AAFX Trading Review 2024 A Scam or Legit Forex Broker ️

Offered spreads are as low as 0.6 pips, over 80 Technical Analysis objects, and many other features. The trade is going fine, and then there are no troubles with withdrawal — that’s already a lot, isn’t it? On the other hand, the spreads could be more favourable, plus the assets are still too few. If you prefer scalping in EUR/USD currency pair and that’s pretty much all you need, then AAFX is a good match. If you need a variety of assets or a PAMM-account, you’d better look for some other broker. The company is not perfect, I have had my fair share of issues with them but I have found that their customer support is polite and positive.

AAFX Trading Review

AAFXTrading has a user-friendly website design with a clean and simple layout, making it easy to navigate and find the information you need. The account opening process is straightforward and takes only a few minutes to complete. The platforms used by AAFXTrading, MetaTrader4 and MetaTrader5, are known to be efficient and easy to use, and the customer support team is available 24/5 to answer any queries.

AAFX Trading Platforms

As there are multiple regulatory agencies in Canada, and no particular requirement for forex brokers to set up in Canada, traders do not have a huge selection of forex brokers in Canada. So, why consider a forex broker in Canada when some other countries offer traders world renowned brokers that adhere to strict regulation? Forex Brokers in the U.K and U.S specifically are one of the most trusted across the globe due to their customer focused regulations.

AAFX Alternative Brokers

This selection of options is sufficient for mobile-based trading. I prefer using a mobile app when I don’t have access to the desktop platform but need to monitor the market and open positions. While the app is helpful in certain circumstances, it is not as efficient as the desktop platform, which remains the primary solution for traders who require fast and active trading capabilities. While the general look of the MetaTrader 5 platform may seem a bit outdated, I find the platform fairly intuitive and easy to learn.

Who are Forex Brokers?

AAFX Trading provides access to forex pairs, indices, commodities, stocks, and cryptocurrencies. The forex selection aligns with industry standards, featuring major forex pairs, crosses, and exotic currencies. The broker provides an extensive range of commodities and indices. The stock offering is limited to just 64 names, but it contains stocks from various markets, so traders will have sufficient opportunities for diversification. The cryptocurrency selection is limited to Bitcoin, which can be traded in pairs with the USD and EUR.

Why Choose AAFX for Currency Trading?

The company has a team of experienced professionals passionate about the financial markets, providing clients with excellent service and trading conditions. For example, for a beginner aafx trading I would recommend using Metatrader 4 or its light version for web trading. When the price stands in one place, speculative operations in the forex market are meaningless.

AAFX Trading Fees

On the other hand, it’s enough to trade with risk control. There will be no high profits without enormous leverage with such a small deposit. AAFX Trading is a well-established Forex broker offering trading services to clients around the globe. The firm maintains several office locations, including active offices in Hong Kong, Saint Vincent & the Grenadines, and Australia. AAFX offers an assortment of account types, including both fixed and ECN account types.

Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews. Is one of the world’s fastest growing Forex& CFD provider. This involves Canadian regulators highlighting all financial malpractices to keep investors updated. Impressively, the Government also welcomes and encourages citizens to put forward any recommendations or concerns they have to help the concerned authority take the necessary action. TD Ameritrade’s platform, thinkorswim, comes with both a desktop and a web-based version. Although the desktop platform is exceedingly customizable and powerful, with almost 350 technical indicators, it is also hard to navigate for beginners.

These videos cover a broad range of trading related topics, including MT4, trade strategies, cryptocurrencies, and more. These can be accessed by clicking on the ‘Education Center’ link from the main navigation banner. A video tutorial which teaches traders how to use the MetaTrader 4 platform correctly is also provided.

The broker excels in offering a substantial number of commodities and indices, but its cryptocurrency options are somewhat limited. AAFX Trading provides competitive spreads for Apple and Tesla at its Fixed Account. The spreads for Gold are medium, while spreads for other instruments I measured are high. Additionally, the broker also doesn’t charge any non-trading fees.

This means traders can utilize the protection offered by regulators in Canada, in addition to benefiting from the expertise that an international broker can bring to a trader. Many are not aware, Forex Brokers in Canada offer some compelling advantages of its own, for both institutional and retail investors. And that’s why I don’t see the company as a guarantee that I’m going to make money, and if that doesn’t happen, I’ve contacted a fraudster. Actually, a brokerage company for me is a tool that I can use to make a POTENTIAL profit. It seems to me that it is very important to use the right categories and work more on yourself. Regarding customer service, this broker is among the best.

Moreover, AAFX Trading offers excellent customer support services, which include an extensive knowledge base, live chat, email support, and phone support. AAFX Trading is an excellent choice for traders looking for a reliable, customer-oriented broker with a track record of excellence in the forex https://forexbroker-listing.com/ industry. AAFX Trading is committed to providing clients with the best possible trading experience, so they offer a wide range of trading instruments and platforms. They also have an excellent customer support team, which is available 24/5 to assist clients with any queries they may have.

I can’t say anything bad about the trading process with this company. My orders are executed as it should be without any attempts to cheat on the part of the broker. AAFX Trading MT4 comes with a variety of functionalities among them over 50 technical indicators and charting tools. Also available are risk management tools, including the Stop Loss and Take Profit features. This broker is also in partnership with third party trading tools providers such as TradingView to ensure that traders have everything they need to conduct technical and fundamental analysis effectively.

1. Each method has a minimum and maximum deposit amount, and most deposits are processed instantly.
2. Wherein it is quite ok on Meta Trader, but if the broker has its own platform, he can do whatever he wants.
3. ECN Account has almost the same features other than spreads with Fixed Account.
4. After a while, I build my first deposit and of course tried to help my friend to change his system.
5. You can start with a demo account to understand the features and the options available and then switch to a real account to start trading with your own money.

However, our personal recommendation would be one of between Forex.com, FxChoice and Pax due to better trading conditions. The AAFX Trading brokerage combines all the services in one offer. High and flexible leverage together with low fees and fast connection are the main strength from the trading point of view. You can get fixed spreads on Fixed Spreads account and variable spreads on ECN account. 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.

Note that your trading account will need to have 250% or more in free margin to be able to successfully request a withdrawal. Should you be struggling with making a request, you may want to check your margin level before reporting a problem. AAFX is currently offering approximately 100 underlying assets for clients to trade on. Their asset index initially included only Forex, CFDs and Futures, but has now been expanded to include stocks, commodities, indices, metals, and one cryptocurrency (Bitcoin). A comprehensive list of available assets can be found on the company website, as can the specific trading conditions which are linked to each. Simply click on the ‘Instruments’ tab to open a drop-down list of asset categories.