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AAFX Broker Review 2024

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AAFX Broker Review 2024
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Investing and trading in financial markets such as the stock exchange, forex, digital currencies in the form of spot or with leverage face a high inherent risk. According to the statistics of all exchanges and brokers, more than 75% of people lose!

Overview
Company:AAFX
Founded:Saint Vincent and the Grenadines
Min Deposit:100
Max Leverage:2000
Headquarter:Saint Vincent and the Grenadines
US Accepted:
About
AAFX is a well-established Forex and CFD broker with over 13 years of experience offering trading services to clients in over 150 countries. This broker offers over 1,000 tradable instruments in various markets, including Forex, precious metals, energy, stocks, crypto, indices, and commodities.
Contact
Two Exchange Square 8 Connaught Place Central, Hong Kong
Rank and Score
Pros and Cons
Account Types
Platforms
Pros
High leverage up to 1:2000
Wide variety of bonuses
Competitive spreads
Fixed spread account type
Cons
Doesn’t support popular trading platforms
Mixed online reviews
Not regulated by top-tier authorities

AAFX is a dominant Forex and CFD broker offering clients over 1000 tradable instruments in 150 countries. This regulated broker is based in Saint Vincent and the Grenadines and has FSA regulations.

In this article, we'll explore this popular trading platform's key features, advantages, and potential drawbacks, covering everything you need to know before creating an account. So join us for our AAFX broker review!

AAFX Forex Broker Review
AAFX broker review plus pros and cons

AAFX Company Information & Regulations

AAFX Trading Company Ltd has quickly become one of the world's fastest-growing Forex and CFD providers. The company offers foreign exchange and CFD trading on multiple platforms.

Here are some key points about AAFX Trading:

  • Market leader in customer service, offering products and services in over 20 languages
  • Won the best broker of Asia in 2013
  • Regulated by FSA and Mwali
  • Incorporated in Saint Vincent and the Grenadines (Registration number: 22916 IBC)
  • Compliant with international legislation and regulation standards

AAFX Trading places a strong emphasis on fund safety, prompt customer support, and providing industry-leading trader tools. This commitment to excellence has established AAFX as a trusted and reliable platform for global forex and CFD trading.

AAFX Broker Summary of Specifications

Let's take a closer look at what makes AAFX Trading stand out in the crowded forex broker market.

Broker

AAFX

Account Types

Fixed, ECN, VIP

Regulating Authorities

FSA, Mwali

Based Currencies

USD, GBP, EUR

Minimum Deposit

$100

Deposit Methods

Bitcoin, Webmoney, Fasapay, Skrill, Neteller

Withdrawal Methods

Bitcoin, Webmoney, Fasapay, Skrill, Neteller

Minimum Order

0.01

Maximum Leverage

2000

Investment Options

No

Trading Platforms & Apps

AAFX platform

Markets

Forex, CFDs, indices, commodities, stocks, cryptocurrencies, Energies, Precious Metals

Spread

From 0.4 pips

Commission

No

Orders Execution

Market execution

Margin Call/Stop Out

50%/20%

Trading Features

Demo account

Affiliate Program

Yes

Bonus & Promotions

Yes

Islamic Account

Islamic account

PAMM Account

No

Customer Support Ways

Email, phone, live chat

Customer Support Hours

24/5

AAFX Broker Account Types

AAFX Trading offers several account types to suit different trading styles and preferences:

Fixed account

This account is perfect for traders who want to have fixed spreads on their traders. Let’s see some of the key features of this account type:

  • Fixed spreads starting from 2 pips
  • Leverage up to 1:2000
  • No commissions
  • Minimum deposit: $100

ECN Account

  This account suits traders who want to trade various instruments with low variable spread and no commission. Here are some of the key features of this account type:

  • Variable spreads starting from 0.6 pips
  • Leverage up to 1:2000
  • No commissions
  • Minimum deposit: $100

VIP Account

AAFX VIP account is best for high-volume traders. This account enables traders to buy and sell with a maximum leverage of 1:2000. Some it’s key features include:

  • Tightest spreads starting from 0.4 pips
  • Leverage up to 1:2000
  • No commissions
  • Minimum deposit: $20,000
AAFX accounts
AAFX accounts, including Fixed, ECN, and VIP

Pros and Cons of AAFX Broker

Let's weigh the pros and cons of trading with AAFX:

Advantages

Disadvantages

High leverage up to 1:2000

Not regulated by top-tier authorities

Wide variety of bonuses

Doesn’t support popular trading platforms

Competitive spreads

Mixed online reviews

Fixed spread account type

AAFX Sign-Up & Verification Guide

Getting started with AAFX Trading is a straightforward process. Here's a step-by-step guide:

  1. Visit the AAFX Trading website (www.aafxtrading.com);
  2. Click on the "Open Live Account" button;
  3. Select your account type (Individual or Corporate);
  4. Fill in the required personal information, including name, email, password, address, date of birth, and phone number;
  5. Login to your account and go to the verification tab;
  6. Upload necessary verification ID and proof of address documents;
  7. Upload proof of payment documents;
  8. Submit your application.

AAFX Broker Trading Platforms

AAFX provides it’s trading services on propriety platform called AAFX platform which is only available on web brawsers. This platform allows users to trade their favorite instruments in various markets, including Forex, indices, commodities, cryptocurrencies and more.

AAFX Broker Spreads and Commissions

AAFX Trading offers competitive spreads and a commission-free trading environment:

Account type

Spread

Fixed

Spreads from 2 pips on major pairs

ECN

Variable spreads from 0.6 pips

VIP

Tightest spreads from 0.4 pips

There are no commissions charged on any of the account types, making AAFX an attractive option for cost-conscious traders.

AAFX spreads
AAFX spreads on Forex instruments

AAFX Deposit and Withdrawal Methods

it’s time to go through deposit and withdrawal methods in our AAFX broker review. This broker provides a range of convenient deposit and withdrawal options:

Method

Minimum deposit

Withdraw time

Bitcoin

100 EUR/USD

Within 24hours

Skrill

100 EUR/USD

Within 24hours

Netteller

100 EUR/USD

Within 24hours

Fasapay

100 EUR/USD

Within 24hours

Webmoney

100 EUR/USD

Within 24hours

Stickpay

100 EUR/USD

Within 24hours

AAFX covers all deposit and withdrawal fees for payments. However, this broker doesn’t offer credit or debit deposits and withdrawals, which could be a major downside for many traders.

AAFX deposit and withdrawals method
AAFX offers 6 different deposit and withdrawals methods

AAFX Copy Trading & Investment Options

Since AAFX doesn’t offer MetaTrader 4 and 5 trading platforms, it has no investment options such as copy trading or social trading.

If you are looking for a broker with copy trading options, we recommend AvaTrade, Pepperstone, and IC markets.

Tradable Markets & Symbols on AAFX

AAFX Trading offers access to over 1000 financial instruments across various markets:

  • Forex: Major and minor currency pairs
  • Precious Metals: Gold and silver
  • Energies: US Oil, Natural Gas, and UK Oil
  • Equity Indices: S&P 500, FTSE 100, DAX 30, and more
  • Commodities: Agricultural products
  • Stocks: Shares of major global companies, including AAPL, AMZN and more
  • Cryptocurrencies: Bitcoin

Trading hours, minimum/maximum lot sizes, and leverage details are clearly specified for each instrument, allowing traders to decide based on their trading strategy and risk appetite.

AAFX Broker Bonuses and Promotions

AAFX offers attractive bonuses to both new and existing clients:

Welcome Bonus:

  • 35% bonus on first deposit
  • Minimum deposit: $500
  • Send a bonus request through email or live chat

Redeposit Bonus:

  • 25% bonus on deposits of $500 or more
  • 30% bonus on deposits of $1000 or more
  • Can be claimed up to two times
  • Traders can’t withdraw bonuses
AAFX redeposit bonus
AAFX offers redeposit bonus for forex traders

iPhone and iPad promotion:

Meet these qualifying factors to have a chance at winning an iPhone 6S or iPad pro

Initial Single Deposit

Round Turn Lot Traded

From $10,000 – $24,999

 250 lots

$25,000 – $49,999    

500 lots

Over $50,000   

1,000 lots

AAFX Broker Support

AAFX Trading prides itself on providing excellent customer service:

Support channel

Detail

Live chat

Available 24/5

Phone support

+16783940676

Email support

support@aafxtrading.com

AAFX Broker Restricted Countries

AAFX Trading does not provide services to residents of certain countries, including:

  • Japan
  • Australia
  • Brazil
  • Tahiti
  • North Mariana Islands
  • Guinea-Bissau
  • Turkey
  • USA
  • Iraq
  • Libya
  • South Sudan

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.

AAFX restricted countries
AAFX doesn’t provide services to traders from the countries mentioned above

AAFX Broker Trust Scores & Reviews

AAFX Trading has received mixed reviews from traders on reliable review websites.

Source

Score

Links

Trustpilot

3.6

AAFX score on Trustpilot

Reviews.io

4.2

AAFX score on reviews.io

ForexPeaceArmy

Scam

AAFX score on ForexPeaceArmy

It’s essential to recognize that personal experiences may differ, so prospective clients are encouraged to do extensive research before setting up an account.

AAFX Broker Education

AAFX Trading provides a comprehensive education center for traders of all levels:

  • Educational videos
  • E-books on forex trading
  • Research reports
  • Trading tools (calculators, converters, economic calendar)
  • Regular market analysis and updates

These resources cover topics from forex basics to advanced technical and fundamental analysis.

Trading Finder Expert Suggestion

AAFX has been around for over a decade, providing Forex and CFD trading services for over 1,000 instruments to clients in 150 countries. This broker is regulated by the FSA and has offices in various countries, including Saint Vincent and the Grenadines, Australia, Hong Kong, and Kazakhstan.

AAFX has been around for over a decade, providing Forex and CFD trading services for over 1,000 instruments to clients in 150 countries. This broker is regulated by the FSA and has offices in various countries, including Saint Vincent and the Grenadines, Australia, Hong Kong, and Kazakhstan.

we advise you to review other options before making an account in the AAFX broker.

FAQs

Is AAFX Trading regulated?

Yes, AAFX is regulated by FSA and the Mwali authority.

What is the minimum deposit at AAFX?

The minimum deposit is $100.

Does AAFX offer high leverage?

Yes, AAFX offers leverage up to 1:2000.

Does AAFX offer MT4/5 trading platforms?

No, AAFX has its own propriety platform.

What account types does AAFX offer?

AAFX broker offer Fixed, ECN, and VIP accounts.

Does AAFX offer a demo account?

Yes, AAFX provides a demo account for beginner and professional traders.

What deposit and withdrawal methods are available in AAFX broker?

AAFX offers various payment options, including Bitcoin, Skrill, Neteller, Fasapay, WebMoney, and Skrill.

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