It is also very important for me that the broker offers 100% balance protection. I don’t know, I can’t make up my mind yet whether AAFX conditions suit me or not. In general I understand that if you remove fixed spreads and bonuses they can be called quite a traditional format that can be considered in the long term. Maybe I’m overthinking it, but that’s what I’d like in these circumstances. The ‘VIP’ account requires a minimum deposit of $20,000 and is also commission and swap-free. With this account, clients will be allowed to trade on 100% raw spreads.
- This article will give an analysis of the spreads and leverage offered by AAFX with an objective overview, which is vital before you decide where to invest your money.
- AAFX Broker also provides a user-friendly trading environment with powerful tools and platforms to support trading activities.
- Before we look at the deposit methods accepted by this broker, it is worth noting that your money is safe with them.
- 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..
- The broker has enough merits to choose it as a permanent place to trade, I think.
- AAFX have done a huge scam with their clients and hold their profits.
Having support available at all time ensure that I can get prompt answers to my questions whenever I need them. Too bad, that the full list of shares is available only with $20000 deposit. I’ve been trading seriously and investing in stock markets for a while. That`s why it is not an issue for me, but it can push away some newcomers.
AAFX Trading Broker Review
Withdrawal requests are reviewed and paid out within three business days. There are no withdrawal fees on any payment method except bank aafx reviews wire, which cost $50 each if they are in amounts less than $2,000. When withdrawing more than $2,000 via bank wire, the fee is waived.
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. Moreover, the broker’s mobile compatibility with both Android and iOS devices ensures that traders can access their accounts on the go. Experienced traders will appreciate the ECN or VIP account type offered by AAFXTrading.
That’s first point, so AAFX is mb better than other brokerages in this regard. As for me, that’s much more important sign in my opinion. Of course, I can’t say that article’s author isn’t right, from technical side he (or she) is 100% right, but in practice that’s not so important and that’s what I’m talking about.
AAFX Alternative Brokers
I recommend a broker to reduce the barrier, and then it would be just perfect. I’m trading with this broker only because of the swap-free accounts. I like to open long term deals and it is not profitable with swaps.
Big leverage can of course be jeopardy, meaning that it can potentially bring substantial losses, but I hope you are wise traders and know how to deal with leverages. AAFX Trading offers the renowned MT4, a trading platform that is popular with both beginner and experienced traders, and a variety of third party trading tools. At least 95% of all brokers offer this platform given its advanced features and ease of use.
I got on board with AAAFx after much…
The more interesting thing to have here is the high leverage option. It gives me the opportunity to research for more diverse trading strategies based on high leverage. 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.
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.
What is the best time of the day to trade with aafx trading?
They also have an excellent customer support team, which is available 24/5 to assist clients with any queries they may have. 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. For ECN account users, spreads start from 0.6 pips and average around 0.8 pips on EUR/USD.
The broker offers a wide range of funding methods, so the clients can choose one that is more suitable for them or available in their location. Deposit methods include Credit/Debit Cards, and a range of e-wallets such as Skrill, Neteller, WebMoney, Fasapay, STICPAY, MoneyGram, etc. For a while, I couldn’t find a good broker after a not very pleasant situation with the previous one.The first time I heard about aafx when a friend of mine told me about it. One night he decided to play “big” and as you understand nothing good came out of it.
The mobile versions are available on the Google Play Store and App Store for free. With the MT4, you need not worry about memory or speed of your device since the apps are lightweight and do not require much space or computing resources. After a while, I build my first deposit and of course tried to help my friend to change his system. Unfortunately, he was not interested in education and selfdevelopment. He thought he can earn big money and then chling on a private island. They respond quickly and reasonably to answer my queries or support needs.
It has its headquarters in Saint Vincent and the Grenadines and is being regulated by SVG FSA. AAFX states that they will process withdrawals requests within three business days. There are brokers that offer much faster processing, but three days is not horrible. As for wait time, that will always depend on the chosen payment method, regardless of which Forex broker you choose. You can always expect cryptocurrency payments to be fastest, with card payments second fastest and bank wire transfers coming in last. The financial institution or payment processor will also play a role in this, as each will have their own specific turnaround time for payments processing.