All client funds must be held in separate bank accounts from the broker. The accounts are held with the best European banks that are well established, strong and reliable. The reason for separating the accounts is to prevent the broker from mixing customer deposits with his own funds.
The broker states that they make sure that clients do not lose more money than they have deposited. They try to achieve this by implementing an automated risk management tool throughout its trading system.
To ensure a secure trading environment, AAFX Trading has implemented Secured Socket Layer (SSL) technology on all of its platforms, payment processing gateways and website. This SSL technology prevents hackers from accessing clients’ bank details, credit card information and other sensitive information as it is transmitted to the servers.
AAFX Trading requires all clients to identify themselves through the Know Your Customer (KYC) procedures. Hence, at the time of registration, clients are required to upload identity documents such as government-issued ID card and utility bill.
In addition, the broker has embraced anti-money laundering (AML) laws that prohibit using the broker to transfer stolen money or to fund terrorist operations. To this end, credit card users must upload an image of the card before using it. No cash deposits or third party transfers.