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 | |
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 | |
Acc Withdrawal Methods |
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 |
support@aafxtrading.com | |
24 Hours Support | |
Support During Weekends | |
Address | Level 4, 27 – 20 Shelley King Street Sydney NSW 2000, Australia. |