AAFX is a legally registered forex broker located in Mwali, regulated by the Mwali International Services Authority (MISA).
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 is a forex & CFD broker based out of the offshore jurisdiction of Mwali, an island that is part of the Comoros Union, with additional offices located in Hong Kong and Sydney, Australia. The broker is legally registered and regulated under its official business name AAFXTrading Company Ltd. by the Mwali International Services Authority (MISA).
Unlike many other offshore-registered forex brokers, AAFX is not a member of any third-party dispute resolution organizations. Unfortunately, this could in many cases mean that there is nowhere to turn in case any issues arise when trading 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 Fixed account offers fairly wide spreads that start 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.
In addition to these two account types, AAFX also has a VIP account available for customers who deposit at least USD 20,000.
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, Bitcoin (BTC), 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 offers both MetaTrader 4 (MT4) and MetaTrader 5 (MT5), two of the most popular retail forex trading platforms in the world. These platforms are available for both PC, Mac, and mobile devices, as well as in a web-based version that can be used on any computer.
As always, choosing either one of the MetaTrader platforms 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 Hong Kong 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.
Speaking about my experience with AAFX, then trading cryptos here is full of pleasure, truly memorable and of course profitable pastime. I am a BTC trader, usually intraday, but sometimes open long-term positions, because it's quite promising especially knowing recent price hikes. As for intraday experience, no slippages whatsoever, orders are executed quickly, without any commissions and delays. Concerning my long-term adventure, then idk... I am still hodling it :)
All in all, AAFx is good, undoubtedly!
Have been trading for a while with AAFX Trading and so far no major complaints.
Would be great to have a tighter spread on aud/usd though.
I can say nothing special about the platform, because the website of the broker reflects all information in details. It's a cool solution for traders whether you prefer shares, forex, cryptos, commodities or whatever. Leverage can be as big as 1:2000 + no swaps and commissions. Safe haven for making good dough in case of prudent approach!
They sure know how to make it easy to start... low minimum deposit and up to 1:2000 leverage. That's great for expanding strategies. Also, variable spreads are mega competitive and beneficial.
I analyzed and compared many brokers and got to the conclusion that aafx trading suited me perfectly. It has certain peculiarities which one may indicate as drawbacks, but I ain't care at all.
No commissions and swaps. I like this approach to creating trading conditions. Broker knows how to please its customers.
The broker has one of the highest leverages I have seen a broker offer. But that is not what really attracted me to the broker, because I do not even use the max leverage. The trading spreads on the account are a very big selling point as well.
The list of trading instruments is extensive. It's not the biggest one that I know but with experience I realized that I don't have a lot of assets to trade.
It's just a marketing move for newbies. Ultimately I trade maybe five different assets at AAFX and I am completely okay with that.
The more interesting thing to have here is the high leverage option. It gives me the opportunity to research for more diverse trading strategies based on high leverage.
I thought that the claim on the official website that AAFX doesn't have commissions and swaps was just a marketing thing. But it turned out that even the assets like stocks or indices can be traded without commissions whatsoever. It's a very positive thing in the number of other pluses of the company. From my experience I would definitely recommend this broker to others who are in the forex industry.
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.
AAFX Trading offers some seriously good trading conditions, and this is where the pros of this broker are.
I appreciate brokers who are not charging additional trading fees, aside from spreads and AAFX is excellent in this regard. Even more, they decided to not charge swap fees for all of their clients, not exclusive only to Islamic accounts. Good job.
As for trading software, you can see that they are focused on the most popular trading apps - MT4 and MT5, which makes this broker suitable only for MetaTrader enthusiasts.
I was pleasantly surprised that I can get bonuses after I opened an account. Thanks to such bonuses I was able to start trading with some advantage.
There is a lot of things that I want to praise AAFX for. However I will mention high leverage and the absence of commissions as the main ones.
I embarked on a trading experience with AAFX Trading and was blown away by their incredible leverage options. As an experienced trader, I've encountered various platforms, but AAFX's leverage of up to 1:2000 is truly amazing. WIth such a leverage, the profits I take, even in a very short market move, are huge. Not bad.
I have been trading with AAFX for six months now and I have mostly good feelings about them. They have a variety of account types, trading platforms, and payment methods to, suit different needs and preferences. They also have low spreads, high leverage. I like their customer support. They are friendly, helpful, and responsive. They answer, my questions and solve my issues quickly and efficiently.
While it's not the type of broker that overshadow the rest, I can't find any pitfalls as well. Fair trading conditions, nice spreads, and an overall good broker.
Was a victim of AAFX investment scam some months ago myself. It was a sad experience for me.
I have been working with broker AAFX for 5 months, in general on the market - 7 years. This platform provides good trading conditions and an excellent range of courses for a variety of trading preferences. An excellent and responsive support team, and most importantly - adequate, you can immediately see people helping, and not pulling money out of our pockets. I have not met any restrictions or limits on different strategies, if they continue to hold this level, then I think to stay with them for longer.
Some folks think that it’s a unique brokerage service but I don’t think so. In my opinion, that’s an average broker. It offers a standard array of financial instruments, typical trading accounts and Metatraders. As for their 1:2000 leverage, I have already seen such leverage size with other brokers. Perhaps, the only unique thing here is their commission-free ECN account. But on the other hand, it’s compensated by a 60-second restriction on trades - you are not allowed to hold a trading position for less than 60 second.
On the other hand, I can’t say that it’s a scam. I didn’t catch it cheating me. So, I can say that you can entrust it your money but don’t expect anything special.
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. I comfortably hold my positions overnight. 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. When a broker withdraws funds for 8 hours, this is equally faster than other brokers. I find it challenging to find a better broker now than AAFX trading. This broker is one of the competent brokers to trade with.
That's more than I hoped for! For a last two weeks I earned more than I earned for a month with my last broker. Low minimum deposit, a high trade leverage, with no commission and swap. Instant withdrawals with use of credit card and electronic payment systems. Of course a lot will depend on your trading skills but I believe that low trading costs also matter in success.
That’s a very interesting broker for me and I don’t regret joining it. I associate this company with reliability. I’ve been working with this broker for half a year and there’s nothing to complain about for me.
I know that many people join this brokerage service solely to try their 1:2000. I personally don’t care about it. I favor lower leverage because I don’t want to take very high risks.
AAFX ensures a convenient hassle-free trading process and a possibility to withdraw earnings each time I need this. That’s what makes me trust this company and want to continue working with it.
This brokerage is good not only because of its high-leverage, that's only one among many advantages, but brokerage is also good because of its spreads and MT4/MT5 available. I haven't faced any issues with it during my 4 years of trading, so I think that's the sign of quality.
The broker has enough merits to choose it as a permanent place to trade, I think. I started trading with AAFX with only $100, which I invested in trading purely for the sake of testing. Overall, I was satisfied with the result, so now I have significantly increased my deposit.
First of all, I'm very satisfied with the training. Nothing out of the ordinary, but it helps to identify my weaknesses and learn the basics.
Secondly, trading with AAFX you are very unlikely to run into a shortage of assets to trade, I think the list that AAFX offers will satisfy even the most sophisticated trader.
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.
That's brokerage that 100% deserves attention.
I used to underestimate it, as its not so popular, but that was my mistake, don't be like me =)
AAFX offers usefull education and trading-without-issues. And there's MT5, that's strong advantage IMO.
AAFX seems to be a typical MT-oriented broker at first sight. Here we can observe a standard array of financial instruments that can be traded on Metatrader 4 and Metatrader 5. You don’t necessarily need to join AAFX just to try this because it’s available with many other brokers.
AAFX offers a welcome deposit bonus, which is not a unique thing too. 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.
Nevertheless, the broker has something to hold you tight. It’s 1:2000 that gives tremendous opportunities if you are good at forecasting the market. However, if you use it in the wrong way, you’ll easily burn your depo. I barely did it but fortunately the market reversed in the last moment.
This is a sub-platform. After I deposited the margin into the account, they suspended my account and prevented me from logging in to the platform. The first time I encountered such a rogue in foreign exchange, this platform gave a star to it.
I've traded with 3 different brokers, AAFX is the last of them. I switched because I was looking for higher leverage, my previous brokerage was offering 1:2 for crypto and 1:50 for Forex and CFDs. Such leverage is good for beginners but it's not enough if you want to trade a big sums. I had one friend that worked for hedge fund and he said that traders there are always using high leverage to increase liqudity.
AAFX offers 1:2000 leverage that's one of the highest leverage that I've ever seen.
However, brokerage is not only about leverage. The rest of the things are not so outstanding. If trading okay, then training leaves much to be desired. No, you can learn something, but this is clearly not the way you can grow from a noob to a professional.
Well, of course I was attracted here by a large leverage, I was just delighted when I saw the range to 1:2000, although I did not understand what I can do with it. But the interest was just unbelievable. In practice it turned out to require some knowledge and experience, but a little training on the demo allowed me to determine when it was really justified and I started trying it on real capital. Is it worth saying that this is what started to give me a great profit...
In general, it is quite comfortable to work with AAFX, the brokerage provides quite favorable trading conditions. I have been trading with it for almost a year, no serious problems have occurred neither in work nor with withdrawal for all this time.
In terms of trading conditions, everything is also good - there is an app for mobile trading, several types of accounts, and low spreads.
Most of all I liked its bonus system at the broker. I don't consider the bonuses something very important in trading, but I still enjoy getting them)) Not every broker makes trading conditions so profitable, and I don't know why. But AAFX do share with quality trading conditions with its clients and it is very nice of it))
Although, there is a small disadvantage. I wrote about a mobile app for trading before that. It isn't very convenient, not all functions are supported. I would have worked on it a little if I were a brokerage.
There is a possibility to trade Bitcoin, popular stocks, currency pairs and many other assets here. Traders can choose leverage from 1:10 to 1:2000! It makes possible boosting the profitability.
Personally, I like working with AAFX. I've been trading with it for about six months, maybe a little longer. And so far everything is great, I haven't found any significant disadvantages in the brokerage work. And I like its trading conditions very much: big leverage, convenient trading platform and there are Expert Advisors. So far, AAFX is the most adequate broker that I have worked with. And it isn't only about the trading conditions, but also about the broker's approach to the trading itself. It seems to me that with it I myself have become more serious about trading and experience more benefits from the process itself))
I'm using high leverage in my trading and I can say that AAFX Trading is the only one brokerage that offers such high leverage. I've never met brokerage with as high leverage as 1:2000, AAFX is really unique in this regard.
I chose this company because you can try all kinds of spreads here, and I really liked fixed spreads, trading became more dynamic. And the training materials here are very interesting.
I love trading, because I have never done something like this before, which would bring such great income and complete freedom of action.
I didn't find myself here right away, well, actually, because I wasn't immediately interested in Forex either. But then I realized that this is the most convenient for me option of trading. I do not use a large leverage here, I no longer stick to the classic option. But fixed spreads interested me immediately, it helps perfectly with short-term positions, and I periodically take bonuses to strengthen my capital.
I think that some assets here, like XAUUSD, bitcoin and some other could have had better spreads. Yet. for currencies trading this is probably the best offer ever. The broker is reliable, have been trading here long enough, no catch. Good company, perfect attitude to customers. Risky leverage policy to keep in mind though.
I prefer to trade with AAFX for a lot of reasons. I like that this broker as it provide a lot of advantages. I use a large leverage, this allows me to trade in a large market and make huge transactions. 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 provides me absolute freedom, as I can use small or large leverages on my own decision, broker doesn't restrict me. Other features are also good, especially withdrawal time, usually I get my money in 24 hours.
AAFX is a SCAM BROKER!
I have started my trading with AAFX almost 2 weeks ago and my account number is 2132579007. On Friday 27th Mar-2020 I have traded in DOW JONES (30 CFDs). AAFX accepted my trading orders and market moves in my favor and when it closed on Friday night those positions were in profit around 3000 to 4000 USD. On Monday market opened in downside gap and my positions were in profit of 18000 USD, but they have deleted those positions and blocked my trading account. Then I came on live chat with them and they totally refused to facilitate their client and challenged me to do what can I do, they will never put those positions back into my account.
AAFX have done a huge scam with their clients and hold their profits. So whoever read these comments please don’t do any kind of trading with this Forex Broker because they only wants their clients in loss. And luckily if someone takes profit from market they will delete your profit positions.
I don’t have a tiny bit of trust to brokers who offer fantastic tariffs, excessive bonus programs or promise to make you rich in a snap of fingers. AAFX is just an ordinary broker with a wide variety of tradable instruments including crypto and commodities apart from forex. Their support answers in a timely manner and in my experience every problem and question gets resolved within minutes. Work with the US customers, which is a big plus in my opinion.
AAFX is a reliable broker, I didn’t have any problems with them not even once. I’m trading, withdrawing the money from time to time, everything is ok. And the spreads here are quite good, sometimes I check other brokers conditions and so far I didn’t find anything better. That’s why I’m staying with AAFX)
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.