AAFXTrading.com is a MetaTrader broker that claims to be one of the world’s fastest-growing Forex and CFD trading service providers. It takes pride in offering great customer support along with financial products and services available in 20 different languages.
Know more about this broker’s offering and distinct trading features by reading the entirety of this broker review.
AAFX Background and Safety
AAFXTrading Company LTD was established in Saint Vincent and the Grenadines dating back in 2004, but it started offering online brokerage services in 2012. After its solid operation turnouts, it expanded its offices in Hong Kong and Malaysia. AAFX is specializing in providing financial instruments in the likes of currencies, commodities, Contracts For Difference, and stocks.
Although the brokerage business is registered, AAFX is not regulated by any globally-known financial regulatory body. But on the broker’s official site, it is stipulated there that the company’s fund is segregated from the clients’ to ensure the safety of funds of their traders.
Official recognition from any major financial regulatory body will give AAFX a big boost to its campaign of attracting more traders and becoming a leading online trading service provider.
AAFX Features and Fees
Financial Instruments
AAFX Trading offers the following trading instruments to its clients:
- Forex (62 currency pairs)
- Precious Metals (Gold and Silver)
- Energies (USOIL, UKOIL, NGAS)
- Equity Indices (11 entries)
- Trade Commodities (13 instruments)
- Trade Stocks (64 instruments)
- Cryptocurrency (2 crypto pairs)
All in all, AAFX has 157 trading instruments to offer to its clients for a wider market invasion.
Account Types
Choosing your trading account with AAFX will be heavily factored in on your level of experience and risk tolerance as a trader. AAFX Trading offers the Fixed Account, the ECN Account, and the VIP account. Let’s get to know each account’s features and trading conditions.
Fixed Account – For a minimum deposit worth $100, you can open this account with a leverage of up to 1:2000 and 2 pips spread for all major currencies. As the account’s name suggests, the spread condition for this account is fixed and no commission fee is charged. The account is also swap-free.
ECN Account – this account type has almost the same trading conditions with that of the fixed account save for the spread condition which is at Variable Plus and 0.6 pips spread across all major pairs. It also has no limit for maximum order and requires $100 as an initial deposit.
VIP Account – this is a luxurious account type as clients need to fund at least $20,000 minimum deposit with spread on all major pairs set at 0.4 pips. Spreads are raw for this account while leverage goes as high as 1:2000. It’s also a no commission, swap-free account.
Funding Methods
Deposit and withdrawal requests can be processed via the following options: Visa, MasterCard, Bitcoin, Skrill, Neteller, Fasapay, Webmoney, and Sticpay.
For clients to withdraw from their funds, they need to secure at least a 250% free margin. A third-party deposit is also not allowed by the broker.
Unfortunately, withdrawal processes with this broker may take longer than usual, especially if the transaction is within the client’s bank.
On the brighter side, deposits and withdrawals made through credit cards or electronic wallets do not have transaction fees.
Promotions
AAFX grants a 35% welcome bonus to new clients after their initial deposit. Traders just need to deposit at least $500 to be deemed eligible for the welcome bonus.
A redeposit bonus is given to loyal clients for reloading their trading accounts. They get up to 30% of their redeposit amount.
AAFX Trading Platforms and Tools
AAFX Trading is offering the globally popular MetaTrader platforms in MT4 and MT5.
MetaTrader 4
Key Features: Trade Forex, Futures, and CFDs and over a hundred more trading instruments, with Expert Advisor (EA) or automated trading, one-click trading, 50 indicator tools and other charting tools, available versions in PC, and WebTrader.
Mobile Trading: allows traders to use the same login details used in PC or Mac device, has 3 chart types, features up to 30 indicator tools, trading history, market news and Push Notifications. AAFX’s MT4 mobile trading is available on iOS and Android devices.
MetaTrader 5
Key Features: features more than 1000 trading instruments, with Expert Advisor functionality and one-click trading, has more than 80 technical indicators to use, real-time price quotes, allows hedging, and supports all order types.
Mobile Trading: has the full MT5 account functionality with that of a PC version, has built-in Market News and Push Notifications, features 3 chart types, and has up to 30 indicator tools with trading history. This can be used for both iOS and Android devices.
If there is something to note about the brokers’ set of trading tools and arsenal, AAFX’s research facility and other tools need to be upgraded to be at par with the leading brokers.
Bottom Line
AAFX Trading’s distinct and advantageous trading features and services include the wide selection of trading instruments and the redeposit bonus.
Other than that, AAFX offers the standard trading conditions and features from other brokerages out in the markets. A certification from a major regulatory body is also a good addition to the broker.