Afex EU Review : Fees, Pros and Cons, Reviews by Real Traders

Afex EU

Operating status: SCAM

Website: https://www.afexeu.com/http://www.afexeu.ltd/

Broker violations and abnormal records

Mar 21, 2023 The UK regulator FCA added Afex EU to warning list
The UK Financial Conduct Authority (FCA) issued a warning against Afex EU on Mar 22, 2023, revealing that this broker might be providing financial services or products in the UK without authorization: https://www.fca.org.uk/news/warnings/afex-europe-limited-afex-eu

The UK Financial Conduct Authority (FCA) issued a warning against Afex EU on Mar 22, 2023, revealing that this broker might be providing financial services or products in the UK without authorization: https://www.fca.org.uk/news/warnings/afex-europe-limited-afex-eu
Mar 22, 2023 BrokersView has reviewed that Afex EU is an unregulated broker
Afex EU claims to be operated by AFEX Europe Limited and regulated by various authorities, such as the Financial Conduct Authority (FCA), the Federal Financial Supervisory Authority (BaFin), and Italian Companies and Exchange Commission (CONSOB).
However, our search for this broker in above-mentioned regulators' registries did not yield any matching results. That means what it claims is a false statement to unsuspecting investors. In addition, the FCA has issued a warning against Afex EU after finding this broker might be providing financial services or products in the UK without authorization.
The truth is, Afex EU is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws.
Therefore, Afex EU is a scam.

Afex EU claims to be operated by AFEX Europe Limited and regulated by various authorities, such as the Financial Conduct Authority (FCA), the Federal Financial Supervisory Authority (BaFin), and Italian Companies and Exchange Commission (CONSOB).However, our search for this broker in above-mentioned regulators' registries did not yield any matching results. That means what it claims is a false statement to unsuspecting investors. In addition, the FCA has issued a warning against Afex EU after finding this broker might be providing financial services or products in the UK without authorization.The truth is, Afex EU is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, Afex EU is a scam.
May 16, 2023 The Irish regulator CBI issued a warning against Afex EU
On May 17, 2023, the Central Bank of Ireland (CBI) issued a warning against Afex EU for operating as an investment firm in the absence of an appropriate authorization: https://www.centralbank.ie/news/article/warning-notice-central-bank-of-ireland-issues-warning-on-unauthorised-firm-afex-eu-17-may-2023

On May 17, 2023, the Central Bank of Ireland (CBI) issued a warning against Afex EU for operating as an investment firm in the absence of an appropriate authorization: https://www.centralbank.ie/news/article/warning-notice-central-bank-of-ireland-issues-warning-on-unauthorised-firm-afex-eu-17-may-2023
May 21, 2023 The German BaFin issued a warning against Afex EU
On May 22, 2023, the German Federal Financial Supervisory Authority (BaFin) warns consumers about the company Afex EU operating website afexeu.com that it is conducting banking business and providing financial services via this website without the required authorisation: https://www.bafin.de/SharedDocs/Veroeffentlichungen/EN/Verbrauchermitteilung/unerlaubte/2023/meldung_2023_05_12_afex_en.html

On May 22, 2023, the German Federal Financial Supervisory Authority (BaFin) warns consumers about the company Afex EU operating website afexeu.com that it is conducting banking business and providing financial services via this website without the required authorisation: https://www.bafin.de/SharedDocs/Veroeffentlichungen/EN/Verbrauchermitteilung/unerlaubte/2023/meldung_2023_05_12_afex_en.html
Jun 21, 2023 The CySEC issued a warning against Afex EU
On June 22, 2023, the Cyprus Securities and Exchange Commission (CySEC) added Afex EU to its warning list, stating it does not belong to an entity which has been granted an authorization for the provision of investment services and/or the performance of investment activities: https://www.cysec.gov.cy/CMSPages/GetFile.aspx?guid=674cc20c-98ee-459e-8c71-8938ac092fab

On June 22, 2023, the Cyprus Securities and Exchange Commission (CySEC) added Afex EU to its warning list, stating it does not belong to an entity which has been granted an authorization for the provision of investment services and/or the performance of investment activities: https://www.cysec.gov.cy/CMSPages/GetFile.aspx?guid=674cc20c-98ee-459e-8c71-8938ac092fab
Sep 03, 2023 The Spanish CNMV adds Afex EU to its warning list
On September 4, 2023, the Comisión Nacional del Mercado de Valores (CNMV) added Afex EU to its warning list for providing investment services without authorization. https://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&sortExpression=Fecha&sortDirection=1&page=0

On September 4, 2023, the Comisión Nacional del Mercado de Valores (CNMV) added Afex EU to its warning list for providing investment services without authorization. https://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&sortExpression=Fecha&sortDirection=1&page=0
Sep 27, 2023 The CONSOB orders to black out the websites of Afex EU
On September 28, 2023, the Italian Companies and Exchange Commission (CONSOB) ordered Afex EU's websites to be blacked out since it offers financial services illegally through these sites. https://www.consob.it/web/consob-and-its-activities/news-in-detail/-/asset_publisher/kcxlUuOyjO9x/content/press-release-of-28-september-2023/718268

On September 28, 2023, the Italian Companies and Exchange Commission (CONSOB) ordered Afex EU's websites to be blacked out since it offers financial services illegally through these sites. https://www.consob.it/web/consob-and-its-activities/news-in-detail/-/asset_publisher/kcxlUuOyjO9x/content/press-release-of-28-september-2023/718268
Jan 23, 2024 The OSC issues a warning against Afex EU
On January 24, 2024, the Ontario Securities Commission (OSC) issued a warning against Afex EU, stating that this broker is not registered in Ontario to engage in the business of trading in securities. https://www.osc.ca/en/investors/warnings/afexeu

On January 24, 2024, the Ontario Securities Commission (OSC) issued a warning against Afex EU, stating that this broker is not registered in Ontario to engage in the business of trading in securities. https://www.osc.ca/en/investors/warnings/afexeu

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