Overview
AForex began its work in 2007 and in a relatively short period of time it has been able to occupy the leading position, as it offers excellent service and favorable conditions of trading on the foreign exchange Forex market. Operations of the broker are controlled by the Centre for Regulation in OTC Financial Instruments and Technologies (CROFIT) and the Commission on Regulation of Relations of Participants of Financial Markets (CRRPFM), indicating the high level of provided services.
Broker provides on its site a large number of analytical data from the world's TOP experts on the currency market, as well as signals from AutoChartist and from Trading Central.
The training program "Forex-Start" was recognized as the best of all existing programs in 2011 and was completely certified in CRRPFM.
Nowadays the broker offers several platforms for trading on the Forex market, including the Mirror Trader, which allows customers to enter the fully automated trading.
All new customers of AForeks receive considerable Forex bonuses, depending on the amount credited to the trading account.
Bonuses
AForex encourages all its new customers, who open a trading account and decide to fund it, by offering a generous Forex bonus, which is called "Welcome Bonus". Forex bonus ranges from 20% to 30%, depending on the amount that the customer of the broker decides to transfer to his account.
Forex bonus rates:
- 20% for trading account funding in the amount from 100 to 999 dollars
- 25% for trading account funding in the amount from 1000 to 9999 dollars
- 30% for trading account funding in the amount from 10000 dollars and more.
After the new customer of AForeks replenishes his trading account, he needs to start trading on the foreign exchange market, as a bonus can be obtained only after commission of a certain trade turnover on the foreign exchange market. The trade turnover for different accounts is various and it is denoted by the broker to every customer individually.
Active traders, who are AForeks customers, can count on more Forex bonus after Rebate Service. Rebate service allows Forex traders to return a part of the spread, which is charged from them by the broker. The sum of the Forex bonus depends on the quantity of the committed trading transaction during the month and the amount in cash equivalent.
Training
AForex give the opportunity to all users to pass online training using materials that are available on the site of the broker:
- what is the international Forex market? (Users will learn from the video about the history of the Forex market, as well as about those who work on the foreign exchange market)
- how to start trading on Forex market? (It is written in accessible language what Internet-trading is and how to make a profit from the changes of different currencies exchange rates)
- opening a demo account (it allows customers of the broker to try trading on currency pairs with virtual money in real time)
- trading platforms (it is described what trading platforms are that are offered by AForeks how to use them, how to use Forex trading indicators and profitable Forex trading advisors)
- foreign exchange market forecast (users learn what instruments can predict the rise and fall of a certain currency pair)
- technical analysis (the most popular instruments, used in technical analysis, are considered)
- fundamental analysis (users know what news affect the price of different currencies, and how to make a correct prediction using them)
- Forex Glossary(users will find in it all the terms that are used while trading on the Forex market)
- traders' forum (all the customers of the broker can discuss and analyze the situation on the foreign exchange market and share information about operations with different Forex indicators and the use of Forex trading advisor)
- webinars (courses, which are hosted by professional traders of AForeks, tallow studying in an interactive mode).
Terms of trading
Broker AForex offers the following trading conditions for traders:
- the foreign currency account (the base currency)
- the minimum deposit is $100
- the leverage is 1:500 (it's possible to use 1:200)
- a lot of currency pairs, securities, gold, silver, futures)
- spread is fixed from 3 points (the floating one is from 0.3 points)
- the level Stop out is from 20% to 40%.
The broker's customers can open several accounts: Classic, Direct, NDD Pro and Invest Pro (investment account).
MetaTrader 4
- multi-language support
- Instant Execution order
- MetaQuotes Language 4 (operations with Forex trading advisors)
- quotes export via DDE
- charts printing
MT4 WebCloud
- multi-language support
- Instant Execution order
- MetaQuotes Language 5 (operations with complicated and profitable Forex advisors)
- quotes export via DDE
- high speed of execution
- high productivity due to the support of several components-servers
- charts printing.
Mirror Trader
- multi-language support
- Forex manual, automatic mirror trading on the Forex market
- control and monitoring by trading signals
- statistics of Forex trading strategies
- T-Score system (indicating the most profitable trading strategies).
Forex indicators (recommended)
- MTF PSAR
- Support & Resistance
- Price Channel
- StochNR
- Anchored Momentum
- LevelSC
- StepChoppyBars
- BAT ATR v1
- Ind TD DeMark
- Varmov
- Moving Average
- NonLagMA v4
- MACD-combo
- VininI LRMA color
- Awesome Oscillator
- Trend Magic
- +Stochastics
- Bears Power
- DailyPivot Ind2
- PivotWeekly.
Forex expert advisors (recommended)
- Spreader 2 (an automatic Forex advisor that makes independent decisions on opening and closing of commercial transactions on currency pairs)
- Gepard 5.0 (an automatic Forex advisor with a variety of settings, which gives very good results in Forex trading after a competent setup)
- Profit FIXATOR (a semi-automatic Forex advisor, designed for a profitable trade in the short-term distances)
- RelativeR2 (a trading advisor, based on the Forex indicator Stochastic Oscillator, shows good profitability on the currency pair GBP/USD in case of intraday trading).
Investments
AForex allows its customers not only to trade ion the foreign exchange market, but also to invest money in automatic trading using the trading platform Mirror Trader or in successful Forex traders, working as managers of PAMM-accounts.
If the customer of the broker decides to invest money in automatic trading, he needs to establish a trading platform with the same name and choose either mechanical or automatic trading, which consists in coping of actions of the most successful traders.
If the customer decides to completely keep aloof from participation in trading on the Forex market, he should open an investment account, choose from successful managers the most suitable trader, and agree with him about the percentage earned from the profit and transfer cash to the manager via PAMM account.
Unique features
AForex offers its customers access to the latest news about what is happening on the Forex market, viewing analytical data and forecasts of experts and receiving in time trading signals from AutoChartist and Trading Central.
Since AForeks is interested in new customers, it provides an opportunity to all its customers to receive additional income for the fact that they will invite new people that are interested in trading on the foreign exchange market. Affiliate program on attracting new customers has several directions, which are discussed with the broker individually.
Add/withdraw funds
AForex offers the following methods of deposit and withdrawal of funds: VISA, MasterCard, Moneybookers, WebMoney, Yandex Money and bank transfers.
Contacts
AForex provides 24 hours a day support to its customers via e-mail [email protected] and free telephone number for citizens of Russia 8-800-333-77-49, customers can also contact consultants if the broker via online chat.
Cons and pros
+ the fast-growing broker
+ the minimum deposit is $100
+ small spread both fixed and floating)
+ good leverage
+ good Forex bonus
+ big choice of learning materials
+ online training
- no competitions.