Compare AAAFx with FXOpen

Compare AAAFx vs FXOpen

AAAFx versus FXOpen
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$300MT4, ZTP55+HCMC
$300MT465+FCA, ASIC, FSRC

AAAFx and FXOpen Comparison

These are both ECN brokers which provide a range of markets to trade CFDs, including Cryptocurrencies. Each offers MT4, while AAAFx also provides the ZTP web trader platform.

Both can offer low Forex spreads plus a commission charge. FXOpen can also provide STP trading, with higher spreads and no commission charge. AAAFx is regulated by the HCMC in Greece. FXOpen is regulated by the FCA in the United Kingdom, the ASIC in Australia and ther FSRC in Nevis.

ECN conditions

Like FXOpen, AAAFx offers ECN trading, with commissions charged for markets offered. FXOpen also provides STP trading, with no commission charge. AAAFx does have the option to trade without a commission charge (and higher spreads), but this is offered on request.

Quick comparison

Both are MT4 ECN brokers. AAAFx also offers the ZTP web trader.

Minimum deposit and account types

The minimum deposit for AAAFx is $300 or €250 or £200 or ¥35,000 or AU$370. The minimum deposit for FXOpen is €/$300 or £200.

  • AAAFx offers CFD trading. AAAFx provides an Islamic account. For deposits higher than $100,000, AAAFx offers Institutional accounts, which have lower commission charges.
  • FXOpen offers three accounts types, ECN, STP and Crypto. The ECN account charges commissions on its markets, the STP does not charge commissions. The ECN account has a wider range of market available. The Crypto account is an STP account which additionally offers a range of Cryptocurrencies (which have a commission charge). The minimum trade size is 0.01 lots. Market news and analysis are available via RSS and an economic calendar is provided on FXOpen's website.

Markets

  • AAAFx offers Forex pairs, Indices, Energy, Cryptocurrencies, Metals and Bonds, with 55+ available.
  • On the ECN account, FXOpen offers Forex, Indices, Energy and Precious Metals, with 65+ available.
  • On the STP account, FXOpen offers Forex and Precious Metals, for a total of 50+.
  • On the Crypto account, FXOpen offers Forex, Cryptocurrencies and Precious Metals, for a total of 55+.

AAAFx provides 35+ Forex pairs, FXOpen offers 45+ Forex pairs.

Cryptocurrency CFDs

  • AAAFx offers Bitcoin, Ethereum, Litecoin, Bitcoin Cash and Ripple.
  • FXOpen offers Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, NEO, OMNI, Monero, IOTA, EOS, Ethereum Classic, DASH, Namecoin, Peercoin and Emercoin.

Spreads and leverage

  • Spreads at AAAFx are variable and are from 0.2 for EUR/USD, 1 for UK100, 0.34 for Gold and 0.05 for US Oil.
  • Spreads at FXOpen are variable and are from 0.0 for EUR/USD, 0.0 for UK 100, 0.0 for Gold and 0.0 for US Crude Oil (all plus commission). The STP account has higher spreads.

Maximum leverage for AAAFx is . Maximum leverage for FXOpen (FCA regulated) is .

Commissions

  • AAAFx charges a commission of $10 per lot per side for Forex and $8 for CFDs. It is possible to request no commissions trading, with a resulting increase in spreads. The Institutional account charges commissions of $3 per lot per side for transaction where USD is the currency base.
  • For Forex, FXOpen charges a commission, which depends on volume traded, from $1.5 - $5 per standard lot per side. Other instruments have differing commission charges.

Platforms

AAAFx provides MT4 desktop, MT4 apps and a web trader ZTP. FXOpen offers MT4 desktop, MT4 apps and an MT4 web trader.

Comparison summary

  • Both offer ECN trading
  • FXOpen provides an STP account with no commission charge (and higher spreads)
  • Both offer MT4
  • AAAFx also provides the ZTP web trader

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