Abstract:AoFeng is an online brokerage firm in Australia, which was established in 2018. It provides trading instruments such as forex currency pairs, commodities, indices, and cryptocurrencies.
Company Name | AoFeng |
Founded | 2018 |
Headquarters | Australia |
Regulations | Suspected cloned regulations |
Tradable Assets | Forex currency pairs, commodities, indices, cryptocurrencies |
Account Types | Basic Account, Advanced Account, VIP Account |
Minimum Deposit | $100 |
Maximum Leverage | 1:200 |
Spreads | Starting from 1 pips |
Commission | No commission |
Deposit Methods | Bank wire transfers, credit/debit cards, electronic payment systems |
Trading Platforms | MetaTrader 4 (MT4) |
Customer Support | Phone, email, live chat |
Bonus Offerings | None |
AoFeng is an online brokerage firm in Australia, which was established in 2018. It provides trading instruments such as forex currency pairs, commodities, indices, and cryptocurrencies.
AoFeng holds an ASIC license, but its regulatory status is suspected to be cloned, posing a risk of being a fraudulent replica.
Pros | Cons |
/ | Suspected cloned regulations |
/ | Lack of regulatory oversight |
AoFeng provides a wide array of trading instruments in order to meet the requirements of various traders. Clients gain access to numerous financial markets, encompassing forex currency pairs, commodities, indices, and cryptocurrencies.
Tradable Instruments | Supported |
Forex | ✔ |
Commodities | ✔ |
Crypto | ✔ |
CFD | ❌ |
indexes | ✔ |
Stock | ❌ |
ETF | ❌ |
Options | ❌ |
Spreads and commissions provided by AoFeng vary by market, instrument and account type.
Major currency pairs such as EUR/USD and GBP/USD spread by about 1-3 pips during normal marketconditions, exotic currency pairs and low-frequency trading instruments spread by about 3-5 pips.
Aofeng implements a commission-free structure for most trading instruments.
Non-trading Fees | ✔ |
Deposit Fee | ✔ |
Withdrawal Fee | ✔ |
Inactivity Fee | ✔ |
AoFeng offers the popular and widely recognized MetaTrader 4 (MT4) trading platform to its clients.
The minimum deposit requirement at AoFeng is $100, allowing traders of different budget sizes to start trading. For deposit methods, clients can usually choose from bank wire transfers, credit/debit cards, and electronic payment system.
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