AAAFx Overview
Website: www.aaafx.com
Telephone: (+30) 213-0176-380
Regulation: MiFID
Pairs offered: 39 major, minor and exotic pairs
Minimum Deposit: $200
Spreads From: 0.2 PIPs
Max Leverage: 500:1
Markets: indices, commodities, Forex

AAAFx Broker Review

AAAFx is an EU regulated forex brokerage with registration number 2/540/17.2.2010. AAAFx was established in Athens, Greece in 2008, and currently employs 70 people at its offices. This Forex trading brokerage is operational across 176 countries, in 11 languages, and with regulatory approval for multiple countries in Europe. The focus of this trading brokerage is Contracts for Difference, cryptocurrencies, and FX pairs. Among others, clients can enjoy low commissions, negative balance protection, Islamic accounts, and watertight security on all trades. FX traders have the option of live accounts and demo trading accounts, as well as a generous bonus on your first deposit. The low spreads and native mobile apps allow for comprehensive access to the Forex markets from smartphones, tablets and phablet devices.

Overview/ background

 

AAAFx has been operational for 10 years+ and prides itself as a low-cost provider of Forex trading. The minimum deposits for Forex accounts are £200/$300/€250. The customer-centric nature of this Forex dealer ensures that every client receives top-tier support at all times. The company’s tax ID number is 998281207, and each of the ranking employees at the company, (Hellenic Capital Market Commission) is fully endorsed with either A1, A2, B, C, or D certification. Details of individual employee certifications are available here. AAAFx is also subject to the MiFID directive. This legal requirement (2004/39/EC of the European Parliament and Council) allows companies to operate with complete harmony across multiple European countries. Additionally, the Investor Compensation Fund provides investment coverage to clients in the amount of €30,000 in the event of the company’s bankruptcy.

 

Account Types

 

Various account types are available, including Classic Accounts and Profit-Sharing Accounts.

Classic account: this is ideal for Forex traders wanting to perform manual and copy trading services. This is available via the MetaTrader 4 or the ZTP trading platform. ZuluTrade is suited to professional Forex traders, but both trading platforms allow for the use of trading signals, EAs, opening/closing trades and more.

Profit-sharing account: there is no registration fee associated with the profit-sharing account, and the commissions are $5 cheaper per lot traded. Everyone is welcome to use the profit-sharing accounts either through MetaTrader 4, or ZuluTrade. If a monthly profit is generated, that trader will be charged 20% in performance fees.

Islamic accounts are also available with zero swaps, but there are restrictions on these accounts. They cannot be held in addition to a non-Islamic account.

Demo account options: demo accounts are available; however they cannot be linked with Signal Providers from ZuluTrade. If you lose your login credentials with your demo account, you can simply create another one on site.

 

Trading Platform/ software

 

AAAFx provides 3 types of trading platforms to clients, including: ZuluTrade, MetaTrader 4 (MT4), and ZTP. Each of these 3 platforms offers a powerful set of tools and resources to Forex traders:

  • ZuluTrade – this is ideally suited to currency pairs trading in CFDs. It is also best for manual trading and auto trading. This web-based platform works off your smartphone, tablet, and phablet. Traders from 192 countries can access this platform and copy other people’s trades. ZuluTrade is available in multiple languages, on Android, iOS, and Windows devices.
  • MT4 – MetaTrader 4 is the world’s premier trading platform for Forex and CFDs. It allows for EA’s (Expert Advisors), algorithmic trading, and manual trading. It requires an installation and is suited to Windows devices. Clients can use MT4 for live trading or demo trading.
  • ZTP – this innovative trading solution provides a full set of technical indicators, ZuluScripts indicators, and alerts per order. Traders can set up their own algorithmic solutions with trading bots, EAs and more without virtual private servers.

 

Deposit options

 

Deposit options include a wide range of internationally accepted banking methods. These include Visa, MasterCard, China UnionPay, Bitcoin, Swissquote Bank SA, EuroBank, Wirecard Bank, Skrill, Neteller, GiroPay, EPS, Sofort, Teleingreso, iDEAL, Qiwi and other options. Multiple currencies are supported including EUR, and GBP, JPY, AUD, and USD. Processing times range from instant on bank cards and credit cards to several business days with bank wires.

 

Markets

 

Markets include Forex, metals, Bitcoin, and CFDs. Unlike many other leading Forex brokerages, there are no stocks provided at this broker. Clients will find the Key Info Documents particularly useful as it provides information on CFDs, CFD commodities, and Forex. The listing of markets includes the following:

  • CFDs – Nikkei 225, USD/JPY and others.
  • CFD Commodities – gold, crude oil,
  • Forex – there are 39 major, minor and exotic currency pairs at AAAFx, including EUR/USD, GBP/USD, USD/JPY, and others.
  • Cryptocurrency – Bitcoin trading is available

 

Bonuses

 

AAAFx currently provides clients a 10% bonus on all deposits. This profit-sharing offer was made available for all deposits received between April 19, 2018 at 9 PM UTC through June 29, 2018 at 9 PM UTC. It is up to management’s to determine whether to amend, extend, or terminate this promotional offer.

 

Customer Support

 

Forex traders can access customer support by clicking the contact us button. AAAFx does a fine job of providing expert customer support and service to its registered traders. For example, you can get in touch with customer support by using the live chat function and speak to a live representative. Other options include email support ([email protected]), and telephone support (20-34112034).

Support options are also available to clients in other countries including the following:

  • Moscow Russia – 7 – 499-918-7379
  • London UK – 44 – 20-341 – 12034
  • Melbourne Australia – 61 – 39 – 008-4201
  • Tokyo Japan – 81 – 3 – 45208926
  • Madrid Spain – 34 – 91 – 761-0907
  • Mexico City, Mexico – 52 – 55 – 41708143
  • Athens, Greece – 30 – 213 – 017-6382
  • Beijing, China – 86 – 10 – 84184556
  • Bogota, Colombia – 57 – 1 – 381-9344

Customer support representatives are available 24/5 from 8 PM on Sunday through 9 PM on Friday. Support is available in multiple languages, including English, Portuguese, Spanish, Italian, German, French and others.

 

Safety

 

The safety of all trades and transactions is assured with full licensing and regulation. This legitimate brokerage sports the following EU Regulated Broker id:2/540/17.2.2010. Further, the investors compensation fund protects traders up to €30,000. All funds are maintained in segregated accounts from company funds as an additional safeguard. The company’s Tax Identification Number is 998281207. A full refund policy for trading related issues is in effect, and this ECN broker is committed to responsible trading practices.

 

Ease of Use

 

AAAFx is one of the most user-friendly Forex brokerages. Each of the categories – platforms, spreads, Bitcoin, contact us, and more are listed for quick and easy access. With ultra-thin spreads, clients will have no problem trading a wide range of Forex pairs such as EUR/USD, USD/JPY, GBP/USD, EUR/CHF, EUR/GBP, and USD/CAD. You can fund your account with instant deposits, and live support is readily available to assist. The native apps are ideally suited to iOS and android, and you can trade on your Windows/desktop platform too.

 

Final Thoughts

 

AAAFx is an excellent provider of Forex trading, with 3 unique trading platforms. Whether you’re a novice or an experienced Forex trader, you will find the range of tools and resources much to your liking. It’s easy to set up an account, and this EU license brokerage passports it services across Europe, with plenty of safety features to boot.

Pros
  • EU licensed and regulated
  • Demo trading accounts
  • Investors Compensation Fund up to €30,000
  • Leverage up to 500:1
  • Generous welcome bonus
Cons
  • Forex and other markets are listed under spreads
  • Not much info about the company that owns AAAFx
  • Limited number of financial instruments compared to other brokers
AAAFx Overview
Website: www.aaafx.com
Telephone: (+30) 213-0176-380
Regulation: MiFID
Pairs offered: 39 major, minor and exotic pairs
Minimum Deposit: $200
Spreads From: 0.2 PIPs
Max Leverage: 500:1
Markets: indices, commodities, Forex
Pros
  • EU licensed and regulated
  • Demo trading accounts
  • Investors Compensation Fund up to €30,000
  • Leverage up to 500:1
  • Generous welcome bonus
Cons
  • Forex and other markets are listed under spreads
  • Not much info about the company that owns AAAFx
  • Limited number of financial instruments compared to other brokers