AAFX Review 2021: Is AAFX Legit Broker Or Just Another Online Scam
It goes against our guidelines to offer incentives for reviews. We also ensure all reviews are published without moderation. Companies can ask for reviews via automatic invitations. Labeled Verified, they’re about genuine experiences. AAFX Trading is an offshore broker with many warnings against them. Based on that, we can say that the broker is not safe.
There are no hidden commissions in AAFX Trading. The spreads on the ECN account are relatively tight. But I want to note that the training in AAFX is quite simple. It doesn’t suit me, because it’s designed for beginners. I can add from myself that I have withdrawn money from AAFX more than once. But there was one time when there were delays because of the limits on my e-wallet.
Don’t worry, there won’t be any unpleasant surprises, it’s OK. Aafx registered in saint vincent/grenadines + malaysia incorporation. I have accumulated massive funds in my stock market account, which at the current price is several million.
Maybe this is due to the fact that they have such a huge client base and a lot of servers, so the load on the servers is within acceptable limits. I am more inclined to the variant that they have adjusted their work quality, so the trade is carried out accurately. By the time I saw those reviews I was prone to thinking more positively about the company because I saw more positive things rather than downsides. In particular, I liked their big leverage and no fees for all accounts. So, I firmly decided to sign up to try it all in practice. This is a more modern trading platform and there is more functionality for market analysis.
Brokers available in Ukraine
The company offers Foreign Exchange and CFD trading on multiple trading platforms, including the globally popular MetaTrader 4 platform. Forex market is open 5 days a week and traders can get their forex trading accounts and begin the trades. Moreover, there are many opportunities in the market and around 4 trillion dollars are traded each day. Furthermore, the basic rule is to buy a currency at a lower price and then sell it a higher price to gain profits sounds easy but it is not a piece of cake.
I think in the future I will try 0,4-0,5 lots on my favorite pairs, but I also realize that I need a depo of $2000 to feel secure, but I think it will come true soon. Yes, this broker does have an offshore regulation from FSA St Vincent and the Grenadines. However, this regulation is very weak, and we do not recommend trading with such a broker.
Of course, at first I traded on demo account and now I also trade on demo account to test some new strategies. Yeah, it’s easy enough… Funding can be done with numerous payment methods, including wire transfer, CC, Webmoney, e-wallets. I am of course happy with the fact that this company has become such a loyal solution for many investors and that you can take advantage of bonuses and other support from the company. After going through the video tutorials, my knowledge improved significantly, I supplemented my trading strategy, and I started trading in the plus.
Which brokers are true ECN?
- Forex.com– Best All-Round ECN Broker.
- FXTM– Best ECN Broker for Zero Commissions.
- Pepperstone Markets– Best ECN Broker Advanced Trading Platform.
- ThinkMarkets– Best ECN Broker For High Leverage.
- RoboForex – ECN Accounts With 0 Spreads.
A modern forex broker is a combination of reliability, support and range of services. Besides, there’s a large list of funding methods to choose from. The list of financial instruments has everything possible, starting from traditional currency pairs, energies and metals, and finishing with ETFs and cryptos. Margin requirements are moderate, leverages allow applying any trading method, although they are getting lower with large account balances above 20K.
AAFX Trading Review – 21 Key Point Quick Overview Revealed ( :
Of course, I can say, “Oh, yeah, that’s bad, they don’t pay taxes”. But to what country should AAFX pay taxes on our money? Maybe it should pay them to the US or German government? Offshore is not a bad thing, it’s just the same country as the ones called “reputable” in this article. Now the economy has become global and any business chooses the jurisdiction that will allow it to provide the best services.
The company offers Foreign Exchange and CFD trading on multiple trading platforms, including the globally popular Metatrader 4 platform. I like the amount of assets, I think everybody can find the favourite asset here. Besides that, company offer three trading platforms, such as Metatrader 4, Metatrader 5, and Webtrader. Deposit methods have many ways to be processed.
Can’t see your question? Ask to get answers from the AAFX Trading staff and other customers.
Discover a broker you can trust by reading our in-depth and honest reviews, created by industry experts. Since 2015, we’ve reviewed over 200 forex brokers. In my opinion, broker has a number of advantages, and it pleases with its minimum deposit of $ 100, not like some brokers allow to trade only if the account has not less than $ 2,000. Last week I opened an account with AAFX Trading broker. I thought for a long time but still made this decision. A friend of mine is trading here and is very impressed with some of the conditions.
What is the number 1 trading platform?
- Merrill Edge.
- Interactive Brokers IBKR Pro.
- J.P. Morgan Self-Directed Investing.
- Ally Invest.
- Zacks Trade.
A true ECN account instantly transmits your open or close order request to the LP. A 60 second minimum order time is typically a sign of a broker operating in market-maker mode and needing to hedge its net orders. I signed up with this brokerage service from an affiliate link he gave to me. Yeah, I did him a favor by letting him earn on me, but I was ready for this and I respect this person. Afterall, he recommended me a good broker he has been trading with for more than two years. I had a combined $21k on 2 accounts that were wiped out after I requested a $7550 withdrawal.
Does AAFX Trading or InstaForex have a better trust and regulation rating?
So I would like to see some courses for advanced traders here. It would be great if the training was done with a tutor. https://forexbroker-listing.com/ This would significantly improve the results of beginners. But overall, my review of the broker is positive.
Is AAFX a ECN broker?
AAFX is an ECN and STP broker. These technologies provide direct access to markets, thus ensuring quick order execution and tight spreads for the users. This company is not suitable for passive investors, as the broker does not offer MAM/PAMM accounts, copy trading services, etc.
AAFX broker is operating in all the countries with no restrictions. They do not have regulations for many regions, which is why there are many warnings against them. An offshore regulation does not allow them to operate on the soil of any country if they do not comply with the regulations of the country. Seems that this company does not pay much attention to it, however. If you get an offer from AAFX, we strongly advise you to decline it.
Now my results have exceeded all my best expectations, I am very glad that I am trading with AAFX broker. Once upon a time, back in the early days of my trading with AAFX Trading, I was trading with good profits using a grid of orders. I prefer trading with high leverages and this is the reason why I join the community of this broker. It offer good leverage actually which suit my goals in trading activity. Scalping, on the other hand, is great for those who have a high temperament and a disciplined approach. So once you manage the higher timeframes, you can start trading on the lower ones as well.
- With all the respect to the great Uncle, taxes are extremely high in the US.
- Well, I’m trading with this brokerage since 2016, so I think my experience is long enough to build an objective opinion.
- But, when I made a deposit, I received a 35% bonus.
But I can say for sure that everything should be checked in practice, because the feedback is written by both upset by the loss of clients, competitors, etc. After I earned about $300 more from the top, I made a withdrawal for the entire capital, and after 14 hours I got the entire amount on the card. For me, this was a confirmation of the fact that you can work here. Therefore, I would not even pay attention to such reviews.
Forex — the foreign exchange market is the biggest and the most liquid financial market in the world. It boasts a daily volume of more than $6.6 trillion. Trading in this market involves buying and selling world currencies, taking profit from the exchange rates difference. FX trading can yield high profits but is also a very risky endeavor. Based on this user feedback, it appears that AAFX Trading is not a trustworthy broker, and hence, extreme caution should be applied before investing through their brokerage platform. As for the reasons why I opened an ECN account here, that’s probably swap-free trading.
So you have to check everything in person and then write. There are not many good brokers to ignore them. AAFX Trading is a broker with a wide range of instruments to choose from and gives its clients a choice of different types of accounts.