Independent Broker Review AAFX
https://www.aafxtrading.com Founded in 2012 Headquarters in Saint Vincent Open Demo Account Open Live Account BEGIN item ContentsIntroQuick LookRegulationAccount TypesFeesTrading PlatformsAssetsRisk ManagementSupportEducationPartnersBonuses
A Quick Look At AAFX
AAFX is one of the fastest growing FX and CFD brokers worldwide. The company supports a wide variety of trading assets with solutions for traders and B2B partners. Powered by MT4, clients can trade the Desktop, Web-based, or mobile versions for virtual round-the-clock trading access. There are no fees or commissions on trades, just a small spread that can be as low as 0 pips in some cases. Assets include 45 major and minor forex pairs, commodities, equities, indices and Bitcoin. The platform is available in over 20 languages. New clients can receive a 35% welcome bonus, recurring clients may be awarded a 30% redeposit bonus.
AAFX is on the fastest growing FX and CFD trading brands worldwide. The company operates through several offices. AAFX provides regulated FX and CFD trading.
Malaysia – AAFX is incorporated in Malaysia and registered under the company of AA business solutions SDN BHD.
Hong Kong – AAFX is operated by AAFX trading Capital in Hong Kong and The Company’s legal and correspondence address Two Exchange Square 8 Connaught Place Central, Hong Kong.
Australia – Level 4, 27 – 20 Shelley King Street Sydney NSW 2000, Australia.
Regulations and Licenses
AAFX is an international FX and CFD trading platform working in compliance with financial regulators around the globe. The company is registered and regulated in the following areas.
St. Vincent and the Grenadines – AAFXTRADING COMPANY LTD is Incorporated in Saint Vincent and the Grenadines with registration number 22916 IBC. The Company’s legal and correspondence address C/o Suite 305, Griffith Corporate Centre, Beachmont, Box 1510 Kingstown, St. Vincent and the Grenadines
Fixed Spread FX Trading – The Fixed Spread FX account provides full access to FX and CFD trading with fixed spreads. Spreads can be as low as 2 pips.ECN FX Trading Account – The ECN FX account provides full access to FX and CFD trading with floating spreads. Spreads can be as low as 0.20 pips.VIP Account – The VIP account is for experienced traders and high-rollers. The VIP account has a minimum deposit of $20,000 and provides customizable features like larger contract size and higher leverage.
Fees, Costs, And Spreads
There are no fees on their trades but there are costs associated with margin accounts and spreads to consider. The website advertises spreads as low as 0 pips but this not only true in very rare cases. Spreads will vary by asset type, trading volume, and market conditions.
Zero fees on trading. FX spreads powered by the ECN network. Clients can choose to trade fixed or floating spreads.Spreads on CFDs are competitive and vary by asset.CFDs are traded in lots. Lot type varies by commodity i.e. oil is traded in barrels, corn in bushels.2% to 5% interest is charged on margin.Leverage on FX trading can be up to 1:2000. Leverage on all other assets runs from 1:20 (stocks) to 1:1000 for commodities.Margin calls are only issued if clients are logged on to the platform. In all other cases margin call will result in automatic closure of position.
Deposits and Withdrawals
Deposits can be made by credit card, bank card, Bitcoin, Skrill, Neteller, Fasapay, WebMoney, and Wire Transfers.The minimum deposit is $100 except with Wire Tranfers. Wire Transfers minimum deposit is $1000.Bonuses are available for first-time and recurring deposits.Clients must have 250% free margin to make withdrawals.Withdrawals may take up to 20 days depending on method and third-party requirements. Withdrawals to Bitcoin may process as quickly as 3-5 days while those to Neteller could take three weeks for frequent withdrawals.Wire transfer withdrawals over $2000 will not have any fees.
MT4 for PC, MAC, and tablet. AAFX supports over 150 tradable assets, low spreads, one-click trading, and full EA functionality. Micro lots and hedging are allowed.MT Webtrader. The MT Webtrader provides all the features and functionality of the downloadable version. Clients can use it to trade with MT4 directly on the AAFX servers.MT4 for Mobile/Tablet. MT4 for mobile and tablet is a lighter version of the original but still a great platform. It supports three chart types, 30 indicators, and on the go trading.
AAFX is an online FX and CFD broker/trading platform. The company offers FX trading on 45 major and minor pairs along with CFD on over 160 stocks, indices, commodities, and cryptocurrency.
FX – AAFX lists 45 major and minor currency pairs for leveraged, spot forex trading.Cryptocurrency – AAFX has only recently entered the realm of cryptocurrency trading. The platform only lists one trading pair, BTC/USD.Stocks – AAFX lists 140 globally listed stocks that clients can trade via CFD.Indices – There are 11 global equity indices available to trade via CFD.Commodities – AAFX has 15 commodities including sugar, corn, coffee and soybeans that can be traded with CFDs.
AAFX supports all order types. Clients can rely on stop-losses and take-profit targets as well as other conditional orders using MT4 EA’s.
Clients may not buy and sell the same/offsetting positions within a 60 second window. Any trades of this type will be automatically cancelled.Trades executed by EA may experience slippage due to time lags between trigger and execution.
Notification and Alerts
Clients are able to set a wide variety of conditional alerts using the webtrader, mobile platform, or MT4 interface.
Text – Alerts can be delivered by text/sms.Email – Alerts can be delivered by email.Visual – Alerts can trigger visually on the chart or trading platform.Sound – Alerts can be triggered to produce a bell or chime.
Trading Tools and Analysis
News feed with push-notifications.Daily market analysis of major markets including FX, equities, and commodities.
Education and Training
The education center is limited to a Video on Demand library. The library holds over 70 short videos on topics ranging from What is Forex Trading to Candlestick Patterns and Cryptocurrency.
Customer support is available 24/5 through Live Chat, Email, and Phone. Customer support representatives typically get back to clients within minutes.
Partners and B2B Services
AAFX is a market-leader in B2B services and support. The company offers two categories of partnerships, but all include the same benefits including no set-up fees, customized marketing materials, and one-on-one account support from a dedicated manager.
Introducing Broker/Affiliates – Affiliates are rewarded for introducing new clients to AAFX. There are no minimum monthly requirements if the fixed-payout option is chosen. Payouts range from $2 to $20 commission per lot depending on how many of an IB’s clients are currently active.White Label – AAFX provides a standard or customized White Label product for clients who wish to open their own brokerage. Service includes everything required to open a brokerage such as back-end office, liquidity, legal/incorporation, operations, risk compliance, and support. White label clients earn money on volume commissions while risk is passed off to a counterparty.
Bonus terms may vary from promotion to promotion but tend to follow a pattern. Clients have 60 days to complete the bonus terms and required volumes to claim the bonus. All bonuses come with a multiplier that is usually 20,000. For example, if a bonus of $500 is accepted traders must trade a volume amount equal to $1,000,000 in order to withdraw the bonus. Withdrawal attempts before meeting the volume requirement will result in nullification of the bonus. Client money can be withdrawn at any time.
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