The functionality and tradable assets, everything is there.So I would say that it’s a recommendable forex broker. However, traders should exercise caution due to its offshore regulatory status and limited research tools. While it may serve as a starting point, it’s advisable to test the platform with a demo account and keep position sizes small if trading live. AAFX Trading offers several promotions to attract new users, including generous deposit bonuses and risk-free trading options.
AAFX provides access to the full set of MetaTrader platforms. The biggest weakness of the MetaTrader platforms is that they look a bit dated. MetaTrader 4 (MT4) was released in 2005 and MetaTrader 5 (MT5) was released in 2010. Yes, they look like old windows programs, but they can easily run on old computers as well. MetaTrader’s platforms can smoothly run on even low-budget devices and they are reliable and trusted.
Past results are no guarantee of future success, so make your financial and investment decisions with utmost care. 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. No, of course, you are doing a great job by being curious, but I think that you will have to choose your own path through trial and error.
Of course, whenever money is involved, it’s a good idea to shop around first. Compare AAFX Trading to other similar brokers and see which works out best for you. If this broker offers more for your money, with lower fees, it could be the one for you. During these hours, most users rate the level of customer support highly.
Keep in mind that MT4 was built for trading currencies and if you are planning to trade various asset classes, such as stock CFDs and others, it’s best to pick MT5. In case you have already made your decision to open a live trading account with AAFX, we are here to guide you through the entire process. Registration and account opening is fully digital and the broker provides a user-friendly website.
- The ‘Fixed’ account type is commission and swap-free, offering fixed spreads.
- Traders can speculate on Bitcoin vs USD and Bitcoin vs EURO prices.
- As for tools, there is noting above and beyond those which are built into the platform.
- All are available with a base currency of either USD, EUR or GBP.
AAFX Trading is able to cater to traders from around the globe by having headquarters in several locations. By setting up shop in more than one country, they are able to essentially offer several versions of their services, each of which meet the requirement of a specific location. For example, the St. Vincent and the Grenadines branch will be allowed to accept U.S. traders, while the Australian branch would not. This is actually quite the intelligent business move and may be one which is copied by other FX brokers in the future.
Customer support offices are located in Australia, Hong Kong, and St. Vincent and the Grenadines. The customer support agents are friendly and professional and overall, the customer support provided by this company is good. 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.
AAFX Trading: The Essentials
MetaTrader in particular offers many features to help you analyse your trading and maximise your profits. The financial markets can be an exciting yet challenging arena. AAFX Trading offers a platform and tools to navigate this landscape, but it’s crucial to approach any investment venture with caution and thorough research. Complete training in financial markets such as “Forex,” “Stock Market,” and “Cryptocurrencies” only becomes comprehensive with tested trading tools and strategies.
VIP Account
With offices in Australia and Hong Kong, this broker has grown significantly since it was founded in 2015. It has gained shining recommendations from industry experts and continues to appear on top lists. With the few weeks I have spend on here, I can approve their messages too. Everything is quite nice and I will be trading here for a long time, I guess. TradingFinder.com assumes no responsibility for any potential losses or damages. All decisions are the sole responsibility of the individual.
They won the TradingView’s Broker of the Year in 2022, to name just one accolade. With a range of tradable instruments and great leverage, this is another popular choice for beginners and experts. Whenever you’re looking to purchase something or use a service, you need some reviews to help you decide. A balance of good and bad helps you understand the entire nature of the broker. The good news is that there are plenty of testimonials for AAFX Trading. This covers both previous and existing users as well as industry experts.
Step 2: Time to verify your account
The financial institution or payment processor will also play a role in this, as each will have their own specific turnaround time for payments processing. As mentioned above, Fixed accounts offer fixed spreads, while ECN accounts offer variable spreads and VIP accounts offer raw spreads. The AAFX Trading website advertises spreads as starting at only aafx trading 0 pips. While we did not locate any assets with a spread this low, we did note several that were listed at 0.01 pips. Spreads on all majors currency pairs were starting at 2 pips. Variable spreads are of course always changing, and are therefore subject to change.
- Choosing the right broker depends on your individual needs and preferences.
- Such delays only occur during scheduled maintenance; otherwise, withdrawals are processed promptly for all clients.
- The broker offers competitive spreads, fast withdrawals, and an attractive welcome bonus of 35% (on your initial deposit into your first live account – minimum $500).
- Each method has a minimum and maximum deposit amount, and most deposits are processed instantly.
Tradeville Review
AAFX is legally registered under the name AAFXTrading Company Ltd, and alongside its headquarters in Saint Vincent and the Grenadines, it also has offices in Hong Kong and Malaysia. With some restrictions, it is available to clients across the globe. The fact that AAFX is not currently regulated by any government body may be of concern to clients, especially given the high-risk nature of leveraged trading. AAFX accepts several deposit methods, including credit/debit, bank wire, Bitcoin, Skrill, Neteller, Fasapay, and WebMoney. The only method that requires you to pay a deposit fee is bank wire.
Limited research and analysis tools
When traders open accounts, they automatically get swap-free accounts since the broker doesn’t have swaps. I’ve been trading with this broker for over three years and I don’t want to change the company. Aafx has a very loyal service and all the terms and conditions that I was promised in the agreement are met. Withdrawal funds is carried out in 24 hours, and the company does not take a huge commission and doesn’t do anything like that. For example, I am short of assets and would like to see the company place more emphasis on training its traders, but these are my personal wishes, other traders may have different ones. If you look at any company in this way, you can find some problems everywhere.
For example, these are the convenience of deposit methods, the presence or absence of hidden fees, the speed of processing the withdrawal request. And I wouldn’t like to spend $1000 just to check it out.It’s a good thing that the AAFX understands this and allows you to start with $100. There will be no high profits without enormous leverage with such a small deposit. This is a popular forex broker both in Australia and worldwide. But popularity alone doesn’t mean it’s necessarily the best fit for your needs. For that reason, we’re going to dig deep with this AAFX review.
Trading platforms of AAFX reviewed
The good news is that AAFX Trading covers the industry-standard trading platforms, namely MetaTrader 4 & 5. If you’ve ever used these, you’ll know they come with a range of useful features for all trading levels. However, AAFX Trading also makes it easy to trade on the go with their mobile app. That means you can trade wherever you are, at any time, without missing any great opportunities.
And another positive side of the company is that it is always evolving even though it is already etsablished. Many beginners appreciate the high leverage and ease of account setup, while some experienced traders raise concerns about withdrawal delays or regulatory transparency. AAFX Trading offers multiple account types to cater to different trading preferences and experience levels. 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.
If they really offer the free possibility to use the leverage, then it is very beneficial. The Investing Brokers team have over 15 years of experience in the online brokerage industry and are committed to providing reliable information for all of the brokers that we review. So simply use the same method that was used for the deposit and you should have no problems from there. Still, it’s crucial to read the terms and conditions, as bonus withdrawal conditions may be strict and require high trading volume. Despite the mixed feedback, the broker’s mobile platforms (MetaTrader 4/5) maintain high ratings on both iOS and Android. It’s always wise to test with a demo or small deposit before committing.