It doesn’t save at all on useful services for traders, and in my opinion it is quite profitable. For example, there is a demo, which is constantly available and allows you to find answers to all your questions. The same applies to several types of spreads – you can always choose something optimal for yourself.
My first broker
In fact you can, but if you profitd from such a deal, it will be removed from your account. So just in case you have to be more careful with it, if you don’t want to get into an unpleasant situation. And also at this broker it is possible to use ready trading systems, the broker provides for this purpose everything necessary. The client has the freedom to decide at which price they decide to buy or sell, and vice versa, and can execute a transaction at any time they wish.
AAFX Trading Review
From time to time, I manage to grab a couple of hundred bucks. I like AAFX Trading because of extremely high leverage. I enter the market very rarely but when I do, I put a large volume on the table. I know this is a dangerous strategy but the market is keen on reversing, and the only way to catch strong trends is to start seeking the reverse.
VIP Account
You expectations will be met beyound your imaginations. The minimum deposit required to open an account with AAFX Trading is $100. Traders should always understand the risks involved and invest only what they can afford to lose. It is always recommended to read the terms and conditions of the company and check for the regulations, licensing and any other important information about the broker before investing. AAFX Trading also offers their clients the Web Trader option, which allows the flexibility of trading from almost any device, without having to download or install any software.
AAFX fees compared to Interactive Brokers fees
Moreover, there was a period when I got carried away by cloud mining and I was just looking for an exchange to change mined bitcoins to the fiat with better conditions. Of course, It is possible to find the platform with smaller commissions, but I wouldn’t risk and trust my money just anybody. AAFX is an official organization and it is safer to work with them.I can not really say anything regarding the trading conditions. Probably there are some brokers with smaller and bigger spreads.
AAFX Trading is regulated by several financial authorities, ensuring the safety of traders’ funds and transactions. There are no deposit fees, withdrawal fees, or inactivity fees, which is always a good start. One thing that is good with this broker is that it offers both fixed-spread and floating-spread accounts, with trading fees depending on the account type you pick. Trading fees on EUR/USD start from 0.4 pips when using the VIP account, but this takes a large chunk of cash to open the account. For ECN account users, spreads start from 0.6 pips and average around 0.8 pips on EUR/USD.
I received a 30% bonus for my first deposit (I even could get 35%, but decided to make a check by making the first deposit so I deposited not the very big amount). As a result, it took me around half a year to fulfill all the bonus requirements, then I could withdraw it. The next time I deposited already 1000 dollars and received a new bonus – 35% (for the repeated deposit this is maximum level). Besides the fact that you can get some additional income from bonuses, AAFX offers quite good spreads.
AAFX offers a first-time deposit bonus of up to 50% to entice new traders to sign up. This broker is perfect for both beginner and experienced traders, given that it provides well-structured and comprehensive educational materials covering all levels of trading. Traders are also given an opportunity to test their trading skills by challenging each other through competitions. Moreover, the broker allows aafx trading review copy trading where new traders or those without time to do trading research can replicate the trades of professional traders. AAFX’s offering of platforms and tools may be limited, but its range of assets is fairly diverse, and the low spreads keep trading costs competitive. The biggest selling point that differentiates AAFX from other leverage brokers is the extremely high leverage offering.
- Alternatively, traders can chat them through their Facebook page.
- The fact that AAFX is not currently regulated by any government body may be of concern to clients, especially given the high-risk nature of leveraged trading.
- From stat-arb and trend-following CTA to fixed-income relative value.
- 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).
- After a while, I build my first deposit and of course tried to help my friend to change his system.
Yesterday I had a technical problem related to my Internet. I contacted the support team and did everything according to their advice and the problem was solved within 10 minutes.It is also very important for me that the broker offers 100% balance protection. For this review, I tested the AAFX Trading Fixed Account, where the broker applies fixed spreads but does not charge commissions or swap/rollover fees. AAFX Trading also offers an alternative account featuring variable spreads. AFX Trading provides commission-free trading, with no added fees for their clients.
AAFX Trading offers several different ways you can deposit or withdraw. This broker can process your deposit and withdrawal requests wherever you are. As long as you have a good internet connection and you are a registered AAFX user, you can withdraw funds from your trading account. Withdrawal requests are processed within three business days. In regard to what exactly is a Forex broker, it is a firm that gives traders admittance to platforms that let them buy and sell foreign currencies.
I can say that this brokerage company is almost ideal for the vast majority of traders because it offers very good trading conditions. It doesn’t charge swaps and commissions on all of its trading accounts. Besides this, here you can choose between fixed and floating spreads.The only thing that may disappoint you is one restriction, although it may matter for scalpers only. The brokerage company doesn’t allow to hold a trading position for less than a minute.
While it’s an unregulated entity, it does offer securities like negative balance protection and keeps client funds in separate accounts. AAFX Trading provides daily research reports in a dedicated section on its website, covering both fundamental and technical aspects of popular trading instruments. I found the reports to be comprehensive and valuable https://forexbroker-listing.com/ for traders at all levels. A demo account is an account that allows you to test the broker’s services and your trading skills without risking your money. This selection of options is sufficient for mobile-based trading. I prefer using a mobile app when I don’t have access to the desktop platform but need to monitor the market and open positions.
Help is available throughout the standard business week, 24/5. The company does provide several division specific email addresses, along with several contact numbers for their various offices. Support is offered in several languages, which is extremely helpful. In addition to daily reports, the broker expands its research offering within the client portal, where traders can access daily news in video format.
Despite the initial time and effort required, traders who invest in this learning, ultimately gain a powerful tool that helps achieve better trading results. MT5 is an advanced trading platform that could be tailored to traders’ needs. Its interface is rather intuitive, although some traders may want to search for tutorials to take a deep dive into MT5’s capabilities. In general, advanced traders would have no problems with MT5, while beginners may need to spend some time learning the fundamental features of the platform. My tests indicated that AAFX Trading offers low spreads for Apple and Tesla. The spreads for Gold fall within a medium range, while those for EUR/USD, GBP/JPY, WTI Oil, Dow Jones, DAX, and BTC are high.
The brokerage offers attractive trading conditions for that approach, so I got nothing to complain about. I also wanted to trade and asked him to advise me a broker. He said he was trading here.I was afraid to start trading, because the broker is not very popular. I decided it was better to get used to the platform, and then think. I realized that my friend cannot fool me and I created a real account.So, I trade on the platform for a year.
To begin with, I’m not personally trading with AAFX, but my brother is and he is very pleased. When he read this article, he asked me to explain everything, because he already wanted to withdraw money and find other broker. Shortly – statement that offshore registration equals to unreliable broker is wrong. Let’s start with the basics of economics – rich countries have more money.
I mean, this broker has a kind interface, a wide range of assets, etc. One of the main things I want to say is customer support. These guys answered my question very politely and intently. By making our world a smaller and more global place, this automatically means that people, goods and services can travel faster and more easily. This also means that a necessity of currencies to be traded against each other is needed in order for this to happen.
Both accounts are swap-free and require a minimum deposit of $100 only. The VIP account, on the other hand, comes with additional benefits but requires a minimum deposit of $20,000. Those who hold this account type enjoy 100% ECN spreads and can request additional tradable instruments on top of what is presented on the AAFX Trading website. It is not clear how this broker makes money on this account with the 100% ECN spreads and zero commissions. I think that my broker has got all forex trader wants in one. With this account size you can choose whether you wanna use fixed or variable spreads.