Trade Broker Review

AAFX Trading is ranked as a best forex broker, best stock broker, best cfd broker, best crypto broker and best online broker categories.
The broker offers commission-free and highly leveraged trading along with daily market news, technical analysis and educational material.

LEVERAGE – retail 1:2000
LEVERAGE – global / pro 1:2000
SPREAD – standart account From 0.6 pips
DEPOSIT/FUNDING OPTIONS Bank transfer, Credit/Debet card, Electronic wallet
WITHDRAW OPTIONS Bank transfer, Credit/Debit card

AAFX Trading was founded in 2010 in St. Vincent and the Grenadines with the vision of excellent customer service and trading conditions. The broker provides over 250 trading instruments, multiple payment options, good trade execution speed and no commission on trades. The broker also maintains offices in Australia, Hong Kong and Malaysia. The website is available in over 25 languages.

AAFX Trading offers leverage of up to 1:2000 which is very high compared to other brokers, especially those regulated in Europe and America. The broker also offers ECN trading with competitive execution speed, spreads and no commissions.

AAFX Trading is registered in St. Vincent and the Grenadines (SVG). It is a trademark of AA Business Solutions BHD which is licensed and regulated by the Financial Services Authority of the St. Vincent and the Grenadines (FSA SVG). The broker is also registered in Malaysia and Hong Kong.

All client funds must be held in separate bank accounts from the broker. The accounts are held with the best European banks that are well established, strong and reliable. The reason for separating the accounts is to prevent the broker from mixing customer deposits with his own funds.

The broker states that they make sure that clients do not lose more money than they have deposited. They try to achieve this by implementing an automated risk management tool throughout its trading system.

To ensure a secure trading environment, AAFX Trading has implemented Secured Socket Layer (SSL) technology on all of its platforms, payment processing gateways and website. This SSL technology prevents hackers from accessing clients’ bank details, credit card information and other sensitive information as it is transmitted to the servers.

AAFX Trading requires all clients to identify themselves through the Know Your Customer (KYC) procedures. Hence, at the time of registration, clients are required to upload identity documents such as government-issued ID card and utility bill.

In addition, the broker has embraced anti-money laundering (AML) laws that prohibit using the broker to transfer stolen money or to fund terrorist operations. To this end, credit card users must upload an image of the card before using it. No cash deposits or third party transfers.

42 Forex currency pairs (including major, minor and exotic crosses), 11 indices, 1 Cryptocurrency, 197 stock CFDs, oil, stocks, 15 commodities, gold, silver and other precious metals for your personal investment and trading options.

AAFX Trading has not provided information on its website regarding the countries from which it can accept clients, but it does accept US clients. Some AAFX Trading broker features and products mentioned in this AAFX Trading review may not be available to investors from specific countries due to legal restrictions.

AAFX provides investors with the popular MetaTrader 4 and MetaTrader 5 platforms completely free of charge for desktops, web browsers and mobile devices for trading on the move.

MetaTrader 4

  • The MT4 platform is known for being fast, reliable and extendable with plugin applications. It comes pre-loaded with tools for order management and market analysis. The MT4 platform is available on all devices as it is presented as follows:
  • WebTrader: This version is accessible via a link from the AAFX Trading website. It is built on html5 and therefore works on all web browsers regardless of operating system or device.
  • MT4 is available on Windows computers as a downloadable desktop application. AAFX Trading also has a downloadable version for MAC OS.
  • Mobile: This version is downloadable on Android and iOS devices.

Here are some of the main features of the MT4 trading platform:

  • Fully customisable layouts, screens, charts, windows, etc.
  • Complex charting capabilities in 9 time frames.
  • Up to 30 technical indicators and 24 analytical tools.
  • Supports one-click order entry.
  • With the embedded MetaQuotes Language (MQL) editor, clients can create and implement their own trading robots to automate their strategies and trades.
  • From the embedded market tab, investors can access the MQL marketplace where they can purchase EAs, indicators and other plugin applications that will add further functionality to the MT4.
  • Alert notifications via email, SMS and platform pop-ups.

Mobile trading platform

The MT4 mobile application is available for iOS and Android devices. The applications can be downloaded from the respective App Stores. This is the only mobile trading platform available to AAFX Trading clients.

AAFX Trading account types depend on the investors’ capital, preferences and experience. All trading fees are incorporated into the spread. There are no commissions.

Fixed account: The minimum deposit is $100 and the maximum leverage is 1:2000. The fixed spread starts at 2 pips on major forex pairs.

ECN Account: Variable spreads are as low as 0.2 pips on all major forex pairs. The maximum leverage is 1:2000 while the minimum deposit is $100.

VIP Account: This account was created specifically for high net worth investors who want the best trading conditions. The minimum deposit is $20,000 and investors have access to ECN with raw spreads. No commissions are applied and no swap fees are charged. AAFX Trading only makes profits from thin spreads. Leverage is up to 1:2000 for accounts below $250,000 and 1:1000 for accounts above $500,000. Account holders have access to consultations with AAFX Trading analysts, including the Chief Market analyst.

All AAFX Trading accounts are swap-free and therefore there is no need for separate Islamic accounts. Free demo accounts are available and can be easily created from the website.

Since the broker’s commissions can vary and change, there may be additional commissions. It is imperative to make sure you check and understand all the latest information before opening an AAFX Trading broker account for online trading.

Several payment options are available. The MT4 platform is reliable and takes care of the trading needs of most brokers. AAFX Trading allows all trading styles and strategies, including the use of EAs, scalping and other trading systems. News and market analysis are provided along with training videos to help those new to trading.

Nevertheless, the $50 withdrawal fee charged on bank transfers is very high compared to other brokers who do not charge anything. The broker also does not provide social trading platforms or managed portfolios to help investors. Furthermore, many investors disapprove of offshore regulations because they feel they are not as reliable as those of ASIC, CySEC or FCA.

AAFX Trading customer support is always accessible during forex trading hours, Monday to Friday 24 hours a day, 5 days a week. You can achieve support on phone and email. Instant chat is available on the website. Customers can also chat with the support team on Skype. On social media, they are on Facebook, Twitter, YouTube and LinkedIn.