AfexEU puts up a professional-looking website to induce people to sign up and trade on their platform. The broker operates from the web address AfexEU.com which has been around since March 2022 but with very few customer reviews or feedback since then.

AfexEU suggests that it’s a “multi-regulated broker”. It promises customers that their funds will be kept in ‘segregated accounts’ and that they will trade in a secure environment where deposits are guaranteed and withdrawals are super-fast. Afex EU supposedly offers tight spreads and zero commission. Who would not love such a broker?

Unfortunately we have a problem here. AfexEU is a deceptive broker and a scam. If you have lost your funds here, the best thing to do is to take this chance to schedule a free consultation meeting with a money recovery expert. It starts with you to kill these scams!

4 Reasons why AfexEU is a scam broker

Forget the sweet language of their telemarketers and the professional-looking website that promises ideal trading conditons. Afex EU is primarily looking for newbies in the Forex retail space. If they find you, they scam you.

AfexEU is not a regulated broker

Turns out that these guys are not regulated by any financial watchdog. Their website mentions that Afex EU is licensed by German’s BaFIN, Cyprus’ CySEC and Italy’s Consob. We cannot verify the authenticity of these licenses since Afex EU is a non-existent broker in the the regulators’ databases.

A warning by the UK’s FCA is in the picture

Just to add to the first point, AfexEU has been mentioned by the UK financial regulator as a risky broker with no authorization to operate in the United Kingdom. These details have been made obvious on the financial regulator’s website. These findings are proof that the broker has been using lies to try and gain some sort of legitimacy.

Broker writing their own reviews and ratings

The broker does not have a lot of consumer feedback. However, as we perused the internet, we caught a suspicious comment and it was confirmed by the forum moderators that the comment is coming from inside of the Afex EU offices. This is just another proof that the broker can’t be trusted no matter what.

AfexEU has no physical address on their website

It’s important for any broker to publish their physical address on their website. It builds trust and it shows that the broker has nothing to hide. This broker does not have a physical address and we therefore assume that they’re a virtual broker with no specific location. This brings us to the question of whether Afex EU is a registered company. If so, what’s the address of this company and where are they headquartered at?

Conclusion of the Afex EU broker review

With so many red flags, one can’t trust that this broker won’t steal their deposit. In fact, these are the kind of brokers that make withdrawal of your deposit an impossible affair. You can’t trust a broker that lies so much.

These points are definitely not exhaustive. If you have a bad experience with this scam, share it in the comment section.