AAFXTrading Review 2024 - Is Legit or Scam | Forexing.com (2024)

ℹ Broker Overview

🏢 Headquarters : Australia
✅ Regulators : ASIC
💵 Minimum Deposit : 100 USD
💹 Leverage : 1:500

AAFXTrading is a Safe forex broker. ✅ Regulated By - ASIC ✅ AAFXTrading Company LTD ✔ To find the more best forex brokers reviews Listed.

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  • AAFXTrading Review 2024 - Is Legit or Scam | Forexing.com (1)

    AAFXTrading has been part of the forex market for over 9 years

  • AAFXTrading Review 2024 - Is Legit or Scam | Forexing.com (2)

    AAFXTrading Allows Credit Card Deposit/Widthdral.

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Description General Information Trading Preference Payment Options Trading Features Trading Instruments Promotion Support Contact Information User Feedback

AAFXTrading General Information

👤 Broker Name : AAFXTrading
🏣 Company Name : AAFXTrading Company LTD
📅 Foundation Year : 2015
✅ Regulated by : ASIC
🏢 Headquarters : Australia
📉 Broker Type : ECN /STP

💵 AAFXTrading Minimum Deposit :

100 USD
💹 Maximum Leverage : 1:500
💱 Base Currency : USD

Our AAFXTrading Review

Trading Preference

💰 Minimum Spreads : 0.0 Pips
🎮 Demo Account :
📒 Mini Account :
✨ VIP Account :
📒 Segregated Account :
☪️ Islamic Account :
📒 Managed Account :

Payment Options

💳 Deposit Methods : Wire Transfer, Perfect Money, OKPAY, Fasapay, Neteller, Skrill and Credit Card.
💳 Withdrawal Methods : Wire Transfer, Perfect Money, OKPAY, Fasapay, Neteller, Skrill and Credit Card.

Trading Features

📊 Trading Platforms : Meta trader 4
💰 Fixed Spreads : 0.0 Pips
📈 Hedging :
📈 Scalping :
📱 Mobile Trading :
💻 Web Trading :
📰 Trading News :

Promotion

🎁 No Deposit Bonus :
🎁 Deposit Bonus :
🚀 Other's Promotion :

Get Latest AAFXTrading Promotion

Contact Information

🌐 Website : www.aafxtrading.com
📧 E-mail : [emailprotected]
☎️ Telephone : +61280035080
📮 Address : Level 4, 27 - 20 shelley King Street Sydney NSW 2000, Australia.

User Feedback

18 Reviews

Add Your Review

  1. AAFXTrading Review 2024 - Is Legit or Scam | Forexing.com (3)

    Armand Colin

    February 5, 2023 at 1:36 pm

    I am pleased that I can open an ECN account with only $100 in my wallet. This is a fantastic opportunity to get excellent trading conditions that help me make money.
    The leverage in this account is also completely satisfactory to me. 1:500 is exactly what I need. It’s not too big or too small. That’s why I don’t increase risk or overload my deposit.

    Reply

  2. AAFXTrading Review 2024 - Is Legit or Scam | Forexing.com (4)

    J.Clark

    February 21, 2023 at 7:33 pm

    When it comes down to affordable conditions this broker is definitely the one you should look closer to. There are several accounts for any needs.

    Reply

  3. AAFXTrading Review 2024 - Is Legit or Scam | Forexing.com (5)

    Damian

    March 6, 2023 at 1:14 pm

    Deposits and withdrawals are very comfortable here. With more than five almost instant methods of moving youd money, the broker provides you with a lot of flexibility. After you safely make your deposit, the only thing remains is to go out there and make money in the markets you are used to.

    Reply

  4. AAFXTrading Review 2024 - Is Legit or Scam | Forexing.com (6)

    Thomas Walker

    August 12, 2023 at 4:25 am

    I don’t know if it’s true that AAFX trading has the ASIC regulation with the headquarters in Australia👍 If it is then I have a lot of respect for this broker. Because Aussie regulation is one of the most reliable in the world. They won’t give licenses to any broker, only to the credible ones.
    What other protection mechanisms AAFX trading offers to its clients?

    Reply

  5. AAFXTrading Review 2024 - Is Legit or Scam | Forexing.com (7)

    Nyana S.

    August 16, 2023 at 10:57 pm

    AAFX Trading is a forex broker that claims to offer competitive trading conditions. They also provide various trading platforms, including MetaTrader 4 and 5, as well as a web-based platform. According to my personal experience, AAFX Trading has some positive aspects, such as a wide range of trading instruments and a user-friendly platform. However, there are also some negative aspects, such as a lack of in-depth analysis and long waiting times for customer support. Therefore, if you are considering trading with AAFX Trading, you should be very sure that it’s good, but do your own research before making a decision.

    Reply

  6. AAFXTrading Review 2024 - Is Legit or Scam | Forexing.com (8)

    Nuno Cortes

    August 18, 2023 at 7:35 pm

    Judging by the description of the broker on this site, it is quite an acceptable company. I think that if I am looking for a new broker, this company will be one ofthe first.

    Reply

  7. AAFXTrading Review 2024 - Is Legit or Scam | Forexing.com (9)

    Andrej G.

    August 28, 2023 at 8:35 pm

    There’s literally everything on the platform and I get along with this fact. I mean, I’m quite delighted by it, because such a variety of different tools allows me to maneuver. I couldn’t make up my mind about the choice of trading platform, but fortunately the broker offers a full-fledged comparison table which let me decide that MT5 is the best choice.
    Plus, conditions are also acceptable from the point of pricing, you ain’t pay any swaps or trade fees.

    Reply

  8. I am a scalper but I really want to transfer my trading strategy into the full fledged trading algorithm. So AAFX is perfect for me because I can trade on the ECN account with competitive pricing.
    In addition I can test my bots here too, as the broker is not against EA trading.
    I wish they’d also have a VPS. But this is not a big deal. You can find cheap VPS hosting anywhere these days.

    Reply

  9. AAFXTrading Review 2024 - Is Legit or Scam | Forexing.com (11)

    Jesus Cazalla

    September 17, 2023 at 4:08 pm

    AAFX has come a long way, and their decision to include the MT5 on their platform was a strategic move that prepares them for more to come in the nearest future.

    Reply

  10. AAFXTrading Review 2024 - Is Legit or Scam | Forexing.com (12)

    Lucio Pelle

    September 17, 2023 at 4:18 pm

    Of course, I am still far from professionalism, but I already feel that I can analyze the market situation more qualitatively than a few months ago.
    I think this is thanks to this company.
    Thanks to the services and trading conditions of this broker, I can develop my skills.

    Reply

  11. AAFXTrading Review 2024 - Is Legit or Scam | Forexing.com (13)

    Thomas

    October 3, 2023 at 12:21 am

    The leverage options have a very good range, which can be very good for those who can actually trade with high leverages. I am also guessing that scalpers will love the broker’s platform for the same reason.

    Reply

  12. AAFXTrading Review 2024 - Is Legit or Scam | Forexing.com (14)

    Itumeleng

    October 4, 2023 at 12:58 pm

    It wa rather surprising for me that this broker offered VIP account aside from those others with way more humble conditions.
    I’m not writing to brag about it, but I can afford this account and I should mention that the fact of its existence extremely simplifies my life.

    First of all – raw spreads. They are directly delivered from liquidity providers and thus they can be lower than on other accounts, it’s a fact, and I personally was convinced in it.

    Secondly – leverage. Mainly, high leverage does mean nothing to me because I operate huge volumes without putting my funds at risk extra time, but still some traders with fat pockets prefer using it.

    Thirdly – private conversation with CMO of the company seems to be a very exclusive offer for VIP customers.

    Reply

  13. AAFXTrading Review 2024 - Is Legit or Scam | Forexing.com (15)

    Adam Fisch

    October 6, 2023 at 1:10 pm

    I like they offer MT5 because it’s my favorite trading platform of all times. It has dozens of assets for trading, full immersion into trading with expert advisors, hedging is allowed and the number of timeframes is stunning for sure.
    Indeed, MT4 also has some of tis functionality, and I do know many traders adore trading on it, but nah, guys, my heart belongs to MT5 only.
    As for the broker, then it’s a typical brokerage compnay of the upper-class. It’s not a top-tier one yet, but it gradually climbs to the top to compete with the market’s mastadons. I guess it’ll get it.

    Reply

  14. AAFXTrading Review 2024 - Is Legit or Scam | Forexing.com (16)

    Edouard Moreau

    October 7, 2023 at 8:25 pm

    The exhaustive list of payment methods at AAFX gives me the freedom of using the one that fits me the most.
    I usually don’t use one payment mechanism for this matter. It’s convenient for me to utilize the diverse ways of depositing and withdrawing.

    Reply

  15. AAFXTrading Review 2024 - Is Legit or Scam | Forexing.com (17)

    Gaiman Iswahyudi

    October 17, 2023 at 3:20 pm

    Opening an ECN account with only a $100 deposit is the best offer currently in the market.
    Moreover, AAFX is a reliable and regulated broker, so you should have no worries about its trustworthiness which also came to my mind when I saw their tempting trading conditions.
    I appreciate the bonuses and promotions they have for newcomers and for existing clients. It adds to the overall positive trading experience with this broker.

    Reply

  16. AAFXTrading Review 2024 - Is Legit or Scam | Forexing.com (18)

    Oscar Michiels

    November 4, 2023 at 3:51 am

    I have three reasons why I became a client of this broker.
    To be honest, it’s more reasons, but I want to name three main ones.

    1) Minimum deposit size. Due to certain circ*mstances at the moment when I opened trading account I didn’t have a lot of money to deposit. Therefore, limit of $100 is exactly what I need.

    2) Leverage. Here leverage is 1:2000. As you understand, I needed a large leverage in order to get enough profit with small deposit.
    And yes, I realize that it is risky, but I know what I’m doing.

    3) Spreads and commissions. I don’t like to have to pay for anything. I don’t like spending at all. That’s why situation with spreads and commissions here is perfect for me.

    Reply

  17. AAFXTrading Review 2024 - Is Legit or Scam | Forexing.com (19)

    Ezra

    November 5, 2023 at 3:20 pm

    I finally got some time to write an AAFX Trading review. I wanted to share my positive experience with this broker a long time ago and contribute to the community by pointing out a good broker.
    Yes, I am quite satisfied with my broker and I can confidently recommend it to others. Why?
    There are a few main reasons.
    Their price structure is appealing – no trading commission and no swap fees. This provides a cost-effective trading environment.
    I’m a MetaTrader enthusiast and I am happy that this broker focused on this platform as well. The integration is perfect and the speed of execution is lightning-fast.
    The payment methods. The list of options is pretty wide. I appreciate brokers that provide many different options, aside from wire transfers and bank cards.

    Reply

  18. AAFXTrading Review 2024 - Is Legit or Scam | Forexing.com (20)

    Konstantin

    November 12, 2023 at 10:56 pm

    It’s been quite a stable trading experience for me. The MT4 platform has been a reliable partner to traders in the industry for quite some time now and it is easy to count on the platform. AAFX MT4 platform gives traders really good trading conditions to trade in the markets.

    Reply

Leave a Reply

AAFXTrading Review 2024 - Is Legit or Scam | Forexing.com (2024)

FAQs

Is Aafx a scam? ›

Based on the findings and allegations surrounding AAFX Trading, it is highly recommended to avoid this broker. Regulatory warnings, offshore operations, excessive leverage, and numerous negative client experiences indicate you could be exposed to a high risk of fraud and unethical practices.

Is Aafx trading regulated? ›

AAFXTrading.com is a fully licensed and regulated company.

Does Aafx accept US clients? ›

This entity operates outside the United States with no or limited U.S. presence. It is soliciting and/or accepting funds from U.S. customers and offering a product within the CFTC's jurisdiction.

How to check if a broker is legit? ›

Visit FINRABrokerCheck or call them at (800) 289-9999 to confirm whether a broker is registered with them. Any registered broker should also display their BSE, NSE, or SEBI registration ID on their websites. If no such ID is displayed, they are suspect. However, these numbers can also be faked.

How long does it take to withdraw money from AAFX? ›

Withdrawals are processed by us within three business days, but your bank may take up to ten days to credit your card.

What is the minimum deposit for Aafx? ›

Fixed AccountVIP Account
Lot restriction per ticker/Order1000 lotsLot restriction per ticker/Order
EA AllowedEA Allowed
Swap FreeSwap Free
Minimum Deposit$100Minimum Deposit
8 more rows

What type of account is Aafx? ›

AAFX, operating as a non-dealing desk broker with the STP+ECN model, serves as a conduit between traders and liquidity providers, predominantly relying on variable spreads. The broker's fee structure is intricately tied to the three distinct account types it offers: Fixed, ECN, and VIP.

How do I know if my forex broker is regulated? ›

How Do I Know If a Forex Broker Is Legit? You can ask the broker for their Retail Foreign Exchange Dealer (RFED) number. 10 You can also check with the National Futures Association or the Commodity Futures Trading Commission.

Is it illegal to use an unregulated forex broker? ›

It is ILLEGAL for any binary options broker to operate here in the States unless it submits to regulatory oversight by the US Commodity and Futures Trading Commission. A so-called brokerage that is not regulated by the CFTC cannot lawfully trade here, and you can't lawfully trade here with them either.

What broker can I use in the US? ›

Summary: Best Online Brokerage
CompanyForbes Advisor RatingBEST FOR
TD Ameritrade4.4Best Online Broker For Beginners And Best For Mobile App Users
Fidelity Investments4.4Best Online Broker For Everyday Investors
Charles Schwab4.3Best Online Broker For Customer Service
Tastytrade3.9Best Online Broker For Options Trading
1 more row
Jun 3, 2024

Can US traders use offshore brokers? ›

In addition to it , it is 100% legal for the US citizens to go offshore. The most important thing , is your broker regulated by the Commodities Futures Trade Commission (CFTC) and the National Futures Association (NFA) of the USA.

Why do most forex brokers not accept US clients? ›

The reason for this is quite simple - capital requirements. While a broker has to have around $100,000 - $500,000 of locked capital to obtain one of the European licenses, NFA requires quite an enormous amount of capital to be able to operate in the US - 20 million dollars.

Which broker is most reliable? ›

  • Paytm Money. Paytm Money is a relatively new entrant in the broking space, offering a simplified and user-friendly trading platform that caters to beginners and tech-savvy investors. ...
  • Zerodha. ...
  • Aditya Birla Capital. ...
  • Upstox. ...
  • ICICIdirect. ...
  • HDFC Securities. ...
  • Kotak Securities.

What to do if scammed by a broker? ›

Report Fraud

If you believe you have been the victim of a cloned broker scam or any other securities fraud or wrongdoing, you may contact the U.S. Securities and Exchange Commission to file a complaint at sec.gov/tcr. You may also get in touch with the DISB Enforcement and Consumer Protection Division at 202-727-8000.

How do you know if an agent is legit? ›

Do they seem unprofessional or disorganized? If so, it's likely that this person is not who they say they are. If you have any doubts about an agent, you should always ask to see their license. This is something that any legitimate real estate agent will be able to provide without any hesitation.

Is ATFX legit or scam? ›

ATFX is a reliable industry player that has not been involved in any major scandals. Having been on the market for a long time or being listed on an exchange are also signs that the broker is a legit entity. Warning: Be alert to cloned websites impersonating trusted brokers such as ATFX.

Is automated forex trading a scam? ›

Fx Automated Bot Trading is not a trusted broker because it is not regulated by a financial authority with strict standards. We would not open an account for ourselves with them. If you want to stay safe, only sign up with brokers that are overseen by a top-tier and stringent regulator.

Is Forex app a scam? ›

Forex trading itself is not a scam, but there are certainly scammers who use the industry as a way to take advantage of unsuspecting investors.

Is AAAFX a good broker? ›

They've been offering Forex services to traders around the world for several years. This is an award-winning broker. In fact, they have a very good reputation. In 2022, the Ultimate Fintech Awards recognized them as the Most Transparent Broker.

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