AAAFx International Review 13
The AAAFX bonus has its advantages, but it's most effective when I execute precise entries, similar to a ****** approach. While it does allow me to trade larger positions, it doesn't have a significant impact when trades don't go as planned. One important thing to note is that losses can't be offset using the bonus. If I deplete my personal funds and have open trades, they will be closed at the prevailing market prices. This means the bonus has its uses, but it's essential to understand its limitations, particularly its suitability for precision-based trading strategies.
I've had no issues with the trading conditions and execution on this platform. Occasionally, I do experience minor slippages during news events, but as far as I'm aware, this is common among various brokers, especially on specific account types. The support team is knowledgeable and not overly pushy. Withdrawals are consistently smooth and come without any service fees – they're processed quickly, too. One minor gripe I have is that the KYC (Know Your Customer) process feels somewhat intrusive. Overall, it's a good platform, but the KYC requirements could be a bit more streamlined.
I like that I can now have more wallets on the A.A,A-FX dashboard. This means I can keep some of my trading profits in a reserve wallet, and when I need to, I can easily transfer funds to different accounts at the same time. It saves me time and helps me avoid margin calls because I don't have to log in multiple times.
Trading on their platform was like trying to drive a car on an icy road – clumsy and risky. The order execution was slower than a weekend at the DMV! Delayed executions are a nightmare in Forex, and AAAFx seemed to be the boogeyman.
A big shocker was the lack of regulatory oversight - yes, you heard me right. No regulation! Playing in the forex field without regulation is like walking a tightrope without a safety net underneath you - risky! The trading conditions seemed more akin to a stormy sea than a tranquil lake. The spreads were wider than the mighty Mississippi and barely seemed to shrink even during high market liquidity. This hit my trades hard, nibbling away at my profits. Order execution, another supposed trump card they boasted about was, in fact, slower than a tortoise race.
I want to share a cautionary experience I had. I applied a bonus to my trading account, and I was also using a copier with 'duplicate volume-based on equity' settings. The bonus ended up doubling my account equity. So, when the trader I was following opened a trade, it also doubled the lot size on my end. This situation highlighted an issue with AAAFX's bonus system, especially in the context of copy trading. I wouldn't recommend accepting a bonus if you plan to use copy trading – it can lead to unexpected complications, as I learned firsthand.
Since I started with AAAFX I think they have the essential features I need as a scalper. With their raw spreads, 1:500 leverage options, and low commission structure, it becomes easier for me to execute trades faster while keeping trading costs minimal. Onw big advantage is the reduced slippage I would say.
With two decades of trading experience, I believe my review carries merit. I've encountered numerous brokers over the years and seldom do I leave reviews. However, AAAFX deserves an exception. Here's why: -Consistently offers zero-pip spreads on forex pairs -Provides good leverage, up to 500x -No commissions on deposits and withdrawals, a cost-saving advantage -Executes trades swiftly -Features 1-click trading (although not recommended due to impulsive trading risks) AAAFX ticks all the boxes for what a trader needs in a broker. Credit where it's due – well done, AAAFX.
