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AAAFX review and ratings

Established 2008
Location Greece
Regulation HCMC
Offices Piraeus
Broker type STP
Leverage up to 1:30
Deposit from 300 USD
Spreads mid  mid
Platforms Web MetaTrader 4 Specific
Instruments Currencies Crypto Indices Metals Energies Bonds
Funding methods Wire Transfer Credit Cards Skrill Neteller UnionPay Qiwi iDeal Sofort Bitcoin Giropay Przelewy24

Company information

AAAFX is a forex broker located in Greece and regulated by the Hellenic Capital Market Commission (HCMC).

Be aware, the company has some trading restrictions because of the European Securities and Markets Authority (ESMA) influence.

Availability

AAAFX accepts clients from all over the world, excluding USA, Quebec province (Canada) and some countries from the OFAC list.

Distinctive features

Trading instruments

Forex broker offers the following underlying assets for trading.

35+ Currency Pairs Based on major and minor world currencies.
5 Crypto Pairs Based on Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Ripple.
10 Indice CFDs Based on baskets of different blue-chip stocks.
5 Metal CFDs Based on Gold, Silver, Platinum, Palladium and Copper.
3 Energy CFDs Based on Crude Oil (WTI, Brent) and Natural Gas.
1 Bond CFD Based on German Government’s Federal Bond.

Comprehensive review

AAAFx is a forex & CFD broker headquartered in Athens, Greece, and regulated by both the Hellenic Capital Market Commission (HCMC) and the European Securities and Markets Authority (ESMA) under registration number 2/540/17.2.2010.

As en EU-regulated brokerage company, AAAFx is obligated to follow the strict ESMA regulations pertaining to trading leverage, negative balance protection, and classification of clients as either professionals or non-professionals. Although this means that trading conditions may not be as flexible as elsewhere, it also adds an extra layer of safety and security which many traders appreciate.

Specifically, the leverage regulations for non-professional traders that applies both in Greece and elsewhere in the EU says that major forex pairs can be traded with a maximum leverage of 1:30, while gold, minor forex pairs, and major stock indices can be traded with a maximum leverage of 1:20. Other assets comes with even lower leverage. In general, the rule here is that the more volatile the asset is, the lower the leverage will be.

AAAFx offers trading in a number of different markets, including forex, cryptocurrencies, commodities, bonds, and stock indices. The widest selection of trading assets, however, is found within the forex space, with more than 35 different currency pairs to choose from.

Compared to other forex & CFD brokers, AAAFx does not offer a huge selection of trading assets, although certainly enough to satisfy the needs of most traders. However, some traders may wish to see a greater selection of stock CFDs for trading, which unfortunately is lacking from this broker. In addition, it should be pointed out that spreads with AAAFx are in the mid-range, and not thus among the lowest in the industry.

In terms of trading platforms, AAAFx offers both the well-known MetaTrader 4 (MT4), as well as a web-based trading platform known as ZuluTrade. While MT4 probably does not need an introduction here, ZuluTrade is a less known social trading platform that makes copy-trading easy, even for complete beginners. The platform lets traders easily browse through other users’ past performance, and then choose who to follow and how much capital to deploy.

When it comes to account types, AAAFx offers both regular live trading accounts, demo accounts for practice purposes, as well as a swap-free account for Muslim traders.

Trading accounts can be funded through all the regular means such as bank wire transfers, credit & debit cards like Visa, MasterCard, and UnionPay, as well as Skrill and Neteller. Fortunately for all cryptocurrency holders out there, AAAFx now also accept Bitcoin as a funding method for trading accounts.

AAAFx’s customer support is open 24 hours a day on all trading days via phone, email, and live chat. As a highly appreciated extra service to traders from around the world, support is available in a whopping 11 languages, including English, Greek, German, French, Spanish, Italian, Portuguese, Russian, Chinese, Arabic and Japanese. That is a far better offering in terms of customer service than most other companies in the industry, which proves that AAAFx takes this part of their business responsibility seriously.

Overall, we believe AAAFx is a good forex broker, especially for traders who are interested in social trading and copy trading via their ZuluTrade platform. The broker is also strictly regulated within the European Union, which makes it a much safer choice than the many unregulated and offshore-based forex brokers.

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