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AAFX

Forextraders.com does not recommend AAFX Trading. To see our recommended brokers click here.
Min. Deposit
Regulators
FSA of St Vincent and the Grenadine
US Clients
Yes
Platforms
Modern trading platform Meta Trader 4 , mobile and webtrade
Founded
2014

AAFX Trading Review

 

AAFX Trading Pros AAFX Trading Cons
Well regulated Limited product offerings
Comprehensive research tools Only offers MT4 and WebTrader
Excellent customer services Big risks for trading cryptocurrencies
No commissions or fees The main preferences go to VIP clients
Low spreads
30% deposit bonus

 

Traders viewpoint

AAFXTrading.com is an online broker that provides services for trading in financial markets, such as, Forex, CFD, Commodity markets. For beginners, a demo account is available to try themselves in the financial markets without investing in personal funds. For real trading, beginners require a minimum deposit of $ 100. Also, for large and experienced traders with a minimum amount of $ 20,000, they can use the status of a VIP account. The broker has protection against a negative balance, and this serves to ensure that if there were a loss of capital, it would not be lost more than the client has its own funds.

  • AAFX Trading complies with EUPR requirements as well as the global KYC rules. This suggests that when you open an account, confirmation of your identity and place of residence is required. In fact, it takes less than five minutes to open an account.
  • Within their framework, there are several accounts with the names of Fixed, VIP, ECN and Islamic. All accounts are provided in USD, EUR and GBP and leverage up to 1: 2000. AAFX Trading has offices in the Grenadines, Malaysia, and Hong Kong.
  • The AAFX Trading platform offers over 200 instruments in the Forex, CFD and commodity markets. Forex offers include over 60 currency pairs that compete well with peers. It should be noted that AAFX Trading supports all forex trading strategies and provides an average execution speed of only 0.15 seconds.

In addition to Forex, AAFX Trading offers to trade on its platform with energy carriers such as oil and precious metals such as gold and silver. It should also be noted that the broker recently began to offer bitcoins upon request, and investors can trade cryptocurrency against major currencies.

Like many of its competitors, AAFX Trading offers MT4 and a WebTrader on its platform, as well as the ability to download applications on iOS and Android.

MT4 comes with advanced technical analysis tools, including over 50 indicators, custom charting tools. AAFXTrading.com also has a training centre with video tutorials that will help novice traders learn the basics, which in the future will help to trade in the financial markets successfully. AAFXTrading.com is one of the cheapest on the market for trade. He has a very fast and easy registration process, backed up by the regulatory framework in the framework of registration legislation. Among clients, the broker has positive reviews.

About AAFX Trading

AAFX Trading is one of the fastest-growing Forex & CFD providers in the world. He was the recipient of a Malaysian investor who won the best broker in Asia in 2013. 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.

The broker offers foreign exchange and CFD trading on several trading platforms, including the world-famous MetaTrader 4 platform and WebTrader platform. AAFX Trading is registered with major financial organisations around the world: Saint Vincent and the Grenadines: AAFXTRADING COMPANY LTD with registration number 22916 IBC. Registered Office of C / O Suite 305, Griffith Corporate Center, Beachmont, Box 1510 Kingstown. Malaysia Registration: AAFX Trading is registered in Malaysia and is registered with AA Business Solutions SDN BHD. Hong Kong Office: Managed by AAFX Trading Capital in Hong Kong and at the address of the Company, located at Two Exchange Square 8, Connaught Place Central, Hong Kong.

AAFX Trading is a market leader in customer service, offering its customers first-class products and services in more than 20 different languages. When registering with a broker, you must confirm your identity by downloading a national identity card, and you must also confirm your place of residence, this can be done by downloading bills for paying bills for an apartment or house.

AAFX Trading has many offices around the world:

  • Australia
  • Hong Kong
  • Qatar
  • Malaysia
  • New Zealand
  • United Arab Emirates
  • Saint Vincent and the Grenadines
  • USA

Who does AAFX Trading appeal to?

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.

The minimum deposit AAFX Trading is from $100, which means that novice traders can try themselves in the financial markets with a small amount. Large traders with an amount of more than $ 20,000 are registered on the VIP account and enjoy special trading conditions, including lower fees. AAFX Trading provides negative balance protection to protect accounts from losing more money than the customer’s funds. This measure serves to protect the broker’s funds because, due to leverage, the client manages a larger amount of funds than is deposited.

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.

Account types

AAFX Trading offers several types of accounts, including Fixed, VIP, ECN and Islamic Account. Each account has its own special requirements and has its advantages and disadvantages.

All types of client accounts are offered in USD, EUR and GBP as the base currency and offer leverage up to 1: 2000. The minimum deposit for the Classic account is $100. To trade with a VIP account, a minimum balance of $20,000 is required. VIP clients can use a leverage of 1:2000 up to an account size of 250,000 US dollars. The owner of the VIP account can trade all the instruments listed on the website, as well as request more instruments.

VIP account holders also have Unlimited chat sessions with a technical analyst from 10:00 to 13:30 server time — three private 30-minute consultations with AAFX Trading main market analyst James Muta.

As explained above, AAFX Trading provides a fully functional demo account. Traders need to make a deposit to trade on a demo account. This means that beginners can refuse if they do not like the demo experience. The AAFX Trading demo account simulates real market conditions and, therefore, gives practical experience of what to expect in real trading. Nevertheless, it is worth noting that the results obtained in demo trading should not be taken as evidence that you can earn in real trading. 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.

The demo account includes almost all the functions of the MT4 account and the WebTrader platform and gives access to more than 200 trading instruments, including currencies, stocks, precious metals, and energy resources and commodity markets. Regarding Islamic trade, AAFX Trading offers a cashless account that is fully compliant with Sharia law.

Market and territories

AAFX Trading is available in almost all countries. This broker has its headquarters in the Grenadines and offices in Malaysia and Hong Kong. As stated above, AAFX Trading is registered with AAFXTRADING COMPANY LTD, a company registered in Saint Vincent and the Grenadines and operates in full accordance with international law and built-in standards.

In addition to this, AAFX Trading is available for non-English speakers. As stated earlier, its platforms and support services are available in Chinese, Indonesian, Russian, Vietnamese, and Spanish. Most of those who use this broker are in Europe and Asia. The broker is as adaptive as possible to clients from different parts of the world.

Instruments and spreads

AAFX Trading offers many tradable instruments in the Forex, CFD and commodity markets. Forex offers include more than 60 currency pairs, consisting of all major directions and several exotic ones. Also, this broker allows all forex trading strategies and offers an average execution speed of 0.15s. For example, scalping and hedging are allowed, and you can participate in automatic trading, as well as the broker has spread for transferring the position to the next day.

Regarding spreads, AAFX Trading offers floating spreads and fixed spreads for all types of accounts, starting at 0.60 pips. A typical spread for the most popular EUR / USD currency pair with this broker is 0.6 pips. This is a good indicator in the brokerage market, given that the average EUR / USD spread is 0.70 pips. Although in comparison with other similar brokers, the spread is quite high, however, it is still below the average, which makes it quite attractive. AAFX Trading CFD offerings include stocks, stock indices, energy, precious metals, and commodity markets. Users can access 11 stock indices, including the S&P 500, UK 100, France 40, Italy 40, DAX 30 and many others. Energy products include WTI and Brent, while precious metals include gold and silver.

As for the commodity markets, you can trade coffee, Orange juice, Soy, Sugar and many other tools. Trading conditions for CFDs are also favourable; AAFX Trading is working hard to make the market. In addition, AAFX Trading offers users for trading bitcoins that are quoted on the market in major paper currencies, such as US dollar, pound sterling, euro, and Japanese yen.

Fees and commissions

All VIP clients will receive the smallest spreads available on the exchange, which we classify as 100% ECN spreads with zero commission and swap-free accounts.

Spreads for VIP accounts begin, and with a classic account – everything is very loyal, as described above, the broker tries to give maximum liquidity in the market. Given the low deposit requirement and zero commission, a classic account is best for beginners as you get tighter spreads with zero commission and free account swaps.

A VIP account is the epitome of all that is good in this broker. As previously mentioned, AAFXTrading.com requires a minimum deposit of $20,000 or more for a VIP account. This type of account requires a commission of $1.6 per lot per side, which is considered one of the lowest among all brokers. Also, commissions should decrease as trade volume increases.

As for the conditions of margin requirements, customers will be warned by the trading platform at a margin level of 50%, that their position will begin to be liquidated at a margin level of 20%. Clients will receive an automatic notification of a call to margin only if they are logged into their trading platform. Therefore, customers are advised to regularly log into their trading platform to ensure appropriate monitoring of their Share Capital and any relevant notifications.

AAFX Trading may also notify customers by telephone and/or email that they are approaching an automatic liquidation of their positions. It will be recommended to the client to deposit additional funds into his account or to reduce/close current open positions. It should be noted that on regular accounts, AAFXTrading.com has both positive and negative swaps for transferring the position to the next day.

Platform review

AAFX Trading trading platforms include MT4 and a WebTrader. In addition, AAFX Trading offers instructions for installing MT4 on Mac, Windows, Android, and iOS devices. It is also available in the web version. On the other hand, a WebTrader is best for traders who prefer instant access without having to install anything on their computers. Despite this, MT4 is superior in functionality, speed and ease of use. Additionally, it is easily customisable to meet specific needs.

MetaTrader 4 is the most popular platform for trading on Forex, CFD, and commodity markets, which combines all the advanced analytical and trading technologies. It is impossible to imagine modern trading without a trading terminal; however, it is worth remembering that this is just a working tool that simplifies trading and makes it accessible to all traders but does not affect your trading results.

Due to their availability and great functionality, millions of traders from all over the world choose the MetaTrader 4 trading terminal. MT4 is presented with advanced technical analysis tools, including more than 50 indicators and customizable charting tools.

Mobile trading

AAFX Trading’s MT4 is available in versions for iOS and Android. Traders can download apps for free on the Apple App Store and Google Play Store. The MetaTrader 4 mobile platform can be installed on a variety of mobile devices, for iPad and iPhone. The terminal is perfectly protected, and the user can be sure that no one else will have access to his personal data. All transactions are safe and mobile. How fast MetaTrader 4 will work on a mobile device depends on how fast the connection is.

The advantages of a mobile platform:

  • Great interface with various languages. Since the terminal is Russified, a trader can configure it more deeply and thoroughly, thus improving his work and his trading.
  • The platform is effective but at the same time simple and understandable, suitable for a beginner and an experienced trader. There is a news feed, the ability to select a signal for alerts about important events for the trader.
  • Not every platform allows the use of technical indicators. Analysis and MT4 allow you to use them in a wide variety. Therefore, the trader easily makes transactions and analyzes the market.
  • There are no big requirements regarding the system resources of the phone, thanks to the VGA mode it can be used for a high-resolution display.

The app is compatible with iOS 4.0 and later and is installed on the iPhone, iPod touch and iPad.

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. Mobile platforms also make it easy to view prices and place orders.

Social copy trade 

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. Visit the AAFX Trading Resource and Education Center to learn more about social copy trading.

Crypto offerings

Bitcoin is considered the most popular digital currency, therefore, AAFX Trading allows customers to exchange bitcoins for major fiat currencies such as USD, EUR, GPB, and JPY.

Trading bitcoins with this broker is available 24/5, which is a drawback, given that the bitcoin market is open 24/7. Given the high volatility in the cryptocurrency market, customers inevitably experience significant gaps between the closing on Friday and the opening of the market on Monday, since the market opens every week. Due to the conditions and if we talk about comparisons with other brokers, AAFX Trading is not the best choice for trading on the cryptocurrency market – due to the fact that its work schedule carries risks for customers.

Charting tools

AAFX Trading provides access to over 30 charting tools. Also, AAFX Trading provides a complete list of indicators for overlaying them on the chart. In general, this is more than enough that even a novice trader could effectively conduct trading operations and make a profit. It should be added that despite the basic indicators that are built into the MT4 platform, the MQL5 service has many indicators, additional indicators that traders created themselves.

Education

Any broker, first of all, is interested in a constant influx of new customers. And you can attract beginners, including high-quality training! Free brokers offer only some introductory basic things. More useful and specific information is issued to students already in the form of paid products.

AAFX Trading provides comprehensive training materials for both beginners and experienced traders. For beginners, a library of short video courses called the “Education Center” is offered. There you can find a lot of useful information about financial markets, trading, strategies and the MT4 platform itself. AAFX Trading video resources cover a wide range of topics, from entry-level training to experienced traders, continuing education and updating. Videos are available free of charge to all customers.

Trader protections by territory

AAFXTRADING COMPANY LTD is registered in Saint Vincent and the Grenadines with registration number 22916 IBC and regulated by authorities: ASIC, 4240010. FSA (Saint Vincent and the Grenadines) Registered office of C / O Suite 305, Griffith Corporate Center, Beachmont, Box 1510 Kingstown, Saint Vincent, and the Grenadines. AAFX TRADING is fully compliant with international law and built-in standards.

As mentioned above, AAFX Trading is registered with major financial institutions around the world, providing traders from all over the world with a safe and transparent trading experience. AAFX Trading is dedicated to protecting the privacy and protecting the personal and financial information of a client with the utmost care.

How to open an account

The process of opening an account at AAFX Trading is quite simple and takes no more than three minutes. Users must visit AAFX Trading and fill out their details in the provided account registration form.

This step also includes agreeing to the terms of AAFX Trading and enabling or disabling the mailing list. After providing their data, customers should provide more information about their financial situation to determine whether CFD trading is suitable for them. Traders are asked about their income and savings, as well as their understanding of Forex and CFD trading. The next step is to verify your identity and verify your address. Users must provide a copy of their government identifier and a document that shows their current address. The verification process takes no more than 24 hours. Only after verification can traders make a deposit and gain access to a live platform. AAFX Trading accepts deposits through bank transfers, Visa, Mastercard, Neteller, FasaPay, Payza, Moneygram.

The demo account of this broker is available without confirmation of identity and deposit. Traders can open it by visiting AAFX Trading and registering for a demo account. The process includes providing personal data and specifying details such as the type of account, leverage, currency and the amount of virtual money that the trader wants to use.

Customer support

Traders can contact AAFX Trading via email, phone or live chat. It takes several minutes to contact his agents by phone and chat. However, email can take up to 24 hours.

AAFX Trading customer service agents are available Monday through Friday from 24/7.

The bottom line

AAFX Trading is a leading online trading broker specializing in stocks, products, CFDs, and currencies, with features that are suitable for both beginners and experienced traders. The broker is one of the cheapest in the market with a similar type of service and a spread of 0.6 points for the EUR / USD pair compared to the industry average of 0.7 points.

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. Please note that some products and/or multiplier levels may not be available to traders due to legal restrictions.

FAQ

How can I open an account with AAFX Trading?

The process of opening an account is quite simple and takes no more than three minutes. Users must visit AAFX Trading and fill out their details in the provided account registration form.

Is AAFX Trading a regulated broker?

Yes, AAFX Trading is governed by ASIC, FSA (Saint Vincent and the Grenadines) and is fully compliant with international law and built-in standards.

What bonus terms does AAFX Trading offer?

The broker offers 30% on the first deposit. Also, the broker has a bonus called Redeposit, which also charges the client 30% on the second deposit

How do I withdraw money from AAFX Trading?

The client can withdraw his funds, the client can use: Visa, Mastercard, Neteller, FasaPay, Payza, Moneygram, Bitcoin or by bank transfer.

The broker tries to execute withdrawal orders as quickly as possible.

Please be advised that certain products and/or multiplier levels may not be available for traders from EEA countries due to legal restrictions.


Forextraders.com does not recommend AAFX Trading. To see our recommended brokers click here.



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