AAAFx review and ratings

Established 2007
Location Greece South Africa
Regulation HCMC, FSCA
Offices Piraeus, Pretoria
Broker type ECN
Leverage up to 1:500 (1:30 for EU clients)
Deposit from 10 USD
Spreads low  low
Platforms Web MetaTrader 4 MetaTrader 5 Specific
Instruments Currencies Crypto Indices Metals Energies Stocks
Funding methods Wire Transfer Credit Cards Skrill Neteller UnionPay Qiwi iDeal Sofort Bitcoin Ethereum Tether Giropay AstroPay Przelewy24

Company information

AAAFx group includes 2 related companies.

AAAFx GR - located in Greece, regulated by the Hellenic Capital Market Commission (HCMC).
AAAFx SA - located in South Africa, regulated by the Financial Sector Conduct Authority (FSCA).

Be aware, AAAFx GR applies some trading restrictions following Regulatory Compliance to the European Securities and Markets Authority (ESMA).

Availability

AAAFx group accepts clients from all over the world, excluding USA, Quebec (Canada), United Kingdom, Belarus, Burundi, Burma-Myanmar, Cuba, Congo, India, Iran, Iraq, Japan, Lebanon, Libya, Mali, Nicaragua, North Korea, South Korea, Somalia, Sudan, South Sudan, Syria, Turkey, Puerto Rico, Venezuela, Yemen, Zimbabwe, Sri Lanka, New Zealand, Afghanistan.

Distinctive features

Trading instruments

Forex broker offers the following underlying assets for trading.

70+ Currency Pairs Based on major and minor world currencies.
5 Crypto Pairs Based on Bitcoin, Ethereum, Litecoin, Ripple, USDC.
11 Indice CFDs Based on baskets of different blue-chip stocks.
5 Metal CFDs Based on Gold and Silver.
3 Energy CFDs Based on Crude Oil (WTI, Brent) and Natural Gas.
400+ Stock CFDs Based on shares of US, UK and EU companies.

Comprehensive review

AAAFx is a forex & CFD broker registered in Greece and South Africa. The broker is fully regulated in both of the countries it is present, which also means that its Greek entity is subject to the EU’s ESMA rules.

For its Greece-regulated branch, 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 come 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, single stocks, and stock indices. Among these asset classes, AAAFx offers the widest selection of instruments in the stock market, where it supports trading in stocks from over 400 companies listed in the US, UK, and EU.

Compared to other forex & CFD brokers, AAAFx does not offer the largest selection of trading assets, although certainly enough to satisfy the needs of most traders. It’s also worth noting that the selection of instruments has grown in recent years, for instance through adding more stock CFDs.

In terms of trading platforms, AAAFx global (the entity for non-EU users) supports the well-known MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, a web-based trading platform known as ZuluTrade, and Act Trader.

Among these platforms, MT4 and MT5 probably do not need an introduction here. ZuluTrade, on the other hand, is a less known social trading platform that makes copy-trading easy, even for complete beginners. Similarly, Act Trader is not a very common platform, although it does have its own base of dedicated users. Like MetaTrader, Act Trader is available in both a downloadable desktop version and a web-based version.

One thing to note, however, is that EU-based users trading with the Greece-registered entity do not have access to ZuluTrade.

When it comes to account types, AAAFx’s options depend on which branch is used. For the South Africa-registered branch, there are four types to choose from: – ECN, with spreads from 0 pips and commissions from $2.5 per $100k
– ECN Plus, with spreads from 0 pips and commissions from $1.5 per $100k
– Islamic, with spreads from 1.8 pips and commissions from $2.5 per $100k
– ECN Zero, with spreads from 0 pips and zero commissions (min. Deposit $50,000)

For European traders using the Greece-based entity, the account types are:
– ECN, with spreads from 0 pips and commissions from $0.99 per $100k
– ECN Plus, with spreads from 0 pips and no commissions
– ECN Zulu, with spreads from 0 pips and commissions from $10 per 100k

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 accepts Bitcoin as a funding method for trading accounts, both for EU and non-EU users.

AAAFx’s customer support is open 24 hours a day on all trading days via phone, email, and live chat. The broker offers local phone support for the UK, Australia, Greece, Japan and Colombia.

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.

Reviews from traders

4.77/5
(39 votes)
5/5
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Hungary
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Netherlands
Netherlands
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Indonesia
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Italy
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Italy
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4/5
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Germany
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4/5
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5/5
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4/5
Germany
Germany
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France
France
4/5
Portugal
Portugal
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Germany
Germany
5/5
Portugal
Portugal
4/5
Romania
Romania
5/5
Spain
Spain
No rating
Serbia
Serbia
No rating
Spain
Spain
5/5
Poland
Poland
4/5
Poland
Poland
5/5
Hungary
Hungary
5/5
Romania
Romania
4/5
Serbia
Serbia
5/5
Czech Republic
Czech Republic
5/5
Spain
Spain
5/5
Denmark
Denmark
5/5
Poland
Poland
5/5
Italy
Italy
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Romania
Romania
5/5
Denmark
Denmark
5/5
South Africa
South Africa
5/5
Macedonia
Macedonia
5/5
Norway
Norway
5/5
Czech Republic
Czech Republic
5/5
Bulgaria
Bulgaria
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