But the salaries are 6-10 times lower there, so people live poorer. People from poor countries simply couldn’t get into the rich ones and earn as much As americans or Europeans do. Look, traders in Kenya or Malaysia trade in the U.S. stock market, earn the same money as traders from the U.S., but live in countries where almost everything is 2-4 times cheaper.
I commend AAFX Trading transparency.
AAFXTrading is suitable for all traders, regardless of their experience level, and provides a safe and secure trading environment. As mentioned above, there are several account types for clients to choose from, including Fixed, ECN, and VIP. Fixed and ECN accounts tend to be the most popular, due to the low minimum deposit requirement and straightforward trading conditions. The VIP account is for serious traders, requiring a minimum deposit in the amount of $20,000. I don’t mean to sound rude, but I have an economic background, I traded with a very famous American broker at one time, so I can explain everything in detail.
AAFX Trading Customer Protection
Due to the volatility of BTC, anything can happen in that period of time. In my case, by the time my transaction was confirmed 36 hours later, I had lost 10% of my money. Please be aware that withdrawals from Aafx (until they increase their blockchain transaction fees) are dangerous and you can lose a large portion of your capital in the process. From stat-arb and trend-following CTA to fixed-income relative value. Firm’s he has worked at include big banks like Citi, and prominent hedge funds including D.
AAFX Trading Highlights for 2024
- They can also visit their offices through the listed addresses.
- However, the broker does not provide any compensation scheme.
- The brokerage offers attractive trading conditions for that approach, so I got nothing to complain about.
- This selection of options is sufficient for mobile-based trading.
- Leverage does play a role, so keep this in mind as well.
The broker is known for its user-friendly trading platform, a diverse range of assets, and competitive trading conditions. There are slight differences as Retail currency traders use these brokers to gain access to the 24-hour currency market for theory purposes. Forex brokers can also provide services to not just individual traders, but also provide for institutional clients and large businesses, for example, investment banks. Good customer service is super essential for growth and attracting new clients. AAFX understands this well and provides 24/5 customer support. The support is available in over 20 different languages, and the team of customer support agents is accessible via email, live chat, or over the phone.
Where is AAFX Trading based?
The company cares about its audience and wants to create a comfortable trading environment for people with different religious beliefs. The technical support service also works competently and quickly. When I opened a VIP account I had a lot of questions about the offered conditions. I rarely change brokers for trading, but I often try new conditions. I am looking for the best conditions like all traders.I found out about AAFX Trading by accident after watching a blogger review on Youtube. I decided to check the reliability and made a minimum deposit of $ 100.
AAFX Fixed Spread Account
I am sure that you need to switch to an ECN account when you are already good at trading and understand at what point the spread can expand to a large value. When you start out, I advise you to trade with fixed spreads. ECN Account is the second account type offered by AAFX Trading. ECN Account has almost the same features other than spreads with Fixed Account. The spreads on ECN Account is variable and could narrow as small as 0.3 pips on EURUSD. In addition to the spreads, you are charged with a certain amount of commission for each executed trade.
AAFX Deposit & Withdrawal
We have determined that their platforms have the highest standard of encryption and hence, cybercriminals cannot intercept web-traffic and steal billing details. Moreover, this broker only transacts with reputable financial institutions. Asktraders is a free website that is supported by our advertising partners.
The EasyMarkets signup bonus is structured as a + 50% or up to USD 2000 bonus program. AAFX Trading does not charge inactivity fees, but it’s best to check with the broker for the most up-to-date information regarding any other fees. AAFX is authorized and regulated by the Financial Services Authority of St. Vincent and the Grenadines. However, the regulator is known to be less than strict, and there are no other regulatory entities that supervise the broker. This means that the safety level is not very high with this broker. AAFX Trading is not a secure Forex broker since it does not hold a license from any worldwide serious Forex authority.
I haven’t made a real deposit yet, I’m planning to deposit the money a little bit later when I will become an experienced trader. So far I like everything, especially service provided by tech support. Despite the fact that I haven’t made a deposit yet, they still treat me as a client, help me with everything and consult on different moments when I don’t understand something. This kind of attitude is convincing me that I made the right choice, I would like to continue trading with Aafx. I started trading following the recommendation of my friend. Today there are many brokers work on forex and it is very difficult to make a correct choice.
After a while, I build my first deposit and of course tried to help my friend to change his system. Unfortunately, he was not interested in education and selfdevelopment. He thought he can earn big money and then chling on a private island. With the few weeks I have spend on here, I can approve their messages too.
We believe that there are better options out there for social trading. AAFX is a registered but unregulated forex broker based in Saint Vincent and the Grenadines. Its leverage is among the highest available, making it suitable for clients interested in trading with the highest stakes. This article will give an analysis of the spreads and leverage offered by AAFX with an objective overview, which is vital before you decide where to invest your money.
Companies can ask for reviews via automatic invitations. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews. What a COMPLETE joke…..the spreads are INSANELY BAD. I have documentation of spreads that are taken identical side-by-side trades with AAFX and BlackBull Markets.
Technically, nothing prevents you to do this, but if you manage to closed it profitably for less than sixty seconds, the broker will take your profit. However, many scalpers hold their trades for a longer period, so this problem is not for everybody. This broker is certainly famous for providing traders with a huge choice of trading platforms and account types. Undoubtedly, some traders don’t need them at all, and they trade with companies that offer one platform and one account type.Still, there is a certain advantage in having such a choice. You can try whatever account you want, or whatever platform you want… It’ll contribute to your experience.
I traded by myself the first year and unfortunately, I haven’t reached desired success in that field, all the time I was trading near zero profit. 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.But be careful with it, it’s a double-edged sword. If you do not consider the extreme size of leverage, everything is OK.Trading conditions can make trading profitable. Initially I was stuck due to the number of different pages with bunch of information on the site.
The key advantage of CFDs is the access to significant leverage, which is typically not available when trading other instruments. Consequently, CFDs are especially popular for short-term trading. AAFX Trading provides competitive aafx trading review spreads for Apple and Tesla at its Fixed Account. The spreads for Gold are medium, while spreads for other instruments I measured are high. Additionally, the broker also doesn’t charge any non-trading fees.
AAFX Trading has a rating of 4.8/5 on TrustPilot after 50 reviews and 3.5/5 on Forex Peace Army after 66 reviews. Most of the reviewers are happy with this broker’s easy to use platforms, customer service, spreads, educational resources and withdrawals. Even so, there are several complaints about its tedious verification https://forexbroker-listing.com/ process. AAFX Trading is an off-shore forex broker and I’m typically very vigilant about off-shore forex brokers as you know. And of course, AAFX Trading could be an alternative for residents of the US who are searching for a higher leverage. The Broker is one of the few offshore forex brokers accepting US clients.
The ‘Fixed’ account type is commission and swap-free, offering fixed spreads. Expect the spreads to be on the high side, as spreads will be what the broker profits from when waiving commissions and swap fees. Well, any brokerage company may be considered unsafe if you do not understand the user agreement or the services of the company. And this is true because we always want to make great profits, but we’re not always ready for the fact that we will have to work very hard to achieve results. Despite the fact that this company can save money on some technical issues.