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/10

BAAFX

United States United States | 5-10 years |
Questionable Regulatory License | Suspicious Operational Region | Vanuatu Forex Trading License (EP) Revoked | High Potential Risk

http://www.baafxpro.com/

Website

Rating Index

Contact

4006889958
http://www.baafxpro.com/

license Forex License

risk

No forex trading license found. Please be aware of the risks.

Warning: Low score, please stay away!
  • This broker lacks valid forex regulation. Please be aware of the risk!
3

Basic Information

Registered Region
United States
Operating Period
5-10 years
Company Name
BAA TRADING SERVICES LIMITED
Email
cs@baafx.com
Contact Number
4006889958
Verified Site
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Employees
About Us
Wiki Q&A
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Official Website

Verified Site

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

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BAAFX

Related Companies

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

Company Profile

Company Profile

Review 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.

Company Profile

  • 5-10 years
  • Questionable Regulatory License
  • Suspicious Operational Region
  • Vanuatu Forex Trading License (EP) Revoked
  • High Potential Risk

Wiki Q&A

Is it risky to trade with BAAFX?

Yes, trading with BAAFX is considered high-risk. The broker is an unregulated entity operating with a suspicious business scope and holds no valid, active financial licenses. A previously held license from Vanuatu's VFSC has been revoked. Client funds are outside established protection schemes, and its public profile lacks standard transactional disclosures like minimum deposit requirements.

04-02
United States

Which regulator oversees BAAFX?

BAAFX currently operates without the oversight of a recognized financial market regulator. Its profile indicates a complete absence of valid, active regulatory licenses. The firm previously held a Forex Trading License (40174) from the Vanuatu Financial Services Commission (VFSC), but that license has since been revoked.

04-02
United States

Where is BAAFX registered?

BAAFX is registered as BAA TRADING SERVICES LIMITED in the United States. It has an operational history estimated at 5-10 years. The entity's specific registration does not equate to financial market oversight, as it lacks authorization from U.S. regulatory bodies like the CFTC or NFA.

04-02
United States

Bagaimana cara membandingkan broker secara efektif?

Untuk membandingkan broker secara efektif, investor dapat menilai status regulasi, skor keseluruhan, lingkungan trading, kondisi akun, dan umpan balik pengguna. Disarankan memprioritaskan informasi lisensi dan regulator terlebih dahulu, kemudian membandingkan indikator seperti spread, kecepatan eksekusi, serta persyaratan deposit minimum. Fitur perbandingan multidimensi di WikiFX dapat membantu proses analisis secara lebih sistematis.

In a week

¿Qué aspectos deben considerarse al elegir un bróker seguro?

Al elegir un bróker seguro, los inversores deben centrarse en factores como la situación regulatoria, la seguridad de los fondos y la transparencia de las condiciones de trading. Generalmente se recomienda priorizar plataformas reguladas por organismos reconocidos como la FCA, la SEC o la ASIC. También es importante verificar si los fondos se mantienen en cuentas segregadas, si la estructura de comisiones es transparente y si existen incidencias relacionadas con retiradas o reclamaciones relevantes. La puntuación de WikiFX y los comentarios de usuarios pueden servir como referencia adicional.

In a week

Apa yang dimaksud dengan situs broker kloning?

Situs broker kloning adalah situs yang meniru informasi broker resmi untuk menyesatkan investor agar melakukan penyetoran dana. Situs tersebut biasanya menyalin nama merek, desain halaman, bahkan informasi regulasi. Ciri umum meliputi domain yang sangat mirip dengan situs resmi, informasi kontak yang sulit diverifikasi, serta penawaran keuntungan yang tidak wajar. Setelah dana masuk ke platform seperti ini, biasanya sulit untuk dipulihkan. Disarankan untuk memverifikasi domain resmi dan informasi regulasi serta menggunakan WikiFX sebagai referensi tambahan.

In a week

Bagaimana cara menghitung skor WikiFX?

Skor WikiFX dihitung menggunakan model evaluasi multidimensi yang mencakup indeks regulasi, indeks lisensi regulasi, indeks kapasitas operasional, indeks manajemen risiko, serta indeks teknologi platform trading. Skala skor berkisar antara 0 hingga 10 poin dan diperbarui secara berkala berdasarkan perubahan regulasi dan data operasional terbaru.

In a week

How can I determine if a forex broker is regulated?

To determine whether a broker is regulated, the key is to verify whether it holds a valid financial license. Investors can check the license number and status through the official websites of regulatory authorities (such as Financial Conduct Authority, Australian Securities and Investments Commission) to confirm whether the license is real and under valid supervision. It should be noted that some brokers may engage in license cloning or unauthorized operations, meaning they use another company's license or provide services in regions where they are not authorized. These situations also involve risks. In addition, investors can use WikiFX to check the broker's regulatory status, historical records, and risk ratings as supporting reference, so as to evaluate its compliance more comprehensively.

04-02
United States
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※ WikiFX compiles data from publicly available sources and user contributions. While we endeavor to maintain its accuracy, we do not warrant the information's completeness, accuracy, or timeliness, as it may become outdated. Investors are strongly advised to verify critical details with official sources before making any decisions.
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