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AAAFx Review and Tutorial 2021

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Facts & Figures

AAAFx offers automated and copy platforms for forex and CFD trading.

Awards

N/A

Bonus 30% deposit bonus up to $3,000
Instruments Forex, CFDs, cryptocurrencies
Demo Account Yes
Min. Deposit $300
Pay Methods FasaPay, Giropay, iDeal, Neteller, Paysafecard, Perfect Money, QIWI, Skrill, Visa, Wire Transfer, Yandex Money
Min. Trade 0.01 lots
Regulated By HCMC (Greece), FSA (St Vincent & Grenadines)
MetaTrader 4 Yes
MetaTrader 5 No
cTrader No
ECN Account No
DMA Account No
Mobile Apps Yes
Auto Trading Yes
Social Trading Yes
Copy Trading No
Trade Signals Yes
Islamic Account Yes
CFD
FTSE Spread 1
GBPUSD Spread 0.7
Oil Spread 3.5
Stocks Spread Variable
Leverage 1:30 EU, 1:500
Forex

Trade on dozens of currency pairs with tight spreads

GBPUSD Spread 0.7
EURUSD Spread 0.3
EURGBP Spread 0.5
Assets 36
Cryptocurrency

Trade cryptocurrencies against the US Dollar

Spread From 1.3 pips
Coins BTC, LTC, ETH, XRP, BCH
Risk Warning – Your capital is at risk

AAAFx is worldwide forex and digital money merchant giving mechanized and duplicate exchanging. This survey investigates the administrations on offer, including spreads, commissions, demo records, and charges. We will likewise unload AAAFx’s enrollment and login necessities, including least stores.

AAAFx Company Details

AAAFx was established in 2008 and is settled in Greece. The EU-directed representative has since opened a large number of genuine cash exchanging represents customers in 176 nations. Supporting those dealers are more than 70 staff, including a client service group that aids 11 dialects.

Trading Platforms

Two stages are accessible – MetaTrader 4 (MT4) and ZuluTrade. Each has manual and robotized exchanging abilities.

MetaTrader 4

Merchants of all experience levels generally utilize MT4. The stage houses more than 30 specialized investigation devices, 50 customizable markers, and nine timetable choices. It likewise has robotized and social exchanging abilities through a ZuluTrade add-on. It’s a brilliant, in general, easy-to-use stage.

MT4 is available as a free download from AAAFx’s website and is compatible with Windows and Mac computers.

ZuluTrade

The online ZuluTrade stage is intended for social and mechanized exchanging. The step requires no establishment and permits customers to put resources into merchants from 190+ nations. Records are ensured by ZuluGuard and Margin Call-o-Meter, restricting misfortunes whenever followed brokers stray from their typical systems. Likewise, there is an algorithmic exchanging choice given by ZuluScripts, permitting clients to work code to complete exchanges. 

The stage’s just significant downside is the restricted examination and outlining devices. Therefore, manual dealers will be more qualified for the MT4 stage.

Assets

AAAFx offers trading in forex, commodities, stocks, and cryptocurrencies:

  • 36 FX pairs
  • 9 stock indexes
  • 170 US company shares
  • 6 commodities, including gold, natural gas & crude oil
  • 5 cryptocurrencies, including Bitcoin, Ripple, & Ethereum

Trading Fees

AAAFx’s expense structure consolidates spreads and commissions. The spaces are cutthroat. For instance, the EUR/USD spread is commonly 0.3 pips, and GBP/USD and EUR/GBP are likewise close, at 0.7 and 0.5 pips, separately. 

AAAFx additionally charges a commission on each exchange, with characterized rates for various record types. For MT4 and Profit Sharing records, commissions are $2.50 for forex exchanges and $0.30 for CFDs. Exemplary documents utilizing mechanized exchanging are charged $10 for forex exchanges and $0.80 for CFDs. 

Overnight trades, or rollover rates, are charged on positions held open past 17:00 EST. See the agent’s rollover schedule for subtleties. 

In general, on the off chance that you take AAAFx versus any semblance of Pepperstone or ICMarkets, the agent’s expenses are genuinely serious.

Leverage

The most significant influence rates rely upon the area of the customer. Because of ESMA guidelines, influence rates for customers in the European Economic Area (EEA) are restricted to 1:30. For these dealers, significant money sets have influence up to 1:30; other forex sets, in addition to gold and vital stock records, go up to 1:20. Items and lists can be exchanged with up to 1:10 influence while US organization stock rates go up to 1:5, and digital money up to 1:2. 

AAAFx International influence rates are a lot higher, coming to 1:500 for all instruments. This decreases to 1:200 for a value more noteworthy than $50,000, and all new records are opened with a standard influence of 1:100. The client care group, subtleties of which are beneath, should be reached to build influence levels. 

Clear edge adding machines can be found on the web.

Mobile App

AAAFx offers a portable rendition of the MT4 stage. The application has all the ability of the work area program practically, however, with minor customization and examination apparatuses—versatile clients advantage from one-contact exchanging, visual market data, examination graphs, and different request types. 

Ideal for merchants in a hurry, the versatile application can forestall missed market openings and be introduced on the two iOS and Android-controlled gadgets.

Payment Methods

Numerous installment alternatives are accessible for subsidizing and purging live exchanging accounts. Visa and MasterCard might be utilized in EUR, USD, CHF, and GBP close by Union Pay cards in CNY. Stores can likewise be made through wire move, Bitcoin, Skrill, Neteller, or six e-installment types, including Giropay and QIWI. 

Exchanges are handled immediately for stores made by installments cards and Neteller, while Bitcoin exchanges require 30 minutes. Skrill and e-installments can take 1 workday, and wire moves 2-3 workdays. Store expenses are charged. However, they shift with the exchange technique, and transformation charges might be applied if the store money is not the same as the record cash. The base store required is $300. 

Withdrawals should be made through a similar subsidizing strategy as the store. Leaves are free when utilizing installment cards, however for a different approach, the merchant charges a withdrawal expense of $25. AAAFx inside one work day prepares withdrawals; however, installment suppliers might have their handling times.

Demo Account

The agent offers a demo represent brokers to test the MT4 and ZuluTrade stages. Financed with counterfeit cash yet utilizing consistent market data, demo accounts consider the danger-free investigation of exchanging systems, graphing types, and examination instruments. 

There are limits on the merchant’s demo accounts, in any case, as 14 days of idleness will bring about a shut record. Likewise, the AAAFx ZuluTrade demo account is just substantial for 30 days.

Deals & Promotions

Global customers are offered an impetus as a 30% store reward. Customers can acquire up to $3,000 from this plan with a $10,000 store. Stores up to $500 require just 13 parcels to procure the $150 reward, be that as it may, the $3,000 reward requires a 225-part round turn. AAAFx additionally runs occasional limited-time occasions diminishing this round turn necessity and eliminating withdrawal or store charges. However, these may require special promotion codes.

Regulation & Licensing

AAAFx is authorized in Greece by the Hellenic Capital Markets Commission (HCMC), which approves it to exchange administrations to customers in the European Economic Area. The merchant likewise follows ESMA rules regarding pay and finance isolation. The Greek Guarantee Fund ensures European customers with remuneration up to €30,000. 

AAAFx International is authorized by the Finance Services Authority (FSA) in St. Vincent and the Grenadines to offer its types of assistance somewhere else on the planet, albeit this prohibits the USA, China, and some different nations. Moreover, AAAFx offers negative equilibrium assurance to all customers, paying little heed to account type or area.

Additional Features

The agent tumbles down about additional supportive highlights. The absence of preparing materials will disillusion fledglings. Thus, AAAFx is more qualified to experienced brokers and those searching for a simple to-get duplicate exchanging stage.

Account Types

Three AAAFx account types can be made during enlistment. All records offer similar instruments, spreads, influence rates, and least stores. All things being equal, the distinctions lie in the exchanging strategies accessible and stages.

Classic Account

  • MT4 & ZuluTrade
  • $10 forex commission
  • Manual & social trading

MT4 Account

  • MT4 only
  • Manual trading only
  • $2.50 forex commission

Profit-Sharing Account

  • ZuluTrade only
  • Social trading
  • $2.50 forex commission
  • $30 monthly subscription fee
  • 25% performance fee on profit above the highest previous level

Note, Islamic-friendly trading conditions can be applied to each of the account types.

Benefits

There are several good reasons to sign up with AAAFx:

  • Signals
  • Payment options
  • Cryptocurrencies
  • Automated trading
  • Competitive spreads
  • Social & copy trading

Drawbacks

AAAFx could improve its rating in the following areas:

  • No VPS
  • No educational resources
  • Complaints of withdrawal problems & fees

Trading Hours

Industry-standard exchanging hours are trailed by AAAFx, with stages open all day, every day with 1-minute breaks at 17:00 EST every day for rollover estimations. 

All wares and cryptographic forms of money open 23:00 GMT Sundays and close on either 21:45 or 22:00 GMT Fridays, except UK oil, which opens 01:00 GMT Monday and closes on 21:45 Friday. All stock CFDs open Sunday at 09:30 GMT and close Friday at 16:30 GMT. Opening occasions for stock records fluctuate contingent upon the locale in which they are based.

Customer Support

AAAFx’s help group works 24 hours per day, 5 days seven days. Opening one hour before business sectors on Sundays (21:00 UTC) and shutting one hour after on Fridays (23:00 UTC), client support delegates can aid 11 dialects, including English, Japanese, Arabic, and Spanish. 

Contact the client care group through:

  • Email – support@aaafx.com
  • Live chat – chat accessible in the bottom right corner of the website
  • Telephone – see the broker’s website for the contact number in your area

Client Safety

AAAFx utilizes Secure Sockets Layer (SSL) encryption to site traffic. Further network safety measures incorporate firewalls, verification frameworks, and access control instruments. Generally speaking, we’re agreeable AAAFx is a reliable dealer.

AAAFx Verdict

AAAFx offers various tradable instruments and superb social and mechanized exchanging administrations. In any case, the expenses charged are genuinely high, significantly the $25 withdrawal charge. There are additionally some adverse client audits on the web. Like this, we suggest alert when thinking about opening a record with AAAFx, and if all else fails, consider options covered on this site.

Accepted Countries

AAAFx acknowledges brokers from Australia, Thailand, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar, and most different nations. 

Brokers can not utilize AAAFx from United States, Puerto Rico, Canada, China, Myanmar, Cuba, Iran, Korea, Sudan, Syria.

Alternatives to AAAFx

If you are searching for options in contrast to AAAFx we have accumulated a rundown of the main 5 specialists like AAAFx underneath. This rundown of dealers like AAAFx is arranged by likeness and incorporates organizations that acknowledge merchants from your area. 

  1. EagleFX – EagleFX is a famous exchanging specialist offering forex, stocks, cryptos, and wares. 
  2. LQDFX – LQDFX offers internet trading with numerous STP records and MT4 examination apparatuses. 
  3. ZuluTrade – Zulutrade give numerous computerization and duplicate exchanging alternatives across forex, lists, stacks, digital money, and products markets 
  4. eToro – eToro is a multi-resource stage that offers resources into stocks and crypto assets, just as exchanging CFDs. 
  5. Forex.com – Forex.com brag a worldwide standing. Managed in the UK, US, and Canada, they offer an immense scope of business sectors, not simply forex, and contribute significantly close spreads and a state-of-the-art stage.

FAQ 

What documents does AAAFx require to open an account?

To enroll with AAAFx, customers need ID, home confirmation, payment verification, and business status evidence. These reports can be transferred to the record page or sent through email to the client support group. 

Is AAAFx trustworthy or a scam?

AAAFx is a genuine representative that keeps guidelines from organizations inside and outside of the European Economic Area. This, combined with more extended than a time of involvement, implies we’re agreeable customer capital is moderately secure. 

Can I trade cryptocurrencies at AAAFx?

Five digital currencies can be exchanged against the US dollar; Bitcoin, Litecoin, Ethereum, Ripple, and Bitcoin Cash. For AAAFx International customers, just Bitcoin, Ethereum, and Litecoin might be exchanged. 

Does AAAFx offer copy trading?

There are social and duplicate exchanging alternatives offered by AAAFx for those merchants who decide on Classic or Profit-Sharing records. 

Can you use MetaTrader 5 with AAAFx?

No, AAAFx doesn’t offer an MT5 download. However, MT4 is given on the specialist’s site. There is additionally the ZuluTrade electronic stage that is intended for social and computerized exchanging. 

Can I open an AAAFx account in Canada?

No, Canada, alongside the USA and China, has a place with the rundown of nations that don’t permit the administrations given by AAAFx.

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