02 Mag AAFX Trading Review 2023 Detailed Information about AAFX Trading Forex Broker
With this, you can start with the investment journey and try out your hands using the demo account. No doubt, it can be a bit complex for beginners, but choosing a broker with an easy-to-use trading platform will be extremely important. After all, it will provide the important information you need to get started in the industry. Forex broker will be the financial service company that is responsible for providing the traders’ access to the platform for selling and buying foreign currencies.
- When the exchange rate is high then the trader will close the trade and make a profit.
- It is not clear how this broker makes money on this account with the 100% ECN spreads and zero commissions.
- When compared to other brokers in the same category, this broker’s offerings are limited.
- Here the deals are going instantly, the broker executes immediately and it’s clear that it doesn’t interfere on purpose.
AAFX Trading accepts deposits through major debit and credit cards, wire transfer, MoneyGram, Western Union, FasaPay, WebMoney, Netteller, Skrill, Payza, and Perfect Money. As mentioned earlier, this broker offers a bonus of up to 50% for new deposits and 30% for redeposits. It is important to note that the bonuses are not available all time, and hence you must time when AAFX has such offers. AAFX Trading provides the renowned MT4 which is available in web, desktop, and mobile versions. As we will see later in this review, the MT4 is the number one trading platform across the globe. This broker does not have its trading platform, which is okay given that the MT4 serves all the purpose.
Long story short, I became a satisfied client of AAFX. Approach this organization with the HIGHEST DEGREE OF CAUTION! Without freelandpyle help, my refund would not be processed. AAFXTrading.com is a fully licensed and regulated aafx reviews company. Is one of the world’s fastest growing Forex& CFD provider. Any company, even with an excellent reputation, has certain things that suit you best or do not suit you at all.So I treat such things philosophically.
AAFX Trading is a forex broker company that has headquarters in Australia and Hong Kong. Finding a reputable AAFX Trading review local or worldwide can be a difficult process, especially finding a complete list from a trustworthy reputable source. Below is an in-depth review of AAFX Trading to help you make an informed decision before opening your account or trading on their platform. If I didn’t attend the website I would never be able to find otu that this broker offers welcome bonus. It’s required to deposit at least 500$ and you will definitely receive 35% bonus to your deposit. Moreover, what was really wondering to me is the presence of redeposit bonus, y’all heard about something like this?
AAFX Trading is regulated by the Financial Services Authority (FSA) of St. Vincent and the Grenadines. This regulator is less known globally but has all the measures to safeguard users’ deposits. AAFX Trading operates globally and is among the few brokers that accept clients from the US.
I wouldn’t call AAFX Trading company a big broker, although they deliver their services around the globe, including the USA. This proves, that the company is really reliable and respectable since American supervisory bodies are picky on brokers, which work with American clients. But in the rest AAFX is not exactly very popular broker. And this is quite strange, as the company offers beneficial trading conditions, tight spreads, and very small deposit requirements.
“The most cost-effective account types”
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. I replenished my account several times, and twice withdrew the money.
I started to use AAFX Trading services because it allows to open bitcoin deposit and start trading crypto right away. Lately crypto attracts me kind of more than regular forex-trading. 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.
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. All you need is to navigate to the Terms and Condition section on their website. From the my experience with AAFX Trading, their conditions are very competitive.
Learn Trading Risk-Free with a Forex Demo Account
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. Please be aware that withdrawals from Aafx (until they increase their blockchain transaction fees) are dangerous and you can lose a large portion of your capital in the process.
The broker offers a variety of Metatrader platforms for trading. The trading platform offered by the broker is MT4 and MT5 for PC, MAC, mobile, and tablet or Web Trader (MetaTrader product, but no need to download and install the app). Of course, each platform has its advantages and disadvantages. For example, for a beginner I would recommend using Metatrader 4 or its light version for web trading.
I’m satisfied with my AAFX Trading
Spreads on a Fixed Account start at 2.0 pips, whereas an ECN Account or VIP Account will offer spreads starting at 0.2 pips. Variable spreads are of course always changing and are therefore subject to change. AAFX Trading is a global forex broker company that is based in Australia. AAFX Trading is one of the world’s fastest-growing Forex and CFD providers.
This is way lower than what many other brokers ask for.Plus, the pip value for XAU/USD is $0.01, which helps me manage risk better and seize opportunities in the gold market. I find this affordability and low margin requirement at AAAFX very helpful for my gold trading. There are only two available trading platforms here, and they are more than enough. I absolutely love to use the mt4 and so far, I have been a very good trader using it here. The participants involved in the market can choose to exchange or speculate on the relative exchange rates of various currency pairs.
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. A forex account that is held by the trader is normally given by the broker with the sole purpose of trading different currencies and market instruments. Usually, the number and type of accounts that a trader can open with a broker company differ according to the broker or country in which they operate. Despite successful transactions, withdrawals became a nightmare.
AAFX Trading does not charge any fees for deposits and withdrawals made through credit and debit cards and electronic wallets. There are also no fees for deposits and withdrawals of over $10,000 made through Wire Transfer. 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. The safety of client funds is a top priority at AAFXTrading.
Advanced trading with AAFX
Even so, there are several complaints about its tedious verification process. I rarely change brokers for trading, but I often try new conditions. I am looking for the best conditions like all traders.I found out about AAFX Trading by accident after watching a blogger review on Youtube. I decided to check the reliability and made a minimum deposit of $ 100. It is available in web, desktop, and mobile versions.