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Unregulated
Astrofx Trade has been making waves in the trading world because it advertises itself to be a brokerage firm, focusing on cryptocurrency and forex investment, registered in the United States and claims to have a good return on investing in this company. But, the question arises: is it really a legitimate broker? You’ll also come across with their ad claiming high profitability. In this review, we’ll briefly discuss Astrofx Trade, examining its regulation, safety features, and potential red flags to help you make an informed decision about whether it’s a safe or scam broker.
🏢 Headquarters | United States |
🗺️ Company Name | AstroFX Trade |
🗺️ Company Address | Level 34, Scott Square, Scott Street, 4268, New York, United States America |
🗺️ Website | https://astrofx-trade.com/ |
🗺️ Contact | support@astrofxtrade.com |
💻 Regulatory Status: | No Regulation |
🗺️ Type of License | No license |
💰 Should I trade with it | No (We don’t recommend) |
⭐ Scope of Business | Suspicious |
AstroFX Trade is a brokerage firm that deals with cryptocurrency and forex investments. It claims to be registered in the United States. However, Topforx believes it’s not regulated and gave it a low score of 1/10 based on five factors: Regulatory, License, Business, Risk Management, and Software indexes. While this doesn’t confirm it’s a forex scam, what definitively marks it as a scam broker will be revealed in the next section.
We don’t think you should open an account with Astrofx Trade because it’s not a trusted broker. It’s not regulated by a financial authority with strict rules. Astrofx Trade says traders start making money right away when they trade on their platform. They advertise “profitable plans” and a “very profitable” investment platform. They also talk about “Investment Plans” that promise a huge return on investment. But, they only give some details about the Starter Plan, where you can invest between $20 and $200 and make a 45% profit every day for a week.
These very high claims could mean it’s a forex scam. Astrofx Trade isn’t regulated and is on the FCA warning list.
Astrofx is in London, UK, at KEMP HOUSE 160 CITY ROAD.
No, it isn’t regulated by any strict financial authority.
To find a legit forex trader, you can ask for their RFED number. You can also check with the National Futures Association or the Commodity Futures Trading Commission.