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I found a broker with better conditions and higher leverage. This broker turned out to be AAFX Trading broker. In three months I started earning good money, and in eight months I fully repaid my debt. The broker was responsible for 50% of my success. The second unique feature is their commission-free ECN account.
The company offers Foreign Exchange and CFD trading on multiple trading platforms, including the globally popular MetaTrader 4 platform. I moved to AAFX Trading on purpose, at that time I was already trading with another broker successfully, but I decided to try a new broker hoping that it would be better. Nice broker and it does not even require a big deposit.
Absolutely avoid this broker at all…
If a broker has a score less than 80, like this one, we won’t recommend it to you. So that we don’t waste your time, we don’t update these reviews either. We know you don’t want to read a long review of an untrustworthy broker. Instead, you can use the tool below to find a high-scoring broker that accepts clients from your country. One drawback is that the educational materials are poorly presented and lack depth, making it a poor choice for beginner traders. However, InstaForex’s market analysis materials are detailed and frequently updated to help traders make better trading decisions.
More experienced traders also benefit from webinars led by experts in the field and advanced trading strategy sections with new trading ideas. Each year we spend thousands of hours testing brokers by opening accounts, testing their platforms, and rating them according to a set of over 200 metrics. We deposit real money with the brokers to ensure that the products and user experience they advertise are consistent with reality. I know personally a lot of people who are now vacationing by the ocean with their profits from trading with AAFX Trading.
To learn more about how we test and recommend brokers, read our methodology. In this case, AAFX Trading offers support for MT4 and MT5 and InstaForex offers support for MT4 and MT5. AAFX Trading is not a safe Forex broker because it doesn’t hold the license of any necessary Forex authority. Therefore, the broker is suspected of being a fraudulent business because it was not verified for its legal compliance before the company was established. It was never scrutinized regarding its security and can conduct business however it wants.
The Trustpilot Experience
It’s really easy to criticize because we can always be dissatisfied with something or want something more. I can say that if you take the basic functions that a broker should perform, aafx can handle it. There is a normal common trading terminal, there is a clear withdrawal system, there are tools for analysis and popular assets. In addition, there is a team of trained managers.
Market depth and a large number of indicators really help in analysis and trading. As of now I have decided to focus on currencies only. You pay a little more up front than you would with regular spreads – but you are protected from spread widening right away. This is a plus if you are working with a large number of orders at the same time. I chose a broker by the number of assets and spread size.
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. In order to withdraw a certain amount of the bonus, you need to trade a certain volume. As you know, there is a leverage here that helps to trade large volumes so that it is not difficult to fulfill the requirements. I invested $ 2,000 in the fall of gold in six months, without limiting profitability and risk of 10%.
AAFX Deposit & Withdrawal
They are famou by their leverage size so bevare with your risk management. Of course, at first I traded on demo account and now I also trade on demo account to test some new strategies. After going through the video tutorials, my knowledge improved significantly, I supplemented my trading strategy, and I started trading in the plus. Now my results have exceeded all my best expectations, I am very glad that I am trading with AAFX broker. 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.
Would-be traders must do what is possible into the inquiry around theoretical trading before beginning to do it. AFX Trading provides its clients with the well-known and popular award-winning MT4 as a trading platform. Although the contract for differences trading is a method of offshoot trading that allows traders to gamble on the rising or falling prices of fast-moving global financial markets. This type of trading of shares does incur commission.
- But if it registers in the U.S., it will have to take twice as much money to compensate for the taxes.
- Forex pairs, cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money.
- However, InstaForex’s market analysis materials are detailed and frequently updated to help traders make better trading decisions.
- All funding methods have SSL security and the company is licensed and regulated by the FSA.
The minimum deposit amount is only $100, you can start trading on a real account starting from such a small amount. I also agree that tight fixed spreads are really good. Many people don’t realize how advantageous fixed spreads can be. Variable spreads can be very cunning – they tend to widen unexpectedly taking your stops. Fixed spreads will never do this and with fixed spreads it’s much easier to calculate your trade in advance. For me, my broker is key importance in trading, because it is my partner, that can provide me with the opportunity to trade and manage my money.
There is also a live chat facility available through the website’s home page for the convenience of the customer. AAFX Trading and InstaForex both have moderate educational support. Neither AAFX Trading nor InstaForex offer educational support for more experienced traders. Trust and regulation are some of the most important factors to consider when choosing a Forex broker.
AAFX Trading Fees
Constant vigilance should be applied at all times when sending money online. AAFX Trading is an online trading broker owned by AAFXTRADING COMPANY LTD and located at Suite https://broker-review.org/ 305, Griffith Corporate Centre, Beachmont, Box 1510 Kingstown, St. Vincent and the Grenadines. ※ The content of this website abides with local laws and regulations.
AAFX Trading Reviews and Opinions. True or False?
As long as you have a good internet connection and you are a registered AAFX user, you can withdraw funds from your trading account. Withdrawal requests are processed within three business days. There are slight differences as Retail currency traders use these brokers to gain access to the 24-hour currency market for theory purposes. Forex brokers can also provide services to not just individual traders, but also provide for institutional clients and large businesses, for example, investment banks. I was just google it about my forex broker “aafxtrading” And the second website on google takes me to here.
So I can’t understand where the negative comments for this broker comes from, as me and my friends never faced such troubles. You either let customers have what they want or go for regulations and licenses. This is basically the choice brokers have got nowadays. In this light AAFX is just another broker who has chosen to follow the demand, not the rules of politicians.
As much as I have talked to traders, such problems as freezes or connection failures with the server are very common among different brokers. 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.
So, for now I’ve been trading with aafx for about 5-6 months and I cannot say anything negative about my experience with it. Everything works pretty consistently, the trading platform is stable and never crashes, trading conditions are also satisfactory. I like the structure of trading conditions depending on the account type.
Taxes in the U.S. are actually about 45% on financial services. But if it registers in the U.S., it will have to take twice as much money to compensate for the taxes. Add to this the fact that each trader will have to pay 40% of what he or she has earned in the form of taxes or deal with bureaucracy, proving that he or she will pay taxes in another country.
AAFX Trading is ready to introduce MT5.
Offered spreads are as low as 0.6 pips, over 80 Technical Analysis objects, and many other features. I tested my favorite cross pairs with CHF on a real account, enjoyed execution. I should also note that I didn’t have any problems with withdrawing earnings too.
You must understand that Forex trading, while potentially profitable, can make you lose your money. Never trade with the money that you cannot afford to lose! Trading with leverage can wipe your account even faster. CFDs are leveraged products and as such loses may be more than the initial invested capital. Trading in CFDs carry a high level of risk thus may not be appropriate for all investors.
However, it’s important to note that trading always carries a risk and no strategy or tool can guarantee success. AAFX Trading does offer its clients an educational video library that is available in both English and Arabic. The videos cover a wide range of trading-related subjects, including MT4, trade strategies, crypto-currencies, and more. New clients of AAFX Trading should try and gain as much information as possible about what type of trading expertise will be needed to be effective in the world of forex and commodity trading.
All accounts are commission-free, and there is relatively high leverage available on many instruments. AAFX Trading is a forex broker company that has headquarters in Australia and Hong Kong. Finding a reputable AAFX Trading review local or worldwide can be a difficult process, especially finding a complete list from a trustworthy reputable source. Below is an in-depth review of AAFX Trading to help you make an informed decision before opening your account or trading on their platform. U can also use many different payment systems and the trading conditions are much more favorable.
