In this article, which is an AAFX Trading review, we're going to examine this broker in more detail, covering both advantages and disadvantages. Not much is known about AAFX Trading in the trading community. According to some reports, this company was founded in 2004, but the official website does not contain information about the precise founding date. The situation on forums is also ambiguous: some traders praise AAFX, but the majority of users this still considers this broker a 'dark horse'. So let's figure out what AAFX Trading really is, and solve this question for good.
According to the official website (aafxtrading.com), AAFX Trading is registered in the islands of St. Vincent and Grenadines, with its headquarters also located there. The company is regulated by the local finance commission (FSA). Besides that, several representative offices are also located in Australia and Hong Kong.Basically, such regulation is typical for Forex brokers. 80% of them are registered in St. Vincent, Belize, Seychelles, or similar offshore locations. This doesn't mean that brokers are unreliable. For the most part, companies choose to be registered on an islands for economic reasons. For instance, offshore taxes are much lower than those in the USA, Western Europe or Australia. That's why it is often easier for a broker to get registered there and receive an FSA license.The truth is, if a broker is doing its job with honesty and integrity, the clients won't care for its place of registration or whatever else. As a rule, the broker is much more afraid of losing the reputation than provoking anger in the regulator.
The company is committed to helping governments combat the threat of money laundering and terrorist financing activities around the world. For this, the company set up a highly sophisticated electronic system. By preventing money laundering, the movement of funds from criminal activities will be prohibited. This, in turn, will restrict the availability of funds used for illegal activities.
For security reasons, the company does not accept cash deposits and does not pay cash under any circumstances. The company reserves the right to refuse a transaction at any stage if it believes that the transfer is in any way related to money laundering or criminal activity. The company is prohibited from informing the customer that it has been reported for suspicious activity. The company will be required to report this suspicious activity to the appropriate authorities. These guidelines were implemented to protect AAFX and its customers.
AAFX Trading offers 24 hours a day, 5 days a week customer support via Live Chat, Phone, Skype and Email for a variety of different languages including: English, Greek, Japanese, Chinese, Bahasa Malay, Bahasa Indonesia, Hungarian, Russian, French, Spanish, Italian, German, Polish, Hindi, Arabic, Korean, Portuguese, Czech, Slovakian, Bulgarian, Romanian and Dutch.
After testing the Live Chat function on a Monday morning, European timezone, an agent was available to chat within just a few seconds and responded back in just a few seconds, as shown below:
Research
AAFX Trading provides some research tools in the form of Daily News and Daily Reports that can only be accessed through the customer portal area.
AAFX Trading provides some research tools in the form of market commentary via Daily News videos and Daily Report briefings. These can be accessed via the customer portal area once a user has logged in, as shown below.
The Daily News section is a series of market video updates:
Selecting the Daily Reports tab will open a new browser window and open the AAFX Trading Research Report page. This page provides written fundamental commentary as well as some trading ideas using technical analysis for major markets, as shown below:
AAFX TRADING FAQs
Q: How do I deposit Bitcoin to AAFXTrading?
A: To deposit Bitcoin (BTC) to your trading account wallet, go to the Dashboard. In the Deposit to My Account tab, click on Bitcoin and then the trading account you wish to deposit to. AAFX then generates a wallet address and QR code you can then paste into your digital wallet solution. The funds will then arrive into the account you chose.
Q: How does my leverage decrease as I deposit more?
A: Leverage stays at up to 2000:1 for those who deposit from $100 to $20,000, at which point they'd quality for a VIP account. At $20,000, those with an ECN or Fixed account have their leverage reduce to 1000:1, but if they use their balance to qualify for a VIP account and open one, their leverage in this account reverts back to up to 2000:1 before going back down to 1000:1 once their balance reaches $500,000.
Q: Do I actually hold Bitcoin when trading it on AAFXTrading?
A: No, all instruments offered by AAFXTrading are CFDs, or Contracts for Difference. This means they're derivatives which allow one to speculate reliably on these instruments' value without actually holding or being liable for them.
Q: Are there other trading platforms offered through AAFXTrading?
A: The MetaTrader 4 platform via web, desktop, or mobile is the only option available to traders. However, experts understand that the MT4 comprises all the functionality required at the peak of their profession, making this no obstacle to success.
Q: How can I get the deposit bonuses from AAFXTrading?
A: The first deposit bonus is offered to new traders who deposit at least $500 into their accounts, and results in a 35% bonus (that's $175 if they deposit just $500) on top. For existing traders, if they make another deposit at any time that's at least $500, they'll earn another deposit bonus up to 25% of its sum total.
What this broker provides is merely classic forex trading. They don't offer PAMM-accounts or any other investment programs, as well as no signal trading. Besides that, AAFX doesn't offer any option trading services either.
The only difference in the trading conditions for ECN and fixed spread accounts is namely the spread. In case with ECN accounts, the spread is substantially lower, but it may increase in times of high volatility (for example, during the broadcast of important economic news). By way of comparison, whereas a fixed spread for EUR/USD is 2 pips, its minimum value for a ECN account will be 0.3 pips, with an average one being 0.6 pips and the maximum one theoretically unlimited. In the majority of AAFX Trading reviews on forums it is stated that ECN spreads rarely reach their fixed values. That is why trading with variable spreads is considered to be more profitable.
Apart from the above mentioned, AAFX Trading also provides an opportunity to open an Islamic account - that is, an account that doesn't charge overnight swaps while trading. This means that a trader will be able to use leverage for free and keep the deal open as long as he needs. The leverage level can reach 1:2000. However, it is not recommended to use it to the maximum: any abrupt move in the direction opposite to the trader's position can provoke a margin call and the loss of the entire deposit.
AAFX Trading officially allows scalping, i.e. active trading that involves opening a range of orders within a short period of time. All the orders should be opened manually, that's a primary condition. It is noted in the broker's website that the use of robots and other means of automated trading is strictly prohibited. If the broker detects the use of such software, the trader's account may be blocked without warning.
Such attitude to algorithmic trading is a normal practice among forex brokers. Trading robots create additional work for them and overload the basic software. In addition to that, a regular trading robot might be a guise for a hacker program or other malicious software. Most brokers are reluctant to take such risks and therefore prohibit the use of such programs. If anyone tries to use them at his own risk, he must be prepared to face the consequences.
The AAFX Forex broker offers two types of bonuses:
1. A welcome bonus: +35% to the first deposit.
2. A bonus on a subsequent deposit: 25-30% depending on the amount of the deposit.
In order to receive any kind of bonus, you need to fund your account with at least $500. The 25% bonus for a subsequent deposit will accrue for the amount of $500 and more, while the 30% bonus requires an amount of at least $1,000.
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Coupons are discounts from AAFX Trading can be applied to a purchase in the form of a code, which can be entered at checkout. Promo codes are similar to coupons, but they are typically offered as part of a promotional campaign and may have a limited time period in which they can be used.
There are a variety of ways to find AAFX Trading coupons and promo codes for online stores in Australia. Some retailers will offer them directly on their website or through their email newsletter. Social media platforms, such as Facebook and Instagram, are also a great place to find coupons and promo codes, as many retailers use these platforms to promote their products and sales.
When using a coupon or promo code, it is important to read the fine print and make sure that the code is still valid and can be applied to the products you are purchasing. Some coupons may have exclusions or restrictions, such as a minimum purchase amount or a specific product category.
Using coupons and promo codes at AAFX Trading can help shoppers save money on their online purchases. By taking the time to find and use these discounts, shoppers can stretch their budgets further and get the most value out of their online shopping experience.
In conclusion, Coupons and AAFX Trading Promo codes are the best way to save money when shopping online in Australia. These discounts can be found on retailers' websites, social media platforms, and online coupon websites. It is important to read the fine print and make sure that the code is still valid and can be applied to the products you are purchasing. It is a great way to stretch your budget and get the most out of your online shopping experience. At the list on top of this page, you'll see all the offers, coupons, coupon codes and discounts currently available at AAFX Trading. Easy, right? This listing was last updated on 25 April 2024.
A coupon code from AAFX Trading is an alphanumeric code that you used to get the discount on your order. These Coupon Codes are also called coupon code, promotional code, discount code, promo code or coupon. Webshops from around the world use these types of codes to give discount to their customers on certain products or orders.
An action code or promotional code from AAFX Trading Can be used in two ways. The first way is by simply clicking on "SHOW CODE", copy the code and paste it into the shopping cart of the webshop. The other way is by clicking on 'VIEW OFFER', you will then be redirected directly to the webshop and the discount will be applied automatically.
How do you find a coupon code at Kuponation.com? First of all, look for the desired store in the search bar at the top of this page. Are you looking for a particular product or brand? Then you can type it in the search bar. You can also find your desired webshop in our "SHOPS A-Z" or "CATEGORY" overviews. If you've come to our webshop page, choose a coupon code or offer you'd like to use.
Right now, there are Coupons codes and 8 offers available for AAFX Trading:
Trade with a leading online trading broker specializing in stocks commodities cfds and currencies
AAFX Trading Offers its customers world class products and services
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Lately we've discovered a new discount code from AAFX Trading every 30 days. Over the last 90 days we've found new coupons from AAFX Trading.
The best discount we've found is a code for 30%. AAFX Trading shoppers save an average of 4 times at checkout.
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Yes! Right now on Kuponation.com, you can find coupons for AAFX Trading that are verified and working. AAFX Trading coupons and vouchers found on Kuponation.com have been used 4 times equalling lots of savings!