AAAFx Review

AAAFx Review | Real Review By a Forex Trader

Forex, Metals, Indices, Energies, Bonds & Cryptocurrencies

  • HCMC regulated ✔
  • Bitcoin deposit available
  • Cryptocurrency MT4 trading
  • ECN FX Spreads from 0.2
  • MT4 broker
  • 55+ products
ECN Trading • Cryptocurrency CFD MT4 trading • AAAFx

AAAFx Review

AAAFx is a regulated MT4 ECN Forex broker, offering trading in a range of markets. It does not have a large number of markets to trade, but it does provide a competitive number for an ECN broker.

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.

Copy and social trading

AAAFx and ZuluTrade are part of the same group, and ZuluTrade is fully integrated with AAAFx, providing social and copy trading.

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. Forex commissions for USD accounts are $10 or £6.5 per standard lot per side for retail clients. 'Per side' means that the charge is deducted at opening and close of trade. Commission for CFDs are $0.8 or £0.5 per contract traded.

What spreads are available at AAAFx ?

Typical spread are: 0.2 for EUR/USD and AUD/USD, 0.4 for GBP/USD, 0.6 for USD/CHF, 1.0 for UK100, 0.34 for Gold, 0.05 for US Oil, 110 for Bitcoin and 16 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.

What is the minimum deposit ?

The minimum deposit is $300, €250, ¥35,000, £200, CHF250, AUD370 AUD and BGN500.

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, Eurobank and Wirecard Bank), Skrill and Neteller, Giropay, EPS, DirectPay24/Sofortuberweisung, Teleingreso, 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.