AW Financial Services (Awfinancials.org) is a crude CFDs and Forex broker to hit the trading markets. AWFinancialServices is a broker who claims to offer stocks in the world’s biggest companies. What is this broker doing to users to cause such alarming cries from investors? To get a grip of what’s happening, we decided to conduct a thorough investigation. Read this detailed and honest AW FINANCIAL SERVICES review for more details.
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After receiving numerous email complaints from users who lost funds we had to investigate. Landing on their homepage, we discovered they have used tactics used in other scams. In order to understand the depth, in which AW Financial Services is willing to go, read this review! Some of the members have been swindled over $5,000 within a span of hours. Why would such a broker allow users to lose high amounts of money? Something is definitely amiss with this broker.
What seems to be an inviting homepage is nothing but a trap. Investors who fall for this homepage go for the empty claims and promises posted. Scammers will do or say anything to make their products appear legit. And this is exactly what AW Financial Services is doing with their websites. Make sure to check the claims and promises used by owners for credibility. Scam artists offer over the moon claims to entice users into joining the site. Beware of such fake claims.
What this broker has done is clone their website from a registered company. And this is a pattern we have noticed with scams of today. They look for truly registered companies and use their names to feign legitimacy. What we found shocking with this broker is the level of anonymity with brokers. Who are the actual founding members of this brokerage firm? Why have they failed to give users actual names of people running this website?
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How about the offices they claim to be in Australia? Are these truly their physical address? Being a cloned website, we cannot say for sure they are based in Australia. Offshore brokers have this habit of cloning websites. For all we know, this brokerage firm could be based in the Caribbean. Anonymity brings professional scam artists from all over the world. What these brokers do is create a compelling website only to defraud members in the long run. Why sign up with a rogue broker?
With a cloned website, there’s no way this is a licensed entity. After contacting ASIC, we found this broker is using another registered name’s. AW Financial Services PTY is a dully registered entity whose details are being used by this scammer. Why have they failed to post their registration details? What this fraudster has done is create a link to the real registered company’s license details.
Where is their certificate of approval? If they are truly registered, why have they failed to post copies of their licensing? Licensing details should entail their name and people who run this website. Stay away from any broker who is using details of a cloned website. In most cases, this brokerage firm is simply out to get your funds. Make sure to be on the lookout for any calls from this broker urging you to sign up.
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Another disturbing issue we found with this broker is their trading platform. A web based trading platform is ideal if the broker properly secures it. Why has this broker failed to secure their trading platform? It means third parties can easily gain access to this trading platform. In order to test how well their trading platform works, we decided to try it out. And this is where we faced another hurdle with AW Financial Services. Make sure to try out this broker and sign up with platforms which are secure.
What their platform lacks is SSL Encryption. It means hackers can easily gain access to this platform and steal valuable data. Trading with an unstable platform will leave users vulnerable to hackers. Personal information is their target as they will steal your credit card details. Hackers will also steal your personal data such as identity details. What this means is we are dealing with a rogue broker who should be investigated. Shutting down this website is the way forward to protect all investors.
How does AW Financial Services expect users to contact them with crucial queries? Why do they have an unresponsive chat system? Could it be these brokers don’t want to bring any attention to themselves? It certainly seems to be the case as AW Financial Services is demanding use of emails. Problem with emails is they are one way communication channels. Users may send emails but any response is at the choosing of this broker. And this is where most users have been having problems with this broker.
Trying to contact them has been a major issue which is a huge problem. Stay away from this broker and learn to use brokers who are easily available. What AW Financial Services is doing is making sure authorities don’t get a hold of their activities. How else would brokers not respond to emails asking for withdrawals? What we noticed with this broker is how they have managed to keep quiet regarding withdrawal request. AW Financial Services is simply pocketing from misery of anyone who deposits with them.
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How can funds be safe from a broker who is using a cloned website? Cloning a Forex website is an offence. Funds will never be secure from a broker who is anonymous and based offshore. How do they handle funds deposited by members? Why have they failed to disclose where they bank deposits? It seems to be a fraudulent broker who will do anything to trap investors. Could it be possible users are funding accounts of owners?
Segregation of accounts is not done by this broker. What this spells out is doom for users. AW Financial Services is pooling funds to one account which is dangerous. Another unsettling issue we have with this broker is lack of insuring funds deposited. Members should not expect any compensation from this broker which should be provided. And this makes AW Financial Services a total scam.
Evidence clearly points AW Financial Services is a scam. Make sure to stay away from this broker by ignoring all their pleas to sign up. Stay clear of any broker who is having similar characteristics.
Adding this broker to our scam blacklist will aid in protecting our readers. Mark all their emails as Spam and warn your family and friends from joining this platform.
Lastly, we are wishing you all the best in your trading.
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