The most important aspect to look for though is trustworthiness. You need to be able to fully trust your broker before depositing your hard-earned cash into a trading account on their platform. In this review of AAFX, we’ll dive deep to find out everything worth knowing about this broker. We’ll discuss its trading fees, safety and security, policies, trading software, research capabilities, educational material and more. In addition, if you decide to open a live trading account with AAFX, you will find a useful step-by-step guide.
AAFX Trading does offer its clients an educational video library that is available in both English and Arabic. The videos cover a wide range of trading-related subjects, including MT4, trade strategies, crypto-currencies, and more. New clients of AAFX Trading should try and gain as much information as possible about what type of trading expertise will be needed to be effective in the world of forex and commodity trading. AAFX Trading’s website should provide all the information one needs to gain skills and knowledge to be able to trade successfully with them. When a broker is regulated by a governing regulatory organization, the risk is lowered for traders.
This shows that AAFX Trading is committed to providing excellent customer service to their clients, continuously working to improve in this area. AAFX Trading has been operating as a forex and CFD broker since 2014. As this AAFX broker review indicates, the company is regulated by the Financial Services Authority (FSA) of Saint Vincent and the Grenadines.
- Trading is going smoothly, but I’m a little surprised that the support service operates 6 days a week, not 7.
- While this regulator is not well known, it has stringent measures in place to ensure deposit safety.
- It’s an ideal broker for someone like me who likes to diversify their portfolio.
- All accounts are commission-free, and there is relatively high leverage available on many instruments.
- The website is well-designed, with intuitive navigation and a clean interface.
What documents are required for AAFX account verification?
Managing your money here is like ordering takeout—fast deposits, but withdrawals? I tested every payment method while binge-watching Suits reruns—here’s what you need to know. Let’s get real about safety nets—what separates a “trustworthy” broker from a loose cannon?
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There are no deposit fees, withdrawal fees, or inactivity fees which is a good thing. Both fixed-spread and floating-spread accounts are available, and the trading fees depend on the account type you pick. Trading fees on EUR/USD start from 0.4 pips when using the VIP account. For ECN account users, spreads start from 0.6 pips and average markups on EUR/USD are around 0.8 pips. In order to better understand the fee policies of AAFX, let’s compare it to other brokers.
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The clients of the company can work with currency pairs and CFDs on stocks, equity indices, energies, precious metals, commodities and cryptocurrencies. AAFXTRADING is an STP and ECN broker, which was founded in 2014. The broker is headquartered in Hong Kong and has offices in Australia and in Saint Vincent and the Grenadines. AAFX Trading Company Ltd is a registered online trading broker with the company number IBC , based in Saint Vincent and the Grenadines.
- However, you must do your own due diligence and make your own decisions when choosing a broker.
- AAFX Trading offers all its clients negative balance protection, ensuring that they cannot lose more than the balance in their trading accounts.
- That’s $20k minimum, but you’ll skip withdrawal queues like a theme park fast pass.
- AAFX has a competitive offering for both fixed and variable spreads.
Is AAFX Trading regulated?
Requiring KYC (Know Your Customer) information to open a profile does not mean a company is a scam. Please note that we do not require any documents to open a demo account. If you are a genuine trader, please provide us with your account number so that we can promptly investigate and resolve any issues you may be experiencing. The broker does not have cent accounts, so the training on the demo account is the only way to test the knowledge you obtained. The company offers a course of educational videos and also electronic books.
AAFX Trading offers different lot sizes, allowing traders more flexibility and control over their trades. The minimum lot size for trading on AAFX is 0.01, also known as a micro lot, which is ideal for beginner traders who want to minimize their risks. AAFX Trading offers clients a range of advanced trading platforms that cater to the needs of different trading styles.
We find AAFX not to be the best option for those looking for social trading. This is because it does not provide enough resources aafx trading review for this purpose. This broker is registered in St Vincent and the Grenadines and operates internationally including in the US. Moreover, it has offices in Australia, Hong Kong, and Australia.
AAFXTrading offers a range of features and services that make it a versatile choice for traders of different backgrounds and experience levels. Geographically, AAFXTrading accepts clients from all countries, making it accessible to a global audience. This broker is particularly useful for traders who prioritize fast withdrawals and instant execution, as these are among its top features. For novice traders, AAFXTrading offers educational tools to help develop their trading skills and knowledge. The availability of free demo accounts allows beginners to practice trading strategies without risking real money.
AAFX is a dominant Forex broker offering over 1000 tradable instruments to clients in 150 countries. This broker has 3 main account types, including Fixed, ECN, and VIP accounts with spreads as low as 0.4 pips. Moreover, AAFX Trading offers excellent customer support services, which include an extensive knowledge base, live chat, email support, and phone support.
The company offers Foreign Exchange and CFD trading on multiple trading platforms, including the globally popular MetaTrader 4 platform. That broker is very suitable for everyone, especially those who want to achieve positive results. They offer welcome bonuses by fast and easily opening a real account with zero commission rates. If you want to learn how to make money on AAFX, read the Traders Union article. AAFX Trading offers trading in various instruments including Forex, CFDs on stocks, indices, commodities, cryptocurrencies, and precious metals.
Tradable instruments
Firstly, they fall under strict regulation of the Financial Services Authority of St Vincent and the Grenadines. While this regulator is not well known, it has stringent measures in place to ensure deposit safety. What a question… One is a long-term trader, another one is a short-term. But I have some doubts that someone just going to give away the details of their strategy.
We have thoroughly analyzed all companies legally providing trading services in your country and created a ranking of the best ones. Our analysis highlights companies that offer optimal working conditions, uphold a strong reputation, and consistently receive the highest number of positive reviews from traders on our website. From stat-arb and trend-following CTA to fixed-income relative value. Firm’s he has worked at include big banks like Citi, and prominent hedge funds including D. AAFX Trading does not charge any fees for deposits and withdrawals made through credit and debit cards and electronic wallets. There are also no fees for deposits and withdrawals of over $10,000 made through Wire Transfer.