aaafx vs FXCM, Updated for 2024
aaafx Rating
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FXCM Rating
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Trading spot currencies involves substantial risk and there is always the potential for loss. |
Losses can exceed deposits |
aaafx vs FXCM Guide |
Read our In-Depth aaafx vs FXCM Review - 2024 Update
This review comparing aaafx and FXCM has been updated to reflect any changes for 2024 by knowledgeable insiders with years of expertise across Social Trading, Forex, & CFDs.
Please note that due to regulations for each broker, the content in this comparison of aaafx vs FXCM does not apply to all countries as follows:
aaafx Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
FXCM Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare aaafx vs FXCM
Each platforms for online trading has some advantages and disadvantages, and any comprehensive review of aaafx and FXCM cannnot be complete without adopting a balanced approach.
Compare FXCM and aaafx in order to understand how these platforms line up to one another prior to you decide to make an account. Performing a side-by-side comparison can place factors in perspective to ensure that you are informed about what you should anticipate.
So you are looking for a reputable broker and are choosing between aaafx or FXCM. Who is better in 2024?
Our aaafx vs FXCM comparison contains the most recent information so you can easily compare FXCM against aaafx.
If you are a new entrant in the world of trading and brokerages, so many nuances will be confusing for you. Getting into the world of trading demands expert assessing skills and thorough understanding. You will get proficient at all of the concepts of broker as you keep trading. For starters, you need to choose the ideal broker who will be clear with you constantly.
Within this fast-paced universe of stock markets and trading, you'll need guidance to make correct decisions. A professionally lead investment program has the potential to create hefty returns. aaafx and FXCM are just two such platforms which will take you along with your investment into great heights. It's important that you compare aaafx vs FXCM until you trust them with your cash.
Our aaafx vs FXCM comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust aaafx and FXCM side by side.
Our entire aaafx vs FXCM Review covers all you need to learn about trading using either aaafx or FXCM. A fantastic broker can multiply your initial investments and provide you positive profits. If you would like to earn profits, you should trade with a brokerage service that contrasts with your investment objectives.
There is no sure-fire method to guarantee profits; thus, you should carefully assess your agent before you choose them. It's a frequent misconception that all brokers are exactly the same, but that's not correct. Wrong judgment, in the beginning, can set your investments at risk.
aaafx and FXCM are both brokers which have found their way successfully into the broker world. Within this review, we have attempted to collate a number of the vital aspects of both aaafx and FXCM. This review will help you to understand whether either FXCM or aaafx is a good fit for your investments or not. We have tried to breakdown all of the qualities and charges for your advantage.
Benefits of aaafx and FXCM Compared
aaafx offers a minimum deposit of $300 while FXCM has a $1 minimum deposit.
Why smaller minimum deposits are good and how aaafx and FXCM compare
The main reason is that you should only deposit what you can afford. If you you have a lower budget, the broker that offers the lowest deposit option will be more attractive. The other reason is because when speculating on riskier but potentially more rewarding financial instruments you should look to speculate with only a small percentage of your allocated trading funds. Don't let a higher minimum deposit totally put you off a broker, look at the overall trading features you are getting from the trading platform. Often a high minimum deposit gives greater choice in the financial assets and trading platform research features.
aaafx has around 100 financial instruments while FXCM allows you to trade around 100 financial instruments available.
The more financial instruments you can trade on the aaafx and FXCM trading platforms the better. It is good to have a diverse portfolio and the options available to a user will always vary. Trading is all about grasping potential opportunities and you never want to miss out on a trading opportunity due to the limitations of aaafx or FXCM.
aaafx and FXCM Contact Details
Being able to contact your broker easily is a sign of a professional broker. aaafx and FXCM have the following contact details and social medias that you can use.
Broker | aaafx | FXCM |
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Telephone Number | +30 213 0117498 | |
support@aaafx.com | ||
Address | 14 Akti Kondyli St, Piraeus, Attica, GR | |
aaafx Twitter Account | FXCM Twitter Account | |
aaafx Facebook Page | FXCM Facebook Page | |
aaafx Instagram Account | FXCM Instagram Account | |
aaafx LinkedIn Page | FXCM LinkedIn Page | |
YouTube | aaafx YouTube Channel | FXCM YouTube Channel |
Find Out More |
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FXCM and aaafx Mobile App Comparison
As more and more traders and investors use their smartphones for trading, it is increasingly important that brokers offer easy-to-use apps that can deliver the same services as desktop platforms.
This part of comparing aaafx and FXCM will examine whether their mobile app meets all our requirements.
We rate overall the user-friendliness of both apps as Better than the average.
It is crucial that trading apps have user-friendly capabilities, especially for those who use it with their smartphones.
Search Functions
While most brokers are good at this, there are some poor ones. For example, if you start typing 'Emerging markets', will the software find all the Emerging markets ETFs for you, even if their name doesn't start with 'emerging'? If you have only traded US stocks, and you start typing 'Apple', will the software show you either the obscure Irish stock Applegreen or the Apple stock?
aaafx vs FXCM - Awards
aaafx vs FXCM - Frequently Asked Questions
aaafx vs FXCM - Headquarters And Year Of Founding
aaafx was founded in 2007 and has its head office in United States.
FXCM was founded in 1999 and has its headquaters in United States.
What is the minimum deposit for FXCM or aaafx
The minimum deposit for aaafx is $300.
The minimum deposit for FXCM is $1.
Depending on your needs, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both aaafx and FXCM are a good choice.
aaafx vs FXCM - Regulation And Licencing In More Detail
aaafx is regulated by HCMC (Greece), FSA (St Vincent & Grenadines).
FXCM is regulated by Financial Conduct Authority (FCA).
Both aaafx and FXCM have a powerful collection of rules for ensuring fair trading on their platforms. For information encryption purposes, they supply industry-standard secure socket layers (SSL).
In accordance with their privacy regulations, customer information is to not be shared with any other institutions or individuals. Including credit history and other financial information.
Compare aaafx vs FXCM Commission And Fees
aaafx and FXCM are online broker platforms, and many online brokerages charge lower fees than traditional brokerages tend to bill. The reason for this is that the businesses of online brokerages are scaled better. That is, an online broker is not necessarily affected by the amount of clients they have.
But this doesn't mean that online brokers don't charge any fees. They charge prices of varying rates for a variety of services to make money. There are mainly three types of penalties for this purpose.
The first kind of charges to look out for are trading fees. When you make an actual trade, like purchasing a stock or an ETF, you are billed trading charges. In such cases, you're spending a spread, funding rate, or even a commission. The sorts of trading charges and the prices vary from broker to broker.
Commissions can be fixed or determined by the traded quantity. On the flip side, a spread refers to the difference between the buying and selling price. Funding or overnight prices are those that are charged when you hold a leveraged position for more than daily.
Apart from trading fees, online brokers also charge non-trading fees. These are dependent on the actions you undertake in your account. They're charged for operations like depositing money, not trading for long periods, or withdrawals.
Generally, neither aaafx or FXCM charge high fees in comparison to other online brokers. For operations other brokers charge for, they either do not charge a broker fee, or they charge a smaller amount. This can be beneficial for those who often exchange, such as weekly or daily trading.
However, non-trading fees charged by aaafx and FXCM are relatively competitive. Consequently, you are billed more for non-trading actions in your trading account, like deposits and withdrawal. These aren't related to the sale and purchase of assets.
This aaafx vs FXCM review for 2024 breaks down every one of the applicable non-trading charges for you in detail.
Compare Broker Fees For aaafx And FXCM
What Languages Do aaafx And FXCM Support?
Being able to chat easily with your online platform is a key way of comparing brokers to find your perfect broker. Not only for support but to be sure you understand everything on their website and inside their app as it is a key factor to success when trading online.
Here you can find the languages that both aaafx and FXCM offer communication in.
How Many Clients Do aaafx and FXCM Have?
Both aaafx and FXCM are well known and trusted. It is important to work with a broker that is professional and one of the easiest ways of understanding this is by knowing how many clients they already work with.
Below you will find details of how many users aaafx and FXCM are active on their platform
Broker | aaafx | FXCM |
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Clients / Users | 60,000+ | 10,000+ |
Find Out More |
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What Payment Methods Do aaafx and FXCM Accept?
aaafx and FXCM both offer a wide range of payment options which is vital when you have a global customer base.
Below you will find details of all the payment options available at aaafx and FXCM
What Can You Trade With aaafx and FXCM?
aaafx offers 100 trading instruments and FXCM offers 100.
Below you will find a full breakdown of what both aaafx and FXCM offer.
aaafx Review
aaafx vs FXCM:
Table Of Contents
- Compare aaafx vs FXCM
- Benefits of aaafx and FXCM Compared
- FXCM and aaafx Mobile App Comparison
- aaafx vs FXCM - Awards
- aaafx vs FXCM - Frequently Asked Questions
- What is the minimum deposit for FXCM or aaafx
- aaafx vs FXCM - Regulation And Licencing In More Detail
- Compare Broker Fees For aaafx And FXCM
- What Languages Do aaafx And FXCM Support?
- How Many Clients Do aaafx and FXCM Have?
- What Payment Methods Do aaafx and FXCM Accept?
- What Can You Trade With aaafx and FXCM?