Is AAFX A Safe Broker?

It is important to note that deposits through all the above methods reflect in the trader’s account instantly. Withdrawals, on the other hand, may take up to 2 business days. Traders must fill a withdrawal request for their funds to be processed. AAFX offers opportunity to use both fixed spreads and variable ones. I think fixed spread will be good in case you’re trading in the long-term, but if you’re scalper or short time trader, than variable spread is better.

1. Furthermore, it holds a Forex License from Comoros (Mwali).
2. The period when trading is carried out at two trading floors simultaneously.
3. Hoping for better results as I am getting more familiar with new strategies...
4. Comparing to the commission of the stock market brokers AAFX commissions are almost invisible.

Support is offered in several languages, which is extremely helpful. Appropriate broker for traders who require robust execution of their trades. Which means that the lightning speed of execution is guaranteed.I myself as a scalper know no problems since I moved here.

AAFX Trading

It has very handy charting and tracking features for forex traders such as automated trading systems (EAs), Technical Indicators and different timeframes. AAFX Trading is a relatively recently founded company, however it boasts a strong industry reputation. SVG FSA is not one of my favorite financial regulators.

Meanwhile, AAFX’s VIP account claims to offer clients with starting balances of $20,000 access to commission-free and swap-free trading. The company's commitment to providing clients with excellent trading conditions, platforms, and customer support has earned it positive reviews and an excellent reputation. AAFX Trading is a regulated broker, and clients can trade with the confidence that their funds are safe and that they will receive excellent service. 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.

responses to “AAFX Trading”

Apart from excellent performance, this platform has military-grade level security with a 128-bit keys encryption. As mentioned above, Fixed accounts offer fixed spreads, while ECN accounts offer variable spreads and VIP accounts offer raw spreads. The AAFX Trading website advertises spreads as starting at only 0 pips. While we did not locate any assets with a spread this low, we did note several that were listed at 0.01 pips. Spreads on all majors currency pairs were starting at 2 pips. Variable spreads are of course always changing, and are therefore subject to change.

AAFX have done a huge scam with their clients and hold their profits. So whoever read these comments please don’t do any kind of trading with this Forex Broker because they only wants their clients in loss. And luckily if someone takes profit from market they will delete your profit positions. It isn't very convenient, not all functions are supported.

Dangerously risky withdrawal process

Before we look at the deposit methods accepted by this broker, it is worth noting that your money is safe with them. Firstly, they fall under strict regulation of the Financial Services Authority of St Vincent and the Grenadines. While this regulator is not well known, it has stringent measures aafx reviews in place to ensure deposit safety. The MT4 enables traders to analyze the markets, perform advanced operations, and engage in algorithmic trading through Expert Advisors (EAs). Traders can buy EAs from the market or hire developers to build their strategies into trading algorithms.

AAFX Review Navigation

In addition, the home page is available in 14 languages. There are 64 available stocks as CFDs for trading with AAFX. Trading CFDs is best for speculating short and medium-term as you can go short or long, use leverage, and trade more liquid assets. In addition, there are much lower barriers to entry.

I've tried only demo yet and seems like trading conditions are good, but the devil is in details, so are there any hidden fees?

FXView provides access to 2 different live trading accounts, Raw ECN, and Islamic, Swap-Free. AAFX Trading provides approximately 100 underlying assets for clients to trade on. Their asset index initially included only Forex, CFDs and Futures, but has now been expanded to include stocks, commodities, indices, metals, and one crypto-currency (Bitcoin).

The technical support service also works competently and quickly. When I opened a VIP account I had a lot of questions about the offered conditions. There are no per-trade commission charges and no swap or rollover fees. The cost that you pay to trade with this brokerage is therefore going to be part of the spreads. If you find them to be perfectly acceptable, then AAFX Trading may just be a good selection for you. Do note that the trading conditions seen within demo accounts do not always match actual trading conditions, so be sure that your spread information is indeed accurate.

I would be surprised if I knew that AAFX can't provide accounts for Muslim traders. AAFX Trading has a rating of 4.6 stars from 107 reviews, indicating that most customers are generally satisfied with their purchases. Reviewers satisfied with AAFX Trading most frequently mention demo account, long time, and high leverage. AAFX Trading ranks 9th among Currency Trading sites. The margin requirement for gold (XAU/USD) trading at AAAFX is super affordable, which I think is great.

I don’t understand why companies are reluctant to implement those modern ways of payments? It’s a big L for them.Keep in mind that AAFX requires a substantial free margin to be able to withdraw funds. All you need is to navigate to the Terms and Condition section on their website. It’s really easy to criticize because we can always be dissatisfied with something or want something more.

Trading fees on EUR/USD start from 0.4 pips when using the VIP account. For ECN account users, spreads start from 0.6 pips and average markups on EUR/USD are around 0.8 pips. In order to better understand the fee policies of AAFX, let’s compare it to other brokers. For the comparison, we picked the ECN account which offers spreads from 0.6 pips. 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.

With AAFX Trading you can open an account without swaps and as a result, you can keep the deal opened as long as you want, it will not entail any additional spending. After I deposited the margin into the account, they suspended my account and prevented me from logging in to the platform. The first time I encountered such a rogue in foreign exchange, this platform gave a star to it. I was pleasantly surprised that I can get bonuses after I opened an account. Thanks to such bonuses I was able to start trading with some advantage. Trading financial products carries a high risk to your capital, particularly when engaging in leveraged transactions such as CFDs.