AAFX is a legally registered forex broker located in Saint Vincent and the Grenadines, but not regulated by any government agency.
AAFX accepts clients from all over the world, excluding some jurisdictions where restrictions apply.
Forex broker offers the following underlying assets for trading.
|40+ Currency Pairs||Based on major and minor world currencies.|
|1 Crypto Pair||Based on Bitcoin.|
|11 Indice CFDs||Based on baskets of different blue-chip stocks.|
|5 Metal CFDs||Based on Gold, Silver, Platinum, Palladium and Copper.|
|3 Energy CFDs||Based on Crude Oil (WTI, Brent) and Natural Gas.|
|8 Soft CFDs||Based on Cocoa, Coffee, Corn, Wheat, Sugar, Soybean, Cotton, Rice.|
|200+ Stock CFDs||Based on shares of US, UK and EU companies.|
AAFX Trading is a forex & CFD broker based out of the popular offshore jurisdiction Saint Vincent and the Grenadines, and registered under the business name AAFXTrading Company Ltd. In addition to being headquartered in Saint Vincent and the Grenadines, AAFX also has registered offices in Malaysia and Hong Kong.
Despite stating on its website that “AAFXTrading.com is a fully licensed and regulated company,” we do not agree that this is entirely true. First of all, Saint Vincent and the Grenadines does not regulate forex brokers at all, but instead allows them to simply incorporate there as a business. In addition, the local offices in Malaysia and Hong Kong are not regulated by any government agency either.
Unlike many other unregulated forex brokers, AAFX is not a member of any third-party dispute resolution organizations. Unfortunately, this means that there is nowhere to turn to in case of any problems with this broker.
New traders signing up with AAFX have the choice to open a “Fixed Account” or an “ECN Account,” with either USD, GBP, or EUR as the base currency. The main difference between these is that the ECN account offers much tighter spreads that are variable, while the ECN account offers fairly wide spreads that starts from 2 pips. Notably, both account types still offer commission-free trading.
The minimum deposit to get started trading is USD/GBP/EUR 100 for both account types.
AAFX offers all clients access to its full selection of trading instruments, regardless of the account type they are trading with. This includes diverse assets such as more than 40 forex pairs, cryptocurrencies, more than 200 stocks, a range of stock indices, and many popular commodities.
With this broker being based in a typical offshore jurisdiction, trading leverage is also extremely high at up to 1:2,000. With such high leverage, extreme caution and discipline must be exercised when trading, as even slight price moves can wipe out an entire trading account.
To welcome new traders, AAFX has launched a bonus program that gives out a 35% “welcome bonus” on top of the trader’s initial deposit (minimum USD/GBP/EUR 500). Take note, however, that there is a long list of complicated terms & conditions that govern the bonus payout, which makes it more or less worthless in our eyes.
In terms of trading platforms, AAFX has chosen to go down the most standard path by focusing only on the MetaTrader 4 (MT4). This platform is available for both PC, Mac, and mobile devices, in addition to as web-based version that can be used on any computer. As always, choosing MT4 as the trading platform makes the transition from one broker to another easy, and it is therefore often a preferred choice among smaller forex & CFD brokers like AAFX.
AAFX’s website is seemingly available in a range of different languages, but these are all Google translated from the original English version. Occasional mistakes should therefore be expected when viewing the website in another language.
The broker’s customer support is available via two local phone numbers in Switzerland and Australia, or via live chat on the website. According to information on the broker’s website, support is open 24 hours a day on all trading days.
I’m trading with this broker only because of the swap-free accounts. I like to open long term deals and it is not profitable with swaps. With AAFX Trading you can open an account without swaps and as a result, you can keep the deal opened as long as you want, it will not entail any additional spending.
The platform itself performs normally: MT 4 like MT 4. I made withdrawals two times, for the first time just to test, the second one is already normal. Both times I used Skrill, the money was accepted on the same day. I think, that the broker is good and decent; I will continue my cooperation with it.
It's been almost a year that I'm trading with AAFX, and now I'm finally all set to share my opinion. In general, I'm quite satisfied with the cooperation, and so far ain't planning to switch to any other broker. Of course, some might have better conditions, lower spreads etc., but it wouldn't make such a big difference. For example, the spreads on my ECN account are fairly low. 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. That's why I'm remaining loyal to AAFX.
Opened an ECN account with them and deposit small amount, $100 to test their executions. My plan was do news trade with this broker, because they claimed as ECN. To be honest, my news trade was executed perfectly. The spread are really tight with this broker, EURUSD is like there is no spread at all. Made some profits and some losses, got 700% profits, and decide to withdraw my funds, and recieved it fast to my skrill account. Good broker with good services. They are fair and not mess with your account when you made some profits. Many brokers manupilate during news which makes you believe that they are market maker. AAFX has been very nice in this case so far and I hope they will stay the same.
I must say, this is one of the best Forex trading broker for doing scalping & news trading! Besides, I enjoyed a lot their narrowest trading spread feature a lot. Sometimes I order long trades as well, so sometimes the spread has an influence on my trades. But, when I trade on GBPUSD and EURUSD, i don't spread at all.
AAFX trading is really good. When I visited the website for the first time - I saw many different opportunities. After I opened the account with them, it was a simple and user-friendly interface. To open a new account, to top up an account or withdraw the money, relevant promotions and so on. You just need to download MT4 and you can trade. Most of all I liked that the Terms and conditions section is in front of your eyes. Usually, brokers try to make it less visible.
I have been trading for a while now and I've researching for a good broker. AAFXTrading seems to have a very decent spread for the market and they offer 1:2000 leverage which is pretty crazy and help to make profits rapidly though the ECN account. Plus, while trading BTCUSD (Bitcoin - US Dollar) the swap and commision value is 0, which is perfect. Overall, I don't see any disadvantages so far.
AAFX has registration in St. Vincent and Grenadines, but it doesn't mean that the company is going to cheat its clients. The offshore registration is preferrable on account of taxes and the necessity to simplify the work. The point is, the American and European regulators have got way too many rules that only large banks can comply with. So what, shall you claim that all Forex brokers registered on islands are a scam? Well, then there will be just a couple of bank brokers left for you to trade in Forex. Their minimum deposit is $1000, and they have huge commissions - OK, well, good luck with that!
For me, the idea of trading with AAFX is so much better. In case you have any doubts, you can start with a minimum amount, then trade a little bit and make a test withdrawal - that's what I did with other brokers. This is a good way to find out who is a scam, and who is an honest broker. Just keep in mind - you shouldn't risk the amounts you cannot afford. This applies not only to Forex brokers but also to any active investments.
AAFX became a really great training springboard for me before entering the stock market. I’m thinking about investing in shares for a long period of time now. Before I trusted all my saving funds, but then I decide to invest by myself. Actually, in our country, it is a common thing to cooperate with the broker of the stock market, but of my friends recommended me to try trading through the forex-broker. Really, if you compare the conditions, you will see that here the commission is quite less and you can use leverage, totally free.
Comparing to the commission of the stock market brokers AAFX commissions are almost invisible. You can purchase the share and keep it as long as you want. As for now, I don’t see any sense to go to the investment funds furthermore, I liked MetaTrader 4 platform.
I'd like to share my impression of trading with AAFX :)
In general, I've got no complaints. The company does its job properly, the deal execution takes just a moment, there are no slippages nor other troubles. The only thing is, I'd like them to add more assets. The broker seems to have a vast list of CFDs but it is available only for the VIP-clients. So far I cannot afford to deposit $20 000, and in order to increase my deposit up to this amount I really need time :)
Apart from that, the trade conditions are generally satisfying. The ECN spreads are quite moderate and do not widen even in the transition between sessions. If you prefer trading with the popular currency pairs, there's no problem at all, but I like operating numerous assets so I'm waiting for the list to be expanded :)
AAFX is perfect for professionals. If you have experience in trading and know how and what to do, aafx will be an ideal option. They offer to enter ECN only for 100$ and spreads for major pairs 0,5 -1 pip – wow! But if you are newbie, be ready to learn everything by yourself - there is no education provided. I’m not saying, that it is terrible – I’m self-made. While others were playing with the sandboxes an attending webinar, I was testing strategies and making bots, which I created myself. I found all the information on the internet. The absence of the educational platform at aafx is not the disadvantage in this point of view.
For me, AAFX became the first forex company, where you can trade the shares of stock markets. To be precise, make a long term investment without receiving negative spreads daily. It was vital for me to find the broker, which allows trading CFD with the leverage. Opening the account with a regular stock market broker was not an option for me; it is much complicated to work with them. And here I can make deals on familiar platform Metatrader4. Additionally to that, there are available major currencies pairs, CFD and cryptocurrencies. I do not trade currencies, but I can say that AAFX has pretty attractive conditions comparing to the brokers I have evaluated.
Too bad, that the full list of shares is available only with $20000 deposit. I’ve been trading seriously and investing in stock markets for a while. That`s why it is not an issue for me, but it can push away some newcomers. I recommend a broker to reduce the barrier, and then it would be just perfect.
Beware of this broker, will let you draw small money to make you feel safe, but when you win enough and have enough balance, that's the end of you. Tactics include manipulating price to hit your SL, changing spreads that you cannot even imagine, and excuses that you used a cheating strategy. Join at your own peril.