AAFX Trading is a registered company in St. Vincent and the Grenadines and offers 3 types of commission-free trading accounts to trade on Forex ECN, Stocks, Indices, Commodities and Bitcoin on the MetaTrader 4 trading platform. The broker also offers leverage from 1:10 to 1:2000, as well as a variety of bonus offerings.
Olymp Trade is a Forex Binary Broker offering Forex Trading services via Mobile and Web trading platforms. Regarding orders execution model, Olymp Trade is a b-book broker (market maker). Olymp Trade offers trading of currencies, indices, shares and commodities - binary options only. Olymp Trade is regulated by the FinaCom (Hong Kong).
|#||Broker's Features||OLYMP TRADE Availability||AAFXTRADING Availability|
|#||Accepts US traders||❌||❌|
|#||24 hour trading||✔||❌|
|#||Trading by phone||❌||❌|
|#||1st deposit bonus||❌||❌|
|#||Forex contests competitions||❌||❌|
|#||Interest charges on the balance||❌||❌|
|#||24 hour support||✔||✔|
The variety of online brokers on the internet is very huge, so it is necessary to do a transparent review and comparison of the companies. After spending several days researching different forex brokers for trading FX, our team at onlineforextrading.net team collected over 50 data points. For this review, we will compare Olymp Trade vs Aafxtrading.
Financial Trading and Investment Services: First of all, you should know which financial instrument you want to trade and then searching for the right broker. This can be stocks, forex, CFDs, cryptocurrencies or options. Olymp Trade offers Online Financial Trading and Investment Services Such as Cryptocurrency-currencies, Currencies, Commodities, Indice, while Aafxtrading offers Currencies, Commodities, Indices, Stocks, Bonds, Cryptocurrency.
Broker Type: Many types of brokers can be found in the most dynamic market in the world. Olymp Trade is Broker, while Aafxtrading is ECN, STP.
Minimum Deposit Requirement: To compare these two FX brokers, we will then take a look at how much is required as a basic minimum to open an account. You need to consider how much money you can spare to start off a Forex brokerage. Olymp Trade recommended minimum capital is 10, while Aafxtrading has a Minimum Deposit Requirement of .
Is the Forex broker regulated? Commissions and fees aside, let's take a look at regulation. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. Olymp Trade is regulated by IFC, while Aafxtrading regulated by SVGFSA. For our reviews, official regulation of an official financial authoritarian is required. Brokers have to fulfill certain conditions to get these licenses. In order to violate the rules, they would lose their license and a lot of money.
Account currencies: Next lets consider the Account currencies each broker offers. Olymp Trade offers dollar, euro, ruble, Brazilian real, Thai baht, Ch different account currencies for each account types, while Aafxtrading offers account currencies.
Languages Available: Next lets have a look at each broker's different Language options. Olymp Trade offers English, Thai, Indonesian, Portuguese, Spanish, Tu, while Aafxtrading offers Arabic, Bulgarian, Chinese, Czech, Dutch, English, Customer Support Languages.
Payment methods: Next lets have a look at each broker's payment options. Olymp Trade offers Credit/Debit Cards, QIWI, Skrill, Webmoney, Bitcoin, Yand different payment methods for each account types, while Aafxtrading offers Credit/Debit Cards, Cryptocurrencies, FasaPay, Moneybookers payment methods.
Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, Olymp Trade makes Olymp Trade platform available to clients, while Aafxtrading offers MT4.
There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.
Objectively, Aafxtrading is more reliable based on our criteria above. Aafxtrading has a wider range of instruments to trade giving you the flexibility to get access and exposure to a wide range of markets. Only Aafxtrading Offers the MetaTrader Platform. MetaTrader platform is a comprehensive trading platform that is often touted as being the best for forex trading. A popular, versatile and unique tool. Aafxtrading offers a wider range of platforms making it easier for the traders to choose one that matches their needs most. Customer service in your national language might not be a major concern for traders based in English-speaking countries, but it is a defining requirement for traders from other regions such as Asia and South America. Aafxtrading has a wider range of languages in which customer service is offered making the broker more accessible. As Aafxtrading offer STP execution, you can expect tighter spreads with more transparency over the price you‘re paying to execute your trades.
Finally, if you're really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable Personalised Broker based on your precise requirements here.