Important Information About AAAfx Forex Broker
Established in 2008, AAAfx broker offers trading serviices in regulated environment.
AAAfx broker is extremely strict with the registration process and requires quite a bunch of official documents in order for you to receive an account. The sign up process seems time-consuming and very demanding:
Copy of valid ID or password
Copy of recent Proof of Residence (utility bill, bank statement)
Copy of Proof of Income (income tax return)
Copy of Employment Status (employment contract, pay slip)
The last two documents are an unusual request among forex brokers, especially for account opening.
On top of that, the deposits via credit and debit cards above $1,000 require another set of documents including copy of the card itself and recent card statements.
Advantages of trading with AAAFx
Top-notch trading conditions
- Forex, Cryptocurrencies, CFDs
- Ultra Low commissions
- Islamic Accounts supported
- Negative Balance Protection
Committed to Innovate
- Fully integrated with ZuluTrade, the largest Social Trading Network
- State-of-the-art proprietary trading platforms & mobile apps
- Friendly & Multifunctional User Area
Secure & Regulated Broker
- EU Regulated Broker (id:2/540/17.2.2010)
- Full refund policy for trading related issues
- ECN Broker
Payment options for Deposits and Withdrawals
Minimum deposit requirement is $300 and account can be opened in USD, Euro, Japanesse Yen, Australian Dollar, Pound Sterling and Swiss Franc.
Payment methods include Wire, Credit Card, Skrill, Neteller, giropay, EPS, directpay24, teleingreso, ideal, qiwi.
Both deposits and withdrawals are subject to fees. For example, deposits via Credit/Debit card are charged 2.95% fee and Skrill deposits are charged 2.95% + 0.29€, while for withdrawals a flat fee of $25 is applied.
This is great way to ensure that you make bigger deposits right from the start (to avoid the overcharge) and withdraw once in a blue moon. After all, imagine that you made couple of hundreds. Most likely you will keep the profit in the account, because withdrawal fee will take away $25 and with the next deposit you need to pay almost 3% in commissions!
Trading Platform and conditions with AAAfx
Broker provides several trading platforms:
MetaTrader 4 (MT4)
The AAAFx MetaTrader 4™ provides you with the most essential tools and resources needed to analyze the Market and improve your Forex and CFDs manual trading performance.
Offers opportunities to traders of all skill levels: advanced technical analysis, flexible trading system, algorithmic trading, Expert Advisors and mobile applications.
- Smallest Trade Size: 1000 Units
- Trailing Stop: Enabled by default on Live accounts
The Platform is offered with or without ZuluTrade and requires installation.
Products Traded: FOREX, CFDS
Trade: MANUAL, ALGORITHMIC, EXPERT ADVISORS
Platform: WINDOWS BASED AND REQUIRES INSTALLATION
Provides you with a fully-fledged web-based Trading Station for Forex and CFDs manual trading.
Offers technical charts (Candlesticks, OHLC, lines) and indicators (Trend, Oscillators, volatility, volumes, Bill Williams etc.) you can tailor according to your trading requirements. In addition, ZuluScripts™ allows trading robots to be used or developed via your own algorithms to run your trading strategies.
Your account is shielded at all times against connectivity issues and can run EAs uninterruptedly without the need for a VPS.
The best choice for those who wish to trade with an all-in-one platform that is currently offered together with your ZuluTrade account.
Products Traded: FOREX, CFDS
Trade: MANUAL, ALGORITHMIC VIA ZULUSCRIPTS™
Social & Copytrading at its best
ZuluTrade is the largest network of talented Forex and Crypto Traders from 192 countries that you can simply choose to follow and automatically set your account to copy their trading signals.
As a follower you can fully manage your account, customize it and protect your capital through advanced risk management features such as ZuluGuard™ or the Margin-Call-O-Meter™ in your Forex account.
This advanced auto-trading platform is easy to use, requires no installation, delivers all the right tools to make your trading experience easy. It is offered with all the above platforms: ZTP and MT4.
Finally with its native mobile applications for iOS, Android, and Windows you can auto-trade from anywhere, anytime and also enjoy support in multiple languages.
Products Traded: FOREX, CFDS
Trade: MANUAL, AUTOTRADE
AAAfx allows you to trade Micro lots (1k). Islamic accounts (swap-free) are available to all citizens of Islamic countries.
Leverage is up to 200:1; however please note that new accounts are by default with 100:1 leverage, which can be changed upon request. Contact the support team to adjust the leverage to your liking.
Hedging, scalping and EA are allowed. The broker provides No Dealing Desk execution.
At the time of this review, spreads on majors start from 0.3 pips. For a complete spreads table refer to the broker’s official website.
Each individual trader can open up to 10 accounts. Aside standard accounts, AAAfx also offers Corporate, Institutional and PAMM accounts.
Customer service is available via email, live chat and phone. Broker’s website is available in English, French, German, Spanish, Italian, Russian, Chinese, Hebrew, Arabic and Greek.
How was the rating of AAAfx performed compared to other brokers?
This 2020 Forex Broker Review has been conducted though thorough research and assessment of rating and ranking among almost 300 international forex brokers. The final grade is given based on AAAfx FX broker performance and features.
Overall our online AAAfx review was conducted with the details obtained from the demo trading and the forex brokers website. If you would like to add details to this online AAAfx or you find inaccurate details AAAfx broker review please get in touch with us and the changes will be applied.