Their 1:2000 was the main reason why I decided to join this brokerage company. Earlier 1:500 was the highest leverage I worked with and in most cases it suited me. For example, with a depo of $700-800, I was used to trading 0,4 lots on USD/CHF and the profitability more than suited me, although it's recommended to have a larger depo for such lots. I repeat once again it was 1:500.
The very possibility to trade with 1:2000 intrigued me, although I also realize how dangerous it could be. I opened a demo account with this broker and tested currency trading with 1:2000. It turned out that with this leverage I can work with 0,1 and smaller lots. I thought that I could increase my depo to $1500 and start trading EUR/USD and USD/CHF using 0,1 lots. These pairs go in the opposite direction.
I opened a real Fixed account with this broker and tried my idea and it worked. I'm satisfied with their execution. I think in the future I will try 0,4-0,5 lots on my favorite pairs, but I also realize that I need a depo of $2000 to feel secure, but I think it will come true soon.
Because I ended up here.
It's got everything you need:
- low spreads - 0.5 points
- up to 35% bonus
- fast and effective support service.
There are many ways to make good money. It really is, there are so many ways! One of the coolest options is trading the financial markets: stock market, cryptocurrency market and Forex. I believe that you should start with the Forex market because it is easier. I'm not saying it's easy. It's just easier to start with Forex. Forex trading is when you making deals in the market without having an asset.
This is a good advantage. So I started learning to trade. I started a long time ago, 5 years ago. I want to tell you the advantages of my broker, so below will be AAFX trading reviews.
I started trading on AAFX trading demo account. This is a great chance to try Forex trading without your real money. There will be virtual money on the account. Thus, you can try how the analysis indicators work. These are special tools that are available in the Metatrader trading software. In addition to indicators, AAFX trading has a large number of trading assets including currencies, indices, stocks, metals and others.
The main advantages of AAFX trading broker are:
- leverage 1:2000;
- first deposit bonus 35%;
- bonus on next deposits 20-25%
- MT4 and MT5 trading platforms.
- Excellent support 24/7
My motivation to trade with the broker was the availability of fixed spreads on one of its trading accounts. All fine!
Have worked with these guys for a long time and have never been disappointed. Top notch platform and great customer support.
I like the trading conditions of this broker. I have been trading for three months and so far everything is ok.
Cross pairs are my favorite assets. I like to trade such pairs as EUR/GBP, NZD/JPY, AUD/CAD, CAD/JPY, AUD/NZD, EUR/CAD, AUD/CHF, CHF/JPY and many others. Perhaps, the very absence of the American dollar in them is what makes it easier to trade these assets. Earlier I traded major pairs and it wasn't an easy thing, although majors are very liquid. Cross pairs are certainly less liquid but they are much easier to trade.
You know that majors are usually traded during European and American sessions because it's when high volatility takes place. You know majors are usually calm during Asian and Pacific sessions. On the contrary, cross pairs are universal because they can be traded in the day time and at night, while the latter is more preferable for me.
As for this broker, I joined it because it allows to trade cross-pairs with 1:2000. It was a very pleasant surprise for me because as a rule brokers don't allow to trade cross pairs with higher leverage.
It's been almost two years. Tried different formats.
Stopped on MT4 and variable spreads, using bonus funds.
I don't forget about the demo either...
I have trading with AAFX Trading for several month and I can say this is hones broker that withdraw money without problems and gives chance and opportunitey to make good money.
Answer: Of course, the biggest difference is the type of spread. ECN is just variable spreads. FIXED means only fixed spreads.
Answer: Look, it's likely that there may be some peculiarities due to geographical location. I've read that it can affect certain conditions. I had a $100 limit. Also, I just checked official website and double-checked it. It's exactly like that. You probably need a hundred bucks to open trading account here.
Answer: Well, swaps, roll-overs and overnight fees are basically the part of cost to your trading that you pay to your broker for holding your position into the next trading day. That's what they don't charge.
Answer: The amount of leverage depends on the type of assets you are going to trade. And for less volatile assets like currency pairs, leverage can actually be as high as 1:2000.
Answer: Why wouldn't you need them? It is not a question of whether or not you need it, it is a question whether or not that would be extra useful for you. That's a boost, and they are giving it to you as a perk, why not use it for your own good and favorable results :))
Answer: I don't know exactly whether scalping is allowed on this platform, but I know for sure that conditions here are favorable for scalpers. Execution is lightning fast, as I'm, a daytrader, and have no complaints about it. So, I'm fully convinced of the absence of any slippages or requotes which can potentially influence scalpers' yield.
Answer: That's a relevant question I guess. Many traders are inclined to pick different methods which are the most convenient for them, and, of course, it's crucial for a broker to deliver this choice. I actually chose Bitcoin as primary withdrawal method mainly because there are certainly no latencies in transactions processing, as the technology itself is cutting-edge one, and, surely, increased safety is ensured too. And, topping it off, min. Sum for requesting a withdrawal is pretty much acceptable.
Answer: I must say I am quite satisfied with the spreads. I trade only a few major forex pairs, and I was surprised to witness a couple of times even zero spread on the EUR/USD pair. You can see from the table I have attached here that the average spread for all the major pairs is below 1 pip. Objectively these are good spreads for the ECN account type, and if you are looking for tight spreads you should consider this broker and this account. I personally recommend it!
Answer: I guess you are asking for the trading software. My advice is to start with MetaTrader 4. Why? I will explain. First, this trading app is so called the golden standard in the industry. Almost every broker has included in its offerings. Probably it is the most popular trading app in the same time, used by million of traders worldwide. Second, it is simple to use, the interface is intuitive and takes a little or no time to get acquainted with. Third, even tough it it relatively simple to use, it is powerful. Almost all the importan indicators, and other analysis tolls are included. And finally, this a platform that is suitable for every level of experience. You can find beginners just starting out on their trading journey, or professionals with decades of experience. Additionally, once you feel comfortable trading with MT4, it will be so easy for you to switch to any other trading app, as I said, it is the golden standard in trading ;)
AAFX Trading has a rating of 3.3 stars from 109 reviews, indicating that most customers are generally satisfied with their purchases. Reviewers satisfied with AAFX Trading most frequently mention demo account, long time and high leverage. AAFX Trading ranks 16th among Currency Trading sites.