No Regulation

Score

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/10

AAAFx INTERNATIONAL

Saint Vincent and the Grenadines

|

10-15 years

Suspicious Regulatory License|

Medium potential risk

https://international.aaafx.com/?Lang=en-US

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Influence

A

Influence Index NO.1

Egypt 4.67

Better than 98.68% exchange(s)

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No effective regulatory information has been founded yet, please pay attention to the risks!

Exchange Info

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Company Name
AAAFx INTERNATIONAL
Phone of the company
(+30) 213-0117-498
(+7) 499-9187379
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Customer Service Email Address
customercare@aaafx-international.com

WikiBit Risk Alerts

1
Previous Detection 2024-11-21

It has been verified that this Exchange currently has no valid regulation, please be aware of the risk!

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Time Machine

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User Reviews

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1 ratings

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favour 687
This is one of the best for trading crypto currency
2023-11-26 15:56
4
Registered Country/AreaSaint Vincent and the Grenadines
Founded Year2008
Regulatory AuthorityNot Regulated
Numbers of Cryptocurrencies Available6
Payment MethodsBank wire transfer, credit/debit cards, e-wallets
Customer Supportemail and phone call

Overview of AAAFx INTERNATIONAL

AAAFx INTERNATIONAL is a cryptocurrency trading platform established in 2008, with its registration in Saint Vincent and the Grenadines. Despite its years of operation, the platform remains unregulated by any major financial authority.

Offering a modest range of six cryptocurrencies, the platform caters to both novice and experienced traders looking to diversify their crypto portfolios. In terms of transactional flexibility, AAAFx INTERNATIONAL supports a variety of payment methods, including traditional bank wire transfers, credit/debit card transactions, and e-wallets, making it convenient for users to fund their accounts or process withdrawals.

To assist its users and address potential queries, AAAFx INTERNATIONAL provides customer support through both email(customercare@aaafx-international.com) and phone call channels((+30) 213-0117-498/(+7) 499-9187379).

Pros and Cons

Pros and Cons
ProsCons
Wide Range Of Payment Methods ProvidedLack of Transparency on Information
Cutsomer Support Available via Email and Phone CallsNot Regulated
Limited Cryptocurrencies Provided

Pros:

  • Wide Range Of Payment Methods Provided: AAAFx INTERNATIONAL offers multiple payment methods, including bank wire transfers, credit/debit card transactions, and e-wallets, ensuring that users have a variety of options for both deposits and withdrawals.
  • Customer Support Available via Email and Phone Calls: In the event of queries or issues, AAAFx INTERNATIONAL provides assistance to its users through both email and phone call channels, ensuring that they can readily access support when needed.

Cons:

  • Lack of Transparency on Information: With limited information available regarding fees and other crucial aspects of trading on the platform, potential users may face challenges in making informed decisions.
  • Not Regulated: The platform operates without regulatory oversight. This unregulated status poses potential risks for users as there's no governing body ensuring the platform's compliance with standard financial and trading practices.
  • Limited Cryptocurrencies Provided: With only six cryptocurrencies available for trading, AAAFx INTERNATIONAL offers a relatively narrow range for users looking to diversify their portfolios or explore a broader spectrum of the crypto market.

Regulatory Authority

Regulation:

  • AAAFx INTERNATIONAL, despite being an experienced exchange since its foundation in 2008, remains unregulated. Operating without the oversight of a regulatory authority can be concerning for many potential users.
  • The lack of regulation for AAAFx INTERNATIONAL means that the exchange does not undergo periodic audits, assessments, or scrutiny by a governing body to check for compliance with international financial standards.

Potential Risks:

  • Potential for Fraud or Misconduct: Though not indicative of AAAFx INTERNATIONAL's behavior, unregulated platforms generally possess a higher risk of fraudulent activity or misconduct.
  • Data and Privacy Concerns: Users' personal and financial data might be at risk if the platform lacks robust cybersecurity measures. Regulatory standards often dictate the level of security measures that platforms must maintain.
Unregulated

Security

  • AAAFx INTERNATIONAL employs a range of measures to protect users. These include two-factor authentication (2FA), cold storage of funds, encryption protocols, and regular security audits.
  • While AAAFx INTERNATIONAL has been in the market for a long time, potential users should approach with caution due to its unregulated status. It's always advisable to conduct thorough research and understand the risks associated before making any investment or trading decisions.

Cryptocurrencies Available

AAAFx INTERNATIONAL, with access to only 6 different cryptocurrencies, presents a limitation in today's rapidly evolving cryptocurrency market. With many exchanges offering access to a broad spectrum of cryptocurrencies, ranging from well-known ones like Bitcoin and Ethereum to a plethora of altcoins, AAAFx INTERNATIONAL might seem lacking in comparison. This limited range can place the exchange at a comparative disadvantage in a fiercely competitive market.

How to Open an Account?

The registration process for AAAFx INTERNATIONAL consists of the following six steps:

  • Visit the AAAFx INTERNATIONAL website and click on the “Sign Up” button.
  • Fill in the required personal information, such as your name, email address, and phone number.
  • Create a unique username and password for your account.
  • Provide additional details, including your address and date of birth, to complete the registration form.
  • Agree to the terms and conditions of the exchange and verify your email address by clicking on the verification link sent to your registered email.
  • Once your email is verified, your account will be created, and you can start using AAAFx INTERNATIONAL for cryptocurrency trading.

Payment Methods

AAAFx INTERNATIONAL accepts multiple payment methods, including bank wire transfer, credit/debit cards, and e-wallets. The processing time for each payment method may vary, depending on the specific payment provider and the customer's location. It is recommended for customers to check with AAAFx INTERNATIONAL or their chosen payment provider for more detailed information on processing times.

Payment Methods

Fees

Transparency is a pivotal aspect of any financial platform, especially when it comes to understanding the fees associated with transactions. For users of AAAFx INTERNATIONAL, the lack of clarity surrounding their fee structure raises concerns. Not presenting their fees on official resources can be seen as a significant oversight for a platform that deals with financial transactions.

The potential risks associated with unknown fees cannot be understated. Users could be subject to high or variable fees that they weren't expecting, which can lead to frustration and reduced trust in the platform.

Fees

FAQs

Q: What payment methods does AAAFx INTERNATIONAL accept?

A: AAAFx INTERNATIONAL accepts various payment methods, including bank wire transfer, credit/debit cards, and e-wallets, offering customers flexibility and convenience when depositing or withdrawing funds.

Q: What customer support does AAAFx INTERNATIONAL offer?

A: AAAFx INTERNATIONAL provides customer support through email and phone calls. Email: customercare@aaafx-international.com. Phone Numbers: (+30) 213-0117-498/(+7) 499-9187379.

Q: Is AAAFx INTERNATIONAL a regulated exchange?

A: No, currently it is not regulated by any external authority.