Be careful and verify your information through multiple sources. 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. Help future customers by talking about customer service, price, delivery, returns & refunds. I’ve been trading with this broker for four years now.
Needs to review the security of your connection before proceeding. AAFX broker is offering a Live account, Demo account, and Swap-free Islamic account. Sign up to our newsletter in order to receive our exclusive bonus offers and regular updates via email. Compare broker See what benefits one offers over the other. Find Your Broker We helped new traders to find their path. This broker did not score well during our testing process and is not recommended by our experts.
Learn Trading financial markets has never been easier. Trust and regulation are some of the most important factors to consider when choosing a Forex broker. Trust in the Forex trading business is almost entirely founded upon regulation.
I also did submit withdraw once of about $6000 and they processed same day. I made a decision to join this broker once I learned that it offers fixed spreads. I never trade in the daytime because it brings me nothing good, while I perform better at night as a trader. Fixed spreads never change and it makes my night trading less stressful.
AAFX Reviews on Fulfilling the Bonus Requirements
I haven’t been trading for a long time, so the first thing that attracted me to AAFX was the education and detailed technical analysis. You know, it’s essential to have the information you can rely on. There are acceptable terms of trade in the AAFX. They are especially suitable for those who follow a high-leverage strategy. I missed the opportunity to copy trades in the company. I can specifically mention the mobile application of this brokerage company.
Actually, my switching to aafx was quite an unpredictable move of myself. The thing is that I used to trade with another broker which turned out to be a pretty suspicious organisation. I just came across with wome talks or gossips on the internet telling that the broker is on the vege of collapsing. Surely, I didn’t want to waste time without trading and started asking my friends for a piece of advice and they told me that aafx is a decent broker which can be worked with.
And of course, thirdly, there are no commissions or any hidden fees. Everything’s transparent, they’ve made everything so that the client will be fine. As soon as I invest money or am interested in some company and not only in trading, I immediately come across negative reviews.
One comment on “AAFX Trading”
This consists of the trading in gold and other precious metals which are hard commodities. A lot riskier is your energy products because this is affected by political and environmental situations. The great supply and demand however of this make it a popular trading choice. Each broker charges its own costs which entail commissions, spreads, and margins.
AAFX Trading is regulated by the Financial Services Authority of St. Vincent and the Grenadines. This regulator is not as known globally as other regulators but has all the measures to safeguard users’ deposits. AAFX Trading operates globally and is among the few brokers that accept clients from the US. The choice about which platform to choose mostly depends on what a client would like to trade, therefore it will be one of the standards when choosing a broker too. AFX Trading offers its clients a variety of bonuses, promotions, and rewards.
- All these licenses, agreements and so on can be purchased or downloaded from somewhere.
- Any referrals to 3rd parties may have computational rewards.
- I got tools for technical analyse like charts, indicators, depth of market, visual tools.
- Many months ago I chose AAFX Trading for an objective reason, my colleague told me that this broker does not create problems and one can work here with a small investment.
- This methodology considers over 200 criteria points, covering the categories of safety, fees, platforms, products, payments and customer support.
- If a broker has a score less than 80, like this one, we won’t recommend it to you.
The minimum deposit amount is only $100, you can start trading on a real account starting from such a small amount. I myself have been trading with them for no more than a year, but after meeting them I left other platforms, here for my strategy the best trading conditions! https://forexbroker-listing.com/ Two colleagues at work have been trading with this DC for about 8 years, they have never complained. I think what attracts most clients here is having two adequate trading platforms and access to a lot of leverage, because that can be helpful in their work.
I set myself priorities and I want trading to be my main source of income in three months. I began to learn to set goals and move towards them, this is one of my objectives. I came to this after several webinars, which teach to fight laziness, set goals and achieve them.
Traders should be aware of exactly what their broker’s fees will involve before making the decision to trade with them. It is registered with the Saint Vincent and Grenadines FSA, but that organization has made it plain that they do NOT regulate forex trading, cryptocurrency trading, or binary options trading. When I was looking 4 a broker, I was convinced that this is always a compromise between solidity and functionality.
AAFX Launches Meta Trader 5 Trading platform
Its entry-level accounts have a minimum deposit of 100 EUR, but high trading costs, with spreads of 2 pips (EUR/USD) on its Standard Account. Trading costs improve significantly on its commission-free VIP ECN Account with spreads of 0.5 pips (EUR/USD), but this is in exchange for a minimum deposit of 20,000 EUR. With a broad range of tradable assets and a number of accounts with higher deposits linked to tighter spreads, InstaForex appeals to traders looking for flexible trading conditions. To successfully predict the price movements of an instrument, traders will need access to frequent market research and analysis. We find that research and market analysis are always better when they are produced in-house and updated frequently.
What is the number 1 trading platform?
- Merrill Edge.
- Interactive Brokers IBKR Pro.
- J.P. Morgan Self-Directed Investing.
- Ally Invest.
- Zacks Trade.
Not all brokers publish their trading costs, so we often open accounts and trade on their platforms to verify the spreads and commissions. Based on our reviews, we found that AAFX Trading has overall lower trading costs than InstaForex. The roots of forex that is foreign exchange market can be traced backed to the end of 1970’s after many countries decided to unpeg their currency against dollar and gold. Forex or FX or Forex market became a decentralized hub for currency trading.
In my opinion, it is an excellent solution for traders to trade actively and profitably. If you keep judging all Forex companies by their regulation and some hyped article, you might end up thinking that honest Forex brokers simply do not exist. Here’s a question though, why do people manage to earn on here all the same – and on AAFX as well? I’m glad to find no false promises at AAFX site – broker promising everyone to get rich overnight is a definite NO. As long as they promise only something they can keep control of – I’m OK with AAFX promotions.
When it comes to deciding what broker to choose, a trader has to look at the broker’s stability and reputation over the years. Awards gained by a brokerage by esteemed organizations do provide much more confidence in the world of forex. However, this ECN account is not a miracle to be honest.
I can’t blame them, their tax burden would have been too heavy otherwise. But the other question is whether I want to help anyone pay taxes out of my own pocket? I’d prefer some reputable broker registered in the Pacific Ocean somewhere if this can help me minimize trading costs and still get my money withdrawals in time. When I examined the website for the first time, I noticed that here one may find everything he needs.
We spend many hours evaluating the safety of each broker by delving into their fine print and confirming each one of their regulatory licences on the online registers. The more top-tier authorities a broker is regulated by, the higher its trust rating. Instrument AAFXTrading.com offers leveraged trading on almost every financial instrument. AAFXTrading.com is a market leader when it comes to customer service, offering its clients top-notch products and services in over 20 different languages.
The only available way for US customers to either withdraw or deposit is through bitcoin. I was able to deposit $20k over a week period in $5k increments. Then, the last time when i tried to deposit the $5000 went somewhere else and not in my account. I got to find out that the bitcoin address that they provided me with was not one of their addresses. Now, I’m $5000 short and with no way to recover it. I will not do business with them unless they fix their way of withdraw and deposit funds.
Is ECN better than market maker?
You will often find that the combination of a small commission and a tight spread makes trading with an ECN broker cheaper than with a traditional market maker broker. ECN brokers generally offer affordable trading costs, transparent pricing, better spreads, round-the-clock trading, and a certain degree of anonymity.
There is a demo account where anyone can try their skills. I have spent plenty of time on searching for a proper broker. Everything because previous brokers didnt satisfy my needs. I chose this one, because it seemed to me tat it’s pretty reliable and i was convinced in it, when I applied to customer support here and they politely responded all my questions.
I only deposited 5k and with that 5k and the high leverage that they offered it! A client reported that he wanted to withdraw his funds, approximately €67,000. Then is password was changed, locking him of of the account. AAFXTrading claimed they had an email from him asking for a password change, but also claimed the email address has no headers. One of the most prevalent online trading scams is to initially display profitable trades that give the investor a false sense of confidence, and get them hooked to the idea of ‘easy money’.
Is AAFX Trading Legit or a Scam?
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.
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.