Ummm... In my own case, I didn't. As a student, I felt like the perfect account for me was the easy bank. I do not get to use many of the tools offered on the easy money, so I just decided to go for the easy bank. However, if you travel a lot, or make a lot of transactions and need a level of automation on your account, then you can go for the higher plans.
This depends on your goals and your account size.
If you want to build up your account size, then you should trade with a larger leverage ratio. I wouldn’t advise that to be more than 1:200.
If your goal is to make a stable profit each month, but at the same time your priority is to protect your account, then you should opt for a much lower leverage ratio. Maybe 1:50 would be enough.In the end, this depends on many personal preferences, level of experience and how good you are with your risk-management skills.
Using higher leverage requires solid and disciplined risk management.
Better for what type of trading? Pick the account according to your trading needs, not just because someone told you that one is more superior than the other.
If you don’t know your needs, then maybe it’s too early to commence trading on the real account.
Open AAFX demo and trade until you realize what your needs are.
Yes they do. And not only for deposits, you can withdraw your profits in bitcoin too.
If you haven’t experienced this payment method so far, I strongly encourage you to give it a try. YOu will see the difference. But I guess you know the advantage and maybe that’s why you are already considering this option ;)
You certainly can. If you are a risk-prudent trader who loves taking well-calculated risks with a decent size and level of leverage, AAFX trading is just the right broker for ya. They are known for offering high levels of leverage to traders who choose to trade with it. You can select your level of leverage of choice on the platform easily.
Both meta platforms are pretty good at that. I would personally advise using metatrader 5 because it is a newer, more powerful and frankly a cleaner version. More advanced features, a more modern look, more indicators that could help you scalp etc.
There are some restrictions but they start from the $20,000 deposits. When you reach those numbers your leverage will be automatically reduced to 1:1000.
And when you’ll manage to earn $50,000, then you won’t be able to trade with leverage higher than 1:500.
Those are the only restrictions that I know about regarding leverage.
You need to know that the broker provides the highest leverage on the forex market. On top of that this leverage is not fixed and you have to trade with just one level once and for all. You can adjust it to your trading demands easily through the request in your personal account.
I personally don’t trade with leverage this high, but I definitely appreciate the company that gives you the choice to pick a convenient leverage for yourself.
There are some differences, but not that much. Between MT4 and MT5, the difference is that MT5 is more modern and can give you slightly better technical capabilities as a trader, as it can support more assets, more timeframes, more indicators. But, you are not going to use them all anyway. You only need a few. So, I would say just try both and see what you like the best. If you find yourself in a position where you like the classic look better, just go with MT4. If not, and you like the modern interface, you can go with MT5.
I wanna make money on cryptotrading!
My experience is not very extensive, so I want to ask experienced traders a question.
What trading platform is better to use to trade cryptocurrencies with AAFX Trading?
It really is a question of preference. The MT4 and MT5 are capable of trading the cryptocurrencies available but I use the MT5 as my platform of choice.
I am not an expert in the field of religion, but I know many traders from the most religious Arab countries and they have no trouble with forex trading.
I am sure you have heard about the swap free accounts available at aafx trading broker. Nevertheless, you still have doubts after such trading.
I will not convince you of anything, because religion is a personal matter for every person. However, as I mentioned above, a lot of my friends from Arab countries are successfully doing forex trading, of course without swap.
How did you decide which terminal to choose to work with this broker? Maybe there are some general recommendations or are you guided by your own personal feelings?
Any recommendations would be helpful.
Mostly you should be guided by your own personal feelings of course, but how can it guide if you don't have any experience? Its easy my friend. Terminal should be comfortable for you, friendly. All tools, indicators or windows should help you but not to disturb.
For me its all intuitive and all options on aafx are suitable. Thats is a reason why I do sucsessful trading.
Sure, AAFX Trading is Incorporated in Saint Vincent and the Grenadines and hs its own registration number. Moreover, aafx is incorporated in Malaysia. It also has office in Hong Kong. If you want detailed information, then you can visit website "About us" -> "Regulation". Detailed information is contained in this sector
I decided to save my funds in bitcoin as I think of this cryptocurrency as the most ambitious financial instruments nowadays. Surely, I would like to use a part of this money in trading and depositting my trading account. The question is pretty simple: can I use my bitcoin wallet as a payment method with aafx?
SURE! They offer bitcoin as a payment method for both: deposits and withdrawals.
While not many brokers offer crypto as a payment method, AAFX Trading is one of few out ther that provide this convenience. And if you ask me, since they provide this option, it is recommended to use because you will save much on transaction fees and commissions if you do it with bank transfer. Another thing that is a big advantage: the transfer is executed almost immediately and it’s safe and secure.
Go for it!
It is often said that the lower the leverage, the better trading for beginners. Of course, this is not true. When I just started working with AAFX Trading, I called their specialists and they advised me, as a beginner, to start with not less than 1:500 leverage.
What usually characterizes a beginner? A small deposit...
Tell me, how is it possible to trade with a small deposit of $100-300 without using leverage? Can you go in with one lot with such a deposit? Physically impossible... That's why 1:500 is what you need for beginner's trading
I heard that 1:2000 leverage is offered here. That’s new for me. It attracts me with higher returns, but at the same time I want to be cautious. Should I decrease my lot size if earlier I traded with 1:200 leverage?
1:2000 leverage will stay up to $20k account size in the standard account like FIXED AND ECN and after that, it will down to 1:1000 and further drop down to 1:500 after $50k account size. Possible to upgrade to VIP account and keep extreme leverage for big account sizes.
For night trading you will definitely be best suited to Fixed Accounts. As you know, spreads widen at night due to low volatility and this may not be very convenient in terms of profit.
In addition, it is believed in vain that no important news are released at night, which can cause spreads to widen.
I have noticed many times that often by the end of the American session, some significant event happens and the price can change by 100-200 pips.
This, too, can have an unpleasant effect on the size of your spread. So yes, I can only recommend a fixed account from AAFX Trading.
I want to ask one question about night trading here. My friend told me that this broker is good for night trading. As I understand, it has to do with a specific trading account. Do you have a trading account best suited for night trading?
The broker does have an account that is most suitable for night trading. It's a Fixed account. This account has fixed spreads, and for night trading, that's what you need. As you know, in a low volatility environment (which is exactly what night trading is), the spreads widen considerably and, as a result, your profits are smaller. Especially here the spreads are small, only 2 points, when other brokers offer spreads up to 4 points on fixed accounts.
In addition, when you go overnight, there might be a big spread and your positions will close with a minus.
This is an interesting question, especially because I was going to open an account with another broker today and I asked the support team about the recommended leverage for beginners.
The specialist advised me to choose high leverage, even though I am a beginner trader. We had a long talk about it and he convinced me that I should open an account with big leverage of 1,000 or even more. Now that I choose AAFX Trading broker, I will open account here with highest leverage up to 1:2000, in spite of the fact that I'm a novice trader.
The only advice I can give to you is to enjoy trading actually. This broker offers everything ordinary trader needs in order to run successful trading activity. Nevertheless, if you have any questions or issues, then you can always apply to customer support, they response you quickly.
First of all, I would like to clarify what kind of commission you are referring to in your question, whether you mean commission for trading or withdrawal. But I will try to answer both questions for you. Unlike many other brokers, AAFX Trading offers its clients three different types of accounts, all of which are commission-free: the Fixed account, the ECN account and the VIP account. Of course, the broker has trading spreads, but even here we can say that they are minimal. The withdrawal fee is 0%. The only thing is that some banks can take their additional commission, but it does not depend on the broker and you should check about this with the technical support service of the particular bank.
I think that trading with a leverage of 1: 2000 is a risk and you should trade when the market is calmer. It's my opinion. For example, if there is no news that can unpredictably affect the price of an asset.
I trade on the MT4 platform the old fashioned way. I would like to switch to MT5, but I'm not sure if it makes sense. Tell me, is there a difference between the trading conditions for different platforms at broker AAFX?
What should you choose - MT4 or MT5? There is no definite answer to this question. Adherents of trading on the stock market should choose the 5th version. Traders who prefer to use in trading the expanded tools of advisors and indicators, will be more accustomed to use the 4th version. Those who want to constantly build and create new algorithms will prefer version MT5.
As a matter of fact, the choice of traders depends on their personal preferences and habits, tactical and strategic nuances of trading. Beginner traders can easily test both versions on a demo account.
I work with this broker on fixed spreads. It seems to me to be more reliable. But do ECN accounts have their own advantages? Please share your experience of trading this type of account with AAFX.
I want to say that there are such moments in trading when floating spreads become smaller than those on fixed accounts. As you become a more professional trader, you will learn to understand this.
The good news is that AAFX Trading provides good trading conditions and you will succeed!
If you are referring to the minimum amount to open a deposit, it is only $100. Of course, this amount is very small to be able to trade with good profits. But if you take trading seriously and do not use high-risk strategies, this amount might be enough to start profitable trading.
Such leverage can only help you if you have extensive experience in Forex trading and feel the market. Many novice traders do not understand this and think that they will leave. But forex is not a casino. There is no luck here. AAFX Trading has analytics and you can independently do analytics using the news on the site and analysis tools in the MetaTrader trading platforms.
Accounts balances up to 20,000 USD can access leverage from 1:10 to 1:2000 depending on the asset class being traded. Account balances above $20,000 have a maximum leverage of 1:1000.
I know that the average spread of FxPro for the most common currency pair, EUR/USD, is 1.7 pips. That will also depend on the account type though.
By the way, you can view the table with fixed spreads on the brokerage company's official website.
The trading conditions in AAFX MT4 are excellent. There are tight spreads from 0 pips. There are about 100 available assets, including Bitcoin. By the way, it is not in MT5. You can trade cryptocurrency only in MT4. And the minimum deposit is $100, like in AAFX MT5.
It’s all about your individual preferences. Today many traders stick with Metatader 4 because it’s a classical tried and tested solution that has everything required for successful trading. On the other hand, Metatrader 5 is an improved version of its legendary predecessor. It boasts more timeframes and the depth of the market feature. The latter allows you to learn who currently dominates the market by simply monitoring the actual number of selling and buying orders.
Yes, there are many videos and ebooks for those who wants to learn trading in AAFX. Traders can study technical analysis, Forex basics, strategies and other threads.
There's also redeposit bonus for traders, it's as far I remember up to 30%. The bonuses are withdrawable (both redeposit and welcome ones), so after you fullfill requirements, you're eligible to withdraw it.
AAFX have 35% welcome bonus for new clients with min deposit of 500 or more. And it also have redeposit bonus of 25% for every redeposit of 500 and 30% for every redeposit of 1000 or more. Bonus credit to your trading account after the first deposit. If you start trading before receiving the bonus, the account can't claim the bonus. I suggests you to wait for the bonus to be credited first in your account after that you can start trading.
In general, it's very cool that AAFX makes bonuses available to all clients. As for me, it's nice to get them and a very profitable offer from the brokerage itself. I myself am very pleased when I see the bonuses on my deposit.
Look, there's personal managers and support. You can always reach out to them. Plus (I don't know where you live), but this company has some real offices that you can visit to get acquainted with all the working conditions.
And don't forget the training materials, they're of high quality here...
Of course. This is very important.
There is a support team here so that you can quickly resolve any technical issue.
And also this company has physical offices - that is, you have the opportunity to personally communicate with a specialist and ask all the questions you are interested in.
