AhaFinance – Can You Trust Them?
Stop! It’s a Scam! Your money is not safe if you are trading with this unregulated, off-shore broker.
AhaFinance - DO NOT TRADE WITH THIS PROVIDER
2.3/10
$100
Minimum Depositupdated 2023
The details for opening trading accounts are not indicated on the broker’s website. In order to register with this broker, you only need to go to their sign-up page where you’ll be asked to enter your name, email address, phone number, and password. You’ll also be asked to accept their Terms and Conditions and confirm that you’re over 18 years of age. After this, the trading platform will be made available for you and you can start trading using their demo account.
Try these regulated brokers if you want to start trading cryptocurrencies
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money
Plus500 is a FTSE 250 listed brokerage providing online trading services in CFDs, across 2,000+ securities and multiple asset classes.
Website URL: https://ahafinance.com
Founded: 2022
Regulations: Unregulated
Languages: English, Russian, Swedish, German, Polish, Finnish, Italian, Norwegian
Deposit Methods: Visa, MasterCard
Minimum Deposit: Unspecified
Free Demo Account: Not Provided
Number of Assets: 1000+ Assets and Securities
Types of Assets: Cryptocurrencies, Currency Pairs, Indices, Metals, Energies, Futures, Shares
Trading Accounts and Conditions
When we checked AhaFinance’s Account Types section, we found that it was empty. We also checked their home page, and this is the little information that we were able to glean from there.
This broker claims of offer their clients more than 1000 assets and securities. The maximum leverage they offer is 1:200. They have 3 dynamic trading platforms, but the broker doesn’t mention what they are. However, that is all the information there is. We are not told anything about the types of trading accounts that may be offered by this broker. We also do not know other trading conditions such as minimum deposits, lots sizes, commissions, fees and so on.
AhaFinance – Advantages
There are no advantages to trading with AhaFinance. This broker is a scammer.
AhaFinance – Disadvantages
Listed below are all the signs that tell us that AhaFinance is a scammer:
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Anonymous and Unregulated
The first sign that a broker is not safe and a scammer is that they are unregulated.
AhaFinance keeps itself completely anonymous. We do not know the name of the company that runs this online brokerage. We do not even know where they are based; the only thing that this broker states is that they are located within the European Economic Area – which implies that this broker is operating within the European Union. There is no further information about their whereabouts, who they are or even how they can be contacted.
This complete lack of information and total anonymity also means that this broker is not regulated by any financial authority. And this kind of a broker is always a scammer.
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money
Plus500 is a FTSE 250 listed brokerage providing online trading services in CFDs, across 2,000+ securities and multiple asset classes.
The company was created as a combined effort of financial professionals and experts in web-commerce with the goal of perfecting the online experience for retail traders.
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Issues with Registration and Trading Platform
As a rule, we register with a broker that we are reviewing so that we can do multiple things – test the registration process, check the trading platform for ourselves and also check their client and payments sections to verify the broker’s claims.
When we tried to register with AhaFinance, we found that we were unable to complete the process. After we submitted our registration request, we never got approval from the broker. And this meant that we were unable to open an account with this broker. And this also meant that we could not check their trading platform, trading conditions and payments section for ourselves.
So, AhaFinance claims to offer their clients a top-notch web-based trading platform. But the broker does not specify which trading platform it is. And since we were unable to access their client area, we could not check the trading platform for ourselves.
This is a red flag. Legitimate brokers know that their main offering to their customers is their trading platform. And so, they make it a point to advertise it strongly on their website. They even include a demo account where prospective clients can test their platform and trading conditions before committing real money.
With AhaFinance, not only does the broker not really announce much about their trading platform, but we also do not have any demo platform to check for ourselves. And, of course, we are unable to register. All indications of a scammer.
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Issues with Trading Conditions
Another red flag that tells us that AhaFinance is a scammer is their trading conditions – or lack thereof. The trading platform and trading conditions go hand in hand; these are what the brokers offer as a product and a service. Therefore, just like for their trading platform, legitimate brokers clearly and prominently display their trading conditions.
With this broker, we barely get any information about either the types of trading accounts they offer or their trading conditions. We are not even told something as basic as their minimum deposit requirement. We also do not know their spreads, commissions, fees or any other trading conditions.
All we know is that their maximum leverage is 1:200.
Considering the fact that this broker claims to be based somewhere in the European Economic Area (i.e., in the European Union), the leverage they offer is actually illegal; in the EU, the maximum allowed leverage is 1:30.
The lack of information on trading conditions and the high leverage all tell us that we are dealing with a scammer.
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Issues with Payments
The only thing that this broker mentions on their website is that they accept Visa and MasterCard payments. However, they do not specify what kind of payments – credit or debit cards, bank transfers, and so on.
Legitimate brokers display all their payment methods clearly on their website. This way, their customers know what payment methods are available. And these brokers also ensure that they offer a variety of payment methods, ranging from the traditional bank and wire transfers, credit cards and debit cards, to the more modern e-wallets (Skrill, Neteller, PayPal, etc.) and cryptocurrencies.
With this broker, we not only have limited payment methods, we also are not told what their payment policies are.
We are not told what AhaFinance’s withdrawal policies are. We do not know if there is a trading volume target to be met before you will be allowed to withdraw your funds. We also do not know how long a withdrawal request takes to be processed. And finally, we do not even know if there is a withdrawal fee or tax imposed when you withdraw your funds.
These policies are usually missing with scammers since they make sure that while depositing your funds could be a snap, you will not be able to withdraw them when you want to.
Conclusion
AhaFinance is a scammer and your funds are not safe with this broker.
AhaFinance
Pros
- None
Cons
- Anonymous and Unregulated
- Issues with Registration and Trading Platform
- Issues with Trading Conditions
- Issues with Payments
Do not trade with unregulated brokers that will steal your funds - try these regulated brokers:
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money
Plus500 is a FTSE 250 listed brokerage providing online trading services in CFDs, across 2,000+ securities and multiple asset classes.
The company was created as a combined effort of financial professionals and experts in web-commerce with the goal of perfecting the online experience for retail traders.
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