AZAforex Review 2021

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AZAforex Facts & Figures

AZAforex is an online broker offering a wide range of asset classes, helpful features, analytical tools and payment methods for clients across the world to get stuck into the financial markets.

InstrumentsCFD, Forex, Crypto, Binary Options, Stocks
Demo AccountYes
Min. Deposit$1
Payment MethodsADVcash, Credit Card, Debit Card, Perfect Money, QIWI, Wire Transfer
Min. Trade0.00001 lots
Regulated ByUnregulated
MetaTrader 4No
MetaTrader 5No
cTraderNo
STP AccountNo
ECN AccountYes
DMA AccountNo
Mobile AppsiOS & Android
Margin TradingYes
Auto TradingNo
Social TradingNo
Copy TradingNo
Trade SignalsNo
Islamic AccountYes
Account
Currencies
USD
CFD
AZAforex boasts a wide range of CFD instruments, encompassing forex, cryptos, equity indices, stocks, precious metals and energies
FTSE SpreadVariable
GBPUSD SpreadVariable
Oil SpreadVariable
Stocks SpreadVariable
Leverage1:1,000
Forex

AZAforex clients can trade over 70 major, minor and exotic currency pairs

GBPUSD SpreadVariable
EURUSD SpreadVariable
EURGBP SpreadVariable
Assets72
Cryptocurrency

Nine different cryptocurrencies can be traded as CFD currency pairs against the US dollar.

SpreadVariable
CoinsBTC, BCH, DASH, ETH, LTC, USDC, USDT, XMR, XRP
Binary Options

AZAforex offers binary options with time-dependent payouts that can be taken out on any asset included as a CFD or spot instrument

Payout Percent70-90
Risk Warning – Your capital is at risk

AZAforex is an offshore broker offering a wide range of forex, crypto, CFD and binary options trading on its own Mobius Trader 7 platform. The firm offers competitive leverage rates, fees and execution systems. This 2021 AZAforex review will explore the firm’s payment methods, account types and trading platforms so you can make an informed decision regarding opening an account.

AZAforex Headlines

AZAforex was founded in 2016 by a group of financial professionals. Today, it provides brokerage services to traders and companies across the world. Clients can trade forex, cryptocurrencies, CFDs, indices and commodities via the proprietary Mobius Trader 7 platform.

The company is registered offshore and is licensed to operate under St Vincent and the Grenadines law. Headquarters are located in Kingstown, St Vincent and clients can trade with AZAforex from all over the world, joining an active community of over 122,000.

AZAforex offers a range of assets, payment methods, tools and strategies. It is a liberal trading environment that may appeal to those with a high-risk appetite, while it could spell big losses and possibly even the end of a trading career for others.

Trading Platforms

The Mobius Trader 7 is the only trading platform supported by AZAforex. It is a proprietary platform that offers access to a range of global markets, as well as market execution and ECN tools.

Mobius Trader 7 is an integrated, feature-rich platform. Clients can choose from 16 base currencies and trade with spreads as low as 0.00001 pips. The platform supports high-speed execution and closing and all accounts can be accessed from a single portal.

Clients can trade freely on the Mobius Trader 7 without broker intervention. All trading strategies are supported, including scalping and hedging, and there are no restrictions on stop and limit levels.

The key features of the Mobius Trader 7 include:

Mobius Trader 7 is available to download on desktop and mobile devices. There is also a web version for browsers.

Products

Clients can access all major markets and trade a wide range of instruments including:

AZAforex also supports anonymous trading when funded using cryptocurrency.

Spreads & Fees

AZAforex generally offers variable spreads accounts, though VIP account holders can opt for fixed spreads. Spreads start at 0.1 pips for VIP accounts, 0.5 pips for Pro accounts and 1.1 pips for Start accounts.

Leverage

The maximum leverage available is 1:1,000. This is very competitive, especially compared to brokers regulated by top tier bodies like the FCA and ASIC. Whilst leverage provides the opportunity to make a big return on a comparatively small initial investment, it carries significant risk and should only be used by experienced clients as part of a comprehensive risk management strategy.

Mobile App

The Mobius Trader 7 platform is available for use on mobile devices. The application is compatible with iOS and Android software and can be downloaded free of charge from the AZAforex website.

The mobile platform offers most of the features available on the desktop version but is less easy to navigate. For data-intensive tasks, we would recommend using the desktop version, where possible.

AZAforex login review
Mobius Trader 7 Platform

Account Types

AZAforex offers three account types:

Payment Methods

The brokerage platform supports a range of funding options, including:

Processing times will vary by method. Wire transfers can take three to four business days while deposits using payment cards are done within the hour. Account minimums are $1, though wire transfers have a minimum deposit limit of USD 200.

Deposits and withdrawals do not incur charges from AZAforex, though third parties may impose their fees. Verification is required for all payment methods except for those made using cryptocurrencies.

To make a deposit, log in to Trading Terminal and select the Deposit Funds menu. Choose your preferred payment method and enter the desired sum.

The minimum sum that can be withdrawn is USD 10. To withdraw funds, head to the Withdrawals tab on the trading platform. Funds can only be withdrawn to an account listed in the account holder’s name.

Demo Account

AZAforex offers prospective clients an opportunity to test its platform before opening a live account. Customers can test new strategies, tools and features risk-free via the AZAforex demo account. It is free to use and can be set up in just a few simple steps.

Promotions

AZAforex offers several bonuses and promotions to help entice new customers. Clients can enjoy a bonus of up to 25% when depositing funds by cryptocurrencies. There is also a loyalty bonus, a no-deposit bonus and a CD bonus. A free VPS is also offered to VIP account holders.

Regulation & Licensing

AZAforex is a legally registered offshore broker, operating from St Vincent and the Grenadines. The broker is unregulated, meaning that its activities are not monitored by any government agency. As a result, there are much greater risks for any client that chooses to trade with the firm.

When trading with a regulated broker, clients are protected from malpractice and fraud, which is essential if something goes wrong. Unregulated brokers, on the other hand, can act in any way they see fit. We would not recommend trading with an unregulated broker as the risk to the client is not only much greater, it is also entirely unnecessary given that there are lots of great, regulated brokers around.

Economic Calendar

Benefits

Drawbacks

Customer Support

The AZAforex customer service team can be contacted directly via email or telephone. There is also the option to submit a ticket request under the ‘Contact Us’ tab of the broker’s website. Additional information and latest insights can be found on the company’s Facebook, Twitter, Instagram and YouTube channels.

Security

AZAforex holds client funds in segregated bank accounts only in countries where this is stipulated by law, though all clients are protected by negative balance protection. No further information on any additional security measures is provided on the broker’s website regarding extra protective measures or insurance policies. There is also little insight into the technical and security features of the platform, which is slightly concerning given that it will store personal and financial data.

AZAforex Verdict

AZAforex is an unregulated broker with limited information regarding security and some negative customer reviews. However, the firm offers a wide range of trading instruments, including cryptos and binary options, with a sophisticated proprietary platform and high leverage rates. Moreover, clients can access a VPS, ECN execution, a demo account and a range of bonuses and promotions.

Accepted Countries

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

Alternatives to AZAforex

If you are looking for alternatives to AZAforex we have compiled a list of the top 5 brokers that are similar to AZAforex below. This list of brokers like AZAforex is in order of similarity and only includes companies that accept traders from your location.

  1. eToro – eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
  2. 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 very tight spreads and a cutting edge platform.
  3. LQDFX – LQDFX offers online trading with multiple STP accounts and MT4 analysis tools.
  4. Paxful – Paxful is a crypto trading exchange and digital wallet offering low fees and easy sign-up.
  5. Exinity – Exinity provides flexible low-cost trading in FX, commodities, indices and equities alongside unique education and support provided by teams located across the world. Now operating in the Middle East, through regulation from the Financial Services Regulatory Authority in Abu Dhabi and the Financial Services Commission of Mauritius, Exinity provides a range of services to traders and investors looking for new opportunities in the financial markets.

FAQ

What Is The Minimum Deposit For AZAforex?

$1 is the minimum deposit required to open a Start account with AZAforex. The Pro and VIP account minimums are $2,000 and $10,000, respectively.

Is There A Deposit Bonus Available With AZAforex?

There are several deposit bonuses and welcome bonuses and promotions run by AZAforex. There is a 25% crypto deposit bonus, alongside a range of loyalty, rebate and no deposit offers.

Can I Trade Binary Options on AZAforex?

Yes, AZAforex offers clients access to binary options contracts. These instruments are simple derivatives and are priced by timeframe, ranging from 70% for 30-second contracts to 90% for 1-day contracts.

Is AZAforex Regulated?

No, AZAforex is an unregulated, offshore broker. This means that it is not monitored by any government agency and there is no guarantee that either its practices are fair or clients have avenues for legal recourse.

Does AZAforex Have Mobile Trading?

Yes, the broker offers a mobile version of its proprietary Mobius 7 trading platform. This tool can be downloaded for iOS and Android devices for free and offers much of the functionality found on the desktop client.

AZAforex is an online broker offering a wide range of asset classes, helpful features, analytical tools and payment methods for clients across the world to get stuck into the financial markets.

AZAforex vs Other Brokers

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