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Karl AuerComment

Comment on AAFX Trading

★★★★★1 / 5Initial 1-star scoreReference #1607
<p>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.<br> 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.</p>

Replies 1

HarikiranReply
★★★★★

<p>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.</p>

Open reply #1608 →