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What’s more, they are more liquid and therefore more profitable. Besides this, I appreciate the possibility to trade without commission, so I don’t need to share a part of my profit with the broker. It encourages me to trade more actively in the daytime. I like the structure of trading conditions depending on the account type. Fixed spreads allow disregard volatile periods in intraday high-frequency trading, while variable spreads suggest no additional commissions. On the one hand I agree that having regulation, etc. is important.
ECN – variable spreads, which vary depending on how much you use for the trades. In my opinion, it is the best option for an experienced trader, who knows how to control the calculations and clearly assesses the situation. You can become part of the social trading community by opening a Zulu Account. This account is automatically connected to the Zulu Platform, no further action is required. You can make accurate assessments in blink of an eye by using the brokers Trading Calculators. Just choose the calculator you want, enter your inputs, and the calculator will give you the answer.
I see both pluses and minuses here too, on the other hand the company has been around for a long time and functions smoothly, so there is confidence, that’s for sure. Someone thinks it is no longer relevant, because there are https://forexbroker-listing.com/ no modern trading terminals here. All information on 55brokers.com is only published for general information purposes. We do not present any investment advice or guarantees for the accuracy and reliability of the information.
Ratings On Other Platforms
Demo account, because I needed to test the MT5 trading platform. I know that there are more indicators than MT4 and I decided to check it out. I came to this broker to trade indices and metals. In my opinion, they are much easier to trade than currency pairs.
And accordingly, they need to have a good understanding of the market mechanisms in order to act productively and increase their capital every day. Every person who starts trading becomes a full market participant. I am satisfied that I chose this particular company. The demo is very high quality, a lot of analytics, polite manager. Nobody wants to give extra money to a broker.
The main difference between these is that the ECN account offers much tighter spreads that are variable, while the ECN account offers fairly wide spreads that starts from 2 pips. Notably, both account types still offer commission-free trading. Although AAFX Trading is a suspicious offshore broker, the user reviews show that it can actually be trusted and the company provides high-quality service.
I like brokers like this because they are easily reachable, it makes me trust them more. The platform has a vast network of skilled traders to choose from. I was able to pick and follow a trader who aligns with my trading style and risk tolerance. However, this ECN account is not a miracle to be honest. It’s not allowed to hold a trade for less than 60 seconds.
- In fact, it isn’t always convenient to learn from the broker’s training materials, but if you are a beginner trader, it will help you.
- The company has even though of its mobile users.
- It was hard to believe that earning at the financial exchange is not a fiction, but a reality.
- I have never met a broker which had the regulation and which was a scam.
By the time I saw those reviews I was prone to thinking more positively about the company because I saw more positive things rather than downsides. In particular, I liked their big leverage and no fees for all accounts. So, I firmly decided to sign up to try it all in practice. Would love to find out where exactly did you find the negative reviews, cause my experience was strictly positive with AAFX. The funny thing is that I’ve chosen this brokerage exactly because the reviews were so good on their service. AAAFx customer service offers help to its customers in English, and their customer service is reliable and always willing to help.
The trading platform offered by the broker is MT4 and MT5 for PC, MAC, mobile, and tablet or Web Trader . Of course, each platform has its advantages and disadvantages. For example, for a beginner I would recommend using Metatrader 4 or its light version for web trading. There ar over 1000 trading instruments and all basic forex markets including cryptocurrencies. You can choose from 3 types of accounts here.
The broker’s customer support is available via two local phone numbers in Switzerland and Australia, or via live chat on the website. According to information on the broker’s website, support is open 24 hours a day on all trading days. AAAFX offers 3 types of Live accounts for users to choose from. The customer service also mentioned that I have not submitted my documents for verification and setup my bank account for withdrawal.
Traders Reviews
It’s really important both for beginners and for professional traders who work completely autonomously. It’s usually between 1,2-1,5, but can sometimes reach 3-4 pips. Fixed account has fixed spreads, so you always pay the same spread. FIXED – fixed spreads from 2 pips , which remain fixed, regardless of the amount used for the trade.
I think in the future I will try 0,4-0,5 lots on my favorite pairs, but I also realize that I need a depo of $2000 to feel secure, but I think it will come true soon. I want to tell you that at first I did not really believe in making money in the Forex market, but I have watched several video reviews of AAFX Trading broker and I got interested. After going through the video tutorials, my knowledge improved significantly, I supplemented my trading strategy, and I started trading in the plus. Now my results have exceeded all my best expectations, I am very glad that I am trading with AAFX broker. For example, if you are a beginner trader, you should start when trading with AAFX with higher timeframes, with a swing trading approach. That way, emotions won’t affect you as they do with most traders.
The former is suitable for traders who operate with high sums and provides them with the lowest fees possible. VIP users also get additional bonuses and gain access to all the available instruments. The latter is suitable for people who want to take advantage of the absence of any commissions. I have everything I need to learn things I don’t know or forgot. I got tools for technical analyse like charts, indicators, depth of market, visual tools.
AAFX Trading Reviews
If broker wants to minimize costs and offer the best conditions to their customers they have to register in offshore jurisdictions. I’ve been working with the company for two years and haven’t seen any problems. Thanks for the article, I was interested in reading it. However, it speaks about numerous complaints and lawsuits.
Clients can access the AAFXTrading.com support representatives 24 hours a day, 5 day a week to get their concerns and questions addressed. Urgent issues can also be addressed through Skype. There is also a live chat facility available through the website’s home page for the convenience of the customer. If a broker has a score less than 80, like this one, we won’t recommend it to you. So that we don’t waste your time, we don’t update these reviews either.
Compare Broker Features
Labeled Verified, they’re about genuine experiences. This is not the first time I have come across reviews where their analytics are not very praised. The bonus grid rolled out is cool, but if you plan to withdraw often – it can be something completely unnecessary really. But on the other hand, they are stuck with purely MT terminals and don’t give us any right to choose, I would like to have some choice and variety.
AAFX Trading has a consumer rating of 4.47 stars from 94 reviews indicating that most customers are generally satisfied with their purchases. Consumers satisfied with AAFX Trading most frequently mention demo account, long time and high leverage.AAFX Trading ranks 13th among Currency Trading sites. In the beginning I made a mistake and I opened a real account right away, even for a small amount. I did not focus on my education or on gaining theoretical and practical knowledge.
In trading, it is important to constantly learn and discover new opportunities for new assets. I know that many traders only trade major currency pairs, gold and some stocks. I believe that you have to constantly try new things. AAFX Trading Clients can deposit and withdraw money using eight different methods.
This is a more modern trading platform and there is more functionality for market analysis. First of all, it allows increasing of capital for trade. You can conduct profitable trades at the right time, even if you don’t have the necessary funds.