AAAFx offers its clients a single account with leverage up to 1:500, variable and the option to trade in micro lots on the popular Metatrader 4, that is fully integrated with the largest Social Trading Network, Zulutrade. Therefore, no commission is charged for trading signals.
Besides, anyone of Islamic faith can apply for a swap-free (Islamic) account with AAAFx.
The Company. Security of Funds
Triple A Experts Investment Services S.A.
AAAFx offers online trading in over 50 currency pairs, indices, oil, metals and binary options. If you are copy-trader using ZuluTrade, then AAAFx is an excellent choice for you as AAAFx is, in fact, ZuluTrade’s own brokerage, operating out of Athens, Greece. Being a Greek broker licensed by the Hellenic Capital Market Commission (HCMC), Triple A Experts Investment Services S.A. falls under European Union regulations so investors are better protected.
In accordance with EU financial regulations, client funds are segregated from the company’s operational funds. Besides, the compensation payment to investors for liabilities arising from the provision of investment services is governed by the provisions on the Investor Compensation Fund. The coverage amount for the investment services offered to the Client comes up to thirty thousand (30,000) EUROS per person.
The companies licensed by HCMC are also required to abide by ESMA guidelines on the sale of complex products where online forex is specifically mentioned as such. As a EU-regulated broker, AAAFx is entitled to offer cross-border services within the Union under the MiFID Passporting Regime.
Minimum Initial Deposit
In order to open a live account with AAAFx you have to deposit $300, which is average for the market.
Spreads & Commissions
AAAFx`s sole account provides tight variable spreads, averaged 0.2 pips on EUR/USD, however salty commission of $10 per standard lot applies. So, average cost of trading for this pair is around 2.2 pips per lot, while most brokers provide spreads within the range of 1.0 – 1.5 pips.
The maximum leverage level offered by AAAFx is 1:500, which is a high ratio. Yet, many brokers provide leverage equal to or exceeding 1:500. Keep in mind, however, that high leverage levels involve greater risk. That is why both CySEC and FCA undertook measures to restrict leverage levels provided by regulated brokerages.
Platform-wise, there are no surprises with AAAFx here: you can trade with Metatrader 4 (MT4) and take advantage of all its goodness, such as for example Expert Advisors (EAs). The platform is available as desktop and mobile versions for Android and iPhone, which is a bummer for Mac and Linux users with Windows Mobile phones as they won’t be able to trade with AAAFx.
AAAFx also offers the web-based ZuluTrade Platform, equipped with technical analysis indicators (Trend, Oscillators, volatility, volumes, Bill Williams etc.) and charts (Candlesticks, OHLC, lines) you can tailor according to your trading requirements. In addition, ZuluScripts™ allows trading robots to be used or developed via your own algorithms to run your trading strategies.
Whether you are a manual trader or choose to trade signals, you would be happy to know that with this broker you can use pretty much any trading strategy, including scalping and hedging.
AAAFx is a generous broker that offers a number of promotions:
– up to 30% BONUS on all deposits (of at least $500);
– $100 Refer-A-Friend Bonus;
– $25 Welcome bonus.
Methods of Payment
Unlike most brokers, AAAFx does not offer a variety of deposit and withdrawal methods: bank wire transfer, credit/debit cards and e-wallet Skrill, Neteller, Sofort, giroPay, iDEAL, QIWI, Przelewy24, EPS, and Teleingreso.
AAAFX, owned by Zulutrade, is a reputable, Greek-registered forex and binary options broker that has been active in the Forex industry since 2008. Our may concern with AAAFX is that it charges salty commission fees.
AAAFX Review Conclusion
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