AAFX Trading Review 2020

General Information

Website URL: https://www.aafxtrading.com/

Founded: 2010

Regulation: FCA St. Vincent and Grenadines

Languages: English

Deposit Methods: Credit/debit cards, bank wire transfer, e-wallets

Minimum Deposit: $100

Free Demo Account: yes

Types of Assets: CFDs, Forex, commodities, cryptocurrencies

Regulation

AAFX Trading is a company that was established back in 2010. It is regulated by the Financial Conduct Authority of St. Vincent and Grenadines, which should not be confused with the London-based FCA. This company is regulated by the well-known regulatory authority that specializes in off-shore trading companies. While the company opened its very first headquarters here, they have also decided to expand to China. Now, they have another centre of business in Hong Kong. Speaking of the Asian market, AAFX Trading won the Best Asian Broker award back in 2016.

Another proof of the company’s reliability is the fact that it is one of the rare ones to accept US clients. As you may already know, the US market is quite harsh and proposes trading as a controversial activity. So, to have a company outside of the country to accept the clients from the US is quite an accomplishment.

Trading Platform

AAFX Trading gives you a chance to choose between the MT4 or an MT5 platform, which is great. MT5 is just starting to take on a high, and based on the success of MT4, it is certain that this type of platform will be suitable for traders worldwide. Also, you can access it through the web as well – on your desktop on a mobile device.

The platform offers around 250 assets in total, which is pretty great. What is even more appealing is that you can choose to trade with fixed or variable spreads. The leverage goes up to 1:2000, which is almost 10 times greater than the industry standard. The platform is also easily customisable and simple to use, so there is no fear for first-time traders about learning their way around.

Account Types

When it comes to different account packages you can choose for your trading journey, there are 3 unique types. Each one comes with certain advantages and perks, as well as different deposit amounts, which is standard.

The common thing about all 3 of them is that you will access to the full selection of tradeable assets, as well as both MT4 and MT5 platforms. The first account you can choose is the Fixed account, which comes with a – you guessed it! – a fixed spread. The remaining two, which are the ECN account and the VIP account come with the variable spreads, as well as other perks including daily market updates and trading tools for creating your unique trading strategy.

Education

The educational centre of AAFX Trading is quite rich and compelling. It consists of two big sections, educational videos and educational books. The first one is quite regularly updated with the latest video tutorials about different things that are crucial for your trading journey. They include guides and explanations on the analysis, charts, trading strategies and much more.

On the other hand, there is also a number of educational books that are useful for first-time traders, as well as clients who wish to revise their knowledge or update their skills with something new and innovative. Either way, it is evident that the AAFX Trading designers made a lot of effort to help their clients become better traders while using the platform.

Deposits and Withdrawals

The most important thing to note about this section is that you won’t have to pay any extra fees or commissions when you wish to make a deposit or a withdrawal. That’s pretty cool of them to enable such an advantage for the clients. The minimum deposit comes at $100, which is quite below the average compared to other companies.

The payment options are quite versatile, as you can see from the picture above. You can choose from any debit and credit card, a bank wire transfer or one of the many e-wallets including Skrill or WebMoney. Either way, all these payment options seem standard and safe. The only thing that stands out in a grim way is that they take quite a long time to process your request for a withdrawal. This is suspicious, especially considering that the e-wallets are able to process these requests within a few minutes.