Of course, the major concern is if you need help outside of these hours. In that case, you may find yourself frustrated while you’re waiting for support to open. All in all, you have a good range to choose from, which is why it’s such a popular option.
I’m imressed with trading conditions…
This can be particularly useful for traders who want to implement specific risk management strategies. AAFX Trading offers different lot sizes, allowing traders more flexibility and control over their trades. The minimum lot size for trading on AAFX is 0.01, also known as a micro lot, which is ideal for beginner traders who want to minimize their risks. AAFX Trading supports trading in various currencies, including USD, EUR, GBP, AUD, CAD, CHF, JPY, SGD, and NZD. Clients can choose the currency they wish to deposit, withdraw, and trade in, subject to the broker’s terms and conditions.
Aaafx Scam broker! Be carefull
While the Fixed account has fixed spreads starting from two pips, the ECN account provides variable spreads starting at 0.2 pips. Meanwhile, AAFX’s VIP account claims to offer clients with starting balances of $20,000 access to commission-free and swap-free trading. Now more and more brokers are setting a high minimum deposit. After all, before making a large deposit, I want to make sure that the company is worth dealing with. After all, there are some factors that you can’t feel on a demo account.
Account types available for traders on AAFX
This is a major advantage that many similar brokers don’t offer. AAFX offers 24/7 customer support through live chat, email, and phone. AAFX offers some educational resources, including eBooks and market research reports. However, compared to some other brokers, their educational resources might be limited. The quality of customer support can significantly impact your overall trading experience. While prompt response times are essential, the ability of the support team to address your concerns efficiently is equally important.
If you are trading during the volatility sessions, like American, then spread for EURUSD and GBPUSD won’t grow more than one pip. Moreover, the deals’ execution is good, and I never had any additional loss because the deal was opened with the delay or the price was already far from the initial number. Fixed spreads are ideal for aafx trading beginners because it means you know exactly what you’re going to be paying. This is also a good option for more risk-averse traders with more experience. However, if you’re someone who doesn’t mind a little adrenaline in their trading, variable spreads are for you. Ultimately, the best trading platforms help you to have a smoother, more successful experience.
If you’re a beginner, start with one instrument that calls out to you the most. Additionally, AAFX Trading is known for its swap-free accounts. That means you can hold your positions without worrying about any overnight fees that might take some of your profits.
- Traders have access to trading 62 FX pairs, 13 commodities, 11 indices, 2 cryptocurrencies, and 64 shares as CFDs.
- To make it clear, AAFX Trading is regulated by the FSA (Financial Services Authority) in Saint Vincent and the Grenadines.
- AAFX Trading offers a platform and tools to navigate this landscape, but it’s crucial to approach any investment venture with caution and thorough research.
- This shows that AAFX Trading is committed to providing excellent customer service to their clients, continuously working to improve in this area.
- Of course, this is unlikely to be the case for every single person.
Is AAFX a regulated broker?
They also state that its trading platforms are easy to use and offer many features. As mentioned, AAFX Trading do not charge commissions on their accounts. Their Fixed Account has fixed spreads, and the other two offer variable spreads. I dont realy know about other brokers services, because when I first open my account here I just do my job done.I have everything I need to learn things I don’t know or forgot. I got tools for technical analyse like charts, indicators, depth of market, visual tools. Also, I watch and read a lot of analyst, reviews, opinions and webinars of professional traders to understand vector of my future trading line.
The MT5 is an amazing trading platform and I absolutely think all traders should use it. I am really excited that AAFX made this platform available to clients. Trading financial products carries a high risk to your capital, particularly when engaging in leveraged transactions such as CFDs. It is important to note that between 74-89% of retail investors lose money when trading CFDs. These products may not be suitable for everyone, and it is crucial that you fully comprehend the risks involved.
A video tutorial which teaches traders how to use the MetaTrader 4 platform correctly is also provided. As for tools, there is noting above and beyond those which are built into the platform. AAFX Trading offers the well-known and always popular MetaTrader 4 platform.
They also feature an automated risk management system on their platforms to prevent account balances from going negative during trading. Additionally, all account 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. Good customer service is super essential for growth and attracting new clients. AAFX understands this well and provides 24/5 customer support. The support is available in over 20 different languages, and the team of customer support agents is accessible via email, live chat, or over the phone.
For ECN account users, spreads start from 0.6 pips and average markups on EUR/USD are around 0.8 pips. In order to better understand the fee policies of AAFX, let’s compare it to other brokers. For the comparison, we picked the ECN account which offers spreads from 0.6 pips. Margin trading is available, automated trading is allowed, and access to MetaTrader (MT4) and MetaTrader (MT5) is offered which is similar to other account types. However, in order to open this account type, traders need 20,000 USD minimum initial deposits. The ‘Fixed’ account type is commission and swap-free, offering fixed spreads.
IC Markets offer a range of tradable instruments, favourable conditions for all levels of traders, and several trading platforms. This is also a great broker for beginners, thanks to its range of educational resources. Taking everything into account, AAFX Trading offers a cost-effective trading experience.
These can be helpful for new traders looking to extend their capital. AAFX Trading provides 24/5 multilingual customer support via live chat, phone, and email. They aim to resolve client issues quickly and efficiently, which is essential for traders who may need help during volatile market hours. However, spreads can vary depending on the account type and market conditions. ECN and VIP accounts provide tighter spreads, which are ideal for active or higher-volume traders. Meanwhile, swap-free accounts are available for those who want to trade without overnight interest charges.
- From there, you can slowly build your knowledge and experience over time.
- AAFX Trading frequently provides deposit bonuses, such as a 35% welcome bonus for new users.
- While MetaTrader 4 & 5 are certainly very easy to use, you’ll still need to learn the financial trading basics first.
- Margin call will trigger at 50%, while stop loss will be triggered at 20%.
- They also have great customer support, available around the clock.
The biggest selling point that differentiates AAFX from other leverage brokers is the extremely high leverage offering. This will attract clients looking to magnify their funds for maximised trading positions. Each of the accepted deposit methods can be used to make a withdrawal. Withdrawal requests are reviewed and paid out within three business days.
So based on my experience I can not either approve nor argue this. But if support told you, I don’t see a reason not to trust them. The resources are adequate for beginners but lack the depth and sophistication required by intermediate or advanced traders. Regular webinars, in-depth market research, and interactive learning tools would enhance the offering. TopBrokers.com will not accept any liability for loss or damage as a result of reliance on the information on this site. Forex pairs, cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money.