The broker offers a variety of Metatrader platforms for trading. The trading platform offered by the broker is MT4 and MT5 for PC, MAC, mobile, and tablet or Web Trader . Of course, each platform has its advantages and disadvantages. For example, for a beginner I would recommend using Metatrader 4 or its light version for web trading.
If you think about this, I can make a suggestion – by guided about your own feelings of a broker, as all this regulations are more for regulators itself, not for traders. I am the current AAFX client and I didn’t know they’ve got an offshore registration. It started bothering me now after I read the article.
In case of need you can always withdraw your money back, which is very fast and usually takes no longer than a day. Withdrawals can be done the same way the client deposited, and the minimum withdrawal is also 100 USD/EUR. The broker offers a bonus of 30-50% for deposits, depending on the amount.
But there are a few financial markets customers can gain assess to. I think, it`s cool, when every detail has carefully been considered. It`s possible even opens web platform to monitor a market fast without lunching any other apps. I wanna share with you my opinion about trading with this broker. So, i found AAFX in a very weird way, i just surfed the internet and faced some of the AAFX reviews.
- This raises the first red flag in AAFX Trading Review.
- For those traders that are looking for expanding their portfolio that’s the strong advantage.
- The platform focuses on simplicity, readability, and challenging the existing trading traditions with robust technology such that the user can vividly focus on the trading options.
- Customers can also chat with the support team on Skype.
- They offer a very tight spread and they have the Islamic account option, where you can open a trade for weeks swap free.
I thought I would make great money on scalping as AAFX spreads are extremely small, but trading conditions are a bit limited. It is gratifying that you can use different trading accounts for trading, but they cannot be used to compensate for losing positions. In general, the broker is good for those who trade intraday and over longer horizons. But the fact is that the broker’s account is already good.
Overall, AAAFx is an established online trading brokerage with many years of experience and a large customer base. The broker is regulated, with eligible client funds segregated and insured. Over 500 assets are available for trading including CFDs on forex currencies, cryptos, stocks, commodities and indices. You get access to tight spreads, deep liquidity, quick execution speeds and competitive fees.
I think that this requirement can be irritating only for hardcore scalpers, but even they can adapt to this. The main advantage of using high leverage is that it allows you to earn much more money than you would earn without using leverage. However, it’s also a very high risk to lose all your accumulations, because leveraging always implies high risks. So I would like to see some courses for advanced traders here.
Of course, I can’t say that article’s author isn’t right, from technical side he is 100% right, but in practice that’s not so important and that’s what I’m talking about. My experiecne proves that AAFX is good broker and that’s the most important point. Of course, we can seek for the regulations or other points. But from the logical point and people’s experience it’s importance is extremely low. That’s like people that overestimate chance to get seek cause of coronavirus, but underestimate other probabilities.
The demo is very high quality, a lot of analytics, polite manager. It has become obvious for me that if you don’t risk you will never achieve good results. Everyday I see thousands of examples that I’m right. After a while, I build my first deposit and of course tried to help my friend to change his system. Unfortunately, he was not interested in education and selfdevelopment. He thought he can earn big money and then chling on a private island.
I have learned from the best traders around the globe and hard work to get where I am today and I can call myself a pro trader with an income of 5 figures per week. I like how easy it is to participate in these referral programs. I’ve https://broker-review.org/ recommended AAFX to some of my friends and they registered. Afterwards I found out that I can actually get some $$ from AAFx for my referrals. All I had to do is send the list of e-mail addresses that were my recommendations.
So, here you can test everything and make your final choice. Secondly, these are different types of trading with different spreads. When I started, I chose a fixed account with a fixed spread, for me it was normal. Trading Forex, CFDs and other leveraged derivatives is considered a high risk investment and may not be suitable for everyone. We do not provide investment advice and the bonuses or promotions offered by brokers are listed for comparative purposes only.
AAFXTrading claimed they had an email from him asking for a password change, but also claimed the email address has no headers. Well, I’m trading with this brokerage since 2016, so I think my experience is long enough to build an objective opinion. Moreover, there is a special bonus system but traders would better read about it because it has its own peculiarities. Many fast withdraw methods with 0 fees from 100$ minimum.
Spreads start at quite different levels, depending on the account type you choose. An ECN Account or VIP Account will offer spreads starting at 0.2 pips. Variable spreads are Forex Brokers subjected to change according to the financial instrument being traded and the market conditions. I sincerely do not understand why so many people praise this company.
Absolutely avoid this broker at all…
Since AAFX Trading has an offshore regulation and several regulatory warnings, we can say that your money is not safe with this broker. The platform is available in mobile and web versions, and for all devices – Windows, Mac, iOS, Android. Also, it has some third-party tools that you need to pay for if you want to use. Also, the platform is available in several different languages. However, our review showed that this is a fictive company without an address or any contact details.
Sometime before the opening of the European session the currency rate is set, so the morning hours may interest traders. The period when trading is carried out at two trading floors simultaneously. This is the time of high volumes and intensive market movements. In our case, the Asian and European or European and American sessions intersect. These are the types of rallies that smart traders take advantage of. Beginners can try to trade in the quieter, but, unfortunately, overnight period from 1 a.m.
Deposits and Withdrawals
I’m kinds lost now, cause you say there are some swap fees, but they are low. I’d appreciate if you could check once again and let me know if AAFX website lies about zero swap or not. Brokers in Australia and reliable brokers such as BDSwiss and XM. AAFX Overall Ranking is 2 out of 10 based on our testingand compared to 500 other brokers, see Our Ranking below compared to other popular and industry Leading Brokers. AAFX Trading is not a secure Forex broker since it does not hold a license from any worldwide serious Forex authority.
Variable spreads are of course always changing and are therefore subject to change. Search by account type, minimum deposit, and maximum leverage in 2,000+ forex brokers. If we speak about forex trading, then fixed spreads start with 2 pips, for example, on eurusd, while variable spreads start from 0.5 pips on the same currency pair.
AAFX Trading demands a minimum deposit of $100 for the Fixed Account and the ECN Account whereas it is $20000 for the VIP Account. All of the minimum deposits are higher than the average minimum deposit that the industry demands which is 5 – 10 USD. You want it or not, scams are inevitable especially if you are trading in the financial market.
To 9 a.m., and it is advisable not to use pairs with the participation of the Japanese Yen. I found, that AAFX Trading does not charge any fees for deposits and withdrawals made through credit and debit cards and electronic wallets. Apparently, there are also no fees for deposits and withdrawals of over $10,000 made through Wire Transfer. Some of the third-party tools are free, whereas others have a small fee.
Another user, Pler Fletch, says that AAFX Trading provides the highest leverage in the industry. Of course, my self-confidence was a little quiet when I started to practice, it turned out that the short positions do not suit me categorically. But long-term trades have become the best option, which I still use today. Otherwise, I totally agree, AAFX does offer a large set of assets combined with high leverage. Agree with all points, however I wish education to be more advanced.