Is AAFX A Safe Broker?
AAFX Trading provides its customers the MetaTrader 4 trading platform. In addition to the PC desktop version, MetaTrader 4 is also available on request for MAC, MetaTrader Web, and MetaTrader Mobile. MetaTrader 4 is the most used trading platform in the forex industry.
However, in order to open this account type, traders need 20,000 USD minimum initial deposits. For me, AAFX became the first forex company, where you can trade the shares of stock markets. To be precise, make a long term investment without receiving negative spreads daily.
- I want to tell you about how deposits and withdrawals are made at this broker.
- One more thing that I like of them is wiide range of trading instruments available.
- AAFX Trading takes users privacy seriously and is compliant with the EU General Data Protection Regulation.
- Technically, nothing prevents you to do this, but if you manage to closed it profitably for less than sixty seconds, the broker will take your profit.
The safety of client funds is a top priority at AAFXTrading. They ensure this through several measures such as segregating client funds from the company’s own funds preventing misuse under any circumstances. They also feature an automated risk management system on their platforms to prevent account balances from going negative during trading. Additionally, all account aafx broker review funding options feature SSL Security ensuring secure transmission of sensitive information. Despite their lack of wider geographical regulatory compliance, these security measures indicate a commitment to customer fund safety and transactional security. In addition, the Zulutrade copy trading platform is also available which is a pretty sweet thing to have.
I trade classical assets with this broker
The trading spreads on the account are a very big selling point as well. To welcome new traders, AAFX has launched a bonus program that gives out a 35% “welcome bonus” on top of the trader’s initial deposit (minimum USD/GBP/EUR 500). Take note, however, that there is a long list of complicated terms & conditions that govern the bonus payout, which makes it more or less worthless in our eyes. In addition to these two account types, AAFX also has a VIP account available for customers who deposit at least USD 20,000. You are a forex trader living in the US and you like to trade but you do not know where to begin and what is the best forex broker for the US clients.
AAFX fees compared to IG fees
As we will see later in this review, the MT4 is the number one trading platform across the globe. This broker does not have its trading platform, which is okay given that the MT4 serves all the purpose. AAFX Trading is regulated by the Financial Services Authority (FSA) of St. Vincent and the Grenadines.
AAFX Trading Customer Support
I was looking for a reliable broker with cost-effective trading accounts and AAFX Trading provided me exactly what I needed. They don’t charge any trading commissions, no swap fees as well, and the minimum deposit is only $100. There are various funding methods, which makes it even more accessible. Account types are not many, but they are crafted in a way that you can easily choose what your trading strategy demands.
Company Information
To attract new business from traders, Forex brokers normally lure them with eye-catching deposit bonuses. For new investors, this can be very handy, but one has to know what to determine is a decent bonus. 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. All accounts are commission-free, and there is relatively high leverage available on many instruments.
These guys are an absolute rip off….no questions asked. AAAFx International allows you to begin trading with as little as $300. You can deposit funds via Bank Wire, which is available worldwide. Depending on your funding option, your funds may reflect in your account instantly or take up to 1 business day.
Trading conditions and great platform were reason for opening real account with this broker. After a month on real account I didnt experience any differences between demo and real account, which is great. As a stock trader I was looking for reliable broker where I can trade major US companies with low costs. With this broker I have indeed tight spreads, which are between 0.2 and 0.5 pips on majority of stocks. There is also fixed cost of 0.075% per traded lot, but when summed with pips, it does not comes to too high overall costs. As mentioned earlier, social copy trading with AAFX Trading takes place through the MT4.
If you’re trading a large account, do NOT use Aafx. Well, aafx trading is good for me, I would love to have better educational materails. They fudning and withdrawals are very very fast and secure.
I feel good with this broker
ZTP is a web-based trading platform for forex and CFDs trading. It offers technical charts, indicators, and other tools to meet the trading requirements of traders. Another benefit of this platform is that it allows you to design robots so you can automate your trading strategies. The account is protected against connectivity issues, and it doesn’t require the use of vps platform to run EAs effectively.
Traders must fill a withdrawal request for their funds to be processed. AAFX Trading MT4 comes with a variety of functionalities among them over 50 technical indicators and charting tools. Also available are risk management tools, including the Stop Loss and Take Profit features.
It is always possible to sustain a loss of some or all of an initial investment. Precious metals are another dependable investment for traders. This consists of the trading in gold and other precious metals which are hard commodities. A lot riskier is your energy products because this is affected by political and environmental situations. The great supply and demand however of this make it a popular trading choice. Your other market instruments consist of Commodity markets which offer different asset opportunities for traders.
But the most important is that, unlike others, this broker is already familiar to me, and starting to work with a new company that is yet unverified is quite a risk. I don’t have a tiny bit of trust to brokers who offer fantastic tariffs, excessive bonus programs or promise to make you rich in a snap of fingers. AAFX is just an ordinary broker with a wide variety of tradable instruments including crypto and commodities apart from forex. Their support answers in a timely manner and in my experience every problem and question gets resolved within minutes. Work with the US customers, which is a big plus in my opinion. I appreciate company provides such platform as ActTrader.
This very fact means that there is a third-party organisation which controls the whole activity of the broker and its communcation with the clients. Surely, aafx had to go through different filters and meet multiple requirements to get such a regulation. That is why, it confide trust in me and I still didn’t have any problems with withdrawals.
