Reported Website: https://www.aiwafx.com/
Aiwa FX marks itself as an accredited and trustworthy broker with more than 25 years’ market experience. However, our investigation has revealed a different fact. Despite claiming to be an over 25-year-old market participant, Aiwa FX’s domain (aiwafx.com) was registered in May 2022. Aiwa FX fails to disclose anymore regulatory information than the claim that it is “established with multiple regulatory licenses”. This can be interpreted as a scam indicator, as legitimate brokers always prominently to display their accreditation and licenses. Additionally, Aiwa FX, in an attempt to appear real, displays two addresses on their webiste, respectively in Dubai and Mauritius. As per local laws, Aiwa FX is required to be regulated by the Dubai Financial Services Authority (DFSA) and the Mauritius Financial Services Commission (Mauritius FSC). However, no corresponding records exist in the registers of the aforementioned authorities, suggesting that Aiwa FX provides financial services or products outside the regulatory framework.
