AFFIX FINANCE foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://user.affixfinance.com/regist-real, about the company's legal and temporary regulatory information, the company's address .
AFFIX FINANCE Forex Broker
Basic Information
United States
2-5 years Suspicious Regulatory License Self-developed Suspicious Scope of Business High potential riskCompany profile
Rating Index
Affix Finance Forex Broker - Comprehensive Information Guide
1. Broker Overview
Affix Finance is a newly established American brokerage firm that offers trading services through proprietary trading software. The company was founded within the last 1 to 5 years, reflecting its relatively recent entry into the financial services market. The headquarters of Affix Finance is located in the United States, where it operates primarily. As a private entity, it does not have any public listing.
The primary market served by Affix Finance includes retail forex trading, with a focus on individual traders looking to engage in various financial markets. The firm aims to provide a user-friendly trading environment, although specific details about its development milestones and growth trajectory are limited due to the lack of available information.
Affix Finance operates under a business model centered around retail forex trading, offering clients access to a range of trading instruments. However, the company's operational history is marked by concerns regarding its regulatory status, which will be discussed in the following sections.
Affix Finance broker is positioned to cater to traders seeking a straightforward trading experience, but potential clients should be aware of the associated risks given the broker's regulatory situation.
2. Regulation and Compliance Information
Affix Finance currently lacks valid regulation from recognized financial authorities. The firm claims to have a license from the National Futures Association (NFA) in the United States, with the license number 0553518; however, this license is categorized as a suspicious clone. This raises significant concerns regarding the oversight and legitimacy of the brokerage.
The absence of valid regulatory oversight means that clients' funds may not be adequately protected. Affix Finance has not provided clear information regarding its policies on client fund segregation, which is a critical aspect of safeguarding investors' capital. Furthermore, there is no indication that Affix Finance participates in any investor compensation schemes that could provide an additional layer of protection for clients.
In terms of compliance, the firm has not disclosed its Know Your Customer (KYC) and Anti-Money Laundering (AML) measures, which are essential for ensuring the legitimacy of transactions and preventing fraudulent activities. The lack of transparency in these areas is a significant red flag for potential investors.
Given these factors, it is advisable for traders to exercise extreme caution when considering any financial transactions or investments with Affix Finance, as the risks associated with trading on an unregulated platform are considerable.
Affix Finance broker should be approached with caution due to its lack of regulation and transparency.
3. Trading Products and Services
Affix Finance offers a limited range of trading products primarily focused on cryptocurrencies. While the specific number of forex currency pairs and their major varieties are not disclosed, the firm appears to cater to traders interested in the cryptocurrency market. However, due to the unavailability of its official website and the lack of detailed information, it is challenging to ascertain the full scope of trading instruments available.
The broker does not provide access to popular Contract for Difference (CFD) products such as indices, commodities, or stocks, which limits the diversity of trading options for clients. Additionally, there is no information regarding any unique or exclusive trading products that may set Affix Finance apart from other brokers.
The frequency of product updates and the addition of new trading instruments are also unclear, which may hinder traders looking for a dynamic trading environment. The absence of retail trading services beyond cryptocurrencies further emphasizes the limited offerings of Affix Finance.
For institutional clients, specific services and solutions have not been outlined, and there is no mention of white-label solutions or asset management services. This lack of comprehensive service offerings could be a disadvantage for traders seeking a more robust trading experience.
Affix Finance broker primarily focuses on cryptocurrencies, which may not meet the needs of all traders.
4. Trading Platforms and Technology
Affix Finance does not support the widely used MetaTrader 4 (MT4) or MetaTrader 5 (MT5) platforms, which are popular among traders for their advanced features and user-friendly interfaces. Instead, the brokerage appears to offer its proprietary trading software designed specifically for mobile devices, including Android and iOS platforms.
The details regarding the functionality and user experience of the proprietary trading software are not readily available, making it difficult for potential clients to assess its effectiveness for their trading needs. The absence of a web-based trading platform further limits accessibility for traders who prefer not to use mobile applications.
Regarding execution models, there is no clear information on whether Affix Finance operates on an ECN (Electronic Communication Network), STP (Straight Through Processing), or Market Making basis. The lack of transparency in this area raises concerns about the quality of trade execution and the potential for conflicts of interest.
The server location and technological infrastructure of Affix Finance have not been disclosed, which adds to the uncertainty surrounding the broker's operational capabilities. Additionally, there is no mention of API access or support for automated trading, which are essential features for many active traders.
In summary, the technology and trading platforms offered by Affix Finance broker may not meet the expectations of traders accustomed to industry-standard platforms and features.
5. Account Types and Trading Conditions
Affix Finance does not provide detailed information regarding its account types and trading conditions, which is a critical factor for potential clients. The absence of specific account conditions, such as minimum deposit requirements, spreads, and commissions, raises concerns about the transparency of the brokerage.
It is unclear whether Affix Finance offers standard accounts, premium accounts, or specialized accounts such as Islamic accounts or corporate accounts. The lack of information on demo accounts is particularly concerning for new traders looking to practice their skills before committing real funds.
The leverage ratios available to traders have not been specified, which is essential for understanding the potential risk and reward associated with trading through Affix Finance. Furthermore, the minimum trade sizes and overnight fee policies are also undisclosed, making it challenging for traders to evaluate the overall trading conditions.
Given the limited information available, potential clients may find it difficult to assess whether Affix Finance broker aligns with their trading strategies and risk tolerance.
6. Fund Management
Affix Finance offers minimal information regarding its fund management policies, which is crucial for traders considering depositing their capital with the broker. The available deposit methods, such as bank transfers, credit cards, and e-wallets, have not been clearly outlined, leaving potential clients uncertain about their options.
The minimum deposit requirements for different account types are not specified, which is a significant drawback for traders looking to understand the initial financial commitment involved. Additionally, the processing times for deposits and any associated fees are also not disclosed.
Withdrawal methods and any potential restrictions on withdrawals are critical aspects that have not been addressed by Affix Finance. The lack of transparency regarding withdrawal processing times and fee structures raises concerns about the broker's reliability and the security of clients' funds.
Overall, the insufficient information on fund management practices makes it challenging for traders to trust Affix Finance broker with their investments.
7. Customer Support and Educational Resources
Affix Finance provides limited customer support options, accepting inquiries only via email at service@affixfinance.com. The absence of phone support, live chat, or social media presence may hinder effective communication between clients and the brokerage, especially during critical trading periods.
The operational hours and time zone coverage for customer support are not specified, leaving traders unsure of when they can expect assistance. Additionally, the lack of multilingual support may be a barrier for non-English speaking clients.
In terms of educational resources, Affix Finance has not provided information on the types of training materials available, such as webinars, tutorials, or e-books. The absence of market analysis services, including daily analysis, news updates, or research reports, further limits the support available to traders seeking to enhance their trading knowledge.
The lack of trading tools, such as calculators or signal services, may also detract from the overall trading experience for clients of Affix Finance.
In summary, the limited customer support and educational resources offered by Affix Finance broker may not adequately support traders in their trading endeavors.
8. Regional Coverage and Restrictions
Affix Finance primarily serves clients within the United States, where it is registered and operates. However, the specific distribution of regional offices is not disclosed, which may limit the broker's ability to cater to a global audience.
The broker has not provided information regarding countries or regions from which it does not accept clients, which is crucial for potential investors to understand any limitations on their ability to open accounts. Additionally, special restrictions that may apply to certain jurisdictions have not been addressed.
Given the lack of detailed information on regional coverage and restrictions, potential clients may find it challenging to determine whether Affix Finance broker meets their needs based on their geographical location.
In conclusion, while Affix Finance positions itself as a broker catering to retail traders, the significant concerns regarding its regulatory status, limited trading product offerings, and lack of transparency in various operational aspects suggest that potential clients should proceed with caution. The absence of comprehensive information across multiple dimensions raises red flags, making it essential for traders to conduct thorough research and consider alternative options before engaging with this broker.
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Latest Reviews
FX7060382712
Japan
I entered the FX group line and was invited to open an AFFIX account within that group, but at that time, Yuichi Koizumi, a customer service manager, was in charge and opened an account. Yuichi Koizumi was also in charge of opening the line and dealing with deposits and withdrawals. When I told them that I wanted to make a deposit, it was a personal exchange account that I didn't know. I was worried, so I transferred only 50,000 yen first and it was reflected in the trading account, so I deposited 50,000 yen again the next day. Since I made a deposit, I told Mr. Koizumi that I would like to withdraw once to get used to withdrawal, and applied for withdrawal of 100,000 yen from the trading account. The withdrawal was credited to my account the next day. So I was relieved and deposited 800,000 yen this time. I made a transaction and lost $2,928 in one transaction, so I applied for withdrawal of the remaining $4,133.03. I applied on January 28th and have not yet withdrawn. I see a message in my AFFIX trading account, but my withdrawal application is still under review. Even if I contact the customer service manager Yuichi Koizumi on the line, it is not read and there is no contact. I want you to withdraw the money as soon as possible.
Exposure
2023-03-07
Taunton-Smith
United Kingdom
I encountered difficulty with a withdrawal, echoing similar reports from other users. The lack of industry experience, unavailability of a demo account, and limited market instruments are additional drawbacks. In summary, I advise extreme caution when dealing with AFFIX FINANCE, as the red flags suggest potential risks and a lack of transparency.
37130
2023-12-07