AAAFx Broker ReviewMinimum Spread : 0.3
Foundation Year : 2008
Min Deposit $ 300
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AAAFx Broker Review – Breaking Down the Features: AAAfx broker is a trading company whose headquarter is in Greece, Europe, and started operations in 2008. Further, the firm provides several tools and trading platforms to facilitate its clients. The range of tradable assets includes stocks, commodities, indices, cryptos, and many more. In total, there are 200+ instruments available with them.
There is a minimum deposit of $300 to start buying and selling. But, you can also use the broker’s demo account service. The article shall do a review of the popular online trading platform AAAFx broker. It shall include the significant traits of the broker, along with a conclusion at last.
Features For AAAfx Broker
1. Regulation & License
AAAFx broker is a regulated broker in Europe with the financial body HCMC, i.e. Hellenic Capital Market Commission. The Greece authority body, HCMC, is MiFID compliant judiciary and is licensed to operate. The brokers’ license number with the body is 2/540/17.2.2010. Further, all the brokers working under the license of HCMC have to obey the guidelines given by ESMA (European Securities Markets Authority).
Moreover, the clients’ funds are protected and insured up to 30,000 Euros. Also, there is an investor compensation funds policy followed by the broker.
2. Trading Assets
There are more than 200 financial instruments for trading to its clients. The range of assets includes around 35 currencies, 150+ stock derivatives, and several cryptos, indices, commodities, and treasuries.
One can also use different platforms and tools for trading them. Further, there is no fee or commission to sell or purchase these assets.
3. Trading Platforms
There are two AAAFx trading platforms available for users, namely, MetaTrader4 and ZuluTrade. A trader can access both the tools via mobile, desktop, and web version. These platforms help traders in buying and selling decisions as well as make sure that the execution is easy and smooth.
A trader can make the following tasks with these platforms: One-click trading, automated buying and selling, price predictions, market analysis, etc. with the help of tools like charts, patterns, indicators, signals, and many more.
4. Deposit & Withdrawal
There are several ways to deposit and withdraw the money from AAAfx brokers. A trader shall get the withdraw-able amount within 3-5 days, and the deposit amount is credited within 15 minutes.
Some of the available methods are – credit cards, debit cards, Skrill, Neteller, cryptocurrencies, and bank transfer. However, remember one can withdraw his amount from the same model as the money was deposited. Further, the user interface and the process of funds are easy to understand and safe. Also, remember there is a charge on withdrawing your money, which varies as per the currency.
5. Types of Accounts
There is a single type of account on the AAAfx broker for its retail clients. The standard account requires a trader to deposit a minimum amount of 300 dollars to start real trading. Further, one can buy small lots starting from micro ones through the broker. However, remember there is a charge of $20 on every lot traded.
The leverage facility is available up to 1:30. The low leverage is because the European authorities limit the margin trading for retail traders. Thus, the broker is following the financial guideline, which is a positive thing.
6. Customer Support
AAAFx customer support team is useful and impressive for users. The team works 24 hours and five days a week to serve its consumers. The associates are responsive as well as intelligent to answer the customers’ queries. The broker supports 11 languages, and one can contact them via email, chat, or telephone.
Also, the FAQ section is dedicated to solving the most common problems and questions of the users. There are 100+ Q&A given in this section.
Moreover, if you want to recommend the team any changes or improvements, then contact them via their social media platforms such as Facebook, Linkedin and Twitter. There is also a client form page.
There is as such no dedicated educational portal available on the website of AAAfx brokers. A trader needs to go for other sites and platforms like Youtube or Class Central to learn the basics as well as technicalities of trading. However, there is a terminology section available which defines several words related to all markets of investing. Further, there are also formulas and examples written for terms like pips and swap.
AAAFx is a reputed website and regulated online broker. The clients’ funds are safe and secure with the platform. Further, the broker offers some outstanding services like wide asset range, customer service, high technology back up, and many more. However, the absence of an educational portal and high withdrawal fees can act as lackluster for many.
These were the features of AAAfx brokers. The review has listed the significant attributes of the online trading platform and has discussed them in detail. Read every point and know if this broker suits you or not!
But, in the end, everything is in consumers hands. If you are looking for a reasonably good regulated broker in the budget, then the broker is worth noting.
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