AwFinancial.com Review: Aw Financial Services (AFS) claims to be an investment and trading platform made for “people who refuse to settle for average investing”. It was founded in 2015, according to awfinancial.org, “and got regulated in 2018”. It claims to hold an ACN (Australian Company Number) certificate of registration.
Further, there are offers of investment solutions such as forex trading, cryptocurrency trading, stock trading, and real estate investments and developments. Other information on the page discusses the investment solutions offers. They claim to give better investment returns, investment expertise, customer service and more.
Aw Financial Trading Platform
It is stated that Aw Financial Services Trading Software uses a web-based trading software. This is direct contrast with many trusted brokers who use MT4/MT5 due to the many advantages. A demo account registration turned out to be difficult to register.
There is nothing said about the leverage offered or spread as well. As is seen on the page, Aw Financial Services just seem ready to give promises without any information about the corporate entity running it.
Deposit and Withdrawal Methods on Aw Financial Services
It seems that the only means of making deposits on Aw Financial is via cryptocurrencies. This is not an encouraging discovery as other legit brokerages offer standard means of deposits. Minimum deposit is $2,000, which is high. Nothing is also said about withdrawal fees. Only a vague mention of “money back guarantee” without further details.
This information is important so that clients can invest any little amount they can spare. In order to be able to first watch the working of the brokerage. If then they are satisfied with what they see, they can determine when to withdraw their money.
Is Aw Financial Services Licensed?
It claims so on the website. Is this however a legit broker? A search of the ACN provided above turned out that there is indeed a company registered to the Australian Securities & Investment Commission with the number. The name is however slightly different, this company is AW Financial Services PTY LTD. It has only two other business names Kind Money and Aussiewide Financial Services.
What does this show? Simply put: Aw Financial Services are running a scam operation by cloning the details of a regulated company. This is already the trend among scam operators. The website is suspicious as well to be owned by a legit company because it provides no useful corporate information.
To contact a customer care representative, call: +61 488 897 186 or email: email@example.com
It is clear that there is something dubious about this broker named Aw Financial Services. The gaping lack of useful information on corporate matters. Several promises that seem too good to be true. Cloning the identity of another company. No regular deposit mediums available. Traders will take not of this before deciding if this is a scam broker or not.
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