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AAFX Trading review

AAFX Trading


On-line since: 2012
Country of origin: Saint Vincent and the Grenadines
Regulation: FSA
Payment options: bank wire transfer, bank cards, electronic payment systems
Minimum account size: $100
Minimum lot size: 0.01 lot
Leverage: up to 1:2000
Spreads: fixed and floating

About the company:

AAFX Trading provides services of trading currency pairs and various types of CFDs on the tried and true MetaTrader 4 platform.

About the company. Security of funds

We have found no information about the history of the company on its website. According to other websites, the company was founded in 2004 and it has been working online since 2012.

AAFX Trading Company Ltd. owns and supervises the AAFX Trading brand. This company operates under the jurisdiction of Saint Vincent and the Grenadines. Besides, the broker has introducing offices in Australia and Hong Kong. AAFX TRADING COMPANY LIMITED is regulated by the FSA.

The international business companies that are registered in Saint Vincent and the Grenadines provide financial services in accordance with the local laws that are considered to be one of the most liberal and loyal. The registration procedure is as simple as possible. The country’s regulative authority has a rather mild approach and exercises minimal supervision.

So, you’d better think twice before investing money in this broker’s account. The companies registered in the EU or Australia, for example, are obliged to comply with stricter rules. Therefore, they can ensure higher security of your funds.

Trading conditions

AAFX Trading offers 2 account types: the one allowing fixed spreads and ECN. This broker does not charge commissions on the ECN accounts unlike many other brokers.

Trading micro lots is available on both account types.

Additionally, the broker provides the so-called Islamic accounts with no swaps.

Minimum deposit

The minimum deposit at AAFX Trading is $100.

Spreads and commissions

AAFX Trading offers competitive trading conditions. Thus, the fixed spread on EUR/USD is just 2 pips. At the same time, on the ECN accounts spreads start from 0.5 pip which is a really small amount. What is more, no commissions are charged.

Leverage

The maximum available leverage is 1:2,000. It is a rather high value. On the one hand, traders can earn fast, but on the other hand, they can lose equally fast. So, traders should be cautious when using leverage.

Trading platforms

AAFX Trading provides the well-known MetaTrader 4 platform. Both the desktop and mobile versions of this software are available.

Millions of traders all over the world prefer using the MT4. This platform supports popular indicators for technical analysis. Moreover, it enables users to create their own expert advisors or apply built-in robots. Previously, the broker also offered its clients the Vertex trading platform but then stopped using it.

Bonuses/Promotional Campaigns

AAFX Trading provides a welcome bonus of 35% to those who deposit at least 500 euros or dollars. Besides, there is an opportunity to receive a bonus in advance. For more information, potential clients should contact the company’s support managers.

Special services

AAFX Trading provides Islamic accounts. The broker states that its swap-free accounts differ from the similar offers of other brokers, as AAFX Trading does not charge any additional fees for trading on such accounts and does not increase spreads.

Customer Support Service

Clients of AAFX Trading can contact the support service by phone, via a live chat, or they can request a call back. Besides, the broker has profiles on Twitter, Facebook, and LinkedIn.

The broker’s website is available in 30 languages. However, it seems that translation of the website is done via a web extension of a search engine.

Payment methods

Clients of AAFX Trading can make a deposit to trading accounts in several ways: through a bank wire transfer, bank cards, or by electronic payment systems such as Neteller, Skrill, Paynow, PerfectMoney, and Fasapay.

Withdrawal of funds is processed within 3 working days while bank wire transfers can take a bit longer.

Clients’ feedback

There are various comments about the broker on the Web. Interestingly, the number of appraisals and rebukes is nearly equal. In most cases, clients get disturbed by unavailability of a client area or delays in withdrawal of funds.

In our opinion, the biggest drawback of this broker is its offshore registration. Here are the pros and cons of AAFX Trading:

Pros:

  • competitive spreads;
  • Islamic accounts;
  • bonus campaigns.

Cons:

  • an offshore broker;
  • no PAMM accounts;
  • no trade signals;
  • poor choice of trading platforms.

AAFX Trading 1/10 (votes 2240)
Author of AAFX Trading: Kholasa | Date 2022-05-12
AAFX Trading not a honest broker about the behavior. Very low leverage and spreads are very high. This is impossible to make profit with a mini account - even when you win, you loose - hidden fees and charges more than take any profit. A lot of wrong information was provided by their representative while opening the account.
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Author of AAFX Trading: Fens | Date 2022-04-12
AAA Fx has really been good to me, although they are not perfect but at least I have been making my money and withdrawal through Wire Transfer have been easy and fast for me. I started trading with AAA Fx 8 months ago, and I have been making my profits consistently on their platform. I traded mostly EUR/USD and GBP/USD currency pair, since this few months of trading I have been able to win as much as 40 trades out of 43 trades. I am presently thinking of participating in one of their contests maybe I might be lucky to win.
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Author of AAFX Trading: Alexandros | Date 2021-04-07
The Modern trading platform has always given me panic in the market, As it always executes delay and my position goes 10 to 30 pips slippage and their high spread really is the big issue for my profitable strategy. Also, their payment service is full of harassment, they cancelled my many withdrawal requests without any notification. In this situation, I have decided to stop trading with AAFX Trading. Really AAFX Trading given me a horrible experience.
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Author of AAFX Trading: Yoel | Date 2021-03-24
My first experience with this company is very positive. I got a $150 bonus as a newcomer and then managed to make it up to $300. The platform is clear and easy to use and I can see profit is generating nicely. In fact, my first deposit with AAFx is $1000 and I Have a target to earn $3000 within 3–5 months. They are very constant, good account managing. But low spread on EUR/USD, USD/JPY currency pair is too good for me. The commissions the company charges are low too, so it doesn’t affect to my balance too much.
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Author of AAFX Trading: Lixa | Date 2021-01-28
I have been looking for a potential Forex broker and I am glad that I finally found the one for me. I started an account at AAFx a couple of months ago and so far, I can say that my trading activities are doing really well. I am having a pleasant experience because of their impressive trading services.
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Author of AAFX Trading: Erny216 | Date 2019-09-27
AAFX is a good broker. I'd even say, an excellent one. Precise execution and fast withdrawal is basically normal, there's no point in praising the broker for what is primarily its job. However, what AAFX can really surprise you is favourable spreads. They are stated as floating, which means that the broker warns you from the very beginning: guys, beware, the spreads can widen at any time. However, in reality they almost don't change - regardless of the session, be it an American or Asian one. So basically, the spreads only widen on important news events. But then you just need to watch out and simply keep from trading in such time, that's all.
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Author of AAFX Trading: Flowstree | Date 2019-09-22
It takes me a lot of time to get used to new things. In trading I also tend to stick to preferrable instruments, brokers and software. However the need to change the broker became so obvious a few months ago that I couldn’t ignore these signs any more and switched to AAFX brokerage services. To make the long story short my old one manipulated the market data. Colleagues recommended me trying aafx which I did. They offer trading with MT4 platform, which is my #1 requirement (see above about getting used to new software). Spreads and commissions are highly compatible with those of other brokers. Withdrawal normally takes them under one day to complete, but normally much less than that. I did one this week and the money arrived within an hour since I confirmed the request.
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Author of AAFX Trading: Hau Hy | Date 2019-09-20
I think forex brokers are pretty much same. Same spreads, same platforms used, same instruments… So the only thing I really care about is the reliability of the broker. AAFX has been on the market since 2014 if I remember correct. 5 years is enough to prove your are a stable, reliable company. To my surprise, not so many brokers can provide proofs that they’ve really been registered that long ago. I mean some do say they work since the creation of world, but can provide no decent proof they really are. So basically this is my simple reason I stick with AAFX and use their fixed spread account to trade currencies.
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Author of AAFX Trading: Korneth | Date 2019-09-19
I find combining FOREX and CFD trading to be very advantageous. You have to get used to the breaks in trading sessions for CFDs, but these instruments do have their advantages. So I chose AAFX mostly because of their list of supported instruments. The big plus is MT4 platform, which I’m very used to and won’t exchange it to any other tool, including MT5 btw. I own an ECA account, which means the spread policy is as if there were no spreads at all, especially when you trade on higher timeframes, which I do. No swaps and overnight commissions - simply love it. So I definitely recommend colleagues to pay attention to this broker.
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Author of AAFX Trading: Timerth | Date 2019-08-29
The AAFX broker is quite fine on its own. However, its major perk is the bonus that you receive for the first deposit. After a while, you'll be able to withdraw your profits and make a new deposit that will also be matched by a bonus, of course a smaller one but anyway. Well, let's face it - the numerous bonuses are the main thing that favorably distinguishes AAFX from the range of other brokers. That way, you get either tighter spreads or a refund - that's kinda a win-win. Basically, the AAFX spreads are not so wide. For the accounts with a market-based variable spread, the average spread in EUR/USD is about 0.6 pips. That's not much, and as far as I've noticed, they don't display any strong tendency for widening. I didn't calculate how tighter the spreads might get due to the bonus, but I do know for sure that this is one of the best offers on the market. This alone is worth choosing AAFX as a main broker, especially given that this company has never let me down in any way ;)
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