AAAFx vs OspreyFX

AAAFx vs OspreyFX Comparison Table 2024
AAAFx	OspreyFX
Review 3.9	Review 3

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.	OspreyFX is an ECN broker headquartered in St. Vincent and the Grenadines. Established in 2019, the firm offers 120+ forex and CFD assets with high leverage up to 1:500, tight spreads from 0.1 pips and round-the-clock customer support. OspreyFX also stands out for its funded trading accounts where traders can keep up to 70% of profits.
Bonus Offer
100% Deposit Bonus (global clients)	20% Discount [DayTrading.com Exclusive]
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."	"We recommend OspreyFX for day traders seeking a true ECN broker with high leverage, low spreads and ultra-fast execution speeds. The firm is also a good option for traders looking for funded accounts with a three-step process to secure funding and competitive profit splits."
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.	Funded accounts up to $200k with 70/30 profit split Full range of investments including cryptos MetaTrader 4 and MetaTrader 5 integration Range of base currencies including USD Low latency with fast order executions Tight spreads and low commissions High leverage up to 1:500 24/7 customer support
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By discontinuing ActTrader and lacking a proprietary platform, traders are limited to MetaTrader, which is outdated and less ideal for newcomers.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.	Weak regulation Bank transfer deposit fee US clients not accepted Difficult to connect to customer service through chatbot
Awards
Best CFD Broker - Forex Expo Dubai 2023 Best FX Service Provider - Forex Expo Dubai 2022 Most Transparent Broker - Ultimate Fintech Awards 2022
Instruments
CFDs, Forex, Stocks, Indices, Commodities, Cryptos	Forex, Cryptos, Indices, Stocks, Commodities
Demo Account
Yes	Yes
Minimum Deposit
$10	$10
Trading Platforms
MT4 MT5	MT4 MT5
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	Bitcoin Payments Credit Card Debit Card Mastercard PayRedeem Visa Wire Transfer
Minimum Trade
0.01 Lots	0.01 Lots
Regulator
HCMC, FSCA
Margin Trading
Yes	Yes
STP Account
No	Yes
ECN Account
Yes	Yes
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	No
Market Maker
No	No
P2P Trading
No	No
Spot Trading
No	No
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 Forex Squad app is a free education tool with beginner-friendly training and content on a range of topics, including fundamental analysis, forex strategy and trading psychology. The app is free to download.
Android App Rating
4.5	2.2
iOS App Rating
4.8
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	No
Trade Signals
Yes
VPS Hosting
Yes	No
Tournaments
No	Yes
Demo Competitions
No	Yes
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
$0
Islamic Account
Yes	Yes
Account Currencies
USD EUR CAD AUD	USD EUR GBP CAD AUD
Stock Exchanges
Dow Jones FTSE UK Index Nasdaq S&P 500	CAC 40 Index France DAX GER 40 Index Dow Jones Euronext FTSE UK Index IBEX 35 Japan Exchange Group Nasdaq S&P 500
Commodities
Gold Oil Silver	Copper Gold Natural Gas Oil Platinum Silver
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.	OspreyFX offers leveraged CFDs on forex, commodities, stocks, cryptos and indices. Deep liquidity is available from 50+ providers with a competitive ECN account that will suit active day trading strategies, including scalping.
Leverage
1:30 (EU), 1:500 (Global)	1:500
FTSE Spread
1.0	0.5 pts
GBPUSD Spread
0.1	0.8 pips
Oil Spread
3.5	0.09 pips
Stocks Spread
Variable	0.4 pips
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.	OspreyFX offers more than 50 major, minor and exotic currency pairs. Spreads start from just 0.1 pips on the EUR/USD and the broker provides a suite of forex trading education for beginners, including partnering with Forex Squad.
Forex App
	The Forex Squad app is a free education tool with beginner-friendly training and content on a range of topics, including fundamental analysis, forex strategy and trading psychology. The app is free to download.
GBPUSD Spread
0.1	0.8 pips
EURUSD Spread
0.1	0.5 pips
EURGBP Spread
0.1	0.8 pips
Assets
70+	57
Currency Indices
	USD
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.	OspreyFX offers a decent selection of crypto coins paired with USD, including Bitcoin. 1:10 leverage is available with starting deposits from just $10 and support for Expert Advisors (EAs).
Spread
0.1	Variable
Coins
BTC LTC ETH EOS BCH XLM	BTC DASH EDO EOS ETH IOTA LTC NEO OMG SAN XMR XRP ZEC DOGE SHIB ADA SOL DOT AVA XLM TRON ETC BNB BCH BAT
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

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