AAAFx

Official website Open account

4/10

4/10

$300

HCMC

Bank Transfers, Debit/Credit Cards, Skrill

Features

  • Copy trades
  • Islamic accounts
  • Segregated accounts
  • Scalping
  • Affiliate program
  • Wide selection of trading instruments

Pros

  • Zero Commission
  • 100% deposit bonus
  • Free deposit fees
  • Crypto trading
  • Bitcoin deposit
  • variety of trading platforms; free VPS
  • Tight spreads
  • optimized platform and responsive customer service
  • Very tight spreads and balanced leverage.
  • Best platforms. Trading conditions are excellent.
  • Regulated company with the highest cost efficiency score.
  • Low Spreads
  • No Fees
  • Advanced Trading Tools
  • surplus of trading platforms; several account types
  • One major advantage of AAAFx is their competitive and tight spreads
  • allowing traders to access the market with minimal costs and maximize their potential profits.
  • Completely regulated
  • zero comms and raw spreads.
  • More than 15 years of solid experience as a company
  • perfect compliance to global regulatory framework.
  • Qick and hassle-free withdrawals
  • The existence of equinox data centers integration certainly makes the trading here feel flawless
  • without slippages
  • latencies or connectivity issues.
  • Accounts only with proper NDD executions. Only grown-up stuff.
  • Safe and secure: I commend this broker for their outstanding commitment to client fund protection through their segregated account policy.

Cons

  • Absolutely too much leverage.. And they state spreads sometimes with 4 zeros.
  • Commissions on all accounts
  • plus no fixed spreads is a flaw.
  • Broker looks good
  • but design of the official website is quite disputable.
  • No accounts without commissions and fixed spreads. That’s a pity.
  • The transaction fees are relatively high in comparison to other brokers. Only ECN accounts are offered. For novice traders
  • no educational materials or resources are available.
  • Maybe I don’t know where to look
  • but there is no useful analytics on the broker’s website. And also the economic calendar is not very handy.
  • I had to dig through the whole site to find the necessary information. Uncomfortable and uninformative.
  • It is a good platform but it would’ve been nicer for newbies if there was a form of education for clients here.
  • The website needs an update – it looks outdated
  • like it’s from 1999. Please consider making changes. Thanks.
Written by Santa
Updated on

Information

AAAFx: A Detailed Broker Review

In this comprehensive review, we delve into the world of AAAFx, a Forex and CFD broker established in 2008 in Greece. Known for its rigorous regulation by the Greek Securities Commission (HCMC) and the European Securities and Markets Authority (ESMA), AAAFx offers trading services to clients worldwide, with a few exceptions. Join us on this journey to uncover the pros and cons of trading with AAAFx.

Regulation and Security

AAAFx – A Regulated Broker?

  • AAAFx, based in Athens, Greece, operates under the watchful eye of the Greek Securities Commission (HCMC) and adheres to the stringent regulations set forth by the European Securities and Markets Authority (ESMA).
  • Being an EU-regulated brokerage, AAAFx must conform to ESMA rules concerning leverage, negative balance protection, and client classification.
  • While these rules may limit trading flexibility, they provide an extra layer of security for traders.

International Trading Conditions

  • For international traders, AAAFx has established an additional office in Saint Vincent and the Grenadines. It’s important to note that this jurisdiction lacks regulation, but it offers more favorable trading conditions.

Leverage

What is the Maximum Leverage in AAAFx?

  • Leverage rules for non-professional traders, applicable in Greece and other EU countries, dictate that major currency pairs can be traded with a maximum leverage of 1:30, while gold, minor currency pairs, and major stock indices can be traded with a maximum leverage of 1:20. Other assets may have even lower leverage, with volatility being a key factor.
  • However, in Saint Vincent and the Grenadines, traders still have the option to use high leverage of up to 1:500.

Trading Platforms

AAAFx Trading Platforms

  • AAAFx offers two prominent trading platforms: the renowned MetaTrader 4 (MT4) and the web-based social trading platform known as ZuluTrade.
  • The ZuluTrade platform enables traders to view the trading results of others and replicate their trades seamlessly.

Account Types

What Types of Accounts Does AAAFx Offer?

  • AAAFx provides traders with three distinct account types:
    1. Classic: This account allows for manual trading on MT4 and copying trades on the ZuluTrade platform.
    2. Profit Sharing: Tailored exclusively for copying transactions via ZuluTrade (MT4 is not available), with a commission of $5 per lot.
    3. MT4: Ideal for manual trading on MT4, with a commission of $2.5 per lot.
  • Additionally, AAAFx offers demo accounts for practice and strategy testing, as well as a swap-free account catering to Muslim traders.

Trading Instruments

What Can You Trade with AAAFx?

  • AAAFx offers access to multiple markets, including Forex, cryptocurrencies, commodities, bonds, stock indices, and individual stocks.

Minimum Deposit

What is the Minimum Deposit in AAAFx?

  • To open an account with AAAFx, traders need a minimum deposit of $300. Funding options include bank transfers, credit/debit cards, Skrill, and Neteller.

Conclusions

Is AAAFx a Good Broker?

  • In summary, AAAFx stands out as a reliable Forex broker, particularly appealing to those interested in social trading. Its strict EU regulation adds a layer of safety that many unregulated and offshore brokers lack.
  • Before making a decision, we recommend reading AAAFx reviews and consulting our Forex broker rating for a more informed choice.

General Information of AAAFx

  • Broker’s Name: AAAFx
  • Year of Foundation: 2008
  • Headquarters: Greece
  • Regulation: HCMC
  • Trading Platforms: MT4, ZuluTrade
  • EURUSD Spread: 0.4 pips
  • Demo Account: Available
  • Minimum Deposit: $300
  • Base Currencies: USD, EUR, JPY, AUD, GBP, CHF
  • Maximum Leverage: 1:500
  • Assets: Currency pairs, metals, commodities, indices, stocks, cryptocurrencies
  • Deposit Replenishment: Bank Transfer, Visa/MasterCard, Skrill, Neteller
  • Withdrawal Fee: N/A
  • Payment for Inaction: N/A
  • Islamic Accounts: Available
  • Segregated Accounts: Yes
  • PAMM Accounts: Not offered
  • Partner Account: Available
  • Scalping: Supported
  • Automatic Trading: Yes
  • Mobile Trading: Yes
  • Web Terminal: Yes
  • Social Trading: Supported
  • Signals: Not provided
  • VPS: Not available
  • Deposit Bonuses: Not offered
  • Contests: Not available
  • Support (24/5): Yes

In the world of Forex trading, AAAFx stands as a regulated and secure option worth considering for traders of all levels. Make sure to thoroughly research and analyze your specific trading needs before making your choice. Happy trading!

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