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AoFeng -

Suspicious Clone

Score

0123456789

/10

AoFeng

Item: AoFeng
Rating: 1.58

Australia|5-10 years|

Suspicious Scope of Business|Suspicious Overrun|High potential risk|

http://www.afjrfx.com/index.aspx#index

Website

Open Account Time Machine

Rating Index

Contact

0085235902333

info@afjrfx.com

http://www.afjrfx.com/index.aspx#index

Licenses

ASIC Suspicious Clone

Australia Biz reg

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Warning: Low score, please stay away! 2

Previous Detection : 2024-11-18

It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

The AustraliaASIC regulation (license number: 113784446) claimed by this broker is suspected to be clone. Please be aware of the risk!

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AoFeng · WikiFX Survey

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AoFeng · Company Summary

Company Name	AoFeng
Founded	2018
Headquarters	Australia
Regulations	Suspected cloned regulations
Tradable Assets	Forex currency pairs, commodities, indices, cryptocurrencies
Account Types	Basic Account, Advanced Account, VIP Account
Minimum Deposit	$100
Maximum Leverage	1:200
Spreads	Starting from 1 pips
Commission	No commission
Deposit Methods	Bank wire transfers, credit/debit cards, electronic payment systems
Trading Platforms	MetaTrader 4 (MT4)
Customer Support	Phone, email, live chat
Bonus Offerings	None

AoFeng Information

AoFeng is an online brokerage firm in Australia, which was established in 2018. It provides trading instruments such as forex currency pairs, commodities, indices, and cryptocurrencies.

Is AoFeng Legit?

AoFeng holds an ASIC license, but its regulatory status is suspected to be cloned, posing a risk of being a fraudulent replica.

Pros and Cons

Pros	Cons
/	Suspected cloned regulations
/	Lack of regulatory oversight

What Can I Trade on AoFeng?

AoFeng provides a wide array of trading instruments in order to meet the requirements of various traders. Clients gain access to numerous financial markets, encompassing forex currency pairs, commodities, indices, and cryptocurrencies.

Tradable Instruments	Supported
Forex	✔
Commodities	✔
Crypto	✔
CFD	❌
indexes	✔
Stock	❌
ETF	❌
Options	❌

AoFeng Fees

Spreads and commissions provided by AoFeng vary by market, instrument and account type.

Major currency pairs such as EUR/USD and GBP/USD spread by about 1-3 pips during normal marketconditions, exotic currency pairs and low-frequency trading instruments spread by about 3-5 pips.

Aofeng implements a commission-free structure for most trading instruments.

Non-trading Fees	✔
Deposit Fee	✔
Withdrawal Fee	✔
Inactivity Fee	✔

Trading Platform

AoFeng offers the popular and widely recognized MetaTrader 4 (MT4) trading platform to its clients.

Deposit and Withdrawal

The minimum deposit requirement at AoFeng is $100, allowing traders of different budget sizes to start trading. For deposit methods, clients can usually choose from bank wire transfers, credit/debit cards, and electronic payment system.