June 5, 2020

AAAFx Review 2020 – Is AAAFx Scam or Legit?

aaafx review

Regulators: HCMC

Cryptocurrencies: YES

Minimum Deposit: $300

Maximum Leverage: 1:30

Spreads: Medium

My Score: 5.2

Today I will present one to AAAFx. AAAFx was set in 2008 and its own headquarters is currently in Athens, Greece.

According to this data I purchased from the site of the broker, aaafx.com, the business now applying 70 people, over the previous five decades, has victoriously opened tens of thousands of live reports from 176 countries internationally.

When we consider the range of traffic to this broker’s internet site, it receives a mean of 47k traffic each month. The traffic is primarily out of Germany with 33 percent. Greek and Chinese people are after them.

In this AAAfx review, you could have all of the answers for the next questions: Is AAAfx scam or decent forex broker? What are the account types of this broker? What are the trading requirements such as spreads, leverage, and minimal deposit? Can it be AAAfx regulated?

Regulation of AAAfx

The broker is accredited by the Hellenic Capital Market Commission (HCMC), respectively AAAFx is governed in Europe, enrollment no. 2/540/17.2.2010. Tax Identification Number: 998281207.

As a Europe regulated broker, the capital of customers is separated by the corporation ‘s usable capital. Additionally, there’s a payment strategy for those investors also it’s that the Investor Compensation Fund.

The policy level to its investment services offered on the customers is up to 30,000 per person. Due to the policy, investors’ funds are secured.

Besides, the companies licensed by HCMC are required to abide by ESMA (European Securities and Markets Authority) guidelines on the forex. You can check my ESMA post to obtain all the information about the changes.

Account Types and Spreads

There is only a single account type which named as Standard that AAAFx offers. The Standard account requires a $300 minimum deposit. Micro lots are available and spreads are from 0.2 pips has a fixed commission of 20 USD per standard lot traded.

AAAfx offers its clients 30:1 maximum leverage that is really low compared to many brokers. The trading conditions are not competitive. There are high commission fees and a high initial deposit amount.

Trading Platforms

AAAfx offers various trading platforms including the most popular platform MetaTrader 4 (MT4). Another platform that the broker offers is ZuluTrade.

ZuluTrade is one of the largest networks of talented Forex and Crypto Traders from 192 countries that you can simply choose to follow and automatically set your account to copy their trading signals.

In addition, ZuluScripts allows trading robots to be used or developed via your own algorithms to run your trading strategies.

AAAFx MetaTrader 4 provides you with the most essential tools and resources needed to analyze the market and improve your Forex and CFDs manual trading performance.

You can use both on mobile applications for iOS, Android, and Windows. You can auto-trade from anywhere, anytime and also enjoy support in multiple languages.

Trading Instruments

Offering trading options across several instruments including CFDs, binary options and Forex. You can trade with over 50 currency pairs, indices, oil, metals and binary options.

Apart from Forex, AAAFx offers to trade-in:

Metals: Gold, Silver, Palladium, Platinum, Copper

Commodities: US Oil, UK Oil, Natural Gas

Indices: ESP35, GER30, US30, ITA40, JPN225, NAS100, SPX500, AUS200, FRA40, UK100.

Treasury: German Government’s Federal Bond

Cryptocurrencies: Bitcoin BTC/USD Ethereum ETH/USD Litecoin LTC/USD

Customer Services

The broker has a good customer service which is available 24 hours a day from Monday to Friday. They offer an in-house live customer support-trading desk in 11 languages.

According to the broker, their main focuses are to offer both an exceptional trading experience and outstanding customer support.

Their live chat service was working very well. I demand a few questions and they replied fast and kindly. The brokers’ internet site supports an extensive assortment of languages like English, German, French, Spanish, Italian and even more.

Deposit and Withdrawal

One of the benefits with the broker could be your payment methods it includes. There are numerous deposit and withdrawal options touse.

aaafx residue witdrawal techniques

These techniques include bank wire transfer, credit/debit cards along with e-wallet Skrill, Neteller, GiroPay, EPS, Sofort, iDEAL, Przelewy24, along with QIWI. You might even utilize Bitcoin to finance your accounts.

Conclusion

I will state a Good Deal of great things concerning AAAfx. The first of the broker is regulated as well as dependable. I believe this time has become easily the most essential.

They fasten your own capital and individual details safely. Additionally, there are a number of diverse programs you can pick. They supply various trading tools and payment techniques too.

However, their commission prices are extremely high and trading requirements such as spreads and utmost leverage aren’t competitive.

Another bad thing in regards to the broker could be the shortage of range of account types. There have to be offered several kinds of accounts by the broker.

Finally, in the event that you’re unhappy in what this broker extends to you, then you can assess my high forex brokers list in order to discover a far better broker that is suitable for you personally.

AAAFx

4.8

Trust

4.0/10

Commissions and charges

3.0/10

Customer Service

7.0/10

Platform & Tools

6.0/10

Product Portfolio

4.0/10

Pros

  • EU regulated broker
  • MT4 and ZuluTrade endorsed

Cons

  • High Definition and penalties
  • Limited Account Types