certain of
Frequently Asked Questions
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How Forex Scams Work
Intelligence Commissioner investigates & reviews online money-making opportunities. We strive to provide critically helpful information to our readers and assist them in identifying scams. 
