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. AAFX Trading is a beginner-friendly broker offering flexible account types, high leverage, and popular trading platforms. Its zero-commission structure and promotions make it attractive to new traders wanting to try the forex and CFD markets without high upfront costs. There are no deposit fees, withdrawal fees, or inactivity fees, which is always a good start.
AAFX Lower trading fees
Additionally, AAFX Trading offers a variety of account types, each with its unique features and benefits, making it accessible to traders with different levels of expertise. AAFX Trading offers all its clients negative balance protection, ensuring that they cannot lose more than the balance in their trading accounts. The company also provides segregated accounts, where clients’ funds are kept separate from the company’s operating funds. AAFX Trading has been operating as a forex and CFD broker since 2014. As this AAFX broker review indicates, the company is regulated by the Financial Services Authority (FSA) of Saint Vincent and the Grenadines. The broker is known for its user-friendly trading platform, a diverse range of assets, and competitive trading conditions.
The demo account of this broker is available without confirmation of identity and deposit. Traders can open it by visiting AAFX Trading and registering for a demo account. The process includes providing personal data and specifying details such as the type of account, leverage, currency and the amount of virtual money that the trader wants to use. This step also includes agreeing to the terms of AAFX Trading and enabling or disabling the mailing list. After providing their data, customers should provide more information about their financial situation to determine whether CFD trading is suitable for them. Traders are asked about their income and savings, as well as their understanding of Forex and CFD trading.
Social copy trade
Yes, they look like old windows programs, but they can easily run on old computers as well. MetaTrader’s platforms can smoothly run on even low-budget devices and they are reliable and trusted. Keep in mind that MT4 was built for trading currencies and if you are planning to trade various asset classes, such as stock CFDs and others, it’s best to pick MT5. Finding the right broker is never an easy feat as there are so many brokers in the market these days.
Since AAFX doesn’t offer MetaTrader 4 and 5 trading platforms, it has no investment options such as copy trading or social trading. 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.
- They also feature an automated risk management system on their platforms to prevent account balances from going negative during trading.
- AAFX Trading customer service agents are available Monday through Friday from 24/7.
- AAFX Trading supports trading in various currencies, including USD, EUR, GBP, AUD, CAD, CHF, JPY, SGD, and NZD.
- Keep in mind that MT4 doesn’t support multi-asset class trading, so for those looking to trade assets other than FX, we recommend going straight for MT5.
- Any rates, terms, products and services on third-party websites are subject to change without notice.
AAFX Deposit and Withdrawal Methods
Asktraders is a free website that is supported by our advertising partners. As such we may earn a commision when you make a purchase after following a link from our website. The broker always offer them and they make trade here interesting and I get more profit. It is crucial when you make tons of trades in a short period of time like me. AAFX has numoures bonuses such as 35% welcome bonus, redeposit bonus, and iPhone/iPad promotion. The website is well-designed, with intuitive navigation and a clean interface.
As stated earlier, its platforms and support services are available in Chinese, Indonesian, Russian, Vietnamese, and Spanish. The broker is as adaptive as possible to clients from different parts of the world. AAFX Trading is a market leader in customer service, offering its customers first-class products and services in more than 20 different languages. In addition to Forex, AAFX Trading offers to trade on its platform with energy carriers such as oil and precious metals such as gold and silver. It should also be noted that the broker recently began to offer bitcoins upon request, and investors can trade cryptocurrency against major currencies. These revenue streams allow us to remain financially independent of advertisers, enabling us to provide all services with maximum transparency.
- You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money.
- AAFX Trading provides access to the widely recognized MetaTrader platforms, known for their advanced trading tools and user-friendly interfaces.
- For example, scalping and hedging are allowed, and you can participate in automatic trading, as well as the broker has spread for transferring the position to the next day.
- The training programs are designed based on tools for traders of all levels, from “beginner to advanced.”
- The terminal is perfectly protected, and the user can be sure that no one else will have access to his personal data.
AAFX Trading is transparent about the absence of deposit/withdrawal fees, though third-party charges may apply. Additionally, regulatory bodies have issued warnings regarding AAFX Trading’s operations. The minimum withdrawal amount is $50 for most methods, and the maximum withdrawal amount varies by method. Withdrawals may take between 1-7 business days to process, depending on the method used. AAFX Trading customer service agents are available Monday through Friday from 24/7.
Despite their lack of wider geographical regulatory compliance, these security measures indicate a commitment to customer fund safety and transactional security. BlackBull Markets is a reliable and well-respected trading platform that provides its customers with high-quality access to a wide range of asset groups. The broker is headquartered in New Zealand which explains why it has flown under the radar for a few years but it is a great broker that is now building a global following. The BlackBull Markets site is intuitive and easy to use, making it an ideal choice for beginners.
Mobile platforms also make it easy to view prices and place orders. AAFX is legally registered under the name AAFXTrading Company Ltd, and alongside its headquarters in Saint Vincent and the Grenadines, it also has offices in Hong Kong and Malaysia. With some restrictions, it is available to clients across the globe. 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. This brokerage platform is full of useful features and opportunities, and nothing unnecessary. As a company, they have been around for quite some time, and they got the credit and reputation to their name.
AAFXTrading offers a range of features and services that make it a versatile choice for traders of different backgrounds and experience levels. Geographically, AAFXTrading accepts clients from all countries, making it accessible to a global audience. This broker is particularly useful for traders who prioritize fast withdrawals and instant execution, as these are among its top features. For novice traders, AAFXTrading offers educational tools to help develop their trading skills and knowledge. The availability of free demo accounts allows beginners to practice trading strategies without risking real money.
Platform review
The resources are adequate for beginners but lack the depth and sophistication required by intermediate or advanced traders. Regular webinars, in-depth market research, and interactive learning tools would enhance the offering. The absence of micro accounts for small-scale traders and limited options for Islamic traders seeking Sharia-compliant accounts may alienate some users. Despite the mixed feedback, the broker’s mobile platforms (MetaTrader 4/5) maintain high ratings on both iOS and Android.
Forextraders’ Broker of the Month
The Investing Brokers team have over 15 years of experience in the online brokerage industry and are committed to providing reliable information for all of the brokers that we review. The breadth of available instruments ensures that traders with varied strategies can diversify their portfolios. However, the lack of a broader selection of cryptocurrencies or more niche instruments may limit appeal to some modern traders. Still, it’s crucial to read the terms and conditions, as bonus withdrawal conditions may be strict and require high trading volume. This is due to the strict regulations enforced by the United States Securities and Exchange Commission (SEC) and the National Futures Association (NFA) on forex trading activities. The company has grown over the years to become a well-established forex broker, and it is regulated by the Financial Services Authority (FSA) in Saint Vincent and the Grenadines.
Fees & commissions of AAFX
You need to be able to fully trust your broker before depositing your hard-earned cash into a trading account on their platform. AAFX Trading offers mobile trading solutions through the MetaTrader 4 and 5 apps, allowing traders to manage their accounts and execute trades on-the-go. AAFX Trading offers different lot sizes, allowing traders more flexibility and control over their trades. The minimum lot size for trading on AAFX is 0.01, also known as a micro lot, which is ideal for beginner traders who want to minimize their risks. Customer support is available 24/5 and can be accessed through email, phone, or live chat, with multilingual support available. This AAFX trading review will reveal all you need to know about AAFX brokers.
We do not provide investment advice or solicitation of any kind to buy or sell any investment products. Trading carries a high level of risk and may not be suitable for all investors. Given these factors, potential traders should exercise caution and conduct thorough due diligence before engaging with AAFX Trading. All information presented on TopBrokers.com website, including charts, quotes and financial analysis, is informational and doesn’t imply direct instructions for investing.
Margin trading is available, automated trading is allowed, and access to MetaTrader (MT4) and MetaTrader (MT5) is offered which is similar to other account types. However, in order to open this account type, traders need 20,000 USD minimum initial deposits. 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. Regarding Islamic trade, AAFX Trading offers a cashless account that is fully compliant with Sharia law. Quality education is very important for novice traders, while experienced traders need tools for conducting technical and fundamental analyses.
The next step is to verify your identity and verify your address. Users must provide aafx trading a copy of their government identifier and a document that shows their current address. Only after verification can traders make a deposit and gain access to a live platform. AAFX Trading accepts deposits through bank transfers, Visa, Mastercard, Neteller, FasaPay, Payza, Moneygram. In addition, AAFX Trading offers instructions for installing MT4 on Mac, Windows, Android, and iOS devices. On the other hand, a WebTrader is best for traders who prefer instant access without having to install anything on their computers.