AAAFx Review 2022

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AAAFx offers CFD trading in forex, commodities, indices and cryptocurrencies.

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Awards
  • Most Transparent Broker - Ultimate Fintech Awards 2022
Bonus100% Deposit Bonus available for Global clients
InstrumentsForex, CFDs, indices, cryptocurrencies, commodities and stocks
Demo AccountYes
Min. Deposit$10
Payment MethodsBank wire - EuroBank, DixiPay, Help2Pay, FairPay, PayRetailers. Bank cards - debit/credit cards. E-Wallets- FairPay, VirtualPay, Skrill, Neteller. Cryptocurrency - match2pay (ETH, BTC and USDT)
Min. Trade0.01 lots
Regulated ByHCMC (Greece), FSCA (South Africa)
MetaTrader 4Yes
MetaTrader 5Yes
cTraderNo
OmniTraderNo
AlgoTraderNo
TradingViewNo
Trading CentralNo
AutochartistNo
eSignalNo
STP AccountNo
ECN AccountYes
DMA AccountNo
MAM AccountNo
PAMM AccountNo
LAMM AccountNo
Demat AccountNo
Mobile AppsYes
Margin TradingNo
Volatility IndexNo
Spot TradingNo
Perpetual SwapsNo
ELWsNo
REITsNo
AI / Machine LearningNo
Robo AdvisorNo
P2P TradingNo
Negative Balance ProtectionNo
VPS HostingYes
TournamentsNo
Demo CompetitionsNo
Managed AccountsNo
Market MakerNo
Auto TradingYes
Social TradingYes
Copy TradingYes
Trade SignalsYes
Islamic AccountYes
Account Currencies
  • USD
  • EUR
  • GBP
Guaranteed Stop LossNo
Commodities
  • Gold
CFD TradingTrade CFDs on FX, stocks, indices, & cryptocurrencies
CFD FTSE Spread1
CFD GBPUSD Spread0.7
CFD Oil Spread3.5
CFD Stocks SpreadVariable
CFD Leverage1:30 EU, 1:500 Global
Forex TradingTrade on dozens of currency pairs with tight spreads
Forex GBPUSD Spread0.7
Forex EURUSD SpreadFrom 0.0
Forex EURGBP Spread0.5
Forex Assets70+
Crypto TradingTrade cryptocurrencies against the US Dollar
Crypto SpreadFrom 1.3 pips
Crypto LendingNo
Crypto StakingNo
Crypto MiningNo
Crypto Auto Market MakerNo
Crypto Coins
  • BCH
  • BTC
  • ETH
  • LTC
  • USDT
  • XRP
Risk Warning – Your capital is at risk

AAAFx is an international CFD broker offering forex, commodities, indices and cryptocurrencies. 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 2008 and is headquartered in Greece. The HCMC, FSCA-regulated broker has since opened thousands of real-money trading accounts for clients in 176 countries.

Trading Platforms

Platforms that are available are MT4, MT5 and ActTrader. For copy trading, AAAFx supports ZuluTrade. Each has manual and automated trading capabilities.

MetaTrader 4

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.

AAAFX MT4 platform
AAAFX MT4 platform

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

MetaTrader 5

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.

Is AAAFX trusted?
MetaTrader 5

The MT5 platform is compatible with most devices, including Windows, Mac OS, iPhone, iPad and Android. It is also available on a large variety of browsers including Google Chrome, Mozilla Firefox and more.

ZuluTrade

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 190+ countries. 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.

AAAFX ZuluTrade platform
AAAFX ZuluTrade platform

The platform’s only major drawback is the limited analysis and charting tools. As a result, manual traders will be better suited to the MT4 platform.

ActTrader

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 platforms
ActTrader

Assets

AAAFx offers CFD trading in forex, commodities, indices, stocks and cryptocurrencies.

Trading Fees

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:

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.

Leverage

Maximum leverage rates depend on the location of the client. Due to ESMA regulations, leverage rates for clients in the European Economic Area (EEA) are limited to 1:30.

AAAFx International leverage rates are much higher, reaching 1:500 for all instruments.

Straightforward margin calculators can be found online.

Mobile App

AAAFx offers a mobile version of the MT4 platform. 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.

AAAFx mobile trading
AAAFx mobile trading

Perfect for traders on the go, the mobile application can prevent market opportunities being missed and can be installed on both iOS and Android-powered devices.

Payment Methods

Multiple payment options are available for funding and emptying live trading accounts. Visa and MasterCard may be used in EUR, USD, CHF, 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. Skrill and e-payments can take 1 business day, 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 $10.

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.

Demo Account

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.

Additional Features

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.

Account Types

AAAFx offers the following accounts:

Benefits

There are several good reasons to sign up with AAAFx:

Drawbacks

AAAFx could improve its rating in the following areas:

Trading Hours

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.

Customer Support

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:

Client Safety

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 Verdict

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.

Accepted Countries

AAAFx accepts traders from Australia, Thailand, United States, South Africa, Singapore, Hong Kong, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

Traders can not use AAAFx from 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.

Compare AAAFx

Compare AAAFx with similar brokers that accept traders from your location. Among available brokers these are the most similar to AAAFx:

  1. InstaForex – InstaForex is a CFD broker providing access to forex, stocks, cryptocurrencies, commodities, and energy, as well as stock indices. With competitive fees and a huge range of available assets, the brand offers safe and reliable trading.
  2. eToro – eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs. eToro USA LLC does not offer CFDs, only real crypto assets available.
  3. IG Group – IG-US offer spread betting, CFD and Forex trading across a range of markets. They are FCA regulated, boast a great trading app and have over 47 year track record of excellence.
  4. Forex.com – Forex.com boast a global reputation. Regulated in the UK, EU, US and Canada they offer a huge range of markets, not just forex, and offer tight spreads on a cutting edge platform.

AAAFx Comparison Table

Compare AAAFx With Similar Brokers
AAAFx InstaForex eToro IG Group Forex.com
Rating 4.7 4.4 4.5
Markets Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto
Demo Account Yes Yes Yes Yes Yes
Minimum Deposit $10 €200 to €50,000 (depending on account type) $10 £250 $100
Minimum Trade 0.01 lots 0.01 Lots $10 0.1 lots $1
Regulators HCMC (Greece), FSCA (South Africa) CySEC FCA, CySEC, ASIC, FSA FCA, ASIC, MAS, FSCA, JFSA, FMA, CFTC, NFA, BMA, DFSA, FINMA, BaFin CySEC, IIROC, NFA, CFTC, FCA, CIMA
Bonus 100% Deposit Bonus available for Global clients No
Education No No Yes Yes Yes
Platforms MT4, MT5 MT4, MT5 MT4 MT4
Leverage 1:30 EU, 1:500 Global 1:30 for retail clients, 1:500 for professional 1:30 EU 1:30 1:200
Payment Methods 8 10 14 6 8
Detailed Comparison AAAFx vs InstaForex AAAFx vs eToro AAAFx vs IG Group AAAFx vs Forex.com
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Compare Trading Instruments

Compare AAAFx Trading Instruments
AAAFx InstaForex eToro IG Group Forex.com
CFD Yes Yes Yes Yes Yes
Forex Yes Yes Yes Yes Yes
Stocks Yes Yes Yes Yes Yes
Commodities Yes Yes Yes Yes Yes
Oil No Yes Yes Yes Yes
Gold Yes Yes Yes Yes Yes
Copper No No Yes Yes No
Silver No Yes Yes Yes Yes
Corn No No Yes No No
Crypto Yes Yes Yes Yes Yes
Futures No No No Yes Yes
Options No No No Yes Yes
ETFs No Yes Yes Yes No
Bonds No No No Yes No
Warrants No No No No No
Spreadbetting No No No Yes No
Volatility Index No No Yes Yes No

AAAFx vs Other Brokers

Compare AAAFx with any other broker by selecting the other broker below.

AAAFx vs

FAQ

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 agencies 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?

Five cryptocurrencies can be traded against the US dollar; Bitcoin, Litecoin, Ethereum, Ripple, and Bitcoin Cash.

Does AAAFx offer copy trading?

There are social and copy trading options offered by AAAFx for those traders with an ECN Zulu account.

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 offers CFD trading in forex, commodities, indices and cryptocurrencies.