AAFX review and ratings

Established 2015
Location Mwali
Regulation MISA
Offices Fomboni, Hong Kong, Sydney
Broker type MM | STP | ECN
Leverage up to 1:2000
Deposit from 100 USD
Spreads low  low
Platforms Web MetaTrader 4 MetaTrader 5
Instruments Currencies Crypto Indices Metals Energies Softs Stocks
Funding methods Wire Transfer Credit Cards Skrill Neteller FasaPay WebMoney Perfect Money Bitcoin

Company information

AAFX is a legally registered forex broker located in Mwali, regulated by the Mwali International Services Authority (MISA).

Availability

AAFX accepts clients from all over the world, excluding some jurisdictions where restrictions apply.

Distinctive features

Trading instruments

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.

Comprehensive review

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.

Reviews from traders

4.35/5
(49 votes)
5/5
Malaysia
Malaysia
4/5
United Kingdom
United Kingdom
4/5
Germany
Germany
5/5
United States
United States
4/5
Slovakia
Slovakia
5/5
Portugal
Portugal
5/5
Malaysia
Malaysia
4/5
France
France
5/5
Spain
Spain
5/5
South Africa
South Africa
4/5
Germany
Germany
5/5
Indonesia
Indonesia
5/5
India
India
4/5
Italy
Italy
5/5
Germany
Germany
5/5
France
France
1/5
Netherlands
Netherlands
5/5
India
India
4/5
Philippines
Philippines
5/5
Italy
Italy
5/5
Hungary
Hungary
No rating
Madagascar
Madagascar
5/5
Cyprus
Cyprus
5/5
Malaysia
Malaysia
5/5
Greece
Greece
4/5
Indonesia
Indonesia
1/5
Taiwan
Taiwan
4/5
South Africa
South Africa
5/5
Spain
Spain
4/5
Nepal
Nepal
5/5
Singapore
Singapore
4/5
India
India
No rating
Bahrain
Bahrain
5/5
Romania
Romania
No rating
Indonesia
Indonesia
5/5
Cameroon
Cameroon
5/5
Nigeria
Nigeria
4/5
4/5
Indonesia
Indonesia
1/5
Jordan
Jordan
5/5
Russia
Russia
No rating
5/5
UAE
UAE
No rating
Sweden
Sweden
4/5
Estonia
Estonia
No rating
France
France
No rating
Poland
Poland
4/5
India
India
5/5
Romania
Romania
5/5
United Kingdom
United Kingdom
5/5
Germany
Germany
5/5
France
France
5/5
India
India
1/5
Sweden
Sweden
4/5
Germany
Germany
5/5
Sweden
Sweden
No rating
United States
United States
No reviews from traders yet.
Rating