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Forex Trading

AAFX Trading Review ️ Pros and Cons Revealed

Previously, companies that had only been around for a month had not bothered me. I used to not worry about companies that have only been around for a month. I opened accounts at any suspicious sites, where I could work with ten dollars, as I was assured by phone and as a result I lost more money than I could earn. I opened an account with AAFX Trading after recommendation of my acquaintance. AAFX Trading has all the licenses and the broker proved itself in the best way. Only here I understood not only what it means to make money, but also how you can easily withdraw it to the bank card.

I trade with the best broker today, in my opinion, AAFX Trading broker. Without real trade practise its just a words, so you may not being afraid of lose all your money, cause of full balance protection from broker. If you don’t know how to use it please check education platform on aafx before. This is not the first time I have come across reviews where their analytics are not very praised. I think I will open one more account with this broker a bit later. Trade here on MetaTrader 4 and from time to time use expert advisors that help me to determine best entry points and make less mistakes in analysis.

StartFX Review

It has been a week since I deposited USD$500 via Skrill to my AAAFX account. ForexPeaceArmy.com has advertising and affiliate relationships with some of the companies mentioned aafx trading review on this site and may be compensated if readers follow links and sign up. We are committed to the fair handling of reviews and posts regardless of such relations.

  • When the exchange rate is high then the trader will close the trade and make a profit.
  • And the aafx handled it perfectly, I know a lot of people who have been trading here for a long time and do not want to change their broker.
  • Good management is when there are no questions or issues.
  • The only available way for US customers to either withdraw or deposit is through bitcoin.
  • Anyway, companies-shifters are left behind in the past 20 years ago.

AAFX Trading is an investment company specializing in stocks, commodities, CFDs, and currency trading through its incorporated and registered office in St. Vincent and the Grenadines . AAAFx is an excellent trading platform with a friendly interface and diverse instruments. The tight spreads and swift execution allowed me to capitalize on market opportunities quickly.

AAFX support claims there are no swap fees at all. I’m kinds lost now, cause you say there are some swap fees, but they are low. I’d appreciate if you could check once again and let me know if AAFX website lies about zero swap or not. I received all the money that I took out for these 5 years. I have never (!) expected money for more than a day.

U can also use many different payment systems and the trading conditions are much more favorable. As 4 slipage when the market is at its peak all trades in the queue freeze. The only available way for US customers to either withdraw or deposit is through bitcoin. I was able to deposit $20k over a week period in $5k increments.

AAFX Trading Review

Forex broker will be the financial service company that is responsible for providing the traders’ access to the platform for selling and buying foreign currencies. A Forex broker, in simple words, is a foreign exchange that helps with the transaction in the forex market. It is always between a pair or two different currencies. The broker is also known as a retailed forex broker who has an idea about the market exchange policy. As soon as I invest money or am interested in some company and not only in trading, I immediately come across negative reviews.

If you think about this, I can make a suggestion – by guided about your own feelings of a broker, as all this regulations are more for regulators itself, not for traders. It’s usually between 1,2-1,5, but can sometimes reach 3-4 pips. Fixed account has fixed spreads, so you always pay the same spread. FIXED – fixed spreads from 2 pips , which remain fixed, regardless of the amount used for the trade.

When it comes to the commission for deposits and withdrawals, the broker remains untransparent. The broker has many financial warnings against it. Well, looks like many clients had issues with withdrawing funds. That is always a problem when trading with an offshore broker. AAFX Trading regulation is coming from FSASVG, which is an issue when you are trying to withdraw your money. AAFX Trading is a no-dealing-desk (STP+ECN) founded in 2014.

aafx review

The bonus is just a reward for the trader’s choice that gives some of these expenses back to the trader, once proving himself as an active trader. 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 it comes to deciding what broker to choose, a trader has to look at the broker’s stability and reputation over the years. Awards gained by a brokerage by esteemed organizations do provide much more confidence in the world of forex. All accounts are commission-free, and there is relatively high leverage available on many instruments.

I should say that I chose this broker solely to work with classical financial instruments, such as currency pairs, energies, metals, indices, etc. I’m reluctant to deal with crypto because digital coins are extremely unpredictable. They are unregulated that makes them very dependent on news. Once I tried trading that stuff and didn’t like it.

AAFX Trading Fees

It is important to note that the bonuses are not available all time, and hence you must time when AAFX has such offers. You can easily set up a demo account with AAFX by downloading the MT4 and adding the broker through the manage accounts button. The whole setup process should not take you more than five minutes.

THe only thing I don’t like is that there is no choice of trading platforms. Quality education is very important for novice traders, while experienced traders need tools for conducting technical and fundamental analyses. 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. In addition, there is daily technical analysis available, however, the research tools are limited with this broker. Overall, the education and research options are fairly average. Any user’s experience with AAFXTrading will begin with their initial signup, and doing so is simple, requiring users to only address some basic form fields.

aafx review

I like this brokerage service, and I will continue trading with it. The most important thing is that the trading conditions allow you to get it right. The main advantage of using high leverage is that it allows you to earn much more money than you would earn without using leverage. However, https://forexbroker-listing.com/ it’s also a very high risk to lose all your accumulations, because leveraging always implies high risks. High leverage and low spreads may lead to the decent trading results. As for the restriction, I told above, the broker doesn’t let hold a trade for less than 60 seconds.

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. Wherein it is quite ok on Meta Trader, but if the broker has its own platform, he can do whatever he wants. Good, that AAFX acts honestly in that term and completes its broker’s job with high quality. Add to this flexible choice of trading platforms that are different from each other.

Getting started on AAFX – Main steps

Hm… I reckon, if the company wouldn’t be competitive, then it would be eliminated by other market participants right away. The main is to pay attention to the time when you trade, as it also matters. ECN account offers spreads as low as 0.6 pips and it seems to be quite appealing. Other brokers propose accs where spreads start from 1 pips or higher.

Trade with a Regulated Broker

For beginner traders setting up a micro forex account will be absolutely worth it. It will require low capital and generally takes about $100 to set up an account. With this, you can start with the investment journey and try out your hands using the demo account. No doubt, it can be a bit complex for beginners, but choosing a broker with an easy-to-use trading platform will be extremely important.

Author

Cleo Montano

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