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Independent rating of Forex broker AAFX Trading

0/10 (votes 100)

On-line since
2012
Country of origin
Saint Vincent and the Grenadines
Regulation
FSA
Payment options
bank wire, e-wallets, and credit cards
Minimum account size
$100
Minimum lot size
0.01 lot
Leverage
up to 1:2000
Spreads
fixed and floating

About company

AAFX Trading is a forex broker belonging to AAFX Trading Company Ltd which is incorporated in Saint Vincent and the Grenadines. Besides, the broker has representative offices in Hong Kong and Australia.

AAFX TRADING acts in full compliance with international legislation and incorporated standards. Its brokerage activities are regulated by the Financial Services Authority (FSA) which is recognized internationally as a severe supervisory agency. At the same time, lots of international companies prefer to provide financial services within the jurisdiction of Saint Vincent and the Grenadines which supports one of the mildest regulatory regimes in the world. The local financial authorities lay down a simplified registration procedure and execute weak supervision.

On its official website, AAFX Trading assures clients of the complete safety of their funds and offers the following guarantees:

  • the clients’ funds are stored in segregated accounts and cannot be used for any other purpose under any circumstances;
  • the company cooperates only with internationally reputable banks for clients depositing their funds;
  • AAFX Trading provides an automated risk management system through its state-of-the art platforms;
  • the clients’ funds are protected by a SSL Security method, which allows all sensitive information, such as credit cards, account details to be transmitted securely.

Such mixed information raises doubts about the broker’s reliability. So, the best solution would be to consider all reviews of the company available on the Internet before you trust the broker with your money.

Trading conditions

  • over 200 trading instruments, including currency pair, stocks, commodities, CFDs, precious metals, and cryptocurrencies
  • 2 types of trading accounts
  • micro lots
  • swap free (Islamic) accounts
  • demo account
  • MT4 and T5 trading platforms
  • expert advisors
  • no brokerage commission
  • protection from negative balance
  • online market analysis
  • online news feed
  • market updates up to 6 times a day
  • a variety of bonus programs
  • training courses free of charge

Trading platform

AAFX Trading invites its clients to trade online on convenient trading floors like MT4 and MT5 trading platforms.

Importantly, MetaTrader4 is the choice of 90% traders around the world. The trading platform owes such enormous popularity to a full set of features to trade Forex, comprehensive analysis of financial markets, an array of expert advisors, and a mobile version.

Key advantages of MT4

  • helpful expert advisors
  • 3 types of charts
  • reliability of VPS
  • round-the-clock support 24/5

When it comes to MT5, its developers retained all features of the previous version but complemented it with some new functions. MT5 platform is a trading floor which enables speculators to trade stocks and futures contracts. MT5 offers convenient tools for complex market analysis as well as special apps for algorithmic trading and duplicating trades.

Key advantages of MT5

  • a wide range of market orders for flexible forex trading
  • an unlimited number of charts
  • fundamental analysis by means of an online news feed and economic calendar
  • powerful algorithmic trading via integrated MQL5 environment
  • the function of duplicating trades of experienced traders automatically

Both trading platforms are available in the desktop and mobile versions as well as through a web browser.

Support service

Clients can reach out to managers via email, telephone, live chat, and callback form. Besides, AAFX Trading has profiles on social platforms like Twitter and Facebook. The broker’s website is supported in 30 languages.

Traders’ reviews

On the Internet, traders leave both positive and negative comments on AAFX Trading. In most cases, traders complain about troubles logging on to client area and withdrawing profits. On the plus side, a lot of clients praise the broker for abundant educational materials for beginners and prompt responses from customer support.

Advantages:

  • regulated broker
  • no brokerage commission charged
  • demo account available
  • instant order execution
  • competitive trading conditions
  • high leverage
  • tight spreads
  • expert advisors
  • cryptocurrencies among trading instruments
  • protection from negative balance
  • bonus programs
  • educational materials free of charge
  • a great choice of trading instruments
  • trading on MT4, the most popular trading platform
  • Islamic accounts available

Disadvantages:

  • offshore broker
  • PAMM accounts unavailable
  • no trading signals
  • problems with fund withdrawal

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