Overall Rating: ★★☆☆☆ (2.7/5.0)

AAFX Trading is an offshore forex and CFD broker established in 2010, offering MetaTrader 4 and 5 platforms, high leverage up to 1:2000, and a wide range of tradable instruments including forex pairs, stocks, commodities, indices, and cryptocurrencies. While it promotes commission-free trading, zero minimum deposits, and bonus incentives, the broker operates without top-tier regulation, raising concerns about safety and transparency. This AAFX review explores its features, pricing, and overall reliability.

Key Features

AAFX Trading provides a low-barrier entry into trading, appealing to new and high-leverage traders.

• Platforms Offered:
  • MetaTrader 4 (MT4) and MetaTrader 5 (MT5)
  • WebTrader and mobile apps
• Asset Coverage: Over 200 instruments, including major/minor forex pairs, US stocks, indices, commodities, and crypto CFDs
• Account Types:
  • Fixed, ECN, and VIP accounts
• Leverage: Up to 1:2000, adjustable within the client portal
• Bonus Programmes:
  • Up to 35% deposit bonus, with double deposit promotions available for new clients

Regulation and Security

AAFX operates offshore, with no tier-1 regulatory licensing.

• Regulatory Status:
  • Registered in St. Vincent and the Grenadines (SVGFSA)
  • No regulation from FCA, ASIC, CySEC, or similar authorities
• Client Fund Protection:
  • Claims to use segregated accounts, but no independent verification or audit reports
• Investor Compensation Scheme: None available
• Data Security: SSL encryption, but no formal data protection certification

Pricing and Costs

AAFX promotes zero commission trading with competitive spreads — especially on ECN accounts.

• Spreads:
  • Fixed Account: 2.0 pips fixed
  • ECN Account: From 0.2 pips, with commission
  • VIP Account: Custom spreads, based on volume
• Commissions:
  • Fixed Account: No commission
  • ECN: Around $6 per lot round-turn
• Minimum Deposit:
  • No minimum, but ECN/VIP require higher deposits (from $500–$20,000)
• Deposit & Withdrawal Fees:
  • No internal fees, crypto deposits available
• Inactivity Fee: Charged after prolonged periods without trading

Educational Resources and Customer Support

AAFX provides basic educational tools and multilingual support, though depth is limited.

• Education:
  • Forex glossary, tutorials, FAQs, and platform guides
  • No webinars or structured learning for advanced traders
• Market Research: Daily market updates and occasional technical/fundamental outlooks
• Customer Support:
  • 24/5 via live chat, email, and phone
  • Multilingual service in English, Arabic, Malay, and Spanish

Risk Management Tools

AAFX supports standard MT4/MT5 risk controls.

• Risk Tools:
  • Stop-loss, take-profit, trailing stops, margin alerts
• Leverage Control: Clients can adjust leverage in their dashboard
• Negative Balance Protection: Claimed, but not contractually guaranteed
• Islamic Accounts: Swap-free trading available on request

Pros and Cons

Pros

• MT4 and MT5 with ECN pricing options
• High leverage up to 1:2000
• Zero minimum deposit and flexible accounts
• Supports crypto deposits and withdrawals
• Bonus promotions for new clients

Cons

• Unregulated by tier-1 authorities
• No verified investor protection or fund safeguards
• Limited educational resources and no structured training
• Reputation concerns due to offshore jurisdiction
• Inactivity fees and bonus conditions may apply

Conclusion: Is AAFX the Right Choice?

AAFX Trading is a high-leverage, low-entry broker with decent platform access and ECN pricing. It may suit experienced, high-risk traders who prioritise leverage and fast onboarding over strict regulation. However, its offshore registration, lack of investor protection, and limited educational tools make it unsuitable for cautious or beginner traders.

If you understand the risks of trading with an unregulated broker and seek flexibility with MT4/MT5 and crypto funding, AAFX could be an option — but proceed with caution.