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. I like that they operate as an ECN broker using the Non-Dealing Desk (NDD) brokerage model. This means that your trades go straight through to the market without any broker interference. I find that NDD brokers deliver superior pricing and have minimal slippage.
- Anyway, AAFX Trading demo account has everything that trader has in real trading, so you have to practice and learn a lot.
- I can enjoy all of this along with lightning-fast trade execution.
- But a lot of brokers don’t have any registration at all, and they work quite well.
- AAFX Trading provides the renowned MT4 which is available in web, desktop, and mobile versions.
- I have never met a broker which had the regulation and which was a scam.
It has very handy charting and tracking features for forex traders such as automated trading systems (EAs), Technical Indicators and different timeframes. The company was founded in 2013 and delivers forex trading services to clients from over 100 countries including the US. AAFX aafx trading review Trading provides negative balance protection which means that you will never owe to the company more than you deposited. Those of you trading since 2015 (the sudden decision of SNB to remove EURCHF 1.20 cap) will praise the significance of negative balance protection function.
Which trading platform should a beginner with little trading experience choose?
Minimum deposit of $1,000 and $1.5 per $100k commission are charged to make this account an excellent choice for serious traders who demand the best trading conditions. The MT5 platform was released in 2010 supporting faster than ever processing technology and additional layouts. The AAAFx MT5 platform offers an extensive list of the trading instruments including Cryptocurrency CFDs, helping the advanced platform to fulfil its futuristic outlook. I find the platform to be very similar to MT4 just with some more features. It may be better if you are looking to trade stock CFDs and plan on doing some more complex market analysis. I do use it from time to time but still stick with MT4 as it is the platform that I am more familiar with and have already developed lots of trading tools for.
Brokers provide different trading software for their clients. This is normally called a trading platform and it is used for making trades. Finding the right broker is never an easy feat as there are so many brokers in the market these days.
We believe that there are better options out there for social trading. AAFX Trading has a rating of 4.8/5 on TrustPilot after 50 reviews and 3.5/5 on Forex Peace Army after 66 reviews. Most of the reviewers are happy with this broker’s easy to use platforms, customer service, spreads, educational resources and withdrawals.
However, AAFX Trading has taken steps to improve its customer service, including increasing the number of customer support staff members and improving their response times. They have also added a live chat option to their website for faster assistance. This shows that AAFX Trading is committed to providing excellent customer service to their clients, continuously working to improve in this area. AAFX Trading has implemented strict security measures to protect clients’ personal and financial information, keeping client funds in segregated accounts.
They offer to enter ECN only for 100$ and spreads for major pairs 0,5 -1 pip – wow! But if you are newbie, be ready to learn everything by yourself – there is no education provided. While others were playing with the sandboxes an attending webinar, I was testing strategies and making bots, which I created myself. The absence of the educational platform at aafx is not the disadvantage in this point of view. For me, the idea of trading with AAFX is so much better. In case you have any doubts, you can start with a minimum amount, then trade a little bit and make a test withdrawal – that’s what I did with other brokers.
The problems I ran into were related to the fact I develop trading advisors for MT4 platform. When I started executing them at AAFX some of my strategies have shown a worse result from what I had on the backtests. The reason turned out to be the policy which does not allow to close profit in less than 60 seconds since position was opened. This condition was not critical for my strategies performance, so I simply adjusted them to meet broker’s requirement. Tight spreads they offer and no additional commission and swap was worth this little inconvenience.
The Trustpilot Experience
It has an abundance of inbuilt tools for trading and market analysis using powerful charting and technical indicators. It supports the development of plugin apps using the MQL programming language and built-in MetaEditor programming interface. Thousands of plugin apps have already been developed and many of them can be acquired from the MQL market which is accessible from within the MT4 platform.
Do you know what the quality indicator of any company is? Yes, I am a broker’s customer, so I don’t visit the official website so often, but I can say that all the services of the company work as perfectly as the official website. I’m trading with this broker only because of the swap-free accounts. I like to open long term deals and it is not profitable with swaps. With AAFX Trading you can open an account without swaps and as a result, you can keep the deal opened as long as you want, it will not entail any additional spending. After I deposited the margin into the account, they suspended my account and prevented me from logging in to the platform.
This article will give an analysis of the spreads and leverage offered by AAFX with an objective overview, which is vital before you decide where to invest your money. If you are a client with slightly high volumes in trading (with a deposit of at least $5,000), you are eligible for a free VPS. I have my own VPS and find it to be a fantastic tool for remotely running my trading platforms without needing my home machine switched on all of the time. You can trade from anywhere in the world conveniently without connection interruptions and save yourself from worrying about internet or power outages. It is vital to minimize any latency while trading because a minor delay could cost you a fortune. I use my VPS to test my automated strategies on different brokers to compare performance.
This will attract clients looking to magnify their funds for maximised trading positions. AAAFx is an online forex and CFD broker that provides a good selection of 500+ assets for trading on its platforms. The broker supports social trading but could add some educational materials, trading tools and market analysis. Demo accounts are freely available but they expire after 30 days of inactivity. This is disappointing as there are many brokers that provide non-expiring practice accounts. The demo account can be useful to try out the broker’s platforms and services before opening a real trading account.
Secondly, the trading conditions there are really nice. More than that, a broker offers negative balance protection. Such a function is useful if you trade with leverage and don’t want your balance to go negative. So, all of these criteria helped me to make a right decision about choosing a new broker for myself.