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AAFXTRADING Review 2024

By:
Vladimir Zernov
Updated: Nov 26, 2023
Overall Rating
3.6
  • Trust
    1.7
  • Fees
    3.2
  • Platforms and Tools
    4
  • Tradable Instruments
    3.6
  • Customer Support
    4.5
  • Research
    4.1
  • Deposit and Withdrawal
    5
  • Account Types and Terms
    4.9
  • Education
    3.1
  • How Did We Test and Rate This Broker?
    When trading forex and CFDs, understanding a broker's strengths and weaknesses is essential. We developed a proprietary rating system, which is the result of extensive research and hands-on evaluation by our expert reviewers. With a rigorous approach, our reviewers manually assess each broker, investing more than 50 hours per review, checking and testing the broker while analyzing over 250 variables to simplify the broker selection process for you. The categories we evaluate include trustworthiness, trading platforms, customer support, regulatory oversight, spreads, fees, the variety of instruments offered, education, and research tools. This unique rating system is specifically developed to ensure that the assessment is based on firsthand knowledge and experience. By dedicating a significant amount of time to each review, our team of experts can provide in-depth insights and help you make well-informed decisions when choosing the broker that best suits your trading goals.
    Chart

    I performed my tests with a Fixed Account, using the MT5 desktop platform and MT5 mobile platform, opened with AAFX Trading Company Ltd, which is registered in St. Vincent and the Grenadines. Some features and services may vary depending on where you reside.

    The Big Picture

    Established in 2015, AAFX Trading is a versatile online CFD broker with its headquarters in St. Vincent and the Grenadines. The broker also has a corporate presence in Malaysia and conducts operations in Hong Kong.

    AAFX Trading supports both the popular MetaTrader 4 and the more advanced MetaTrader 5 platforms, offering traders flexibility in their choice of trading software. While the broker’s range of tradable assets is not extensive, it is diverse, encompassing forex pairs, commodities, stocks, indices, and cryptocurrencies.

    A standout feature of AAFX Trading is its swap-free accounts, which remove the necessity for traders to incur swap or rollover fees. On top of that, the broker operates without commissions, further enhancing its cost-effectiveness.

    I evaluated AAFX Trading across 9 categories: Trust and Stability, Fees, Tradable Instruments, Account Types, Deposit and Withdrawal, Research, Customer Support, Education, and Platform and Tools.

    AAFX Trading Key Takeaways For 2023

    • The broker’s single entity is registered in St. Vincent and the Grenadines. Despite, the entity being unregulated, it provides negative balance protection and holds clients’ funds in segregated accounts for added safety.
    • My tests revealed that the fees for the Fixed Account tend to be higher than the industry average.
    • The broker supports the popular MetaTrader 4 and MetaTrader 5 platforms.
    • AAFX Trading provides a well-rounded set of tradable instruments, but some categories are a bit sparse in terms of selection.
    • In terms of money management, the broker is quite flexible. Clients can use multiple deposit and withdrawal methods, including cryptocurrency options.
    • AAFX Trading offers a range of spread-based accounts. Notably, the broker does not charge commissions and swap/rollover fees.
    • As for customer service, my interactions with the support team were efficient and professional.
    • I found that AAFX Trading provides useful research tools, but their educational support is limited.

    Who is AAFX Trading For?

    AAFX Trading features a low minimum deposit requirement of just $100 and offers spread-based accounts with no swap fees, which makes it convenient for beginner traders. Advanced traders will benefit from the decent research support and tight spreads at the VIP account.

    AAFX Trading Pros and Cons

    Pros Cons
    • No swap fees or commissions
    • Decent research support
    • Multiple deposit and withdrawal options
    • The only available entity is unregulated
    • Limited educational support

     

    AAFXTRADING Main Features

    ☑️ RegulationsSVG FSA (Saint Vincent and the Grenadines)
    🗺 Supported Languages
    Korean, English, Russian, Hindi, French, Indonesian, Dutch, Portuguese, Slovak, Polish, Czech, Arabic, Hungarian, Bulgarian, Italian, Spanish, Chinese, Japanese, Greek, Malaysian, German, Romanian
    💰 ProductsCurrencies, Stocks, Crypto, Indices, Commodities
    💵 Min Deposit$100
    💹 Max Leverage1:2000 (SVG FSA)
    🖥 Trading Desk TypeECN, STP
    📊 Trading PlatformsMT5, MT4
    💳 Deposit OptionsCryptocurrencies, Neteller, FasaPay, Webmoney, Skrill, PerfectMoney, SticPay
    💳 Withdrawal OptionsCryptocurrencies, Neteller, FasaPay, Webmoney, Skrill, PerfectMoney, SticPay
    🤴 Demo AccountYes
    🗓 Foundation Year2015
    🌎 Headquarters CountrySaint Vincent and the Grenadines
    Risk DisclosureCFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

    AAFXTRADING Full Review

    Trust

    1.7
    How Did We Test the Broker's Trustworthiness?
    Assessing a broker's trustworthiness with your funds is vital. To help you make the right decision, we carefully checked each broker's regulatory license and examined how well they protect traders. Moreover, we looked at the broker's stability by studying their business history, corporate structure, and industry experience. Finally, we thoroughly reviewed all of the broker's legal documentation, including terms, conditions, and fees, and evaluated their transparency based on our analysis. Our hands-on approach ensures that even novice traders have the knowledge they need to make smart decisions.
    trust chart

    Founded in 2015, AAFX Trading has been in business for more than 8 years. The broker’s entity is registered in St. Vincent and the Grenadines. AAFX Trading provides negative balance protection and ensures that all clients’ funds are held in segregated accounts.

    AAFX Trading Regulations

    AAFX Trading Company Ltd. is registered in St. Vincent and the Grenadines. This is an unregulated entity.

    Registrations at SVG FSA

    Why is It Important to Know Where Your Broker Subsidiary Is Regulated?

    Each regulator has its own requirements for brokers, which may differ substantially. Such requirements cover aspects like leverage levels and specific protections for investors. These protections may include negative balance protection, segregated accounts, and investor compensation funds. Traders should understand the differences between regulations to evaluate whether the broker suits their needs.

    AAFX Trading operates under a single entity, AAFX Trading Company Ltd, registered in St. Vincent and the Grenadines. Traders should note that entities registered in St. Vincent and the Grenadines are not regulated. Nevertheless, AAFX Trading Company Ltd takes precautionary measures, such as holding client funds in segregated accounts. This ensures that clients’ money is not used for the broker’s own operational expenses in case the broker faces financial difficulties. Additionally, the entity offers negative balance protection, safeguarding clients from losing more money than they have in their accounts. I have summarized key aspects of the broker’s entities in terms of regulation and safety in the table below:

    Entity Features AAFX Trading Company Ltd
    Country/Region St. Vincent and the Grenadines
    Regulation Unregulated
    Tier Level
    Segregated Funds Yes
    Negative Balance Protection Yes
    Compensation Scheme No
    Standard Leverage  1:2000

    Is AAFX Trading Safe to Trade With?

    AAFX Trading has one entity that is registered in St. Vincent and the Grenadines. This is an unregulated entity that provides negative balance protection and holds clients’ funds in segregated accounts. The segregation of clients’ funds ensures that the broker cannot use them for the company’s own purposes. With negative balance protection, clients cannot lose more money than they have in their accounts. However, the broker does not provide any compensation scheme.

    Stability and Transparency

    In my tests for the Trust category, I also cover factors relating to stability and transparency. Here, I focused on how long the broker has been in business, the size of the company, and the transparency in terms of information being readily available.

    AAFX Trading has been in business for over 8 years. My research indicates that the company is not publicly traded and does not operate a bank. Clients can find the regulatory details in a designated section of the company’s website. Traders can also take a look at the Customer Agreement and the Introducing Broker Agreement in the Terms of Business section of the website.

    Information about the different account offerings is available in the Account Types section of the company’s website.

    Account types at AAFX Trading

    In summary, my research indicated that AAFX Trading can be regarded as having a reasonable level of trust and stability due to the following factors:

    • The broker’s entity provides negative balance protection and offers segregated accounts.
    • More than 8 years in business.
    • Easy access to important information on the company’s website.

    Fees

    3.2
    How Did We Test the Broker's Fees and Commissions?
    Broker commissions and fees can be challenging to understand. To simplify this for you, we carefully examined all the broker's fee-related documentation and presented it in a clear, easy-to-understand format. Furthermore, we conducted hands-on tests on spreads and commissions for the most common instruments during both London and New York trading sessions. We then compared these real-time test results to the market benchmark we've established through our extensive experience evaluating the industry.
    fees chart

    My tests indicated that AAFX Trading fees for the Fixed Account were mostly higher than the industry average. However, it’s worth noting that the broker does not charge commissions, swap fees, or inactivity fees.

    AAFX Trading Fees

    For this review, I tested the AAFX Trading Fixed Account, where the broker applies fixed spreads but does not charge commissions or swap/rollover fees. AAFX Trading also offers an alternative account featuring variable spreads.

    AAFX Trading Spreads

    I conducted tests on the Fixed Account’s spreads during two peak trading periods: the London open at 8:00 a.m. UK time and just after the US open at 2:45 p.m. UK time. These time frames represent the market’s most active trading hours.

    I summarized my findings in the table below:

    Instrument Live spread AM Live spread PM
    EURUSD 2.0 2.0
    GBPJPY 5.0 5.0
    Gold (XAUUSD) 50 50
    WTI Oil 0.1 0.1
    DAX  7 7
    Dow Jones  8 8
    Apple n/a 0.28
    Tesla n/a 0.32
    BTC 1000 1000

    My tests indicated that AAFX Trading offers low spreads for Apple and Tesla. The spreads for Gold fall within a medium range, while those for EUR/USD, GBP/JPY, WTI Oil, Dow Jones, DAX, and BTC are high. I’d note that the spread for BTC is extremely high, so traders who are interested in Bitcoin should choose other options available in the marketplace.

    Forex spreads at the Fixed Account

    Swap Fees

    AAFX Trading does not charge swap fees.

    Non-Trading Fees

    AAFX does not impose inactivity fees, which means that accounts can be dormant for a period of more than 6 months without incurring extra charges. The broker also refrains from charging any other non-trading fees.

    Are AAFX Trading Fees Competitive?

    AAFX Trading provides competitive spreads for Apple and Tesla at its Fixed Account. The spreads for Gold are medium, while spreads for other instruments I measured are high. Additionally, the broker also doesn’t charge any non-trading fees.

    Platforms and Tools

    4
    How Did We Test the Broker's Trading Platforms?
    We understand that platforms play a crucial role in your trading experience. That's why we spent many hours testing the broker's web, desktop, and mobile trading platforms to gain a real understanding of their usability, functionality, and overall performance. From experimenting with different order types to testing execution speeds, charting, and other features, we thoroughly examined every aspect of these platforms based on our trading expertise, helping you make an informed choice.
    platforms chart

    AAFX Trading offers two of the most renowned trading platforms in the world – MetaTrader 5 (MT5) and its predecessor MetaTrader 4 (MT4), catering to both novice and experienced traders. The platforms are also available for mobile and tablets.

    MetaTrader platforms are popular among brokers because they offer an extensive range of technical analysis tools and support algorithmic trading. Many traders are already familiar with either MetaTrader 4 or 5, so they don’t have to spend time learning the features of the platform.

    AAFX Trading Desktop and Web Platforms

    In this review, I tested the MetaTrader 5 platform, examining its charts, indicators, drawing tools, order functionality, and overall ease of use.

    MetaTrader 5 platform

    General Ease of Use

    MT5 is an advanced trading platform that could be tailored to traders’ needs. Its interface is rather intuitive, although some traders may want to search for tutorials to take a deep dive into MT5’s capabilities. In general, advanced traders would have no problems with MT5, while beginners may need to spend some time learning the fundamental features of the platform.

    For beginner traders, it’s beneficial to familiarize yourselves with various chart options, indicators, drawing tools, and order types. You may need to learn how to create watchlists and manage your trading positions. Despite the initial time and effort required, traders who invest in this learning, ultimately gain a powerful tool that helps achieve better trading results.

    While the general look of the MetaTrader 5 platform may seem a bit outdated, I find the platform fairly intuitive and easy to learn. However, for novice traders who have never had experience with this platform, it may initially appear overwhelming. AAFX Trading provides the standard MT5 offering, so those who have previously used the platform with other brokers will be ready to trade in a couple of minutes.

    Charts

    MT5 offers 97 indicators and 21 timeframes, which is more than enough to customize your charts and adjust them to your needs.

    Charts in MetaTrader

    Trend indicators, oscillators, volumes, Bill Williams indicators, and custom indicators help to design the chart you need.

    Available timeframes range from 1 minute to 1 month, providing traders with an opportunity to observe short-term developments, as well as significant multi-month trends.

    MT5 also supports:

    • lines
    • channels
    • Gann tools
    • Fibonacci tools
    • Elliott tools
    • shapes

    These tools are commonly used for decision-making in trading, so their inclusion is a must for any reputable trading platform.

    Each chart can be displayed as a bar, a candlestick, or a line. Candlesticks are generally the most popular among traders as they suggest plenty of various patterns that are used for making trading decisions. That said, other chart types also have their advocates.

    MT5 charts are accessible even to novice traders. Nevertheless, they also offer enough options for experts.

    Like most traders, I have my favorite indicators and drawing tools, which include RSI, moving averages, and channels. I prefer using candlestick charts for the insights they offer through candlestick patterns. I find it easy to use and combine various indicators in MT5.

    Candlestick charts in MetaTrader

    Orders

    MT5 offers all main order types including:

    • Market orders. This type of order allows you to buy or sell the instrument at the current market price. It is used when the trader needs to establish a position in the fastest possible way. The main downside of a market order is the necessity to pay a spread, which is the difference between the bid price and the ask price.
    • Limit orders. This order is used to buy or sell the instrument at a pre-set price or better. Limit orders are suitable when the trader wants to get a specific entry point and is unwilling to pay the current market prices.
    • Stop-loss orders. These orders are used to get you out of the position when the price is moving in the wrong way. The order is triggered when the price reaches a specified point.
    • Stop limit orders. This is a stop-loss order which puts a limit order instead of a market order when triggered. This is a potentially risky way to close a position, and it should be used only by experienced traders.
    • Trailing stop orders. This order allows you to set a stop order that will move if your open position trends favorably. It is used to protect your profits in case the market direction changes.

    Different expiration types are available for all pending orders, including GTC (good-till-cancel), Today, Specified, and Specified Day.

    Personally, I strongly prefer limit orders and use them for both entry and exit points. These orders are highly effective in risk management, particularly during significant market movements when market orders can result in prices that deviate greatly from your expectations.

    Order entry in MetaTrader

    AAFX Trading MT5 Mobile App

    In this review, I have tested the AAFX Trading MetaTrader 5 Mobile App for Android.

    General Ease of Use

    The MT5 mobile app for Android is quite user-friendly. It provides charts, quotes, account balance info, an economic calendar, news, and other tools designed to help traders make informed decisions. As expected, traders have access to the standard features of the MT5 mobile app. If you’ve previously worked with the MT5 app, you’ll be able to begin trading in a short period of time.

    MT5 Mobile App

    Charts

    MT5 mobile app offers:

    • 30 technical indicators
    • 24 drawing tools
    • 9 timeframes
    • 3 chart types

    This selection of options is sufficient for mobile-based trading. I prefer using a mobile app when I don’t have access to the desktop platform but need to monitor the market and open positions. While the app is helpful in certain circumstances, it is not as efficient as the desktop platform, which remains the primary solution for traders who require fast and active trading capabilities.

    Orders

    The MT5 mobile app allows you to place market orders, limit orders, and stop orders. However, trailing stops are not available on mobile trading terminals.

    Tradable Instruments

    3.6
    How Did We Test the Broker's Tradable Instruments?
    For this section, we examined the broker's market offering, assessing the variety and depth of instruments and asset classes available for trading. Through our proprietary database, we then compared the results with other brokers. This comprehensive analysis allows you to determine if the broker offers the specific instruments and trading options you're looking for.
    tradable_instruments chart

    My research showed that AAFX Trading provides a well-rounded selection of popular instruments across various asset classes. The broker excels in offering a substantial number of commodities and indices, but its cryptocurrency options are somewhat limited.

    What are CFDs?

    CFDs (Contracts for Differences) are financial instruments that enable traders to speculate on asset prices without owning the underlying securities. The key advantage of CFDs is the access to significant leverage, which is typically not available when trading other instruments. Consequently, CFDs are especially popular for short-term trading.

    Stocks at AAFX Trading

    What Can You Trade with AAFX Trading?

    • 58 forex pairs. The list includes popular names like EUR/USD and GBP/JPY, as well as more exotic options.
    • 12 commodities. Traders have access to Gold, Silver, WTI Oil, and other popular commodities.
    • 11 indices. Major indices like DAX, Dow Jones, and SP500 are available for trading.
    • 64 stocks. The stock offering includes big names from various markets like Tesla, Air France, and Adidas Salomon.
    • 2 cryptocurrencies. BTC/USD and BTC/EUR are available for trading.
    Forex Shares
    EUR/USD| GBP/JPY | EURHKD Tesla| Air France| Adidas Salomon
    Indices Cryptocurrencies
    DAX | Dow Jones| SP500 Bitcoin
    Commodities
    Gold| Silver| WTI Oil

    AAFX Trading provides access to forex pairs, indices, commodities, stocks, and cryptocurrencies. The forex selection aligns with industry standards, featuring major forex pairs, crosses, and exotic currencies. The broker provides an extensive range of commodities and indices. The stock offering is limited to just 64 names, but it contains stocks from various markets, so traders will have sufficient opportunities for diversification. The cryptocurrency selection is limited to Bitcoin, which can be traded in pairs with the USD and EUR.

    Customer Support

    4.5
    How Did We Test the Broker's Customer Support?
    Traders often underestimate the importance of customer support, yet it proves to be a critical aspect during times of crisis. We put the broker's customer support to the test ourselves using all possible channels, such as chat, phone, and others. Our evaluation focused on the accessibility of live agents, as well as the helpfulness and professionalism of their responses. This way, we provide you with comprehensive insights into whether a broker can deliver full support when you need it most.
    customer_support chart

    AAFX Trading offers customer support through online chat, phone, and email. My tests showed that the customer support team provided quick and professional answers to various questions.

    AAFX Trading Customer Support Test

    AAFX Trading’s customer support is available 24/7 via online chat, email, and phone. During my tests, I posed various questions to the customer support team through the online chat. These questions included inquiries about negative balance protection and segregated accounts, account types, swap rates, and commissions. The team was prompt and helpful in their responses. I’d note that AAFX Trading’s online chat appears to be initially assisted by a bot, which attempts immediate answers, but a human representative quickly takes over to address questions more comprehensively.

    Customer support at AAFX Trading

    Deposit and Withdrawal

    5
    How Did We Test the Broker's Deposit and Withdrawal Process?
    The deposit or withdrawal process can be tricky since you may encounter hidden fees or longer than expected processing time. To assess the broker's offerings, we examined their deposit and withdrawal options and conditions. Using our proprietary database, we then compared these results with those of other brokers.
    deposit chart

    AAFX Trading allows for both deposits and withdrawals through e-wallets and cryptocurrencies. Deposits are processed instantly, whereas withdrawals are completed within 24 hours. Both transactions are free of charge.

    AAFX Trading Deposits

    Deposit Method Base Currencies Fees Processing Time
    Bitcoin BTC No Instant
    Skrill EUR, USD, GBP No Instant
    Neteller EUR, USD, GBP No Instant
    FasaPay EUR, USD No Instant
    WebMoney EUR, USD No Instant
    SticPay EUR, USD No Instant
    PerfectMoney EUR, USD No Instant

    AAFX clients can choose between various e-wallets and cryptocurrencies for depositing funds into their accounts. The broker doesn’t charge any deposit fees and processes deposits instantly. The minimum required deposit is $100.

    AAFX Trading Withdrawals

    Withdrawal Method Base Currencies Fees Processing Time
    Bitcoin BTC No Within 24 hours
    Skrill EUR, USD, GBP No Within 24 hours
    Neteller EUR, USD, GBP No Within 24 hours
    FasaPay EUR, USD No Within 24 hours
    WebMoney EUR, USD No Within 24 hours
    SticPay EUR, USD No Within 24 hours
    PerfectMoney EUR, USD No Within 24 hours

    As usual, withdrawals take longer to process compared to deposits, but the processing time is still swift thanks to the use of e-wallets. AAFX Trading does not levy any withdrawal fees, and the minimum amount for withdrawals is $100.

    Account Types and Terms

    4.9
    How Did We Test the Broker's Account Types and Terms?
    When it comes to achieving your trading goals, choosing the proper account is essential. We initiated our evaluation by personally opening an account with the broker, which allowed us to gain firsthand experience of the process and accurately asses, how fast and easy it is. In addition, we carried out an in-depth analysis of the account types and features offered by the broker, including spreads, maximum leverage, minimum deposits, and more. For a comprehensive comparison, we turned to our proprietary database and examined how this broker's account offerings and processes stacked up against other brokers.
    account chart

    AAFX Trading offers three types of accounts: Fixed Account (with fixed spreads), ECN Account, and VIP Account (both with variable spreads). The broker does not charge commissions or swap fees across any of the accounts it offers.

    AAFX Trading clients can choose between a Fixed Account (fixed spreads), an ECN Account, and a VIP Account (variable spreads). There are no swap fees and commissions across all of the accounts offered by the broker. The Fixed and ECN Accounts require a minimum deposit of $100, while the VIP Account has a minimum deposit requirement of $20,000.

    Account registration at AAFX Trading

    Why is Choosing the Right Account Type Important?

    The account you choose should align with your trading needs. Typically, traders should consider factors like base currency options, contract size, commissions, fees, the number of allowable pending orders/positions, and minimum deposit requirements.

    What Account Types does AAFX Trading Offer?

    Feature Fixed Account ECN Account VIP Account
    Commission (excluding equities) No No No
    Spread Fixed from 2.0 Variable Variable
    Minimum Deposit $100 $100 $20000
    Leverage 1:2000 1:2000 1:2000
    Islamic Account Swap free Swap free Swap free
    Demo Account  Yes Yes Yes

    All accounts offered by AAFX Trading are swap-free and provide a maximum leverage of 1:2000. The Fixed Account and the ECN Account require a minimum deposit of just $100, making them easily accessible for beginners. Accounts can be opened in three currencies: USD, GBP, and EUR.

    Supported countries

    AAFX Trading accepts clients from all countries.

    What is CFD leverage?

    CFD Leverage allows you to avoid paying the full value of the position. Instead, you pay a deposit, which is called margin, while the remaining funds are borrowed.

    In the AAFX Trading case, traders have access to leverage of up to 1:2000. This is an extremely high level of leverage, so traders should be careful and use the appropriate risk management techniques.

    AAFX Trading Account Opening Process

    To open an account with AAFX Trading, follow these steps:

    • Step 1. Visit the broker’s website and click the “Open Live Account” button on the home page.
    • Step 2. Enter your name, email, address, country, phone, and date of birth.
    • Step 3. Verify your identity and residence by submitting the required documents, such as an ID and utility bill.

    In my case, the account opening process took less than five minutes. I was promptly directed to the client portal, which featured user-friendly navigation, so I encountered no problems during the registration.

    What is a demo account?

    A demo account is an account that allows you to test the broker’s services and your trading skills without risking your money.

    Please note that your trading experience will differ when you use a demo account compared to a real-money account due to human psychology, as traders find themselves under pressure when real money is at stake.

    It’s a good idea to use the demo account for practicing and learning the trading platform, but do not spend too much time on the demo.

    Research

    4.1
    How Did We Test the Broker's Research Tools?
    Research options offered by brokers may not be seen as the most important feature for some traders, but they can provide a competitive advantage. To assess the broker's research offerings, we personally explored and tested both proprietary and third-party tools and content, such as Fundamental and Technical Analysis, Market News, educational videos, and webinars. After evaluating the availability and quality of the overall research offering, we compared the results with our benchmark to provide a comprehensive analysis of the broker's research capabilities.
    research chart

    AAFX Trading offers research tools that are suitable for both beginner and advanced traders. The daily reports and various calculators are available via the broker’s website, while the daily news can be found in the client portal.

    AAFX Trading provides daily research reports in a dedicated section on its website, covering both fundamental and technical aspects of popular trading instruments. I found the reports to be comprehensive and valuable for traders at all levels.

    In my personal trading, I use various research reports to take a look at what others are thinking and what levels they are targeting. Such analysis helps understand market sentiment. Traders should note that the interesting research reports are located in the “About Us” section of the website, which is an unconventional location for such research materials.

    AAFX Trading daily research report

    In addition to daily reports, the broker expands its research offering within the client portal, where traders can access daily news in video format. These short segments cover the day’s key events.

    AAFX Trading daily news

    The broker also offers an economic calendar, which can be found in the Education Center part of the website. Additionally, traders have access to other tools like Currency Converter, Fibonacci, Pivot Point, CFD Profit/Loss Calculator, Stop Loss Limit, Daily Signals, Margin Calculator, Pip Value, and Heat Map.

    AAFX Trading Daily Signals

    Besides the standard calculators commonly found on brokers’ websites, traders can also explore Daily Signals covering various asset classes. The Heat Map displays the major currencies’ performance against each other and provides an opportunity to quickly evaluate the current market sentiment.

    Education

    3.1
    How Did We Test the Broker's Education Offering?
    Gaining knowledge about trading in the financial markets can make the difference between success and failure. To assess the broker's educational offerings, we personally tested and evaluated the quality of the content provided, considering its relevance for both novice and experienced traders. We explored the range of materials available, such as articles, videos, webinars, and courses. After evaluating the content's volume, update frequency, and overall quality, we compared the results with our benchmark to provide a well-rounded analysis of the broker's education offerings.
    education chart

    AAFX Trading offers a variety of educational materials, including e-books, videos, and articles. However, they’re mostly targeting beginner-level traders.

    On its website, AAFX Trading presents a collection of educational videos covering various topics such as technical analysis, MetaTrader tutorials, and cryptocurrencies. The broker also offers several ebooks: “Forex Trading Strategies”, “Insider Techniques to Profitable Forex Trading!”, and “New Revolution To Home Based Business.” I’ve noticed that these ebooks could benefit from the inclusion of graphics. Visual aids are often crucial for traders to fully understand the content.

    AAFX Trading Educational Videos

    Traders can also take a look at the “Latest News” section, which before included market updates but today presents a collection of articles on MetaTrader 4 and trading tips.

    The Bottom Line

    AAFX Trading operates under the entity AAFX Trading Company Ltd, registered in St. Vincent and the Grenadines. While it’s an unregulated entity, it does offer securities like negative balance protection and keeps client funds in separate accounts.

    The broker has a diverse trading portfolio that includes forex pairs, stocks, commodities, indices, and cryptocurrencies. It shines particularly in its variety of commodities and indices, although its range of cryptocurrencies is somewhat limited.

    Clients can trade on the respected MetaTrader 4 and MetaTrader 5 platforms. My testing revealed that spreads on the Fixed Account were generally above the industry average. However, it’s worth noting that AAFX Trading doesn’t charge any commissions or swap/rollover fees across its account offerings.

    AAFX Trading provides multiple deposit and withdrawal methods, including cryptocurrencies, without any extra fees. I found that the broker has a respectable research offering, though its educational support is somewhat limited.

    FAQ

    AAFX Trading is based in St. Vincents and the Grenadines.
    AAFX Trading has an entity that is registered in St. Vincent and the Grenadines. This entity is unregulated, but it does provide negative balance protection and holds clients’ funds in segregated accounts.
    AAFX Trading charges spreads.
    AAFX Trading offers a low minimum deposit of $100 and simple trading terms, as the broker does not charge commissions or swap/rollover fees.
    Traders can use e-wallets and crypto to deposit money into an AAFX Trading account.
    The minimum deposit for AAFX Trading is $100.
    Traders can use e-wallets and crypto to withdraw money from an AAFX Trading account.
    Withdrawals are processed within 24 hours.
    The maximum leverage in AAFX Trading is 1:2000.
    To open an account with AAFX Trading, visit the broker’s website and click “Open Live Account.”
    AAFX Trading offers MetaTrader 4 and MetaTrader 5 platforms.
    Yes, AAFX Trading offers a demo account.
    No, AAFX Trading is not suitable for scalping.
    Yes, AAFX Trading is suitable for auto-trading.
    No, AAFX Trading is not suitable for hedging.
    No, AAFX Trading is not suitable for spread betting.
    No, AAFX Trading does not provide VPS.
    No, AAFX Trading does not operate a bank.

    See AAFXTRADING Full Information

    Headquarters CountrySaint Vincent and the Grenadines
    Foundation Year2015
    RegulationsSVG FSA (Saint Vincent and the Grenadines)
    Publicly TradedNo
    Number Of Employees100
    Trading Desk TypeECN, STP
    Trading PlatformsMT5, MT4
    Supported Languages
    Korean, English, Russian, Hindi, French, Indonesian, Dutch, Portuguese, Slovak, Polish, Czech, Arabic, Hungarian, Bulgarian, Italian, Spanish, Chinese, Japanese, Greek, Malaysian, German, Romanian
    Min Deposit$100
    Max Leverage1:2000 (SVG FSA)
    Deposit OptionsCryptocurrencies, Neteller, FasaPay, Webmoney, Skrill, PerfectMoney, SticPay
    Withdrawal OptionsCryptocurrencies, Neteller, FasaPay, Webmoney, Skrill, PerfectMoney, SticPay
    Time to Withdrawal1
    Time to Open an Account5
    Crypto
    Bitcoin
    Products
    Currencies, Stocks, Crypto, Indices, Commodities
    Demo AccountYes
    OCO OrdersYes
    Offers HedgingNo
    Automated TradingYes
    API TradingNo
    Guaranteed Stop LossNo
    Guaranteed Limit OrdersNo
    Guaranteed Fills / LiquidityYes
    Economic calendarYes
    Trading From ChartYes
    One-Click TradingYes
    Expert AdvisorYes
    Social TradingYes
    AutochartistNo
    Trading SignalsYes
    Platform Languages
    Korean, English, Russian, Hindi, French, Dutch, Portuguese, Slovak, Polish, Czech, Arabic, Hungarian, Bulgarian, Italian, Spanish, Chinese, Japanese, Greek, Malaysian, German, Romanian
    24 Hours SupportYes
    Support During WeekendsNo
    Live ChatYes
    Daily Market CommentaryYes
    News (Top-Tier Sources)Yes
    WebinarsYes
    Deposit FeeNo
    Withdrawal FeeNo
    Inactivity FeeNo

    About the Author

    Vladimir ZernovBroker Analyst

    In more than 15 years of trading in the financial markets, Vladimir dealt with a wide range of brokers and financial instruments. His career as a day-trader at a proprietary trading firm goes back to 2007. Later, Vladimir turned to longer time frames and became an independent trader and analyst managing his own portfolio. Using his experience, he helps traders find the best broker in his reviews.

    Why you can trust FX Empire

    At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions.

    Why you can trust FX Empire

    FXEmpire was founded in 2011, making us one of the first forex broker review sites. You can trust FXEmpire because of our thorough and unbiased review process. With over a decade of experience, we have a team of industry experts who conduct rigorous tests to ensure our reviews are accurate and unbiased. Our reviews are designed to bring clarity and confidence to the process of choosing a broker, and are based on objective criteria and measurable data. Our editorial team is composed of trading industry professionals and seasoned financial journalists, who ensure that our reviews are accurate and unbiased. Additionally, our review system is based on 9 core categories and over 250 distinct variables, which ensures that all aspects of a broker are considered before giving a final rating. So, you can trust FXEmpire to provide you with honest and informative reviews that will help you make an informed decision on which broker will best enable you to reach your financial goals.
    Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. You acknowledge that Trading foreign exchange, Commodities, Indices, CDFs and any other Product offered by AAFX Trading may result in a substantial or complete loss of funds and should therefore only be undertaken with risk capital, which are funds that are not necessary to the survival or well being of the user.