AAFX Review 2021: Is AAFX Legit Broker Or Just Another Online Scam
AAFX Review 2021: Is AAFX Legit Broker Or Just Another Online Scam

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. Last week I opened an account with AAFX Trading broker. I thought for a long time but still made this decision. A friend of mine is trading here and is very impressed with some of the conditions. After his AAFX Trading review, I decided to open an account here too.

scammed by aafx trading

I trade with the globally regulated broker which gives me the much needed confidence in the safety of my funds. And it’s the mandatory condition while trading forex markets. When it comes to the commission for deposits and withdrawals, the broker remains untransparent. Looks like the idea is to deposit and find out. The company names its address Suite 110, 12 South Bridge, Edinburgh EH1 1DD Scotland, United Kingdom.

Ideal broker

Perhaps I’m an eternal optimist but I think that those times are already in the past, when a good broker can just rapidly become a scammer and betray its clients. Anyway, companies-shifters are left behind in the past 20 years ago. If you keep judging all Forex companies by their regulation and some hyped article, you might end up thinking that honest Forex brokers simply do not exist. Here’s a question though, why do people manage to earn on here all the same – and on AAFX as well? Support can be different, and when I write about support from a brokerage I mean its trading conditions, training and other stuff. So I would not say that the broker only seeks to profit from the clients and gain at their expense.

No matter what, you won’t be charged any commissions. Plus, you can easily trade on many instruments with a high amount of leverage. Justin is an active trader with more than 20-years’ industry experience of working for big banks and hedge funds. He has an inside knowledge of how the financial markets work, thanks to roles including trader on a $750m Event-Arbitrage desk and CRO and COO of hedge funds running a variety of strategies.

  • Because leverage is directly related to risk, it is provided in small amounts.
  • He was given excuses, then his account was locked and there was no further communication from the company.
  • We are committed to the fair handling of reviews and posts regardless of such relations.
  • I thought I would make great money on scalping as AAFX spreads are extremely small, but trading conditions are a bit limited.
  • We found the AAFX Trading broker has a negative reputation.

Add to this flexible choice of trading platforms that are different from each other. The AAFX Trading trading platforms are MT4 and MT5. The most common sign of broker scam or Forex trading scam is that the broker is either not regulated at all or has a low quality regulatory license.

Broker

The first one pays less taxes and can provide more flexible services, while the second receives better quality services and pay less commissions. The second unique feature is their commission-free ECN account. As you know, today all brokers charge fees for tight spreads on their ECN accounts. At first, I was happy about that but then I discovered one intricacy. So, the company doesn’t allow to hold a trade for less than sixty seconds. Even if you try to break this law and manage to earn something for less than a minute, your gain will be taken by the broker.

If we talk about the procedure of withdrawal of funds, it is notable for its simplicity and at the same time, everything is loyal with commissions and spreads. To me, not everything in this article matches how it all really is. Yeah, the brokerage has a little problem with the registration, and it’s registered off-shore. But a lot of brokers don’t have any registration at all, and they work quite well.

I received all the money that I took out for these 5 years. I have never (!) expected money for more than a day. I think the reputation of this company has long been positive and justified by the feedback from many satisfied customers.

scammed by aafx trading

I myself have been trading with them for no more than a year, but after meeting them I left other platforms, here for my strategy the best trading conditions! Two colleagues at work have been trading with this DC for about 8 years, https://forexbroker-listing.com/ they have never complained. 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.

It uses proprietary platforms.

If you're fond of such exclusive conditions and you really like them. Then you should pay attention to this broker and try to work with it. I spent too much time on searching for a broker, which can offer me such conditions which will satisfy my needs. Finally, I stopped at this broker and I'm happy that I made such a decision.

Some less than honest brokers will be aggressive with clients and encourage them to make certain trades. Sometimes, in Forex trading scams, the fraudulent broker only offers their own platform, which may turn out to be fake. As you will see in this AAFX Trading review, a broker is a company that provides its customers with access to platforms that allow them to buy and sell foreign currencies. Some common names for Forex brokers are retail forex brokers and currency trading brokers. This AAFX Trading review is meant to show you all the features about this broker, and sum up all the reviews online.

scammed by aafx trading

This information helps you to find your points of must. We use dedicated people and clever technology to safeguard our platform. People aafx trading who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active.

It is clear from the above segment that AAFX Trading does not have regulations from the countries of Hong Kong and Malaysia. Furthermore, we also found out that AAFX Trading is actually based out of Saint Vincent and the Grenadines. For those of you who do not know, Saint Vincent and the Grenadines is an offshore zone with no regulatory bodies. Therefore, the companies that are registered here are no less than a scam. This raises the first red flag in AAFX Trading Review. When I was looking 4 a broker, I was convinced that this is always a compromise between solidity and functionality.

Scammed by AAFX Trading? What to do?

The reason why I decided to work with the broker is that it offers a trading account with fixed spreads. From my point of view, night is the best period for trading because it’s less stressful compared to what I see in the daytime. It feels like everything is sleeping and I don’t feel a big stress when trading during this period.

How 1:2000 leverage can be used in real life trading. What are the advantages of highly leveraged trading?

Moreover, the broker allows copy trading where new traders or those without time to do trading research can replicate the trades of professional traders. I am the current AAFX client and I didn’t know they’ve got an offshore registration. It started bothering me now after I read the article.

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