AAFX Fees and Minimum Deposit - TU Expert review
While reliability is paramount, fees and minimum deposits are crucial factors when choosing a broker. Lower fees with diverse options make a broker more attractive for trading. The minimum deposit is another important factor for new traders who may not have a substantial amount to invest immediately.
Traders Union analyzed AAFX fees, minimum deposit requirements, and commission structure to assess their suitability for beginner traders.
Short introduction of AAFX
AAFXTRADING is an STP and ECN broker, which was founded in 2014. The broker is headquartered in Hong Kong and has offices in Australia and in Saint Vincent and the Grenadines. The company offers its clients access to trading 7 classes of trading instruments, including currency pairs and contracts for difference (CFDs) on stocks, equity indices, precious metals, energies, commodities and cryptocurrencies. AAFX Trading Company Ltd is a registered online trading broker with the company number 22916 IBC , based in Saint Vincent and the Grenadines. Read more about AAFX Available Countries.
| 💰 Account currency: | USD, EUR, GBP |
| 🚀 Minimum deposit: | USD 100 |
| ⚖️ Leverage: | Up to 1:2000 |
| 💱 Spread: | from 2 pips (Fixed), from 0.8 pips (ECN), from 0.7 pips (VIP) |
| 🔧 Instruments: | Currency pairs (62), CFDs on stocks (64), indices (11), metals (2), energies (3), commodities (8) cryptocurrencies (2) |
| 💹 Margin Call / Stop Out: | 50%/20% |
AAFX Commissions and Fees
Traders Union experts analyzed the policy of charging commissions on AAFXTRADING. The broker charges commission as a spread. The amount of the spread varies depending on the type of the trading account. The spreads on the platform are either fixed or floating. A fixed spread on AAFX is 2 pips. Minimum floating spread for EURUSD is 0.7 pips, average spread for EURUSD is 0.8 pips. The broker does not charge other commissions.
| Account type | Spread (minimum value) | Withdrawal commission |
| Fixed | from $20 | No |
| ECN | from $8 | No |
| VIP | from $4 | No |
A broker is an intermediary between a trader and an exchange. Therefore, brokers charge fees for their services. The fees may have different structure.
There are the following fees in the Forex market:
-
Spread – the difference between the buy and the sell price of an asset.
-
Commission per lot.
-
Commission per trade.
Broker fees may differ depending on the trading account type. For example, on some accounts spread is used as a trading fee, and on others – commission per lot.
AAFX Minimum deposit
How to Start Making Profits — Guide for Traders
AAFX offers 3 account types. They differ by the amount of minimum deposit, types and size of spreads, etc. Marginal trading with leverage up to 1:2000 is available to traders. Minimum deposit on the platform is USD 100.
Account types:
Demo accounts are available for all types of trading platforms.
AAFXTRADING is a broker that provides traders with direct access to liquidity provides, free choice of suitable type of spreads and an opportunity to open a trading account that meets their financial possibilities. If you want to learn how to make money on AAFX, read the Traders Union article.
AAFX Trading - How to open, deposit and verify a trading account | Firsthand experience of TU
Brokers similar to AAFX
When analyzing AAFX, it is important to compare it with other similar companies. Before you choose a broker, it is important to compare its trading conditions with competitors. Traders Union analysts have prepared a comparison of the minimum deposit and other trading conditions of AAFX and other brokers.
Comparison of AAFX with other Brokers
| AAFX | RoboForex | Pocket Option | Exness | Deriv | 4XC | |
|---|---|---|---|---|---|---|
|
Trading platform |
MT4, MT5, Web platform |
MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader |
Pocket Option, MT5, MT4 |
Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 |
Deriv bot, Deriv MT5, Derivix, Deriv Trader, SmartTrader |
MT5, MT4, WebTrader |
|
Min deposit |
$100 |
$10 |
$5 |
$10 |
$1 |
$50 |
|
Leverage |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
|
Trust management |
No |
No |
No |
No |
No |
No |
|
Accrual of % on the balance |
No |
No |
No |
No |
1.00%% |
No |
|
Spread |
From 0.7 points |
From 0 points |
From 1.2 point |
From 1 point |
From 0 points |
From 0 points |
|
Level of margin call / stop out |
No |
No |
No |
No |
No |
No |
|
Execution of orders |
Market Execution |
Market Execution, Instant Execution |
Market Execution |
Market Execution, Instant Execution |
Market Execution |
Market Execution |
|
No deposit bonus |
No |
No |
No |
No |
No |
$50 |
|
Cent accounts |
No |
Yes |
No |
No |
No |
No |
| AAFX | RoboForex | Pocket Option | Exness | Deriv | 4XC | |
|---|---|---|---|---|---|---|
|
Forex |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
|
Metalls |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
|
Crypto |
Yes |
No |
Yes |
Yes |
Yes |
Yes |
|
CFD |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
|
Indexes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
|
Stock |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
|
ETF |
No |
Yes |
No |
No |
No |
No |
|
Options |
No |
No |
No |
No |
Yes |
No |
Could I recommend AAFX to a beginner trader?
Analysis of AAFX shows that the broker has a rather high minimum deposit. It could pose a problem for traders, who are only starting their path in trading. Nevertheless, the fees are low. Therefore, the broker will be a good choice for professional traders.
FAQs
What spread can be considered low?
Ideally, the spread should be at 0.1 pips for EURUSD. However, if the spread is lower than 1 pip, it can also be considered a low level.
Can the level of fees differ for cent and standard accounts?
Yes. On cent accounts, the fees are generally lower than on standard accounts.
What fees may be charged on ECN accounts?
As a rule, the fees are minimal on ECN accounts, with the spread rarely above 0.1 pips. Commission per lot may be charged.
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.