Staying away from scam brokers is important for individuals who trade online. And, if you are worried about a AAFX Trading broker, go ahead and read the AAFX Trading review to prevent yourself from falling into dodgy practices. Because of AAFX Trading’s illegal activities, some of the regulatory bodies issued warnings against this broker. For example, the regulatory body of Hong Kong SFC listed this broker as unregulated and fraudulent.
Thanks to its simple interface and a wide range of analytical tools the program has gained popularity among brokers in many countries. The platform allows you to use two classic approaches for analysis – technical and fundamental. The first is represented by numerous tools, both basic and additionally developed by users. MT5 allows you to use several indicators and charts simultaneously, overlaying them on top of each other. The resulting tools can be saved as templates to simplify your work in the future.
Based on analysis and research, our fx reviews provide traders with the broker information they need to start their journey into forex. Having won the Best Broker Of Asia 2013 award from the Malaysian Investor Show AAFXTrading.com is a regulated and licensed company that specialises in commodities, stocks, currencies and CFDs. Dedicated to protecting their clients’ financial and personal details, this company uses up to the minute security systems and software to ensure optimal protection. AAFXTrading.com is incorporated in St Vincent & the Grenadines and is fully regulated and licensed there, operating in compliance with international standards. The company is also registered and incorporated in Malaysia and has an office in Hong Kong. In my opinion, aafx is a nice broker to deal with.
With aafx I got full freedom of action and it seems to me that I will continue to cooperate only with this company. In addition, there are no commissions and spreads are within 3 pips. I am the current AAFX client and I didn’t know they’ve got an offshore registration. It started bothering me now after I read the article.
Scammed by AAFX Trading? What to do?
It seems to me that it is very important to use the right categories and work more on yourself. Then you will succeed and you won’t have any illusions. AAFX Trading is an investment company specializing in stocks, commodities, CFDs, and currency trading through its incorporated and registered office in St. Vincent and the Grenadines .
This is a country or territory with special business conditions for foreign companies, usually with lower taxes and fees. Of course, I can say, “Oh, yeah, that’s bad, they don’t pay taxes”. But to what country should AAFX pay taxes on our money? Maybe it should pay them to the US or German government? Offshore is not a bad thing, it’s just the same country as the ones called “reputable” in this article. Now the economy has become global and any business chooses the jurisdiction that will allow it to provide the best services.
Is AAFXTrading a good and legitimate company?
Take your time to get accustomed to trading because this activity is different from the traditional business or traditional work. I don’t know what stage you are at, but I recommend you to do everything gradually like coming in the hot water. You’d better start with demo account, then you can trade microlots without any leverage, then you can start trading decent sums of money and if it is not enough you can trade with leverage. Surely, aafx offers great conditions for trading with leverage, but you shouldn’t use it in the very beginning without proper knoledge and preparation. Otherwise, you are highly likely to lose your budget and be left with nothing in the pockets.
- There is a normal common trading terminal, there is a clear withdrawal system, there are tools for analysis and popular assets.
- We are committed to the fair handling of reviews and posts regardless of such relations.
- This is why it is important to learn more about Aafx Trading before opening an account and sending money or submitting any documents.
I wanted to experiment with such spreads and I can say that my expectation was met. Such spreads don’t move during volatile session and makes my trading less nervous. I wonder how much it costs for the broker but it does it for us and I’m grateful for the opportunity to trade with fixed spreads. The broker is not ideal, although it has everything to be.
my weird experience with this broker
But there was one time when there were delays because of the limits on my e-wallet. This point was quickly cleared up with the AAFX support service. Although they could have refused because the AAFX has nothing to do with my purse issues.
Current global market trends can also be analyzed on the MT4 trading platform which gives inbuilt research tools. The majority of brokers will provide various kinds of market instruments for trading. A new trend that is picking up momentum is trading in cryptocurrencies.
But the fact is that the broker’s account is already good. To trade successfully with AAFX, you don’t have to open an account for $20,000, because on an account for $100 trading conditions aren’t worse, spreads are not raw but tight enough. This is the strong side of the brokerage, the rule “The more money you have on your deposit, the better trading conditions you have”- does not work here.
Trust in the Forex trading business is almost entirely founded upon regulation. We spend many hours evaluating the safety of each broker by delving into their fine print and confirming each one of their regulatory licences on the online registers. https://broker-review.org/ The more top-tier authorities a broker is regulated by, the higher its trust rating. At FxScouts, we help traders find the broker that suits their trading needs. In many cases, the best way to achieve this is to compare brokers side-by-side.
Also, they stated on the website that they have an office in Hong Kong under the name AAFX Trading Capital, which SFC listed as unregulated. Because of all this, we consider AAFX broker untrusted. You should consider whether you can afford to take the high risk of losing your money.
Any referrals to 3rd parties may have computational rewards. It is soliciting and/or accepting funds from U.S. customers and offering a product within the CFTC’s jurisdiction. A review by the Commission has revealed that this entity is acting in a capacity that appears to require registration, but it is not registered with the CFTC. The minimum deposit required to open an account with AAFX Trading is $100. Traders can use these tools and resources to help manage their risk, and also get access to educational material and other resources.
Ripple is also popular amongst large banks with the Ripple network a next group real-time gross settlement system. It gives a trader instant cross-border fund transactions at very low costs. Lastly, Bitcoin Cash was produced by the Bitcoin hard fork in 2017 as a new form of the blockchain with altered rules. AAFX Trading also offers their clients the Web Trader option, which allows the flexibility of trading from almost any device, without having to download or install any software.
Customer support is available 24/5 through Live Chat, Email, and Phone. Customer support representatives typically get back to clients within minutes. Help future customers by talking about customer service, price, delivery, returns & refunds. I’ve been trading with this broker for four years now. Lastly, you get your Equity or stock indices which are actual stock market indexes.
AAFX Trading is a regulated broker, it is regulated by the International Financial Services Commission of Belize. Normally the country of residence of the broker would provide the regulatory authorities under which they would fall. ForexPeaceArmy.com has advertising and affiliate relationships with some of the companies mentioned on this site and may be compensated if readers follow links and sign up. We are committed to the fair handling of reviews and posts regardless of such relations. Trading FX or CFDs on leverage is high risk and your losses could exceed deposits. So the tech support here always works at 10 out of 10.
It goes against our guidelines to offer incentives for reviews. We also ensure all reviews are published without moderation. Companies can ask for reviews via automatic invitations. Labeled Verified, they’re about genuine experiences.
All funding methods have SSL security and the company is licensed and regulated by the FSA. To successfully predict the price movements of an instrument, traders will need access to frequent market research and analysis. We find that research and market analysis are always better when they are produced in-house and updated frequently. Third-party resources don’t show the same expertise in trading ideas, so we place a strong emphasis on frequent in-house updates.