AAFX Trading Review: Is AAFX Trading A Good Broker For You?
Posted on May 20 2020AAFX Trading has received mixed reviews from traders on reliable review websites. Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device, anytime and anywhere you want. 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.
- AAFX Trading offers many tradable instruments in the Forex, CFD and commodity markets.
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- For beginners, a library of short video courses called the “Education Center” is offered.
- MT4 is presented with advanced technical analysis tools, including more than 50 indicators and customizable charting tools.
Charting tools
Cryptos have become highly popular recently, and Bitcoin is the most popular among them. Traders can speculate on Bitcoin vs USD and Bitcoin vs EURO prices. It’s worth mentioning that the assets are very limited compared to what other brokers are offering.
Step 1: Open an account
The broker provides extensive educational material, including video tutorials for teaching how to use trading platforms, educational videos on trading, and e-books to help new traders along. In addition, there is daily technical analysis available, however, the research tools are limited with this broker. AAFX Trading is a reputable forex broker with a wide range of services that cater to the needs of traders around the world. With a track record of over a decade, the company has earned the trust of its clients, as evidenced by positive AAFX Trading reviews and ratings on various platforms.
They aim to resolve client issues quickly and efficiently, which is essential for traders who may need help during volatile market hours. AAFX Trading offers multiple account types to cater to different trading preferences and experience levels. However, AAFX Trading has taken steps to improve its customer service, including increasing the number of customer support staff members and improving their response times.
They have also added a live chat option to their website for faster assistance. This shows that AAFX Trading is committed to providing excellent customer service to their clients, continuously working to improve in this area. Trading bitcoins with this broker is available 24/5, which is a drawback, given that the bitcoin market is open 24/7. In addition, the Android version is compatible with Android 2.1 and higher and can be installed on an Android phone or tablet. The mobile platforms of this broker come with almost all the features of the desktop version. Some features available through the mobile app include a demo account, over 30 technical indicators, and fully interactive candlesticks and bar charts.
Energy products include WTI and Brent, while precious metals include gold and silver. AAFX Trading is a brokerage firm established in 2013 that offers online trading services, including forex and CFDs. Registered in Saint Vincent and the Grenadines, the company provides access to various financial markets through platforms like MetaTrader 4 and 5. AAFXTrading is a reliable online broker with a aafx trading wide variety of assets and features that make trading easy and secure.
AAFX Mobile App
They ensure this through several measures such as segregating client funds from the company’s own funds preventing misuse under any circumstances. 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.
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Please note that exchange rates and conversion fees may apply when depositing or withdrawing funds in a different currency from your account-based currency. AAFX Trading is subject to regulatory authorities in Saint Vincent and the Grenadines. Registering at AAFX Trading is quick and easy, and traders must verify their identity through state identification verification and verify their address to trade with this broker.
Also, I watch and read a lot of analyst, reviews, opinions and webinars of professional traders to understand vector of my future trading line. AAFX provides multiple funding options, including bank transfer, Bitcoin, Neteller, Skrill, FasaPay, WebMoney, Perfect Money, Western Union, and MoneyGram. Most funding methods are instant, but withdrawals may take several business days. Once your account is funded, download the trading platform of your choosing and you are good to go. AAFX Broker also provides a user-friendly trading environment with powerful tools and platforms to support trading activities.
The FSA of Saint Vincent and the Grenadines does not regulate forex trading or binary options. For AAFX Trading, the minimum deposit is $100 and the broker offers several deposit methods, including credit/debit cards, Skrill, Neteller, FasaPay, Perfect Money, and local bank transfer. AAFX Trading supports trading in various currencies, including USD, EUR, GBP, AUD, CAD, CHF, JPY, SGD, and NZD. Clients can choose the currency they wish to deposit, withdraw, and trade in, subject to the broker’s terms and conditions. When it comes to the crucial matter of compliance and regulation, AAFXTrading is authorized and regulated by the Financial Services Authority (FSA) in Saint Vincent and the Grenadines. This regulatory oversight ensures that the broker operates within established guidelines and maintains transparency in its dealings with clients.
In this case, the client can use large volumes for operations, which can lead to both large profits and large losses. As mentioned above, AAFX Trading accepts a minimum deposit of $ 100, which means that novice traders can access the platform. Also, AAFX Trading provides comprehensive guidance for developing the skills and knowledge of traders. Beginner traders can access the introductory materials, and they have been assigned a special support agent to help them answer questions and answer them.
Trading assets offered by AAFX
He has a very fast and easy registration process, backed up by the regulatory framework in the framework of registration legislation. AAFX has a competitive offering for both fixed and variable spreads. AAFX offers three account models — a Fixed account, an ECN account and a VIP account. All are available with a base currency of either USD, EUR or GBP. Both the Fixed and ECN accounts are commission-free but have different spread offerings. While the Fixed account has fixed spreads starting from two pips, the ECN account provides variable spreads starting at 0.2 pips.
Usually forex brokers ask not less than $250 or 300 for this type of execution. And considering that it doesn’t have commissions per trade, I would think that AAFX ECN is an ideal option for all scalpers.As they can get competitive spreads and no additional fees required. Good customer service is super essential for growth and attracting new clients. The support is available in over 20 different languages, and the team of customer support agents is accessible via email, live chat, or over the phone.
AAFX Trading has established itself as a reliable and reputable forex broker in the industry. AAFX Trading provides users with tools to copy trades to experienced traders and copy them to their accounts. Copy-trading helps novice traders improve their trading skills by monitoring the success of other trading systems. Moreover, traders can learn to trade in copies without worrying about the impact on their account. With AAFX Trading, traders and clients can trade using MQL5 signals. This is a service for traders where there are both new and experienced traders with their own experience, strategic and even trading advisers, a very useful site for beginners.
- If we summarise all the information, we can say that this is a good broker, if you evaluate it by the convenience of registration, the cost of maintenance and the number of tools offered.
- This means that beginners can refuse if they do not like the demo experience.
- The live chat feature is responsive, and the team is trained to assist with account setup, platform guidance, and trading questions.
Such feelings should beware, because, the main part of success lies in the psychology of the trader. The demo account also shows the real picture of the financial world; however, it excludes real psychology. AAFX Trading is a broker for both beginners and experienced traders. For beginners, a demo account with the same capabilities of a real account is available, which allows beginners to get experience as close as possible to real trading.
Fractional lots allow traders to trade with specific unavailable trade sizes with standard lot sizes. This can be particularly useful for traders who want to implement specific risk management strategies. This helps to protect clients’ funds in the event of the company’s insolvency.
I mean there are no lags when you can’t open the order for several seconds. The functionality and tradable assets, everything is there.So I would say that it’s a recommendable forex broker. However, this broker doesn’t offer credit or debit deposits and withdrawals, which could be a major downside for many traders. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose. AAFX Trading is a suitable option for traders seeking high leverage and a straightforward trading experience via MT4 or MT5.
