AFXTrade

AFXTrade is a financial services entity registered in the United Kingdom, operating under the official domain atrade-fx.com. The company was founded on 25 January 2021, according to available records.

Its registered address is listed as 23 Crown Dale Upper Norwood, London, United Kingdom. However, FXCanary's verification process found no evidence that AFXTrade is authorised or regulated by any financial regulatory body, including the UK's Financial Conduct Authority (FCA) or any other recognised regulator. This absence of regulatory oversight is a significant concern for potential clients.

AFXTrade has no confirmed regulatory licences on file. The FCA register, which all UK-based financial firms must be listed on if they offer regulated activities, does not record AFXTrade as an authorised entity.

Without regulatory supervision, clients have no recourse to schemes such as the Financial Services Compensation Scheme (FSCS) or the Financial Ombudsman Service in the event of disputes or financial loss. This lack of protection is a material risk factor.

The entity lists its incorporation date as January 2021, placing it among relatively recent entries in the financial services sector. The registered address in Upper Norwood, London, appears to be a residential area, which is not uncommon for small or shell companies.

FXCanary's independent research found no publicly available information about the company's management team, operational history, or corporate structure beyond the bare registration details. This opacity further complicates due diligence.

FXCanary's proprietary Scam Risk Score for AFXTrade is 75 out of 100, classified as 'Severe'. This score reflects the complete lack of regulatory authorisation, limited public information, and the high risk of conducting business with an unmonitored entity.

The score is derived from multiple factors including regulatory status, age of company, and transparency of operations. A score in the severe range indicates that traders should exercise extreme caution and likely avoid any engagement with this broker.

Given the near-total absence of verifiable data from independent sources, AFXTrade presents a high-risk proposition for any trader. Without regulatory oversight, there are no guarantees that client funds are segregated or that trading practices are fair.

Traders are strongly advised to verify any firm's regulatory status directly with the relevant authorities before depositing funds. In the case of AFXTrade, the lack of any such authorisation should be a decisive factor against engagement.