AZAforex Review 2024


3.4 / 5
AZAforex is #18 in our binary options broker rankings.

AZAforex is best for active forex traders looking for ECN pricing with high leverage up to 1:1000 and a sophisticated trading platform.

- Daytrading Review Team

AZAforex is a multi-asset broker founded in 2016. The brand offers a sophisticated proprietary platform, ECN trading and 40+ deposit methods. The brokerage has 120,000+ registered customers with copy trading and a VPS.

$1
Own
CFDs, Forex, Stocks, Cryptos, Commodities
-
USD, THB, VND, UAH
QIWI, Volet, Debit Card, Credit Card, Wire Transfer, Perfect Money

Binary Options Trading

AZAforex offers binary options with time-dependent payouts that can be taken out on any asset included as a CFD or spot instrument. Over 50 binary options are available with a $1 minimum stake and payouts up to 190%.

Forex Trading

Trade 49 major, minor and exotic currency pairs with fixed spreads or ECN pricing with no dealing desk intervention and a low starting deposit. You can analyze the currency markets using the broker's in-house trading platform.

Stock Trading

AZAForex offers trading on a modest range of US stocks including Google, Apple and Amazon. You can also speculate on leading indices such as the FTSE.

CFD Trading

Trade 200+ CFDs with leverage up to 1:1000 on a powerful proprietary platform. Asset classes include stocks, forex and crypto with ECN execution. You can bet on rising and falling prices with leveraged CFDs.

Crypto Trading

Invest in 10 popular cryptos such as Bitcoin and Ethereum. A choice of six crypto account base currencies are available plus a welcome bonus for new traders.

✓ Pros

  • Range of crypto, e-wallet, credit/debit card and wire transfer options
  • 16 fiat and 6 crypto account base currencies
  • Loyalty bonuses and rebate program
  • Low minimum deposit of $1
  • Very high leverage up to 1:1000
  • Copy trading and PAMM account
  • Free VPS for VIP accounts
  • Demo account available

✗ Cons

  • Unregulated broker reduces its safety score
  • Withdrawal fees for some payment methods
  • Limited educational content and resources
  • Some poor customer reviews
  • No MetaTrader access

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 2024 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
Economic Calendar

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.

FAQs

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.

Top 3 Alternatives to AZAforex

Compare AZAforex with the top 3 similar brokers that accept traders from your location.

  1. 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
  2. Dukascopy – Dukascopy is an online broker operated by a Swiss-regulated banking group. It offers a good selection of 500+ markets, with forex, stocks, gold, ETFs, indices, bonds and cryptocurrencies available. It also offers flexible trading opportunities through the choice of CFDs or binary options. Traders will use MetaTrader 4 or a proprietary platform that is well-suited to automated trading.
    Go to Dukascopy
  3. IQ Option – IQ Option is a trusted broker with multi-asset trading on its user-friendly proprietary platform. The broker provides trading on forex, stocks, cryptos, indices, commodities and ETFs with competitive fees and a good suite of extra features and educational content. You can also open an account with just $10.
    Go to IQ Option

AZAforex Comparison Table

Compare AZAforex With Similar Brokers
AZAforex World Forex Dukascopy IQ Option
Rating 3.4 4 3.6 4
Markets CFDs, Forex, Stocks, Cryptos, Commodities Forex, CFD Stocks, Metals, Energies, Cryptos, Digital Contracts Forex, CFDs, indices, shares, commodities, metals, cryptocurrencies, bonds, binary options CFD, Forex, Crypto, Stocks, Digital Options
Demo Account Yes Yes Yes Yes
Minimum Deposit $1 $1 $100 $10
Minimum Trade 0.00001 Lots 0.01 Lots 0.01 Lots 0.001 Lots
Regulators SVGFSA FINMA, FCMC, JFSA
Bonus 100% Deposit Bonus 10% Equity Bonus
Education No No Yes No
Platforms Own MT4, MT5 MT4, AlgoTrader Own
Leverage 1:1000 1:1000 1:200 1:500
Payment Methods 6 10 11 14
Visit Visit Visit Visit Visit
Review World Forex
Review
Dukascopy
Review
IQ Option
Review

Compare Trading Instruments

Compare the markets and instruments offered by AZAforex and its competitors. Please note, some markets may only be available via CFDs or other derivatives.

Compare AZAforex Trading Instruments
AZAforex World Forex Dukascopy IQ Option
Binary Options Yes Yes Yes Yes
Expiry Times 1 minute – 7 days 3 minutes – 1 day
Ladder Options No No No Yes
Boundary Options No No No Yes
CFD Yes Yes Yes Yes
Forex Yes Yes Yes Yes
Stocks Yes Yes Yes Yes
Commodities Yes Yes Yes Yes
Oil Yes Yes Yes Yes
Gold No Yes No Yes
Copper No No Yes No
Silver Yes Yes No No
Corn No No No No
Crypto Yes Yes Yes Yes
Futures No No No No
Options No No No Yes
ETFs No No Yes Yes
Bonds No No Yes No
Warrants No No No No
Spreadbetting No No No No
Volatility Index No No No No

AZAforex vs Other Brokers

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AZAforex is a multi-asset broker founded in 2016. The brand offers a sophisticated proprietary platform, ECN trading and 40+ deposit methods. The brokerage has 120,000+ registered customers with copy trading and a VPS.