AAAFx Review

Overview

Online forex broker AAAFx is founded in 2008 and is a 100% daughter company of the automated trading platform ZuluTrade. AAAFx profiles it’s self on the online broker market as… more

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Details

Broker AAAFx
Website URL https://www.aaafx.com/
Founded 2008
Headquarters Greece
Support Number Russia, Moscow (+7) 499-9187379 United Kingdom, London (+44) 20-34112034 Australia, Melbourne (+61) 39-0084201 Greece, Athens (+30) 213 0117498 Japan, Tokyo (+81) 3-45208926 Colombia, Bogota (+57) 1-3819344
Support Types phone, live chat, email: [email protected]
Languages English, Greek, German, French, Spanish, Italian, Portuguese, Korean, Russian, Arabic, Vietnamese
Trading Platform ZTP, MetaTrader 4 (MT4), ZuluTrade,
Minimum 1st Deposit $250
Minimum Account Size None
Minimum Trade Amount None
Maximum Trade Amount None
Bonus None
Payout within 7 business days
Leverage 1:1 up to 1:500
Spread from 0.2 pips on EUR/USD
Free Demo Account Open Demo
Regulated Yes
Regulation Hellenic Capital Market Commission
Account Types Real Account, Demo Account
Deposit Methods credit cards, wire transfer, iDEAL, Neteller, Skrill, Sofort,Qiwi, Teleingroso
Withdrawal Methods credit cards, wire transfer, iDEAL, Neteller, Skrill, Sofort,Qiwi, Teleingroso
Trading Methods scalping, hedging
Number of Assets 10000+
Expiry Times 60/120/180 and 300 second options
Types of Assets Forex, CFD's, cryptocurrencies, commodities
Option Types high/low options, touch/no touch options
Trading Currency options, copy trading, social trading, expert advisors, automated trading
Account Currency EUR, USD
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes
Overall Score 8.1

Full Review

Online forex broker AAAFx is founded in 2008 and is a 100% daughter company of the automated trading platform ZuluTrade. AAAFx profiles it’s self on the online broker market as a real price fighter with very low spreads and the compatibility with ZuluTrade. If this broker is reliable and user friendly, you will find out in this AAAFx review.

The Forex Trading Software

AAAFx offers four trading platforms that we are going to discuss in AAAFx review: Meta Trader, ZuluTrade, ZuluTrading (ZPT) and Binary Options Web Trader.

I don’t need to explain that MetaTrader 4 is the standard best platform to trade forex online. The immense popular trading platform offers instruments and analysis features that you need to trade the financial markets and personalize your trading strategies. You can also trade from your smartphone or tablet with the AAAFx mobile trading application directly on MetaTrader 4.

ZuluTrade is the biggest network of talented forex traders from more than 170 countries. Using this Social Trading Network you follow strategies from other traders and simply copy them. As a follower your can fully manage your own account and personalize to protect your capital. For a detailed review about this automated trading platform, be sure to read our ZuluTrade review.

ZuluTrading (ZPT) is a web based trading platform that only works in combination with AAAFx with a combination with a ZuluTrade account. This trading platform is offering all kinds technical charts and indicators that you can use to your own personal performances and experiences. Besides this, you can use ZuluScripts, with which you can robot trade and use algorithms that you can set up yourself. With ZPT you expand the basic functions of ZuluTrade.

Whilst we mainly focus on forex trading in this AAAFx review, let’s explain something about the Binary Options Web Trader. This web based platform is designed specifically for binary option trading. You have the option to trade five different types of binary options: classic higher/lower options, long term binary options, 60 second options, one touch options and pair options. The minimal position size to trade the classic and one touch binary options is $25. For 60/120/180 and 300 second options, this is $5.

AAAFx Product Offering and Spreads

The product offering of tradeable assets is split between forex and binary options. There are 40 forex pairs available.

Not a single important forex pair is not available. Experienced traders don’t need to worry as they can trade all their favoured forex pairs. Besides forex, AAAFx offers several binary options on commodities and indices. This gives some extra opportunities but isn’t really interesting for forex traders.

AAAFx is mostly known for their very low variable spreads. In this AAAFx review we use the example of EUR/USD spreads as low as 0.2 pips, which is very cometitive compared to other forex brokers. You can view al AAAFx’s spreads on their website.

For every traded lot AAAfx charges a commission. For retail accounts in Euro or Dollar, this commission is $9 per standard lot. So for opening a position worth $100,000 you pay $18 on top of the spread. Effectively the trading costs are about 2 pips per round turn, which is very compatible with top brokers like Plus500 and Markets.com. For institutional accounts the commission is a lot lower ($2,75 per standard lot). The minimum account deposit for insitutional traders is $100,000.

The offered leverage depends on the margin requirements and varies between 500:1 and 1:1. This offers flexibility to all sorts of forex traders.

AAAFx Demo Account

There’s no education part on the AAAFx website but luckily they offer a demo account. You can learn to trade on the AAAFx platform and trading in general using their free demo account. With this account you use virtual money to see if you like this broker and their platform. The account can be combined with the free ZuluTrade demo account to see both services in action.

AAAFx Accounts and Bonuses

You can open an AAAFX account from $250. On your first deposit you will receive a 10% bonus that can reach up to $3,000. To be able to withdraw this first deposit bonus, you need to have to reach a trading volume of 20 lots per $100 bonus. There’s no time limit to reach the bonus.

To deposit money on your AAAFx account you several deposit methods like credit cards, wire transfer, Skrill, iDeal and Neteller. To withdraw money you can do so using the same method you deposited money on to your account with. AAAFx charges $25 per withdrawal.

AAAFx company information and regulation

AAAFx is registered in Greece and licensed by the Hellenic Capital Market Commission (HCMC), the Greek financial authority. Because of this, it falls under MiFID (Markets Financial Instruments Directive). Traders deposited money is being separated from the working capital of the broker.

The HCMC as a regulator is as strict at the Cypriot CySEC, that regulates many reliable brokers.

They fall under the European Securities and Markets Authority (ESMA) and work together several other regulators as the FCA. A potential risk is the instability of the Greek economy but this shouldn’t form a problem for private financial institutions.

AAAFx Customer Service

The AAAFx customer service has an excellent reputation. You can reach them by phone, email and live chat which is available 24/7.

AAAFx Review Conclusion

The best thing about AAAFx is that it’s compatible directly with the automated trading software ZuluTrade. AAAFx is regulated by many different financial regulators, has no scam history so can definitely be seen as a reliable broker.

The four different accounts offered and the possibility to trade on your tablet and smartphone is definitely a good advantage compared to other brokers that sometimes only offer one type of account.

If your a forex trader looking for very low and competitive spreads, AAAFx is a really good choice. The compatibility with MetaTrader 4 is another plus point.

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Screenshots

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Decleration:
I hereby declare this review to based on my own experience trading with this broker and I did not reseve compensation in any way submitting this review

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