AAAFx

 AAAFx
Deposit Bonus 30%
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Overview

AAAFx is a forex broker with quite long history. First established in 2008, they have been around for more than 10 years so far. Their headquarters is in Athens, Greece. During the past 5 years, the firm opened thousands of live accounts for clients from 176 countries all over the world. It is regulated and licensed by the EU as it is mentioned on their website.

Deposits and Withdrawals

There is one standard account available with the minimum initial deposit of 300 USD required, which is average on the market. According to the laws of the European Union, clients funds are being held segregated from company’s operational funds. The firm also offers a generous bonus system which includes 30 % bonus on all deposits, 25 USD welcome bonus, and 100 USD refer a friend promotion. You can deposit with all major credit/debit cards (VISA, MasterCard or UnionPay), bank wire (takes 2-3 business days for the transaction to occur), Bitcoin (around 30 minutes), Skrill, Neteller, QIWI, Giropay. Among the supported currencies are EUR, USD, JPY, CHF, GBP, BGN, AUD. Withdrawals are usually confirmed within 1 business day. It is a matter of few business days until your funds will reach your Bank account, depending on the destination country, the use of an intermediary bank etc.

Trading

The company seems to offer only one single account type. It is also possible to open Islamic account with zero swaps for people of this religion. There is also a demo account available for novice traders and those who want to try their skills before starting with real funds. There are no surprises in terms of trading platforms which are offered. You can take all the advantages of most popular Metatrader 4, such as Expert Advisors, for instance. It is available as desktop and as a mobile version for Android and iPhone. Mac and Linux users will not be able to trade with this broker. The firm also offers Zulu Trade platform with all its special features like auto-trading services and trading robots. You can also develop your own algorithms and auto-trading scripts.

Instruments

The company offers trading with more than 50 currency pairs, oil, precious metals, indices, and binary options. Sole account offers tempting spreads, averaged 0.2 pips on EUR/USD pair. However, the broker charges a commission of $10 per standard lot which does not please at all. So, the average cost of trading for this pair is around 2.2 pips per lot, while most brokers provide spreads within the range of 1.0 – 1.5 pips. GBP/USD goes with 0.4 pips, more exotic pairing like NZD/JPY is traded with 1.6 pips. Nevertheless, you will be glad to hear that scalping and hedging strategies are allowed here.

Conclusion

While AAAFx charges quite high commission per trade and offers only one single account type, these disadvantages are covered by auto-trading systems provided by their platform, and through the option of using scalping and hedging trading strategies.

  • ***
    Broker AAAFx
    Website URL https://www.aaafx.com
    Minimum 1st Deposit$300
    BonusDeposit Bonus 30%
    Leverage1:200
    Spreadfrom 0.2 pips
    Free Demo Account Open Demo
    RegulationMiFID
    Number of Assets300+
    US Traders Allowed Yes
    Overall Score4.8

One Response to “AAAFx”

  1. Hi, I want to share my trading experience with AAAFX with you. I haven’t been with them for long so far, only started 3 weeks ago. I was pleased to see that they have demo account for novice traders to practice their skills before starting up with the real money. I was also pleased with low spreads, EUR/USD pair starts with 1.5 pips. In order to set up real account, you have to deposit 300 USD which is average for the market. All in all, I’m good with this broker for now. Will see what the future holds.

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