Air FX Review 2024 – Pretending To Be A Legit Business

Air FX appears to be a relatively newly-founded unregulated broker with dubious characteristics such as a lack of transparency in trading conditions and deposit/withdrawal options. While the broker offers access to various assets and two types of trading accounts, there is no relevant information on leverage and payment terms. 

We have reason to believe this platform is fraudulent, as indicated by negative reviews. Keep reading our Air FX Review to learn the truth about the broker and the underlying scheme. Find out why firms such as AHFUltra claiming to be based offshore are risky.

Legal Info: Is Air FX Regulated?

The Air FX broker is allegedly registered in Saint Lucia. Yet, the legal documentation mentions the Marshall Islands and other companies. It prompts us to assume the text was copied from somewhere, not representing a legitimate source of information. The likely original is HeroFX, which features identical content. 

It serves as a ruse to dupe those who aren’t careful into investing in the platform. There is also no relevant and true about the firm’s legal background on the bogus website or anywhere else for that matter. Therefore, we strongly advise you to avoid this platform at all costs! There is a great chance you will get defrauded! 

Instead of trusting unlicensed imposters, you should stick to regulated providers supervised by recognized financial authorities such as the FCA (UK), ESMA (Europe), CFTC & NFA (US), ASIC (Australia), IIROC (Canada), JFSA (Japan), MAS (Singapore), etc.

Regulated brokers are liable to equip clients with negative balance protection, segregate their funds in top-tier banks, cover them with a compensation scheme contract, and limit their leverage.

Who Are Air FX’s Targets?

According to godaddy.com/whois, the airfx.co website domain was created on October 25, 2021. Since then, the suspicious provider has been targeting mainly unwary traders and investors who reside in the following countries:

• United States;
• United Kingdom;
• Australia;
• Canada;
• Germany.

All of these countries are known for having tight regulations and strict rules. Their respective financial watchdogs meticulously oversee the markets to prevent unauthorized phonies from running their schemes.

One common rule says that each financial market participant and broker must obtain a necessary permit. As mentioned, Air FX has no license. The broker offers bonuses, which are banned in Europe and Australia, thus directly violating regulations.

Trader Reviews – Sharing Experiences

We found nine Air FX reviews on trustpilot.com. The recent feedback was mostly negative, with complaints accusing the broker of rejecting withdrawal requests, not responding to emails, and unpleasant bonus withdrawal conditions.

“In conclusion, I had an all around bad experience as new client and would not be coming back nor do I recommend. HeroFx is the sister if not the same company,” one user pointed out, affirming our fears about the latter broker.

We suggest you read the comments to get a clear picture of how you can get tricked. Payment issues seem to be a recurring theme so beware. 

Which Trading Platform Is Available?

Some sources suggest the Air FX platform is MetaTrader 5, the best trading software in the game. However, without a demo account, we were not able to check the validity of the platform. There is no download link either. Even if there is an MT5 there, we do not recommend you use it because of the broker’s fraudulent background. The trading terminal may be manipulated.

For a comprehensive trading experience, we recommend you choose a licensed provider that supports reliable third-party software such as MetaTrader 4, MetaTrader 5, or cTrader. 

MT platforms are widely regarded as among the best in the industry, offering advanced tools like automated and algorithmic trading, sophisticated charting, real-time market reports, API integration, support for 20+ timeframes, Expert Advisors (EAs), and fast order execution.

Air FX Account Types

Leverage, Spreads, Commissions

The maximum leverage that Air FX offers was not disclosed. It is important to note that the legal limit for retail clients is 1:30 in Europe & Australia and 1:50 in North America. 

High leverage in trading can amplify both potential profits and losses. While it allows traders to control larger positions with a relatively small amount of capital, it also increases the risk of substantial financial loss. Suspicious providers such as Xtradesness are known for exposing users to such risks. 

Ultra-tight spreads and zero/low commissions seem like a tempting offer, but given the illicit aspects that we have already exposed, we advise you not to buy into it. Also, users emphasized that the Air FX deposit bonus comes with strings attached. They were required to achieve an insane trading volume before becoming eligible for withdrawals.

Deposit and Withdrawal Process

The Air FX minimum deposit is 250 USD, which is in line with standards. However, the broker accepts exclusively crypto deposits. Judging by trader reviews, you are unlikely to receive customer support in case of withdrawal issues. Fraudsters prefer cryptocurrency payments because they are challenging to trace and reverse, enabling them to operate with anonymity. 

Judging by trader reviews, you are unlikely to receive customer support in case of withdrawal issues. The process of reversing cryptocurrency transactions is intricate and necessitates professional assistance. Our team of experts is prepared to assist you in recovering your funds.

Key Facts To Consider About Air FX

It seems that Air FX primarily targets users from the US, the UK, Germany, Canada, and Australia. The sham broker is not compliant with regulatory standards and rules, meaning the trading it offers is illicit.

We do not recommend the platform mainly because it is unregulated. In case you have lost money to the Air FX scam, you must seek our professional help to recover your funds! Use the form below to book your free consultation with Scam Brokers Reviews and tell us more about your case. Our team will gladly guide you through the fund recovery process and assist you every step of the way.

Book your free consultation here and start the chargeback process.

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