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July 25, 2023

AAFX Trading Review And Rating

MetaTrader 4 (MT4) was released in 2005 and MetaTrader 5 (MT5) was released in 2010. Yes, they look like old windows programs, but they can easily run on old computers as well. MetaTrader’s platforms can smoothly run on even low-budget devices and they are reliable and trusted.

  • When talking about financial transactions on AAFX Trading, “closing a position” refers to carrying out a trade that is the polar opposite of an AAFX Trading open position.
  • Traders have access to a wide variety of financial markets via the AAFX Trading trading platform, including foreign exchange (Forex), indices, commodities, stocks and CFDs.
  • AAFX Trading offers all its clients negative balance protection, ensuring that they cannot lose more than the balance in their trading accounts.
  • This shows that AAFX Trading is committed to providing excellent customer service to their clients, continuously working to improve in this area.
  • AAFX may appeal to active traders seeking diverse instruments and high leverage but may not be ideal for those prioritizing regulatory security.

Is FP Markets Broker Safe?

AAFX Trading is a market leader in customer service, offering its customers first-class products and services in more than 20 different languages. In addition to Forex, AAFX Trading offers to trade on its platform with energy carriers such as oil and precious metals such as gold and silver. It should also be noted that the broker recently began to offer bitcoins upon request, and investors can trade cryptocurrency against major currencies. Trading CFDs is best for speculating short and medium-term as you can go short or long, use leverage, and trade more liquid assets. On the other hand, real shares are better for investing long-term as you do not pay rollover fees. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

Most funding methods are instant, but withdrawals may take several business days. Once your account is funded, download the trading platform of your choosing and you are good to go. AAFXTRADING is targeted at the traders who prefer to work directly with the liquidity providers.

MT4 comes with advanced technical analysis tools, including over 50 indicators, custom charting tools. AAFXTrading.com also has a training centre with video tutorials that will help novice traders learn the basics, which in the future will help to trade in the financial markets successfully. He has a very fast and easy registration process, backed up by the regulatory framework in the framework of registration legislation. Margin trading is available, automated trading is allowed, and access to MetaTrader (MT4) and MetaTrader (MT5) is offered which is similar to other account types. However, in order to open this account type, traders need 20,000 USD minimum initial deposits. Traders have access to a wide variety of financial markets via the AAFX Trading trading platform, including foreign exchange (Forex), indices, commodities, stocks and CFDs.

The broker provides the following methods of contacting customer support:

So simply use the same method that was used for the deposit and you should have no problems from there. Between 74-89% of retail investor accounts lose money when trading CFDs. The opening of a AAFX Trading brokerage account is a very straightforward process. You will be required to present a valid form of identification to AAFX Trading as well as a valid form of residence before your identity can be verified by AAFX Trading. You will also be required to provide a recent bank statement or utility bill to AAFX Trading in which your full name and address are presented in a legible manner.

What are AAFX deposit and withdrawal options?

AAFXTRADING is an STP and ECN broker, which was founded in 2014. The broker is headquartered in Hong Kong and has offices in Australia and in Saint Vincent and the Grenadines. AAFX Trading Company Ltd is a registered online trading broker with the company number IBC , based in Saint Vincent and the Grenadines. AAFX Trading provides comprehensive training materials for both beginners and experienced traders. For beginners, a library of short video courses called the “Education Center” is offered.

AAFX Trading compared with alternative brokers

Given the high volatility in the cryptocurrency market, customers inevitably experience significant gaps between the closing on Friday and the opening of the market on Monday, since the market opens every week. Traders have access to trading 62 FX pairs, 13 commodities, 11 indices, 2 cryptocurrencies, and 64 shares as CFDs. Keep in mind that MT4 doesn’t support multi-asset class trading, so for those looking to trade assets other than FX, we recommend going straight for MT5.

aafx trading

When the price reaches that level, the stop-loss order is executed by AAFX Trading. According to the financial regulators that monitor AAFX Trading, the order is intended to put a cap on the amount of money an AAFX Trading investor can lose on a particular financial position. If the market moves against you and your AAFX Trading account margin level percent reaches a certain level, AAFX Trading has the option to close any open positions on your AAFX Trading account. This causes a AAFX Trading margin call to be issued, and if further losses occur, the AAFX Trading account could reach the liquidation level. In order to minimise the additional risk to your AAFX Trading account, your position with the greatest loss will be liquidated first. Customer support is available 24/5 and can be accessed through email, phone, or live chat, with multilingual support available.

TopBrokers.com will not accept any liability for loss or damage as a result of reliance on the information on this site. Forex pairs, cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money.

  • AAFX Trading Company Ltd is a registered online trading broker with the company number IBC , based in Saint Vincent and the Grenadines.
  • AAFX Trading allows traders to trade more than 250 different financial instruments, including .
  • The clients of the company can work with currency pairs and CFDs on stocks, equity indices, energies, precious metals, commodities and cryptocurrencies.
  • The company has a team of experienced professionals passionate about the financial markets, providing clients with excellent service and trading conditions.
  • In order to abide by the religious law of Islam, the accounts do not charge traders with interests when keeping positions open overnight.

Forex offers include more than 60 currency pairs, consisting of all major directions and several exotic ones. Also, this broker allows all forex trading strategies and offers an average execution speed of 0.15s. For example, scalping and hedging are allowed, and you can participate in automatic trading, as well as the broker has spread for transferring the position to the next day. Regarding Islamic trade, AAFX Trading offers a cashless account that is fully compliant with Sharia law.

Platform review

In addition to these lot sizes, AAFX Trading also offers the option for traders to trade fractional lots, which allows for even more control over trade size. Fractional lots allow traders to trade with specific unavailable aafx trading review trade sizes with standard lot sizes. This can be particularly useful for traders who want to implement specific risk management strategies.

In the event that the stop-loss or take-profit price is currently too close to the current price, the message “Invalid S/L or T/P” will appear on the AAFX Trading trading screen. The company has grown over the years to become a well-established forex broker, and it is regulated by the Financial Services Authority (FSA) in Saint Vincent and the Grenadines. AAFX Trading customer service agents are available Monday through Friday from 24/7. This broker has its headquarters in the Grenadines and offices in Malaysia and Hong Kong.

Category: Forex Trading
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