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 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.
I want to open an account with AAFX, right now I'm looking for the second broker. I will diversify the assets in order not to be tied by one company. As I noticed, AAFX has pretty good conditions, spreads are not large, especially on ECN (and I used to trade according to the market). And also the bonus for the first deposit is a nice thing, my first broker didn't have such a thing. In general, I will try to start with a small sum, maybe from 500 dollars and then I will see how it is going. Let me know if i should know somehting about aafx before I deposti funds.
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.