AAFX Trading Review
Clients of AAFX Trading are offered a choice of 2 account types, Fixed and ECN. As its name suggests, the Fixed one offers fixed spreads, while spreads on ECN account are variable and tight. Unlike most brokers, this one does not charge ECN account holders with commission. Both account types offer micro tradeable lots and leverage up to 1:2000, which is super high. We advise traders to exercise caution when using high leverage ratios, for they involve greater risk.
In addition, swap-free (Islamic) accounts are also available with this broker.
It seems that this broker offers competitive trading conditions. AAFX Trading’s fixed spreads are average – 2 pips on EUR/USD, while the ECN ones are really low, starting from 0.5 pips on EUR/USD, and no commission applies.
The Company. Security of Funds
AAFX Trading was offers trading in a number of currency pairs and various CFDs on the widely used MetaTrader 4 platform. The brand is owned and operated by AAFX Trading Company Ltd., a company operating under the jurisdiction of St Vincent and the Grenadines (SVG). The firm also has representative Offices in Australia and Hong Kong.
SVG-based International Business Companies (IBC) provide financial services under the local financial regulatory regime, which is one of the most liberal ones. Registration procedure is easy and inexpensive and companies face little regulatory supervision, if any.
That is why, if you plan to invest a large amount of money, we would advise you to select among brokers regulated in the EU or Australia, or another jurisdiction, where the respective financial watchdogs are on alert and your money will be safe.
This brokerage supports the popular MetaTrader 4 (MT4), which comes in desktop and mobile versions.
MT4 is the preferred software by most traders, because it is advanced, yet user-friendly trading platform. It offers a number of technical indicators, extensive back-testing environment, advanced charting package and what is more – Expert Advisors (EAs). By downloading ready-made or creating their own EAs, traders may fully automate their trades.
The broker used to support the Vertex trading platform, but has abandoned it.
AAFX Trading offers a Refer-a-Friend bonus from 5% to 10%, depending on the deposit amount of the referred one, which gets 30%.
It also provides a 30% welcome tradable bonus to clients who deposit a minimum of 500 EUR/USD.
Methods of Payment
AAFX Trading offers a large number of payments methods to accommodate all our clients: bank wire transfer, credit/debit cards and e-wallets Neteller, Skrill, paynow, PerfectMoney and FasaPay.
Withdrawals are processed within three business days, but banks may take longer.
AAFX Trading is a MT4 broker that offers trading in wide range of instruments.According to us, the main problem with this broker is the fact that it is registered offshore.
AAFX Trading Review Conclusion
For more information about currency trading brokers visit TopForexBrokers.com forex brokers comparison website, Tip ForexSQ.com foreign exchange trading experts please by share this article about AAFX Trading Review.