AAFXTrading Review

Country : Australia

Max. Leverage : 1:500

Demo account :

Foundation : 2015

Min. Deposit : 100 USD

US Clients :

AAFX Trading accounts are provided with two accounts, fixed and electronic. Like its name implies, the Fixed account comes with fixed spreads. The spreads for the ECN accounts are flexible and extremely tight. Contrary to most brokers that offer commission-free spreads, this one doesn't cost ECN account holders commissions.

Broker Regulation Summary
Regulation Name Of Regulation Country What is
ASIC Australian Securities & Investments Commission Australia The Australian Securities and Investments Commission is an independent commission of the Australian Government tasked as the national corporate regulator
Max. Leverage 1:500
Min. Deposit 100 USD

AAFXTrading Advandage and Disadvandage

Advandage
  • Competitive spreads
  • Commission-free trading
  • High leverage levels offered
  • Bonuses available
Disadvandage
  • Light regulation
  • No PAMM accounts, no signals trading
  • No choice of trading platforms

Trading Accounts & Conditions

Customers of AAFX Trading have two kinds of accounts: fixed and electronic. The name of the account suggests that the Fixed account has fixed spreads. While spreads on the ECN accounts are flexible and not as tight. In contrast to other brokers they do offer ECN account holders with commissions. Both account types provide micro-tradeable lots as well as leverage of up to 1:1000, which can be extremely high. We recommend traders exercise cautiously when using leverage ratios as they are more risky.

Additionally, swap-free (Islamic) accounts are also offered by this broker.

It appears that this broker has an attractive trading environment. The AAFX Trading’s fixed spreads are average , ranging from 2 pips on EUR/USD however, the ECN ones are extremely affordable, starting at 0.5 pip on EUR/USD and there is no commission.

The Company. Security of Funds

AAFX Trading was offers trading with a range of currency pairs as well as various CFDs using the well-known MetaTrader 4 platform. The brand is operated and managed through AAFX Trading Company Ltd. The company is operating under the supervision of St Vincent and the Grenadines (SVG). AAFX Trading Company also has representative offices situated in Australia as well as Hong Kong.

Based on SVG, International Business Companies (IBC) provide financial services in an local banking regulatory system that is among the most open ones. The registration process is simple and affordable, and the companies are subject to very little oversight or oversight.

If you intend to invest a significant amount of money, we’d suggest you select brokers that are licensed in Australia or the EU or Australia or another region that has financial watchdogs are vigilant and your money is secured.

Trading Platform

This brokerage is compatible with the well-known MetaTrader 4 (MT4), which comes in both mobile and desktop versions.

MT4 is the software that is preferred by the majority of traders due to it is an advanced but easy to use trading platform. It provides a variety of technical indicators, an extensive back-testing capabilities, a sophisticated charting program and more, Expert Advisors (EAs). Through downloading ready-made EAs or creating their own EAs traders are able to completely automatize their trading.

The broker was a supporter of its Vertex trading system, however it has now abandoned it.


Promotions

AAFX Trading offers a Refer-a-Friend bonus of 5% from 10% based on the amount of the deposit of the person who is referred, and receives 30 percent.

The company also gives an additional 30% welcome tradable bonus for customers who deposit at least 500 EUR/USD.

Methods of Payment

AAFX Trading offers a large range of payment methods to suit the needs of our customers such as banks wire transfer, credit/debit card and electronic wallets Neteller, Skrill, paynow, PerfectMoney and FasaPay.

In most cases, withdrawals are completed within 3 business days however, banks can take longer.

Conclusion

AAFX Trading is a MT4 broker that offers trading in wide range of instruments.According to us, the main problem with this broker is the fact that it is registered offshore. In a simple terms, the advantages and drawbacks for AAFX Trading:

AAFXTrading Summary
AAFXTrading Details Information
Regulators ASIC
Country Australia
Base Currencies USD
Type Of Brokers ECN, STP
Trading Platform Desktop, Mobile, MT4
Established Year 2015
Website Language English
US Clients
AAFXTrading Spreads
Option Information
Minimum Spreads 0.0
Commission
Fixed Spreads
AAFXTrading Payment & Withdrawal Option
Option Information
Acc Funding Methods Skrill, Wire transfer, Visa Card, Master Card
Acc Withdrawal Methods Skrill, Wire transfer, Visa Card, Master Card
AAFXTrading Suitable For
Option Information
Publicly Traded
Beginners
Day Trading
Weekly Trading
Professionals
Swing Trading
AAFXTrading Trading Account Options
Option Information
Maximum Leverage 1:500
Mini Account
VIP Accounts
Segregated Accounts
Free Demo Accounts
Managed Accounts
Pro Account
Minimum Deposit 100 USD
Islamic Account
AAFXTrading Trading Services
Option Information
Hedging
News Trading
Scalping
Automated Trading
Indices
Commodities
Forex instruments
CFDs
ETFs
Stocks
Bonds
Cryptocurrencey
Trading Signals
Educational Service
Copy Tradings
AAFXTrading Contact & Support
Option Information
Telephone No +61280035080
Email support@aafxtrading.com
24 Hours Support
Support During Weekends
Address Level 4, 27 – 20 Shelley King Street Sydney NSW 2000, Australia.

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