AAFX Trading is an investment firm that specializes in stocks, commodities, CFDs, and currency trading. It has its registered office in St. Vincent and the Grenadines (SVG), a jurisdiction known for its lenient regulation of financial companies. Compared to other more reputable authorities that require strict compliance, SVG’s financial regulations are less strict, providing a lower level of protection for clients. Read a complete AAFX Trading review, and you’ll see that not all things are as good as they appear.
Website: https://www.aafxtrading.com/
Address: Saint Vincent and the Grenadines
Regulated? Unregulated
Regulation
The broker has reported its incorporation in Malaysia and the operation of an office in Hong Kong. However, it does not follow any other regulations and takes the simplest and most cost-effective approach to providing financial services to international customers. As it is not regulated in Hong Kong, AAFX Trading appears on a warning list issued by the SFC, advising customers against investing with them.
The multiple negative reviews about the company’s services and the guilty verdicts for its fraudulent activities show that AAFX Trading is not dependable. Customers have encountered difficulties when attempting to take out their earnings, with the firm providing unavailing explanations as to why their demands cannot be fulfilled. Moreover, incidents of trading manipulation, falsified records of requests, and so on indicate that customers’ investments may be vulnerable to losses. Ultimately, these issues demonstrate that AAFX Trading is not trustworthy.
Trading Software
At AAFX, traders have access to two of the most popular trading platforms: MT4 and MT5. On MT4, traders can trade with no requotes, a leverage range of 1:1 – 2000:1, over 100 instruments including Forex, CFDs, and Futures with spreads as low as 0 pips, EA capabilities, and technical analysis tools featuring 50 indicators.
With the advanced MT5 platform at AAFX, traders can trade in over 1000 different instruments such as Stock CFDs, Stock Indices CFDs, Forex, Precious Metals, and Energies with a spread starting from 0.6 pips; it also gives them access to 80 technical analysis objects and other features.
Deposit and Withdrawal Method
At AAFX, quickly and easily depositing is an option. The lowest amount to deposit is 100 EUR/USD, with a variety of options available for customers to select from that allow them to find the best solution for their particular situation. Credit/Debit Cards as well as online payment services like Skrill, Neteller, WebMoney, Fasapay, STICPAY, and MoneyGram are all accepted methods of payment.
It is straightforward to complete the withdrawal process. For regular withdrawal requests, some services like Neteller may postpone releasing the funds for up to a week, thus completing the transaction in between 8 to 15 business days.
Customer Ratings and Reviews
Based on our Expert Opinion with several years of experience in Forex Trading, we have concluded that AAFX does not receive a positive ranking due to the regulations and safety concerns that came up during our research. In comparison to the 500 other brokers we assessed, AAFX’s overall score is 2 out of 10.
Conclusion
Based on our research findings, we advise against investing with AAFX. Instead, it is recommended to opt for brokers that are regulated by trusted authorities in reputable jurisdictions and offer monitored investment benefits. Thus, we urge trading only with properly regulated brokers.
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