afram.trading has been flagged by Financial Services Authority for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
I looked into afram.trading and found they appear in the regulatory warnings database. Financial Services Authority has issued a notice about this firm. Whether this is a misunderstanding or a serious concern, the fact remains that proper due diligence is essential. Always verify the regulatory status of any company before investing your hard-earned money.
Pros: Information is publicly available for verification
Cons: Listed in IOSCO I-SCAN|May not be authorized in your jurisdiction
The reporting at afram.trading is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: Customizable dashboard|Great customer service|Easy withdrawals
Cons: Desktop app not available on Linux
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. afram.trading said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Comprehensive tools|Economic calendar|Great customer service|Good mobile app
Cons: None so far|No fractional shares
My withdrawal from afram.trading was rejected three times for vague reasons. Each time they asked for more documents. When I finally provided everything, they said my account was under review. since I opened my account last year of being strung along.
Pros: Multiple order types|Transparent fees|Portfolio tracking tools|Comprehensive tools
Cons: Limited demo account features|Minimum deposit could be lower
After doing some research AFTER the fact (I know, I should have done this first), I discovered that afram.trading is not authorized by any legitimate financial regulator. They are operating illegally. The website looks very professional but it's all a facade. Please check the regulatory warnings database before investing with ANY company.
Pros: Initially responsive customer service
Cons: Blocked my account|No legitimate license|Fake returns
I lost a significant amount because afram.trading did not execute my stop loss during a flash crash. They said the market was illiquid. Other brokers managed to execute. I have no proof they did not trade against me. Avoid.
Pros: Transparent fees|Portfolio tracking tools|Comprehensive tools
Cons: No dark mode on mobile|No integrated tax optimization
I want to warn everyone about afram.trading. They have been flagged by Financial Services Authority as an unauthorized entity. I wish I had checked before investing. They use high-pressure sales tactics and fake testimonials. Once you send money, getting it back is nearly impossible.
Pros: Initially responsive customer service
Cons: Withdrawal fees demanded|Communication cut off|Not authorized
Customer support at afram.trading seems to be run by people who have never used the platform. Every time I call with an issue, I end up explaining how their own system works before they can help me. It would be funny if my money was not involved.
Pros: Stable platform|Multi-currency support|Helpful community forum|Clear documentation
Cons: Currency conversion fee exists|Could offer more webinars
I found afram.trading from a blog post comparing services and the initial impression was positive. But since I opened my account last year later, I have encountered so many issues that I cannot recommend them. Trades failing, charts not loading, and support tickets going unanswered for days at a time.
Pros: Stable platform|Professional team
Cons: Mobile app could be improved
Several red flags with afram.trading: (1) They promise unrealistically high returns, (2) They're not registered with Financial Services Authority, (3) Their contact information is vague, (4) They pressure you to deposit quickly. I recommend everyone do thorough due diligence before investing with any company.
Cons: Flagged by Financial Services Authority|Cannot verify credentials