Another cryptocurrency is Litecoin (LTC), which is similar to Bitcoin but varies in terms of scalability. Litecoin is also a very popular altcoin and LTCUSD is a fork of Bitcoin (BTCUSD), copied from Bitcoin’s code and with some changes and launched a new project. Normally the country of residence of the broker would provide the regulatory authorities under which they would fall. This website is using a security service to protect itself from online attacks. The action you just performed triggered the security solution. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data.
- It’s really easy to criticize because we can always be dissatisfied with something or want something more.
- The fact that AAFX is not currently regulated by any government body may be of concern to clients, especially given the high-risk nature of leveraged trading.
- The managers of the company warned me that using a large leverage is dangerous, but I use it only in those transactions of which I’m sure.
- AAFX Trading offers the MT4 as its trading platform coupled with a variety of third party trading tools.
I made my first withdrawal on Friday and have now written a review. The money came within one day, so it’s okay in that respect too. So, I can say that you can entrust it your money but don’t expect anything special. Here I got a wide range of opportunities to apply my knowledge. I have been saving ideas for quite a long time and now I have services thanks to which I can realize them. The broker is legally registered and regulated under its official business name AAFXTrading Company Ltd. by the Mwali International Services Authority (MISA).
Usually, the number and type of accounts that a trader can open with a broker company differ according to the broker or country in which they operate. Cryptos have become highly popular recently, and Bitcoin is the most popular among them. There are CFDs on Bitcoin available for trading with AAFX. Traders can speculate on Bitcoin vs USD and Bitcoin vs EURO prices.
You can get fixed spreads on Fixed Spreads account and variable spreads on ECN account. AAFX Trading is able to cater to traders from around the globe by having headquarters in several locations. aafx reviews By setting up shop in more than one country, they are able to essentially offer several versions of their services, each of which meet the requirement of a specific location.
But long-term trades have become the best option, which I still use today. Yeah, I know what you mean) I love trading for the same reasons. I’ve been trading with the aafx for six months now and I’ve felt how much my level of trading has increased. I also like the fact that aafx has its own bonus system, it isn’t usually that common thing. When you are with the right brokerage, it is much easier and faster for you to learn, which is why I’ll continue to trade with aafx. If you like your spreads to be fixed regardless of market conditions, I would recommend fixed spread account.
Deposits and Withdrawals
As for a minimum trading deposit, it’s fairly big only for VIP clients ($20000). The two remaining accounts can be opened with just $100. As for me, I chose an ECN account for its low 0,6 spreads. By the way, all trading accounts here are commission free, which may be attractive for many people.
Calls can be made directly or through a callback request. Alternatively, traders can chat them through their Facebook page. AAFX Trading accepts deposits through major debit and credit cards, wire transfer, MoneyGram, Western Union, FasaPay, WebMoney, Netteller, Skrill, Payza, and Perfect Money.
Such a variety of promotions so it’s a great sound for newbies. They can increase their equity with different options and trade bigger volumes. It’s a win-win situation for traders and the broker. Initially I was stuck due to the number of different pages with bunch of information on the site.
Educational & Trading Tools
You can try whatever account you want, or whatever platform you want… It’ll contribute to your experience. Trading with fixed spreads isn’t similar to trading with floating ones. The platform also works like clockwork – no freezes, orders are opened and triggered cleanly and without delays, I advise everyone.
Which trading platform should a beginner with little trading experience choose?
The broker wants to be convenient for the client, not for Uncle Sam (or for aunt Merkel). AAFX Trading has several types of trading accounts with fixed and variable spreads. It all depends on the trading strategy that you are interested in. So the range of assets and trading conditions is large, while the high level of leverage offers flexibility for different trading methods. MT4 and MT5 platforms are available in several versions for any type of gadget.
Dangerously risky withdrawal process
However I will mention high leverage and the absence of commissions as the main ones. AAFX is a legally registered forex broker located in Mwali, regulated by the Mwali International Services Authority (MISA). Asktraders is a free website that is supported by our advertising partners. As such we may earn a commision when you make a purchase after following a link from our website. Lastly, you get your Equity or stock indices which are actual stock market indexes. They measure the value of a specific unit of a stock market.
But still, I think good training is important for every broker. Otherwise, I totally agree, AAFX does offer a large set of assets combined with high leverage. I think it could go up to 1 to 500x but that could be of course subject to change depending on your jurisdiction and the asset you are looking to trade. And even though you could possibly get 500x, it does not mean that you have to use it on maximum. You don’t want to blow up your account in one single wrong trade.
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Plus, this company provides good bonuses on deposits – thar’s something that not every company will offer. But the most important is that, unlike others, this broker is already familiar to me, and starting to work with a new company that is yet unverified is quite a risk. 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. This is the first broker that withdraws money within 30 minutes.
AAFXTrading does not hold regulatory licenses from European, North American, Asia-Pacific, or Middle Eastern regulatory bodies. It is always possible to sustain a loss of some or all of an initial investment. All accounts are commission-free, and there is relatively high leverage available on many instruments. AAFX Trading offers clients a range of advanced trading platforms that cater to the needs of different trading styles.