Score
AoFeng
Australia|5-10 years| http://www.afjrfx.com/index.aspx#index
Website
Rating Index
Contact
Licenses
Licensed Institution：C & L INTERNATIONAL PTY LTD
License No.：113784446
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
Australia
5-10 years Suspicious Regulatory License Suspicious Scope of Business Suspicious Overrun High potential riskUsers who viewed AoFeng also viewed..
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Website
afjrfx.com
Server Location
United States
Website Domain Name
afjrfx.com
Server IP
173.232.73.188
Company Summary
| Company Name | AoFeng |
| Founded | 2018 |
| Headquarters | Australia |
| Regulations | Suspected cloned regulations |
| Tradable Assets | Forex currency pairs, commodities, indices, cryptocurrencies |
| Account Types | Basic Account, Advanced Account, VIP Account |
| Minimum Deposit | $100 |
| Maximum Leverage | 1:200 |
| Spreads | Starting from 1 pips |
| Commission | No commission |
| Deposit Methods | Bank wire transfers, credit/debit cards, electronic payment systems |
| Trading Platforms | MetaTrader 4 (MT4) |
| Customer Support | Phone, email, live chat |
| Bonus Offerings | None |
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.
Pros and Cons
| Pros | Cons |
| / | 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.
Keywords
- 5-10 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- Suspicious Overrun
- High potential risk
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