AAFXTRADING Review

Review sections

• Investor Protection & Regulations
• Tradable Products
• Account Opening
• Deposit & Withdrawals options
• Web & Desktop Trading Platforms
• Mobile Trading Platforms
• Trading Features
• Commissions & Spreads
• Bonus & Promotions
• Customer Support
• Research
• Trader Education
• Trading Experience
• FAQ
• Conclusion

AAFX Trading Video Review

Investor Protection & Regulations

AAFX Trading is not regulated by a globally-recognised financial regulator but does claim to keep client funds in segregated accounts. However, the broker has had a history with different financial regulators.

AAFX is registered as an International Business Company in the St. Vincent and the Grenadines and is incorporated in Malaysia and Hong Kong. The broker is not regulated by a globally-recognised financial regulator.

AAFX is a leading online trading broker specializing in stocks, commodities, CFDs and currencies. AAFXTrading.com is incorporated with major financial entities worldwide, providing traders from all over the world with a secure and transparent trading experience. AAFX Trading is dedicated to protecting your privacy and safeguards your personal and financial information with maximum care. We employ leading security software and systems and have strict procedures in place to protect your information.

AAFXTrading.com is registered in the following areas:

Saint Vincent and the Grenadines :

AAFXTRADING COMPANY LTD is Incorporated in Saint Vincent and the Grenadines with registration number 22916 IBC. The Company’s legal and correspondence address C/o Suite 305, Griffith Corporate Centre, Beachmont, Box 1510 Kingstown, St. Vincent and the Grenadines.

Malaysia Incorporation :

AAFXTrading.com is incorporated in Malaysia and registered under the company of AA business solutions SDN BHD.

However, the broker does claim to protect client funds by keeping them separate from the broker’s own funds, as well as to hold funds with “reputable European banks” – which are not listed – as shown on broker’s website:

According to AAFX website , they take extreme measures to ensure that their clients’ funds are always 100% secure as detailed below:

• Segregation of client funds All client funding is kept in separate accounts from the Company’s own funds. This ensures that client’s funds cannot be used for any other purpose under any circumstance.
• Funds deposited in international global banks AAFX Trading uses only reputable banks for clients depositing their funds, all within a range of European banks with a reputable and credible reputation.
• Risk Management AAFX Trading provides an automated risk management system through its state-of-the art platforms to ensure that its clients account balances will never go negative.
• A wide range of account funding methods all have SSL Security, which allows all sensitive information, such as credit cards, account details to be transmitted securely.
• Regulation and Licence AAFX TRADING COMPANY LIMITED is a brand of AA BUSINESS SOLUTIONS SDN BHD which is authorized and regulated by FSA.

*Please note – AAFX Trading is not regulated by the Hong Kong Securities and Futures Commission (SFC).

Tradable Products

AAFX Trading offers clients the ability to trade on more than 260 instruments covering Forex ECN pairs and CFDs on Stocks, Indices, Commodities and Cryptocurrency.

AAFX Trading offers clients the ability to trade on more than 60 different instruments. This includes 42 Forex ECN pairs and CFD trading on 11 Indices, 15 Commodities, 1 Cryptocurrency and 197 Stocks.

Below is a list of just some of the available markets for trading:

* Details regarding the available assets are taken from the AAFX Trading website and are correct at the time of this review.

AAFX Trading offers commission-free trading with spreads varying depending on the instrument being traded and the account type. For example, spreads start from 2 pips on the Fixed Account and 0.2 pips on the ECN Account, as advertised on the broker’s website.

Account Opening

AAFX Trading offers 3 main types of trading accounts called Fixed Account, ECN Account and VIP Account which all allow for commission-free and swap-free trading. The broker also offers the use of a Practice Account.

Clients trading with AAFX Trading are offered 3 main types of trading accounts which each come with different features and benefits for both the beginner and advanced trader. These accounts are called the Fixed Account, ECN Account and VIP account. The broker also offers the use of a Practice Account.

AAFX Trading: Fixed Account

The AAFX Trading Fixed Account offers commission-free trading with fixed spreads starting from 2 pips. Accounts with balances up to 20,000 USD can access leverage from 1:10 to 1:2000 depending on the asset class being traded. Account balances above $20,000 have a maximum leverage of 1:1000. The minimum deposit is quite low at just $100.

AAFX Trading: ECN Account

The AAFX Trading ECN Account offers commission-free trading with variable plus spreads starting from 0.2 pips. Accounts balances up to 20,000 USD can access leverage from 1:10 to 1:2000 depending on the asset class being traded. Account balances above $20,000 have a maximum leverage of 1:1000. The minimum deposit is quite low at just $100.

Both types of accounts can be opened in USD, GBP or EUR. A useful summary of each account can be found on the broker’s website, as shown below:

While the above says Swap Free for both Fixed and ECN Accounts this is a bit misleading as there are swaps payable on both accounts, as highlighted in the Commissions section, but swap-free accounts are available to use.

AAFX Trading: VIP Account

The AAFX Trading VIP Account offers commission-free and swap-free trading with ECN spreads. According to the broker, the account is suitable for ‘high rollers’ with balances starting at 20,000 USD to access 100% ECN raw spreads with no commission or swap.

It is unclear how the broker makes revenue by offering 100% ECN spreads with no commission or swaps as nearly all other ECN brokers will charge a commission per trade, covering the cost to connect you to their liquidity providers.

VIP account holders are also offered other benefits such as:

• VIP account holder can claim 30% welcome bonus up to $100k deposits.
• VIP account holder can trade all instruments listed on the website and also request for more instruments.
• VIP account holders can enjoy more tight spreads with zero commission and swap-free accounts.
• Unlimited Live Chat Sessions with AAFX Technical Analyst between 10:00 and 13:30 server time
• Three Private 30 minute Consultations with AAFX Trading Chief Market Analyst, James Muta
• A complimentary subscription to AAFX Trading’s Daily Market Updates SMS Service, and much more.
• Enjoy higher leverage and better execution.
• Faster deposits and withdrawals.

AAFX Trading Swap-Free Account

The broker also offers swap-free trading accounts. However, as with the VIP account, it is unclear how the broker makes their money on this by offering zero interest or swap charges on overnight positions, no up-front commissions and no widening of spreads:

Opening a Live Account with AAFX Trading

To open a live account, users can simply click on the ‘Open Live Account’ button on the broker’s homepage, as shown below:

This will then take the user to an Open Account page, as shown below:

After filling in the form, users are then redirected to their own customer portal where they can access deposit and withdrawal options, promotions and other settings, as shown below:

To open an account, users must verify themselves by providing a Photo ID and Proof of Residency. Users are then asked to confirm their email address by clicking on the verification link sent to their mailbox. After completing the application form users need to confirm their identity with ID and Proof of Address and then fund their trading account.

Deposit & Withdrawals options

AAFX Trading advertises Zero Fees on deposits and withdrawals where clients can use a variety of funding methods including Visa, MasterCard, Neteller, Skrill, FasaPay, WebMoney, Perfect Money, Instacoins and Bitcoin.

AAFX Trading offers a variety of ways for clients to deposit and withdraw funds such as through Visa, MasterCard, Neteller, Skrill, FasaPay, WebMoney, Perfect Money, Instacoins and Bictoin. To deposit funds clients simply need to login to their customer portal and select the Deposit My Account option on the left side which will open the following options:

The broker also advertises Zero Fees on deposits and withdrawals with instant account funding, as shown below:

Web & Desktop Trading Platforms

Clients trading with AAFX Trading can do so via the globally-recognised MetaTrader 4 trading platform for PC, Mac and Web with detailed download instructions provided for both.

Clients trading with AAFX Trading are offered the globally-recognised MetaTrader 4 trading platform making it suitable for both beginner and advanced traders. The AAFX Trading MetaTrader 4 trading platform offers a variety of features and benefits for traders such as:

• The ability to trade on multiple asset classes
• Full EX (Expert Advisor) functionality for algorithmic traders
• 1 click trading
• Built-in news functions
• 50 indicators and charting tools
• 3 chart types

Users can access the MetaTrader 4 downloads direct from the broker’s website or through the customer portal area. Instructions are provided on how to download to both PC and Mac with the latter requiring the download of additional programs such as the free software Wine and PlayOnMac. However, instructions are given, as shown below:

Once the AAFX Trading MetaTrader 4 platform is downloaded, it may look like this:

Mobile Trading Platforms

AAFX Trading offers traders the ability to trade on the MetaTrader 4 mobile trading app for both Android and iOS operating systems.

AAFX Trading offers clients the ability to trade via the MetaTrader 4 mobile trading app for Android and iOS operating systems. These can be downloaded directly from the Google Playstore or Apple’s App Store with the app download links also available on the broker’s website, as shown below:

The MetaTrader 4 mobile trading app offers traders the ability to:

• Access full MT4 account functionality.
• View 3 chart types.
• Access 30 different technical indicators.
• View a full trading history journal.

From the AAFX Trading MetaTrader 4 mobile trading app homepage users can access a variety of functions such as quotes, charts, a news feed, an economic calendar and more:

Trading Features

There are no additional trading features beyond the use of MetaTrader 4 for PC, Mac, Android and iOS mobile operating systems. However, users can access features from MetaTrader such as Signals and their Marketplace.

AAFX Trading offers no additional trading features beyond the MetaTrader 4 trading platform for PC, Mac, Android and iOS mobile operating systems. However, users can access features from MetaTrader such as Signals where you can copy other traders and the Marketplace where traders can find custom written indicators and strategies for download and purchase.

Commissions & Spreads

Trading costs with AAFX Trading vary depending on the market being traded and the type of trading account opened. The broker advertises commission-free trading, meaning the broker’s cost comes from the spread and swaps (unless on a swap-free account).

Trading costs with AAFX Trading vary depending on the market being traded and the type of trading account opened. The broker advertises commission-free trading on all their account types: Fixed Account, ECN Account and VIP Account.

AAFX Trading Forex

Typical spreads for Forex trading on the Fixed Account and ECN Account can be found on the broker’s website, as shown below:

AAFX Trading Indices

Typical spreads for trading Indices can be found on the broker’s website, as shown below:

AAFX Trading Commodities

Typical spreads for Commodities trading on the Fixed Account and ECN Account can be found on the broker’s website, as shown below:

Typical spreads for Stocks trading on the Fixed Account and ECN Account can be found on the broker’s website, as shown below:

Swap Rates with AAFX Trading

Swap rates vary depending on the instrument being traded. The broker advertises the option of swap-free trading accounts as well.

However, the information provided on the broker’s website is confusing as the broker advertises swap-free trading on Stocks, as shown below:

But the broker then provides the Swap fees for Stocks in their Swap free table, as shown below:

Bonus & Promotions

AAFX Trading provides a variety of different bonus and promotional offers such as a 35% Welcome Bonus, a Redeposit Bonus and more.

At the time of writing, AAFX Trading is offering a variety of different bonus and promotional offers that can be found on their website:

The 35% Welcome Bonus is offered to new traders. Clients simply need to open a live account, accept the terms and conditions and deposit a minimum of 500 EUR or 500 USD. More details on how to get started and the terms and conditions associated with the bonus can be found on the broker’s website:

The broker also offers a variety of other bonus and promotional offers which can change at any time.

Customer Support

AAFX Trading offers 24 hours a day, 5 days a week customer support via Live Chat, Phone, Skype and Email for a variety of different languages including English, Greek, Japanese, Chinese, Russian, French, Spanish, German, Hindi, Arabic and many more.

AAFX Trading offers 24 hours a day, 5 days a week customer support via Live Chat, Phone, Skype and Email for a variety of different languages including: English, Greek, Japanese, Chinese, Bahasa Malay, Bahasa Indonesia, Hungarian, Russian, French, Spanish, Italian, German, Polish, Hindi, Arabic, Korean, Portuguese, Czech, Slovakian, Bulgarian, Romanian and Dutch.

After testing the Live Chat function on a Monday morning, European timezone, an agent was available to chat within just a few seconds and responded back in just a few seconds, as shown below:

Research

AAFX Trading provides some research tools in the form of Daily News and Daily Reports that can only be accessed through the customer portal area.

AAFX Trading provides some research tools in the form of market commentary via Daily News videos and Daily Report briefings. These can be accessed via the customer portal area once a user has logged in, as shown below.

The Daily News section is a series of market video updates:

Selecting the Daily Reports tab will open a new browser window and open the AAFX Trading Research Report page. This page provides written fundamental commentary as well as some trading ideas using technical analysis for major markets, as shown below:

Trader Education

AAFX Trading provides some trader education tools in the form of an Education Video Library covering a wide range of trading topics.

AAFX Trading provides some trader education tools in the form of an Education Video Library that can be accessed once logged into the customer portal area. These videos cover a wide range of trading topics such as Basic Forex, Fibonacci, Candlesticks, Indicators, MT4 and much more.

Users can choose between English and Arabic videos, as shown below:

Trading Experience

AAFX Trading provides a simple trading offering on MetaTrader 4 for a wide variety of major markets. Beginner and advanced traders may enjoy the bonus and promotional offers provided by the broker, along with commission-free trading.

From our observations, AAFX Trading provides a simple trading offering most suitable for beginner traders due to the ability to trade on the globally-recognised trading platform MetaTrader 4, with commission-free trading, welcome bonus offerings and low deposit amounts.

Advanced traders may also enjoy the high leverage available on some instruments, depending on the account type which can go up to 1:2000. Advanced traders can also access Forex ECN markets.

Both beginner and advanced traders may enjoy the Zero fees policy where the broker does not charge for deposit or withdrawal amounts.

FAQ

Is AAFX Trading regulated?

Offshore regulation.

Where is AAFX Trading based?

AAFX Trading registered address is Suite 305, Griffith Corporate Centre, Beachmont, Box 1510 Kingstown, St. Vincent and the Grenadines.

How does AAFX Trading make money?

AAFX Trading makes money through spreads and in some cases swaps.

How do I deposit in AAFX Trading account?

Funds can be deposited into a trading account via Visa, MasterCard, Neteller, Skrill, FasaPay, WebMoney, Perfect Money, Instacoins and Bitcoin.

What is the min. deposit for AAFX Trading?

The minimum deposit is $100.

How do I withdraw money from AAFX Trading?

Withdrawals can be made from AAFX Trading via Visa, MasterCard, Neteller, Skrill, FasaPay, WebMoney, Perfect Money, Instacoins and Bitcoin.

What is the max leverage in AAFX Trading?

The maximum leverage offered by AAFX Trading is 1:2000.

How do I open an account with AAFX Trading?

An account can be opened at the click of a button on the AAFX Trading website and can be done in just a few steps.

Does AAFX Trading use MetaTrader?

Yes, AAFX Trading offers MetaTrader 4 for PC, Mac, Android and iOS operating systems.

Conclusion

AAFX Trading is a registered company in the St. Vincent and the Grenadines, offering to trade on more than 260 instruments including Forex ECN and CFDs on Stocks, Indices, Commodities and Bitcoin on the MetaTrader 4 trading platform for PC, Mac, Android and iOS operating systems. The broker offers commission-free trading and welcome bonuses.

AAFX Trading is a registered company in the St. Vincent and the Grenadines and is not regulated by a major financial regulator. It is also not clear on how the broker makes money on the VIP account from advertising 100% raw ECN spreads without charging a commission, swap or widening of the spread.

The broker offers 3 main types of trading accounts called Fixed Account, ECN Account and VIP Account. All accounts offer commission-free trading with variable or fixed spreads and the option for swap-free trading as well. The broker offers low deposits for Fixed and ECN Accounts at just $100, with a minimum deposit of $20,000 for the VIP Account.

Users can access a wide variety of markets with AAFX Trading such as Forex ECN and CFDs on Stocks, Indices and Commodities as well as Bitcoin. The broker offers traders the ability to trade on the globally-recognised MetaTrader 4 trading platform for PC, Mac, Android and iOS operating systems.

Both beginner and advanced traders may enjoy some of the research and education tools on offer. The broker also offers other benefits such as zero fees on deposits and withdrawals, as well as a 35% welcome bonus among others.