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Score

1.57 /10
Danger

AoFeng

Australia

5-10 years

Suspicious Regulatory License

Suspicious Overrun

High potential risk

http://www.afjrfx.com/index.aspx#index

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Score

Regulatory Index0.00

Business Index7.50

Risk Management Index0.00

Software Index4.00

License Index0.00

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Warning: Low score, please stay away! 3
Previous Detection : 2024-11-12
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The AustraliaASIC regulation (license number: 113784446) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

AoFeng · Company summary
Company NameAoFeng
Founded2018
HeadquartersAustralia
RegulationsSuspected cloned regulations
Tradable AssetsForex currency pairs, commodities, indices, cryptocurrencies
Account TypesBasic Account, Advanced Account, VIP Account
Minimum Deposit$100
Maximum Leverage1:200
SpreadsStarting from 1 pips
CommissionNo commission
Deposit MethodsBank wire transfers, credit/debit cards, electronic payment systems
Trading PlatformsMetaTrader 4 (MT4)
Customer SupportPhone, email, live chat
Bonus OfferingsNone

AoFeng Information

AoFeng is an online brokerage firm in Australia, which was established in 2018. It provides trading instruments such as forex currency pairs, commodities, indices, and cryptocurrencies.

Is AoFeng Legit?

AoFeng holds an ASIC license, but its regulatory status is suspected to be cloned, posing a risk of being a fraudulent replica.

regulation

Pros and Cons

ProsCons
/Suspected cloned regulations
/Lack of regulatory oversight

What Can I Trade on AoFeng?

AoFeng provides a wide array of trading instruments in order to meet the requirements of various traders. Clients gain access to numerous financial markets, encompassing forex currency pairs, commodities, indices, and cryptocurrencies.

Tradable Instruments Supported
Forex✔
Commodities✔
Crypto✔
CFD❌
indexes✔
Stock❌
ETF❌
Options❌

AoFeng Fees

Spreads and commissions provided by AoFeng vary by market, instrument and account type.

Major currency pairs such as EUR/USD and GBP/USD spread by about 1-3 pips during normal marketconditions, exotic currency pairs and low-frequency trading instruments spread by about 3-5 pips.

Aofeng implements a commission-free structure for most trading instruments.

Non-trading Fees ✔
Deposit Fee ✔
Withdrawal Fee ✔
Inactivity Fee ✔

Trading Platform

AoFeng offers the popular and widely recognized MetaTrader 4 (MT4) trading platform to its clients.

Deposit and Withdrawal

The minimum deposit requirement at AoFeng is $100, allowing traders of different budget sizes to start trading. For deposit methods, clients can usually choose from bank wire transfers, credit/debit cards, and electronic payment system.

User Reviews

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邱浩銓
more than one year
My experience with them has been a total headache. Their trading information is a mess and it's hard to figure out what's going on. Trying to get in touch with customer service is like pulling teeth - they just don't respond. Plus, every time I've tried to download the MT4 trading platform, it's failed. Overall, I wouldn't recommend AoFeng to anyone looking for a smooth and reliable trading experience.
My experience with them has been a total headache. Their trading information is a mess and it's hard to figure out what's going on. Trying to get in touch with customer service is like pulling teeth - they just don't respond. Plus, every time I've tried to download the MT4 trading platform, it's failed. Overall, I wouldn't recommend AoFeng to anyone looking for a smooth and reliable trading experience.
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2023-03-24 09:15
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彭韵菲
more than one year
這個澳豐金融就是一個實實在在的黑平臺，花言巧語欺騙我入金， 然後就火速封鎖了我的賬戶，客服人員都聯系不到， 他們就這樣徹底消失了。 花了5000塊買了個教訓！
這個澳豐金融就是一個實實在在的黑平臺，花言巧語欺騙我入金， 然後就火速封鎖了我的賬戶，客服人員都聯系不到， 他們就這樣徹底消失了。 花了5000塊買了個教訓！
Translate to English
2022-12-13 17:08
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