AAAFx Review

AAAFx Review | Real Review By a Forex Trader

Forex, Metals, Indices, Energies, Bonds & Cryptocurrencies

  • HCMC regulated ✔
  • Bitcoin deposit
  • MT4 Crypto trading
  • MT4 & ZTP platforms
  • 55+ markets to trade
  • ZuluTrade integration
ECN Trading • Cryptocurrency CFD MT4 Trading

AAAFx Review

AAAFx is a regulated MT4 ECN Forex broker, offering trading in a range of markets, which additionally provides the ZTP web trader. It does not have a large number of markets to trade, but it has a competitive number for an ECN broker. The social and copy trading platform ZuluTrade and the broker AAAFx are closely linked, and the trader can trade with AAAFx as their chosen broker on the ZuluTrade platform. However the trader can also trade with AAAFx without using copy trading, just using ZuluTrade's social trading features for example or can trade with AAAFx without using ZuluTrade if they wish, trading this broker's range of markets in an ECN trading environment on MT4 and ZTP.

Account types

There are two account types which are chosen upon sign-up. These are mutually exclusive, so if the trader wants the other one, they need to sign up again for it. The Classic Account links to ZuluTrade and can be used for copy trading and trading where the trader makes the trading decisions. The Profit Sharing Account is used to trade only through the ZuluTrade platform. There is a reduced commission charge but additionally a Performance Fee of 20% (T&Cs apply) for this account, which is applied for an amount above what is termed the High Water Mark (HWM).

What is the minimum deposit ?

The minimum deposit is $300, €250, ¥35,000, £200, CHF250 and AUD370.

Key features of AAAFx

  • AAAFx offers ECN trading.
  • AAAFx provides the MT4 platform as well as ZTP. ZTP is a web trader.
  • As an ECN broker, AAAFx can offer very low spreads, plus a commission charge.
  • AAAFx offers Cryptocurrency CFD trading, with 5 Cryptos available. In Cryptocurrency CFD trading the trader does not own the cryptocurrency, rather speculates on its price movement. As they do not own it, no wallet is needed and the trader can go long or short. Cryptocurrencies can be extremely volatile.
  • AAAFx integrates with social and copy trading platform ZuluTrade.

Online trading platforms

AAAFx offers Metatrader 4 (MT4). As an ECN broker it provides an environment for traders who wish to use MT4's automated trading features (EAs). It also offers ZTP. This is a web trader designed for the trader who executes their own trades but also offers trading with robots via ZuluScripts.

Bitcoin deposits

Traders can deposit directly to their trading account using the Cryptocurrency Bitcoin (BTC), via the trader's Bitcoin wallet.

AAAFx International

This review is of AAAFx, which is regulated within the EEA. However there is additionally AAAFx International, which is based in St Vincent and the Grenadines (residents of the EEA cannot sign up for AAAFx International). These brokers have similar features, but also differences such as maximum leverage (which is 500:1 for AAAFx International vs for AAAFx). AAAFx International.

Automated trading with robots

Traders can trade with Expert Advisors on MT4. Additionally traders may trade with robots on the ZTP web trader using ZuluScripts. On both platforms, traders can build their own online trading robots.

Copy and social trading

ZuluTrade is a dedicated social and copy trading platform. Social trading adds commentary from and about other traders, thus allowing the trader to inform their trading with the views and actions of other traders and to add their own views and actions to a feed. Copy trading is a type of trading automation where the trader picks a trader whose trades are then copied into their account. ZuluTrade ranks traders on the network.

To use ZuluTrade, the trader connects a broker account to the ZuluTrade platform. AAAFx and ZuluTrade are part of the same group, and ZuluTrade is fully integrated with AAAFx, providing social and copy trading. ZuluTrade is free for AAAFx clients, while traders using other brokers add up to an extra 2.5 pips to the spread. When signing up to AAAFx, if ZuluTrade is selected as an option it will automatically be linked to ZuluTrade when the account is opened.

What is the commission charge ?

This is a charge in addition to the spread. It varies depending on the type of market being traded, but it is fixed. For the Classic Account, Forex commissions for USD accounts are $10 per standard lot per side for retail clients. For the Profit Sharing Account, Forex commission charges are $7.5 per lot per side. 'Per side' means that the charge is deducted at opening and close of trade. Commission for CFDs are $0.8 per contract traded.

What spreads are available at AAAFx ?

Typical spreads are: 0.3 for EUR/USD, 0.4 for AUD/USD, 0.7 for GBP/USD, 0.6 for USD/CHF, 1.0 for UK100, 0.34 for Gold, 0.035 for US Oil, 39 for Bitcoin and 5.4 for Ripple. The fixed commission charge is added to this spread. It can be seen that, as might be expected from an ECN broker, the raw Forex spreads can be very low and tight.

Cryptocurrency CFDs

AAAFx provides Cryptocurrency CFD trading in Bitcoin (BTC/USD), Ethereum (ETH/USD), Litecoin (LTC/USD), Bitcoin Cash (BCH/USD) and Ripple (XRP/USD). AAAFx.

What is the full range of markets available at AAAFx ?

The full range is Forex, Indices, Energy, Metals, Bonds and Cryptocurrencies, for a total of 55+. This is a relatively broad range for an ECN broker. There are 35+ Forex pairs.

What leverage is available ?

Leverage varies depending on the market. Leverage is from 1:2 for Cryptocurrencies to for Forex, for retail clients.

How may the trader deposit into their account ?

Deposit methods include Bitcoin, credit cards, China UnionPay, Bank Wire (Swissquote and Eurobank), Skrill and Neteller, Giropay, EPS, DirectPay24/Sofortuberweisung, iDeal, Przelewy24 and QIWI. Bitcoin deposits typically take up to 30 minutes, but network congestion can increase this to a matter of hours, however it is one of the quickest methods to deposit at AAAFx, apart from credit cards, China UnionPay and Neteller.

What currencies are accounts available in ?

Accounts are available in US Dollar, Euro, Japanese Yen, Australian Dollar, Pound Sterling, Swiss Francs and Bulgarian Lev.

Is AAAFx regulated ?

AAAFx is regulated by the Hellenic Capital Markets Commission (HCMC) in Greece, with id: 2/540/17.2.2010.

Why might a trader choose to trade with AAAFx ?

Firstly, because it offers ECN trading. Next because it has a relatively wide range of markets and offers a solid selection of Cryptocurrency CFDs to trade. Finally because it offers MT4 and a web trader and integrates with ZuluTrade's social and copy trading features. Thus AAAFx supports trading where the trader executes their own trades, social trading where the trader can inform their trading with the views of others, copy trading where the traders may choose a trader to copy their trades, and trading with online trading robots, which execute trades on behalf of the trader.

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