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As specified on the company`s official website, AAFXTrading is a market leader when it comes to customer service. The broker offers traders first-class products and services in more than 20 different languages. On the website, it also stated that AAFXTrading is a fully licensed and regulated company. However, we were unable to find any information about the regulatory authorities. The broker is part of the trading group AAFX Trading Company Ltd., incorporated in Saint Vincent and the Grenadines under the registration number 22916 IBC.
Trading conditions
Investors can trade more than 200 instruments such as Forex currencies, stocks, indices, commodities, metals, and cryptocurrencies. However, the company keeps on adding new assets to the list. The broker provides access to several trading platforms, including the most popular MetaTrader 4 platform. Among the advantages, the broker charges no commissions and fees, as well as requires an available initial deposit of $100. The leverage is 1:2000 which is rather high. AAFX Trading provides a welcome bonus of 35% on the first deposit. There is also an affiliate program. A partner will be awarded $20 of remuneration for each attracted client.
AAFX Trading gives a choice of three types of Forex trading accounts: Fixed, ECN, and VIP. Traders choose an account based on their trading experience. Clients can also try their hand at a demo account. The features and advantages of each type of real accounts can be found on the broker`s website.
On the AAFX Trading`s website, the Educational center is available. It contains training materials and selected books on self-education. In addition, the broker posts analytical reviews on its own YouTube channel.
Trading platform
AAFX Trading offers clients the time-proven MetaTrader 4 trading platform as well as the latest version of the MetaTrader 5 software. On the broker`s website, there is a subsection "MT4 vs MT5", where you can get more detailed information about the key differences between the MT4 and MT5 platforms. You can also download desktop versions of these platforms.
Support service
AAFXTrading`s support service is available 24/5. Besides, the broker has representative offices in Hong Kong, Saint Vincent and the Grenadines, and Australia. On the website, you can find emails of various departments of the company (support service, marketing department etc.), and a commonly used email address. Traders can contact the broker via Skype and live chat.
Deposit and withdrawal of funds
AAFX Trading offers a wide range of payment methods: wire transfers, credit/ debit cards, and online payment systems such as Skrill, Neteller, FasaPay, Webmoney, SafeCharge, and Wire Transfer. The minimum deposit and withdrawal amounts are $100.
Feedback
There are various comments about the broker on the Web. Traders praise the broker for the lack of commissions and fast order execution. Moreover, the company gives access to MT4 and MT5 innovative trading platforms. The biggest drawback of this broker noted by the clients is the blocking of trading accounts without any explanation.
Advantages and disadvantages
Pros:
- large array of trading platforms
- affordable initial deposit
- bonuses and affiliate programs
- demo account
- wide range of trading instruments
Cons:
- no information about the regulator
- negative comments from traders
Conclusion
We emphasize once again that AAFX Trading does not provide clients with information about the regulator and license. The lack of regulatory authority stirs up mistrust to the company. Moreover, many traders complain about the blocking of accounts and, consequently, the inability to withdraw money, which may also spook off clients.
We remind you once again that you should open an account with a broker whose reputation does not raise doubts. Before starting cooperation with a company, read feedback on the Internet. Attractive trading conditions and luring promises cannot guarantee the reliability of the company. Thus, think twice before making a decision.
