Risk scorecard
Each area is scored 0 (clean) to 10 (worst). Higher means more risk.
Regulation
7/10 · HighOnly licence named is an unconfirmed offshore MISA licence; client documents also claim a Greek HCMC authorisation that belongs to another company.
Identity & transparency
8/10 · CriticalOwners unnamed since January 2026; the privacy policy uses Sikhula Venture Capital's South African registration number; registered at a shared post box in Mohéli.
Withdrawals & conduct
6/10 · High13 Trustpilot reviews report unpaid profits or deposits, mostly July to September 2025; later delays drew replies saying the money was paid.
Reputation
5/10 · ModerateTrustpilot 4.5 from 273 reviews with 12% one-star; no regulator warning names AAAFx or aaafx.com.
Website claims
8/10 · CriticalSite presents the former owner's history (Est. 2007, over a decade) as its own; documents claim an HCMC authorisation the company lacks.
Operational history
6/10 · HighBrand domain dates from 2009, but the operating company quotes a 2025 licence number and the owners changed in January 2026.
Who they are
A quick desk file on the company behind the brand.
- Brand: AAAFx, also written Triple A FX on its own pages.
- Legal entity: AAAFx Global Ltd, registration number HT00725072, named in the website imprint and the client agreement.
- Registered: P.B. 1257 Bonovo Road, Fomboni, Mohéli, Comoros. DuraMarkets Ltd, another MISA-licensed broker, uses the same post box address.
- Owners: Not named. A press release in Finvasia's name says the AAAFx brand has had independent ownership since January 2026.
- Website: aaafx.com/global, with client portals at app.aaafx.com and my.aaafx.com.
- Licence claimed: MISA licence BFX2025097 from Mohéli, Comoros, not confirmed on the MISA register.
- Offers: CFDs (contracts that pay out on price moves without owning the asset) on forex, indices, commodities and crypto, through MT4, MT5 and ActTrader.
- Leverage and bonus: Leverage (borrowed trading power) of up to 500 times the deposit, and a 100% deposit bonus of up to $40,000.
- Not accepted: Residents of the United States, Turkey, India, Russia and about 20 other countries, according to the site. The sign-up form still lists the United States.
- Age claim: Est. 2007 and 19 years of experience. The domain aaafx.com was registered on 1 February 2009, and AAAFx Global Ltd quotes a MISA licence number from the 2025 series.
Regulation
Who really oversees this broker, and what each licence is worth to you.
Proof of regulation on an official register: No
We could not confirm this broker on any genuine regulator’s register.
Licences the broker publishes
Mwali International Services Authority (MISA), Mohéli, Comoros
Hellenic Capital Market Commission (HCMC), Greece
Why we reached this verdict
How the evidence adds up.
We rate AAAFx at 70% because its client documents claim a Greek authorisation and a company number that belong to other firms.
- A Greek authorisation AAAFx Global Ltd does not hold. The privacy policy on the app.aaafx.com sign-up form says AAAFx Global Ltd is authorised by the Hellenic Capital Market Commission (HCMC), Greece's regulator. The privacy policy cites MiFID, the EU rulebook for investment firms. A company registered in the Comoros cannot hold a Greek MiFID authorisation.
- The HCMC licence belongs to the former owner. HCMC licence 2/540/17.2.2010 is the licence of Triple A Experts Investment Services S.A., the Greek company that owned the AAAFx brand until January 2026. The ZuluTrade website names HCMC licence 2/540/17.2.2010 for its own service.
- Another company's registration number. The same privacy policy gives AAAFx Global Ltd the registration number 2017/315029/07. The FSCA register and the GLEIF company register show 2017/315029/07 is the number of Sikhula Venture Capital (Pty) Ltd, a South African company.
- Old documents still online. The privacy policy file dates from 17 December 2025, and AAAFx still published the file in November 2026. Older files on aaafx.com still name Sikhula Venture Capital as the marketer of aaafx.com/global, under FSCA licence 49299.
- An offshore licence we could not confirm. The only licence AAAFx Global Ltd names is MISA licence BFX2025097. MISA, the Mwali International Services Authority, licenses companies on the island of Mohéli in the Comoros. We could not confirm licence BFX2025097 on the MISA register. ForexBrokersInfo reported that MISA's published brokerage list did not show BFX2025097 on 7 September 2026.
- New owners nobody names. A press release in the name of Finvasia, the former owner, says the AAAFx brand has had independent ownership since January 2026. AAAFx names no buyer, owner or director.
- Borrowed history. The website says Est. 2007, claims 19 years of experience and says client money has sat in segregated accounts for over a decade. Segregated accounts are bank accounts kept apart from the broker's own money. AAAFx Global Ltd quotes a MISA licence number from the 2025 series.
- Withdrawal complaints. 13 Trustpilot reviews, most from July to September 2025, say profits or deposits were not paid. 9 of the 13 reviews appeared on 16 and 17 September 2025. Most complaints come from 1 platform, so the pattern is only partly confirmed.
- Age figure is an upper bound. The domain aaafx.com dates from 1 February 2009, but no public registry gives the incorporation date of AAAFx Global Ltd. The track-record figure rests on the domain alone and overstates the age of the company that holds client money today.
- No regulator warning. IOSCO's I-SCAN warning database and the UK FCA register show no warning about AAAFx or aaafx.com.
Evidence ledger
Every finding, with its source and how strongly it points.
E1The privacy policy linked from the app.aaafx.com sign-up form names AAAFx Global Ltd with registration number 2017/315029/07 and says the company is authorised and regulated by Greece's HCMC under MiFID. The file was created on 17 December 2025.
E2The FSCA register lists FSP 49299 as Sikhula Venture Capital (Pty) Ltd, registration number 2017/315029/07, first authorised on 8 May 2018. The registration number in the AAAFx privacy policy belongs to a different company. The register is searched by FSP number.
Hard proofFSCA FAIS registerE3The GLEIF register records SIKHULA VENTURE CAPITAL, a South African private company created on 17 July 2017, as registered under 2017/315029/07 with the Companies and Intellectual Property Commission.
StrongGLEIF LEI registerE4A press release dated 24 March 2026, in Finvasia's name, says the AAAFx brand and aaafx.com have had independent ownership since January 2026 and no longer belong to Triple A Experts or the Finvasia Group. The press release names no buyer.
ModerateIssueWire press releaseE5The ZuluTrade website says the ZuluTrade service is regulated by the HCMC under licence 2/540/17.2.2010, the licence long quoted for Triple A Experts Investment Services S.A. The HCMC authorisation stays with the former owner's group, not with AAAFx Global Ltd.
ModerateZuluTrade websiteE6The aaafx.com/global homepage says Est. 2007, 19 years of industry experience and client funds in segregated accounts for over a decade. The homepage names AAAFx Global Ltd, registration HT00725072, registered in the Comoros Union under licence BFX2025097.
ModerateAAAFx websiteE7The client agreement makes AAAFx Global Ltd the contracting company under Comoros law and Comoros courts. The client agreement leaves the country of incorporation blank and says Triple A Experts Investment Services S.A. powers the trading platform.
ModerateAAAFx client agreementE8Older files still on aaafx.com, including the deposit bonus terms, say Sikhula Venture Capital (Pty) Ltd markets aaafx.com/global under FSCA licence 49299. The current site pages do not link to the older files.
ModerateAAAFx legacy bonus termsE9We could not confirm MISA licence BFX2025097 on the MISA register. ForexBrokersInfo reported that on 7 September 2026 MISA's published brokerage list did not show AAAFx Global Ltd or BFX2025097.
WeakForexBrokersInfoE10The .com registry records aaafx.com as registered on 1 February 2009, with the last change on 6 February 2026, shortly after the change of ownership.
ModerateVerisign RDAPE11The Internet Archive holds copies of aaafx.com from June 2009, so the AAAFx brand has a long public history.
WeakInternet ArchiveE12Trustpilot shows 273 reviews and a 4.5 score, with 12% one-star. 13 one-star and two-star reviews say profits or deposits were not paid. 9 of the 13 reviews appeared on 16 and 17 September 2025.
ModerateTrustpilotE13AAAFx has replied to 60% of negative Trustpilot reviews. In 2026 replies, AAAFx says delayed withdrawals were paid, including one of $11,465.29.
ModerateTrustpilotE14IOSCO's I-SCAN database, which collects warnings from securities regulators worldwide, returns no warning for aaafx.
ModerateIOSCO I-SCANE15The UK FCA register returns no firm and no warning for aaafx.
WeakFCA registerE16A name search of the FSCA register returns no financial services provider named AAAFx.
E17The sign-up form at app.aaafx.com lists the United States as a country of residence, although the website says AAAFx does not serve US residents. AAAFx gives a New York number, +1 917 779 8713, in Trustpilot replies.
ModerateAAAFx sign-up formE18The deposit bonus page offers a 100% bonus of up to $40,000, leverage of up to 200 times and crypto funding. The AAAFx bonus policy says the bonus itself cannot be withdrawn.
E19The AAAFx registered address, P.B. 1257 Bonovo Road, Fomboni, is also the registered address of DuraMarkets Ltd, another MISA-licensed broker. The Bonovo Road post box is a shared registered address.
E20The ESMA sanctions list, as republished by OpenSanctions, records an HCMC measure under MiFID dated 1 August 2013 against Triple A Experts Investment Services Single Member S.A., the former owner of the AAAFx brand.
The other side
The strongest case in this broker’s favour.
AAAFx is a real, working broker, and the document errors may come from careless copying rather than a plan to deceive clients.
- The AAAFx brand has run on aaafx.com since 2009, and the brand changed hands as a working business.
- The HCMC line and the South African number probably came from old templates, used when Triple A Experts and Sikhula Venture Capital served AAAFx clients.
- Many Trustpilot reviewers report fast withdrawals. AAAFx has replied to 60% of negative Trustpilot reviews, and in November 2026 AAAFx said a client's withdrawal of $11,465.29 was processed.
- The September 2025 complaint wave arrived within 2 days, and several posts describe a friend's account. One reviewer later added that $90,000 was paid out.
- AAAFx Global Ltd prints its MISA licence number and company number on every page, so clients can test both claims.
- No regulator warning names aaafx.com or AAAFx Global Ltd.
What would change this
What we would need to see to revise the verdict.
Clear, checkable corrections would lower the risk score, and new withdrawal refusals would raise the score.
- AAAFx removes the HCMC claim and registration number 2017/315029/07 from its client documents.
- The MISA register shows AAAFx Global Ltd with licence BFX2025097 on a public page.
- AAAFx names its owners and directors and publishes the incorporation date of AAAFx Global Ltd.
- AAAFx Global Ltd gains a licence from a regulator with real supervision, such as the FSCA in South Africa or CySEC in Cyprus.
- Clients on several review platforms report on-time withdrawals for at least 6 months.
- A regulator warning naming aaafx.com, or new reports of refused withdrawals, would raise the risk further.
Check it yourself
Official registers and warning lists. Verify every claim first-hand.
AAAFx Global website
The broker's own site, showing its Comoros licence claim and company number.
AAAFx client agreement
Names AAAFx Global Ltd as the company you sign with, under Comoros law.
AAAFx client-portal privacy policy
Contains the HCMC claim and registration number 2017/315029/07.
GLEIF record for Sikhula Venture Capital
Shows registration number 2017/315029/07 belongs to Sikhula Venture Capital, South Africa.
Finvasia exit announcement
Says AAAFx has had independent ownership since January 2026.
IOSCO I-SCAN search for aaafx
Global regulator warning database; no warning matches aaafx.
Trustpilot reviews of aaafx.com
Client reviews, including the 2025 withdrawal complaints.
Frequently asked questions
Quick answers about this broker’s safety.
Is AAAFx a scam?
We rate AAAFx a high scam risk, at 70%. Its client documents claim a Greek HCMC authorisation that AAAFx Global Ltd does not hold. The same documents give a South African company's registration number as AAAFx Global Ltd's own. The only licence named, MISA licence BFX2025097, is offshore and we could not confirm the licence on the MISA register.
Is AAAFx a fraud?
We found no regulator or court finding of fraud against AAAFx Global Ltd, and no regulator warning names aaafx.com. We still assess the risk of fraud as high. AAAFx Global Ltd misstates its regulation, uses another company's registration number and does not name its owners.
Is AAAFx regulated?
AAAFx Global Ltd names one licence: MISA licence BFX2025097 from the island of Mohéli in the Comoros. We could not confirm licence BFX2025097 on the MISA register. The FSCA register lists no provider named AAAFx, and the Greek HCMC authorisation in AAAFx documents belongs to Triple A Experts.
Who owns AAAFx now?
AAAFx does not name its owners or directors. A press release in Finvasia's name, dated 24 March 2026, says the brand and aaafx.com have had independent ownership since January 2026. The press release does not name the buyer or the price.
Is AAAFx still run by Triple A Experts in Greece?
No. Triple A Experts Investment Services S.A. owned the AAAFx brand until January 2026, according to the Finvasia press release. Clients of aaafx.com now sign with AAAFx Global Ltd, a company registered in the Comoros. The Greek HCMC licence 2/540/17.2.2010 does not cover AAAFx Global Ltd.
What is Sikhula Venture Capital and why does its number appear in AAAFx documents?
Sikhula Venture Capital (Pty) Ltd is a South African company with FSCA licence 49299 and registration number 2017/315029/07. Older AAAFx files say Sikhula Venture Capital marketed aaafx.com/global. The current AAAFx privacy policy wrongly gives the Sikhula registration number to AAAFx Global Ltd.
Can I withdraw my money from AAAFx?
Many Trustpilot reviewers report paid withdrawals, and AAAFx has replied to 60% of negative reviews. 13 reviews say profits or deposits were not paid, mostly from July to September 2025. In 2026, several clients reported delays that AAAFx says it later paid.
Is my money safe with AAAFx?
Your money has little protection. A MISA licence comes with no investor compensation scheme, and the AAAFx client agreement sends disputes to the courts of the Comoros. Crypto deposits usually cannot be reversed by a bank.
What is MISA and what is a MISA licence worth?
MISA, the Mwali International Services Authority, licenses companies on the island of Mohéli in the Comoros. A MISA licence gives far less protection than a licence from an EU, UK or South African regulator. MISA offers no compensation scheme for clients of a failed broker.
How old is AAAFx?
The AAAFx brand is old: the domain aaafx.com was registered on 1 February 2009. The company that runs the brand today, AAAFx Global Ltd, quotes a MISA licence number from the 2025 series. The owners changed in January 2026.
Is AAAFx a clone of another broker?
No. aaafx.com is the original AAAFx website, and the brand was sold, not copied. A different company, AAFX Trading at aafxtrading.com, has a similar name. Findings about AAFX Trading do not apply to AAAFx.
Does AAAFx accept clients from the United States?
The AAAFx website says AAAFx does not serve US residents. The sign-up form at app.aaafx.com still lists the United States as a country of residence. AAAFx also gives a New York phone number, +1 917 779 8713, in its Trustpilot replies.
What should I check before depositing with AAAFx?
Check which company signs the client agreement, and search the MISA register for licence BFX2025097. Read the bonus terms, because the bonus itself cannot be withdrawn. Start small and test a withdrawal before you add more money.
What should I do if AAAFx does not pay my withdrawal?
Complain in writing to contactus@aaafx.com and keep every message and ticket number. If AAAFx does not resolve the complaint, report AAAFx to MISA and to the financial regulator in your country. For card or bank deposits, ask your bank about a chargeback, which is a request to reverse the payment.
What we recommend
The practical takeaway from everything above.
Do not deposit with AAAFx until the company corrects its documents and you can check its MISA licence yourself.
- Before you register, read the client agreement and the privacy policy, and note which company you sign with.
- Search the MISA register at mwaliregistrar.com for licence BFX2025097 before you send money.
- Skip the deposit bonus. The AAAFx bonus is credit you cannot withdraw, and AAAFx can cut the bonus if you withdraw part of your deposit.
- If you already trade with AAAFx, withdraw profits often and keep statements, ticket numbers and emails.
- Crypto deposits usually cannot be reversed. For card or bank deposits, a chargeback, which is a request to your bank to reverse the payment, may be possible.
- If AAAFx refuses a withdrawal, complain in writing to contactus@aaafx.com, then report AAAFx to MISA and to the financial regulator in your country.
- Ignore anyone who offers to recover lost money for an upfront fee.
This is an independent assessment of risk, not a legal ruling. Scores and verdicts follow the Wikilix broker-safety methodology and can change as new evidence appears. Review scores are treated with caution when a broker’s reviews look manipulated. Last reviewed November 11, 2026. If any detail here is out of date or incorrect, or you represent this broker, please contact us.
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