The demo account of this broker is available without confirmation of identity and deposit. Traders can open it by visiting AAFX Trading and registering for a demo account. The process includes providing personal data and specifying details such as the type of account, leverage, currency and the amount of virtual money that the trader wants to use. AAFX Trading provides users with tools to copy trades to experienced traders and copy them to their accounts.
Forex, binary options, cryptocurrency, and CFD trading on margin involve high risk and are not suitable for all investors and traders. Participating in financial markets involves high risk, which aafx trading can result in the loss of part or all of your investment. There are no guarantees or specific guidelines to prevent losses. This list is not exhaustive, and AAFX reserves the right to refuse service to anyone for any reason. Traders should check the broker’s terms and conditions or contact customer support to confirm their eligibility. Unfortunately, AAFX doesn’t offer copy trading services for beginner traders.
- When it comes to the crucial matter of compliance and regulation, AAFXTrading is authorized and regulated by the Financial Services Authority (FSA) in Saint Vincent and the Grenadines.
- These platforms are known for their ease of use, advanced charting tools, customizable indicators, and support for automated trading strategies using Expert Advisors (EAs).
- Also, for large and experienced traders with a minimum amount of $ 20,000, they can use the status of a VIP account.
- However, AAFX Trading has taken steps to improve its customer service, including increasing the number of customer support staff members and improving their response times.
- Customer support offices are located in Australia, Hong Kong, and St. Vincent and the Grenadines.
Yes, they look like old windows programs, but they can easily run on old computers as well. MetaTrader’s platforms can smoothly run on even low-budget devices and they are reliable and trusted. Keep in mind that MT4 was built for trading currencies and if you are planning to trade various asset classes, such as stock CFDs and others, it’s best to pick MT5. Customer support is available in 20 different languages and the broker was awarded as the best broker of Asia in 2013 at the Malaysian investor show. AAFX Trading is subject to regulatory authorities in Saint Vincent and the Grenadines. Registering at AAFX Trading is quick and easy, and traders must verify their identity through state identification verification and verify their address to trade with this broker.
Forextraders’ Broker of the Month
AAFX’s offering of platforms and tools may be limited, but its range of assets is fairly diverse, and the low spreads keep trading costs competitive. The biggest selling point that differentiates AAFX from other leverage brokers is the extremely high leverage offering. This will attract clients looking to magnify their funds for maximised trading positions. AAFX has a competitive offering for both fixed and variable spreads. AAFX offers three account models — a Fixed account, an ECN account and a VIP account. All are available with a base currency of either USD, EUR or GBP.
MH Markets
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Between 74-89% of retail investor accounts lose money when trading CFDs. The price that appears after the column labelled “Symbol” is the price at which you actually executed the AAFX Trading trade. When talking about financial transactions on AAFX Trading, “closing a position” refers to carrying out a trade that is the polar opposite of an AAFX Trading open position.
FAQs on AAFX
These products may not be suitable for everyone, and it is crucial that you fully comprehend the risks involved. Prior to making any decisions, carefully assess your financial situation and determine whether you can afford the potential risk of losing your money. I was looking for a broker that would be easy to enter and hvae an ECN account at the same time.Here I got the ECn execution for a fee of only $100.
For AAFX Trading, the minimum deposit is $100 and the broker offers several deposit methods, including credit/debit cards, Skrill, Neteller, FasaPay, Perfect Money, and local bank transfer. AAFX Trading supports trading in various currencies, including USD, EUR, GBP, AUD, CAD, CHF, JPY, SGD, and NZD. Clients can choose the currency they wish to deposit, withdraw, and trade in, subject to the broker’s terms and conditions. Finding the right broker is never an easy feat as there are so many brokers in the market these days. You need to be able to fully trust your broker before depositing your hard-earned cash into a trading account on their platform.
- This list is not exhaustive, and AAFX reserves the right to refuse service to anyone for any reason.
- The broker is headquartered in New Zealand which explains why it has flown under the radar for a few years but it is a great broker that is now building a global following.
- The Demo account can easily be opened from the broker’s home page and you’ll be able to see an “Open Demo Account” button in the top right corner.
- All are available with a base currency of either USD, EUR or GBP.
- There are no guarantees or specific guidelines to prevent losses.
- This broker is particularly useful for traders who prioritize fast withdrawals and instant execution, as these are among its top features.
Is AAFX a good choice for beginner traders?
With some restrictions, it is available to clients across the globe. The fact that AAFX is not currently regulated by any government body may be of concern to clients, especially given the high-risk nature of leveraged trading. Also, AAFX Trading provides a complete list of indicators for overlaying them on the chart. In general, this is more than enough that even a novice trader could effectively conduct trading operations and make a profit. It should be added that despite the basic indicators that are built into the MT4 platform, the MQL5 service has many indicators, additional indicators that traders created themselves.
AAFX Trading offers all its clients negative balance protection, ensuring that they cannot lose more than the balance in their trading accounts. The company also provides segregated accounts, where clients’ funds are kept separate from the company’s operating funds. AAFX Trading has implemented strict security measures to protect clients’ personal and financial information, keeping client funds in segregated accounts. The broker supports multiple payment methods such as bank transfer, credit/debit card, Skrill, Neteller, and other e-wallets, making deposits and withdrawals easy. This step also includes agreeing to the terms of AAFX Trading and enabling or disabling the mailing list.
AAFX offers multilingual customer support available 24/5 via live chat, phone, and email. The support team is generally responsive, and traders can expect timely assistance for any technical or account-related issues. However, AAFX Trading has taken steps to improve its customer service, including increasing the number of customer support staff members and improving their response times. They have also added a live chat option to their website for faster assistance. This shows that AAFX Trading is committed to providing excellent customer service to their clients, continuously working to improve in this area. AAFX Trading has been operating as a forex and CFD broker since 2014.
AAFXTrading offers a range of features and services that make it a versatile choice for traders of different backgrounds and experience levels. Geographically, AAFXTrading accepts clients from all countries, making it accessible to a global audience. This broker is particularly useful for traders who prioritize fast withdrawals and instant execution, as these are among its top features.
For novice traders, AAFXTrading offers educational tools to help develop their trading skills and knowledge. The availability of free demo accounts allows beginners to practice trading strategies without risking real money. Moreover, the broker’s mobile compatibility with both Android and iOS devices ensures that traders can access their accounts on the go.
