AAFX Trading Reviews 77

I promise. The bad reviews are real. SO are this one. Didn't believe it could be like that but it is. After a smaller withdrawal they robbed the account of the earnings I've made.

I needed a broker that offers the freedom of using leverage. Very good money can be made when leverage is used correctly and this broker fit the bill. Been with them for a over a year and I have been very happy with this broker. In fact I'm thinking of making this my primary broker. Haven't had any issues. It's been awesome.

I could be wrong, but I was calculating spreads, AAFX is robbing traders blind!!!!

I was calculating spreads, and I want to share my findings as compared with other brokers. All accounts are ECN accounts.

USD/JPY
Hugo's Way .9 PIPS
FXTM 2.8 PIPS
AAFX 4.7 PIPS

GBP/USD
Hugo's Way 2.4 PIPS
FXTM 3.6 PIPS
AAFX 9.7 PIPS

UPDATE: Somebody double-check me on this. I took these pip measurements on MT5 and MT4 by subtracting the difference in the bid and ask price of each pair from each respective broker over the weekend when the markets are obviously closed.

I was looking at (myfxbook dot com slash forex broker spreads) and it seems like the spreads are pretty great, so idk, maybe I was wrong?!

AAFX IS A SCAM BROKER PERIOD!

They stole thousands from me. They changed the lot size orders once i moved all funds from my other accounts into one large account. I have ALL logs showing the change in lot sizes to overleverage the account and close it. They are NOT a true ECN as they are taking the trades other side and was unhappy that i had a winning strategy.

Please contact me if you need proof of logs, DO NOT be another that has been scammed. You will also notice that they are posting their own reviews... all of them are fake and fraudulent.

They manipulate the spreads to an extreme degree and stop hunt you. They do not give you all of your btc deposit. I deposited $150 in btc and I get 120? What a joke of a scam.

im new to this broker but as far i know they are great.
i made money on they their platform i aslo learn some lessons that they offer. thank you guys for the good work.

As a US customer, they only allow BTC withdrawals. Which is totally fine, since you can withdraw directly to your exchange and transfer to fiat. However, Aafx uses such low transaction fees (53 sat/vB), it takes between 24-48 hours for the blockchain transaction to be confirmed. Due to the volatility of BTC, anything can happen in that period of time. In my case, by the time my transaction was confirmed 36 hours later, I had lost 10% of my money. Please be aware that withdrawals from Aafx (until they increase their blockchain transaction fees) are dangerous and you can lose a large portion of your capital in the process. If you’re trading a large account, do NOT use Aafx.

Updated Review:

Wiped 5k off my profits due to a clause their trading conditions on their website which is not in the actual trading conditions you sign. ( I have a copy to prove this) which require 60 seconds trades as a minimum. Avoid this company like the plague. what a utter joke. Hope you enjoy the £5000 Profit removed from my account that is rightfully mine. complete scammers at best.

(EDIT)

AAFX trading is now confirmed to be a SCAM Broker on Forex Peace Army the best place to get trading information

2020-02-14: The Japanese Ministry of Finance has issued a warning against AAFXTrading.

2017-04-25: AAFX Trading is on the CFTC's RED List.

2017-03-29: The HK SFC has issued an Unlicensed Entity Alert against aafxtrading.com.

March 27, 2017: There is a third FPA Traders Court guilty vote against this company. The FPA now considers AAFX Trading to be a scam.

The FPA warns traders against doing business with AAFXTrading. If you have money on deposit with this company, the FPA recommends that you try to withdraw it as soon as possible.

The three cases are:

A client reported that he wanted to withdraw his funds, approximately €67,000. He was told to wait. Then is password was changed, locking him of of the account. Large trades were made wiping out the money. AAFXTrading claimed they had an email from him asking for a password change, but also claimed the email address has no headers.

Another client reported that he wanted to withdraw his funds, a deposit of €28,804 and profits of €10,346. He was told he needed to wait more than once. A few hours before he would finally be allowed to withdraw huge trades (195 lots total) were placed and a large spike wiped out his account.

Another client reported that he wanted to withdraw his funds. He had over $62,000 in his account with no trades open. He was given excuses, then his account was locked and there was no further communication from the company.

Scam Confirmation February 2017: There are now two FPA Traders Court guilty votes against this company. The FPA recommends a very high level of caution dealing with AAFX Trading until these issues are resolved.
February 2015-March 2016: Multiple fake and highly suspicious positive reviews submitted.

These guys stole £5000 from me. Don't let you be next.

Decent broker. Very high leverage. Prefer others though if im honest

So far so good. I have not had any issues with them. I have been with them for 2 years. Many people are skeptical with the withdrawing of funds. Maybe they can comment or reach out since that is people main concern.

Honestly, I'm not sure that leverage is the highest, but as I haven't found a brokerage with higher leverage than 1:2000. Ofc, it's crazy leverage and only 1-2% of traders will use it, but I'm one of them. I've used such leverage to multiply my $1,000 to $6,000 with 4 deals. The 5st deal brought me $2,5k loss, but nevermind. I achieved my goal. So, you can use such leverage rly useful, but keep in mind that risks are extremely high.

Customer service in AAFX is not existent . There should re trained all the representatives they have on the chat or the phone line . Not only they are rude and uncooperative , they always have an attitude with a NO as an answer to every request .
Execution and leverage are the only reason you may use this broker . Know , that if any issues arise , their customer service will NOT attend them . Expect a NO on any request .

I have read so far regarding this broker though am new in forex. I would like to know which account is bext in trading news , fixed acc or ECN account please I need help

I can't say for sure that AAFX is the best broker ever, but as their client I can claim the service to be good and the pricing policy especially favourable. Otherwise I wouldn't have traded with them :)
The standard account that I have assumes the minimum deposit of $100. I don't suggest anyone to start trading with that little initial capital, but you never know. May be you are a market genius? In any case beware that the max leverage at AAFX is 1:2000. Dont know what you gonna do with this information but I do want to wish you good luck if you are the chosen one to try this max leverage out on your live account :D
Spreads are good. EURUSD, USDJPY = 2 pips, GBPUSD, USDCAD, USDCHF = 3 pips, exotics are 4-6 pips. They allow trading with MT4, which is nice in my humble opinion. The company claims to have no other fees apart from spreads for traders and this is true according to my experience. I don't ever hold market positions overnight, so I can't testify there are no swaps, but at least the company claims to have none. If I were you, I would have trusted this information or asked support line directly.
BTW this is another nice thing with the broker. I don't often waste time browsing their website to find out something I need to clarify. I prefer asking support directly. Within 20 seconds I normally get the correct answer or get a link to the webpage that describes my issue at best. So feel free to use the chat-box if you have any further questions about the brokerage.

People say its important to set goals in life. Both short term and long-term. My current short term goal is to grow my trading capital to $20000. There is a special reason why I name this specific number. I’ve realised that commissions constitute a significant part of my trading expenses. Raw spreads is something that I think can bring my trading to a new level. My current brokerage AAFX offers raw spreads for VIP accounts and 20K is what makes the account VIP. Spreads are actually nice on smaller accounts too, but still I hope for better )) As long as this should be a brokerage review, I also need to mention not only spreads, but also zero swaps and very low minimum deposit. AAFX clients use MT4 platform for trading whichI also think is an advantage. What I don’t like about AAFX is their bonus program. Bonus requirements on how many lots you should trade to get the bonus are very difficult to fulfil. They distract from trading in a normal way which can cause emotional disbalance. Otherwise I see nothing to complain about. Nice brokerage!

It’s been half a year since I’ve started trading with AAFX brokerage. My previous experience with the other brokerage was OK, I was simply looking for better spreads. So here’s what they’ve got.
Fixed account type is for fixed spreads, they start at 2 pips for the most popular currency pairs.
ECN account is for variable spreads. They start with less than 1 pip and normally don’t exceed 2 pips for EURUSD and similar liquid currencies. During major economic releases spreads here widen up, so depending on your normal trading time and style you can decide whether you want fixed or variable spreads.
Other conditions are the same for these two accounts. There are no additional commissions. Minimum deposit is $100 only. If you trade with large capital, than you might want to consider VIP account. As far as I’m concerned they have raw spreads there but you can’t get 1:2000 leverage on VIP. Hope no one would ever consider trading for such an enormous leverage on 20K+ account. Better give the money for charity.
The rest of trading conditions at AAFX I guess is pretty same as everywhere. They use MT4, connection is OK, slippages happen here from time to time (as everywhere else) but this really depends on the time of the day and volatility.
People say that support is really nice here. To tell the truth I suspect there is a chat bot there. However it’s a nice chat bot, lol. He answered all my questions and it takes only 10-20 seconds to get the reply, so I don’t really mind that humans are involved in more important activities.
Withdrawals are free of charge and they are instant, which is really nice. You see, robots know how to please us :) The last but not the least is that the company accepts clients from the US. For me this was probably the main argument when I was still doubting to transfer my funds to AAFX. Forex and CFD brokerage with nice trading conditions and that is not banned in the USA - that’s a good sign, because US regulations are very strict on this matter.

I traded with AAFX trading for about 1 years. I started making constant profit since about April 2018. My first couple of withdrawals had no problems. I withdrawn money to my credit card and also to Neteller this year. After I requested a withdrawal in July for $4500, they blocked my account. Nearly 30 emails and many phone calls later, I received an email from AAFX trading stating termination of my account reason being:
"the Client has not reached the age of maturity in the country which he is resident or citizen."
I am 40years old and they have all my ID documentation to proof this. If this was true they wouldn't have verified my account. Thank God I found sarah who helped me recover my money back

Here is the list of why I give them 5 stars.
1 They call you when you need them.
2 Withdrawals take usually less time as compared to other brokers.
3 Customer support staff is friendly.
Due to above reasons, I still trade on this Forex broker and it looks like a
nice company to stick with it. I like winning the money in currency trading
and the broker is just a source for me to make easy money online using internet.

Guys are doing a good job! I’m trading with them during 3 years, once my withdrawal was stuck, we started investigation and support reacted really fast and literally in one hour we resolved the issue, which was not even connected with the broker. I was withdrawing to the bank account, and the bank has its own mess. But the guys from technical support are really cool, really helped me and calmed me down. So I recommend this broken every one, you will feel secure and you will not worry about anything :)