AAAFx offers to trade a huge range of currency pairs, metals, CFDs on goods, indices, bonds, and cryptocurrencies (Bitcoin, Ethereum, and Litecoin).
- Start year:2008
- Country of origin:Greece
- Payment options:bank cards, wire transfer, electronic payment systems, bitcoin
- Minimum account size:$300
- Minimum lot size:0.01 lots
- Leverage:up to 1:500
The AAAFx trademark, founded in 2008, belongs to AAAFx yCertified Employees. The broker’s headquarters are located in Athens, Greece. The company is licensed by the Hellenic Capital Market Commission (HCMC, license number 2/540/17.2.2010) and is regulated in compliance with the EU rules.
In accordance with the EU financial regulations, client funds are segregated from the company’s operational funds. In case the company is unable to pay money to its clients due to bankruptcy or other reasons, traders are able to apply to the Investor Compensation Fund where they can receive a refund up to EUR 30,000 per person. As an EU-regulated broker, AAAFx has the right to offer its services throughout the European Union in accordance with the MiFID directive. The company operates in 176 countries employing more than 70 people.
AAAFx ensures its clients a single standard account with a minimum deposit of $300. This account provides variable spreads, an average of 0.2 pips on EUR/USD, but a commission of $10 per standard lot is applied. Thus the trader will pay 2.2 pips for the same currency pair, while most brokers suggest spreads within the range of 1.5-2.0 pips.
The size of the leverage is individual for each trader, it depends on the deposit but cannot be more than 1:500. In addition, you can open an Islamic account with zero swaps. Anyone who professes Islam can apply.
A separate offer is available for institutional clients. The required deposit starts with $100,000. There is also a corporate account for business customers and a demo account for newbies. The minimum lot volume for metals and CFDs is 1 standard lot.
The main feature is cooperation with ZuluTrade, the largest free social network, where more than half a million users and 100,000 strategies are registered.
Another feature is an opportunity to trade CFDs on Bitcoin. That allows you to trade the highly volatile market value without necessarily having a currency in stock. Surprisingly, in the educational section, the broker only has a glossary.
Thanks to its partnership with the ZuluTrade platform, AAAFx renders automated trading services at no cost to its clients. The commercial execution on this platform is fast and easy, and the trading is available on all mobile devices. The platform is equipped with technical analysis indicators and charts which you can tailor according to your trading requirements. This advanced platform for automated trading is easy-to-use and requires no installation. You just need to choose and automatically set up an account to copy your trading signals. Advisors (EA) are also allowed.
AAAFX uses the popular MetaTrader 4 platform. It is available as desktop and mobile versions for Android and iPhone, but Mac and Linux users with Windows Mobile phones won’t be able to use special AAAFx applications. The trading is possible for them only by opening the tab on the browser page.
Whether clients trade manually or choose to trade on signals, they can use almost any trading strategy including scalping and hedging.
AAAFx is a generous broker offering a number of bonuses:
– $100 for the «Refer a friend» program, within which the bonus is received by both the trader and the new client who was brought to the company by this trader (provided that the newcomer connects to ZuluTrade);
– the $25 a welcome bonus for the accounts that were not topped up but verified their mobile phone number online.
All major bank cards, wire transfers, and e-wallets Skrill, Neteller, Sofort, giroPay, iDEAL, QIWI, Przelewy24, EPS, and Teleingreso are accepted. The client can even pay with bitcoins directly through the bitcoin-wallet.
Another method that guarantees immediate funds crediting is an AAAFx’s instant transfer. It is carried out by credit card or through Neteller. The fees for deposit and withdrawal of funds can be found on the site.
The team works 24/5 and advises in 11 languages including English. The support service is available via phone (there are numbers for different regions), e-mail, and live chat.