It’s essential to conduct your own research and consult with a financial professional before making any investment decisions. So simply use the same method that was used for the deposit and you should have no problems from there. TradingFinder.com assumes no responsibility for any potential losses or damages. Past results are no guarantee of future success, so make your financial and investment decisions with utmost care. However, the regulator is known to be quite average in strictness, and unfortunately, there are no other regulatory entities that supervise this broker.
Despite claims of being fully licensed and regulated, AAFX Trading is not overseen by any reputable financial authority. The Hong Kong Securities and Futures Commission (SFC) has issued explicit warnings about the firm’s unauthorized operations. Commodity Futures Trading Commission (CFTC) has included AAFX Trading in its red list, indicating unauthorized financial activities. AAFX Trading can be a suitable option for traders seeking a user-friendly platform, a diverse range of instruments, and competitive fees. However, it’s essential to be aware of the potential drawbacks, such as limited regulatory oversight and potentially higher spreads for certain instruments compared to competitors.
As we will see later in this review, the MT4 is the number one trading platform across the globe. This broker does not have its trading platform, which is okay given that the MT4 serves all the purpose. It looks like you are capable of learning, collecting information and making your own conclusions. These are the skills that are highly desirable to get successful in trading. I personally disagree that intuitive trading is the highest level of trader’s evolution, but you do need the experience, this is for sure. Demo trading or trading with small risk is a good way to get some.
Learn Forex Trading
This ensures that the broker cannot use clients’ funds for any other purpose other than the intended one. Moreover, this regulator requires brokers to insure deposits and ensure that depositors get paid first in the event of bankruptcy. The MT4 enables traders to analyze the markets, perform advanced operations, and engage in algorithmic trading through Expert Advisors (EAs). Traders can buy EAs from the market or hire developers to build their strategies into trading algorithms. Furthermore, those with basic coding skills can use the MT4 MQL4 integrated development environment to develop their trading robots. Another advantage of the MT4 is that it is customizable to fit user preferences.
Opening an AAFX Trading Account: A Step-by-Step Guide
- Any rates, terms, products and services on third-party websites are subject to change without notice.
- Furthermore, their customer service agents are knowledgeable and well equipped.
- They also have an excellent customer support team, which is available 24/5 to assist clients with any queries they may have.
Withdrawals may take between 1-7 business days to process, depending on the method used. AAFX Trading is a regulated broker, it is regulated by the International Financial Services Commission (IFSC) of Belize. You can find videos on basic forex education, as well as explaining fibonacci or candlestick patterns.I found cryptocurrency videos especially informative, as I wasn’t so into crypto these days. I was wrong, crypto is a phenomenon, with great technology in the background. It is extremely easy to talk to their staff on their website as each page has access to chat with one of their team members who are always helpful and friendly. Their website is also user-friendly making it easy to find the information you need.
Moreover, the broker allows copy trading where new traders or those without time to do trading research can replicate the trades of professional traders. 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. The biggest selling point that differentiates AAFX from other leverage brokers is the extremely high leverage offering.
As mentioned above, AAFX Trading is a non-dealing desk (STP+ECN) broker. This type of broker acts as a bridge between clients and liquidity providers and mostly charges variable spreads. Jugore, you can use the leverage in any case, I haven’t seen any forex broker trading without the leverage, especially on Metatrader. We evaluate AAFX Trading based on key metrics such as domain stability, user reviews, customer loyalty, popularity and web mentions. Our analysis provides a snapshot of how AAFX Trading is performing, helping you understand whether it’s building trust, maintaining customer loyalty, or facing challenges. It’s crucial to compare AAFX’s spreads with other brokers to ensure you’re getting a competitive deal.
AAFX Broker Trading Platforms
The video course is published on the broker’s official website and also on AAFXTRADING channel on Youtube. Over the years of working with the analysis of financial companies, Traders Union has accumulated a significant knowledge database. Our analysts know how to distinguish scams from reliable companies.
Pros & cons of AAFX account types
- Response times via live chat are generally prompt, making it a good option for urgent queries.
- This consists of the trading in gold and other precious metals which are hard commodities.
- Traders can download this platform straight from AAFX Trading website and follow the provided installation guide.
- Some of the lessons that are available without registration include an introduction to forex trading, trading terminologies, and fundamental trading strategies.
- The company offers Foreign Exchange and CFD trading on multiple trading platforms, including the globally popular MetaTrader 4 platform.
- AAFX Trading MT4 comes with a variety of functionalities among them over 50 technical indicators and charting tools.
The platform works stably, order execution is fast, which is especially important for active trading. In addition, customer support is always on the phone and ready to help at any time. I am very satisfied with my choice and recommend AAFX to everyone who is looking for a broker with favorable trading conditions. The difference between the two accounts is in spreads where the fixed account charges a fixed spread of 2 pips on all majors.
WHAT DID OUR TRADERS THINK AFTER REVIEWING THE KEY CRITERIA?
Those who hold this account type enjoy 100% ECN spreads and can request additional tradable instruments on top of what is presented on the AAFX Trading website. It is not clear how this broker makes money on this account with the 100% ECN spreads and zero commissions. Margin trading is available, automated trading is allowed, and access to MetaTrader (MT4) and MetaTrader (MT5) is offered which is similar to other account types. However, in order to open this account type, traders need 20,000 USD minimum initial deposits.
We have determined that their platforms have the highest standard of encryption and hence, cybercriminals cannot intercept web-traffic and steal billing details. Moreover, this broker only transacts with reputable financial institutions. Asktraders is a free website that is supported by our advertising partners. As such we may earn a commision when you make a purchase after following a link from our website. If I remember correct, authors opinion was that trading system rules at all times. So based on my experience I can not either approve nor argue this.
This tool will help you choose a legal broker in your country
All research on various indicators, oscillators, smart robots, and artificial intelligence is conducted separately from our advertising department. AAFX has numerous bonuses such as a 35% welcome bonus, a redeposit bonus, and an iPhone/iPad promotion. To be updated with all the latest news, offers and special announcements. All information presented on TopBrokers.com website, including charts, quotes and financial analysis, is informational and doesn’t imply direct instructions for investing. The minimum withdrawal amount is $50 for most methods, and the maximum withdrawal amount varies by method.
Regulators also enforce stringent control over client account segregation, conduct annual audits of broker financial statements, and monitor operational transparency. I recommend completely disregarding any mentions of such companies and refraining from doing business with them and its affiliate bodies. If you are already a client of such a company, immediately explore all options for getting your money back, up to filing a complaint with the financial oversight authorities and courts.
Traders aafx trading review only pay the spread, which varies depending on the account. This makes it cost-effective, especially for high-volume trading. Trading hours, minimum/maximum lot sizes, and leverage details are clearly specified for each instrument, allowing traders to decide based on their trading strategy and risk appetite. These powerful platforms are backed by AAFX’s rapid execution engine and zero-commission trading model, providing a seamless experience for both beginners and advanced traders. AAFXTrading provides access to MetaTrader 4 and MetaTrader 5, the most widely used trading platforms in the Forex industry. These platforms are available on desktop, web, and mobile devices (iOS & Android), and support the full range of trading strategies.