Contents
I know other people, whose money has not been stolen. Even the withdrawal that I placed (and received an e-mail from them to proof) just disappeared from my dashboard. I had this balance with no open trades for three days. They just stole $50k of my money out of my account. I took a break from trading for a couple of months before I recently opened an account with AAFX. I think the reputation of this company has long been positive and justified by the feedback from many satisfied customers.
Leverage is the use of borrowed funds to increase one’s trading position beyond what would be available from their cash balance alone. Forex traders often use leverage to profit from relatively small price changes in currency pairs. Leverage, however, can amplify both profits as well as losses.
Is AAFXTrading a good and legitimate company?
So, the company doesn’t allow to hold a trade for less than sixty seconds. Even if you try to break this law and manage to earn something for less than a minute, your gain will be taken by the broker. I think the broker’s regulator made it do this. However, I think it’s no problem to adapt to this restriction and scalp profitably with this broker. 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. It is high risk investment and there are many factors involved.
- I set myself priorities and I want trading to be my main source of income in three months.
- One of the best features of Forex is that a trader can work from anywhere in the world.
- Leverage, however, can amplify both profits as well as losses.
- We are committed to the fair handling of reviews and posts regardless of such relations.
- Finding a reputable AAFX Trading review local or worldwide can be a difficult process, especially finding a complete list from a trustworthy reputable source.
Sounds simple, but trust me, so many online brokerages can’t cope with this simple task. Trust me, unreliable order execution can cost you much more than those pennies you can save by choosing a cheap but lousy brokerage. At that time, I did not even understand why regulation was needed. This broker was advised to me by my father, who is engaged in trading in a large company. I just looked at the demo account and I liked it.
Overall AAFX Ranking
The fact is that trading is a very tough business in which you have to spend a lot of time and effort to achieve something. And brokers with which I worked https://broker-review.org/ with before didn’t support its clients in this sense. FIXED – fixed spreads from 2 pips , which remain fixed, regardless of the amount used for the trade.
What’s more, these pairs move the same way on the market that makes it possible to trade them synchronically. I’m not sure if it’s the best broker ever, but the fact I have no reasons to complain speaks for itself. Basically I chose AAFX Trading only because I compared the spreads of several companies and found the trading conditions here to be the most profitable ones. If you prefer to trade on multiple accounts and platforms, I advise you to pay attention to other well-known brokers. Well, I can’t agree – it would help you to learn some basics, that’s true, but nothing more.
AAFX Trading Forex broker description
AAFX Trading is an online trading broker owned by AAFXTRADING COMPANY LTD and located at Suite 305, Griffith Corporate Centre, Beachmont, Box 1510 Kingstown, St. Vincent and the Grenadines. ※ The content of this website abides with local laws and regulations. Customer support is available 24/5 through Live Chat, Email, and Phone.
However, that is not about aafx because the spreads there are among the best on the market. If you trade with leverage , the combination with the low spreads will give you outstanding trading results. This broker has one interesting feature that allows it to stand out from other brokerage services.
Would love to find out where exactly did you find the negative reviews, cause my experience was strictly positive with AAFX. The funny thing is that I’ve chosen this brokerage exactly because the reviews were so good on their service. 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 . One of the best things about forex is that investors don’t need to have a lot of capital to get started. They can begin their trade with few couple of dollars and predict the direction of the currencies. Furthermore, traders can trade at their own term which means that they can trade at any time or from anywhere in the world.
I’ve been trading with this broker for four years now. The Forex Peace Army recommends against depositing money with AAFX Trading. Tried to contact the support via email but no response. This review came from the same location used by AAFXTrading’s representative to submit comments to reviews. This website is using a security service to protect itself from online attacks.
Now I realize that I can earn good money myself, only because there is training in Training Center in the form of video tutorials. I have learned a lot of useful things, learned to do technical and fundamental analysis. The knowledge I got really help me to trade on the stock exchange. Analysis, market research and trading views – these are the things needed for profitable trading. AAFX Trading has a bunch of similar tools in the MetaTrader5 platform. I think this is what a forex broker should do to support traders.
Are there any regulatory warnings against AAFX Trading?
But still I want to say that most of the negative reviews about AAFX that can be found on sites and forums are false! Trading accounts have never been blocked in this system due to the lack of regular activity. I also had a period when I was not able to trade, but over the years my accounts were saved, and I did not have to activate them. I’ve been trading on a demo account for a couple of weeks.
AAFX Overall Ranking is 2 out of 10 based on our testingand compared to 500 other brokers, see Our Ranking below compared to other popular and industry Leading Brokers. Due to the regulation and safety issues, we revealed during our research of AAFX, we do not rank positively AAFX, based on our Expert Opinion with over 10 Years of experience in Forex Trading. AAFX Trading is not a secure Forex broker since it does not hold a license from any worldwide serious Forex authority. Using a trustworthy service such as MyChargeBack is critical in this endeavour as a typical chargeback process can often be complex and drawn out without the right guidance. Be careful and verify your information through multiple sources. Constant vigilance should be applied at all times when sending money online.
Speaking of AAFX broker, I was not going to write a review, but after reading here some aafx trading reviews I decided to leave my comment. Last week I opened an account with AAFX Trading broker. I thought for a long time but still made this decision.
The cost includes both the spread and any commission charged. For a new clients aafx gives free 35% welcome trading deposit bonus with min 500$ deposit in a beginning.Good opportunity to start earning even from a start. No matter how much money do you have its all about your trading strategy. You don’t even need no more info its all in one.
I agree that everything here is not as sweet and positive as it seems at first glance. For example, I’m totally unhappy with the fact that there’s no copy and social trading here, so there’s definitely no way to get at least something in a passive format. The educational resources here are not too powerful, but it can be interesting for newcomers who don’t have enough experience yet. The seem to just pick certain people in order to break down the credibility of the people whose money they did steal.
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. Withdrawals can be done the same way the client deposited, and the minimum withdrawal is also 100 USD/EUR. Because of AAFX Trading’s illegal activities, some of the regulatory bodies issued warnings against this broker. For example, the regulatory body of Hong Kong SFC listed this broker as unregulated and fraudulent.
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. It’s really important both for beginners and for professional traders who work completely autonomously. 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.
You can always withdraw to a card or e-wallet without any commission. But a bank transfer without a commission is withdrawn only for the amount of $ 10,000 or more. Yeah, guys with several million can trade with large banks and they don’t need high leverage. But people like the author of this article forget that there are billions of people who don’t have “spare” $5-10 million to invest. And such people need another solution to climb up the ledder of success. No trick here, there really are no swaps or overnight commissions here.