AAATrade’s CySEC Licence Ended in 2024; Its Current Status Needs Checking

AAATrade, the trading name associated with AAA Trade, voluntarily surrendered its Cyprus Securities and Exchange Commission investment-firm licence in March 2024. CySEC’s record describes the change as the company’s own decision to renounce its authorisation, not a forced revocation for misconduct. The announcement followed on 16 April 2024. That distinction matters: the licence ended, but the public notice does not say that CySEC revoked it as a penalty.

The supplied review material says AAATrade continued to present an active trading offer after the surrender and that no current licence could be verified in the public records checked. WikiFX’s profile flags the firm as unregulated and gives it a score of 1.53 out of 10. Those are the profile’s assessments, not a regulator’s ruling about every company that may use the name. BestForex.io has not independently tested the site’s deposit flow or established which legal entity would accept a new customer’s funds today.

What the Licence Surrender Means

AAATrade previously operated under a Cyprus Investment Firm authorisation. When that permission ended, clients could no longer rely on that authorisation as current oversight for new business. Protections tied to a CySEC-regulated entity—including the regulator’s supervisory framework and any applicable compensation arrangements—do not automatically transfer to a different company or a website that continues using the brand. Customers should check the exact company listed in the account agreement, not rely on an old licence number appearing in archived marketing.

The surrender itself should not be presented as proof of wrongdoing. Firms may voluntarily leave a regulatory regime for different reasons. The relevant practical question for anyone considering a deposit is whether the entity behind the service now has a valid authorisation, and whether the regulator confirms that the website and product are covered.

A 2025 Non-Payment Complaint

WikiFX’s profile includes a complaint dated 2 August 2025 in which a reviewer says no payment arrived, customer support did not respond and the trading software appeared suspicious. These are the reviewer’s claims and have not been independently substantiated by account records in the material available to BestForex.io. The complaint does not establish that every client had the same experience or identify a regulator’s finding against the company.

The sequence nonetheless warrants a fresh check: a licence voluntarily surrendered in 2024, a third-party profile that describes the brand as unregulated, and a later complaint alleging non-payment. Each item has a different evidentiary weight. The official register is the place to confirm current authorisation; a review platform can signal a customer’s account, but cannot replace a regulator’s verification.

How to Verify Before Sending Money

Ask the firm to provide its full legal name, registration number, regulator and current licence number. Search those details on the regulator’s own register and check that the exact website domain and product are covered. If the firm refers to a historic Cyprus licence, compare the authorisation dates with the date on the proposed contract. Keep copies of the terms, deposit receipt and every withdrawal request. If a firm will not identify the legal entity taking the funds, do not treat an old licence as current protection.