Investors should exercise caution while using Air FX as it is an unlicensed forex broker that functions without the supervision of a credible regulatory organization. Furthermore, the company’s legitimacy is further questioned by the fact that it is registered in the offshore jurisdiction of Saint Lucia.
We strongly advise against investing your hard-earned money with this untrustworthy broker in light of these worries. To guarantee the safety and security of your assets, it’s imperative that you select a broker who is overseen and regulated by a respectable organization.
Above all, Saint Lucia, which is frequently referred to as an offshore haven, is the offshore area in which Air FX operates. Because of their lax restrictions, these jurisdictions often draw organizations with dubious motivations.
A trustworthy forex broker must have a valid forex license from a reputable financial hub, even if many respectable brokers also register in these jurisdictions to benefit from reduced taxes and less stringent regulatory standards.
Therefore, it is highly recommended that you refrain from giving your capital to businesses such as Air FX in order to protect your hard-earned money. Rather, make your investments with a forex broker that is well-known for being reputable and legitimate.
HOW DO THEY WORK
We were unable to access the trading software of the company at this time. We attempted to register but were notified that “This service is disabled now,” which raises questions about how trustworthy their offerings are.
It’s critical to keep in mind that trustworthy brokers constantly offer solid trading software and trustworthy assistance.
Therefore, we advise taking a different tack and choosing reputable brokers who provide MetaTrader (MT) platforms that are widely used in the business. Selecting a reputable and well-established broker will guarantee a smooth trading process and efficient investment security.
To begin trading with Air FX, a $250 minimum deposit may seem like a fair amount. Nevertheless, it is advised against making any deposits with the broker due to their unreliable services and lack of a valid forex license.
As per the details on their website, Air FX takes several payment options, such as wire transfers, cryptocurrencies, and credit and debit cards (Visa and Mastercard). We are still dubious of these options’ veracity, though, as we were unable to confirm them on their real platform.
Additionally, the company states that it provides a broad selection of financial instruments in several asset classes, such as equities, commodities, metals, Forex, cryptocurrencies, and indexes. We were unable to confirm these services on their platform, though, which casts doubt on the veracity of their assertions.
The website of Air FX does not list any fees related to withdrawals. “Once approved by our financial department, funds should arrive in your wallet within an hour or less, depending on blockchain traffic,” is the only pertinent information that has been supplied. This says that there might be differences in the speed of money transfers, especially when withdrawing cryptocurrencies, but it doesn’t say if there are costs associated with it.
HOW TO GET YOUR MONEY BACK
Recovering money from scammers can be challenging, but here are some steps you can take:
Gather Evidence: Collect all relevant documents, emails, receipts, and any communication with the scammer.
Contact Your Bank or Credit Card Company: If you paid using a credit card or bank transfer, report the scam to your financial institution. They may be able to reverse the transaction or provide guidance on next steps.
File a Complaint: Report the scam to relevant authorities such as the Federal Trade Commission (FTC), Consumer Financial Protection Bureau (CFPB), or your local law enforcement agency.
Notify the Platform: If the scam occurred on a specific platform (e.g., social media, online marketplace), report it to the platform’s support or abuse team.
Seek Legal Advice: Consider consulting with a lawyer who specializes in fraud or consumer protection to explore legal options.
Be Wary of Recovery Scams: Avoid falling for secondary scams promising to recover your lost funds. These are often scams themselves.
Remember, prevention is key. Be cautious when sharing personal or financial information online and always verify the legitimacy of offers or requests before proceeding.