AAFX Trading reviews: any good for cryptocurrencies?

[Felsa]

That’s correct. Only a withdrawal process can be the final evidence about broker being a scam or not. From what I see, AAFX offers a rather big leverage. It can be a powerful  weapon in fighting the markets. And I’m wishing you a good luck!

Thanks! Yes, the max leverage is 1:2000 for most of the assets, but its smaller for Bitcoin. Anyway, I’m not fond of using too much of the leverage anyway. I think the max reasonable lever is 1:100. Whatever is more is too risky. Unless you have some special trading strategies to make use of a bigger ratio. BTW I’m nearly done with my turnover. Making 5-10 trades a day using 5 minutes timeframe makes it not that difficult. I expected to have more trouble, but I did not realize before, that both entry and exit count for volume.

Didn't you say that daytrading is too tiring?

[Sajinn]

Yeah, that's why I'm trying to trade upper timeframes now. With 1H timeframe I have to leave lots of trades overnight  (speaking of AAFX that's actually very nice that they don't have overnight fees and swaps). Some can last a week or so. It's less stressful than daytrading. Yet, this is still not investment as each trade has both stop loss and profit target. In investments you can limit the risks, but you should leave the target somewhere in the moon area
The other good point about 1H timeframes is that  they technically work better. Especially with Bitcoin.

[labonikhatun]

There will be risks in every job so no matter what you do you need to know the basics by analyzing the market well. AAFX Trading Review looks a lot better to me it is much easier to make a profit when investing in Bitcoin. Gives the maximum profit and the amount of fee for exchange is much less first you have to analyze before you start it is very difficult to give accurate information because the market is not stable.

[Felsa]

Yeah, that's why I'm trying to trade upper timeframes now. With 1H timeframe I have to leave lots of trades overnight  (speaking of AAFX that's actually very nice that they don't have overnight fees and swaps). Some can last a week or so. It's less stressful than daytrading. Yet, this is still not investment as each trade has both stop loss and profit target. In investments you can limit the risks, but you should leave the target somewhere in the moon area
The other good point about 1H timeframes is that  they technically work better. Especially with Bitcoin.

Interesting observation @ upper timeframes. I've noticed smth like that with all alts as well. They really react well to major resistances and supports. The higher is the timeframe, the better is the reaction. 

There will be risks in every job so no matter what you do you need to know the basics by analyzing the market well. AAFX Trading Review looks a lot better to me it is much easier to make a profit when investing in Bitcoin. Gives the maximum profit and the amount of fee for exchange is much less first you have to analyze before you start it is very difficult to give accurate information because the market is not stable.

yeah, leverage is a definite pro of this broker. no matter whether you invest or daytrade using TA.

[Grirdred]

What about executions at AAFX. I'm rather interested in trying forex as well and at the moment I'm looking for a decent broker. I had a look at this one and I loved the trading conditions. I'm just wondering whether these conditions are not the result of a poor overall service. Huh?

[Sajinn]

I guess the excecutions here can be evaluated as average for the industry. I didn't try fixed spreads, so can't tell about that type of account, but floating spreads are ok, as well as executions. I've never had positive slippages here, but negative ones were not that bad  for sure.

[highnayem34]

I was used to liked AAFX they have very good support for all the assets They offered no commission & offer 40% bonus to the new account. You can withdraw the bonus. They will give u 60 days to trade. And if u achieve bigger volume u can withdraw the bonus.

[Grirdred]

Thanks for letting me know. On the one hand that's a relief, on the other - that means I need to save some money for the first depo.

[Felsa]

I guess the excecutions here can be evaluated as average for the industry. I didn't try fixed spreads, so can't tell about that type of account, but floating spreads are ok, as well as executions. I've never had positive slippages here, but negative ones were not that bad  for sure.

LOL I think positive slippage is a kind of 'pot of gold under the rainbow' thing. There is the myth, but noone had a chance to get the first hand experience

[Sajinn]

true, I've never met a person having a direct positive slippage experience. But that could be a nice marketing trick though for brokers to promote they can actually have positive requotes or slippages. Like a free lottery that you never win, but that's a nice feeling to know you do have a chance  

[Cordillerabit]

Currently I'm looking for a decent brokerage that would allow trading both traditional assets and bitcoin. To tell the truth, I'm not that much interested in alts so far, but Bitcoin still seems to be interesting in a long-term perspective.
I liked AAFX for they have really attractive spreads for all the assets, no commissions and most importantly currently offer 40% bonus to new account replenishments. The claim is the bonus is withdrawable. Did anyone work with this brokerage? Is it really withdrawable? How difficult is it to complete the requirements for bonus withdrawal?

is this available in the philippines sir?

[Grirdred]

true, I've never met a person having a direct positive slippage experience. But that could be a nice marketing trick though for brokers to promote they can actually have positive requotes or slippages. Like a free lottery that you never win, but that's a nice feeling to know you do have a chance

I have finally decided to open a real trading account. I deposited $200 and started trading currency pairs, using 0,01 lots and 1:500 leverage. Well, these are not big volumes but I want to gradually move from demo trading to real one and such volumes are OK in this regard.

[Sajinn]

I guess you shouldn’t stay with 0,01 for a long time because this way you can get used to false safety – you will not care about losses because they aren’t so scary.

[Adoragamand]

You are right. It’s hard to succeed in trading without an everlasting feeling of risk no matter what you are trading.

[Grirdred]

Of course, I will do this soon. I’m interested in AAFX, in particular, their withdrawable bonus. So, soon I’m going to shift to 0,1. As for 1:2000, I think it’s too early for me to try this stuff.