AAAFx vs CMC Markets

AAAFx vs CMC Markets Comparison Table 2024
AAAFx CMC Markets
3.9
4.7

AAAFx is a forex and CFD broker, established in 2007 and headquartered in Greece. The company is regulated by the HCMC and FSCA and supports a selection of ECN accounts with low spreads, fast order executions and convenient deposits.

Established in 1989, CMC Markets is a respected broker listed on the London Stock Exchange and authorized by several tier-one regulators, including the FCA, ASIC and CIRO. More than 1 million traders from around the world have signed up with the multi-award winning brokerage.

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
Customer Reviews
4.5
Bonus Offer
100% Deposit Bonus (global clients)
Promotions

Double Your Trading Capital With The AAAFX 100% Deposit Bonus

Free VPS Hosting With AAAFx

Comment by Reviewer
"AAAFx is best for forex traders seeking ECN conditions with spreads from zero and MetaTrader access. It’s also suitable for social traders with ZuluTrade support. However, AAAFx seriously falls short for newer traders with minimal research features and no educational tools." "With advanced charting tools and an extensive range of tradable CFDs, including an almost unrivalled selection of currencies and custom indices, CMC Markets provides a fantastic online platform for traders of all levels. "
Pros
  • There are sophisticated MT4 and MT5 charting platforms for advanced day traders, featuring a huge selection of indicators, drawing tools, chart types, and analysis features.
  • You get fast execution speeds from 10 milliseconds with no restrictions on strategies, creating a flexible environment for day traders.
  • AAAFx supports a wide range of payment methods with near-instant funding and zero transfer fees, ensuring convenient deposits.
  • Fast and dependable 24/5 support is available following hands-on testing across live chat, telephone and email.
  • The minimum deposit is low and opening an account is fast, taking less than 5 minutes.
  • The web platform delivers a fantastic user experience with advanced charting tools for day trading and customizable features, catering to both beginners and experienced traders. MT4 (but not MT5) is also supported.
  • CMC offers excellent pricing, including tight spreads and low trading fees for all but stock CFDs. The Alpha and Price+ schemes also offer perks for active traders with up to 40% discounts on spreads.
  • CMC Markets is heavily regulated by reputable financial authorities and maintains its stellar reputation, helping to ensure a secure and trustworthy trading environment.
  • The brokerage continues to stand out with its wide range of value-add resources, including pattern recognition scanners, webinars, tutorials, news feeds, and research from respected sources like Morningstar.
Cons
  • By discontinuing ActTrader and lacking a proprietary platform, traders are limited to MetaTrader, which is outdated and less ideal for newcomers.
  • You can’t make deposits and manage your AAAFx account through an app, meaning you have to sign in to the website, dampening the mobile trading experience.
  • The selection of currencies is strong but AAAFx lacks depth in its stocks, indices, commodities and cryptos, limiting the range of trading opportunities.
  • There are no proprietary educational tools, relying on ZuluTrade, making AAAFx less attractive to beginners compared to brokers like eToro.
  • Despite improvements, the web platform still requires enhancements to make it as intuitive to trade on as software from rivals like IG.
  • While CMC offers an above-average suite of assets, there is no support for trading real stocks and UK clients can’t trade cryptocurrencies.
  • Trading stock CFDs incurs a relatively high commission, especially compared to the cheapest brokers like IC Markets.
  • An inactivity fee of $10 per month is applied after 12 months of inactivity, which may deter casual investors.
  • The CMC Markets app offers the complete trading package but the design and user experience trails category leaders like eToro.
Awards
  • Best CFD Broker - Forex Expo Dubai 2023
  • Best FX Service Provider - Forex Expo Dubai 2022
  • Most Transparent Broker - Ultimate Fintech Awards 2022
  • Best Trading App 2023 - DayTrading.com
  • No.1 Platform Technology 2022
  • No.1 New Tool 2022
  • No.1 Most Currency Pairs 2022
  • Best Trade Execution 2021
  • Best Forex Broker For Beginners 2021
  • Most Transparent Forex Broker Europe 2020
  • Best Trading Platform 2020
  • Best Trading App 2019
  • Best Customer Service 2018
Instruments
CFDs, Forex, Stocks, Indices, Commodities, Cryptos CFDs, Forex, Stocks, Indices, Commodities, ETFs, Treasuries, Custom Indices, Spread Betting
Demo Account
Yes Yes
Minimum Deposit
$10 $0
Trading Platforms
  • MT4
  • MT5
  • Web
  • MT4
Payment Methods
Bank wire - FNB (First National Bank, KoraPay through Praxis, Help2Pay, PayRetailers. Bank cards - debit/credit cards. E-Wallets- FairPay, VirtualPay, Skrill, Neteller. Cryptocurrency - match2pay (ETH, BTC and USDT), Capital Wallet
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
HCMC, FSCA FCA, ASIC, MAS, CIRO, BaFin, FMA, DFSA
Margin Trading
Yes Yes
Margin Rate
1%
STP Account
No No
ECN Account
Yes No
DMA Account
No No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
Yes Yes
Market Maker
No Yes
P2P Trading
No No
Spot Trading
No Yes
Mobile Apps
iOS & Android iOS & Android
App Review

AAAFx does not offer its own app, but you can trade forex, stocks, indices, commodities and crypto on the MT4 and MT5 platforms. The apps offer a reliable environment for experienced mobile traders with robust charting tools. However, clients of AAAFx can’t manage their accounts, so you still have to log into the client area online to make deposits and withdrawals, making for a less complete mobile trading experience.

The award-winning app from CMC Markets has transformed mobile trading. The app’s modern and customizable interface offers a unique user experience, distinct from competitors. Moreover, with its comprehensive charting capabilities featuring 25 technical indicators and 15 drawing tools, as well as its fast and stable trading environment, it’s an exceptional choice for day traders.

Android App Rating
4.5
3.7
iOS App Rating
4.8
4.1
Auto Trading
Expert Advisors (EAs) on MetaTrader Expert Advisors (EAs) on MetaTrader
Copy Trading
Yes No
Copy Trading Platform
AAAFx offers automated copy trading through ZuluTrade, one of the largest social investment networks globally. More than 90,000 strategy providers can be followed with helpful performance metrics and graphs to help you find a trader that matches your objectives and risk tolerance. However, with no formal vetting process, manually weeding out traders can be time-consuming.
Social Trading
Yes Yes
Trade Signals
Yes Yes
VPS Hosting
Yes Yes
Tournaments
No No
Demo Competitions
No Yes
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No Yes
Inactivity Fee
$0 $10
Islamic Account
Yes Yes
Account Currencies
  • USD
  • EUR
  • CAD
  • AUD
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • NZD
  • SEK
  • NOK
  • SGD
  • PLN
Stock Exchanges
Commodities
CFD Trading
AAAFx provides CFDs on forex, stocks, indices and cryptocurrencies through the MT4 and MT5 desktop, web and mobile platforms. Leverage up to 1:30 is available in the EU and up to 1:500 for global clients. CMC lets you trade CFDs on 12,000+ assets across currencies, indices, commodities, shares, ETFs and treasuries. Spreads are relatively tight, there are no hidden fees and the industry-leading MetaTrader 4 platform is also supported for leveraged trading. Year after year, CMC shines as one of the best CFD brokers in the market.
Leverage
1:30 (EU), 1:500 (Global) 1:30 (Retail), 1:500 (Pro)
FTSE Spread
1.0 1 pt
GBPUSD Spread
0.1 0.9
Oil Spread
3.5 3.5
Stocks Spread
Variable 0.02
Forex Trading
AAAFx shines for its forex offering with over 70 currency pairs and spreads from 0.1 pips and low commissions from $0.99. Forex traders also get access to MetaTrader 4, alongside impressive execution speeds, a free VPS and zero restrictions on day trading strategies. CMC presents an extensive array of 300+ forex pairs characterized by tight spreads and rapid executions, surpassing the offerings of many competitors in terms of currency diversity. Forex indices also present a fairly unique and holistic way to speculate on the value of key currencies like the USD, EUR and GBP.
GBPUSD Spread
0.1 0.9
EURUSD Spread
0.1 0.7
EURGBP Spread
0.1 1.1
Assets
70+ 300+
Currency Indices
  • USD
  • EUR
  • GBP
  • JPY
  • CAD
  • AUD
  • NZD
  • CHF
Cryptocurrency
AAAFx provides just 6 crypto CFDs, covering BTC and other major digital currencies paired with USD. Yet despite competitive and transparent spreads, there are no opportunities on up-and-coming digital currencies. CMC Markets offers trading on popular digital tokens like Bitcoin but really stands out for its crypto indices that provide broader exposure to the cryptocurrency market. There is also minimal slippage and an excellent 99.9% fill rate, making CMC a great option for active crypto day traders.
Spread
0.1 From 1.3
Coins
  • BTC
  • LTC
  • ETH
  • EOS
  • BCH
  • XLM
  • BTC
  • BCH
  • ETH
  • LTC
  • EOS
  • TRON
  • NEO
  • ADA
  • XLM
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
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