AAFX Trading is a binary options broker with favorable spreads and an iPhone or iPad for new traders. However, it’s worth noting that it has two guilty votes from the FPA Traders Court. This is not a good sign. As a result, we’ve written this AAFX broker review with a lot of caution, so we strongly recommend you avoid dealing with the broker until these problems are resolved.
Table of Contents
AAFX Trading is a binary options broker
AAFX Trading is an international binary options broker that provides various services to its clients. The company offers trading in currency pairs and CFDs on stocks and equity indices, along with commodities, precious metals, and cryptocurrencies. In addition, clients can choose from various trading tools, including the MetaTrader 4 and MetaTrader 5 trading platforms, which are available on desktop and mobile devices. The company also provides education and research resources for its clients.
AAFX Trading offers a wide range of deposit methods, and withdrawal requests can be processed anywhere. You need a good internet connection, and AAFX Trading will process your withdrawal request within three business days. The broker charges varying fees, including commissions, spreads, and margins.
It offers favorable spreads
When you start trading on the forex market, you want to ensure that you deal with a broker that offers favorable spreads. This is the case with AAFX. The broker offers a range of favorable spreads for traders of all levels. It also offers many perks, such as bonuses and incentives. For instance, you can get a 35% welcome bonus on your first deposit with AAFX. This bonus is returned to you as returns, which can be added to your regular profit.
Another benefit of trading on AAFX is that the brokerage offers excellent leverage. You can boost your deposit right away using its favorable spreads. Nevertheless, it is not advisable to use total leverage, as this could lead to increased trading risks. Moreover, the broker’s commissions will significantly affect your profit.
It offers a free iPhone or iPad to new traders.
AAFX is a brokerage that offers a free iPhone or iPad to new clients. The company also offers other incentives, including a bonus for depositing more than USD 10,000 or trading at least 250 lots. The company also offers educational videos and electronic books to help new traders learn about forex trading. You can access these on the website and the company’s channel on YouTube. You can also open a demo account and practice trading if you want to try out the broker’s services.
AAFX is committed to providing first-class service and offers services in 20 different languages. Once you open an account with the broker, you can verify your identity by uploading your identifying documentation, such as your utility bills. If you have questions or concerns, you can also contact their customer service department, which is available in several languages.
It has two FPA Traders Court guilty votes.
AAFX Trading has been the subject of two FPA Traders Court guilty votes. This means that the company is not a reputable broker and that you should use high caution if you want to deal with them. These two traders claim that AAFX traded in a way that deceived them into giving out fake reviews.
The AAFX Trading company claims to be incorporated in Malaysia and is registered as a business solutions company SDN BHD. Despite this, their head office is located in Hong Kong. Because AAFX is not regulated in Hong Kong, they have chosen the cheapest and most convenient way to deliver their services. In addition, they are listed in the SFC’s warning list, which is a sign of unregulated business.
