Abstract:AstroFX Trade is supposed to be a brokerage firm, focusing on cryptocurrency and forex investment, allegedly registered in the United States. According to WikiFX, this brokerage is not subject to any regulation and it got a low score of 1.09 based on five indexes, namely Regulatory Index, License Index, Business Index, Risk Management Index, and Software Index. Although this alone does not mean that AstroFX Trade is a forex fraud, investors should be aware of the risk.
General Information
AstroFX Trade is supposed to be a brokerage firm, focusing on cryptocurrency and forex investment, allegedly registered in the United States.
According to WikiFX, this brokerage is not subject to any regulation and it got a low score of 1.09 based on five indexes, namely Regulatory Index, License Index, Business Index, Risk Management Index, and Software Index. Although this alone does not mean that AstroFX Trade is a forex fraud, investors should be aware of the risk.
Investment Plans
AstroFX Trade advertises that it offers multiple investment plans to suit different traders needs, however, we only find some details of the Starter Plan, the investment amount between $20 and $200, with a daily profit of 45% for a week. With the promise of so high profit, it might be too good to be true.
Other investment plans and details are not disclosed yet.
How to open an account?
Investing with AstroFX Trade and opening an account is easy and straightforward. There are some simple steps for you to follow:
Click the “Sign up” button on the homepage of AstroFX Trade.
Fill in the required information, such as name, valid email, and password, on the popping-up page.
Upload some identification documents for verification.
Fund your account and start to trade with this brokerage.
Payment Methods
The minimum deposit amount is $20 while the minimum withdrawal amount is not disclosed. AstroFX Trade supports its clients to make a deposit and withdrawals through the following payment methods:
Coinbase
Perfect Money
PAYEER
PayPal
Paystack
Coinpayments
Customer Support
Each client has the right to get any information from AstroFX Trade‘s support service. Clients who have any inquiries or questions can get access to this brokerage’s customer support through the following channels:
Telephone: 415-294-1894
Email: admin@proinvest.com
Company Address: 2295 Oak Street, Old Forge, San Francisco
Please note that the information contained in this Introduction is for general information purposes only.
In recent months, PrimeX Capital, a Forex and CFD broker established in 2022, has become a subject of concern in the trading community. However, despite these enticing features, the broker's reputation has been severely tarnished by multiple complaints and a troubling lack of regulatory oversight.
Forex broker scams continue to evolve, employing new tactics to appear credible and mislead unsuspecting traders. Identifying these fraudulent schemes requires vigilance and strategies beyond the usual advice. Here are five effective methods to help traders assess the legitimacy of a forex broker and avoid potential pitfalls.
Doo Financial, a subsidiary of Singapore-based Doo Group, has expanded its regulatory footprint by securing new offshore licenses from the British Virgin Islands Financial Services Commission (BVI FSC) and the Cayman Islands Monetary Authority (CIMA).
A new programme has been launched by CFI to address the growing need for transparency and awareness in online trading. Named “Trading Transparency+: Empowering Awareness and Clarity in Trading,” the initiative seeks to combat misinformation and equip individuals with resources to evaluate whether trading aligns with their financial goals and circumstances.