The company operates globally and to the customers of the broker include traders from 176 countries. In terms of trading instruments, the broker offers a selection of currency pairs, CFDs, commodities and indices. In addition, the Trading binary options is possible with AAAFx and through cooperation with ZuluTrade is AAAFx customers also the world of social Tradings open. We will see whether AAAFx is reputable and has what the broker ever to offer.
Positives and negatives to AAAFx Overview
That convinced us:
- Low Spreads from 0.3 pips
- Live Chat 24/7 available
- Friendly, competent customer support
- Transparency at all costs and conditions
- Low minimum deposit of $ 300
- Free use of MetaTrader 4
- Demokonten sind vorhanden
- Free demo accounts for all trading platforms
That was negative on:
- Comparatively low range of underlyings
- Partially high fees for deposits and withdrawals
- No educational opportunities
1. Trade Offer: Pretty small selection of instruments
In AAAFx customers currencies, indices and commodities and CFDs to trade. In addition, the Trading binary options is possible. As part of our AAAFx experience we have found that the Greek broker offers a relatively small selection of basic values when it comes to CFD trading. To be found at AAAFx following instruments:
- More than 60 currency pairs including both majors and exotic pairs include
- 12 indexes such GER 30, ESP 35, US 30 or NAS 100
- Commodities such as oil, silver or gold
Thus AAAFx counts clearly not the best performers, but also this choice allows to implement different trading strategies. In binary options trading can be found next to currencies, indices and commodities also shares, it may be speculated on their performance.
- Small selection of underlying instruments for CFD trading
- Indices, currencies and commodities selectable
- When trading binary options shares additionally be offered as underlyings
2. Trade Conditions: Low spreads and commissions
In our experience with AAAFx, we have found that the broker for the Fx trading calculates fixed spreads and commissions. So the spread is in the currency pair EUR / USD at 0.4 pips, USD / JPY is as high as 0.3 pips. To include these costs clearly one of the better, if you compare different brokers. Can AAAFx points also in the exotic currency pairs. So the spread at USD / MXN is 20 pips — with most other brokers start spreads this currency pair at 50 pips.
When it comes to trading binary options, then minimum amounts of $ 25 are given as input. $ 1,500 yields are maximum per trade possible the average is 75 percent of the amount used.
3. Deposits and Withdrawals: $ 300 minimum deposit
In terms of deposits and withdrawals our AAAFx have experience shows that customers are for the money transfer nine payment methods available. Negative falls on in this context means that for almost any deposits and withdrawals with the broker sometimes quite high fees are due. The amount of these costs depends on the method chosen and concretely sees the whole as follows:
- Credit and debit cards: 2.95 percent of the amount
- Bank Transfer: free
- Skrill: Bank fee of 2.90 percent + 0.25 euros, US dollars, etc.
- GiroPay: 2.20 percent of the amount
- EPS: 2.90 percent of the amount
- Teleingreso: 5.90 percent of the amount
- iDeal: 0.70 percent of the amount
- Przelewy24: 2.90 percent of the amount
- Qiwi: processing fee of 4.20 percent of the amount
With this selection of brokers can ensure easy transfers for people in many countries. The minimum deposit falls in AAAFx comparatively low and at a minimum sum of 300 US dollars in entering the trade is also possible for small investors.
4. Broker Bonus: 10 percent on the first deposit
The rebate conditions we have looked exactly in line with our experience with AAAFx. Who opens a new trading account with the broker receives a bonus on the done now. The maximum amount that can be paid, one is 3,000 euros. The bonus will be credited to the trading account after receipt and can not be exchanged easily. Those who want to pay off the amount, should meet certain requirements. In forex trading, it is necessary to act a certain number of lots and in trading binary options the bonus amount before cashing must be implemented 20 times.Who does not use its trading account more than 90 days, lose the right to the bonus amount.
5. Trading Platform: 3 platforms for 3 applications
In the course of our AAAFx experience has shown that the broker three different commercial applications has on offer, which are around the MetaTrader to the platform for binary options and to connect to Social Trading with ZuluTrade.
The MetaTrader 4 worldwide known and popular application that provides a wealth of opportunities for both beginners and advanced traders. With the MT4, a broker not go wrong and the fact that it is available for free, is a plus. The binary options platform is easy to use and clearly structured.
6. Mobile applications: Two Apps to choose from
In terms of mobile applications AAAFx can score. Here, find Apps for iPhone and Android devices, both for the binary options trading as well as forex and CFD trading. The applications persuade it through the clear display and intuitive operation. The apps are free and can be tested free in the demo version.
7. Additional features: Social Trading on ZuluTrade
For some time AAAFx cooperates with the Social Trading Provider ZuluTrade. The commercial way that offers ZuluTrade, is targeted primarily at novice investors who want to still trade profitably on the markets. Here users can copy the trading strategies of the so-called signal transmitter and reproduce in this way with little effort their capital.
Training courses and counselors are opposed not to find and of the webinars, market encyclopedias and other tutorials broker AAAFx far. Just the FAQ section is quite extensive and provides assistance in many cases.
8. Support: 24/7 service and friendly staff
A clear advantage there is that in AAAFx customer support is available seven days a week and around the clock. Here customers and prospects can connect both telephone contact or use the live chat. In a few seconds the connection is made to an employee and the contact is friendly and always ready to answer the questions raised.
Whoever calls on the other hand, may pay international fees, for a special number for Germany is not to be found. Also no German-language support is offered and the communication must willy-nilly in English take place.
9. Demo account: For each platform a trial
A clear advantage is the fact that in all three trading platforms a free and unlimited time demo account is available. To create a demo account no full registration is required and the testing is carried out at no risk. So it is possible to try all applications in peace or try out new trading strategies in advance. Enter e-mail address, name and phone number and begin to learn about.
10. Regulation: Rather unknown Authority
When asked whether or AAAFx fraud is serious, the regulation of the broker is critical in the first place and the question of whether there is a regulation at all. The Greek broker AAAFx is under the Greek regulator HCMC. Although it is a relatively unknown authority, this is a clear sign that AAAFx is serious, because like any European supervisory authority, is also subject HCMC the financial market policies of the European Union (MiFID). It can therefore be ruled out that the offer of AAAFx fraud, because the work of the broker is strictly regulated and controlled.
|Ab 0.3 Pips, EUR/USD: 0.4 Pips|
|Depending on the base currency|
|MetaTrader 4, ZuluTrade platform for binary options|
Deposit & Withdrawal Methods
|9 Methods: including credit card, bank transfer, Skrill|
|24/7 through email, telephone and live chat|
|For all trading platforms available for free|
Tradable financial products
|62 currency pairs as well as indices, oil, silver and gold|
|For Android and iOS, app binary options and app for Fx trading|
|About ZuluTrade possible|
|10% on first deposit up to 3,000 euros|