Licenses Scam Alert! Beware of the Unregulated AEFOREX

However, when you start to trade with it, you will find any trading information it claimed has been left out, and the fraud itself is unbelievable.

False company foundation year

AEFOREX introduces that it is a premium online Forex and CFD broker, starting its history in 2004. But domain check result shows it was exclusively created in 2021.

Suspicious regulations

The company claims that it is a top international forex broker with the full name AURORA EXPLORE PTY LTD. It provides a wide range of products including forex, precious metals, CFDs under the regulations of:

the Australian Securities and Investments Commission (ASIC, Regulatory No. 246250) , and;

the Saint Vincent And Grenadines (SVG FSA, Regulatory No. 25451).

First, we did find a record matched with the regulation No. 246250 on the ASIC Regitry. However, the regulation number actually belongs to a company named “AURORA ENERGY PTY LTD”, which has no connection with AEFOREX/AURORA EXPLORE PTY LTD. That means AEFOREX is using a false ASIC regulation.

On the other hand, we did not find any match results to the company name or the regulation number on SVG FSA Registry. Besides, SVG FSA does neither issue licenses for forex trading nor regulate brokers offering forex activities.