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AAAFx -

Score

4.54 /10
Average

AAAFx

South Africa

5-10 years

Regulated in South Africa

Financial Service Corporate

MT4 Full License

Regional Brokers

Suspicious Overrun

High potential risk

https://aaafx.com/global

Influence

C

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Comparison

Quantity 13

Exposure

Time Machine
Website

Score

Regulatory Index3.51

Business Index7.61

Risk Management Index0.00

Software Index9.67

License Index3.51

The WikiFX Score of this broker is reduced because of too many complaints!
Time Machine
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Broker Information

More

Company Name

Sikhula Venture Capital (Pty) Ltd

Company Abbreviation

AAAFx

Platform registered country and region

South Africa

Company website

X

Facebook

Instagram

Linkedin

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

WikiFX Risk Alerts 2
Previous Detection : 2025-06-07
  • The number of the complaints received by WikiFX have reached 12 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
  • This broker exceeds the business scope regulated by South Africa FSCA(license number: 49299)National Futures Association-UNFX Non-Forex License. Please be aware of the risk!

WikiFX Verification

Exposure

13 pieces of exposure in total
Pyramid scheme complaint
Expose
Others

Scam

There is $8000 or so left in my account, while it was scammed by the platform.Hope you select the platform wisely.

2019-12-04 19:30
Unable to Withdraw

The withdrawal was unavailable 2.

I continued to contact the customer service this week, but they still ignored me. Do you think I will give up in this way? No, it only reinforces the fact that I keep exposing them until I can withdraw. To prevent more people from stepping into their trap, I insist on exposing them once a week.

2019-07-05 23:44
Unable to Withdraw

Withdrawal is always unavailable

I have failed to contact the customer service for several months.No matter how long the customer service always didnt reply.Withdrawal was also unavailable.Please keep away from this platform.Anyway,I don't know why they don't respond.

2019-07-27 02:28
Unable to Withdraw

Withdrawal is unavailable

I have contacted the customer supports several times, asking for withdrawing, but they make no answer. However, the platform will send you an email everyday on time to inform the profitability.

2019-07-13 04:31
Unable to Withdraw

The withdrawal is unavailable.

The platform gives no access to withdrawal with grinding reasons these months.The customer service is out of contact totally.Exposure of AAAFx!

2019-06-29 17:36
Unable to Withdraw

AAAFx requires 30% of clients’ withdrawal privately.

Formax Forex gives no access to withdrawal, privately transferring the amount in the account to AAAFx , and then says that only 4% of the full amount can be paid each month, and then it becomes a new payment plan to ban withdrawing money to before a new plan carried out. Now it requires 30% of clients’ withdrawal privately.

2019-03-21 19:40
Unable to Withdraw

The application for withdrawal is turned down several times

It must be a fraud platform since it refuses my application for withdrawal several times and its customer service personnel give me a cold shoulder. I can’t get in touch with them both by Wechat or on the website. That’s really arrogant!

2019-07-20 02:01
Unable to Withdraw

Disguised forbidden withdrawal

The withdrawal of gold can only be 4% of the full amount, and it is necessary to pay the service charge, so that it is not enough to pay the charge with the fund.I hope everyone will stay away from this pitted platform!

2018-10-10 01:43
Scam

fraud and lying

He gave me a 200 dollar bonus and never let me use it. My money was always liquid because of him, and some people don't even give their profits.

2024-04-09 18:58
Scam

AAAFx absconded

I knew teacher Li at the end of 2018. And the teacher said he was a professional teacher with forex and he helped people invest. I’m a new hand. So I became so curious and asked him how? The teacher said it was hard to explain it clearly. Simply put, you give us your money and we help u profit on a no-risk basis. And the teacher should be giver 30% of the profit. This teacher kept posting the profitable screenshots and telling me how good his team was. So I believed him. I deposited in early March, 2019. And the teacher helped me trade everyday cuz I knew nothing about the investment. The teacher changed my login password and told me I could see the operate situation. At about 19:00, March 12, 2019, the teacher asked me add more money cuz the XAU/USD market was bullish! The teacher just pressured me and asked me to login to QQ and he would instruct me. I transferred 67,800 that day. There was another teacher arranged by the teacher Li helped me invest since march 13. But the price of my order went down since April 4! And the teacher bought over 10 lots of XAU/USD which were unprofitable on April 8! I lost from over $1,000 to $9,000! I was so worried that I asked the teacher what should I do? And my family didn’t support me! The teacher asked me to trust him and he wouldn’t let me lose!!!

2021-03-12 15:04
Resolved

Too bad! ! ! The AAAFX platform does not give rebates, so please don't believe it.

IB name: cocoinvest99@gmail.com Sales name: Fateh. Before I introduce clients to AAA, both parties have agreed to pay rebates every Friday. I have been waiting for 1 month so far. But they don't pay. I don't know if this platform is going out of business. I suspect they are doing a scam.

2023-07-03 18:58
Unable to Withdraw

Withdrawal is unavailable, exposure ignored

The platform continue the practice of withdrawing refusal. Its foreign customer service support said he couldn’t speak Chinese and asked me to contact Chinese customer support. However, when I replied in English, he is gone...

2019-08-03 18:32
Unable to Withdraw

The withdrawal is unavailable

My money deposited in formax was transferred into aaafx. Having tried to enquire the customer service personnel about that several times, I wasn’t able to withdraw any money.

2019-08-03 17:41
    AAAFx · Company summary
    AAAFxReview Summary
    Registered2009
    Registered Country/RegionSouth Africa
    RegulationFSCA (Exceeded)
    Market InstrumentsForex, Indices, Commodities, Stocks, Cryptos
    Demo Account✅
    LeverageUp to 1:500
    SpreadRAW Spread from 0.0 pips
    Trading PlatformMT4, MT5, ZuluTrade
    Minimum Deposit$100
    Copy Trading✅
    Pormotions✅
    Customer Support (24/5)contactus@aaafx.com
    Live Chat 24/5
    Facebook, Twitter, Instagram, LinkedIn
    3rd Floor, 34 Whiteley Blvd, Melrose Arch, Birnam, 2196 South Africa
    Regional RestrictionsBelgium, UK

    AAAFx Information

    AAAFx is a multi-asset broker. It offers a wide range of trading products, covering forex, indices, commodities, stocks, and cryptocurrencies; meanwhile, it supports multiple trading platforms such as MetaTrader 4, MetaTrader 5, and ZuluTrade. It is suitable for both novice beginners and experienced traders.

    AAAFx Information

    Pros and Cons

    Pros Cons
    MT4 and MT5 providedExceeded license
    Flexible account typesCommission fees charged
    Demo account available
    Spreads as low as 0
    Live chat support
    Various payment options
    No deposit and withdrawal service fees
    Promotions offered
    Copy Trading provided

    Is AAAFx Legit?

    AAAFx is regulated by the FSCA (Financial Sector Conduct Authority), but its regulatory status shows 'Exceeded,' which may indicate potential risks and does not necessarily mean it is completely unsafe.

    Regulated AuthorityCurrent StatusLicensed EntityRegulated CountryLicense TypeLicense No.
    Financial Sector Conduct Authority (FSCA)ExceededSIKHULA VENTURE CAPITAL(PTY)LTDSouth AfricaFinancial Service Corporate49299
    license

    What Can I Trade on AAAFx?

    Tradable Instruments Supported
    Forex✔
    Indices✔
    Stocks✔
    Commodities✔
    Cryptos✔
    ETFs❌
    Bonds❌
    Mutual Funds❌
    assets

    Account Type

    Account Type ECN ECN ZeroECN PLUSIslamicUs Cent
    Minimum Deposit$100$100$5,000$100$100
    Spreads from0.0 pip0.3 pips0.0 pip0.0 pip0.0 pip
    Commission$2.5$0$1$2.5$2.5
    Maximum Leverage1:5001:5001:5001:5001:500
    Account Type

    Leverage

    AAAFx offers traders leverage of up to 500 times. High leverage is suitable for experienced traders with a high risk tolerance and mature risk management strategies.

    AAAFx Fees

    The fee structure of AAAFx varies by account type. The spread can be as low as 0.0 pips for some accounts, such as the Standard Account; the spread for the ECN Zero Account starts at 0.3 pips. Commission starts from $0.

    Commission

    Assets ECN ECN ZeroECN PLUSIslamicUs Cent
    Forex (per $100K)$2.50$0$1.00$2.50$2.50
    Indices (per $100K)$2.50$0$1.00$2.50$2.50
    Commodities (per $100K)$2.50$0$1.00$2.50$2.50
    Stocks (per lot)0.09%0.08%0.07%0.09%0.09%
    Cryptocurrencies (per lot)0.001*Price0.0008*Price0.0007*Price0.001*Price0.001*Price

    Trading Platform

    The platform supports multiple mainstream trading platforms, such as the popular MetaTrader 4/5, as well as ZuluTrade, which focuses on social trading.

    Trading PlatformSupported Available Devices Suitable for
    MetaTrader 5✔Windows, Android, iOS, WebExperienced Traders
    MetaTrader 4✔Windows, Android, iOS, WebBeginners
    ZuluTrade✔Android, iOS, Web/
    Trading Platform

    Deposit and Withdrawal

    AAAFx supports credit cards (VISA), wire transfers, e-wallets (Skrill, AstroPay), and cryptocurrencies (BTC, ETH, etc.). The minimum deposit is $100, and most methods offer instant account funding.

    Withdrawal methods are the same as deposit methods, with a minimum withdrawal of $10 and a maximum processing time of 12 hours.

    Payment OptionsRegionCurrenciesMinimum Deposit/Withdrawal Service FeeProcessing Time (Deposit/Withdrawal)
    VISAWorld WideEUR, USD, CHF, GBP$100/$10$0Instant/Up to 12 hrs
    FNBSouth AfricaZAR$100/$10$02-3business days/Up to 12 hrs
    helpay2South East AsiaMY, TH, ID, PH, VN$100/$10$0Instant/Up to 12 hrs
    FairPayLatin AmericaBR, CL, CR, EC,SV, MX, PA, PE$100/$10$0Instant/Up to 12 hrs
    PayRetailersMexicoMXN$100/$10$0Instant/Up to 12 hrs
    FairPayLatin AmericaCL, CR, EC, MX, PE$100/$10$0Instant/Up to 12 hrs
    VirtualpayEast AfricaTAS, KES, MTN$100/$10$01-2business days/Up to 12 hrs
    SkrillWorld WideEUR, USD, JPY,CHF, GBP, AUD$100/$10$0Instant/Up to 12 hrs
    NETELLERWorld WideEUR, USD, JPY,CHF, GBP, AUD$100/$10$0Instant/Up to 12 hrs
    korapayNigeria, KenyaNGN, KES$100/$10$0Instant/Up to 12 hrs
    AstroPayWorld WideMultiple Currencies$100/$10$0Instant/Up to 12 hrs
    Capital WalletWorld WideBTC, ETH, USDT, USDC$100/$10$0Instant/Up to 12 hrs
    Deposit and Withdrawal

    Copy Trading

    Through the ZuluTrade platform, AAAFx's copy trading feature helps traders filter and follow traders who match their investment style and risk preferences based on data.

    Bonus

    Customers with slightly larger trading volumes (with a minimum deposit of $5,000) are eligible for a free VPS.

    Bonus

    News

    NewsCompleting 15 Successful Years in the Industry

    The company has stood the test of time and is proud to be one of the most trusted brokers in the forex market, serving retail as well as institutional clients for over 15 years now.

    WikiFX
    2022-11-09 10:00
    Completing 15 Successful Years in the Industry
    About More

    User Reviews

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    User comment

    8

    Comments

    Write a review

    Daily Life
    more than one year
    Reports of difficulties in withdrawing funds and potential scams add to the caution. Regional restrictions and commission charges are additional considerations in this complex trading landscape. I'm weighing the pros and cons carefully as I navigate my way through the markets with AAAFx.
    Reports of difficulties in withdrawing funds and potential scams add to the caution. Regional restrictions and commission charges are additional considerations in this complex trading landscape. I'm weighing the pros and cons carefully as I navigate my way through the markets with AAAFx.
    Translate to English
    2023-12-04 17:07
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    0
    0
    The availability of demo accounts is a great feature, providing a risk-free space for honing trading strategies. The flexible leverage options, ranging from 1:1 to 500:1, cater to both conservative and more aggressive traders. The tight spreads are a definite advantage, making transactions cost-effective. Plus, supporting both MT4 and MT5 platforms gives me the flexibility to choose what suits me best. On the downside, the lack of regulation is a concern, and I've heard murmurs about potential difficulties in withdrawing funds and encountering scams. I'm proceeding with caution, keeping an eye on developments.
    The availability of demo accounts is a great feature, providing a risk-free space for honing trading strategies. The flexible leverage options, ranging from 1:1 to 500:1, cater to both conservative and more aggressive traders. The tight spreads are a definite advantage, making transactions cost-effective. Plus, supporting both MT4 and MT5 platforms gives me the flexibility to choose what suits me best. On the downside, the lack of regulation is a concern, and I've heard murmurs about potential difficulties in withdrawing funds and encountering scams. I'm proceeding with caution, keeping an eye on developments.
    Translate to English
    2023-12-01 18:31
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