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7,0%
Top 10
5,0%
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1,0%
Top 40
0,5%
Top 100
0,2%
Top 100+
0,05%
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AAX Review 2024
Minimum
deposit:
deposit:
- $1
Trading platform:
- TradingView
Minimum
deposit:
deposit:
- $1
Trading platform:
- TradingView
Trading features:
- Spot, as well as trading in futures with leverage of x100
- there is an OTC trading service and an exchanger
- profitable investment solutions
- low fixed commissions that can be further reduced via high efficiency of trades
Summary of AAX Crypto Exchange
AAX is a high-risk cryptocurrency exchange with the TU Overall Score of 1.51 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by AAX clients on our website, Traders Union expert Anton Kharitonov does not recommend working with this broker, as, according to reviews, most clients are not satisfied with the broker. AAX ranks 197 among 173 companies featured in the TU Rating, which is based on the evaluation of 100+ criteria.
The AAX crypto exchange provides favorable trading conditions. The main advantages are low fixed commissions, many assets, x100 leverage for futures trading. The exchange is suitable for active traders of all levels, as it has simple and versatile functionality. Investors will also be interested in its platform which offers several programs with fixed and flexible deposits. The referral is standard, and there is a Bug Bounty program. The exchange has one of the best training systems, and news and analytics from experts are constantly published.
NOTE!
If you are planning to trade cryptocurrencies, and not just keep your savings in crypto wallets, we recommend that you choose one of the top brokers with reliable regulation and access to trading crypto CFDs. This type of trading will help you avoid holding your cryptocurrency in e-wallets of exchanges, which quite regularly get hacked. Also, availability of leverage will allow you to trade crypto CFDs for amounts much higher than your deposit.
Traders Union experts recommend considering Top 3 companies from our rating:
Editorial Note: We are unable to verify the validity of reviews and publish all reviews, both positive and negative,
in accordance with the
Users Reviews Policy.
The AAX exchange is a platform for spot and futures trading of cryptocurrencies and tokens. There is an integrated service for the fast exchange of fiat-to-crypto. Bitcoin (₿), Litecoin (Ł), Ethereum (Ξ), Tether (₮), Bitcoin Cash, Tron, BAT, and dozens of other assets are traded on the exchange. You can deposit funds in USD, CNY, HKD, KRW, EUR, TRY, TWD, and SGD. Leverage x100 is available for futures trading. Spot commissions are 0.06%/0.1% for the maker/taker. Commissions for the futures market are 0.02%/0.04% for the maker/taker. Commissions are fixed, but it is possible to reduce them by trading with the AAB token and through bonuses in the form of rebates from the Traders Union. The exchange has a one-level referral program and investment programs (staking) with fixed and flexible deposits. There is a training academy with detailed
| 💰 Account currency: | Cryptocurrencies, fiat currencies |
|---|---|
| 🚀 Minimum deposit: | No |
| ⚖️ Leverage: | Up to 1:100 |
| 💱 Spread: | Market |
| 🔧 Instruments: | Cryptocurrencies, fiat currencies |
| 💹 Margin Call / Stop Out: | No |
👍 Advantages of trading with AAX:
- the exchange offers a large selection of popular cryptocurrencies and coins;
- spot and futures trading, futures with x100 leverage;
- low fixed commissions for trading operations and withdrawals;
- referral program with two types of bonus payments;
- the platform's own token, which makes trading more profitable;
- high level of information security (complies with CCSS);
- LSEG technology for trading with a delay of up to 90 microseconds;
- terminal in the browser, mobile application, API and FIX;
- high-quality and stable service with large trading volumes
👎 Disadvantages of AAX:
- no demo accounts;
- no call center;
- no license data is available.
Evaluation of the most influential parameters of AAX
Geographic Distribution of AAX Traders
Popularity in
42%
IN
17.8%
VE
7%
AR
6.6%
TR
5.3%
DZ
5.2%
PE
5%
US
4.6%
CO
4.5%
HK
22%
Others
User Satisfaction i
19 comments
Total score:
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Expert Review of AAX
The AAX exchange was created in 2018, and the crypto exchange of the same name was launched 18 months after the company was registered. At the moment, the platform is constantly increasing trading volumes, adding new assets and functionality. The company has several offices throughout the Asia-Pacific region. It is stated that the exchange operates officially and transparently, but there is no publicly available license data.
The Traders Union experts tested the platform and compared it with its main competitors. The functionality of the browser-based trading terminal is standard; it is the TradingView terminal without modifications. The mobile trading app can be downloaded from the official digital stores for iOS and Android. Both the terminal and the application work efficiently. At this stage, the exchange's conceptual advantage is noted: thanks to the LSEG system, the delay in the trade is no more than the declared 90 microseconds, which is a record figure.
The platform is stable, no bugs or errors were found. Fees are below the market average and are fixed. There are several options for how to further reduce them. There are no commissions for OTC trading.
The most popular cryptocurrencies and coins are traded on AAX, and it is possible to enter fiat (for subsequent exchange) directly from bank cards. The exchange did not reveal any significant shortcomings. Relative disadvantages are the absence of demo accounts and communication with technical support only through the site.
Dynamics of AAX’s popularity among
Traders Union’s traders, according to 2023 data
Investment Programs, Available Markets, and Products of the Crypto Exchange
The AAX cryptocurrency exchange offers a standard staking-based investment system. The client of the platform can transfer part of his funds to a third party for use by an exchange affiliate, who uses the financial benefits to develop his blockchain project. The exchange acts as an intermediary. The investor receives interest for providing his funds for use by the partner.
There are many programs to choose from on the platform; almost all cryptocurrencies and tokens that are traded on the exchange are available for deposits. Current programs are divided into two large groups, such as fixed and flexible deposits. The difference is that the deposit invested in the flexible program can be withdrawn at any time, it is not frozen. The deposit for fixed programs cannot be used for the agreed period. This can be a period from 7 to 90 days, depending on the stated conditions.
Most of the programs provide deposits for 7, 14, and 30 days. The average rate is 4%, but in some cases, it can be 12%, 15%, 16%, 20%, and even 60% for exclusive projects that need funds quickly. The exchange gives guarantees for deposits and all affiliates of the platform have to pass a multi-level security check.
To participate in investment programs, a client needs to select an asset and make a deposit equal to or greater than the minimum. All actions are performed in a few clicks and take a minimum of time. Interest will be charged daily following the size of the deposit, which can be adjusted (withdrawn or replenished) at any time using flexible programs. For flexible programs, payments are made permanently, for fixed ones interest rates will be paid together with the return of the deposit upon the expiration of the program.
Important!
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
AAX’s affiliate program:
The crypto exchange has a standard referral program with payments for invited users. The client needs to find a personal referral link or QR code in his personal account. They can be placed on any resources without restrictions. Each user who follows the link and registers on the exchange will become a client's referral. The client will receive 20% of his referral's commission fees.
The number of referrals is not limited. The exchange client can invite as many users as he wants. The referral status is eternal and the user remains a referral while registered on the exchange. Information on the number of referrals and payments for them is displayed in the personal account of the exchange client. Payments are made every day in the currency of the transaction when it was made.
The exchange client can receive a one-time fixed payment for each referral, who in this case will also receive a bonus. Two conditions must be met. The referral has made a total of $10,000 or more and deposited over $500 (not necessarily for a trading service, the exchange service is taken into account). When the conditions are met, the referral receives $50 to his account and the user who invited him gets $20.
Trading Conditions for AAX Users
The AAX cryptocurrency exchange does not set a minimum deposit. This means that to start trading, the client only needs to register, and he gets full access to the platform's functionality. Then the client independently determines his financial policy, using all available options for depositing/withdrawing funds. The exchange offers two types of trades, which are spots and futures. There is no leverage for spot trading. For futures trading, x100 leverage is available, which increases the risk but also allows you to significantly increase the profit from a successful trade at the expense of borrowed funds. Technical support is provided by the support center, where you can contact the specialists by leaving a personal request. The answer will be promptly sent to the email indicated by the client. There are no other ways to contact the exchange representatives.
$1
Minimum
deposit
1:100
Leverage
24/7
Support
| 💻 Trading platform: | TradingView in browser |
|---|---|
| 📊 Accounts: | Standard |
| 💰 Account currency: | Cryptocurrencies, fiat currencies |
| 💵 Replenishment / Withdrawal: | Bank cards, electronic and cryptocurrency wallets |
| 🚀 Minimum deposit: | No |
| ⚖️ Leverage: | Up to 1:100 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | From 0 |
| 💱 Spread: | Market |
| 🔧 Instruments: | Cryptocurrencies, fiat currencies |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | No data |
| ⭐ Trading features: | Spot, as well as trading in futures with leverage of x100; there is an OTC trading service and an exchanger; profitable investment solutions; low fixed commissions that can be further reduced via high efficiency of trades |
| 🎁 Contests and bonuses: | Yes |
Broker comparison table of trading instruments
| AAX | Bybit | OKX | XT.com | Cryptohopper | PrimeXBT | |
| Forex | No | No | No | No | No | Yes |
| Metalls | No | No | No | No | No | Yes |
| Crypto | Yes | Yes | Yes | Yes | Yes | Yes |
| CFD | No | No | No | No | No | Yes |
| Indexes | No | No | No | No | No | Yes |
| Stock | No | No | No | No | No | Yes |
| ETF | No | No | No | No | No | No |
| Options | No | No | No | No | No | No |
AAX Commissions & Fees
Information
One of the main advantages of the crypto exchange is low commissions on trades. The platform does not charge commissions for deposits and OTC trading. The conditions for spot and futures are as follows:
-
0.06%/0.1% for maker/taker for spots;
-
0.02%/0.04% for futures maker/taker.
If the client has a sufficient amount of AAB token in his account, he can use it to pay commissions. This is the crypto exchange's own token, which is actively traded. The advantage of paying with AAB is that the client gets a 20% discount on commission. To do this, you need to have a token in the account and activate the option to pay commission with it when the trade is being made.
| Account type | Spread (minimum value) | Withdrawal commission |
| Standard | Up to 1% per order | Yes |
Clients of the exchange can get an additional discount if they have VIP status. VIP status is given when the trading volume increases or the number of AABs in the account increases. There are four levels of VIP status, the conditions for obtaining them can be found in the corresponding section of the site. For example, to get the second level, you need to trade at least ₮50,001 (USDT) in the last month or hold more than AAB 25,000 in the account.
Discount for VIP status is determined by the level. For example, on the second level, instead of 0.06%/0.1% (respectively for maker/taker), the client pays a commission of 0.02%/0.08%. Discounts are relevant only for the spot.
| Broker | Average commission | Level |
| AAX | $1 | Medium |
| Bybit | $20 | High |
| Bitfinex | $0.1 | Low |
Contacts
| Foundation date | 2018 |
| Registration address | 36, Carpenter Street, #02-01, Carpenter Haus, Singapore 059915 |
| Official site | https://www.aax.com/ |
| Contacts |
Email:
support@aax.com,
|
Disclaimer:
Your capital is at risk. Cryptocurrency trading can be extremely risky. Cryptocurrency trading can lead to large and immediate financial losses. The volatility and unpredictability of the price of cryptocurrency relative to fiat currency may result in significant loss over a short period of time. Transactions in cryptocurrency may be irreversible, and, accordingly, losses due to fraudulent or accidental transactions may not be recoverable. The nature of cryptocurrency may lead to an increased risk of fraud or cyber attack.
Read also about other cryptocurrency exchanges:
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FAQs
Do reviews by traders influence the AAX rating?
Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about AAX you need to go to the broker's profile.
How to leave a review about AAX on the Traders Union website?
To leave a review about AAX, register on the Traders Union website or you can also leave a review through Facebook.
Is it possible to leave a comment about AAX on a non-Traders Union client?
Anyone can leave feedback about AAX on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.
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