Find All the Information You Need in Our AAAFx Review
AAAFX is a brokerage with offices in Greece and South Africa and that is regulated by their respective authorities. They pride themselves on a compelling package of accounts, instruments and trading platforms they can offer all clients.
Our AAAFx Review will answer all the questions you may have, so you can determine if you want to trust them with your money. Without further ado, let’s start.
Company | AAAFx |
Regulation | HCMC and FSCA |
Warning | N/A |
Website | aaafx.com |
Address | Athens, South Africa |
[email protected] | |
Phone | +(30) 213-0117-498
+(57) 1-3819344 |
Minimum Deposit | $100 |
Leverage | 1:500 |
Bonuses | Yes |
AAAFx Regulation and Fund Security
Every once in a while, from a sea of scammers, you encounter a legitimate broker, and it seems that’s the case we have here. AAAFx says on its website that they have two licenses, one in Greece and one in South Africa. And since we don’t take brokers for their word, we went and checked.
Both regulatory bodies say AAAFx is registered with them under the names and ID numbers the broker provided on its website. This way, we can definitively say AAAFx is 100% regulated.
With their licenses in check, this broker can guarantee you fund security, making them a viable option for traders. Moreover, as one of their offices is in Greece, they also fall under the jurisdiction of the European regulatory network, which gives them another layer of security.
Trading Software Overview
Unlike SpotyFX and Beurax, which offer only one trading platform, with AAAFx, you can trade on four! Those include:
- MetaTrader 4
- MetaTrader 5
- ActTrader
- ZuluTrade
These are all available for Windows and Mac PCs, Android and iOS phones and tablets, and you can also access them on the web. Each platform has many benefits, but we will focus on the most important ones.
All of them provide multiple timeframes, MT5 leading the pack with 21. Micro-lot trading, hedging and scalping and EAs/Indicators attachments also come with all four platforms. Only ZuluTrade does not give you price alerts, and MT5 is the most versatile when it comes to account report formats.
If we had to pick one from the group, we would go for MT5. Ever since it first came out, it has been crushing benchmarks and setting a standard all every other software seeks to obtain.
AAAFx Bonuses and Promotions
AAAFx also offers substantial bonuses to new clients. When you make an account and deposit, for example, $100, you will get another $100 from the broker for free.
They claim this free credit immediately appears on your balance, so you can start trading with it without delay. What’s more, the profits you make with this extra money are supposedly entirely yours to keep.
Furthermore, this broker has a referral program and both you and the person you get to sign up receive benefits.
For every person you get to join, you receive $25 until you get ten people. After that, it goes down to $20. You can then choose to stay on the Refer and Earn plan or switch to the IB program, which gives you even bigger rewards.
The people you refer receive the same Referral reward as you do, and they can then also enter the Refer and Earn program.
Account Types Available
AAAFx offers a total of four accounts:
- ECN – $100
- ECN Plus – $1,000
- ECN Zero – $50,000
- Islamic – $100
An encouraging sign for every trader is that these accounts have negative balance protection. And they are similar in many other ways as well. The main differences are in the minimum deposit and the commissions you must pay for each trading instrument.
At AAAFx, you can trade with the standard suite of instruments that covers forex, indices, commodities, stocks and cryptocurrencies. And if you want to try trading without consequences for your wallet for a while, they have a demo account option so you can trade risk-free.
Deposits and Withdrawals Procedure
As far as payment methods are concerned, this broker isn’t shortchanging you one bit. They accept Visa payments, wire transfers (for South Africa only), crypto and numerous other APMs and e-wallets.
On the other hand, when you want to withdraw your money, AAAFx says they do not charge you a fee. And you can use most of the transaction methods we mentioned above for the withdrawal.
How Is Fraud Carried Out?
We would not be objective if we didn’t tell you about the reviews AAAFx received. Although the reviews are overwhelmingly positive, there were negative ones as well.
People who left poor reviews complained mostly about their payment being delayed, fees and user experience. Some claim that the broker’s platforms crashed frequently and that server downtime was unacceptably long.
AAAFx does not shy away from reacting to bad reviews, so they addressed many of them. The most common answer for the reports about high fees is that people did not read the terms and conditions carefully, which might be true but be careful either way!
AAAFx Summary
You’ve come to the end of our unbiased AAAFx Review, where we saw the good and potentially bad sides of this broker. Although the positives outweigh the negatives, we would urge caution nonetheless.
And you can always contact us for more information about legitimate brokers. We are here to help you with everything!
FAQs About AAAFx Broker
How Secure is the AAAFx Trading Platform?
We would say it is very secure. AAAFx has two licenses, which boosts its credibility and our trust in its platforms.
Does AAAFx offer a Demo Account?
Yes. AAAFx offers a demo account where you can trade risk-free for a trial period.
Are Payouts Subject to Taxes at AAAFx?
The broker states that it does not apply fees for withdrawals. But we found some reviews that say otherwise, so be careful.