AAFX Trading Review: Everything you need to know about this broker

AAFX Trading Review

https://brokers-exchange.com/activtrades-review/AAFX Trading is present in the markets since 2014. They were trying hard to present themselves as reliable and trusted broker worldwide. Thus, they were operating offshore and it didn’t help much.  

Yet, we will do a step-by-step analysis of this broker and present you with its key features. Once you know what to look for you can easily determine if the broker is trusted or not. Continue reading this AAFX Trading review to see if your money is safe here.

Who Is AAFX Trading?

AAFX Trading broker operates under the ownership of AAFX Trading Company Ltd. This company is registered in St. Vincent and Grenadines. But the broker also claims to have offices in Malaysia and Hong Kong.

This might be true, but the broker mentions that in terms of regulation. However, you can’t see anywhere the license number or anything else related to the regulation.

AAFX Trading Reliable Broker Must Have
Legal name: AAFX Trading Company Ltd Transparently displayed in the disclaimer or legal documents
Regulation: No regulation Within your legal jurisdiction – local regulator
Registered in: St. Vincent and Grenadines Your country or the country whose license applies in your legal jurisdiction 
Established: 08.01.2015 The older the domain – the higher the possibility the company is trustworthy
Website: Aafxtrading.com Domain should be from local or international zones, no .xyz etc.
Financial Authorities Warnings: CFTC, HSC None
Contacts: Phone: +85(28) 19 810 79

+61(28) 00 350 80

E-mail: [email protected]

Live chat

Online form

Phone, email, social media, web form
If a withdrawal is possible: Highly unlikely Yes
Fees: Hidden fees Transparent fees – list of spread and commissions
If Active on Social Media: Yes – Facebook, Twitter, LinkedIn, Skype Often present on social media
Investor Protection: No Compensation fund

Regulation info

As can be seen on the website, the broker mentions AAFX Trading regulation in SVG, HongKong and Malaysia. Firstly, FSA in SVG doesn’t issue licenses anymore to Forex trading companies. Therefore, they can’t have any licensing there. As for the other two, the broker only mentions they are registered at certain addresses. Thus, their name is not in the Malaysian SC or Hong Kong SFC registers.

If this is not enough to confirm this illicit scam, check out the warnings. Not only that they don’t have Tier 1 licenses issued by the FCA, ASIC or CFTC, but they got multiple warnings. Primarily from US CFTC. Consequently, Hong Kong SFC has followed this path. Take a look.

AAFX Trading Profile

AAFX Trading company already lost its credibility with fake regulatory statements. This is designed only to manipulate traders into believing their legitimacy. Now that we have exposed this scam broker, we are looking for other clues.

Important to realize is that the broker tries to build upon their reputation with trading software. Yet, you can see now that trusted software doesn’t make the broker trusted as well.  Not to mention highly speculative trading conditions.

We suppose you are sick of fraudulent and misleading brokers. To choose the right one you need to equip yourself with knowledge. Therefore, we invite you to read our ActivTrades, Decode Global and CMC Markets reviews.

Trading platforms: MT4, MT5
Account types: Fixed, ECN, VIP
Financial Instruments On Offer:
  • Forex (AUD/NZD, EUR/NOK)
  • Commodities (gold, platinum)
  • Indices (Nikkei225, AU200)
  • Shares (Netflix, Pfizer)
  • Cryptocurrencies (BTC, LTC, ETH)
Maximum leverage: 1:2000
Minimum Deposit: $100
Commissions/bonuses: Hidden commission / Variety of bonuses available
Mobile app: Yes
Desktop app: Yes
Autotrading: Yes
Demo account: Yes
Education or Extra tools: Ebooks, videos, forex tools and news

Is AAFX Trading legit?

To sum it up, no. As you can see, they were providing services in countries where they are not authorized to do so. Primarily, the United States and the UK.  

On top of that, the company offers multiple shady conditions. Starting with extremely high leverage without any funds protection measures. Also, there are trading bonuses that are widely banned.

AAFX Trading Clients Reviews: What clients can tell us?

If you check any AAFX Trading broker reviews you will find the same comments. Traders mainly report issues with their balances and withdrawal procedures. But also, not rarely, they complain about their customer support.

It’s important to share your experience with any broker. That way we can prevent these swindlers from actively luring inexperienced traders. Good to know that our expert team is available to provide you with the best and most secure broker recommendations.

AAFX Trading account types

Insight into the AAFX Trading' VIP account with exclusive trading advantages

Generally speaking, AAFX Trading account types are just designed to extract more money from you. They will offer you better conditions in exchange for a higher deposit.

But have in mind they are doing that strategically. One of the best weapons in their arsenal is a bonus.  

Fixed Account

Fixed account minimum deposit starts at $100. Considering this low amount, traders might fall into the trap.

Spreads offered by the broker start at 2 pips. However, there is no information about commission or swap rates.

ECN Account

If you were expecting some significant difference from the ECN account, you can forget it. Practically, everything is the same, except for spreads.

In this case, spreads start from 0.6 pips. However, the reality might be different. The minimum remains the same as with a Fixed account.

VIP Account

The main difference comes from VIP accounts. It requires a deposit of $20.000. But in exchange, you don’t get anything.

Except for spreads starting from 0.4 pips. Still, other conditions remain mysterious.

AAFX Trading – Basic provisions

In general, there are many discrepancies with AAFX Trading company. Primarily, with their spreads.

Yet, the main problem is leverage and funds protection measures. But also, AAFX bonus.

AAFX Trading Leverage

AAFX Trading leverage goes up to 1:2000. Without negative balance protection your balance can get into deep minus in a blink of an eye.

Suddenly, you owe money to scam broker. Another problem is that the broker claims it’s regulated and regulators limit maximum leverage.

AAFX Trading Bonuses

AAFX  promotions

Since the broker is operating worldwide, but also in Europe they should comply with European regulations. ESMA rules state that bonuses are banned since 2018 throughout Europe.

Thus, AAFX Trading offers up to a 35% welcome bonus. However, you can’t withdraw bonus funds. But can you confirm what funds are made with the bonus? Definitely no. So, don’t fall for that trick.

AAFX Trading Platforms

Even though the broker provides trusted MT4 and MT5, that shouldn’t make you trust them. Indeed, these platforms are the best in the industry.

With numerous advanced trading tools, they provide everything you need for better results. Also, the platform is available on all mobile devices which makes it even more favorable. But we have to remember that there are multiple warnings against this broker.

AAFX Trading Market Instruments

In general, AAFX Trading instruments offer is quite solid. They cover 5 main categories and have a vast of trading options.

But if the conditions are not right, there is no proper use of such an offer. Therefore, you should opt for a Tier 1 licensed broker that is fully transparent.

AAFX Trading Safety and Security

In fact, the company claims to provide segregated bank accounts for deposits. But if they are lying openly about licensing does that stop them from lying everywhere else?

Absolutely not, so if you want to test it out, do it. But after all the negative reviews that would be an insane move.

AAFX Trading Customer Support

The company provides multiple contacting options. From phone numbers, e-mail, live chat and online forms.

That’s all fine if the representative is polite and professional. Thus, AAFX Trading reviews claim they are not. You can test it out easily. But only 5 days a week.

AAFX Trading Education

AAFX  Trading educational materials

As for the education part, there is nothing spectacular available. Nothing that you can’t get with highly regulated brokers.

Practically, everything is designed for self-education. But if you are looking for expert advice you should look elsewhere.

Pros and Cons of AAFX Trading Broker

Practically, the only benefit of this broker is access to MT4 and MT5 trading software. Besides, everything is extremely risky. Starting with leverage and shady non-transparent trading conditions.

On top of that, there are warnings from trusted regulators worldwide. The company offers services without necessary authorization which leaves no room for trust.

Personal experience with AAFX Trading and expert opinion of the author

As can be seen, there are multiple reasons to avoid this broker. From user-experience reviews, shady regulation statements and trading conditions.

Ultimately, the decision is yours. However, you should rethink your decision and choose your broker wisely. There are many other things that you can’t find in reviews. But our experts are happy to share that with you. If you want a reliable and trusted broker by your side, get in touch with us. Free of charge and without obligations we are there to advise you. Contact us today!


Is AAFX Trading legit?

With an average rating of 3.4 out of 111 reviews and many negative ones, it’s doubted. Also, there are irregularities with their regulatory status and multiple warnings from regulators.

Is AAFX an ECN broker?

To sum it up, yes. But also, there is an STP trading option. You can get direct access to market data and enjoy cutting-edge technology features.

How long does it take to withdraw from AAFX?

In general, withdrawals are processed within 3 business days. However, some reviews reported issues with those and you should be aware of it.

What is the maximum leverage on AAFX?

The maximum leverage is 1:2000. Have in mind that ESMA rules and worldwide regulations limit maximum leverage to 1:30.

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