Austrian Futures & Options Trading Exchange has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.afotex.com.
I joined Austrian Futures & Options Trading Exchange from a blog post comparing services and from the start, things felt off. The signup process collected far more personal information than necessary, the verification took unreasonably long, and when I finally got access, the platform was nothing like what was advertised.
Pros: Good analytical tools|Fast execution|Customizable dashboard|Multiple order types
Cons: Account statements could be more detailed
Opened my account with Austrian Futures & Options Trading Exchange when my bank disappointed me and I searched for alternatives and regretted it within the first month. The platform crashed during a critical moment, I lost potential gains, and support basically told me it was not their problem. Absolutely unacceptable behavior.
Pros: Clean UI|Portfolio tracking tools|Responsive team|Great customer service
Cons: Email notifications too frequent
The onboarding at Austrian Futures & Options Trading Exchange was smooth which makes the subsequent experience even more frustrating. Once they have your money, the quality of service drops dramatically. Getting anyone to help you with an actual problem is nearly impossible.
Pros: Personal attention|Segregated accounts|Fast support response|Professional team
Cons: Research section could be deeper
I opened an account with Austrian Futures & Options Trading Exchange for over three years ago. The platform frequently logs you out, orders fail to execute at the stated price, and when you complain they blame your internet connection. I have screenshots proving otherwise.
Pros: Good analytical tools|Excellent charting
Cons: Account statements could be more detailed|Limited social trading features
What really bothers me about Austrian Futures & Options Trading Exchange is the disconnect between their marketing and reality. They position themselves as a premium service but deliver a below-average experience. Found them after a friend recommended them and I fell for the polished exterior. Never again.
Pros: Multiple order types|Instant funding|Full transparency
Cons: Alert system is basic|Search feature is basic
KYC with Austrian Futures & Options Trading Exchange is a nightmare. I submitted my ID and proof of address. They rejected it and asked for a utility bill. I sent it. They asked for a bank statement. Then they asked for a selfie with the ID. Then they said the selfie did not match. I gave up.
Pros: Customizable dashboard|Fast deposits
Cons: Would like more payment methods|Wait times can be long during peak hours
Austrian Futures & Options Trading Exchange had an outage that lasted several hours during a major market event. Not only did they fail to prevent it, but they also failed to communicate what was happening. We were left in the dark while our investments were at risk.
Pros: Full transparency|Tax reports included
Cons: No integrated tax optimization
After spending for the past year and a half trying to make Austrian Futures & Options Trading Exchange work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.
Pros: Intuitive for beginners|Tax reports included
Cons: Limited demo account features|Account statements could be more detailed