Auto FX Trade

Auto FX Trade is a broker registered in the United States, established on November 15, 2022, with a registered address in Coffeyville, Massachusetts. The broker operates under the domain autofxtrade.net.

Our review found that Auto FX Trade does not hold any regulatory licences from any known financial authority. This absence of regulation is a significant red flag for any trader considering depositing funds, as there is no independent oversight or investor protection mechanism in place.

Auto FX Trade offers a range of account packages with extremely high minimum deposit requirements, starting from $10,000 for the WEEKLY-GOLD PACKAGE up to $5,000,000 for the MONTHLY-VIP TRADING PLAN. There are eight distinct account tiers, all with no published leverage information.

These deposit levels are far above industry norms for retail forex brokers, even for premium accounts. The lack of transparency regarding leverage makes it impossible for traders to assess the risk or suitability of these accounts.

According to the known facts, Auto FX Trade does not disclose any specific tradable instruments such as forex pairs, commodities, indices, or cryptocurrencies. Additionally, no information is available regarding the trading platforms offered.

This complete lack of detail about trading conditions suggests that the broker may not offer a genuine trading environment, or it may be operating as a different type of financial service.

Auto FX Trade was founded relatively recently in late 2022 and is registered in the United States. However, the registered address in Coffeyville, Massachusetts, is not a typical financial hub, and no further corporate information such as registered agents or company filings are readily available.

Without a verifiable track record or established reputation, the broker's legitimacy remains unclear. Traders should exercise extreme caution when dealing with newly formed entities with no regulatory oversight.

FXCanary's proprietary Scam Risk Score for Auto FX Trade is 49 out of 100, placing it in the 'Guarded' zone. This score reflects the high-risk factors including lack of regulation, very high minimum deposits, and absence of transparent trading information.

While this score does not confirm a scam, it strongly suggests that the broker should be approached with scepticism. We advise traders to seek fully regulated alternatives with clear trading terms and investor compensation schemes.