AE Trade
We checked AE Trade against the AskCheck register. It has been reported (2023) and carries the red flags below. Treat it with extreme caution.
Why it’s flagged
What we found
According to its website, AE Trade claims to provide trading services such as foreign exchange, stock indexes, precious metals, and cryptocurrencies. It claims to be headquartered in Australia and regulated by National Futures Association (NFA) (license number 0559483), Financial Crimes Enforcement Network (FinCEN) (license number 31000256114249), Australian Securities & Investment Commission (ASIC) (license number 488828). Upon investigation, we found a company AE Trade in the NFA BASIC, but the ID is inconsistent with its claim. Furthermore, it is not a member of NFA and its NFA ID is only for tracking purposes. This cannot be used as effective evidence for regulating foreign exchange, and we found that the ASIC license number 488828 doesn't belong to it, in addition, we didn't find any matching information in the FinCEN. The truth is that AE Trade is not regulated by any regulators. Letting it hold or control investors' money is unsafe, and the money can not be protected by any laws. AE Trade is a scam.
Assessment source: FastBull BrokersView.
What to do next
- Stop sending money. Don’t make another deposit, pay a “tax” or “release fee”, or share remote-access to your device.
- Gather your evidence. Save statements, chat logs, transaction IDs and the wallet addresses you paid to.
- Report it to your regulator and to local police / action-fraud line so it’s on the official record.
- Add your report here so the next person searching this name is warned — report AE Trade.
- Verify on the register. Cross-check the full entry on the SentFunds register before you trust anyone offering to help.