Otherwise, I totally agree, AAFX does offer a large set of assets combined with high leverage. Perhaps, one of the most important things to bear in mind is to understand whether a broker is trustworthy or if it is just a total scam. When we talk about aafx, then we cannot but notice several things which claim it to be alright. First of all, the brokerage has official regulation. I have never met a broker which had the regulation and which was a scam. Usually brokers go through various filters to get the regulation and not all of the brokers can meet the requirements of the regulators.
- Justin is an active trader with more than 20-years’ industry experience of working for big banks and hedge funds.
- AAFX understands this well and provides 24/5 customer support.
- Its trading conditions are better than the majority of forex broekrs.
- For currencies trading this is probably the best offer ever.
- Of course a lot will depend on your trading skills but I believe that low trading costs also matter in success.
They can signify a specific set of the largest companies of a nation or they can represent a specific stock market. Well, swaps, roll-overs and overnight fees are basically the part of cost to your trading that you pay to your broker for holding your position into the next trading day. There’s MT4, so it works well, as in any other brokerage. I noticed no lags and no delays, response time is fast. Initially I was stuck due to the number of different pages with bunch of information on the site.
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.
Brokers provide different trading software for their clients. This is normally called a trading platform and it is used for making trades. The commissions are the costs levied by the broker on a client for making trades on the client’s behalf. The level of commissions will differ between various brokers and it will also depend on the different kinds of services, accounts, and trades done by the brokers.
I am a client of this broker myself, so I’m writing this review.Besides, these conditions are available to everyone! Because broker’s requirements to minimum deposit size are very low. MT4 is one of the most widely used trading platforms.
AAFX execution 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. Their spread is relatively cheap and affordable but, of course, not the most reasonable. It would be better if the broker considered increasing other methods of payment, such as PayPal.
Trading Platforms
But it turned out that even the assets like stocks or indices can be traded without commissions whatsoever. It’s a very positive thing in the number of other pluses of the company. From my experience I would definitely recommend this broker to others who are in the forex industry. The minimum deposit to get started trading is USD/GBP/EUR 100 for both account types. In any situation I prefer to have a choice, because some frames are always limitations that may not allow you to find your way and your approach. So, here you can test everything and make your final choice.
VIP Account
Eventually I sorted out in this topic, but still I am not ready to involve into it, cause I’m focusing on trading nowadays. It looks appealing, but rather confusing at the same time… Moreover, it is available in web, desktop, and mobile versions. Traders can download this platform straight from AAFX Trading website and follow the provided installation guide.
In this review of AAFX, we’ll dive deep to find out everything worth knowing about this broker. We’ll discuss its trading fees, safety and security, policies, trading software, research capabilities, educational material and more. In addition, if you decide to open a live trading account with AAFX, you will find a useful step-by-step guide. Of course, the biggest difference is the type of spread.
Before I trusted all my saving funds, but then I decide to invest by myself. Actually, in our country, it is a common thing to cooperate with the broker of the stock market, but of my friends recommended me to try trading through the forex-broker. Really, if you compare the conditions, you will see that here the commission is quite less and you can use leverage, totally free.
Are trading fees high with AAFX?
Because those who have only $100 in the pocket have nothing to do in the financial markets. The thing is, a person who has no money and savings doesn’t know how to manage aafx broker review money. And without this skill, it’s simply impossible to make capital on trading. Believe me, I know it perfectly.So, AAFX is an ordinary broker with standard conditions.
I read a lot of of reviews on aafx but maybe this is a moment write my own commentary. I have my own opinion about how things are working in our world and always recommend to everyone to think by your own head. 2) 30% Redeposit Bonus – Existing clients will be able to enjoy this special 30% bonus on top the amount they deposited. AAFX Trading does not charge inactivity fees, but it’s best to check with the broker for the most up-to-date information regarding any other fees. Ripple (RPL) is also popular amongst large banks with the Ripple network a next group real-time gross settlement system.
AAFX Trading Customer Protection
It’s not the biggest one that I know but with experience I realized that I don’t have a lot of assets to trade. I like this approach to creating trading conditions. The broker’s customer support is available via two local phone numbers in Hong Kong and Australia, or via live chat on the website.
Even newbies are welcomed as the broker has a relatively low minimum deposit threshold compared to other brokers with similar features. Plus you’d want to start your trading journey with a company that is highly trustworthy and credible. AAFX Trading can be considered as a low-cost broker, given its tight spreads and zero commissions. As mentioned earlier, the typical spread for the EUR/USD pair with this broker is 0.6 pips. The industry average for the same pair is 1.2 pips.
The biggest weakness of the MetaTrader platforms is that they look a bit dated. MetaTrader 4 (MT4) was released in 2005 and MetaTrader 5 (MT5) was released in 2010. Since their release, the platforms have not changed much.
We believe that there are better options out there for social trading. AAFX offers a welcome deposit bonus, which is not a unique thing too. As for a minimum trading deposit, it’s fairly big only for VIP clients ($20000). The two remaining accounts can be opened with just $100. As for me, I chose an ECN account for its low 0,6 spreads. By the way, all trading accounts here are commission free, which may be attractive for many people.