The safety dossier

Home / Reviews / AAAFx / Regulation

AAAFx regulation: what happens if the firm fails

The licence is what decides where your money sits and who is obliged to do something about it. Here is who licenses AAAFx and what the protections are.

Facts last checked . Read the full AAAFx review.

Regulation and safety

Regulated by
Mwali International Services Authority, Comoros Union (BFX2025097)
Regulator tier
Tier 3
Register entry
MISA broker register, licence BFX2025097
Client money segregated
Yes
Held at
Top-tier banks
Negative balance protection
Yes
Compensation scheme
No statutory investor compensation scheme
Audited by
Independent external auditor
Not available to
Afghanistan, Belarus, Burundi, China, Congo, Crimea region of Ukraine, Cuba, India, Indonesia, Iran, Iraq, North Korea, Palestine, Romania, Russia, Sri Lanka, Sudan, Syria, Taiwan, Turkey, United States, Venezuela, Yemen, Hong Kong

What this means

The licence is what decides where your money sits and who is obliged to do something about it.

AAAFx lists its regulation as Mwali International Services Authority, Comoros Union (BFX2025097).

Client money is held separately from the firm's own money, at Top-tier banks. That separation is what makes your balance recoverable if the company fails, rather than part of the pool its creditors divide up.

Negative balance protection applies, so a losing position cannot take the account below zero and leave you owing the broker money.

Covered by No statutory investor compensation scheme, which pays eligible clients up to its limit if the firm fails owing client money.

Questions about AAAFx regulation

Is client money segregated at AAAFx?

Yes. AAAFx holds client money separately from its own funds, at Top-tier banks.

Does AAAFx offer negative balance protection?

Yes. AAAFx offers negative balance protection, so a losing position cannot leave you owing the broker more than your account held.

Is there a compensation scheme at AAAFx?

AAAFx's compensation scheme is recorded as: No statutory investor compensation scheme. A scheme covers the broker failing, not losses on your trades.

Regulation at brokers under the same regulator

More about AAAFx