AAFX Trading Review 2024 ️ Pros and Cons Revealed

So understanding the market condition and then making the decision will be beneficial to guarantee you can get maximum benefits from your investment. Irrespective of your experience level, you can start with the investment journey and get the maximum benefit from the same when you are aware of certain basics. A major feature of the forex market is its global network of financial centers.

  1. These accounts provide variable and raw spreads that may be more favorable for advanced trading strategies such as scalping and hedging.
  2. Firm’s he has worked at include big banks like Citi, and prominent hedge funds including D.
  3. 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.
  4. Know , that if any issues arise , their customer service will NOT attend them .
  5. It’s not just a lure for those who think they can easily sign up deposit and get a lot of money.

While this regulator is not well known, it has stringent measures in place to ensure deposit safety. And this is what I like here.This is where I first tried to work with MT5. Look at all the reviews with 2 reviews comment right below their names. You will see that they also posted one more phony review on the same day on non financial companies, without one exception. Ripple (RPL) is also popular amongst large banks with the Ripple network a next group real-time gross settlement system. It gives a trader instant cross-border fund transactions at very low costs.

2000 upto  leverage

It’s not just a lure for those who think they can easily sign up deposit and get a lot of money. It’s a pretty weighed move from the broker to ensure clients’ financial capabilities and to help them to make a bit more money that they could have afforded. Clients can access the AAFXTrading.com support representatives 24 hours a day, 5 day a week to get their concerns and questions addressed. There is also a live chat facility available through the website’s home page for the convenience of the customer. AAFX Trading offers the MT4 as its trading platform coupled with a variety of third party trading tools.

In this review of AAFX, we’ll dive deep to find out everything worth knowing about this broker. We’ll discuss its trading fees, safety and security, policies, trading software, research capabilities, educational material and more. In addition, if you decide to open a live trading account with AAFX, you will find a useful step-by-step guide. The broker offers a welcome bonus of up to 35% to new traders. Customer support is available in 20 different languages and the broker was awarded as the best broker of Asia in 2013 at the Malaysian investor show.

AAFX Trading Accounts

Traders must fill a withdrawal request for their funds to be processed. AAFX Trading MT4 comes with a variety of functionalities among them over 50 technical indicators and charting tools. Also available are risk management tools, including the Stop Loss and Take Profit features. Some of the third-party tools are free, while others come at a small fee. You can easily set up a demo account with AAFX by downloading the MT4 and adding the broker through the manage accounts button. The whole setup process should not take you more than five minutes.

Clients can choose the currency they wish to deposit, withdraw, and trade in, subject to the broker’s terms and conditions. I prefer them over other companies because, despite of the good choice of assets and trading platforms, there’s an opportunity to trade with quite a big leverage. I’m aware of all risks using high leverage, but concept itself is attractive.

Indices trading on AAFX

I traded by myself the first year and unfortunately, I haven’t reached desired success in that field, all the time I was trading near zero profit. But it didn’t affect my trading and experience in any way. Hoping for better results as I am getting more familiar with new strategies… If you do not consider the extreme size of leverage, everything is OK. I commend their transparency policy, almost everything you need is available on their official website, so you can easily asses the trading condition. Even more, I consulted the customer team and received prompt and helpful answers.

What can I trade with AAFX?

Firm’s he has worked at include big banks like Citi, and prominent hedge funds including D. Regarding customer service, this broker is among the best. As explained above, they are easily reachable through multiple channels including phone, live chat and social media. Furthermore, their customer service agents are knowledgeable and well equipped. AAFX Trading takes users privacy seriously and is compliant with the EU General Data Protection Regulation. The registration process with this broker is quite straightforward.

This is way lower than what many other brokers ask for.Plus, the pip value for XAU/USD is $0.01, which helps me manage risk better and seize opportunities in the gold market. I find this affordability and low margin requirement at AAAFX very helpful for my gold trading. I have documentation of spreads that are taken identical side-by-side trades with AAFX and BlackBull Markets.

“The most cost-effective account types”

Overall, the education and research options are fairly average. AAFX provides multiple funding options, including bank transfer, Bitcoin, Neteller, Skrill, aafx trading review FasaPay, WebMoney, Perfect Money, Western Union, and MoneyGram. Most funding methods are instant, but withdrawals may take several business days.

The mobile versions are available on the Google Play Store and App Store for free. 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. However, the regulator is known to be quite average in strictness, and unfortunately, there are no other regulatory entities that supervise this broker.

Actually, this is not scary, the main is not starting to trade on real money until you will be stably in black on a demo account. AAFXTrading is a reliable online broker with a wide variety of assets and features that make trading easy and secure. 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). AAFXTrading is suitable for all traders, regardless of their experience level, and provides a safe and secure trading environment. Finding a good forex currency broker can be a lot easier. But you need to understand that AAFX Trading stands out from all the available options.

AAFX review – an average FX broker

While the MT4 is a great platform, we believe that there is an added advantage of having a proprietary social trading platform. The brokers without their social trading platform often partner with third parties such as ZuluTrade to ensure that traders get the best experience. Unfortunately, AAFX has not invested enough in social trading platforms. We believe that there are better options out there for social trading. Good customer service is super essential for growth and attracting new clients.