AAFX Trading Broker Review
Regulated by: FSA
Headquarters: Saint Vincent and the Grenadines
Ranking: 20
Spread: 0.3 pips (EURUSD)
Leverage: 2000:1
Minimum Deposit: $100
AAFX Trading Review & Author's Comment
Is AAFX Trading reliable? AAFX Trading spreads, AAFX Trading regulation, AAFX Trading account types. I am going to clarify all those topics in this AAFX Trading review.Keep reading to find the answers. AAFX Trading is one of the few forex brokers that accepts clients from the USA. After 2008 Great Financial Crisis, US regulators (such as SEC, CFTC) tightened the regulations for finance and investment firms. These new stricter rules deter forex firms to hold operations in the US. The leverage is lower compared to other jurisdictions and required capital to operate in the US is much higher compared to its peers. Thus we don’t see a lot of forex brokers based in the USD.
However, the market is still there. Investors from the US are looking for higher leverage, tighter spreads, free bonuses etc. On the other hand, only few off-shore forex brokers are willing to open forex trading accounts for US citizens due to the fear of being fined by the US watchdogs. AAFX is among those rare forex brokers. It is headquartered in Saint Vincent and the Grenadines and regulated by FSA SVG.
The company is founded in 2013, so passes one of my criteria of being a reliable forex broker. Negative balance protection feature should be noted as well. Not too many forex firms provide this feature. Those of you who have been trading since 2015 (SNB’s abrupt EURCHF 1.20 removal) would know the worth of Negative Balance Protection. Spreads are tight and they offer a lot of options in terms of deposit / withdrawing funds.
Is AAFX Trading reliable?
Even though, AAFX Trading was established in 2013, the Company has a strong reputation in the industry. I should say that SVG FSA is not among my favorite financial regulators however, AAFX Trading gets a high rating from me in terms of reliability due to its pro-client approach such as extensive and quality customer services, segregated customer accounts and social responsbility contributions. AAFX Trading is an active financial supporter to the projects of international charitable organizations such as Red Cross and UNICEF.
AAFX Trading Account Types
AAFX Trading provides two different forex trading account types for its clients. The first one is Fixed Account. As you can guess from the name, the spreads on instruments don’t change depending on the time of the day or volatility. Spreads are fixed and 2 pips for majors. Traders can choose between USD, GBP and EUR for their account currency. Maximum leverage is 1:2000 for accounts up to $20000 and 1:1000 for account bigger than $20000. AAFX Trading doesnt charge any commission on the top of spreads for executed trades. Traders are allowed to use Expert Advisors (EA) on this account type and minimum deposit is $100.
The second account type is ECN Account. ECN Account has exact same specifications with Fixed Account other than spreads. Spreads could go as low as 0.3 pips on ECN Account compared and the spreads are variable.
AAFX Trading Customer Support
AAFX Trading offers customer support in many languages including Arabic, Chinese, Czech, Croatian, Danish, Dutch, English, French, German, Greek, Indonesian, Indian, Italian, Irish, Japanese, Korean, Malay, Norwegian, Polish, Portuguese, Romanian, Russian, Slovak, Spanish, Swedish, Thai, Turkish, Ukrainian, Urdu and Vietnamese. There is Live Chat feature on the web site where you can get accurate and quick answers to your inquiries. Another important point about AAFX Trading is that the Company is one of the rare off-shore forex brokers that accept clients from the US as I mentioned at the introduction of the review.
AAFX Trading Platforms
MetaTrader 4 is the trading platform that AAFX Trading offers to its clients. In addition to PC desktop version, MetaTrader 4 for MAC, MetaTrader Web and MetaTrader Mobile are also provided by request. MetaTrader 4 is the most commonly used trading platform that comes with a huge bag of trading, charting and monitoring features such as Expert Advisors, Technical Indicators and 9 different timeframes. AAFX Trading doesnt only provides the trading platform but also offers informative tutorials for the novice traders who have not used MetaTrader 4 before.
AAFX Trading Withdrawal and Deposit Methods
AAFX Trading clients can use eight different methods for depositing and withdrawaing money. These methods are Wire Transfer, Debit Card, Credit Card, Web Money, Skrill, Neteller, Fasapay, Bitcoin. I should point out that there are not too many forex brokers that offer Bitcoin as deposit and withdrawal method. Even though, international wire transfer and credit card are my two favorites for financial transactions with forex brokers, having Bitcoin as an option is a big plus.
AAFX Trading Instruments
AAFX Tradinng offers company stocks, commodities, equity indices, precious metals, oil and cryptocurrencies in addition to forex pairs as trading instruments. Only cryptocurrency offered by AAFX Trading is Bitcoin and traders can trade it with a leverage of 10:1. AAFX Trading does not charge any commission and / or fee on Bitcoin orders. On the other hand, Gold, Silver, Corn, Wheat, Coffe, Sugar, Soybean, Cotton, Natural Gas, Rice, Copper, Palladium, Platinum and Cocoa are the commodities that are offerred by AAFX Trading.
AAFX Trading Bonus and Promotions
- 35% Welcome Bonus – The new traders who deposit a minimum of amount of 500 EUR/USD get the 35% tradable bonus.
- 30% Redeposit Bonus – Existing clients will be able to enjoy this special 30% bonus on top the amount they deposited.
- AAFX rewards either existing or new clients the opportunity to get a free smartphone conditional on the amount deposited and lots traded.
Does AAFX Trading Accept US Clients?
Yes, AAFX Trading accepts clients from the US.
AAFX Trading Final Word
AAFX Trading is an off-shore forex broker and as you alread know I am usually very cautious versus off-shore forex brokers. They don’t rank high in terms of reliability. However, AAFX Trading becomes an outlier, getting a high rating in reliability department as a result of its pro-client approach such as segregated accounts, swift and quality customer services and generous bonus and promotions. Additionally, AAFX Trading could be an option for US residents who are in search of higher leverage. The Broker is one of the rare forex brokers that accept clients from the US.
| Broker Detail | |
|---|---|
| Adress: | Suite 305, Griffith Corporate Centre, Beachmont, Box 1510 Kingstown, St. Vincent and the Grenadines |
| Phone: | +19142335216 |
| Web: | |
| E-Mail: | [email protected] |
| Regulator: | FSA |
| Year Founded: | 2013 |
| Instruments | |
|---|---|
| Forex: | |
| Precious Metals: | |
| Energy: | |
| Soft Commodities: | |
| Indices: | |
| CFDs: | |
| Stocks: | |
| ETFs: | |
| Bonds: | |
| Options: | |
| Cryptocurrencies: | Bitcoin |
| Account Options | |
|---|---|
| ECN Account: | |
| Swap-Free Account: | |
| Nano Account: | |
| MAM / PAMM Account: | |
| Demo Account: | |
| Funding Methods: | Wire Transfer, Debit Card, Credit Card, Web Money, Skrill, Neteller, Fasapay, Bitcoin |
| Withdrawal Methods: | Wire Transfer, Debit Card, Credit Card, Web Money, Skrill, Neteller, Fasapay, Bitcoin |
| Customer Services | |
|---|---|
| Live Chat: | |
| 24 Hours Support: | |
| Languages: | Arabic, Chinese, Czech, Croatian, Danish, Dutch, English, French, German, Greek, Indonesian, Indian, Italian, Irish, Japanese, Korean, Malay, Norwegian, Polish, Portuguese, Romanian, Russian, Slovak, Spanish, Swedish, Thai, Turkish, Ukrainian, Urdu, Vietnamese |
| Trading | |
|---|---|
| Leverage: | 2000:1 |
| Spreads: | As low as 0.3 pips for EURUSD on ECN account |
| Minimum Deposit: | $100 |
| Fixed Spreads: | |
| Automated Trading: | |
| Hedging: | |
| API Trading: | |
| Negative Balance Protection: | |
| Accepts Clients from the US: |
| Bonus |
|---|
| 1) 35% Welcome Bonus - The new traders who deposit a minimum of amount of 500 EUR/USD get the 35% tradable bonus. |
| 2) 30% Redeposit Bonus - Existing clients will be able to enjoy this special 30% bonus on top the amount they deposited. |
| 3) AAFX rewards either existing or new clients the opportunity to get a free smartphone conditional on the amount deposited and lots traded. |
| Platforms | |
|---|---|
| Supported Platforms: | MetaTrader 4 |
| Webtrader: | |
| Mobile: | IOS, Android |
AA Trading Review
AAFX Trading Review
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Reliability - 7/107/10
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Deposit & Withdrawal - 8/108/10
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Bonus - 7/107/10
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Customer Support - 8/108/10
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Overall Trading Conditions - 8.5/108.5/10
Summary
Customer support in many languages. Wide range of trading instruments. High leverage. Accepts clients from the US.
I know many companies that provide access to CFD trading. I have been interested in all this for a long time and I read a lot of AAFX Trading reviews that I liked more than the rest. Nowadays it is difficult to surprise with good trading conditions, because there is a demand for forex trading. That is why nowadays there are a large number of Forex brokers. I know that everyone is interesting, but I decided to open a demo account with AAFX Trading broker. Why exactly here? There are several reasons. I think you will understand me.
First, I found out that this broker has an excellent support service. I can honestly tell you that this is a great rarity among brokers, so it should be appreciated.
Secondly, the broker offers a deposit bonus. Yes, I know most brokers offer this too, but .. AAFX Trading gives bonuses on every deposit. This is unexpected and very pleasant.
The last is the Metatrader 5 trading platform. Excellent software for technical analysis and convenient trading.
The first thing that attracted me to this broker was 1:2000 leverage. However, I found other worthy things once I started trading here on the ECN account. For example, I noticed that all accounts are commission free. However, there’s one thing, still unclear to me. These are fixed spreads. What’s the point in trading with such spreads?
The presence of MT5 definitely became for me the criterion by which I chose this particular broker.
Because I have always wanted to work with this particular terminal and I have already managed to appreciate all the advantages of this from the first day and I can say that I did not regret this decision at all – this is a real delight!
AAFX Trading gives me all key features of a decent brokerage. I like the high leverage as I can profit on scalping without putting too much pressure on the account balance.
What does a 60-second restriction with this broker stand for?
It means that you can’t hold a trade for less than a minute. There must be at least 60 seconds between open and close time of your trades.
I think what you mean is that you cannot close an order earlier than 60 seconds later. This is normal for every broker. I think that if there was such an opportunity it would be bad for your trade because you would have a loss due to the spread.
I didn’t understand how to trade Forex right away, but I did it when I opened AAFX Trading demo account.
This broker has a lot of tutorials on the site. You can also find analytics there and this will help you open the right orders. In Forex trading, it is important to know how the price will change. There are analysis indicators for this. This is available in the MetaTrader trading platforms. AAFX Trading has MT4 and MT5. It’s great. Because this is the best trading software in the world!
I contacted the AAFX trading company several months ago and it was nice to get an in-depth consultation about online trading in the financial markets. The broker offers many educational videos explaining how the technical analysis works, and how to place trades in the MetaTrader platform that is available in different versions to login from any device. Forex pairs are the most predictable assets in my opinion. Technical indicators and expert advisors show me entry opportunities and trading signals, while the economic calendar and market updates show me the fundamental sentiment.
I would like to talk about aafx trading withdrawal because that is the key thing for every trader and for every investor.
After all, we invest our money and try to make more money out of it – that is what any business is all about.
Of course we want to manage this money properly afterwards. And that is why it is so important to withdraw money quickly and easily when needed.
I like that the withdrawal is done in a convenient way – you just go to your personal cabinet and make a withdrawal request – enter your card number or e-wallet details and then you just have to wait a while. The company website states that the waiting time can be up to a few days. But in practice withdrawal to aafx takes a few hours.
I can say that it creates a comfortable working environment. And I always appreciate it, because I can concentrate on work and not on technical things.
AAFX Trading is a fully licensed and regulated Forex broker company. Specializes in stocks, commodities, CFDs, and currencies.
The broker is regulated by Saint Vincent and the Grenadines (SVG). The minimum deposit at AAFX Trading is $ 100. The withdrawal procedure is fast. It looks like the broker has a competitive trading environment. Fixed spreads average 2 pips per EUR / USD, while ECNs are really low and start at 0.5 pips on EUR / USD, and there is no commission charged.
Users have the ability to withdraw funds at any time by requesting the appropriate amount.
Many times I tried to choose MT5. But every time, I was stopped by the fact that I had to close my account and switch to MT5. So the good thing about AAFX is that you can open several accounts at once
Are there any restrictions on 1:2000 leverage?
The leverage is 2000:1 for the accounts between $50 and $20000 and 1000:1 for accounts above $20000.
AAFX TRADING offers up to 1: 2000 leverage along with proper risk monitoring and negative balance protection.
Leverage of 1: 2000 will remain up to $ 20K on a standard account such as FIXED AND ECN and beyond.
But if you want to use 1: 2000 leverage for a larger account size, you should take the VIP on that account. Leverage 1: 2000 will remain up to 250 thousand dollars, and after that it will decrease to 1: 1000 to 500 thousand dollars, and then it will drop to 1.: 500
I can’t claim that AAFX Trading is the optimal company for traders of all categories. There is always something to take a careful look at in conditions. – individual trading style makes a difference. But we have a good bonus system here and you can always withdraw your money – even if it’s a big sum – without any delays, so you don’t have to worry about that and you can fully concentrate on the market and on learning how to trade productively. Of course this is great news. You just have to choose what’s right for you.
I agree. Even if you are a beginner AAFX Trading has conditions for you. For example, a lot of educational materials .. Everything for you to understand how Forex works. And of course a demo account. You can practice in the MT4 or MT5 trading platform. Everyone needs it!
I like their 1:2000 leverage.
1:2000 was the main reason why I decided to register with this brokerage service. I should say that it’s the first broker with such high leverage in my life. Previously, I traded with 1:500 leverage and lower.
I didn’t hurry to try this leverage on a real account, so I first tested it on a demo account. I was impressed, but at the same time I realized that trading with this leverage requires psychological readiness and thorough preparation. I don’t think that it would be wise to trade with this leverage on news. Even if you dare, you definitely should have balls for that. I think that this leverage is for long-term trading only.
So, I tried this approach on a real account. I opened an ECN account and tried trading with this leverage in the long term. It turned out that my approach was right. Long-term trading with this leverage is promising, but avoid scalping with it if you never practiced scalping before.
the best thing about this brokerage is that the bonus is totally withdrawable. No, I’m not joking, but I also thought that’s joke when I’ve found info about that on Medium. But no, you really can withdraw it. And of course you aren’t eligible to get it on your card/e-wallet once you get it, you should fulffill the bonus requirement. Well, I thought that bonus requirement would be hard to fullfill, but no, for me it took just 1.5 months of active trading and I got my money + bonus. Seems good, even so good to be true, but it really works. Why company is offering such option? Well, I think that’s not so significant costs for AAFX, especially cuz traders are investing money back, as well as I did.
When I started working for this company, I thought it was something standard.
But then I started noticing some details that I really liked.
First of all, it is a good set of assets, so you can form different investment portfolios and try different approaches.
Secondly, access to a large number of e-wallets for deposits and withdrawals. This way the money comes faster and the commissions are usually very small.
I’m trading for a month with AAFX now, started with $100, just to test the trading out, but now I realized I can make some money trading online. Currently I’m trading without leverage, but my earnings are quite low in raw numbers. Should I use leverage? Or it’s too risky?
I think you should practice with your account some more. Leverage gives the trader two options:
The first is huge earnings;
The second is an incredible loss.
Of course, only you have the right to choose, but it is better to gain experience and, by your efforts, earn the necessary amount for more professional trading. Good luck!
In fact, every trader pays attention not only to some common services – platform, payment systems, etc., but is more interested in details which can really affect the quality of work. And that is why I personally analyzed whether I could do hedging here. It turned out that in general I can, but the range between trades should be at least 60 seconds, and that was a real difficulty for me. More often I have to stick to more traditional formats.
On the other hand here I was somehow able to understand the fundamental analysis in more detail. And that became an important milestone for me. I try to read every review and every article in as much detail as possible.
Well, you can trade there in fact, but, IMO, only if you still consider yourself a traditional trader and have no plans to use something exotic. Because everything here is somehow standard – the usual mt, a little analytics, a little education, typicall bonuses. But in general, you can use it all for your own purposes, especially if you understand what format of work suits you and what result you want to get in the end.
By the way, I’m still trading with this brokerage, as it’s okey for me needs, especially because of its mobile app. I’m using it extremely often and I really like it. Maybe that’s one of strong advantages when we’re talking about this brokerage.
How can I switch to MT5?
You just need to create another password so that you can access this terminal. You did the right thing to try it, it really deserves attention in many ways…
I use the web platform at AAFX. I recommend it to everyone! This is a convenient option when you don’t have to wait for the terminal to boot on the computer. Just open a window and trade.
Working with AAFX Trading was quite good. A brokerage has both pros and cons.
Its advantages include a variety of trading conditions: 2 trading platforms, there are no additional commissions and swaps and quite low spreads.
And personally I didn’t have enough variety of trading accounts at my broker. I like it when you have a choice of accounts for trading, and you have the opportunity to choose the most appropriate account for you.
For me it is not a problem.
But normal fixed spreads are definitely good!
I have been working in this company for quite a long time, I like the fact that there are so many services for active work, and the analytics are useful here. All this time I have been working with fixed spreads. But a friend told me that independent traders work only with variable spreads. Do you think I should try it here?
That doesn’t matter, IMO. I’ve used both account types – ECN and variable. The difference isn’t as significant as some traders think it should be, especially if we take in account that AAFX fixed spreads are around 2-3 pips. I think that account type you should trade depends solely on your trading style. With variable spreads you will pay 80-85% less almost all the time but fixed spreads will protect your trading strategy when the market turn to be volatile.
I know a lot of professional traders and some of them are using fixed spreads but most of them prefer variable ones, I think that’s the answer, so it’s up to you which type to choose.
I have been trading with a brokerage for almost a year. And as for me, it’s cool to find a broker with which it will be profitable and comfortable for you to work in the long term. For me, this broker is AAFX. In terms of trading conditions it is doing well – favorable spreads, fast orders execution, reliable servers for trading. If I think about it adequately, this is probably the best broker with which I worked. It does not mean that it has no minuses obvi :c Most of all, it is inconvenient that AAFX has no analytical tools for trading. Of course, you can find them on the Internet, but it is still a little inconvenient for me.
This company didn’t come as a surprise to me.
But then I found something that turned out to be right for me.
1. Education materials.
2. Demo.
3. Fixed spreads.
Personally, I agree with you. I started working with this broker, too, because of its favorable trading conditions. But personally, I liked the most the unusual size of the leverage – 2000:1. It gives you an opportunity to try something new in trading, to experience new emotions. And that is why I started trading first of all.
Does somebody use trading advisers here? Is it really effective?
It is an optimal tool that shows the most beneficial moments on the market. It can be useful in cases where you still have some difficulties with technical analysis. And it gives you at least 10-12 profitable positions per day.
I’ve made +30% to my deposit in the first 3 months of trading with AAFX Trading and I’ve made a withdrawal of 50% of my deposit without any problems. That’s good.
AAFX is a broker that is perfect for long-term trading. For this it provides all the necessary trading conditions: freedom in risk (leverage 2000:1), reliable servers for trading, and trading on the 2 most popular and well-known trading platforms MT4 and MT5.
Broker’s been on the market for over 5 years and has positive feedback from many traders.
My opinion about AAFX is relatively positive and I’m satisfied with the way the company provides trading.
It is important that there isn’t only trading, but also education for beginners who can learn with the company. Also, there is a demo account, which can be refreshed.
It’s an interesting approach to trading. I like brokers that make the difference. That also include AAFX. A broker stands out due to its unusual leverage and bonus system.
Aafx can safely be called the company which has won a certain position in the market, received the constant clients and quietly develops in conformity with market tendencies.
I have been trading here for a long time, I can’t remember having any complaints about this broker.
I also wanted to ask, is there a bank transfer for account depositing?
Yes, you can make wire transfer from your bank to AAFX Trading.
I’m using bank transfering, so seems it’s available =)
Great broker, I’m glad I opened my account with it six months ago. It must have been my best investment ever. AAFX is trying to show how important every client is to it and that’s amazing *-*
You are right, it is not so common for brokerage companies to use such a large leverage, as well as access to two types of spreads.
I also like the employees of this company, because they are always in touch and really help if you have a question.
I think it’s very important not to create some dreams and huge goals in the market, because because of this you can miss something important for yourself. Recently I often see feedback in which traders ask or are not satisfied with the fact that a broker does not provide this or that service. But it seems to me that the main thing that a broker should do is to perform its standard tasks:
1. access to the market
2. quick withdrawal
Everything else is already marketing or a matter of company direction. And it must be clearly understood that you have the right attitude to the company and its functions. And it will be the basis of your confidence in the market and your well-constructed work.
What did I want when I picked up a brokerage company for a long-term partnership?
1. An understandable agreement that clearly regulates the rights and obligations of the parties.
2. A normal forex terminal with a wide range of assets, because it was important for me to make different investment portfolios.
3. Quick execution of financial transactions, because any delays etc. can be an obstacle for my work and my personal plans, so it is also important.
Where did I find this?
It’s here. And I can say that this is quite a rare case, because usually every company has some weaknesses, just because of illiterate marketing.
They’ve done it well here. So I’ve made my choice and I can see that I wasn’t wrong.
I’m interested in the VIP account. Can you tell me what kind of capital you need for that? And what conditions does the VIP imply?
You have to deposit at least $2000 for a VIP account.
For vip, you’ll need $20,000 in your account.
There’s low spreads, no commissions or swaps.
Leverage from 1:2000 (if you have up to $250000 in your account) to 1:1000 (if you have $500000 in your account).
Plus you can take a bonus up to 30% or get free consultations, if I am not mistaken 3 to 30 minutes from the leading analyst of the company.
For me, comfort has always mattered in everything. And for some reason, I thought for a long time that someone or something should provide it for me. But over time, I realized that it was more up to me than anything else. So now I pay more attention to creating comfortable conditions for myself in the market and strong capital and well chosen strategies help me to do that. I have one requirement to a broker – so that I could easily manage my finances.
So my advice to you is not to complain, and work on yourself.
Your reasoning is correct, because when you start to trade, you must understand that you have started a business and must calculate every step of yours. But agree, you can act much more confidently if you have a reliable rear in the form of a normal brokerage company. We can consider ourselves lucky!
I can say a lot of good things about aafx, because before this company I thought that there are no normal brokers at all now and that it is worth choosing some other sphere in order to make money. So, it is not difficult to guess that I have encountered different variants of fraud in the market, which led to the loss of money, and this is despite the fact that I have good enough knowledge and I can control my excitement and my money. With the appearance of aafx in my life I have seen how trading can change your idea of the market and how you can realize EVERYTHING you wish in the market. Plus, I like that there is no limit, one leverage is worth it. I enjoy the process and the result, which means that everything is possible. The main thing is not to give up!!!
Is it worth trading and why do I need all this? It seems to me that every trader has asked himself such questions at least once. And this is normal, because each of us at least sometimes feels a certain disappointment. But I can say for sure that we just need to continue. It is important to find a good broker, like AAFX, and just do not spare time on your training. This is what will allow you to quickly get into the market and achieve all your goals.
Hi can any please help explain why this broker charges an absurd amount that they say its due exchange rate difference. my friend was trying to deposit £400 and this broker tried to take £421 plus some pennies from his account. Fortunate the transaction was declined by the bank. For me this was a red flag.
Banks may charge an extra amount in the form of currency conversion fee. it varies between 3 to 5 percent. so that extra 21 pound is probably due to the conversion fee charged by your bank.
When I started working at aafx I didn’t have a very good attitude, I thought it was another pseudo broker, but it turned out that everything was fine, so I calculated that I have been trading here for over three years, so don’t despair, whoever is looking will always find it.
I trade with AAFX for 3 years, since 2016. It was not my first brokerage, so I have many things to compare with.
AAFX is really good cause of some points, I will explain in details:
1. Minimum deposit $100 is extremely low, easy to test brokerage. I started with 100 dollars to test broker.
2. Demo account available, it’s free
3. Bonus 35% for first deposit and re-deposit bonuses available.
For me, that brokerage is the best I traded for this combination of benefits. Trading process is also well-organized, with no slippages or lags with MT4 trading platform. Withdrawals are also fast, I never waited too long.
It’s super that they give demos not only at the registration stage, but on a permanent basis. You can test different strategies or even just have some fun, but no harm to your capital.
AAFX was my third broker, but the only one that provides absolute freedom. I haven’t faced any restrictions, any unfair rules or something like this. I appreciate such approach, there is only trading and nothing more. My previous brokers have so much restrictions and you should learn them all, I like when everything is going easy and clear.
It’s true that finding something worthy now is really not easy. But you know, like in any business, not everyone can be a reliable partner. But when you see how bad things can be, you start to appreciate more quality conditions and services. So maybe every trader should go through this…
The broker is an important factor in the Forex market. Therefore, I very carefully choose AAFX. This is an online Forex trading and CFD brokers, offering clients a variety of ways to trade, the most competitive trading conditions and the best trading experience in financial markets. His asset management division also offers a portfolio management solution that allows access to an investment product at the institutional level.
Every financial market is uncertain and totally variable. Because the currency rate is changing according to the market situation. Successful market forecasting is only possible through adequate market analysis. That I am receiving from AAFX. They are the best in fundamental and technical analysis. Based on both analyses, they are offering their trader real-time market streaming with necessary charts and quotes that help the client make the correct trading decisions.
My name is Michael Beaton and I have been using AAFX Trading for approximately 5 or 6 months. I have read all of the other reviews and yes there are a lot of good reviews about this company but is it impossible that there is a good FX brokerage company out there and that they might receive good attention. I can’t speak for anyone else by myself but my experience with AAFX has been great. I have tried many different brokers just to see what differences there were in each one. AAFX was the first company I traded FX with so I tested the waters. I will not mention any other company because of the fact their services were not nearly as good.
AAFX might not have the largest bonuses or the most spectacular challenges such as other brokers but in my opinion that makes them more genuine. They offer 2 very generous bonuses in my opinion. The welcome bonus of 30% for new comers, 25% re-deposit bonus, and they also have a nice referal bonus but the referal must be a wire transfer, cannot be deposited with a CC.
So there bonuses might not be as big as the 400% bonuses others brag about… which isn’t all it is said to be. However the quality of service and the professionalism that AAFX offers makes them truly better than any other broker company I have used and I tested about 9 for 2 weeks. Some of them took upwards of 5-6 days to answer a couple of simple questions. Others took 3 days to make a deposit.
If there are any traders out there like me and I hope I am not alone then having your deposit placed quickly is important. That is one important quality to me and AAFX both deposits and allows for withdrawals as quickly as possible. When I said other brokers have taken 2-3 days to make a deposit I wasn’t lieing. Aside from that their online support is fantastic. Professional and friendly. I just got to get them to stop calling me sir all of the time. :). But in all honesty this company is not a scam they deliver quality services to their clients and even upgraded their site to encompass many new features in their clients dashboard.
Also to go back to the margin call the first review mentioned. I believe what he is expressing is that AAFX might have used a virtual plugin for mt4. I again have traded with them for 5 or 6 months and never had an issue at all with it. Signs of a virtual plugin would be yes:
1. yes margin changes.
2. Leverage change
those two go hand in hand a not so ethical broker will decrease leverage forcing their client into a margin call and clear out their biggest positions. They do this when they are investing or betting against their clients. I have never once seen an issue ever with this.
3. Slowed quotes. Now there are certain times my mt4 bogs down I will admit but it is the same times every single day. Typically during market crossovers. I am in CA -7 GMT. between 5 am and 8 am my time it gets a bit slow at times, also later in the morning around 10 am to 12 am it can be sluggish. However it is like clockwork when those slow times come. It isn’t a surprise when it happens.
Those are the most common abuses of the mt4 virtual plugin and i have not experienced any of them with AAFX. To go back to the first review If anyone has traded on Sunday or researched good trading days, Sunday is by far the worse day to trade.
it is:
The least liquid
When the market first opens it is very easy to get whipsawed due to all of the events over the weekend and a mass of fear/greed orders being placed immediately.
Also going back to my time zone of -7gmt from 12:30 PM to about 3 PM there is almost no movement. its the slowest part of the day. It is very easy to place a trade and then have it not move for 5 – 10 minutes then all of the sudden it makes one huge change which could be 5-10 pips.
Anyways I have had such an awesome experience with aafxtrading.com that I wanted to voice my opinion. I am one who believes that if someone has a bad experience they will tell 10 out of 10 people but if they have a good one they might tell 2. Well I had and still am having a great experience and if anyone is serious about forex trading I recommend trying AAFX out.
You can read testimonials and reviews but the only way to know first hand if they are good or bad is to test them out. minimum deposit $100, minimum for the welcome bonus of 30% is $1,000. very quick deposit, very easy setup, can upload verification docs right on their site (this was just implemented in the new dashboard) so if you like forex and have $100 to throw at the market and are looking for a good broker then I suggest trying aafxtrading.com
Also one last note:
They are also one of very few FX brokers that offers 2000 leverage and a no negative balance policy which is great because i got a little eager one day with usd/mxn and piled on 180 standard lots only to have a huge market reversal which actually put my accoutn -$5500 usd. I didn’t have to pay anything out of pocket. That was the biggest thing that initially sold me when I was looking for a broker
This broker surely could be on the top of the best brokers list. I have been trading with this broker for last 3 years. It has very good execution system where I can trade without any major execution problems like slippage, re-quotes etc. I get 1 pip spread rate on major pairs and 2000:1 leverage on their fixed account. It also transact my money within one day with minimum fee.
I cannot be so positive, after all AAFX Trading is not a top broker in the industry, but it is definitely very good. I like the way AAFX works and I’m trading there for 3 years.
I’m looking for some brokers with ECN account and low spread.
You have all I need. Do you have commission on top of spreads?
No. AAFX doesnt charge commission on any type of account.