Additionally, both MT4 and MT5 platforms are available on desktop, web, and mobile versions, allowing traders to access the markets from anywhere. 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. MT4 comes with advanced technical analysis tools, including over 50 indicators, custom charting tools.
The value of an index increases on AAFX Trading whenever the prices of the individual shares that make up the index rise. If, on the other hand, prices go down, the value of the index will go down as well on AAFX Trading. A stop-loss order is an order that is placed with AAFX Trading to buy or sell a specific financial instrument once the price has reached a certain level on AAFX Trading.
Trading Denominations on AAFX Trading
For beginners, a demo account with the same capabilities of a real account is available, which allows beginners to get experience as close as possible to real trading. AAFX offers access to 1000+ instruments, including Forex pairs, commodities, stocks, indices, precious metals, and cryptocurrencies like Bitcoin. Additionally, AAFX Trading offers a variety of account types, each with its unique features and benefits, making it accessible to traders with different levels of expertise. AAFX Trading is committed to providing clients with the best possible trading experience, so they offer a wide range of trading instruments and platforms. They also aafx trading 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.
Experienced traders will appreciate the ECN or VIP account type offered by AAFXTrading. These accounts provide variable and raw spreads that may be more favorable for advanced trading strategies such as scalping and hedging. The inclusion of the popular MetaTrader4 (MT4) and MetaTrader5 (MT5) platforms further enhances the trading experience for all users. While AAFXTrading offers a wide range of tradable assets, including forex, metals, commodities, energy, crypto, stocks, and indices, it is worth noting that the broker has limited deposit methods available.
AAFX Trading compared with alternative brokers
As this AAFX broker review indicates, the company is regulated by the Financial Services Authority (FSA) of Saint Vincent and the Grenadines. The broker is known for its user-friendly trading platform, a diverse range of assets, and competitive trading conditions. Good customer service is super essential for growth and attracting new clients. 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. Customer support offices are located in Australia, Hong Kong, and St. Vincent and the Grenadines. The customer support agents are friendly and professional and overall, the customer support provided by this company is good.
Forex offers include more than 60 currency pairs, consisting of all major directions and several exotic ones. Also, this broker allows all forex trading strategies and offers an average execution speed of 0.15s. For example, scalping and hedging are allowed, and you can participate in automatic trading, as well as the broker has spread for transferring the position to the next day. AAFX is a dominant Forex broker offering over 1000 tradable instruments to clients in 150 countries.
Account Types
AAFX Trading was founded in 2014 and has its headquarters located in Saint Vincent and the Grenadines. The company has a team of experienced professionals passionate about the financial markets, providing clients with excellent service and trading conditions. 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 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.
Supported Countries
AAFX Trading accepts deposits through bank transfers, Visa, Mastercard, Neteller, FasaPay, Payza, Moneygram. As for the commodity markets, you can trade coffee, Orange juice, Soy, Sugar and many other tools. Trading conditions for CFDs are also favourable; AAFX Trading is working hard to make the market. In addition, AAFX Trading offers users for trading bitcoins that are quoted on the market in major paper currencies, such as US dollar, pound sterling, euro, and Japanese yen. AAFXTrading provides access to MetaTrader 4 and MetaTrader 5, the most widely used trading platforms in the Forex industry. These platforms are available on desktop, web, and mobile devices (iOS & Android), and support the full range of trading strategies.
- This means that beginners can refuse if they do not like the demo experience.
- They have also added a live chat option to their website for faster assistance.
- This measure serves to protect the broker’s funds because, due to leverage, the client manages a larger amount of funds than is deposited.
- Its leverage is among the highest available, making it suitable for clients interested in trading with the highest stakes.
Learn to Trade
In this review of AAFX, we’ll dive deep to find out everything worth knowing about this broker. We’ll discuss its trading fees, safety and security, policies, trading software, research capabilities, educational material and more. In addition, if you decide to open a live trading account with AAFX, you will find a useful step-by-step guide. When it comes to the crucial matter of compliance and regulation, AAFXTrading is authorized and regulated by the Financial Services Authority (FSA) in Saint Vincent and the Grenadines.
- AAFX Trading offers all its clients negative balance protection, ensuring that they cannot lose more than the balance in their trading accounts.
- AAFX Trading investors are able to buy and sell shares of various companies through the stock market.
- Their valuation is also connected to other markets such as currencies and commodities.
- The broker does not charge any fees for deposits or withdrawals, regardless of the payment method used.
AAFX Broker Restricted Countries
Although in comparison with other similar brokers, the spread is quite high, however, it is still below the average, which makes it quite attractive. AAFX Trading CFD offerings include stocks, stock indices, energy, precious metals, and commodity markets. Users can access 11 stock indices, including the S&P 500, UK 100, France 40, Italy 40, DAX 30 and many others.
The mobile app provides much of the functionality that can be found in its desktop counterpart, but there are some limitations. 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.
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.
The opening of a AAFX Trading brokerage account is a very straightforward process. You will be required to present a valid form of identification to AAFX Trading as well as a valid form of residence before your identity can be verified by AAFX Trading. You will also be required to provide a recent bank statement or utility bill to AAFX Trading in which your full name and address are presented in a legible manner. In the event that the stop-loss or take-profit price is currently too close to the current price, the message “Invalid S/L or T/P” will appear on the AAFX Trading trading screen. You have the option to toggle between Amount and Units whenever you open a trade on AAFX Trading. This allows you to enter the dollar value that you want to invest in a particular asset using AAFX Trading.
He was the recipient of a Malaysian investor who won the best broker in Asia in 2013. If we summarise all the information, we can say that this is a good broker, if you evaluate it by the convenience of registration, the cost of maintenance and the number of tools offered. Like many of its competitors, AAFX Trading offers MT4 and a WebTrader on its platform, as well as the ability to download applications on iOS and Android. Yes, this broker offers MetaTrader 4 and MetaTrader 5 to all its users.