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AAAFx is an online forex and CFD broker that was founded in 2008 in Athens, Greece. They offer online trading services to traders from 176 countries across the globe, offering over 220 tradable instruments, including currency pairs, indices, commodities, stocks, cryptocurrency, and Treasury. The broker provides flexible trading platforms, including the MetaTrader 4 and ZTP, and also supports social trading via ZuluTrade. They operate an ECN model of trade execution and provide quality trading conditions, including good execution speed, competitive trading fees, and a multi-lingual customer support service.
AAAFx Platforms & Tools
The broker provides their clients with a number of flexible and user-friendly trading platforms, including the following:
- ZTP Platform: This is a web-based trading platform that runs directly on modern browsers, such as Chrome, Edge, Safari, and Firefox.
- MetaTrader 4 (MT4): The most widely used trading platform, MT4 is available as a web trading terminal, desktop applications for Windows and Mac computers, and mobile apps for Android and iOS devices.
- ZuluTrade: One of the largest social trading platforms, ZuluTrade makes it possible for you to copy the trades of more experienced traders.
- AAAFx Mobile App: This is the proprietary mobile trading app developed by the broker, and it is compatible with iOS and Android devices. With the app, you can manage your trading accounts, fund or withdraw from your account, and also copy trade signals via ZuluTrade.
Apart from the tools that come with the platforms, the broker does not provide any other trading tools.
AAAFx Research & Education
AAAFx has a short glossary of about 18 forex and CFD trading terminologies on their website. The glossary covers terms like swap, pip, and others. But aside from that glossary, the broker does not provide any other educational materials.
AAAFx Trading Accounts
AAAFx offers 3 different account types:
- Classic Account: With the Classic Account, you can trade manually or copy signals from other traders. It is available on both the ZTP and MT4 platforms.
- Profit-Sharing Account: Strictly for copy-trading via the ZuluTrade platform, the account carries a $15 commission per lot per round turn and a 20% monthly performance fee on profits made.
- MT4 Account: This account is exclusively for trading on the MT4 platform and does not have access to the ZuluTrade social trading platform. It offers the lowest trading fees of $2.5 per side per lot traded.
Islamic friendly, swap-free accounts are available on request.
AAAFx Account Funding
The broker accepts multiple payment channels for account funding and withdrawals. They include debit/credit cards, bank transfers, Bitcoin, and online payment processors, such as Skrill, Neteller, iDeal, Giropay, Sofort, Przelewy24, and Qiwi. Transaction charges and the payment processing time depend on the payment method.
AAAFx Customer Service
AAAFx has a multi-lingual customer service team that is available 25/5. They can be reached via email, instant web chat, and phone lines from different countries. You can also reach them on Facebook, Twitter, and LinkedIn.
Being a Greece-based financial firm, the broker is registered with and regulated the Hellenic Capital Market Commission (HCMC), which the regulatory agency that supervises financial firms in Greece. Since Greece is a member of the EU, the broker also abides by the rules from the European Securities and Markets Authority (ESMA) and comply with MiFID ii.
AAAFx Review Summary
AAAFx is a Greece-based online broker that offers forex and CFDs on stocks, indices, cryptocurrencies, and commodities. They provide flexible trading platforms and support social trading. However, there are limited trading tools and educational materials.
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