This allows you to have the freedom to manage your finances as needed while still taking advantage of our bonus promotions. 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. This helps to protect clients’ funds in the event of the company’s insolvency. AAFX Trading uses state-of-the-art encryption technology to secure all client data, including personal information and financial transactions. Please note that exchange rates and conversion fees may apply when depositing or withdrawing funds in a different currency from your account base currency. AAFX Trading has a customer service rating of 3.9 stars on Trustpilot, based on 109 reviews.
- The broker provides extensive educational material, including video tutorials for teaching how to use trading platforms, educational videos on trading, and e-books to help new traders along.
- This means that the safety level is not very high with this broker.
- AAFXTrading does not hold regulatory licenses from European, North American, Asia-Pacific, or Middle Eastern regulatory bodies.
- However, only a select AAFX Trading currency pairs are considered to be highly liquid on AAFX Trading.
- Small minimum depo enter and flexible accounts conditions is fine for all.
At AAFX, we want to ensure that our clients receive the benefits they are entitled to. Please make sure to adhere to this condition to take advantage of our bonus promotions. 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.
Step 2: Time to verify your account
AAFX Trading’s customer services support team is available 24 hours a day, five days a week via phone, email, or live chat. Although the contract for differences (CFDs) trading is a method of offshoot trading that allows traders to gamble on the rising or falling prices of fast-moving global financial markets. CFD trades on different markets have no commission but do wrap a spread around the market price of a certain instrument. When the price stands in one place, speculative operations in the forex market are meaningless.
AAFX is the broker that I wish to have…
Even more, I consulted the customer team and received prompt and helpful answers. (3) To claim your bonus, please make sure to do so within 24 hours after making the deposit. After this timeframe, you will not be able to claim the bonus. (2) To claim the bonus, the deposit amount must meet the minimum requirement of 500 USD/EUR.
AAFX Trading is an excellent choice for traders looking for a reliable, customer-oriented broker with a track record of excellence in the forex industry. 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. Many clients have reviewed AAFX Trading on various platforms, and the reviews are generally positive, with clients praising the excellent trading conditions and customer support.
Reliability & Security
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. 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. The minimum deposit required to open an account with AAFX Trading is $100.
AAFX Trading at a glance
In case you have already made your decision to open a live trading account with AAFX, we are here to guide you through the entire process. Registration and account opening is fully digital and the broker provides a user-friendly website. There are 64 available stocks as CFDs for trading with AAFX. Trading CFDs is best for speculating short and medium-term as you can go short or long, use leverage, and trade more liquid assets. On the other hand, real shares are better for investing long-term as you do not pay rollover fees. AAFXTrading has a user-friendly website design with a clean and simple layout, making it easy to navigate and find the information you need.
However, the multitude of other features provided by AAFXTrading compensates for this drawback. The Demo account can easily be opened from the broker’s home page and you’ll be able to see an “Open Demo Account” button in aafx broker review the top right corner. A demo account helps traders experience live markets without the risk of losing money. Demo trading is crucial for beginners to learn how to use trading platforms, indicators, and general trading.
As a AAFX Trading customer, you need to exercise extreme caution in order to make certain that the people with whom you are transacting are well financially regulated. AAFX Trading is regulated by (SVGFSA) Grenadines the and Vincent St. Authority Services Financial. There are no deposit fees, withdrawal fees, or inactivity fees, which is always a good start. One thing that is good with this broker is that it offers both fixed-spread and floating-spread accounts, with trading fees depending on the account type you pick. Trading fees on EUR/USD start from 0.4 pips when using the VIP account, but this takes a large chunk of cash to open the account.
AFX Trading offers its clients a variety of bonuses, promotions, and rewards. Each broker charges its own costs which entail commissions, spreads, and margins. Traders should be aware of exactly what their broker’s fees will involve before making the decision to trade with them. When you get the bonuses, they become part of your capital and you are free to use them in trading. And you can withdraw them from your account after a full workout.
It offers a great advantage of getting the experience you require to become a skilled trader before switching to real money online. The demo account is an easy way to deal with the complexity and understand how to fit your real life into the trading world. It will prepare you for all the complications that can arise later on. Generally, it will take 4 to 6 months for a person to understand the demo account before they actually go live and start trading with their real money. AAFX Trading investors are able to buy and sell shares of various companies through the stock market.
I signed up, passed through verification and topped up money within a very short period. Whenever you have spare time, then you can read info about partnerships programs, bonuses and so on. (6) The bonus amount will be deducted from the account if the client requests a withdrawal or initiates an internal transfer. This is a standard policy that we uphold to maintain the integrity of our bonus promotions.
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 prefer them over other companies because, despite of the good choice of assets and trading platforms, there’s an opportunity to trade with quite a big leverage. I’m aware of all risks using high leverage, but concept itself is attractive. Once you realize that your margin isn’t enough to make good profits, and u are ready to take these risks, u can use leverage. This segment participates in the forex trading marketplace via a broker (like XM), or via a bank.
It’s convenient and profitable, especially if you trade on a regular basis. Such a variety of promotions so it’s a great sound for newbies. They can increase their equity with different options and trade bigger volumes. (7) Please note that the bonus we offer is intended for trading and support margin purposes only, and cannot be withdrawn. In the event of a withdrawal or internal transfer, the bonus amount will be removed from the account, even if it is just $1. (4) At AAFX, we reserve the right to modify and/or cancel the terms and conditions of our bonus promotions at any time.