Is AffluenceFX a scam? Broker Research by InfoFinance

InfoFinance discovered shady signs from the AffluenceFX stock exchange and wants to warn investors to be careful when trading with the exchange. Information in the article is obtained from FCA and Forexbrokers.com   

Is AffluenceFX a scam?

AffluenceFX advertises "minimum profits" in the tens of thousands of dollars and "98% daily wins" on its platform. You'll see in the screenshots below that this broker claims that their account allows traders to sit back and "watch your profit grow." These kinds of unbalanced claims are red flags and likely indicate you are dealing with a forex scam. Affluence FX also lacks substantial regulation and has been flagged on the FCA's warning list. We do not recommend opening an account with AffluenceFX.

Unauthorised firm details

• Name: AFFLUENCE FX LTD
• Address: Unit 3a, Chestnut House, Farm Close, Shenley, Radlett, UNITED KINGDOM, WD7 9AD
• 9110 Belvoir Woods, Pky Fort Belvoir, Virginia, UNITED STATES OF AMERICA, 22060
• 71-75 Shelton Street, Covent Garden, London, UNITED KINGDOM, WC2H 9JQ
• Email: [email protected]
• Website: www.affluencefxlt.com

Please note that, some firms may give incorrect contact details including postal addresses, telephone numbers and email addresses. They may change these contact details over time. They may also give you details that belong to another business or individual, so the information looks genuine.

What this means for you

These brokers or financial companies are not authorized to provide financial services in the UK. The FCA has issued a warning that these firms may be committing fraud. Investors should check with FCA in the UK or Infofinance in Vietnam to find your trusted one. A transaction with a properly licensed broker is the best way to ensure that it is in excellent hands and fully compliant with all the rules.

If you deal with this firm, you won't have access to the Financial Ombudsman Service if you have a complaint. You also won't be protected by the Financial Services Compensation Scheme (FSCS) if things go wrong. This means it's unlikely you'd get your money back if the firm goes out of business.

Invest safely with Info Finance

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