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AEX Crypto Exchange Review: Why This Platform Is a Known Scam in 2025

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AEX Crypto Exchange Review: Why This Platform Is a Known Scam in 2025
12 November 2025 Rebecca Andrews

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    If you're thinking about using AEX to trade cryptocurrencies, stop. Right now. This isn't a warning you'll hear from a random forum post-it's a fact confirmed by financial safety experts, fraud databases, and hundreds of real users who lost their money. AEX claims to be a crypto exchange with staking, margin trading, and a user-friendly app. But behind the surface, it's a platform that systematically blocks withdrawals, ignores customer service, and has been blacklisted by multiple trusted organizations since 2024.

    What AEX Claims to Offer

    AEX says it’s a full-service crypto exchange. It offers over 100 cryptocurrencies, including Bitcoin, Ethereum, and USDT trading pairs. You can deposit via credit card or bank transfer, use leverage up to 10x, stake coins for passive income, and even trade through their OTC desk. There’s a mobile app, a desktop platform, and a launchpad for new tokens. On paper, it looks like any other exchange-maybe even better because of the low 0.10% trading fee, which matches industry averages.

    But here’s the catch: none of these features matter if you can’t get your money out.

    The Real Problem: Withdrawals Are Blocked

    Starting in 2021, users began reporting that AEX stopped processing withdrawals. At first, it was delays-"We’re upgrading our system," they said. Then came silence. People deposited thousands in Bitcoin or USDT, only to find their accounts frozen. When they contacted support, replies were generic, automated, or never came. Some users spent months chasing refunds. Others gave up entirely.

    These aren’t isolated complaints. Multiple review sites, Reddit threads, and crypto scam watchdogs have collected hundreds of similar stories. One user in Australia deposited $15,000 in USDT. After three weeks of waiting, their account showed a balance-but the "withdraw" button was grayed out. Another in India lost $8,000 after being told their account was "under review" for over a year.

    No Regulation, No Protection

    Legitimate crypto exchanges operate under financial regulators. Binance is licensed in multiple jurisdictions. Coinbase is regulated in the U.S. and EU. Even smaller exchanges like Kraken or Bitstamp follow strict KYC and AML rules. AEX? It’s not regulated by any recognized financial authority. BrokerChooser, a trusted platform that evaluates brokers using global regulatory data, explicitly states: "AEX is not regulated by a financial authority with strict standards. Avoid this platform."

    That’s not a suggestion. It’s a red flag so bright it should be flashing. Without regulation, there’s no legal recourse if things go wrong. No ombudsman. No insurance fund. No way to force them to return your funds. AEX operates in a legal gray zone, likely based in a jurisdiction with weak oversight-which is exactly how scam platforms hide.

    A user frozen before a computer screen showing a blocked withdrawal, surrounded by unopened emails and a ticking clock.

    Why the Low Fees Don’t Matter

    You might think, "But their trading fee is only 0.10%-that’s competitive!" Yes, it is. But comparing fees between a regulated exchange and AEX is like comparing a safe bank to a fake one that pays 10% interest on deposits. The low fee is a lure. It makes the platform look professional. It tricks people into thinking, "If the fees are this low, they must be legit."

    Real exchanges compete on security, customer support, and transparency-not just trading fees. AEX doesn’t offer any of those. Their "low fee" is just bait. Once you deposit, they lock you in.

    Withdrawal Fees and Hidden Costs

    AEX charges 0.0005 BTC for Bitcoin withdrawals. That’s actually lower than the industry average of 0.0008 BTC a few years ago. But here’s what they don’t tell you: they don’t charge fees for deposits via credit card. That’s unusual. Most exchanges charge 3-11% for card deposits. Why would AEX waive them? Because they’re not trying to make money on fees-they’re trying to get your money in.

    And once it’s in? They make it nearly impossible to get out. Withdrawal requests are ignored. Accounts are frozen. Customer support replies with copy-pasted messages. There’s no escalation path. No phone number. No live chat that works.

    Expert Consensus: AEX Is a Scam

    Traders Union, a database that’s tracked fraudulent crypto brokers for over a decade, added AEX to their blacklist in 2024. Crypto Legal, which maintains one of the largest global scam databases, lists AEX as a confirmed fraudulent exchange. Financial analysts from BrokerChooser, CoinCheckup, and other trusted sources all warn against using AEX.

    Their reasoning is consistent: no regulation, withdrawal blocks, poor support, and a pattern of behavior that matches known scam operations. There’s no "maybe" here. There’s no "it could be a glitch." This is a confirmed scam.

    Safe crypto exchanges in a glowing harbor while AEX crumbles into a pit of lost wallets and broken promises.

    What Happens If You Use AEX?

    Let’s say you’re tempted. You think, "I’ll just deposit a small amount to test it." That’s the trap. You deposit $500. You trade a little. You see your balance go up. You try to withdraw. It fails. You contact support. No answer. You check your account a week later-it’s gone. Or worse, it’s still there, but the platform says, "Your account is under investigation for suspicious activity."

    That’s the script. It’s been used on thousands of people. And every time, the outcome is the same: lost money, no recourse, no justice.

    What to Do Instead

    If you want to trade crypto safely, use exchanges that are regulated and trusted. Here are a few that actually protect your funds:

    • Coinbase - Regulated in the U.S., insured custodial accounts, easy for beginners.
    • Binance - High liquidity, low fees, regulated in several countries (excluding the U.S.).
    • Kraken - Strong security, transparent operations, regulated in the EU and Canada.
    • Bitstamp - One of the oldest exchanges, regulated in Europe, reliable withdrawals.

    These platforms have real customer support teams, regulatory oversight, and insurance for hot wallet losses. They don’t vanish with your money.

    Final Verdict

    AEX is not a crypto exchange. It’s a scam. It looks like one. It acts like one. And every expert, watchdog, and user who’s tried to withdraw has confirmed it. The low fees, the mobile app, the staking features-all of it is a distraction. The only thing AEX delivers is financial loss.

    If you’ve already used AEX and can’t access your funds, you’re not alone. But you’re also not out of options. Report it to your local financial authority. File a complaint with Crypto Legal or Traders Union. Share your story. The more people know, the fewer others will get trapped.

    Don’t risk your money on a platform that’s already been exposed as a fraud. There are hundreds of legitimate exchanges. Use one of them.

    Is AEX crypto exchange safe to use?

    No, AEX is not safe. It is blacklisted by multiple financial safety organizations, including BrokerChooser and Traders Union, due to confirmed cases of blocked withdrawals, unresponsive customer service, and lack of regulatory oversight. Using AEX puts your funds at high risk of permanent loss.

    Why do people still use AEX if it’s a scam?

    Many users are lured in by the platform’s professional-looking interface, low trading fees, and the promise of high returns from staking or leverage trading. Scam platforms like AEX often mimic legitimate exchanges to appear trustworthy. Once users deposit funds, they’re trapped. By the time they realize it’s a scam, it’s too late to recover their money.

    Can I get my money back from AEX?

    Recovering funds from AEX is extremely difficult. There is no regulatory body to file a complaint with, and customer support is intentionally unresponsive. Some users have reported partial refunds after public exposure or legal pressure, but these cases are rare. The best approach is prevention-never deposit money on AEX in the first place.

    What are the signs of a crypto exchange scam?

    Common signs include: no regulation by any financial authority, delayed or blocked withdrawals, vague or non-existent customer support, promises of guaranteed high returns, pressure to deposit more funds, and a website that looks professional but lacks verifiable company details. AEX matches all of these red flags.

    Is AEX regulated in any country?

    No, AEX is not regulated by any recognized financial authority such as the SEC, FCA, ASIC, or CySEC. It operates without oversight, which is a major red flag. Legitimate exchanges must comply with strict rules to protect users. AEX does not meet any of these standards.

    What should I do if I already lost money on AEX?

    Document everything-screenshots of deposits, withdrawal requests, and support replies. Report the incident to your local financial regulator and file a complaint with databases like Crypto Legal or Traders Union. Share your experience on trusted forums to warn others. While recovery is unlikely, raising awareness helps prevent others from falling victim.

    Rebecca Andrews
    Rebecca Andrews

    I'm a blockchain analyst and cryptocurrency content strategist. I publish practical guides on coin fundamentals, exchange mechanics, and curated airdrop opportunities. I also advise startups on tokenomics and risk controls. My goal is to translate complex protocols into clear, actionable insights.

    14 Comments

    • Brian Gillespie
      Brian Gillespie
      November 13, 2025 AT 01:43

      Just lost $12k to AEX last year. No replies. No refund. Just silence.

    • Michael Heitzer
      Michael Heitzer
      November 14, 2025 AT 01:31

      This is why crypto education matters. People see ‘low fees’ and ‘mobile app’ and think ‘legit.’ But the real red flags? No regulation, no withdrawal history, support that ghosts you. AEX isn’t an exchange-it’s a digital pickpocket with a fancy website. I’ve seen this script play out a dozen times. The only difference here is how loud the scam is trying to be. Don’t be fooled by polish. Look at the bones.

    • Ainsley Ross
      Ainsley Ross
      November 15, 2025 AT 08:27

      I appreciate the thorough breakdown, especially the regulatory context. As someone who works in fintech compliance, I can confirm: if a platform isn’t registered with any major financial authority-SEC, FCA, ASIC, etc.-and has a pattern of withdrawal blocks, it’s not a gray area. It’s a red zone. AEX’s entire model mirrors the classic ‘pump and disappear’ scam. The fact that they still operate under a professional facade is terrifying. Please, everyone: report these platforms. Even if you can’t recover your funds, you might save someone else’s life savings.

    • Wayne Dave Arceo
      Wayne Dave Arceo
      November 16, 2025 AT 04:54

      Incorrect usage of ‘its’ vs ‘it’s’ in the post. Also, ‘blacklisted by multiple trusted organizations’ is vague-name them. BrokerChooser? Traders Union? Cite the exact URLs. Otherwise this reads like fearmongering. And why is Kraken mentioned as ‘regulated in the EU and Canada’? Kraken is licensed in Canada but operates under U.S. state-by-state rules. You’re being sloppy. AEX is a scam, yes-but your argument needs precision, not emotional hype.

    • Laura Hall
      Laura Hall
      November 16, 2025 AT 09:08

      lol i saw this post and immediately thought of my cousin who lost $8k on aex last year. she was so convinced it was legit because the app looked like coinbase. she even sent screenshots to her friends saying ‘look how easy it is!’ then poof. no withdrawals. no emails returned. she cried for weeks. i told her to report it but she was too embarrassed. we need more posts like this. not to shame people who got scammed, but to make sure no one else gets fooled by a pretty interface and a 0.1% fee. 💔

    • Arthur Crone
      Arthur Crone
      November 16, 2025 AT 10:21

      Why are you even writing this? Everyone who trades crypto knows AEX is a scam. You’re preaching to the choir. The people who get scammed are the ones who don’t read Reddit. They’re the ones who saw a YouTube ad saying ‘Earn 20% monthly with AEX Staking.’ This post is useless. Just block the domain and move on.

    • Rachel Everson
      Rachel Everson
      November 17, 2025 AT 10:47

      Hey if you’re reading this and you’re worried you’ve been scammed-you’re not alone. I’ve helped three friends navigate this exact situation. First, save every screenshot. Every email. Every chat. Even the ones that say ‘under review.’ Second, file with Crypto Legal. They actually respond. Third, post your story on r/CryptoCurrencyScams. People there have gotten refunds just by getting enough visibility. It’s not easy. But you’re not powerless. Keep going.

    • Johanna Lesmayoux lamare
      Johanna Lesmayoux lamare
      November 18, 2025 AT 16:34

      My friend lost $5k. He still checks his AEX account daily. It’s heartbreaking.

    • Adrian Bailey
      Adrian Bailey
      November 19, 2025 AT 00:37

      Man I just saw a TikTok ad for AEX yesterday with some guy in a suit saying ‘Stake with us and retire by 30’ and I was like… oh no. not again. I’ve seen this exact thing happen on Telegram groups too. People get tricked because the UI is clean, the token names look real, and the staking APY is 30%+ which is obviously insane if you know anything about crypto. But most newbies don’t. I made a short video explaining the red flags and posted it in my local crypto meetup group. Got 200+ views in an hour. Maybe we need more grassroots awareness. Not just Reddit rants. Real people talking to real people who are about to get burned.

    • Debraj Dutta
      Debraj Dutta
      November 19, 2025 AT 23:20

      I am from India and many of my friends have lost money on AEX. One friend deposited 5 lakhs INR in USDT. After 10 months, the balance still shows on the app, but withdraw button is disabled. Support says ‘technical issue’ and never responds again. We tried contacting local cyber cell but they said since it is foreign platform, they cannot help. Only way is to report on Crypto Legal. But even that feels like shouting into void. Still, better than silence.

    • Joanne Lee
      Joanne Lee
      November 21, 2025 AT 05:05

      It’s worth noting that AEX’s domain registration details are hidden, and their corporate address is listed as a virtual office in the Seychelles-a common tactic for unregulated platforms. Their SSL certificate is valid, but that only proves encryption, not legitimacy. The absence of a physical headquarters, registered legal entity, or public compliance officer is a massive red flag. Regulatory oversight isn’t just bureaucracy-it’s the only thing standing between users and financial annihilation. AEX doesn’t just lack it; it actively avoids it. This isn’t negligence. It’s intentional.

    • Rebecca Saffle
      Rebecca Saffle
      November 23, 2025 AT 01:09

      I used to work in customer support for a crypto platform. I know the scripts. The ‘under review’ line? That’s the death sentence. They don’t even pretend to be trying anymore. AEX doesn’t want your money. They want your trust. And once they have it? They vanish. I’m not mad. I’m just… exhausted. Another one bites the dust. Why do we keep letting this happen?

    • BRYAN CHAGUA
      BRYAN CHAGUA
      November 24, 2025 AT 22:59

      Thank you for this. It’s not just about money-it’s about dignity. People who fall for scams aren’t stupid. They’re hopeful. And hope is the most powerful thing in the world. AEX exploits that. They don’t just steal funds. They steal trust. And that’s harder to recover. I’ve been in crypto since 2017. I’ve seen bear markets, rug pulls, and fake ICOs. But AEX? This is the kind of platform that makes me want to quit the whole space. If we don’t call these out, we’re complicit.

    • ty ty
      ty ty
      November 26, 2025 AT 06:39

      Wow. You wrote a whole essay. Did you get paid to do this? Or are you just bored? AEX is a scam. Everyone knows. Now go outside.

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