AAFX Trading Review (2023)
Is AAFX Trading a scam or a legit broker?
AAFX Trading is not a secure Forex broker since it does not hold a license from any worldwide serious Forex authority. Meaning the broker is suspected of being a fraud company since it was not checked for its compliance before establishment, never monitored in terms of its safety and simply may operate the business in any way it wishes.
About AAFX Trading
| 🗺️ Registered in | St. Vincent and the Grenadines |
| 🗺️ Type of License | Offshore License |
| 🛡️ Is AAFX Trading safe to trade | No |
| 🗺️ Recommended Licenses | FCA in UK 🇬🇧 & ASIC in Australia 🇦🇺 |
| 🖥 Alternative Broker | FP Markets - licensed by ASIC in Australia |
AAFX Trading is an investment company specializing in stocks, commodities, CFDs and currency trading through its incorporated and registered office in St. Vincent and the Grenadines (SVG). However, SVG is a known area for its very liberal zone with a slight regulation of the financial companies comparing to other reputable authorities that requires a way more strict compliance that ensures a higher level of clients’ protection.
Moreover, the broker claims its incorporation and registration in Malaysia under the business solutions company SDN BHD and operation of the office in Hong Kong. Yet, there is no any other regulation that the company does comply with, therefore the company chooses the easiest and cheapest way to perform and deliver its financial services to international clients. Being unregulated in Hong Kong, the company appears in SFC warning list that prevents clients from an investment with the AAFX Trading company (check warning here).
In addition to that, there are numerous negative reviews about the company services, along with the guilty verdicts about scam operation. The AAFX Trading clients faced typical fraud issues while tried to withdraw profits, the company gave numerous excuses why the request can not be performed. As well as the issues with trading manipulations, faking the facts of the requests, etc. Overall, these issues do not give a positive opinion about the company and just causes suspicious questions in their regards that might cause significant capital losses.
Conclusion
That is why we do always recommend to invest only with the regulated brokers only that are located among the reputable jurisdictions and offer respective overseen investment services. These companies are overseen and reporting regularly about every step they do or treat the client, which protects investors by many means.
Reviews
I like the marketing way
AAFX has good marketing and PR deparments, that is clear and all of us can see how company is building its media presence, but I like not marketing, but the fact that it’s supported with a real things. AAFX isn’t promising something unreal, brokerage just comes and promise “We will let you access for a trading market, where you can earn with your skills. We will take tight spreads and we will provide you with fast withdrawals”. And all of their promises are true, so when I trade with AAFX I catch up a thought that company is fair with me and that’s why I respect it.
You’re right, sometimes companies in pursuit of good advertising begin to promise something that is not there or offer just fabulous conditions for trading, but in reality everything turns out to be different. There’s nothing superfluous here. And at the same time, everything that this broker offers can really be applied in practice and nothing to think about. This is a big plus and I also believe that this broker can be considered a worthy partner in our business.
I’m glad to find no false promises at AAFX site – broker promising everyone to get rich overnight is a definite NO. As long as they promise only something they can keep control of – I’m OK with AAFX promotions. And yes, media presence of the company is something rather interesting. Looking for more information on AAFX Trading I’ve seen a few interviews with company’s CEO, some interesting articles on the markets sponsored by the broker – that’s what i call a good marketing. So I agree.
So what guarantees of profit can a broker give if each of us trades independently? It is absolutely logical that a broker is responsible for the normal operation of the trading terminal and for the timely processing of withdrawals. Does AAFX cope with this? Absolutely, yes. All the rest are additional services, they can suit you or not, but this is another question.
Yes, I heard about that story with the Hong Kong regulator, but I don’t really care about it. Further back, I created an account with AAFX Trading broker, and now I’ve already got some pleasant experience. The trading is fine, I’ve made already several withdrawals – so what’s the point if one of the regulators refused to recognize this broker? Many brokers just jump between regulators, but this doesn’t change a thing. What really matters is that the broker withdraws funds and the platform isn’t buggy. 🙂
I also don’t think that this is very important how many regulators broker has and what kind of companies these are. Perhaps I’m an eternal optimist but I think that those times are already in the past, when a good broker can just rapidly become a scammer and betray its clients. Anyway, companies-shifters are left behind in the past 20 years ago.
From the other side, if the company was created with the purpose to cheat on clients, then none of the regulators will prevent it from doing so. When people commit such crimes, then the regulators’ rules are nothing for them. It’s good, that AAFX operates on the market for too long to worry about it. When the company works honestly for so many years, it is more important than all kind of licenses…
I agree. All these licenses, agreements and so on can be purchased or downloaded from somewhere. But it’s absolutely no guarantee that you and your money will be perfectly safe. Actually, a good broker is time-tested. And the aafx handled it perfectly, I know a lot of people who have been trading here for a long time and do not want to change their broker. I belong to this category myself, and I think that I was very lucky to be here among my like-minded people and work exactly as I want.
AAFX excution is fine, I like how they process the withdrawals on time I have not encountered any problems doing that and the swap fees are quite low I comfortably hold my positions overnight, their spread is relatively cheap and affordable but ofcouse not the cheapest. It would be realy better if the broker considerd increasing other methods of payment such as paypal.In my opinion AAFX is one of the competent brokers to trade with.
I absolutely agree with you!
This is the first broker that withdraw money within 30 minutes. There were cases when a broker withdrew money for 8 hours, but this is equally faster than other brokers. I find it difficult to find a better broker now than AAFX trading
My choice is AAFX
AAFX support claims there are no swap fees at all. 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.
I didn’t have any single problem with the money withdrawal for many years of cooperation with Aafx Trading. And I have made withdrawals at least 10 times for sure, lately, I’m withdrawing almost every month. I don’t know, what kind of problems people are facing, but I have some doubts that this is broker’s fault – it doesn’t make any sense for them to spoil their reputation just because of a few somebody’s bucks? I withdrew pretty big amounts, and nobody wanted to rob me… Honestly, isn’t it strange? =>Sarcasm<=
Agree, I also think that all these reviews about the broker not allowing to withdraw some 100-200 bucks – is total bullshit. I don’t know why people are writing this, but personally, I don’t believe in that. And also I don’t know who in their right mind would believe, that broker will be trying to scam 100-200 dollars out of the client or any other amount of money and risk their reputation because of that.
I don’t know what so dangerous you found in this broker. When I was going to open an account, I checked the company, learned all the information and reviews, it seemed to me like a pretty reliable broker. As for now, I’m trading for long enough and never had any problems…Personally, I’m satisfied with everything, with trading conditions, with money withdrawal policy – I didn’t have to wait longer than 24 hours even once, and I think, this is the most important indicator of the quality of AAFX Trading service…
It’s easy to understand what is so “dangerous” in AAFX and other decent brokerages with an offshore registration. They don’t bring enough money to Uncle Sam’s pocket. With all the respect to the great Uncle, taxes are extremely high in the US. If broker wants to minimize costs and offer the best conditions to their customers they have to register in offshore jurisdictions. Sure enough, government doesn’t like it.
I started trading in 2014. At that time, I did not even understand why regulation was needed. This broker was advised to me by my father, who is engaged in trading in a large company. I just looked at the demo account and I liked it.
AAFX is not a scammer. I received all the money that I took out for these 5 years. I have never (!) expected money for more than a day. This broker is trustworthy.
It is very rare when a broker does not spoil over the years, but on the contrary, it only gets better. This builds trust in the company and allows you not to worry about the conditions in which you will trade.
What I find really amazing about all these warnings about the danger of trading with regulated brokerages only is how shallow is the knowledge base of the authors of these topics. Normally, the argument is that offshors are bad, not really explaining why they are bad. They are bad for the economies of the countries who apply over 30-40% taxes to businesses run on their territories. Businesses just goes away and settles at Bahamas. I can’t blame them, can you? )) The other argument in this article is that brokers must be regulated with a decent regulator. Who? SEC? Al right. For over 3 years now SEC has been unable to approve a single cryptocurrency ETF. Best brokerages located in the USA have been trying to break this SEC wall, but were pulling back their proposals one after another. Thousands of traders want to trade crypto ETFs but they can’t, because they live in the US and want to choose a brokerage that is regulated by SEC or some other outstandingly peeky regulator, whose main goal is to protect Uncle Sam’s interests. You can warn us as much as you want, but personally as long as I can get decent trading conditions and withdraw profits to my wallet, I don’t mind AAFX to be registered wherever they find it appropriate.
Exactly, I don’t know why so many people believe that SEC is something good? Yes, the US is superpower with developed economy. But there are high taxes and regulations. It’s simply impossible for broker to provide good service and low spreads, when it’s obliged to pay 40% taxes and pay the license. I think that all people that think that offshore registration is bad should ask Americans, why they don’t trade themselves. Yes, we know that American people have a lot of investments. But they don’t trade themselves, they just give their money to investment funds, because it’s impossible to trade on their own. I enjoy trading with AAFX and hope they will never make a mistake to obtain the US license.
Quite a shallow vision of a broker. If you keep judging all Forex companies by their regulation and some hyped article, you might end up thinking that honest Forex brokers simply do not exist. Here’s a question though, why do people manage to earn on here all the same – and on AAFX as well? Quite some food for thought, huh.
I also don’t understand why some people so hype regulations, it seems that they’re even obsessed with them. Of course sometimes regulations may be important, but AAFX has good reputation and is well-known in the industry, that there is no reason to care about this. Moreover, I have read about banc de binary case, just think about it – 100% regulated brokerage and he really have taken unfair actions for its traders. On the other hand, I can’t find any single bad review about AAFX, so I’ll prefer to trust majority opinion, than this misty regulations that don’t ensure anything!
I don’t know what to think now. 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. But on the other hand I was getting my money in time all the time from AAFX. And people here in comments offer some decent explanations on why brokers prefer offshore registrations (taxes and leverage regulations). I’m still confused, but you know, it’s difficult to find another broker like AAFX, so I think for now I’ll just leave it and hope everything will be fine with this broker as it was before I read your opinion.
If you even don’t know about offshore regulation, that what’s the reason to care now. Offshore isn’t sth bad, that’s the same jurisdictions like other countries. For example, Lichtenstein is also considered an offshore, but you don’t think that Lichtenstein companies aren’t legit? So just don’t care, that’s my solution.
No trick here, there really are no swaps or overnight commissions here. I understand your uncertainty though! If I haven’t checked myself out, I would have still be in doubts whether there is a pitfall here or not.
It is normal and even right that people doubt something and try to verify the truth of information.
I think the reputation of this company has long been positive and justified by the feedback from many satisfied customers.
And I wish this company prosperity and further success.
As its been mentioned in the article AAFX really does try to minimize operational costs in order to be able to provide best spreads and commissions to their customers. So far they succeed to do so and AAFX has the most fascination offer on the market on spreads. EURUSD pair can be traded with the spread of 0.5-2.0 pips depending on the account type and whether the customer prefers fixed or variable spread. There are no other commissions per trade apart from spreads. This would not have been possible if AAFX was regulated with SEC for example or had fancy offices in London. Most importantly they provide quality services which can be easily found out if you looked at the reviews carefully. I’ve ran through many of them before dared to open an account with this offshore brokerage, and I’ve never seen complaints on withdrawals as it is claimed in the article.
I agree, although this strikes their prestige in the eyes of those who are not familiar with them, but for people like me, it does not matter. Although I doubted whether to start working with the company, I tried it and now I can completely agree with you. Low spreads allow me to earn more and profit from small deals. It is much more profitable for me as a trader, but the company on this clearly does not receive additional profit.
I see that many people have already signed off on the fact that the American or European license is much more expensive and it isn’t profitable for the broker. And it is true. I can only agree here. This is the rule of any business. A consumer is looking for an opportunity to maximize his profit, and a businessman (in our case a broker) is looking for its own. And it is so. From this point of view, offshore registration is beneficial both for AAFX and for the trader. The first one pays less taxes and can provide more flexible services, while the second receives better quality services and pay less commissions.
But there is one more thing that many people miss. This is why offshore registration is considered a drawback. And what is an offshore company at all? This is a country or territory with special business conditions for foreign companies, usually with lower taxes and fees. Of course, I can say, “Oh, yeah, that’s bad, they don’t pay taxes”. But to what country should AAFX pay taxes on our money? Maybe it should pay them to the US or German government? And here we come to the most important thing. Offshore is not a bad thing, it’s just the same country as the ones called “reputable” in this article. Now the economy has become global and any business chooses the jurisdiction that will allow it to provide the best services. Of course, the U.S. doesn’t like it, which actively promotes the idea that offshore companies should be banned. But it directly contradicts the rules of free capital movement.
As for the AAFX as a broker. I personally trade with this company and my 3 friends as well. None of us has had a single problem for years. All orders were executed very quickly and withdrawal of funds didn’t take more than a couple of days. So ask yourself the question: is registration important? Or is the company’s reputation important? Because the reputation of AAFX speaks in favor of that company.
If someone will ask me what I prefer – trading with tight spreads, high leverages and getting payments within 2 days, or high spreads, low leverages, but “regulations” I will choose tight spreads. You’re right that reputation is much more important than regulations. I know a lot of cases when regulated by the US SEC companies make fraud and some kind of scamm actions. So that’s not a guarantee. You just need to be guided with own mind and broker’s reputation. And as I know (and my experience confirms that) – AAFX has good reputation/
That’s true, I’ll prefer have a tight spreads and 1:2000 leverage, not a ghostly regulations, I know that AAFX has good reputation and always pay in time and answer any questions with perfect speed. I think that there is no need in rehulations and the best thing is the reputation. And I can say that AAFX build strong one…
Can someone please tell me which account is better for fundermetal traders , is it fixed spread account or the ECN account with 0 spread please I need help
Dear Danny,
Please, have a look at our articles on Fixed Spread Forex Brokers and ECN Forex Brokers that will help you to decide. You can choose a broker to trade from the presented lists of Regulated Brokers.
I don’t like situations where they start criticizing a company with which they didn’t personally cooperate. Because I, for example, have complaints about brokers, which are listed as the best and recommended. Everything has to be tested in practice. Because I’ve been trading at aafx for a couple of years now and I can say that I’ve never faced more thoughtful and at the same time advantageous working conditions for the client. That’s because they tell you all the details at once, they don’t emphasize that you invest a lot of money, if you are not fully confident in your abilities, every operation is simple and you can easily understand the capabilities of the platform. That’s what I call a comprehensive approach and security. And everything else is up to you.
Totally agree, AAFX is reliable brokerage, but there may be some qustions to it or problems. It’s okey, but people, that write reviews simply call it a not reliable broker only cause they think so. I don;’t like such approach. I trade with AAFX and I see as advantages, as well as disadvantages, but one is for sure AAFX is reliable company!
See that there’s some negative opinions about AAFX brokerage, mainly about it SVG registation. To be fair, I don’t care about any regulations, I don’t like them at all. I was in doubts when I was looking for a broker. I like AAFX list of assets and their features, but I doubt about SVG registation. Finally, I made a decision to trade with AAFX and, to be fair, I’m 100% satisfied. 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. So think with your own head, not by others.
I’m now thinking to try trading BTCUSD, does anyone know about leverage for crypto there?
As far, as I remember the maximum leverage ratio offered by AAFXn is 1:50 for Bitcoin to USD trading, it’s lower than leverage for forex or CFD trading (when it’s up to 2000), but still good. Most brokers offer just 1:10 or 1:20 for BTC.
I registered with aafx not so long ago, but compared to what I have seen in other companies, it is a real paradise for a trader, because everything works and money can be withdrawn without problems. I wanted to clarify – do they really have all the training materials in the open access? For all accounts?
Yes, AAFX provides free training for all its clients, regardless of the type of account. It is freely available. A broker really makes sure that its clients have access to the latest trading training materials. So, yeah, most of what traders wrote about a brokerage is true.
What’s the difference between ECN and Fixed account?
ECN – variable spreads, which vary depending on how much you use for the trades. In my opinion, it is the best option for an experienced trader, who knows how to control the calculations and clearly assesses the situation.
FIXED – fixed spreads from 2 pips (depending on the asset type), which remain fixed, regardless of the amount used for the trade. It is not always beneficial if you use small amounts, but reliable, because they do not change regardless of the market situation.
ECN is account with variable spread. It’s usually between 1,2-1,5, but can sometimes reach 3-4 pips. Fixed account has (obviously) fixed spreads, so you always pay the same spread.
What is the most favorable withdrawal method with this broker?
Well, as far as I know, it’s possible to withdraw funds to a card, an e-wallet or make a bank transfer. You can always withdraw to a card or e-wallet without any commission. But a bank transfer without a commission is withdrawn only for the amount of $ 10,000 or more.
I wouldn’t say that’s the best broker I’ve ever worked with. But it’s reliable and adequate. It’s not enough for someone, and someone’s only looking for those qualities at a broker.Personally, I am quite satisfied with my cooperation with AAFX and will continue to work with it: most of all I like bonuses when making deposit and client support. Maybe I’ll find a better broker, maybe I’ll continue trading with this broker. I don’t know how the future will turn out.
You seem to underestimate a broker to me. It’s reliable and adequate, but that’s not all it can offer. AAFX once practically saved my ass, because I can be very impulsive (bad quality of a trader) and my account balance has become negative with a few trades. But the broker provides negative balance protection and I shouldn’t have paid back anything. Since then, I trust AAFX even more and try not to make stupid mistakes (again) lol)
The broker is not ideal, although it has everything to be. 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.
Personally, I think the fact that it isn’t very profitable to practice scalping with a brokerage isn’t its disadvantage. My opinion is that scalping isn’t the peak of a career for real, professional traders. Short-term trading can be done by any trader with almost any brokerage. But long-term trading requires more favorable trading conditions and more professional skills of traders.
Personally, I think AAFX has a strong point about trading with Expert Advisors and 2 – MT4 and MT5 trading platforms. And maybe a broker has some disadvantages, but they are compensated by a large leverage of 2000:1 – which I haven’t seen in any other brokers.
Is there any education available?
Yes, AAFX provides quite a lot of education materials. The broker provides free access to various training videos and e-books and stuff. In fact, it isn’t always convenient to learn from the broker’s training materials, but if you are a beginner trader, it will help you. But I would still recommend to combine training from a broker with some additional courses to make training more effective.
AAFXTRADING.COM
They just stole $50k (Fifty thousand USD) of my money out of my account.
I had this balance with no open trades for three days.
They placed fake trades, made my account zero and stole my money.
Even the withdrawal that I placed (and received an e-mail from them to proof) just disappeared from my dashboard.
I know other people, whose money has not been stolen.
The seem to just pick certain people in order to break down the credibility of the people whose money they did steal.
Also most of the posts defending them are by fake profiles that they create themselves.
Did you not leave your personal account available on your work computer or some other source? Such situations can only happen if someone has used your personal account. That’s why, for example, I never save passwords in my browser – it’s not safe. Accordingly, due to the fact that the required amount is not on the account, the company has cancelled the withdrawal. You should contact the company’s support team as soon as possible. In case he situation is real of course. To tell the truth, the story does not look very realistic. 50K, really?
I’m trading 5 years already with AAFX. Seems not like it’s not safe to trade =)
At least my withdrawals are quite stable, especially taking in account that my depo is $24k
So that’s wrong saying it’s not safe. It’s offshore regulated, but quite reliable..
I assume it’s not regulated cause of leverage, but I’m trading with 1:400. so I don’t care about that, I don’t want to take such high risks with 1:2000. But I think the reason to be offshore regulated is because European regulators don’t allow such leverage
Yeah, you’re 100% right. European regulators are cutting leverages, some of them allow only 1:30, hah, so you wouldn’t trade even with 1:400. And 1:30 is extremely low, especially for traders from developing countries, for such people high leverage is a way to start making money without a lot of funds.
I agree that everything here is not as sweet and positive as it seems at first glance. For example, I’m totally unhappy with the fact that there’s no copy and social trading here, so there’s definitely no way to get at least something in a passive format.
But stable fixed spreads of just 2 pips is what I need. Because this corresponds to the orientation of the company even for small capitals for traders.
I also agree that tight fixed spreads are really good. Many people don’t realize how advantageous fixed spreads can be. Variable spreads can be very cunning – they tend to widen unexpectedly taking your stops. Fixed spreads will never do this and with fixed spreads it’s much easier to calculate your trade in advance.
I have recently opened a Fixed account with AAFX trading and I like it so far. At first, I didn’t want to use 1:2000 but then I had a try and was impressed how profitable it can be. But I have one question regarding this leverage. Are there any restrictions on the use of this leverage?
Of the restrictions, we can say about the amount of the deposit. Leverage 1: 2000 will remain at the level of up to 20,000 US dollars on a standard account, such as FIXED AND ECN, after which it will drop to 1: 1000. But if you switch to a VIP account, you will again have access to a leverage of 1: 2000. Also, you should know that the AAFX company protects you from a negative balance, which means that if the account becomes negative, the company will reset it to zero, and the client will not be obliged to pay a negative result.
I can say that this broker definitely deserves attention because it offers some unique features. The first is 1:2000 leverage. To be honest, I have already seen this leverage size with other brokers, but taking into account that it’s rarely offered today, we can admit that it’s a unique feature.
The second unique feature is their commission-free ECN account. As you know, today all brokers charge fees for tight spreads on their ECN accounts. AAFX doesn’t do this. At first, I was happy about that but then I discovered one intricacy. It’s clear that none of brokers would give something just for fun and the broker’s commission-free trading on that account is compensated by one restriction you may find nasty if you are a hardcore scalper. So, the company doesn’t allow to hold a trade for less than sixty seconds. Even if you try to break this law and manage to earn something for less than a minute, your gain will be taken by the broker. I think the broker’s regulator made it do this. So, it only remains to put up with it. However, I think it’s no problem to adapt to this restriction and scalp profitably with this broker.
When I trade with a broker, I know that AAFX has flexible conditions for traders. There are no significant drawbacks unless you are a scalper. I also do scalping, but my positions are on average in the market for about 5 minutes. I asked this question to the broker, and the support answered me that this rule is set by the bank.
Broker AAFX has been on the market for quite a long time and I read only positive reviews about the company, there are some who are not happy, but they are always necessary for balance, so that the company does not become arrogant. I myself have been trading with them for no more than a year, but after meeting them I left other platforms, here for my strategy the best trading conditions! two colleagues at work have been trading with this DC for about 8 years, they have never complained.
AAFX is a broker with instant order execution, tried to open even more than 10 deals, still the platform is not overloaded, this is an excellent indicator, if anyone who has experience in Forex trading will understand this is one of the company’s strengths!
Aafx trading withdraw takes place clearly within the time frame established by the regulations.
For me, there are categories of new Forex brokers who are gaining a reputation, and there are reference brokers who have proven themselves from an excellent side throughout Forex. AAFX is one of them!
The most important thing is that the trading conditions allow you to get it right.
Including trying assets, strategies and different interesting things.
This company gave me the chance to trade Forex. I always dreamed about it and now I have this opportunity. Only I can’t choose a trading platform! Please tell me what is the best trading platform here?
I like to trade MT5. This is a more modern trading platform and there is more functionality for market analysis. I think you will like it too.
I think I need to have more experience trading with 1: 2000 leverage. I’m serious. If you do not trade well, you can lose your entire deposit and no matter what kind of bonus you have. First you need to open an AAFX Trading demo account and try to trade virtual money. I am glad that there is such an opportunity. At first, I didn’t know which trading platform to choose. In the end, I chose MT5. There are more indicators and market depth here. A good advantage, but in order to use everything correctly, you need to study a lot and be careful.
You must understand that Forex trading will not make you millionaires quickly. This is a business that needs time.
Indeed, the broker AAFX Trading provides large leverage for trading, probably the largest that I have seen at the brokers I know. I also agree about using the MT5 program. Thanks to its simple interface and a wide range of analytical tools the program has gained popularity among brokers in many countries. The platform allows you to use two classic approaches for analysis – technical and fundamental. The first is represented by numerous tools, both basic and additionally developed by users. MT5 allows you to use several indicators and charts simultaneously, overlaying them on top of each other. The resulting tools can be saved as templates to simplify your work in the future.
I saw a requirement to hold my trades for at least 60 seconds. What’s the purpose of it?
I think that in 60 seconds you will not be able to earn the necessary money, so I see no point in this. It’s my opinion.
I know that AAFX Trading broker provides very high leverage for trading. What are the possibilities of using such leverage?
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.
Not all of the traders pay attention to the fees which are charged by the broker but they can take the bigger part of their total profits. However, that is not about aafx because the spreads there are among the best on the market. If you trade with leverage (which is extremely high), the combination with the low spreads will give you outstanding trading results.
Totally agree with you here. High leverage and low spreads may lead to the decent trading results.
This broker has plenty of advantages and I’m sure that they attract traders. For example, here we can find the highest leverage I’ve ever seen, 1:2000. However, we should remember that the higher leverage, the higher risks. If you haven’t got enough experience in trading activity, especially trading with leverage, then you would better stay away from leverages at all. Otherwise, it’s the direct way to losing of all your accumulations. Nevertheless, leverages can possibly help you to generate much more money. Also, there are lots of trading platforms, despite MT4 and this fact will perhaps delight lots of traders.
I agree, the broker provides high leverage for trading. And, having penetrated into the essence of the matter, traders split into two camps: the first one associates high leverage with inevitable loss of the deposit. The others consider this instrument useful, moreover, they connect it with an opportunity of diversification due to small margin and good reserve of free funds. As a result a trader can trade at Forex market with sums that are much larger than allowed by the trading deposit in the absence of leverage; a broker gets an opportunity to attract many clients-traders even with small deposit amounts, dramatically increasing his trading turnover and the commission (spread) from each opened deal.
What are the spreads types which are charged by aafx?
There are fixed and variable spreads actually. It depends on the type of your account. If we speak about forex trading, then fixed spreads start with 2 pips, for example, on eurusd, while variable spreads (on ECA accounts) start from 0.5 pips on the same currency pair.
I came to this broker to trade indices and metals. In my opinion, they are much easier to trade than currency pairs. What’s more, they are more liquid and therefore more profitable. Besides this, I appreciate the possibility to trade without commission, so I don’t need to share a part of my profit with the broker. It encourages me to trade more actively in the daytime.
I have the same experience .. Actually, I have a similar trading strategy.
I also love AAFX Trading because they have MT5. Market depth and a large number of indicators really help in analysis and trading.
I heard that you offer 1:2000 leverage, but as my experience tells such leverage can’t be equally provided for all assets. I think at least it’s available for major currencies. Is it possible to trade cross pairs here with 1:2000 leverage?
If you want to trade cross pairs with an AAFX Trading broker with a leverage of 1:2000, then you really picked the right broker.
Indeed, for most of the cross rates, they do offer a leverage of 1:2000. It is almost unreal to find such a broker who would provide such good trading conditions for cross rates, and that’s exactly what it is here.
Last week I opened an account with AAFX Trading broker. I thought for a long time but still made this decision. A friend of mine is trading here and is very impressed with some of the conditions. After his AAFX Trading review, I decided to open an account here too. Demo account, because I needed to test the MT5 trading platform. This is the first time for me. I know that there are more indicators than MT4 and I decided to check it out.
But I want to ask not about the platform, but about bonuses. I know what I will get and my friend says that you can get it out. I want to ask you if it was difficult for you to fulfill the conditions for withdrawing money from AAFX Trading ??
In order to withdraw a certain amount of the bonus, you need to trade a certain volume. As you know, there is a leverage here that helps to trade large volumes so that it is not difficult to fulfill the requirements.
The company has been known for a long time and therefore I decided to open an account here. It was a tough decision because I didn’t always believe in this way of making money. I am a fan of traditional business and have always believed only in the fact that you can only make money by buying something cheaper and selling it at a higher price.
Does this remind you of something ?? 🙂
So, I decided to trade Forex with AAFX Trading broker. There was no such risk in my life, so there were some doubts.
There are also some things that I’m afraid of.
For example, if I do the wrong analysis of the market and something goes wrong. I understand that this can be learned, but how do I know that I’m ready?
I am also afraid of temptation. I think you understand what I mean. Leverage of 1: 2000 can actually help you make more money, but it also has the opposite effect. That’s the problem.
But I think that with time everything will be fine.
You are absolutely right. Take your time to get accustomed to trading because this activity is different from the traditional business or traditional work. I don’t know what stage you are at, but I recommend you to do everything gradually like coming in the hot water. You’d better start with demo account, then you can trade microlots without any leverage, then you can start trading decent sums of money and if it is not enough you can trade with leverage. Surely, aafx offers great conditions for trading with leverage, but you shouldn’t use it in the very beginning without proper knoledge and preparation. Otherwise, you are highly likely to lose your budget and be left with nothing in the pockets.
What’s the best trading account for news trading here?
I believe you have to choose on your own, however I would advise you to use Fixed account with fixed spreads and 100$ of minimum deposit. If you can’t decide which type of accoutn to choose you can also apply to the customer support team, these guys like solve such tasks 🙂
What’s the point in trading with fixed spreads?
Once upon a time, back in the early days of my trading with AAFX Trading, I was trading with good profits using a grid of orders.
Exactly the point is a fixed spread, because you need to open and close orders at the same time! The price moves up and down, even if the trend is prolonged, you will make a profit on the correction. Moreover, there is no swap for me. The distance was 22 pips, taking into account the spread of 2 pips – this is the distance between the buy limit and sell stop, sell limit buy stop respectively.
Now the market conditions have changed, and I’m tired of placing these orders… Now I’m trading on account with floating spreads
I want to open an account with AAFX Trading. What are the deposit methods, is it easy?
Yeah, it’s easy enough… Funding can be done with numerous payment methods, including wire transfer, CC, Webmoney, e-wallets.
Earlier I heard bout the broker but at that time I lacked experience, didn’t know some important stuff and respectively had no idea how I could benefit from aafx. I thought it wasn’t special and … feel kinda ashamed for this.
When I got back in a year or so I already knew what I wanted to get! well, two things attracted me.
1. I wanted to trade without swaps cuz my strategy needs no swap trading.
2. I wanted leverage to be sugfficient enough.
AAFX’s conditions tailored these needs.
Of course, that’s a great opportunity.
Additionally, don’t forget the bonuses that help you trade more and sometimes you don’t need to use high leverage… it’s risky, so don’t overuse it 😉
What tools, services of AAFX do you find most valuable for your work in the market?
The platforms are familiar, it didn’t take time and nerves to get used to something new.
Bonuses are helpful if you make a normal deposit.
Well, I do trading since pandemic and from that moment I stay wth AAFX. The reason is simple – I do a lot of day trades so I need a large leverage. I know that there is a 100% negative balance protection, but you shoud understand that its very risky. If you a newbie in a game ts better to start with demo or small deposit.
For a new clients aafx gives free 35% welcome trading deposit bonus with min 500$ deposit in a beginning.Good opportunity to start earning even from a start. No matter how much money do you have its all about your trading strategy. This is not a casino, so you should analyze and calculate your risks and what I realy like is how MT5 platform is looking now – plenty of instruments, indicators, tools for technical analyze and in-house news feed. You don’t even need no more info its all in one.
Without real trade practise its just a words, so you may not being afraid of lose all your money, cause of full balance protection from broker.
I was afraid of market for a very long time. A lot of my friends lost most of their deposits. I learn from others people mistakes. Don’t be so fast and don’t be slow in your decisions. Use all opportunities and instruments and follow your strategy. Its not as hard as it looks. I make money here, so why can’t you?
The negative balance protection is a really great innovation that works and has probably saved many people, but as someone with experience I would recommend trying to work as if this service didn’t exist and getting used to controlling the security of your money yourself.
For me this is a company to whom I can trust my money and that is why:
Pros
Commission-free and swap-free trading accounts
Choice between fixed and variable spreads
High leverage up to 2000:1. Control your risk management!
Registration and regulation with no questions
Deposit and re-deposit bonuses up to 35%
Cons
Limited analytical and research resources
Minimum deposit for VIP account is $20,000
Everyone has its own points about perfect broker. I dont think that there is one exist. So I always recommend people to find broker that will suitable only for them and their trading strategy. This information helps you to find your points of must.
I can trade with all tools that aafx provide because service, platform and conditions is comfortable for me.
This is not the first time I have come across reviews where their analytics are not very praised.
On the one hand, I agree.
On the other hand, it is a broker. It is not required to deal with informational data.
They give access to the market, access to working platforms – everything else is a job and a trader’s responsibility!
In general, I am satisfied, because the broker is reliable, no delays in withdrawal and it was not difficult for me to withdraw a large sum of money (let’s say over $4000). But I remember at some point when I was waiting for verification I could not log in to the website, got worried for a second. But then the site worked. Maybe the internet just dropped out, I don’t know.
Name a couple of options that made you choose this broker?
Well, i choose aafx mostly because of big leverage size option. This broker has a huge amount of different trading instruments and including cryptocurrencies. Also, according to my trading plan i do a lot of analyzes and researches of all kinds of markets and instruments.