General Information
AIFC, a trading name of AIFC Technology Limited, is allegedly an STP broker authorized and regulated by the LFSA (LABUAN FINANCIAL SERVICES AUTHORITY) in Malaysia and founded in 2020. International brokerage house AIFC provides institutional, intermediary, and retail clients with investment management, trading, and advisory services, as well as over 15,000 financial instruments with raw spreads and low commissions on the state-of-the-art MetaTrader5 trading platform.
Pros and Cons
AIFC Technology Ltd is a regulated institution, licensed by the Labuan Financial Services Authority in Malaysia. It offers a diverse range of market options, including indices, forex, commodities, and specialist markets like bonds and options. With low spreads and fast execution, traders have the opportunity for global trading and access to 24/7 pricing. The trading platforms provided by AIFC are innovative and user-friendly, with powerful tools for risk reduction and in-depth analysis. Traders can choose between online platforms, mobile apps, specialist trading platforms like MetaTrader5, and automated/algorithmic trading platforms. However, there are some limitations such as a lack of information on specific instrument details, potential market volatility and risks, limited educational resources and tutorials, and restricted customization options. The availability of tradable assets may also be limited. Customer support is available through phone and email during working hours, and online messaging options are provided. It is important for traders to consider these pros and cons when deciding to engage with AIFC.
Is AIFC Legit？
AIFC Technology Ltd is regulated by the Labuan Financial Services Authority in Malaysia. The license type is specified as Straight Through Processing (STP), and the license number is MB/21/0087. AIFC Technology Ltd is the licensed institution, and its address is Unit 14(D), Main Office Tower, Financial Park Labuan, Jalan Merdeka, 87000 Labuan F.T. The phone number for the licensed institution is 1700 827 827, and the email address is admin@aifctechnology.com.
Market Instruments
AIFC advertises that it offers more than 15,000 instruments in financial markets, including indices, commodities (metals, energies and agricultural markets) and forex currencies.
Indices:
AIFC provides the opportunity to trade on a wide range of global indices. With 24/7 pricing available, traders can take advantage of market opportunities whenever they arise. Indices represent the performance of a group of stocks from a particular region or sector, allowing traders to speculate on the overall direction of the market.
Forex:
AIFC offers forex trading, allowing traders to access the foreign exchange market. Traders can benefit from low spreads and fast execution provided by the FX provider. Forex trading involves buying and selling currencies with the aim of profiting from fluctuations in exchange rates.
Commodities:
AIFC allows traders to trade on various commodities, including metals, energies, and agricultural markets. Commodities trading involves buying and selling physical goods, such as gold, oil, natural gas, wheat, and corn. Traders can speculate on the price movements of these commodities and take advantage of potential profit opportunities.
Other Markets:
In addition to indices, forex, and commodities, AIFC provides access to specialist markets such as bonds, rates, and options. These markets offer different types of financial instruments and opportunities for traders to diversify their portfolios.
Account Types
There are two account types offered by AIFC, namely free demo accounts and trading accounts. However, the broker didnt reveal any specific information about the minimum initial deposit requirement to open an account.
How to Open an Account？
To open an account with AIFC, you can follow these steps:
1. Visit the AIFC website: Go to the official AIFC website using your preferred web browser.
2. Click on “Register”: Look for the “Register” button or link on the website's homepage or in the navigation menu.
3. Provide your information: Fill out the registration form with the required details. Typically, you will need to provide the following information:
· Name: Enter your full name as it appears on your Identification Card or Passport.
· Phone Number: Provide a valid phone number where you can be contacted.
· Email: Enter your email address, which will be used for communication and account verification.
4. Verification: After submitting the registration form, you may need to go through a verification process. This may involve providing additional documentation, such as a scanned copy of your Identification Card or Passport, to verify your identity.
5. Complete the registration: Once your account registration and verification process are successfully completed, you will receive confirmation of your account creation. You may also receive login credentials or instructions on how to set up a password for your account.
Spreads & Commissions
AIFC claims to offer raw spreads and low commissions, yet no specific value is involved directly on its official site.
Trading Platform Available
Traders can use a variety of trading platforms, including online platforms that run on desktops and mobile apps. As well as specialist trading platforms, such as MetaTrader5, there are also automated and algorithmic trading platforms at AIFC. For trading on the go, you might want to use an app for your smartphone or tablet. Trading platforms developed by third parties can be used by experienced traders, while trading platforms developed by algorithmic traders can be used by algorithmic traders to develop their own automated trading programs.
AIFC offers a range of trading platforms to cater to the needs of its clients. Here is an overview of the trading platforms available at AIFC:
1. Online Trading Platforms:
AIFC provides online trading platforms that can be accessed through desktop computers. These platforms offer a simple and clean design, ensuring quick market access. They are user-friendly and allow traders to personalize their settings for super-fast trading. With real-time prices and fast execution, these platforms provide a seamless trading experience.
2. Mobile Trading Platform:
AIFC also offers an award-winning mobile trading app, allowing traders to access the platform on the go. The mobile trading platform enables users to trade from their smartphones or tablets. Traders can take advantage of the same features and functionality available on the desktop platform while enjoying the portability of mobile trading.
3. Specialist Trading Platforms:
AIFC supports specialist trading platforms, such as MetaTrader5, which is a popular choice among experienced traders. These platforms provide advanced tools and features for in-depth chart analysis, custom alerts, and automated trading. They are designed to meet the specific needs of professional traders and offer extensive functionality for technical analysis and strategy development.
4. Automated and Algorithmic Trading Platforms:
AIFC caters to algorithmic traders by offering automated and algorithmic trading platforms. These platforms are suitable for traders who want to develop and deploy their own automated trading programs. They provide the necessary tools and infrastructure for implementing algorithmic strategies, allowing traders to execute trades based on pre-defined rules and parameters.
Customer Support
AIFC provides customer support services to assist their clients with any inquiries or issues they may have. Here is a brief description of AIFC's customer support:
1. Contact Channels: Customers can reach AIFC's customer support team during working hours, which are from 9 am to 6 pm, Monday to Friday (excluding Malaysia public holidays). The primary contact channels are telephone and email. Customers can contact them via phone at +60 1700 827 827 (Malaysia) or +60 8741 0877 (Overseas). They can also send inquiries or requests via email to info@aifctechnology.com.
2. Online Messaging: AIFC offers the option to send messages online to get in touch with their customer support team. This may include using a chat function on their website or a messaging system on their trading platform.
3. Social Media Presence: AIFC maintains a presence on social media platforms such as Twitter, Facebook, and Instagram. Customers can follow them on these platforms to stay updated with company news, announcements, and potentially reach out for support.
4. Registered Address: The registered address of AIFC is Unit 14D, Main Office Tower, Financial Park Complex Labuan, Jalan Merdeka, 87000 WP Labuan, Malaysia. This address can be used for any correspondence or physical visits, although it is advisable to contact them through the provided contact channels before visiting in person.
Conclusion
In conclusion, AIFC offers a diverse range of market options and opportunities for global trading. Traders can access a wide variety of financial instruments, including indices, forex, commodities, bonds, rates, and options. The platform provides online and mobile trading platforms, along with specialist and automated trading options. While AIFC offers low spreads and fast execution, there may be a lack of specific instrument details and educational resources. Additionally, traders should be aware of potential market volatility, risks, and the complexity of understanding various markets. It is recommended to gather comprehensive information from official sources or directly contact AIFC for further details before making trading decisions.
FAQs
Q: Is AIFC a legitimate trading platform？
A: Yes, AIFC Technology Ltd is regulated by the Labuan Financial Services Authority in Malaysia. They hold the license type of Straight Through Processing (STP) and have a valid license number (MB/21/0087). The company is a licensed institution with a physical address in Labuan, Malaysia.
Q: What market instruments can I trade on AIFC？
A: AIFC offers a wide range of market instruments, including indices, forex, commodities, bonds, rates, and options. Traders can access various global indices, participate in forex trading with low spreads, and trade commodities such as metals, energies, and agricultural products. Specialist markets like bonds, rates, and options are also available.
Q: What types of trading accounts are available on AIFC？
A: AIFC offers free demo accounts for practicing and gaining trading experience without using real money. They also provide trading accounts for clients to trade with real money, granting access to a wide range of financial instruments and trading features. However, specific details about minimum initial deposit requirements are not mentioned.
Q: How can I open an account with AIFC？
A: To open an account with AIFC, you need to visit their official website and click on the “Register” button. Fill out the registration form with the required information, including your full name, phone number, and email address. After submitting the form, you may need to go through a verification process. Once your account registration and verification are completed, you will receive confirmation of your account creation.
Q: What are the spreads and commissions offered by AIFC？
A: AIFC claims to provide raw spreads and low commissions for their trading services. However, specific values regarding spreads and commissions are not mentioned on their official site. The actual spreads and commissions may vary depending on trading instruments, account types, market conditions, and the trading platform used.
Q: What trading platforms are available on AIFC？
A: AIFC offers online trading platforms for desktop computers, mobile trading apps for smartphones and tablets, specialist trading platforms like MetaTrader5, and automated/algorithmic trading platforms. These platforms provide fast execution, real-time prices, powerful analysis tools, and options for customization.
Q: How can I contact customer support at AIFC？
A: You can contact AIFC's customer support team via phone at +60 1700 827 827 (Malaysia) or +60 8741 0877 (Overseas) during working hours (9 am to 6 pm, Monday to Friday, excluding Malaysia public holidays). Additionally, you can reach out to them through email at info@aifctechnology.com or use the online messaging options available on their website or trading platform. They also maintain a presence on social media platforms for updates and potential support.
