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.
To stay safe from online scams, start by checking out the people and companies you’re thinking of giving your money to. You can often find comments from other traders on the internet, telling you about their experiences. All clients here should keep their positions open for at least 60 seconds.
- AAFX Trading are held accountable for their actions and may face severe consequences if they violate any financial regulations.
- AAFX Trading offers clients Forex trading, CFD trading, Stocks and Indices trading, Cryptocurrency trading, and Commodities trading.
- AAFX Trading is regulated by the Financial Services Authority (FSA) of St. Vincent and the Grenadines.
- Moreover, this regulator requires brokers to insure deposits and ensure that depositors get paid first in the event of bankruptcy.
- Regulatory bodies protect traders through reimbursement schemes in case of AAFX Trading going into insolvency.
As it turned out the navigation on the website is so seamless that you quickly realize where to click to get necessary info. I signed up, passed through verification and topped up money within a very short period. Whenever you have spare time, then you can read info about partnerships programs, bonuses and so on. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews. Another user, Pler Fletch, says that AAFX Trading provides the highest leverage in the industry.
Trading Denominations on AAFX Trading
The company’s focus on superior service has been frequently recognized by the industry. AAFXTrading.com was the recipient of the Malaysian investor show winning the best broker of asia 2013. Well, swaps, roll-overs and overnight fees are basically the part of cost to your trading that you pay to your broker for holding your position into the next trading day. But it didn’t affect my trading and experience in any way. Hoping for better results as I am getting more familiar with new strategies…
AAFX Trading Payment Methods
AAFX Trading has established itself as a reliable and reputable forex broker in the industry. 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 have an excellent customer support team, which is available 24/5 to assist clients with any queries they may have.
If after reading this AAFX Trading review, AAFX Trading does not fulfill your needs check out these AAFX Trading Alternatives.
For example, the regulatory body of Hong Kong SFC listed this broker as unregulated and fraudulent. They stated that the company does not have an office in their region and is scamming people from Asia. AAFX Trading is a no-dealing-desk (STP+ECN) founded in 2014. This broker is registered in St Vincent and the Grenadines and operates internationally including in the US. Moreover, it has offices in Australia, Hong Kong, and Australia.
AAFX Trading has features available to make the experience easy and provide great convenience. Irrespective of your experience level you can start with a demo account to understand the platform and its features before you choose to invest your real money. No doubt the process will be a bit complicated, but it will be absolutely beneficial as you need not have to worry about putting in your real money for the investment. You can simply try out the features and learn about trading and other aspects of the platform before shifting to a real account.
This is way lower than what many other brokers ask for.Plus, the pip value for XAU/USD is $0.01, which helps me manage risk better and seize opportunities in the gold market. I find this affordability and low margin requirement at AAAFX very helpful for my gold trading. The agents there speak a lot of languages including English, Russian, French, Chinese, and more.
AAFX Trading Customer Protection
You just have to stay aware of the trading techniques and learn the basics so that you can invest in the right place and get maximum benefits from the same. It will take some time for you to learn all the essentials of the market before you will become a skilled professional. AAFX Trading is well-equipped to make the experience absolutely easy for the traders. We have got better news options that will be easy for you to keep an eye on the trends or the changes that can impact your investment goals. If I didn’t attend the website I would never be able to find otu that this broker offers welcome bonus.
This will be beneficial as you need not worry about your money going into losses, so the learning experience will be good. MetaTrader 4, commonly known as MT4, has been a well-known and widely used trading platform in the financial markets since its inception in 2005. MT4 on AAFX Trading offers traders comprehensive features and tools to enhance their trading performance. The AAFX Trading MT4 user-friendly interface and highly customizable trading environment allow traders to tailor the AAFX Trading platform to their needs. One of the standout features of MT4 is its charting functionality, which allows AAFX Trading traders to analyze price movements and make informed trading decisions. In such a complex landscape, finding a reliable and trustworthy broker like AAFX Trading requires thorough due diligence and careful consideration.
There are 4 main account types which have various benefits. For example, the Fixed account has spreads that are as low as 2 pips while with the ECN type the spreads start at 0.2 pips. Both accounts are commission-free and their final difference is in the variability of spreads. The brokerage aafx broker review service was founded in 2012 and is located in St. Vincent and the Grenadines, which is an offshore zone where many scam brokers place their headquarters. AAFX Trading has no regulations from globally recognized authorities, so it is difficult to judge it by this criterion.
The participants involved in the market can choose to exchange or speculate on the relative exchange rates of various currency pairs. They comprise Forex dealers, banks, commercial companies, investment management firms, Central banks, hedge funds, retail Forex dealers, and investors. Irrespective of your experience level, you can start with the investment journey and get the maximum benefit from the same when you are aware of certain basics. A major feature of the forex market is its global network of financial centers. This increases the liquidity available for the currency market and also adds to the appeal of the largest asset class available to investors.
AAFX Trading is a broker owned by AAFXTrading Company LTD, based in Saint Vincent and the Grenadines. This broker has a license by FSASVG, which a lot of people are mistaking for Japans’ FSA. They also claim to have an office in Malaysia under the name AA business solution SDN BHD, which exists as a fictive company in the Malaysian data register, with no valid address or phone number. Also, they stated on the website that they have an office in Hong Kong under the name AAFX Trading Capital, which SFC listed as unregulated. Since there are many options for trading at the moment, we decided to do a couple of reviews, to make sure that our readers are in a good place.
AAFX Trading allows trading CFDs and Spread bets, which do not involve owning underlying assets but speculating on price movements, using high risk leverage. To gain more information about the MT4 Platform, click here. Numerous clients have expressed their dissatisfaction and distrust of AAFX Trading.
So fear not, you won’t have a shortage of instruments for trading. A trader might want to open several trading accounts, enter the highly leveraged trade on one of the accounts, and hedge it on the other account with the same trade volume. This way hedging can serve trader a means to cover the trading risks at the cost of brokerage, which is something the broker is not really excited about. I can’t even catch why people can adhere to such articles.