AAFX Trading Forex Brokers Reviews

Too bad, that the full list of shares is available only with $20000 deposit. I’ve been trading seriously and investing in stock markets for a while. That`s why it is not an issue for me, but it can push away some newcomers. I recommend a broker to reduce the barrier, and then it would be just perfect. Sometimes I order long trades as well, so sometimes the spread has an influence on my trades. But, when I trade on GBPUSD and EURUSD, i don’t spread at all.

2000 upto  leverage

Its interface is rather intuitive, although some traders may want to search for tutorials to take a deep dive into MT5’s capabilities. In general, advanced traders would have no problems with MT5, while beginners may need to spend some time learning the fundamental features of the platform. AAFX Trading provides competitive spreads for Apple and Tesla at its Fixed Account.

ECN Account

They also feature an automated risk management system on their platforms to prevent account balances from going negative during trading. Additionally, all account funding options feature SSL Security ensuring secure transmission of sensitive information. aafx trading Despite their lack of wider geographical regulatory compliance, these security measures indicate a commitment to customer fund safety and transactional security. Good customer service is super essential for growth and attracting new clients.

One of the best “growing” brokers

However, the regulator is known to be less than strict, and there are no other regulatory entities that supervise the broker. This means that the safety level is not very high with this broker. The EasyMarkets signup bonus is structured as a + 50% or up to USD 2000 bonus program.

What are the best features of AAFX as an online forex broker that everyone should know?

As expected, traders have access to the standard features of the MT5 mobile app. If you’ve previously worked with the MT5 app, you’ll be able to begin trading in a short period of time. AAFX offers swap-free versions of all three account types. The swap-free accounts are also known as Islamic accounts. In order to abide by the religious law of Islam, the accounts do not charge traders with interests when keeping positions open overnight. When traders open accounts, they automatically get swap-free accounts since the broker doesn’t have swaps.

Account Type

Withdrawal requests are processed within three business days. 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.

User Experience

The managers of the company warned me that using a large leverage is dangerous, but I use it only in those transactions of which I’m sure. AAFX provides me absolute freedom, as I can use small or large leverages on my own decision, broker doesn’t restrict me. Other features are also good, especially withdrawal time, usually I get my money in 24 hours.

  1. The company offers a course of educational videos and also electronic books.
  2. But that is not what really attracted me to the broker, because I do not even use the max leverage.
  3. AAFX’s offering of platforms and tools may be limited, but its range of assets is fairly diverse, and the low spreads keep trading costs competitive.
  4. When traders open accounts, they automatically get swap-free accounts since the broker doesn’t have swaps.

The first time I encountered such a rogue in foreign exchange, this platform gave a star to it. AAFX is a legally registered forex broker located in Mwali, regulated by the Mwali International Services Authority (MISA). This is due to the strict regulations enforced by the United States Securities and Exchange Commission (SEC) and the National Futures Association (NFA) on forex trading activities. The company https://forexbroker-listing.com/ has grown over the years to become a well-established forex broker, and it is regulated by the Financial Services Authority (FSA) in Saint Vincent and the Grenadines. At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions. The MT5 mobile app allows you to place market orders, limit orders, and stop orders.

The process of registration was the smoothest in my life. I have tried many brokers available on the market, and here everything was done within few clicks. After I opened and closed a couple of orders on the platform in the demo envronment, I decided why not to try real trading then. Precious metals are another dependable investment for traders.

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Just keep in mind – you shouldn’t risk the amounts you cannot afford. This applies not only to Forex brokers but also to any active investments. I think that some assets here, like XAUUSD, bitcoin and some other could have had better spreads. For currencies trading this is probably the best offer ever. The broker is reliable, have been trading here long enough, no catch. In general, it is quite comfortable to work with AAFX, the brokerage provides quite favorable trading conditions.

I should say that I chose this broker solely to work with classical financial instruments, such as currency pairs, energies, metals, indices, etc. I’m reluctant to deal with crypto because digital coins are extremely unpredictable. They are unregulated that makes them very dependent on news. Euro, Pound, Gold and Crude are more attractive for me as a trader because their behavior can be explained logically. I can’t say anything bad about the trading process with this company. My orders are executed as it should be without any attempts to cheat on the part of the broker.

AAFX Trading has a customer service rating of 3.9 stars on Trustpilot, based on 109 reviews. While this rating is quite good, there have been some negative reviews about the broker’s customer support. The safety of client funds is a top priority at AAFXTrading. They ensure this through several measures such as segregating client funds from the company’s own funds preventing misuse under any circumstances.

The platforms are also available for mobile and tablets. AAFX Trading has one entity that is registered in St. Vincent and the Grenadines. This is an unregulated entity that provides negative balance protection and holds clients’ funds in segregated accounts. The segregation of clients’ funds ensures that the broker cannot use them for the company’s own purposes. With negative balance protection, clients cannot lose more money than they have in their accounts.

It will be convenient to trade with AAFX broker for those, who know how to do it and doing it actively. Here you will find profitable spreads and good execution of the deals. I think it will be beneficial and convenient for experienced traders. But newbies may find conditions kind of harsh in the beginning. You will have to learn everything on your own, with the help of demo- account, and internet. And secondly, there are no programs like PAMM accounts or deals copying, which kind of allow to earn even without knowing the market.