Don’t trust Aquilafx.com broker! Read AquilaFx reviews to know about this forex broker and why it is not reliable.
This content promises to share helpful review to support clients/traders in making the right decision. Kindly read to the end and make your verdict.
AquilaFx otherwise known as Aquilafx.com is an offshore brokerage with a lot of promises for forex traders. The forex company claims to offer crypto investment services to their clients.
What’s more, the brokerage promises different instruments like forex, stocks, commodities, crypto, bonds and indices.
Is Aquilafx.com a Scam Forex Broker?
First of, AquilaFx openly claims to be based in Liechtenstein and it also mentions to be Swiss regulated, but no further data is presented. In order to clear the suspicions, we searched both of these countries’ regulators – the Financial Market Authority (FMA) of Liechtenstein and the Swiss Financial Market Supervisory Authority (FINMA), however there was no data about AquilaFx at all.
The situation always gets worsen for unlicensed brokers when some institutions issue a warning against them. Another financial authority from The Italian local watchdog – CONSOB has blacklisted the broker for public to see.
As far as we’re concerned, this is the one of the most ambiguous yet common remarks made by scammer entities, helping them become as vague as possible but yet retaining the illusion of being legit.
These drawbacks are for forex traders/ clients to avoid losing money with scam brokers lurking online. It is always advisable you check for regulated and licensed broker on financial authorities websites before depositing fund for trading.
Does AquilaFx Have Account Types?
AquilaFx offers different trading account for clients. According to the account descriptions, the broker offers a leverage max 1:400 and fixed spreads from 2.3 to 3 pips for currency pairs.
AquilaFx offers $250 as its minimum deposit based on the account type.
Considering safety and regulation, you should better stay with a legitimate broker that clearly spells out its regulation and license credibility with no string of fraud, and clients can start trading as low as $100 with the assurance of their trading funds.
AquilaFx claims to accept credit or debit cards and other three options such as Payeer, Binance and Bitnovo. Truly, Payeer, Binance and Bitnovo are popular cryptocurrency exchange platforms.
There are a few reasons why scam brokers prefer to receive payments in crypto. One, transactions are irreversible and untraceable.
Just so you know, offshore brokers are commonly known for accepting crypto currencies. For this purpose, payments made through this method are anonymous and can only be traced to a wallet address and not to a specific person. So beware!
AquilaFx Withdrawal process And Trading Software
AquilaFx withdrawal leaves us with no specific information on withdrawal fee nor processing days on withdrawal request. The broker provides no clear description on trade requirements that must be met before a withdrawal.
The broker claims to offer industry trading software MT4. Unfortunately, we were not able to access the software as its download link didn’t work.
Why use forex brokers with advanced trader like MT4/MT5? You are certain to have the best features of real-time quotes, financial news and various FX and stock charts, as well as algorithmic trading sessions with the help of specially designed trading bots, called Expert Advisors.
Honestly, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.
Argument Against Trading With An Unlicensed and Unregulated Broker ( Aquilafx.com)
Like in any corporation, integrity is a key to uphold these days. It doesn’t matter if you make a lot of money but you can’t take it out. That is to say, exactly what is happening with non-licensed companies.
Having said that, it is not far from believing that Aquilafx.com is not a licensed brokerage firm. It is not under any financial regulation which means wiring your money for trading is risky. Its unlicensed and unregulated activities are truly a red flag and must be avoided.
COMPARE WITH A TRUSTED BROKER
Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide..visit their official website
AquilaFx located at Aquilafx.com appears like a trustworthy trading broker, however, you should not take the words they say and the attractive website layout. By all appearances, we would advise traders to steer clear from unlicensed forex broker as it likely a platform run by scammers. Thus, we urge our readers to rely on regulated brokers like this or any licensed entity.
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