I only deposited 5k and with that 5k and the high leverage that they offered it! Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital. Traders should always understand the risks involved and invest only what they can afford to lose.

I used to not worry about companies that have only been around for a month. I opened accounts at any suspicious sites, where I could work with ten dollars, as I was assured by phone and as a result https://broker-review.org/ I lost more money than I could earn. I opened an account with AAFX Trading after recommendation of my acquaintance. AAFX Trading has all the licenses and the broker proved itself in the best way.

Because of AAFX Trading’s illegal activities, some of the regulatory bodies issued warnings against this broker. For example, the regulatory body of Hong Kong SFC listed this broker as unregulated and fraudulent. They stated that the company does not have an office in their region and is scamming people from Asia. Since there are many options for trading at the moment, we decided to do a couple of reviews, to make sure that our readers are in a good place. Now, in this particular article, we tried to answer the main questions about the AAFX Trading broker.

  • This is a more modern trading platform and there is more functionality for market analysis.
  • I have absolutely no problems trading cryptocurrency, so I think that you will have neither.
  • And second, a trader can enter the capital-intensive markets, even if he doesn’t have his own significant funds.
  • The company’s focus on superior service has been frequently recognized by the industry.

Topforexrating.com will warn you that the information on this site isn’t always up-to-date nor precise. Discover a broker you can trust by reading our in-depth and honest reviews, created by industry experts. Since 2015, we’ve reviewed over 200 forex brokers. If a broker has a score less than 80, like this one, we won’t recommend it to you.

Speaking of AAFX broker, I was not going to write a review, but after reading here some aafx trading reviews I decided to leave my comment. Exactly the point is a fixed spread, because you need to open and close orders at the same time! The price moves up and down, even if the trend is prolonged, you will make a profit on the correction. The distance was 22 pips, taking into account the spread of 2 pips – this is the distance between the buy limit and sell stop, sell limit buy stop respectively. Last week I opened an account with AAFX Trading broker. I thought for a long time but still made this decision.

AAFX Trading Warnings

I took a break from trading for a couple of months before I recently opened an account with AAFX. I think the reputation of this company has long been positive and justified by the feedback from many satisfied customers. AAFX support claims there are no swap fees at all. I’m kinds lost now, cause you say there are some swap fees, but they are low. I’d appreciate if you could check once again and let me know if AAFX website lies about zero swap or not.

aafx reviews

You know that ECN accounts usually come with a commission – a price traders are bound to pay for tight spreads. I don’t like situations where they start criticizing a company with which they didn’t personally cooperate. Because I, for example, have complaints about brokers, which are listed as the best and recommended.

Forex Broker

I’ve been working with the company for two years and haven’t seen any problems. Thanks for the article, I was interested in reading it. However, it speaks about numerous complaints and lawsuits.

aafx reviews

I withdrew the whole amount a little bit more than 100 dollars on purpose to provoke the broker in case it turns out to be a fraudster. But there were no issues, I got the total amount and that’s it. I liked how the platform works, the reviews were not lying, it is comfortable for scalping and the deals are executed fast. In two weeks, I even managed to make a small profit. An honest and reliable broker is transparent in terms of costs. You don’t have to pay to open an account, but you will be charged some other fees.

Brokers By Licenses

Let’s be fair, regulations very ofthen simply don’t work and if brokerage will be unfair, regulations won’t secure your money and you will lose tham, that’s true.. AAFX Trade has registration in Saints-Vincent and Grenadines. I can agree, that’s not the best jurisdiction to be registered, but many brokers simply don’t have even such registrations. That’s first point, so AAFX is mb better than other brokerages in this regard. Secondly, AAFX has good reputation, that’s go without any doubts, if you will search the internet, you’ll find that there are a lot of positive reviews and extremely low amount of negative. As for me, that’s much more important sign in my opinion.

You should consider whether you can afford to take the high risk of losing your money. One drawback is that the educational materials are poorly presented and lack depth, making it a poor choice for beginner traders. However, InstaForex’s market analysis materials are detailed and frequently updated to help traders make better trading decisions.

I trade on news, so it’s crucial for me to have fixed spreads at hand. They are predictable because they are always intact. All information presented on TopBrokers.com website, including charts, quotes and financial analysis, is informational and doesn`t imply direct instructions for investing. TopBrokers.com will not accept any liability for loss or damage as a result of reliance on the information on this site.

Is AAFX Trading Scam or Legit Broker?

AAFX broker is offering a Live account, Demo account, and Swap-free Islamic account. Sign up to our newsletter in order to receive our exclusive bonus offers and regular updates via email. Compare broker See what benefits one offers over the other. Find Your Broker We helped new traders to find their path. This broker did not score well during our testing process and is not recommended by our experts.

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Low spreads allow me to earn more and profit from small deals. It is much more profitable for me as a trader, but the company on this clearly does not receive additional profit. And at the same time, everything that this broker offers can really be applied in practice and nothing to think about. This is a big plus and I also believe that this broker can be considered a worthy partner in our business. You either let customers have what they want or go for regulations and licenses. This is basically the choice brokers have got nowadays.

AAFX Trading and InstaForex both have moderate educational support. Neither AAFX Trading nor InstaForex offer educational support for more experienced traders. At FxScouts, we help traders find the broker that suits their trading needs. In many cases, the best way to achieve this is to compare brokers side-by-side.

Even if you try to break this law and manage to earn something for less than a minute, your gain will be taken by the broker. I think the broker’s regulator made it do this. However, I think it’s no problem to adapt to this restriction and scalp profitably with this broker. This broker has one interesting feature that allows it to stand out from other brokerage services. Here you can trade on an ECN account without commission.

There are slight differences as Retail currency traders use these brokers to gain access to the 24-hour currency market for theory purposes. Forex brokers can also provide services to not just individual traders, but also provide for institutional clients and large businesses, for example, investment banks. I t has taken me a LONG time to learn ForEx trading with many many demo accounts. I must say I have never had a problem with AAFX Trading. Deposits and withdrawals were seamless, no more than 24 hours from my experience.

But long-term trading requires more favorable trading conditions and more professional skills of traders. Yes, AAFX provides free training for all its clients, regardless of the type of account. A broker really makes sure that its clients have access to the latest trading training materials. So, yeah, most of what traders wrote about a brokerage is true. At that time, I did not even understand why regulation was needed.

I haven’t been trading for a long time, so the first thing that attracted me to AAFX was the education and detailed technical analysis. You know, it’s essential to have the information you can rely on. There are acceptable terms of trade in the AAFX. They are especially suitable for those who follow a high-leverage strategy.