AAFX Trading Review 2023 Detailed Information about AAFX Trading Forex Broker

Having support available at all time ensure that I can get prompt answers to my questions whenever I need them. AAFX Trading cautions possible traders that Forex and CFDs trading constantly carries a high level of risk, thus may not be appropriate for all investors. This regulator is not as known globally as other regulators but has all the measures to safeguard users’ deposits. The choice about which platform to choose mostly depends on what a client would like to trade, therefore it will be one of the standards when choosing a broker too.

Which is totally fine, since you can withdraw directly to your exchange and transfer to fiat. However, Aafx uses such low transaction fees (53 sat/vB), it takes between hours for the blockchain transaction to be confirmed. Due to the volatility of BTC, anything can happen in that period of time. In my case, by the time my transaction was confirmed 36 hours later, I had lost 10% of my money.

1. So, all of these criteria helped me to make a right decision about choosing a new broker for myself.
2. Besides, I enjoyed a lot their narrowest trading spread feature a lot.
3. By solution, I mean its mediating abilities, to speak so.
4. Even more, they decided to not charge swap fees for all of their clients, not exclusive only to Islamic accounts.
5. Their website is also user-friendly making it easy to find the information you need.
6. Alternatively, traders can chat them through their Facebook page.

My orders are executed as it should be without any attempts to cheat on the part of the broker. For a last two weeks I earned more than I earned for a month with my last broker. Low minimum deposit, a high trade leverage, with no commission and swap. Instant withdrawals with use of credit card and electronic payment systems. Of course a lot will depend on your trading skills but I believe that low trading costs also matter in success.

They can also visit their offices through the listed addresses. Clients in other regions must use the provided international line. As mentioned above, AAFX Trading is a non-dealing desk (STP+ECN) broker. This aafx broker review type of broker acts as a bridge between clients and liquidity providers and mostly charges variable spreads. AAFX Trading provides the renowned MT4 which is available in web, desktop, and mobile versions.

The only difference is that the company attracts traders who don't have enough funds. New traders signing up with AAFX have the choice to open a “Fixed Account” or an “ECN Account,” with either USD, GBP, or EUR as the base currency. Notably, both account types still offer commission-free trading. There are no deposit fees, withdrawal fees, or inactivity fees which is a good thing. Both fixed-spread and floating-spread accounts are available, and the trading fees depend on the account type you pick.

AAFX fees compared to XM fees

From my first day of trading I remember that choosing the broker is the most important thing. But somehow I always chose some questionable brokers. As far as I know, this broker does not have any restrictions on the number of trading accounts. When compared to other brokers, AAFX Trading customer service ranks among the best. Unlike most brokers, this broker customer service is highly responsive and multilingual. Clients in Australia, Hong Kong, and St Vincent and the Grenadines can contact this broker through the provided local numbers.

Their trading conditions well balanced

As a seasoned trader, I have tried both the AAAFX's ACT trader platform and the Metatrader. While i prefer to stick to want i am used to, i must say that i prefer the Metatrader as it the most traditional platform out there. On the other hand, i found the ACT trader platform to be a bit cluttered with information and hot as user-friendly as tge Metatrader.

Can’t see your question? Ask to get answers from the AAFX Trading staff and other customers.

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.

The setup process was straightforward, and the technical support team was helpful. Overall, the free VPS has helped me a lot to improve my trading experience. It allows me to automate my strategies and execute trades quickly without any delay. I want to tell you about how deposits and withdrawals are made at this broker.

AAFX Trading Safety and Security

If you are looking at options in terms of trading platforms, I'd suggest trying out the MT5 and ActTrader version of this broker. The precision and speed of execution of your possible positions are quite immense. They added cryptocurrencies to MT5, and you can totally use daily account statements and trade alerts. So it definitely works like a clock and helps you act like a professional market technician. Opened an ECN account with them and deposit small amount, $100 to test their executions.

They are unregulated that makes them very dependent on news. Once I tried trading that stuff and didn’t like it. Euro, Pound, Gold and Crude are more attractive for me as a trader because their behavior can be explained logically. I can’t say anything bad about the trading process with this company.

But the disadvantages are insignificant and do not affect the profit. After studying the terms and conditions of this broker, I did not find any pitfalls or significant disadvantages. We use dedicated people and clever technology to safeguard our platform. What a COMPLETE joke.....the spreads are INSANELY BAD. I have documentation of spreads that are taken identical side-by-side trades with AAFX and BlackBull Markets. To be blunt, the "difference" on 0.01 lots NAS100 is 42 USD (Loss) to AAFX's favour.

AAFX Fixed Spread Account

Despite successful transactions, withdrawals became a nightmare. They were constantly unable to process my requests and the support team was unresponsive. Luckily, another company came to my rescue and helped me get my funds back support (at) fast-recovery(.)io. Beware of this unreliable broker; their lack of transparency and accountability is alarming. I strongly advise looking for a more reliable partner for your financial transactions. I'm imressed with trading conditions that company provides to its clients.

You can opt for fixed spreads, or go for ECN execution and VIP for lower spreads if you want. This broker is certainly famous for providing traders with a huge choice of trading platforms and account types. Undoubtedly, some traders don’t need them at all, and they trade with companies that offer one platform and one account type. Still, there is a certain advantage in having such a choice. You can try whatever account you want, or whatever platform you want… It’ll contribute to your experience. Trading with fixed spreads isn’t similar to trading with floating ones.

Mobile Trading on AAFX

Customer service was superb.I was glad about how the customer support spent time with me to make sure that my problem was fixed. AAFX Trading provides research tools such as annual calendars with current economic events and news reports on their website. Current global market trends can also be analyzed on the MT4 trading platform which gives inbuilt research tools. A margin means that it is the amount of money essential in your account in order to open a place. Margin is planned based on the current price of the base currency against USD, the size (volume) of the position, and the leverage applied to your trading account.

Normally the country of residence of the broker would provide the regulatory authorities under which they would fall. Each method has a minimum and maximum deposit amount, and most deposits are processed instantly. Local bank transfers may take 1-2 business days to process. AAFX is authorized and regulated by the Financial Services Authority of St. Vincent and the Grenadines. However, the regulator is known to be quite average in strictness, and unfortunately, there are no other regulatory entities that supervise this broker. However, the regulator is known to be less than strict, and there are no other regulatory entities that supervise the broker.