In general, everything is ok, the only thing I didn’t get the bonus. It was understandable, there is no bonus to come along with 100 dollars, anyway I would have to refuse from it to make a withdrawal. To be able to withdraw money from this broker, you must log in to your account, click on “Bank setup” and enter a bank account here.

  • However, this regulation is very weak, and we do not recommend trading with such a broker.
  • This means that the broker cannot use this money for other purposes.
  • There are acceptable terms of trade in the AAFX.
  • Of course, the U.S. doesn’t like it, which actively promotes the idea that offshore companies should be banned.

In addition, there is a team of trained managers. Offered spreads are as low as 0.6 pips, over 80 Technical Analysis objects, and many other features. When it comes to deciding what broker to choose, a trader has to look at the broker’s stability and reputation over the years.

I have never (!) expected money for more than a day. The withdrawal procedure is also quick and easy. For frequent withdraws some of the merchants like Neteller keep funds on hold for 7 days so this kind of withdrawal will process in 8 to 15 business days. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.

Trading currency pairs in the forex market with AAFX Trading takes up most of my daily time now. Nevertheless, I think it would be wrong to keep all my money with one broker, so the company I opened my account with. I like the conditions of the company much better than my first AAFX campaign. That’s why I will be transferring more money here. Order execution is better here, withdrawal is faster, spreads are smaller, leverage is bigger. A modern forex broker is a combination of reliability, support and range of services.

Select brokers to compare

I like the fact that it doesn’t charge too much money from the traders who work with it, they are free to keep the major part of the profits to themselves. Some of the traders can also trade with huge leverage, but they must be careful not to lose everything at once. THe only thing I don’t like is that there is no choice of trading platforms. But there is one more thing that many people miss. This is why offshore registration is considered a drawback. This is a country or territory with special business conditions for foreign companies, usually with lower taxes and fees.

Otherwise, you are highly likely to lose your budget and be left with nothing in the pockets. What I find really amazing about all these warnings about the danger of trading with regulated brokerages only is how shallow is the knowledge base of the authors of these topics. Normally, the argument is that offshors are bad, not really explaining why they are bad. They are bad for the economies of the countries who apply over 30-40% taxes to businesses run on their territories. Businesses just goes away and settles at Bahamas. For over 3 years now SEC has been unable to approve a single cryptocurrency ETF.

The majority of brokers will provide various kinds of market instruments for trading. A new trend that is picking up momentum is trading in cryptocurrencies. A margin means that it is the amount of money essential in your account in order to open a place. Margin is planned based on the current price of the base currency against USD, the size of the position, and the leverage applied to your trading account.

Is AAFX Trading Legit or a Scam?

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. A well-regulated broker, InstaForex offers trading on shares, indices, commodities, cryptocurrencies, and over 70 Forex pairs – a much larger range than is typically available at other brokers. We rate brokers more highly that process withdrawals within 24 hours by multiple withdrawal methods and without charging processing fees. We found that InstaForex charges a withdrawal fee and AAFX Trading does not.

I can trade with all tools that aafx provide because service, platform and conditions is comfortable for me. In the beginning I made a mistake and I opened a real account right away, even for a small amount. I did not focus on my education or on gaining theoretical and practical knowledge. There are basics of technical and fundamental analysis, information on trend reversal and continuation figures, basic indicators, a lesson on cryptocurrencies. It is also written on the website that the average spread of the company on the euro/dollar pair is 0.8 pips, but I have seen much smaller spreads here. I have never met a broker with such good conditions.

aafx reviews

The fact is that trading is a very tough business in which you have to spend a lot of time and effort to achieve something. And brokers with which I worked with before didn’t support its clients in this sense. Would love to find out where exactly did you find the negative reviews, cause my experience was strictly positive with AAFX. The funny thing is that I’ve chosen this brokerage exactly because the reviews were so good on their service. All these licenses, agreements and so on can be purchased or downloaded from somewhere.

Who are Forex Brokers?

Labeled Verified, they’re about genuine experiences. One praises it for having great leverage and being able to take advantage of bonuses at any time. 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.

aafx reviews

For a new clients aafx gives free 35% welcome trading deposit bonus with min 500$ deposit in a beginning.Good opportunity to start earning even from a start. No matter how much money do you have its all about your trading strategy. You don’t even need no more info its all in one.

The first one pays less taxes and can provide more flexible services, while the second receives better quality services and pay less commissions. I cannot agree with the fact that this broker has a bad reputation, all because I have a lot of friends who trade here – and everyone is happy with the cooperation. I’ve been working here myself for a long time and I rarely come across any technical issues, and I’ve never had any major complaints about the aafx over the years.

The second point I consider when I evaluate the broker – this is the platform performance. Generally, if everything is ok with these two metrics, this means that you can normally trade and the broker will withdraw your profit. The rest depends on you if you know how to trade- you will get the profit if no – then no profit. And the spreads, swaps and so on – these all are secondary things, the main rule here, that it shouldn’t be too tuff. Well, i choose aafx mostly because of big leverage size option. This broker has a huge amount of different trading instruments and including cryptocurrencies.

Fixed Account

I chose a broker by the number of assets and spread size. Both items in the AAFX Trading are good enough for me. There are more than 1,000 assets, including stocks, currencies, commodities, etc. I received all the money that I took out for these 5 years.

Using AAFX Trading for highly leveraged trading

We find that research and market analysis are always better when they are produced in-house and updated frequently. Third-party resources don’t show the same expertise in trading ideas, so we place a strong emphasis on frequent in-house updates. Some brokers also often offer interactive webinars where traders can learn from experts in the field. A variety of CFD instruments – and a large range of CFDs for each instrument category allow traders more opportunities for profitable trading. The best brokers will have thousands of CFDs to trade, covering all these instrument categories. We found that InstaForex offers a greater range and depth of instruments to trade than AAFX Trading.

ECN Zero Account

Fixed spreads never change and it makes my night trading less stressful. Additionally, there are many negative reviews on the company’s services and guilty verdicts on scams. AAFX Trading customers faced typical fraud issues. AAFX Trading clients faced specific fraud problems when they withdrew their profits. The company offered a myriad of excuses that the request could not be fulfilled. In addition, some issues involved manipulation of trades, faking the details of the request and more.

A forex account that is held by the trader is normally given by the broker with the sole purpose of trading different currencies and market instruments. Usually, the number and type of accounts that a trader can open with a broker company differ according to the broker or country in which they operate. It’s probably too early for me to draw conclusions, but on a demo account I liked the Metatrader 5 trading platform. I realized that this is a very functional software with many features and I think it will be easier to trade with it.