AAAFx Review 2023
- DayTrading Review Team
AAAFx is a good broker for forex traders who want ECN trading with the flexibility to dip into other popular asset classes.
AAAFx is a Greek broker that offers trading opportunities in forex as well as a decent selection of other assets including stocks, indices and cryptocurrencies. The spreads are very tight, starting from zero, commissions are low, and there are various account options to suit traders of differing experience and funding levels. Four leading platforms are also supported – MetaTrader 4, MetaTrader 5, ZuluTrade and ActTrader.
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AAAFx traders have access to 70 forex pairs, including majors, minors and exotics, through an ECN model with fast execution, low commissions and tight spreads. The selection of currencies is wider than most competitors.
AAAFx offers CFDs on 390+ company shares with tight spreads, including large US tech firms like Apple and Amazon. These are derivative contracts so you cannot buy and own the underlying stock from this broker.
AAAFx traders can access CFDs on forex, stocks, indices and cryptocurrencies through the broker's diverse range of platforms. Leverage is available up to 1:30 from the broker's EEA-regulated branch or up to 1:500 from the offshore entity, which is higher than most alternatives.
Five cryptocurrency CFDs are available from AAAFx, all traded in pairs with USD, including Bitcoin and Ethereum. Crypto traders can choose from three accounts with a low starting deposit.
AAAFX offers an automated copy trading service with competitive fees and a beginner-friendly interface. ZuluTrade is the biggest social trading community with thousands of active users.
- Best CFD Broker - Forex Expo Dubai 2023
- Best FX Service Provider - Forex Expo Dubai 2022
- Most Transparent Broker - Ultimate Fintech Awards 2022
- Supports an excellent range of trading software including the popular MT4 and MT5 platforms
- EEA-regulated with an offshore branch for higher leverage opportunities
- Excellent pricing with very tight spreads and low commissions
- Good selection of 70 forex pairs
- Social and copy trading
- Award-winning brand
- Low deposit fees
- Non-forex asset list is light
- Lacks educational content and extra features
- Only high volume traders with a $5000 deposit qualify for a free VPS
AAAFx is an international CFD broker offering forex, commodities, stock CFDs, indices and cryptocurrencies (global clients only). This review explores the services on offer, including spreads, commissions, demo accounts, and fees. We will also unpack AAAFx’s registration and login requirements, including minimum deposits.
AAAFx Company Details
AAAFx was founded in 2007 and is headquartered in Greece. The HCMC, FSCA-regulated broker has since opened thousands of real-money trading accounts for clients in more than 170 countries.
Platforms that are available are MT4, MT5 and ActTrader. For copy trading, AAAFx supports ZuluTrade. Each has manual and automated trading capabilities.
MT4 is widely used by traders of all experience levels. The platform houses over 30 technical analysis tools, 50 customisable indicators, and nine timeline options. It also has automated and social trading capabilities through a ZuluTrade add-on. It’s an excellent all-round, user-friendly platform.
MT4 is available as a free download from AAAFx’s website and is compatible with Windows and Mac computers.
AAAFx also offers the MT5 platform, offering a next generation trading experience. The MT5 offers 21 timeframes, allowing traders to have in-depth market analysis. The platform also has two more pending orders than the MT4; including a buy-stop limit order and a sell-stop limit order for an even more tailored trading experience.
The MT5 platform is compatible with most devices, including Windows, Mac OS and Android. It is also available on a large variety of browsers including Google Chrome, Mozilla Firefox and more.
The web-based ZuluTrade platform is designed for social and automated trading. The platform requires no installation and allows clients to invest in traders from all over the world. Accounts are protected by ZuluGuard and Margin Call-o-Meter, limiting losses if followed traders deviate from their normal strategies. There is also an algorithmic trading option provided by ZuluScripts, allowing users to write code to carry out trades.
ActTrader is an easy to pick up, user-friendly terminal. Launched in 2000, it offers simple navigation features alongside deep liquidity. The platform also boasts trading volumes of up to $5 trillion per month. The solution is available for download or as a browser-based terminal.
AAAFx offers CFD trading in forex, commodities, indices, stocks and cryptocurrencies.
- 70 FX pairs
- 11 stock indexes
- 424 global stocks
- 8 commodities (5 metal and 3 energy)
- 6 cryptocurrencies, including Bitcoin, Ripple, Ethereum, Litecoin and others
AAAFx’s fee structure combines spreads and commissions. The spreads are competitive, starting from 0.0 pips for major FX pairs.
The commission that AAAFx charges varies depending on the type of account:
- ECN account – $2.5 per $100k
- ECN Plus account – $1.5 per $100k
- ECN Zero account – $0 per $100k
- Islamic account – $2.5 per $100k
Overnight swaps, or rollover rates, are charged on positions held open past 17:00 EST. See the broker’s rollover calendar for details.
Overall, if you take AAAFx vs the likes of Pepperstone or ICMarkets, the broker’s fees are fairly competitive.
Maximum leverage rates depend on the location of the client. Due to ESMA regulations, leverage rates for traders under the EU entity are limited to 1:30.
For traders under the non-EU entity leverage rates are much higher, reaching 1:500 for all instruments.
Straightforward margin calculators can be found online.
AAAFx offers a mobile version of the MT4 and MT5 platforms. The app has almost all the capability of the desktop program, though with fewer customisation and analysis tools. Mobile users still benefit from one-touch trading, visual market information, analysis charts, and multiple order types.
Perfect for traders on the go, the mobile application can prevent market opportunities being missed and can be installed on Android-powered devices.
Multiple payment options are available for funding and emptying live trading accounts. Visa and MasterCard may be used in EUR, USD, CHF, CAD, AUD, and GBP. Deposits can also be made via wire transfer, Skrill, Neteller, or VirtuaPay (East Africa) and FairPay (Latin America), Match2Pay (BTC, USDT and ETH).
Transactions are processed instantly for deposits made by payments cards and Neteller. E-payments are processed instantly, and wire transfers 2-3 business days. There are no deposit fees, though they vary with the transaction method and conversion fees may be applied if the deposit currency is different from the account currency. The minimum deposit required is $100.
Withdrawals must be made via the same funding method as the deposit. Withdrawals are free for all types of payment methods. Withdrawals are processed by AAAFx within one business day, though payment providers may have their own processing times.
Note, clients might encounter third party fees.
The broker offers a demo account for traders to test the platforms. Funded with virtual money but using real-time market information, demo accounts allow for the risk-free exploration of trading strategies, charting types and analysis tools.
The demo account expires after 30 days of inactivity.
Deals & Promotions
AAAFx offers a 100% deposit bonus for Global clients. See the broker’s official website for terms and conditions.
Regulation & Licensing
AAAFx is licensed in Greece by the Hellenic Capital Markets Commission (HCMC), who authorises it to provide trading services to clients in the European Economic Area. The broker also complies with ESMA rules regarding compensation and fund segregation. European clients are protected by the Greek Guarantee Fund with compensation up to €30,000. AAAFx is also regulated by the FSCA in South Africa.
The broker does fall down when it comes to helpful extra features. Beginners will be disappointed by the lack of education materials. As a result, AAAFx is better suited to experienced traders and those looking for an easy-to-pick-up broker for copy trading.
AAAFx offers the following accounts:
- ECN account – Low commission charges and low swap charges combined with advanced technology to provide a seamless trading experience.
- ECN Plus account – With a minimum deposit of $1,000, ECN Plus is the best combination for any trader – low commission with raw thin spreads.
- ECN Zero account – Traders are offered an opportunity to trade with a commission of $0 per $100k, and a minimum deposit of $50.000 using the ECN Zero Account.
- Islamic account – For traders of the Islamic faith, AAAFx offers a $2.5 per $100k commission with a minimum deposit of only $100.
Industry-standard trading hours are followed by AAAFx, with platforms open 24/7 with 1-minute breaks at 17:00 EST each day for rollover calculations.
All commodities and cryptocurrencies open 23:00 GMT Sundays and close either 21:45 or 22:00 GMT Fridays, except UK oil, which opens 01:00 GMT Monday and closes 21:45 Friday. All stock CFDs open Sunday at 09:30 GMT and close Friday at 16:30 GMT. Opening times for stock indices vary depending on the region in which they are based.
AAAFx’s support team operates 24 hours a day, 5 days a week. Opening one hour before markets on Sundays (21:00 UTC) and closing one hour after on Fridays (23:00 UTC), customer service representatives can assist in English.
Contact the customer support team via:
- Email – firstname.lastname@example.org
- 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
AAAFx employs Secure Sockets Layer (SSL) encryption to website traffic. Further cybersecurity measures include firewalls, authentication systems, and access control mechanisms. Overall, we’re comfortable AAAFx is a trustworthy broker.
AAAFx offers multiple tradable instruments for manual trading and excellent social and automated trading services. The fees charged by AAAFx are similar to those of other brokers. There are, however, some negative customer reviews online.
AAAFx accepts traders from more than 170 countries around the world.
Traders can not use AAAFx from the United States, Belarus, Belgium, Burundi, Myanmar, Cuba, Congo DR, India, Iran, Iraq, Japan, Lebanon, Libya, Mali, Nicaragua, Korea, Somalia, Sudan, Syria, Turkey, Puerto Rico, Venezuela, Yemen, Zimbabwe, Sri Lanka, New Zealand, Afghanistan, Canada, United Kingdom.
- Wire Transfer
- Debit Card
- Credit Card
- Bitcoin Payments
- Ethereum Payments
|Minimum Trade||0.01 Lots|
|Regulated By||HCMC (Greece), FSCA (South Africa)|
|AI / Machine Learning||No|
|Negative Balance Protection||No|
|Guaranteed Stop Loss||No|
CFD Trading Details
|GBPUSD Spread||Starting from 0.1|
|Leverage||1:30 (EU), 1:500 (Global)|
Forex Trading Details
|GBPUSD Spread||Starting from 0.1|
|EURUSD Spread||Starting from 0.0|
|EURGBP Spread||Starting from 0.0|
Cryptocurrency Trading Details
|Crypto Spread||From 0.0 pips|
|Crypto Auto Market Maker||No|
Compare AAAFx with similar brokers that accept traders from your location. Among available brokers these are the most similar to AAAFx:
World Forex – World Forex is an offshore broker registered in St Vincent and the Grenadines, offering commission-free trading with a $1 minimum deposit and 1:1000 leverage. Digital contracts are also available, offering beginners a straightforward way to speculate on popular financial markets.
Go to World Forex
Just2Trade – Just2Trade is a reliable multi-regulated broker registered with FINRA, NFA and CySEC. The company has 155,000 clients from 130 countries and stands out for its huge suite of instruments and additional features, including a social network, robo advisors and a funded trader programme.
Go to Just2Trade
IG Group – IG is an award-winning broker that has an excellent reputation globally. The brand-US offers spread betting, CFD and forex trading across a comprehensive suite of markets. IG is also multi-regulated, provides a great trading app and has 50 years experience.
Go to IG Group
AAAFx Comparison Table
|AAAFx||World Forex||Just2Trade||IG Group|
|Markets||Forex, CFDs, Indices, Cryptocurrencies, Commodities||Forex, CFD Stocks, Metals, Energies, Cryptos, Digital Contracts||Stocks, ADRs, ETFs, Futures, Options, Commodities, Bonds||CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting|
|Minimum Trade||0.01 Lots||0.01 Lots||0.01 Lots||0.01 Lots|
|Regulators||HCMC (Greece), FSCA (South Africa)||SVGFSA||CySEC, NFA, FINRA, Bank of Russia||FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA|
|Bonus||100% Deposit Bonus available for Global clients||100% Deposit Bonus||Up to $2,000 for professional accounts||–|
|Platforms||MT4, MT5, ActTrader||MT4, MT5||MT4, MT5, TradingCentral||MT4, AutoChartist, TradingCentral|
|Leverage||1:30 (EU), 1:500 (Global)||1:1000||1:20||1:30 (Retail), 1:250 (Pro)|
Compare Trading Instruments
Compare the markets and instruments offered by AAAFx and its competitors. Please note, some markets may only be available via CFDs or other derivatives.
|AAAFx||World Forex||Just2Trade||IG Group|
AAAFx vs Other Brokers
Compare AAAFx with any other broker by selecting the other broker below.
What documents does AAAFx require to open an account?
To register with AAAFx, clients need identification, proof of residence, proof of income, and proof of employment status. These documents can be uploaded to the account page or sent via email to the customer service team.
Is AAAFx trustworthy or a scam?
AAAFx is a legitimate broker that abides by regulations from authorities inside and outside of the European Economic Area. This coupled with over a decade of experience means we’re comfortable client capital is relatively secure.
Can I trade cryptocurrencies at AAAFx?
Six cryptocurrencies can be traded against the US dollar; Bitcoin, Litecoin, Ethereum, Ripple, and others.
Does AAAFx offer copy trading?
There are social and copy trading options offered by AAAFx with ZuluTrade.
Can you use MetaTrader 5 with AAAFx?
Yes, you can use MT5 on the AAAFx website and download it for desktop or Mac. MT4 is also provided on the the broker’s website. In addition, there is the ZuluTrade web-based platform that is designed for social and automated trading.
Can I open an AAAFx account in Canada?
No, Canada, along with the USA and China, belongs to the list of countries that do not allow the services provided by AAAFx.
|AAAFx is a Greek broker that offers trading opportunities in forex as well as a decent selection of other assets including stocks, indices and cryptocurrencies. The spreads are very tight, starting from zero, commissions are low, and there are various account options to suit traders of differing experience and funding levels. Four leading platforms are also supported – MetaTrader 4, MetaTrader 5, ZuluTrade and ActTrader.|