AAFX Trading review: broker pros and cons by Willard Brown AAFX Trading reviews

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Both cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money. They offer different types of accounts for you to choose from. All accounts are commission-free and there is relatively high leverage available on many instruments.

Labeled Verified, they’re about genuine experiences. Ripple is also popular amongst large banks with the Ripple network a next group real-time gross settlement system. It gives a trader instant cross-border fund transactions at very low costs.

aafx trading review

I took a break from trading for a couple of months before I recently opened an account with AAFX. I think the reputation of this company has long been positive and justified by the feedback from many satisfied customers. AAFX support claims there are no swap fees at all.

Such attitude to algorithmic trading is a normal practice among forex brokers. Trading robots create additional work for them and overload the basic software. In addition to that, a regular trading robot might be a guise for a hacker program or other malicious software. Most brokers are reluctant to take such risks and therefore prohibit the use of such programs. If anyone tries to use them at his own risk, he must be prepared to face the consequences.

AAAFx ensures to provide a one-stop and the best solution for every trader’s needs with the multiplicity of trading platforms offered. I would personally opt for the MetaTrader 4 platform as I find it to be the easiest to use. I can do everything from analysing the charts to placing and managing positions with minimal hassle.

The trading platform is the MT4 software for both computers and mobile devices, so you will have no issues using it. AAFX Trading is an unlicensed broker and should be avoided at all evnets. AAFX Trading claims to be operated and owned by AAFXTRADING COMPANY LTD, a registered entity with SVG FSA under the registration number IBC.

I have absolutely no problems trading cryptocurrency, so I think that you will have neither. It’s really some little things – the bonus programme and the unlimited demo. In particularly it feels when u talk to support.

AAFX Trading provides their clients with the popular MT4 as a trading platform. This platform offers traders a range of charting tools, alerts, and technical indicators. It is capable of integrating a range of third-party apps and add-ons, so it can be highly customised according to your needs. The brokerage company has two types of trading platforms. I also wanted to know that if I fail, I can always go back to MT4. AAFX offers opportunity to use both fixed spreads and variable ones.

RISK WARNING

All typical indicators are included – MACD, Williams R, Parabolic SAR and so on. Moreover, it seems you can adjust them and add new by downloading and installing add-ons. I guess that it’s very importanr for a broker to have several types of trading, because it make it more variable. Three months ago I tried a risk and did not lose it, it seems. I will say that I immediately deposited a small amount in AAFX Trading, and then day after day I realized more and more that it was really a great ticket to a good wealthy life. Not everyone knows how to take advantage of it, but I don’t want to miss this chance.

There ar over 1000 trading instruments and all basic forex markets including cryptocurrencies. AAFX Trading account types depend on the investors’ capital, preferences and experience. All trading fees are incorporated into the spread. The broker offers commission-free and highly leveraged trading along with daily market news, technical analysis and educational material.

AAFX Trading meets my main requirements – stable execution, orders are always able to enter the market, spreads are minimal, and even on strong news the spread is within adequate limits. And the support is great as well, if something needs to be clarified they give me the explanations without problems, even if I am a little bit slow in asking questions. Moreover, what was really wondering to me is the presence of redeposit bonus, y’all heard about something like this? Guess no) It offers redeposit bonus also for every redeposit 25% bonus on $500 deposit and 30% on $1000 or more deposit. At least I am passionate about bonuses and always try trading them. If I didn’t attend the website I would never be able to find otu that this broker offers welcome bonus.

aafx trading review

As long as you have a good internet connection and you are a registered AAFX user, you can withdraw funds from your trading account. There are slight differences as Retail currency traders use these brokers to gain access to the 24-hour currency market for theory purposes. Forex brokers can also provide services to not just individual traders, but also provide for institutional clients and large businesses, for example, investment banks.

Are there any regulatory warnings against AAFX Trading?

The second unique feature is their commission-free ECN account. As you know, today all brokers charge fees for tight spreads on their ECN accounts. At first, I was happy about that but then I discovered one intricacy. So, the company doesn’t allow to hold a trade Forex Brokers for less than sixty seconds. Even if you try to break this law and manage to earn something for less than a minute, your gain will be taken by the broker. However, I think it’s no problem to adapt to this restriction and scalp profitably with this broker.

The user states that AAFX Trading does its job properly and there have been no issues during his trading experience. The number of assets is quite big and it allows different traders to gather the best portfolio for themselves in one place. Yes, this company provides working conditions that comply with U.S. regulations, so that you can work here without problems. Credit / debit car, Skrill, Neteller and cryptocurrencies are the fastest and cheaptest ways to deposit money. However, you may need to use wire transfer for withdrawing your profit.

  • Finally, I stopped at this broker and I’m happy that I made such a decision.
  • And I would like to emphasize once again – in full.
  • That’s why I chose AAFx, this is one of the few brokers that offers its services in the USA and meets all the requirements of this country.
  • The platform is available in mobile and web versions, and for all devices – Windows, Mac, iOS, Android.

So the main thing is to trade wisely and not to forget about the pitfalls. I started trading with Forex brokers over 5 years ago. I have used the services of various companies and am currently trading with AAFX Trading. Trading Forex and CFDs involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved.

As a US customer, they only allow BTC withdrawals. Which is totally fine, since you can withdraw directly to your exchange and transfer to fiat. However, Aafx uses such low transaction fees (53 sat/vB), it takes between hours for the blockchain transaction to be confirmed.

Shortly – statement that offshore registration equals to unreliable broker is wrong. Let’s start with the basics of economics – rich countries have more money. According to the law of competition, they want to protect their dominance. If the country has more money, the prices are higher, but the income is also higher.

Brokers By Licenses

The ECN spreads are quite favourable and almost do not expand on a calm market. I started with a demo account with another broker. I began to actively trade when I found an AAFx broker. I went through several training courses on trading on the exchange.

In fact, it looks like the brokers from top 10 Google search for “forex broker” don’t seem to care of customer service at all. If you don’t care to provide your customers with proper care before they invest some money, how do I know that you will care afterwards. With AAFX I found that customer support replies in like 20 seconds and the answer is always exactly about what I wanted to find out in details. I decided to join this broker because I urgently required a broker with fixed spreads and I found it to my great luck. I’m also pleased to trade here without commission. I trade on news, so it’s crucial for me to have fixed spreads at hand.

aafx trading review

Of course, you can’t expect to make a lot of money in the first six months. 2) 30% Redeposit Bonus – Existing clients will be able to enjoy this special 30% bonus on top the amount they deposited. Redeposit Bonus of 30 per cent – Existing customers will be able to enjoy an exclusive 30 per cent bonus on top of the amount they deposited.

Company activitySee all

Scalping doesn’t have such a downside because in this case you can trade every day and nearly on any asset regardless of the market situation. In fact, this broker offers a great variety of services – this is pure truth. So, this broker has really interesting trading conditions that my other brokers did not have. AAFX Trading is a an offshore broker that become quite popular in the last few months. Although it is a suspicious choice because of its location, many people state that it is a really trustable service. In any situation I prefer to have a choice, because some frames are always limitations that may not allow you to find your way and your approach.

More than hundred thousand of forex beginners and traders have chosen AAFX as their forex service providers and open their forex trading accounts. The next two types are the VIP and Swap-Free accounts. The former is suitable for traders who operate with high sums and provides them with the lowest https://broker-review.org/ fees possible. VIP users also get additional bonuses and gain access to all the available instruments. The latter is suitable for people who want to take advantage of the absence of any commissions. As for trading conditions, there are several trading platforms including MT4 and MT5.

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