General Information & Regulation
AotoFX says it is an online broker registered in Vanuatu, with the company behind it called Aototrader Limited. The founding time and actual address of this company is unknown, as the AotoFX website is currently offline and has closed down. Obviously, AotoFX is an unregulated broker, and was created purely to scam brokers.
Market Instruments
What AotoFX can offer its traders is not disclosed, since the brokers website cannot be opened currently. However, since AotoFX says it is a forex broker, then it can offer some forex instruments, at least.
Minimum Deposit
When it comes to minimum initial deposit, AotoFX does not make this part clear. However, given the fact that AotoFX is an unregulated broker, traders should stay away from it, anyway.
Leverage
Trading leverage information is not provide, either. Leverage magnifies the returns from favorable movements in a currency's exchange rate. It is important that forex traders learn how to manage leverage and employ risk management strategies to mitigate forex losses.
Spreads & Commissions
AotoFX does not give us its spreads and commissions related information. Spread and commissions are two essential elements to measure trading fees. Like most unregulated brokers, AotoFX hide its trading costs to scam new traders.
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