AAFX Trading Review 2022 A Scam or Legit Forex Broker ️

For a beginner it’s difficult here, there’s no social trading, no copying, no normal benchmarks. AAFX Trading provides research tools such as annual calendars with current economic events and news reports on their website. Current global market trends can also be analyzed on the MT4 trading platform which gives inbuilt research tools.

aafx review

It took me here first because of the bonuses – welcome bonus with 35% and then redeposit with 25%. For those who really want and are ready to trade, the platform gives all the conditions. Fast software, high-quality trading terminal.

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I saw the review of the new platform – I liked it very much. I’m trading with aafx long enough to draw my own conclusions and I can say that brokerage is good overall. As everyowhere there’s some problems, but they’re insignificant compared to advantages. I can say that our brokerage company, where I don’t have to think about what will happen to my money and whether I am safe. It certainly helps and allows me to concentrate better on trading and market research. I like to work here for several reasons – MT4, low variable spreads, demo, some reviews or analytics are often published….

aafx review

I love that AAFx Trading has a choice of account type. I have met brokers who only have fixed spreads. I also like the minimum deposit of $ 100 and the large selection of withdrawal methods. I knew how to trade before, that’s why I didn’t have any training requirements to AAFX Trading. I wanted to test my knowledge in trading, because I had the theoretical base but not the practical one. At first I asked AAFX Trading to open me a demo account, but then I changed my mind.

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AAFX is registered in Saint Vincent and the Grenadines. And therefore U can trade cryptocurrencies here. I’ve been trading with AAFX Trading for two years now. I traded by myself the first year and unfortunately, I haven’t reached desired success in that field, all the time I was trading near zero profit.

The good news is that there is help available. If a broker is not licensed by the regulatory authority in your jurisdiction, that likely means that they are unregulated and should be avoided. Even if the brokerage is regulated, it is best to avoid it if the regulator happens to be outside your jurisdiction. The first step to protecting yourself from fraudulent parties online is to do thorough due diligence on the companies and entities that you are planning to send the funds to. In all probability, there have been other users who have already used the same service, and have expressed their opinions and feedback online on various forums.

aafx review

But when the spreads are zero, I don’t trust such company, because probably it makes money by wiping out its traders. And here I see that the brokers are earning on commissions, they are not big, that is why beneficial for all, and here exists mutual rely on. Finding a perfect brokerage is like finding perfect running shoes.

Are the bonus itself withdrawable, or only money that can be earned with this bonus?

There are not many traders who want to buy, so the broker simply cannot find a counterparty for your transaction at the level where you have placed a stop loss. Requote occurs if a trader tries to open or close a trade, but it does not happen. This is due to the fact that the price has had time to change during the time the order for the trade went to the broker. This is such https://forexbroker-listing.com/ a dynamic platform and a fast pacing environment. If you want to stay in touch with what is happening in the financial markets and be ready to make moves on it whenever it is necessary, all their platforms are ready to go. They give you a great set of trading conditions, so it is mostly up to you and how skilled you are to make something good happen for you in the markets.

This broker has a huge amount of different trading instruments and including cryptocurrencies. Also, according to my trading plan i do a lot of analyzes and researches of all kinds of markets and instruments. I like the structure of trading conditions depending on the account type. Fixed spreads allow disregard volatile periods in intraday high-frequency trading, while variable spreads suggest no additional commissions. But stable fixed spreads of just 2 pips is what I need. Because this corresponds to the orientation of the company even for small capitals for traders.

Which FX broker is best?

  • CMC Markets – Excellent overall, best platform technology.
  • TD Ameritrade – Best desktop platform, U.S. only.
  • FOREX.com – Excellent all-round offering.
  • City Index – Excellent all-round offering.
  • XTB – Great research and education.
  • eToro – Best for copy and crypto trading.

The distance was 22 pips, taking into account the spread of 2 pips – this is the distance between the buy limit and sell stop, sell limit buy stop respectively. I came to this broker to trade indices and metals. In my opinion, they are much easier to trade than currency pairs. What’s more, they are more liquid and therefore more profitable.

Trading Conditions

When evaluating trading costs, we always consider the minimum deposit required to open an account and the ongoing trading costs, including the spreads and commissions. When calculating trading costs, we measure the cost to trade one lot of EUR/USD using the broker’s account with the lowest minimum deposit. The cost includes both the spread and any commission charged. Exactly, I don’t know why so many people believe that SEC is something good? Yes, the US is superpower with developed economy.

Is NordFX genuine?

NordFX is a well-established broker since 2008. NordFX has headquarters in Cyprus, India and Thailand. They are generally well-suited for NordFX to provide their Forex/CFD trading services to global clients. This broker has also been regulated by VFSC 15008.

I enjoy trading with AAFX and hope they will never make a mistake to obtain the US license. To me, not everything in this article matches how it all really is. Yeah, the brokerage has a little problem with the registration, and it’s registered off-shore. But a lot of brokers don’t have any registration at all, and they work quite well.

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. This broker came in handy because by that time I was looking for a brokerage service with fixed spreads. I wanted to experiment with such spreads and I can say that my expectation was met.

I can trade with all tools that aafx provide because service, platform and conditions is comfortable for me. Actually, my switching to aafx was quite an unpredictable move of myself. The thing is that I used to trade with another broker which turned out to be a pretty suspicious organisation. I just came across with wome talks or gossips on the internet telling that the broker is on the vege of collapsing. Surely, I didn’t want to waste time without trading and started asking my friends for a piece of advice and they told me that aafx is a decent broker which can be worked with.

  • I give this company a solid 5 for its work!
  • In general, the broker is good for those who trade intraday and over longer horizons.
  • You can’t revise a lot of tools during the day.
  • Maybe this is due to the fact that they have such a huge client base and a lot of servers, so the load on the servers is within acceptable limits.
  • I also like the function which protects my budget from losing more than I can afford.

You can conduct profitable trades at the right time, even if you don’t have the necessary funds. I have been trading with this broker for a long time and am very happy with the trading conditions. Yes, AAFX provides quite a lot of education materials. The broker provides free access to various training videos and e-books and stuff.

I don’t understand.

Despite the fact that I prefer to trade with a PC, sometimes when I go on vacation it helped me a lot that I could use the terminal from the phone. AAFX Trading is a good Forex broker overall. Execution is good, spreads are fixed, trading platforms are easy and smooth to use. One thing I don’t like with AAFX though is the withdrawal time. I have been working with AAFX for several years, I have never had any technical or legal problems. I myself recommend this company to everyone who asks about making money on the Internet, and not only me, the reviews of other traders only confirm my words.

Is FX tax free?

Whilst you don't have to pay Stamp Duty on CFDs, you will be liable to pay Capital Gains Tax when you buy and sell them.

This is a broker that provides some of the best trading conditions today. The excellent work of mt4 and mt5 trading platforms, fast speed of order execution, high leverage and low spreads allow me to earn 1.5 times more than other brokers. In addition, the technical support department, which is always ready to answer any questions very competently, is one of the best brokers for me today. In my opinion, aafx is a nice broker to deal with. 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.

Precious metals are another dependable investment for traders. This consists of the trading in gold and other precious metals which are hard commodities. A lot riskier is your energy products because this is affected by political and environmental situations.

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