HomeBlogForex TradingAAFX Trading Forex Broker, AAFX Trading Review, AAFX Trading Information

AAFX Trading Forex Broker, AAFX Trading Review, AAFX Trading Information

I opened an account with AAFX Trading after recommendation of my acquaintance. AAFX Trading has all the licenses and the broker proved itself in the best way. Only here I understood not only what it means to make money, but also how you can easily withdraw it to the bank card. I opened an ECN account here which has variable plus spreads. I also take part in an affiliate program of the broker to attract new traders and have already started earning from it.

The list of financial instruments has everything possible, starting from traditional currency pairs, energies and metals, and finishing with ETFs and cryptos. Margin requirements are moderate, leverages allow applying any trading method, although they are getting lower with large account balances above 20K. This broker has one interesting feature that allows it to stand out from other brokerage services. Here you can trade on an ECN account without commission. You know that ECN accounts usually come with a commission – a price traders are bound to pay for tight spreads.

AAFX Trading is one of the world’s fastest-growing Forex and CFD providers. The company offers Foreign Exchange and CFD trading on multiple trading platforms, including the globally popular MetaTrader 4 platform. In regard to what exactly is a Forex broker, it is a firm that gives traders admittance to platforms that let them buy and sell foreign currencies. The different names for Forex brokers are retail forex brokers or currency trading brokers.

This website is using a security service to protect itself from online attacks. The action you just performed triggered the security solution. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. I see both pluses and minuses here too, on the other hand the company has been around for a long time and functions smoothly, so there is confidence, that’s for sure.

I’m trading through the Aafx trading already for more than a year. Before starting the trading and depositing real money, I have carefully checked this company and read the agreement. On the internet I found many reviews about Aafx both positive and negative . Would be really interesting to find out whether it worked out well for you.

AAFX Overall Ranking is 2 out of 10 based on our testingand compared to 500 other brokers, see Our Ranking below compared to other popular and industry Leading Brokers. You may have little or no protections if you choose to trade with unregistered firms that operate outside the United States. Even if the entity you are considering is not on the RED List, always check to see if it is registered with the CFTC before opening an account or paying any money. Using a trustworthy service such as MyChargeBack is critical in this endeavour as a typical chargeback process can often be complex and drawn out without the right guidance. Be careful and verify your information through multiple sources.

Is AAFX Trading Scam or Legit Broker?

Of course, at first I traded on demo account and now I also trade on demo account to test some new strategies. Without real trade practise its just a words, so you may not being afraid of lose all your money, cause of full balance protection from broker. I think that in the modern world of Forex and CFD trading, this broker may be one of the best. I say this becose I was impresed by the trading ofers that are available including interesting bonus systems, large leverag and the MT5 platform. Good management is when there are no questions or issues.

aafx trading reviews

But the money can go differently sometimes come to the card on the same day, sometimes I have to wait a few days. But this waiting is compensated by the lack of commission, only the bank commission may be in my case only for large amounts. I’ve been trading with them for more than 2 years and didn’t have any problems all this time. There are always tight spreads on the ecn accounts. The fluctuations are slight and exist only regarding the news events or something like that.

In which countries does this broker work?

Is it possible to say that aafx is a broker that you can trust. I agree with Nelse Vaaen, I could give 5 start to AAFX Trading any day. I have been trading with them for almost 4 years now and they have never failed. Even the customer services is responsive and helpful.

aafx trading reviews

And here we come to the most important thing. Offshore is not a bad thing, it’s just the same country as the ones called “reputable” in this article. Now the economy has become global and any business chooses the jurisdiction that will allow it to provide the best services. Of course, the U.S. doesn’t like it, which actively promotes the idea that offshore companies should be banned. But it directly contradicts the rules of free capital movement.

Overall AAFX Ranking

Constant vigilance should be applied at all times when sending money online. AAFX Trading is an online trading broker owned by AAFXTRADING COMPANY LTD and located at Suite 305, Griffith Corporate Centre, Beachmont, Box 1510 Kingstown, St. Vincent and the Grenadines. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located. ※ The content of this website abides with local laws and regulations.

We are one of the best forex brokers in the market that will guide you in the whole process. Not all of the traders pay attention to the fees which are charged by the broker but they can take the bigger part of their total profits. However, that is not about aafx because the spreads there are among the best on the market. If you trade with leverage , the combination with the low spreads will give you outstanding trading results. I also agree that tight fixed spreads are really good.

  • One drawback is that the educational materials are poorly presented and lack depth, making it a poor choice for beginner traders.
  • The fluctuations are slight and exist only regarding the news events or something like that.
  • Guess no) It offers redeposit bonus also for every redeposit 25% bonus on $500 deposit and 30% on $1000 or more deposit.
  • When the requirement of the bonus was fulfilled I was able to withdraw the bonus as well.
  • It was hard to believe that earning at the financial exchange is not a fiction, but a reality.
  • I don’t want to praise anybody, I’m not here to advertise.

From this point of view, offshore registration is beneficial both for AAFX and for the trader. The first one pays less taxes and can provide more flexible services, while the second receives better quality services and pay less commissions. I cannot agree with the fact that this broker has a bad reputation, all because I have a lot of friends who trade here – and everyone is happy with the cooperation. I’ve been working here myself for a long time and I rarely come across any technical issues, and I’ve never had any major complaints about the aafx over the years. If we talk about the procedure of withdrawal of funds, it is notable for its simplicity and at the same time, everything is loyal with commissions and spreads. I myself started trading at AAfX on the recommendation of my friends, and now I can personally recommend this broker to those who REALLY want to make money in the market.

I’ve tried both options and find variable spreads to be more favorable unless you like trading news. Definitely there are some drawbacks here as well, like everywhere else. As an example they don’t count expert advisor trades when calculating the turnover for bonus requirements. This is really difficult for a manual discretionary trader to get the withdrawable bonus.

Moreover such brokers compete for every client. So the tech support here always works at 10 out of 10. Lack of commissions is another sign that a broker is unlikely to be ECN. They have refused to talk about it or respond to my messages ever since.

Since AAFX Trading is not regulated, traders have no regulator to ask to intervene if there is a problem. They will be nice while you grow your account and will swiftly approve and disburse your withdrawals until your account grows big enough, then they pounce. He had over $62,000 in his account with no trades open. He was given excuses, then his account was locked and there was no further communication from the company. I have accumulated massive funds in my stock market account, which at the current price is several million.

I had heard about this broker before and read AAFX reviews on the Internet, but I needed a big amount to open a deposit. Previously, companies that had only been around for a month had not bothered me. I used to not worry about companies that have only been around for a month. I opened accounts at any suspicious sites, where I could work with ten dollars, as I was assured by phone and as a result I lost more money than I could earn.

At times, some currency pairs get to zero spread. As per the company’s customer service, I also rate them high. Having worked with a lot of brokers over the years, I can easily score performance for reliable customer service. What many brokers don’t understand is the significance of this department to their success. On this, AAfx has made communication and problem-solving with brokers a notch up high. This broker’s response to my complaints come in matters of seconds and the resolve at which they commit to fixing these issues is commendable.

How Online Trading Scams Work?

People say there is a tradition among traders to lose the first deposit, lol. Spreads are very tight at AAFX, starting at 1.8 pips on fixed accounts. I could not apply for it, because it’s only for accounts with over $500. As far as I’m concerned, the company has been working many years now, so its reliable.

AAFX Trading Pros and Cons

I’ve registered with AAFX this summer and happy to announce that finally this is what I was looking for. AAFX Trading is an offshore broker with many warnings against them. Based on that, we can say that the broker is not safe.

AAFX Minimum Deposit Requirements. Is $100 enough to start trading?

We use dedicated people and clever technology to safeguard our platform. Even for payments made by wire transfer over USD, there are no withdrawal and deposit fees. One praises it for having great leverage and being able to take advantage of bonuses at any time.

You can both speculate the currencies with AAFX and invest the shares – for clients with large deposit broker provides access to any world exchange. So far I’m trading only currencies, but as time goes I’m planning to switch to investing in shares. LOL, the same thing came up to my mind as https://broker-review.org/ well. The condition on which the bonus gets released is reaching necessary level of turnover. This is quite a big volume, millions of dollars turnover. If you don’t really know how to trade, you won’t be able to reach this number without losing some part of your capital on the market.

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