AFT Exposure Post: The Kind of “Broker” That Leaves You With No One to Hold Responsible

Here’s my rule of thumb: a legitimate trading firm makes it easy to answer boring questions—who runs it, where it’s licensed, how money moves, and how you contact a real…

COF Is Not Regulated

COF is an online multi-asset trading platform that claims to offer access to forex, commodities, indices, digital currencies, and futures through a unified system. Publicly available information shows the domain cofgroupforex.com was registered in July 2024, indicating a relatively short operating timeline. The platform promotes ST5 terminal access across desktop and mobile devices and references MT5 in a comparative way. COF states it is regulated by ASIC, FMA, and VFSC, but no matching records were found during public database verification. Key corporate disclosures, including a registered address and direct support contact details, are limited, while Semrush data indicates minimal measurable website traffic.

Is NaraFX legitimate?

NaraFX is a newly launched online CFD broker that provides access to markets such as forex, cryptocurrencies, stocks, indices, metals, and commodities. The platform operates through the website narafx.com, which was registered in December 2025, indicating that the broker is still in an early stage of operation. NaraFX states that it is operated by RM Capital Ltd and claims to hold a license issued by the Mwali International Services Authority in the Union of Comoros. However, public database searches have not confirmed this registration. Current web traffic and brand visibility for NaraFX remain very limited.

Is BitSentry a Legitimate Trading Platform?

BitSentry presents itself as a cryptocurrency-focused online trading platform, positioning innovation and transparency as its core values. Publicly available information shows that its website domain was registered recently, and verifiable records regarding corporate registration, regulatory authorization, and platform functionality remain limited. The platform primarily promotes crypto asset trading, tiered account services, and a social trading–style affiliate model, while key operational details are not fully disclosed.

MFXTECH Faces Multiple Potential Risk Concerns

MFXTECH is an online trading platform that presents itself as a fintech-oriented provider of multi-asset CFD trading services, covering forex, stocks, indices, commodities, and cryptocurrencies. While the platform promotes a professional and technology-driven investment environment, publicly available information shows limited transparency regarding its legal registration, regulatory authorization, and trading conditions. Claims of UK presence and FCA authorization could not be independently verified through official databases, and the platform has minimal observable market visibility. As a result, MFXTECH may require careful due diligence from users before engagement.

Why is Vexton Markets considered a scam platform?

Vexton Markets is an online CFD trading platform that claims to have been established in 2020 and headquartered in Canada. The platform promotes forex, gold, and oil trading services, alongside features such as mobile trading, social trading, and copy trading. Publicly available information shows limited disclosure regarding corporate registration, regulatory authorization, trading conditions, and online visibility, making independent verification challenging.

Bittam: Is This Platform Safe?

Bittam is a newly launched online platform that presents itself as a cryptocurrency trading service for global users. The platform focuses on digital asset trading and promotes multi-device accessibility through mobile applications. Public information indicates that Bittam’s website was registered in March 2025, and its operational history remains limited. While the platform references MSB registration in the United States, it provides relatively little disclosure regarding its corporate entity, trading infrastructure, fees, or risk management framework.

Trastix Suspected of Fraud!

Trastix presents itself as a global online trading platform, but investigations — including findings from Traderknows — reveal major credibility concerns. The domain was recently registered, the platform is unregulated, and its claims of high trading volume conflict with extremely low website traffic. Trastix also provides minimal contact information and an opaque account structure, raising strong suspicions of fraudulent behavior.

ZYPROFX is suspected of being a scam!

ZYPROFX is a newly established online forex and CFD broker headquartered in Saint Lucia. Its domain zyprofx.com was registered in February 2025 and shows very low authority and traffic, indicating an early-stage, lightly visible operation. The company appears in Saint Lucia’s corporate registry but has no identifiable financial license from the FSRA or other major regulators. Although ZYPROFX claims to offer MT5 and multi-asset trading (forex, metals, energy, crypto, indices, CFDs), it does not provide clear access to the platform, detailed account conditions, or transparent funding policies, and relies mainly on VISA, Bitcoin, and UnionPay with limited support channels and no visible social media presence.

Is WinXTrade operating legally behind the scenes?

WinXTrade is a newly launched trading platform founded in 2025 and based in Mumbai, offering access to F&O, commodities, forex, cryptocurrency, and U.S. stocks through its proprietary apps. Despite its broad market claims, the platform shows no verified regulatory license in SEBI records, and its listed office information cannot be independently confirmed. With limited website traffic, minimal transparency, and an unclear compliance status, WinXTrade presents significant concerns regarding legitimacy and operational reliability.