AI Forex Trader has been flagged by National Securities and Stock Market Commission 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.
After doing some research AFTER the fact (I know, I should have done this first), I discovered that AI Forex Trader 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
The spread at AI Forex Trader is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them through word of mouth in my investment club and initially thought the platform was good - until I started trading seriously.
Pros: Fast execution|Full transparency|Segregated accounts|Easy withdrawals
Cons: Email notifications too frequent|Spreads widen during volatile periods
AI Forex Trader has the worst mobile app I have ever used for investing. It crashes constantly, features that work on desktop are missing entirely, and the security implementation is questionable at best. How they released this app is beyond me.
Pros: Excellent charting|Multiple order types
Cons: Cannot customize dashboard fully|Minor UI glitches occasionally
I was about to invest with AI Forex Trader but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. National Securities and Stock Market Commission has actually issued a warning about this firm. Thank goodness I checked before sending any money.
Pros: Website looks legitimate on the surface
Cons: Not registered with regulators|Unrealistic promises
The hidden fees at AI Forex Trader are the real scandal here. What they advertise and what they actually charge are two different things. By the time I realized how much I was paying in various fees and spreads, I had already lost a meaningful amount.
Pros: Portfolio tracking tools|Multiple order types|Segregated accounts
Cons: Limited ETF selection
I requested my data from AI Forex Trader under GDPR. They sent a partial export that was missing months of transactions. When I asked for the rest they said it was a technical issue. Still waiting. They do not take data rights seriously.
Pros: Quick verification|Dedicated account manager|Full transparency
Cons: Help articles are sometimes vague
I have been trying to close my account with AI Forex Trader for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.
Pros: Portfolio tracking tools|Copy trading available
Cons: Wish they had more educational resources
I looked into AI Forex Trader and found they appear in the regulatory warnings database. National Securities and Stock Market Commission 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: Flagged by international regulators|Due diligence required
Customer support at AI Forex Trader 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: Two-factor authentication|Automated trading options|Fast support response|Multi-device support
Cons: Wish they had more educational resources|No dark mode on mobile
I wanted to transfer my portfolio from another broker to AI Forex Trader. They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: Market news feed|Economic calendar|Dedicated account manager
Cons: Email notifications too frequent|No fractional shares