Taxes in the U.S. are actually about 45% on financial services. But if it registers in the U.S., it will have to take twice as much money to compensate for the taxes. I hope you understand why the AAFX isn’t trying to get the US or EU license?. The broker wants to be convenient for the client, not for Uncle Sam (or for aunt Merkel). I have been trading with AAFX for six months now and I have mostly good feelings about them. They have a variety of account types, trading platforms, and payment methods to, suit different needs and preferences.
You have to agree, not every broker can offer you balance protection. I don’t know new programs well enough, Metatrader is for me a usual and convenient program. The broker has 2 of them, you can freely get acquainted with their conditions on the official website of the broker. The availability of Islamic accounts is also an indisputable advantage. The company cares about its audience and wants to create a comfortable trading environment for people with different religious beliefs. The technical support service also works competently and quickly.
- Finding the right broker is never an easy feat as there are so many brokers in the market these days.
- Welcome to AAFXTRADING COMPANY LTD, your gateway to the world of professional Forex trading using the MT4 platform.
- But you need to understand that AAFX Trading stands out from all the available options.
But a lot of brokers don’t have any registration at all, and they work quite well. Yeah, it’s not cool that a broker registered whatever, but that doesn’t make it a scammer. I’ve been working with the aafx myself for a year now, and I’ve never had any problems. But I have never been scammed, taken my money from my account, or taken any additional commissions or hidden charges. I appreciate brokers who are not charging additional trading fees, aside from spreads and AAFX is excellent in this regard.
Why Choose AAFX for Currency Trading?
In addition, there is daily technical analysis available, however, the research tools are limited with this broker. Overall, the education and research options are fairly average. For me, AAFX became the first forex company, where you can trade the shares of stock markets.
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 aafx reviews trade in, subject to the broker’s terms and conditions. AAFX Trading offers clients a range of advanced trading platforms that cater to the needs of different trading styles.
You can even design your own algorithms for a fully personalized trading experience. Beware of this broker, will let you draw small money to make you feel safe, but when you win enough and have enough balance, that’s the end of you. Tactics include manipulating price to hit your SL, changing spreads that you cannot even imagine, and excuses that you used a cheating strategy. Too bad, that the full list of shares is available only with $20000 deposit. I’ve been trading seriously and investing in stock markets for a while. That`s why it is not an issue for me, but it can push away some newcomers.
AAFX Demo Account
AAFX execution is fine, I like how they process the withdrawals on time I have not encountered any problems doing that, and the swap fees are quite low. Their spread is relatively cheap and affordable but, of course, not the most reasonable. It would be better if the broker considered increasing other methods of payment, such as PayPal.
Step 2: Time to verify your account
They offer to enter ECN only for 100$ 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.
Why AAFXTRADING MT4 is Better?
It’s worth mentioning that the assets are very limited compared to what other brokers are offering. It’s been almost a year that I’m trading with AAFX, and now I’m finally all set to share my opinion. In general, I’m quite satisfied with the cooperation, and so far ain’t planning to switch to any other broker.
In this review of AAFX, we’ll dive deep to find out everything worth knowing about this broker. We’ll discuss its trading fees, safety and security, policies, trading software, research capabilities, educational material and more. In addition, if you decide to open a live trading account with AAFX, you will find a useful step-by-step guide. If you have experience in trading and know how and what to do, aafx will be an ideal option.
Was a victim of AAFX investment scam some months ago myself. However I will mention high leverage and the absence of commissions as the main ones. AAFXTrading.com is a fully licensed and regulated company.
Customer support of AAFX
It comprises global networks that offer transactions 24 hours a day and close only on the weekends. The foreign exchange market, or FX, is the original financial market that was formed to bring structure for improving the global economy. Besides, it provides a venue for selling, buying, exchanging, and speculating the current series. The forex market also provides currency conversion for international trade settlement and investment.
I don’t have a tiny bit of trust to brokers who offer fantastic tariffs, excessive bonus programs or promise to make you rich in a snap of fingers. AAFX is just an ordinary broker with a wide variety of tradable instruments including crypto and commodities apart from forex. Their support answers in a timely manner and in my experience every problem and question gets resolved within minutes. Work with the US customers, which is a big plus in my opinion.
The participants involved in the market can choose to exchange or speculate on the relative exchange rates of various currency pairs. They comprise Forex dealers, banks, commercial companies, investment management firms, Central banks, hedge funds, retail Forex dealers, and investors. Irrespective of your experience level, you can start with the investment journey and get the maximum benefit from the same when you are aware of certain basics. A major feature of the forex market is its global network of financial centers. This increases the liquidity available for the currency market and also adds to the appeal of the largest asset class available to investors.
But that is not what really attracted me to the broker, because I do not even use the max leverage. The trading spreads on the account are a very big selling point as well. The broker’s customer support is available via two local phone numbers in Hong Kong and Australia, or via live chat on the website. According to information on the broker’s website, support is open 24 hours a day on all trading days. In addition to these two account types, AAFX also has a VIP account available for customers who deposit at least USD 20,000.