AAFXTrading is based in St. Vincent and the Grenadines and is registered there. Despite the lack of regulation by an internationally recognised financial authority, this organisation claims that client money is kept separate from business finances.
The broker provides commission-free fixed, ECN, and VIP trading accounts. Users may trade a range of tradable assets, including Forex ECN and CFDs on Indices, Stocks, Commodities, and Bitcoin, with leverage ranging from 1:10 to 1:2000, depending on the account type.
Traders may take advantage of a number of welcome bonuses and promotional incentives when they utilise the MetaTrader 4 trading platform for PC, Mac, Mobile, or Tablet.
AAFXTrading Legality
AAFX is incorporated in Malaysia and Hong Kong and registered as an International Business Company in St. Vincent and the Grenadines. The broker is not regulated by a recognised financial body on a global scale.
AAFX is a well-known online trading broker with a focus on stocks, commodities, contracts for difference (CFDs), and currency trading. AAFXTrading.com is connected to major financial institutions worldwide, ensuring a safe and transparent trading environment for traders. AAFX Trading is committed to safeguarding your privacy and personal and financial information.
AAFXTRADING COMPANY LTD is a Saint Vincent and the Grenadines corporation with the registration number 22916 IBC. C/o Suite 305, Griffith Corporate Centre, Beachmont, Box 1510 Kingstown, St. Vincent and the Grenadines is the company’s legal and communication address.
AAFXTrading.com is operated by AA Business Solutions SDN BHD, a Malaysian business.
The Company’s legal and communication headquarters are located at Two Exchange Square 8 Connaught Place Central, Hong Kong, and AAFX is managed in Hong Kong by AAFX Trading Capital.
Asset Class
AAFXTrading offers customers the opportunity to trade more than 60 different products. Trading CFDs on 11 indices, 15 commodities, 1 cryptocurrency, and 197 stocks is offered, as well as 42 Forex ECN pairings.
AAFXTrading Account Types
AAFXTrading charges no commissions and charges various spreads depending on the product and account type. According to the broker’s website, spreads on the Fixed Account begin at 2 pips and 0.2 pips on the ECN Account.
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AAFXTrading offers three distinct kinds of trading accounts, each with its own set of features and advantages for novice and experienced traders alike. Fixed Accounts, ECN Accounts, and VIP Accounts are all accessible.
The AAFXTrading Set Account has no commissions and fixed spreads beginning at 2 pips. Leverage ranges between 1:10 and 1:2000 for accounts with a balance of up to 20,000 USD, depending on the asset class traded. Leverage of up to 1:1000 is permitted on account balances greater than $20,000. A $100 deposit is required as a minimum.
Commission-free trading with variable plus spreads beginning at 0.2 pips is available with the AAFXTrading ECN Account. Leverage ranges from 1:10 to 1:2000, depending on the asset class traded, with account balances up to 20,000 USD permitted. Leverage of up to 1:1000 is permitted on account balances greater than $20,000. A $100 deposit is required as a minimum.
The AAFXTrading VIP Account includes no commissions and no swaps, as well as ECN spreads. According to the broker, the account is intended for “high rollers” with minimum balances of 20,000 USD, who will have access to 100 percent ECN raw spreads with no commission or swap.
Trading Interface
AAFXTrading provides its clients with the industry-leading MetaTrader 4 trading platform, which is suited for both novice and experienced traders. The AAFX Trading MetaTrader 4 trading platform provides customers with a plethora of options and advantages.
MetaTrader 4 downloads are available directly from the broker’s website or via the client portal area. There are instructions for both PC and Mac downloads, with the latter needing the installation of extra software such as the free Wine and PlayOnMac programmes.
Clients of AAFXTrading may trade using the MetaTrader 4 mobile trading application, which is available for both Android and iOS. These may be downloaded directly from the Google Playstore or the Apple App Store, or through links on the broker’s website.
AAFX enables you to swap expenses. Trading fluctuates according to market conditions and the kind of trading account used. Commission-free trading is available on all account types offered by the broker.
Customer Support
AAFXTrading provides customer support in the following languages: English, Greek, Japanese, Chinese, Bahasa Malay, Bahasa Indonesia, Hungarian, Russian, French, Spanish, Italian, German, Polish, Hindi, Arabic, Korean, Portuguese, Czech, Slovakian, Bulgarian, and Romanian. They are available through Live Chat, Phone, Skype, and Email 24 hours a day, 5 days a week.
Verdict
AAFXTrading is a St. Vincent and the Grenadines-based business that is not regulated by any major financial institution. Additionally, it is unclear how the broker earns money on the VIP account by promoting 100% raw ECN spreads without fees, swaps, or spread widening.
AAFXTrading offers clients a wide range of markets, including Forex ECN and CFDs on stocks, indices, and commodities, as well as Bitcoin. Users may trade using the popular MetaTrader 4 trading platform, which is available on PCs, Macs, Android devices, and iOS devices.
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