aafx trading reviews

Clients in other regions must use the provided international line. For instance, they require brokers to segregate deposits and submit a periodic report on how they are used. 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.

User Experience

Although for many traders such leverage is advantage.Therefore, everyone can draw his own conclusions about this broker. Your other market instruments consist of Commodity markets which offer different asset opportunities for traders. Investing in contract-based tradable goods is a dependable way to alleviate risk during times of inflation or economic uncertainty. AAFX Trading is a forex broker company that has headquarters in Australia and Hong Kong.

Funds security

This proves, that the company is really reliable and respectable since American supervisory bodies are picky on brokers, which work with American clients. But in the rest AAFX is not exactly very popular broker. And this is quite strange, as the company offers beneficial trading conditions, tight https://forexbroker-listing.com/ spreads, and very small deposit requirements. Also, AAFX has a few options for the bonus on deposits, you can get even 35% for the first one. When you reach a certain trading volume, you can even withdraw this bonus money, and until that they are just helping you in trading as additional assets.

aafx trading reviews

Dangerously risky withdrawal process

In this light AAFX is just another broker who has chosen to follow the demand, not the rules of politicians. Offered spreads are as low as 0.6 pips, over 80 Technical Analysis objects, and many other features. AAFX Trading offers the MT4 as its trading platform coupled with a variety of third party trading tools. MT4 is the most popular trading platform in the industry. We find AAFX not to be the best option for those looking for social trading.

aafx trading reviews

Best Brokers for Beginners

My testing revealed that spreads on the Fixed Account were generally above the industry average. However, it’s worth noting that AAFX Trading doesn’t charge any commissions or swap/rollover fees across its account offerings. This selection of options is sufficient for mobile-based trading.

aafx trading reviews

With the MT4, you need not worry about memory or speed of your device since the apps are lightweight and do not require much space or computing resources. For more details about the categories considered when rating brokers and our process, read our full methodology. We collect data directly from providers through detailed questionnaires, and conduct first-hand testing and observation through provider demonstrations. The final output produces star ratings from poor (one star) to excellent (five stars).

AAFX Trading does not charge inactivity fees, but it’s best to check with the broker for the most up-to-date information regarding any other fees. 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.

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. For frequent withdraws some of the merchants like Neteller keep funds on hold for 7 days so this kind of withdrawal will process in 8 to 15 business days. When you get the bonuses, they become part of your capital and you are free to use them in trading. And you can withdraw them from your account after a full workout. It’s convenient and profitable, especially if you trade on a regular basis.

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 minimum withdrawal amount is $50 for most methods, and the maximum withdrawal amount varies by method. Withdrawals may take between 1-7 business days to process, depending on the method used. Each method has a minimum and maximum deposit amount, and most deposits are processed instantly. Local bank transfers may take 1-2 business days to process. The company 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.

You may need to learn how to create watchlists and manage your trading positions. Despite the initial time and effort required, traders who invest in this learning, ultimately gain a powerful tool that helps achieve better trading results. My tests indicated that AAFX Trading offers low spreads for Apple and Tesla. The spreads for Gold fall within a medium range, while those for EUR/USD, GBP/JPY, WTI Oil, Dow Jones, DAX, and BTC are high. I’d note that the spread for BTC is extremely high, so traders who are interested in Bitcoin should choose other options available in the marketplace. Each regulator has its own requirements for brokers, which may differ substantially.

  1. My testing revealed that spreads on the Fixed Account were generally above the industry average.
  2. These accounts provide variable and raw spreads that may be more favorable for advanced trading strategies such as scalping and hedging.
  3. Instead, you pay a deposit, which is called margin, while the remaining funds are borrowed.

Moreover, AAFX Trading offers excellent customer support services, which include an extensive knowledge base, live chat, email support, and phone support. AAFX Trading is an excellent choice for traders looking for a reliable, customer-oriented broker with a aafx trading track record of excellence in the forex industry. In more than 15 years of trading in the financial markets, Vladimir dealt with a wide range of brokers and financial instruments. His career as a day-trader at a proprietary trading firm goes back to 2007.

Now it is almost 6 months since I’m trading here and everything works well for me. I hope that shortly I will make my first withdrawal, I have already some income, and then I will be able to help others with some recommendations. 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.

That’s like people that overestimate chance to get seek cause of coronavirus, but underestimate other probabilities. For example, for a beginner I would recommend using Metatrader 4 or its light version for web trading. It well known that only broker with right terms and conditions for traders will be successful, stable and won our authority at the end.I want to trade comfortly so that’s why I’m here. Broker support customers with welcome, redeposit and refer a friend bonuses.

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