AitsFX Review

AitsFX Review by professional Forex trading experts the “” FX trading team, Finding out everything you need to know about the broker is in this AitsFX Review.

AitsFX Review

AitsFX practically offers just one type of account, called rather unimaginatively MetaTrader 4, probably after the trading platfrom. According to the brokers site, there should be another one, called, also rather unimaginatively “AITS FX Webtrader”, but it is not active. Either way, it is not a big loss, as it seems it offers the same trading conditions as the other one. There is also a demo account.

The broker offers trading in over 50 forex pairs, plus spot metals and energies and CFDs on indices.

The Company. Security of Funds

Company Country Regulation
AITSFX Ltd SVG None

AitsFX is a forex and CFD broker, which claims to be regulated in the offshore zone Saint Vincent and the Grenadines. This in practice does not mean much in terms of proper regulation. According to its site, however, the broker has also applied with UK’s Financial Conduct Authority (FCA) and “awaits further instruction from them”.

The broker is owned by AITSFX Ltd, a company registered in the UK as a company engaging in combined office administrative service activities, other software publishing and web portals, as per the country’s Companies House registry. Its director is listed as Andrew Ireland.

According to the broker’s site, it is an offshoot of the Andy Ireland’s Trade Safe online school, as featured in the Derby Telegraph.

Trading Platforms

Not surprisingly, AitsFX has chosen MetaTrader 4 (MT4) as a trading platform. It is a very well established and reliable platform with many features and almost all forex traders are familiar with it. It allows hedging and automated trading and has Expert Advisors, charting and technical analysis tools. MT4 is stable and user friendly, offers API connectivity, supports PAMM and MAMM functionality.

Methods of Payment

AitsFX accepts payments through a bank wire. Judging by the IBAN number of the account in the bank Santander, it is based the UK. Another deposit option is the Stripe online payment platform, which is usually used by online stores.

AitsFX is one of the many offshore unregulated brokers that exist on the fringes of the forex industry. Looking at its website, trading conditions and lack of regulation, one can’t help but wonder what is its real purpose. The most obvious guess is that it is likely a scam, but it does not seem it is trying too hard.

The lack of regulation, naturally, does not necessarily mean AitsFX is a scam, nor that it is illegal, but until it gets its FCA license, we suggest you find another broker. There are thousands upon thousands of them, regulated by FCA, the Cyprus Securities Investment Commision or other European regulators. Many are well regulated, are members of client fund protection schemes and keep their clients’ money in segregated accounts. They offer a wide range of assets and a ton of other bells and whistles.

The Broker is not a safe forex broker, Instead you can use Plus500, XM, eToro, Fxpro or AvaTrade forex brokers.

AitsFX Review Conclusion

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