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AAFX

Saint Vincent and the Grenadines|5-10 years|
High potential risk|

https://www.aafxtrading.com/

Website

Rating Index

Influence

Influence

B

Influence index NO.1

United States 4.09

Surpassed 26.22% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+61 280035080
support@aafxtrading.com
https://www.aafxtrading.com/
James Street, First Floor, First St. Vincent Bank Ltd Building, Kingstown, St. Vincent and the Grenadines..

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Disclosure

Danger

MY SCM
2021-01-01

Contact number

English

+61 280035080

English

+852 8 19 810 79

English

+1 6783940676

Chinese (Simplified)

+85281981079

Other ways of contact

Broker Information

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Company Name

AAFXTRADING COMPANY LTD

Abbreviation

AAFX

Platform registered country and region

Saint Vincent and the Grenadines

Company website
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Warning: Low score, please stay away!
Previous Detection : 2024-10-09
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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AAFX · WikiFX Survey

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AAFX · Company Summary

Aspect Information
Company Name AAFX Trading
Registered Country/Area St. Vincent and the Grenadines
Founded Year 2-5 years
Regulation Not regulated
Minimum Deposit $100
Maximum Leverage Up to 1:2000
Spreads Starting at 0.2 pips
Trading Platforms MetaTrader4 (MT4), Web Trader
Tradable Assets Forex Trading, Precious Metals, Energies, Equity Indices, Trade Commodities, Trade Stocks, Cryptocurrency
Account Types Fixed Account, ECN Account, VIP Account
Demo Account Available
Customer Support 24/5 availability via phone, email, and live chat
Deposit & Withdrawal Various methods including FasaPay, Bank wire transfer, E-Wallets, and more
Educational Resources Educational videos, eBooks, forex tools, latest news

Overview of AAFX Trading

AAFX Trading is a global forex broker company based in St. Vincent and the Grenadines. Established within the past 2-5 years, the company operates without current regulation. With a minimum deposit requirement of $100, AAFX Trading offers traders the opportunity to leverage their trades up to 1:2000. The spreads start as low as 0.2 pips, providing competitive trading conditions. Clients have access to the popular MetaTrader4 (MT4) platform and the convenient Web Trader platform. AAFX Trading offers a wide range of tradable assets, including forex, precious metals, energies, equity indices, commodities, stocks, and cryptocurrencies. Traders can choose from various account types, such as Fixed, ECN, and VIP accounts, and a demo account is available for practice. The company provides 24/5 customer support through phone, email, and live chat. Deposits and withdrawals can be made using different methods, including FasaPay, bank wire transfer, and e-wallets. Furthermore, AAFX Trading offers educational resources such as educational videos, eBooks, forex tools, and the latest market news to support traders in their journey.

basic-info

Is AAFX Trading legit or a scam?

It is important to note that AAFX Trading is currently not regulated by any recognized financial authority. This lack of regulation poses potential risks for traders. Regulated brokers are subject to strict regulatory standards, which provide a level of protection to clients. These regulations often include measures to ensure the safety of client funds, fair trading practices, and transparency in operations. In the absence of regulation, there may be a higher risk of fraudulent activities, mismanagement of funds, and lack of accountability.

Therefore, it is crucial for traders to exercise caution and carefully consider the potential disadvantages associated with trading with an unregulated broker like AAFX Trading. It is recommended to choose regulated brokers that provide a higher level of security and regulatory oversight for your trading activities.

Pros and Cons

AAFX Trading offers competitive spreads starting at 0.2 pips, allowing traders to potentially benefit from tighter pricing and reduced trading costs. The high leverage of up to 1:2000 provides traders with the opportunity to amplify their trading positions and potentially increase their profits. The availability of multiple trading platforms, including MetaTrader4 (MT4) and Web Trader, offers flexibility and convenience for traders to access their accounts and execute trades from various devices. AAFX Trading provides a wide range of tradable assets, including forex, precious metals, energies, equity indices, commodities, stocks, and cryptocurrencies. AAFX Trading also offers various payment methods and free educational resources. The demo account option allows traders to practice and familiarize themselves with the trading platforms and strategies without risking real money.

One notable disadvantage is the lack of regulation for AAFX Trading. Without regulation from a recognized financial authority, there may be potential risks for traders, including a lack of client protection and the possibility of fraudulent activities. Additionally, AAFX Trading does not provide 24/7 customer support, which may be a drawback for traders who require immediate assistance outside regular business hours. It is important to consider these factors and exercise caution when trading with an unregulated broker and during times when customer support may not be readily available.

Pros Cons
Competitive spreads starting at 0.2 pips Lack of regulation
High leverage of up to 1:2000 Lack of 24/7 customer support
Multiple trading platforms
Wide range of tradable assets
Different account types
Various deposit and withdrawal methods
Free educational resources
Availability of demo account

Market Instruments

AAFX Trading provides a diverse range of trading products to cater to the needs of its clients. Here are the various trading products offered by AAFX:

1. Forex Trading: AAFX Trading offers a wide range of currency pairs for forex trading. Traders can participate in the global forex market and take advantage of currency fluctuations to potentially generate profits.

2. Precious Metals: AAFX Trading allows traders to trade precious metals such as gold, silver, platinum, and palladium. These metals are considered safe-haven assets and can act as a hedge against market volatility.

3. Energies: Traders can also access trading opportunities in energy commodities such as crude oil and natural gas. These commodities are influenced by global supply and demand dynamics and can provide profit potential.

4. Equity Indices: AAFX Trading offers trading on a variety of global equity indices. Traders can speculate on the performance of major indices such as the S&P 500, FTSE 100, DAX 30, and more.

5. Trade Commodities: AAFX Trading provides access to a range of popular commodities, including agricultural products, energy resources, and metals. Traders can trade commodities such as wheat, corn, crude oil, and natural gas.

6. Trade Stocks: AAFX Trading allows traders to trade stocks of various companies listed on major stock exchanges around the world. Traders can take positions on individual stocks and potentially benefit from price movements.

7. Cryptocurrency: AAFX Trading offers trading opportunities in popular cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and more. Traders can participate in the cryptocurrency market and take advantage of its volatility.

products

Account Types

There are two types of forex trading Accounts offered by AAFX Trading that is Fixed Account, ECN Account, and VIP Account.

Traders can choose accounts based upon their level of experience in forex trading whether they have just started to trade, or they have plenty of experience in trading forex there are different types of accounts offered by AAFX.

Traders can choose accounts from depending upon their level of understanding and other factors such as tolerance for risk, size of initial investment and amount of time traders have for currency trading on daily basis.

Listed below are the details for each account type.

account-types

How to Open an Account?

Opening an account with AAFX Trading is a simple and straightforward process. Here are the steps to open an account:

1. Visit the AAFX Trading website at https://www.aafxtrading.com/.

2. Click on the “Open Live Account” button, usually located on the homepage or in the navigation menu.

open-account

3. Fill in the required personal information accurately, including your name, email address, country of residence, and phone number. You may also need to provide additional information such as your date of birth and residential address.

open-account

4. Select the account type that suits your trading needs. AAFX Trading offers various account types tailored to different trading preferences, such as Standard, ECN, and VIP accounts. Consider factors like minimum deposit requirements, leverage, and trading conditions when choosing the account type.

5. Read and agree to the terms and conditions presented by AAFX Trading. Make sure to review all the information carefully before proceeding.

6. Complete any additional steps prompted by the registration process, such as email verification or submitting necessary documentation. AAFX Trading may require you to provide proof of identity and address, such as a valid passport or driver's license, and a utility bill or bank statement.

7. Once your account is approved, you will receive login credentials to access your trading account. You can then fund your account and start trading.

Leverage

AAFX Trading leverages can begin at 1:10 and go to a maximum of 1:2000. Leverage is the ability that will enable a trader to gain greater exposure to the market than the sum a trader deposited to begin a trade. Leveraged products increase a traders prospective revenue – yet also create a risk for loss.

leverage

Trading Platform

AAFX Trading stands out by providing its clients with the widely recognized and acclaimed MT4 trading platform, known for its exceptional performance. This platform offers traders a comprehensive set of charting tools, advanced technical indicators, and customizable features, empowering them to tailor their trading experience to their specific requirements. Additionally, MT4 supports seamless integration with various third-party applications and add-ons, further enhancing its functionality and versatility.

In addition to the MT4 platform, AAFX Trading offers the Web Trader option, providing clients with the convenience and flexibility of trading from virtually any device with internet access. With this web-based platform, traders can access their accounts and execute trades without the need to download or install any software, making it a hassle-free solution for on-the-go trading.

trading-platform

Deposit & Withdrawal

AAFX Trading offers several different ways you can deposit or withdraw. This broker can process your deposit and withdrawal requests wherever you are. As long as you have a good internet connection and you are a registered AAFX user, you can withdraw funds from your trading account. Withdrawal requests are processed within three business days.

AAFX Trading requires a minimum deposit of 100 USD and offers the following deposit and withdrawal methods: FasaPay, Bank wire transfer, PayNow, Perfect Money, E-Wallets, and Neteller.

payment-methods

AAFX Trading Fees

Each broker charges its own costs which entail commissions, spreads, and margins. Traders should be aware of exactly what their brokers fees will involve before making the decision to trade with them.

AAFX Trading provides commission-free trading, with no added fees for their clients. Spreads start at very different levels, depending on the account type you choose. Spreads on a Fixed Account start at 2.0 pips, whereas an ECN Account or VIP Account will offer spreads starting at 0.2 pips. Variable spreads are of course always changing and are therefore subject to change.

Customer Support

Prospective traders have to be assured that whoever they choose to invest with will give them the required support and assistance whenever and wherever they might need it. Customer support is available 24/5 through Live Chat, Email, and Phone. Customer support representatives typically get back to clients within minutes.

customer-support

Educational Resources

AAFX Trading provides a range of educational resources to support traders in enhancing their knowledge and skills. Traders can access educational videos that cover various aspects of trading, including strategies, technical analysis, and risk management. Additionally, educational eBooks are available, offering in-depth insights into different trading topics and concepts. These resources aim to empower traders with valuable information and tools to make informed trading decisions. Furthermore, AAFX Trading provides access to forex tools, such as economic calendars and market analysis, which can assist traders in staying updated on the latest market trends and news. By offering educational materials and informative resources, AAFX Trading strives to empower traders with the necessary knowledge and resources to navigate the financial markets effectively.

educational-resources

Conclusion

In conclusion, AAFX Trading offers competitive spreads and high leverage, providing traders with potential cost savings and increased trading opportunities. The availability of multiple trading platforms and a wide range of tradable assets enhances flexibility and diversification. Different account types, various deposit and withdrawal methods, and free educational resources further cater to traders' needs. However, it is important to note the lack of regulation, which may pose risks for traders, and the absence of 24/7 customer support. Traders should carefully consider these advantages and disadvantages to make informed decisions and prioritize their safety and support needs in the trading journey.

FAQs

Q: What trading platforms does AAFX Trading provide?

A: AAFX Trading offers MetaTrader4 (MT4) and Web Trader platforms.

Q: Is AAFX Trading regulated?

A: No, AAFX Trading is currently unregulated.

Q: What is the minimum deposit requirement?

A: The minimum deposit for AAFX Trading is $100.

Q: Does AAFX Trading offer a demo account?

A: Yes, a demo account is available for practice trading.

Q: What customer support is available?

A: AAFX Trading provides 24/5 customer support via phone, email, and live chat.

News

WikiFX Review: AAFX, Is it OK to invest in?

NewsWikiFX Review: AAFX, Is it OK to invest in?

2022-05-07 12:00

Can you withdraw money from AAFX? Is AAFX legal in your country? WikiFX made a comprehension review on this broker to help you better understand the truth, we will analyze the reliability of this broker from specific information, regulation, exposure, etc. And you should never miss it.

WikiFX
2022-05-07 12:00
News
WikiFX Review: AAFX, Is it OK to invest in?
Daily Market Lookup

NewsDaily Market Lookup

2021-12-15 22:00

The dollar held its recent gains in Asian trading on Wednesday as investors looked towards a key Federal Reserve policy meeting to see if it would reinforce growing market expectations for earlier and additional rate rises next year.

WikiFX
2021-12-15 22:00
News
Daily Market Lookup

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