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0 1 2 3 4 5 6 7 8 9
/10

BAAFX

United States United States | 5-10 years |
Suspicious Regulatory License | Suspicious Scope of Business | Vanuatu Retail Forex License Revoked | High potential risk

http://www.baafxpro.com/

Website

Rating Index

Contact

4006889958
cs@baafx.com
http://www.baafxpro.com/
Licenses

Licensed Entity:BAA TRADING SERVICES LIMITED

License No. 40174

Warning: Low score, please stay away!
  • It has been verified that this broker currently has no valid forex regulation. Please be aware of the risk!
4

Basic Information

Registered Region
United States United States
Operating Period
5-10 years
Company Name
BAA TRADING SERVICES LIMITED
Customer Service Email Address
cs@baafx.com
Contact Number
4006889958
Company Website
Website
Genealogy
Relevant Enterprises
Employees
Company Summary
Comment

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Official website

Website

  • United States baafxpro.com
    23.234.27.33
  • United States baafx.com
    47.88.105.249

Genealogy

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Relevant Enterprises

BAA TRADING SERVICES LIMITED(New York (United States))
United States
BAA TRADING SERVICES LIMITED(New York (United States))
Active
United States
Registration No.
5041814
Established
BAA TRADING SERVICES LIMITED(Hong Kong)
Hong Kong
BAA TRADING SERVICES LIMITED(Hong Kong)
Active
Hong Kong
Registration No.
--
Established
Employees

Company Summary

Note: BAAFX's official website: http://www.baafxpro.com/ is currently inaccessible normally.

BAAFX Information

BAAFX is an unregulated brokerage company whose server is only located in China. The company offers the MetaTrader 4 (MT4) and MetaTrader 5(MT5) platforms for trading.

BAAFX Information

Is BAAFX Legit?

Is BAAFX Legit?
Vanuatu Financial Services Commission
Current StatusRevoked
Regulated byVanuatu
License TypeRetail Forex License
License No.40174
Licensed InstitutionNot available

BAAFX claims regulation by theVanuatu Financial Services Commission(VFSC). However, according to it, BAAFX's current status is “Revoked.”

Is BAAFX Legit?

The unregulated broker may pose your funds at risk of not withdrawing. It suggests to have more study about this broker and ask for professional advice before dealing, which could helpful to your funds security.

Downsides of BAAFX

  • Unavailable Website

BAAFX's official website is currently inaccessible, which makes traders worry about the safety of funds.

  • Lack of Transparency

There is a noteworthy lack of information about BAAFX available online. It is difficult for traders to do wise decisions because of the lack of transparency.

  • Regulatory Concerns

BAAFX is not regulated. It may be fraud, such as misappropriation of client funds, thus resulting in the loss of trader's funds. What's more, the lack of transparency may lead to inability to get money back eventually.

Negative BAAFX Reviews on WikiFX

On WikiFX, “Exposure” is posted as a word of mouth received from users.

Traders are encouraged to review information and assess risks before trading on unregulated platforms. Please consult our platform for related details. Report fraudulent brokers in our Exposure section and our team will work to resolve any issues you encounter.

Negative BAAFX Reviews on WikiFX

As of now, there is only one exposure in total.

Exposure1. Cannot withdraw

ClassificationUnable to Withdraw
Date2022-12-08
Post CountryUnited States

The user said that he was unable to withdraw. You may visit: https://www.wikifx.com/en/comments/detail/Co202212085391616177.html

Conclusion

BAAFX may cause high risks for traders. The company claims regulation by the Vanuatu Financial Services Commission (VFSC), but their license has been revoked. Their website is currently unavailable, and there's very little information about them online. One user review on WikiFX said he was unable to withdraw funds. Based on this information, it's strongly recommended to avoid BAAFX and choose a regulated broker.

Keywords

  • 5-10 years
  • Suspicious Regulatory License
  • Suspicious Scope of Business
  • Vanuatu Retail Forex License Revoked
  • High potential risk
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