AAAFx Broker Review

AAAFX

$20

Min Deposit

0.0

Min Spread

2021

Foundation

+2

Broker Trusted Points

AAAFx is a forex broker offering international services to clients. The company is working with the brand name ALPHA GLOBAL Limited (AAAFx International). It is incorporated with the laws of St. Vincent and Grenadines. It is located at St. Vincent and Grenadines, clarifying the laws that it follows. 

Traders have a wide list of brokers rendering their services and facilities to be the number one service provider in the world. However, it becomes quite difficult for traders to select one that could be profitable for their investment and has a brilliant support system. 

In the article, readers will get familiar with the AAAFx broker that has been in the market for a long time now. The broker has transformed as per advancements of technologies and is working daily to be the best. For more information on brokers, let’s drive in. 

AAAFx Broker Review: Pros and Cons

Every broker has some qualities and disadvantages that make them real. The same goes with the AAAFx broker. The international broker has many features that make it stand out from the crowd; at the same time, it has a few drawbacks that make it real. Below listed are the features and cons of the broker for a quick analysis of the traders: 

Pros: 

  • Ultra-low commission 
  • Regulated broker 
  • Trading platforms
  • Various trading accounts 
  • Thin spreads
  • Innovative broker
  • Top-notch trading conditions
  • Secure and reliable broker 
  • Provides CFDs
  • Several trading markets and instruments

Cons:

  • High minimum deposit 
  • No VPS services
  • No educational services

AAAFx Broker Review: Scam and Regulation

The broker is a regulated and secure place to invest funds with. They have the regulation of St. Vincent and Grenadines and the Financial Services Authority (FSA). It has registration number 25849. However, the brokerage services only fall under the FSA and not the company’s working. 

With its authorisation, it could be said that the firm works under secure trading conditions and protects its clients. Hence, it is a legitimate broker and not a scam. 

AAAFx Broker Review: Trading Account Types

The broker offers three types of trading accounts and a demo account for practising the trade. The beginners and the professionals all have access to the demo account services. Trading accounts are a significant part of the trade as they create the environment of investments and have the facilities that will help traders achieve their goals. 

Here we have discussed the trading accounts offered by AAAFx brokers for better trading conditions. 

Classic Account

A classic account is the primary account of the broker that is made available for all the clients. However, it is best suited for beginners and market experts. The broker has the following facilities available with the account: 

  • MT4 and ZuluTrade trading platforms
  • $10 forex trading commission 
  • Manual and social trading
  • Trading instruments 
  • Low spreads
  • High leverage 1:500
  • Minimum deposit $300 
  • Islamic account available 

MetaTrader4 Account

The MetaTrader4 account is for the traders who prefer only the MetaTrader4 trading platform for investing. The traders from all levels can access the trading account and have the advantage of the following services: 

  • MetaTrader4 
  • Manual Trading 
  • Islamic account 
  • $2.50 forex trading commission 
  • Thin spreads 
  • Leverage 1:500
  • Minimum deposit $300
  • Trading instruments

Profit-Sharing Account

The profit-sharing account is the account that is good for the experts of the trade as the account has facilities that could be used by the professional only. The profit-sharing trading account has below listed services: 

  • ZuluTrade 
  • Social trading 
  • $2.50 forex commission 
  • $30 subscription fees
  • 25% performance fee on profits from the previous high 
  • Minimum deposit $300
  • Thin spreads 
  • Leverage 1:500
  • Trading instruments 
  • Islamic account 

AAAFx Broker Review: Account Opening

To open a trading account, investors have to first register with the broker, for which traders need to follow a simple procedure. After visiting the official website of the broker, www.aaafx-international.com, they can click on the option of opening a live account at the top right. 

Next, traders can enter the information that is asked in the registration form. It includes name, email address, account type (Individual/ corporate), country of residence, and gets a verification code to create the account. 

The following step after registration is to fill out the trading account information. The information is regarding the trade experience of the investors, their documents that are the residence proof, income tax statements etc. 

With that, traders also have to tell about their income source, their license card or identity proof etc., for verification. In the end, traders have to submit their documents online for verification. Once verified by the broker, traders can access the account. 

They select the account type that suits them and deposits the funds to begin trading. Hence, the account opening process with the AAAFx broker is simple and quick. 

AAAFx Broker Review: Trading Platform

Trading platforms are a necessity of investors and brokers both as they help them attract traders, and to traders, they are the source of market prediction. Thus, it is required for a smooth trading experience. AAAFx brokers offer their clients the best trading platforms. 

Investors can choose the one that best suits their trade, and also the trading accounts are also platform-driven, such as the classic, MetaTrader4 and Profit sharing accounts all have their trading platform different. It is the classic account that has both the MetaTrader4 and ZuluTrade platforms. 

So, with this, we know that the broker provides two trading platforms. MetaTrader4 and ZuluTrade both are advanced trading platforms having the most significant services. 

ZuluTrade Trading Platform

ZTP is a state-of-the-art trading platform that has a number of features to make the trade feasible. The trading platform provides a fully-fledged web-based trading station for forex and CFDs manual trading. 

It is a new advanced trading platform that supports manual trading and social trading, whichever is best for the investors. Traders of AAAFx brokers can have the ZuluTrade platform with the Profit-sharing account and the classic account only. N addition, we have the following features with the trading platform: 

  • Technical charts 
  • Indicators 
  • Customisable 
  • Trading robots
  • Trading strategies
  • Connectivity 
  • Best for one-in-all-platform traders 
  • Web-based trading 

MetaTrader4 

MetaTrader4 is the best trading platform in the world as it has a user-friendly interface and flexibility for trading. The trading platform was developed in 2005 by MetaQuotes. It was initially established for forex trading, but with its advancement, it is now used for all market types. 

The traders of AAAFx brokers can have the essential tools with the trading platform. The traders can use it for market analysis and prediction. Below are the features of the trading platform:

  • Technical analysis tools 
  • Fundamental tools 
  • Charts and patterns 
  • Indicators and signals 
  • Helps in forex and CFDs manual trading 
  • Flexible trading system 
  • Algorithmic trading 
  • Expert advisors 
  • Automated trading 
  • Time frames 
  • Mobile application 
  • Smallest trade size 1000 units 
  • Trailing stop 

AAAFx Broker Review: Trading Instruments

The AAAFx broker has limited trading instruments and markets to invest in. It basically provides forex and CFDs for the trade. Here mentioned below are the trading instruments of the broker: 

  • Forex market 
  • Stock market 
  • Indices 
  • Commodities 
  • Cryptocurrencies

The broker offers 36 forex pairs, 9 stock indices, 170 company shares, 6 commodities and 5 cryptocurrencies to trade. 

AAAFx Broker Review: Commission and Spreads

Commission and spreads are the charges that are payable by the trader to the broker for using their services. Investors, therefore, should know about the commission and spreads being offered by the broker. 

AAAFx brokers have commission charges and some other fees that they charge for the services. The retail account of brokers has a commission on forex as high as 1200 for trading and low at 8, whereas the institutional account has a low commission charge of 2.5 and the highest 350. 

Moreover, the broker has inactivity fees; the CFDs also have commission charges which are low compared to the forex. Manual trading also has commission being charged. 

Spreads are the difference of the highest price and the lowest price of the instrument. The forex currencies have different spreads; however, the AAAFx broker’s spreads are thin. The lowest spread is 0.3 pip, and the highest being 1.6 for forex traders. 

AAAFx Broker Review: Leverage

Leverage is the loan that brokers offer to help their clients open at a high market position. Although it is risky to use leverage, it could be profitable if the trade is correct. Traders at their initial investment have an increased investment with the use of leverage. 

The AAAFx broker has minimum leverage of 1:1 and the highest leverage ratio of 1:500. Traders can use it as per their requirements but carefully. 

AAAFx Broker Review: Deposit and Withdrawal

Deposit and withdrawal of funds from the trading accounts is a continuous process for regular traders. Therefore, this needs to be a smooth and simple process for easy trading. AAAFx brokers have easy deposit and withdrawal methods; traders can invest their funds using a number of ways. 

The broker offers bank wire transfers, credit/debit cards and e-wallets to make the transactions. Here we have them listed: 

  • VISA 
  • Mastercard 
  • Bank wire transfers 
  • FairPay Cash 
  • Match2Pay 
  • Skrill 
  • Neteller 
  • VirtualPay

Traders can use all the above for deposit and withdrawal of the funds. However, for withdrawals, traders need to inform the broker in advance as withdrawal requires verification which takes a day’s time. 

AAAFx Broker Review: Education and Research

The broker does not have any facility for educating its clients. This is a drawback of the broker, which they can work on to help the clients learn about the trade. For research, the broker has a number of services that traders can use to understand market tactics and make their trade decisions. 

For research, traders can use the following: 

  • Technical tools 
  • Fundamental tools 
  • Analysis tools 
  • Indicators and signals 
  • Rollover calendar 
  • News and updates 

AAAFx Broker Review: Customer Support 

For customer support, the broker has professional help available 24 hours to guide their clients. Traders can connect with them using the following services: 

  • Message with email 
  • Multilingual services
  • Email address: [email protected] 
  • Contact number: +30 213-0117-498 
  • Call reminder

Final Verdict

The broker, AAAFx, is a good choice for the forex and CFD traders as most of its services are related to the two instruments. Traders can produce the best use of their trading platforms, accounts, leverage, deposit and withdrawal, research tools, analysis tools etc. 

However, the broker does not provide educational services and great research tools to help investors, which is the only drawback. Investors who do not require the service can trade with the broker and make most of the market opportunities. 

FAQ

How to reach the customer support team of AAAFx brokers?

Traders can connect with the team through the following facilities 24 hours: 

  • Email address
  • Phone number 
  • Call reminder 
  • Message 

What are the trading instruments available with the AAAFx broker?

The broker has the following markets and instruments for trading: 

  • Forex market 
  • Stock market 
  • Indices 
  • Commodities 
  • Cryptocurrencies

What is the maximum leverage available with an AAAFx broker?

The maximum leverage offered with the broker is 1:500. However, traders should use it carefully due to the risk associated with it. 

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