Afa Trader Review: Afatrader.com A Sinister Broker

Afa Trader is an offshore broker that looks forward to providing: bitcoin, forex, and indices, among other trading services. They brag about being the global experts in online CFD and spread predictions. So they immediately want you to set up an account and start earning massive returns your way.

Moreover, there are several factors that a smart trader would consider before investing real money in any platform, and you should do the same. Therefore, as you read this objective review on the company, you may change your mind on going forward to invest with them.

Afa Trader allows you to trade on multiple devices provided you have an internet connection. They guarantee that you become part of a large trade group once you join the platform. Meanwhile, you should consider investing with these reliable forex brokers to earn acceptable returns on your investments.  

Unlike Afa Trader, they apply tried and tested traits that will lead to a desirable trade experience. The company brags that they manage to stand out from competitors through experts in the trading world. Accordingly, trading is not children play, and without proper education and understanding of the trading world, you will not attain any returns.

Afatrader.com Review

Afatrader.com claims that they aim to maintain being at the top and are the first choice for global traders. In 2010 Afatrader.com  was brought into the market thanks to the “mightiest expert” in the forex market. However, you are not certain you are working with people who understand how the trading world operates. The founders’ information is very important, and failure to avail such data questions their transparency.

Furthermore, there is no credibility in the software they have created. Afa Trader does not reveal the kind of algorithm it uses in coming up with the returns. Moreover, automatic tools are preferable to humans since they do not mix trading with emotions. Also, falling for the wrong tools will only expose you to more losses. They claim to have more than eight years of expertise, and no single data on their qualifications is available.

Afa Trader allows you to choose from 80+ CFD and Spot contracts. They feature nine-time frames as well and unlimited numbers of charts. However, the same information comes from third parties who are also anonymous, and their information is not reliable. Nothing they promise traders to make any sense, and you should be cautious about their claims.

How Afatrader.com Operates

Afatrader.com does not have any reliable methods they use in their style of operation.  They look to granting traders aces to online forex trading and other markets with a very shady approach. The style of operation and the founders’ data is hidden, which raises even more doubts about their services.  Therefore since they showcase so many scam traits, you should not expect them to operate any differently.

They promise attractive massive returns that are not attainable, especially in the style of operation they showcase. Consequently, you may come across bonuses on the first deposit of up to 100%. Thus the deals will be lucrative, but when you fall for the bait and make a deposit consider your business done with them. They will deny you access to their services and cut off any communications between you and them.

Afa Trader does not seem to have any trade activities taking place. They may be attracting negative returns, and such data is not welcoming in the eyes of new customers. Trade history for at least three months or more help in determining the kind of results to expect from the company.

The platform is compatible with Meta trader 5, and its the only positive factor concerning the company.  Afa Trader has room for every investor, and newbies can get an opportunity to benefit from their services. However, they do not have any educational materials, and you should stay away from the company at all costs.

Afa Trader Funds Safety

Afa Trader does not guarantee any safety of funds, and you invest your money at your own risk. The safety of your money is always a top priority to consider, and any sort of opacity should prevent you from investing even a single dime. Afa Trader operates without any transparency on who is behind the company and they expose numerous red flags.

The company does not allow you to test its services since they do not have a demo account for you to familiarize with its style. You may end up purchasing tools that will not attract any sensible profits your way. There is no evidence of any successful transactions to prove you can swiftly transact funds. Afa Trader has no positive feedback from any customers.

Thus it only benefits the people behind the company, and they may be keeping money in personal accounts. The investment firm does not have banking data to affirm that your funds are indeed safe.

Deposit and withdrawals

Afa Trades minimum investment amount is €500. Consequently, they do not reveal any funding options that you can use. Thus if you still want to invest with a shady broker, you should go for the credit/debit. Through these methods, you get up to 540 days of chargeback period. On the other hand, wire transfer and cryptocurrency transactions are irreversible.

Afa Trader does not have any evidence of successful withdrawals made by customers. Also, they have a shady reputation, and the number of negative remarks exceeds the vice versa. Therefore, just like every other scammer, they will hold onto your funds for long as you wait for profits that will never approach. Afa Trader will expose you to high hidden fees when you withdraw your money.

Afa Trader Customer Support

The platform location address is in Arab. However, during our research. They do not correlate with the same information. They will hardly maintain any communications with you once they have your funds. In addition, you can contact them through telephone contact and email support that they provide.

There is no guarantee you will receive any response to your query. Working customer service creates a sense of trustworthiness between you and the company. Also, how Afa Trader maintains a customer-friendly interface is unknown and questionable.

Afa Trader Regulation 

Afa Trader is not under the radar of any legit regulator in the market. Accordingly, these regulated forex brokers showcase commendable transparency. You can easily find and verify the regulation documents that they provide. Unregulated companies can barely afford regulation fees, and they easily face bankruptcy.

Accordingly, without mandatorily agreeing to regulation policies, access to public funds is illegal. Afa Trader founders and a team of employees risk facing criminal charges and are the reason they hide similar data from customers. Unregulated brokers will break trade laws as they please, and you would not rely on such.

Final Verdict

Afa Trader does not avail any of its promises to traders, and they lack trade evidence to prove results. The trading world has high volatility, and they do not have risk measures to curb losses. Thus risk management measures such as stop-loss to take profit should prevent you from sudden market shifts.

Therefore you should invest with these forex brokers for rewarding trade experience. They operate with a lot of transparency, and you can rely on their tried and tested techniques for profits. You should avoid Afatrader.com at all costs, and inviting people into the company for commission-only exposes them to scam potentials.

 

Tags: Afa Trader Review, Afatrader.com Review