AAAFx Review – Is AAAFx a scam or legit broker?

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What is AAAFx?

AAAFx is one of the most popular ECN forex brokers in the world.

This company is one of the fastest growing in the forex market in recent years. Which has come along with building a good reputation as one of the best brokers on the market.

AAAFx was founded in 2008 and is a Greek broker, and therefore, under the umbrella of European Union regulation, in full compliance with MiFID legislation .

Perhaps the main feature of this broker is that it is the parent company of the successful social trading program ZuluTrade , which is one of the main social trading platforms in the world.

 

AAAfx customer service

This is a fully international broker, which provides customer service in Spanish 24 hours a day, seven days a week.

This broker has integrated Spanish customer service.

Invest in the world’s leading social trading platform

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We can contact you by:

  • Chat on the web
  • email: support@aaafx.com
  • phone: 20-34112034

AAAfx open account

Opening an account with AAAfx is quite simple as we will only have to enter our personal data and wait for the confirmation email to be sent to us.

Once we confirm we can enter the broker’s platform and to validate our account and proceed with tading we can do it after sending copies of our proof of residence documents (invoices or bank statements) and identity (DNI, driving license or passport) .

The minimum deposit to open an account is 250 EUR or 300 USD.

Deposits may be via transfer, by card, Skrill, giropay, tele-entry and EPS, Sofort, Przelewy24 and Qiwi. Consult the processing costs on the AAAFx website.

AAAfx Metatrader 4

The platforms are the famous MetaTrader 4, and ZuluTrade’s own platforms for those who prefer them in their career as a trader or investor in that service.

AAAFx offers trading in forex, index CFDs, metals, commodities and bonds. It also has a binary options division, which can also be operated socially on the ZuluTrade platform.

The forex conditions are among the best in the market, with some of the cheapest currency spreads of all currency brokers .

Leverage at AAAFx

The maximum leverage will be 30: 1, after the introduction of ESMA regulations in Europe, as this is a broker resident in the European Union.

productsNew leverage
Main Forex pairs30: 1 or 3.33% margin
Main indices, gold and minor Forex pairs20: 1 or 5% margin
Lower indices, commodities and exotic Forex pairs10: 1 or 10% margin
Actions5: 1 or 20% margin
Cryptocurrencies2: 1 or 50% margin

AAAFx offers the possibility of opening a demo account before starting a real one. This is highly recommended to see how the service works. This also applies to ZuluTrade, its autotrading service.

AAAfx spreads and commissions

The fees charged on ZuluTrade accounts will depend on whether the accounts are individual or institutional.

In the first case, it will be 10 USD (or equivalent) for a batch of 100,000 units. In the case of institutional ones, it will be 3 USD.

Discover which are the best brokers on the market

Typical AAAFx spreads are as follows :

  • EUSUSD: 0.2 pips
  • USDJPY: 0.3 pips
  • GBPUSD: 0.4 pips
  • USDCHF: 0.6 pips
  • AUDUSD: 0.8 pips
  • USDCAD: 0.6 pips
  • NZDUSD: 0.6 pips
  • EURJPY: 0.7
  • GBPJPY: 0.9

AAAFx overview

  • Country: Greece
  • Regulation: MiFID
  • Markets: Forex, Metal CFDs, Indices, Commodities and Bonds. Binary options.
  • Minimum deposit: EUR 250, USD 300
  • Deposit methods: Card, transfer, Skrill.
  • Platform: Metatrader 4 , ZuluTrade, Web for binary options.
  • Spreads: EURUSD 0.2, USDJPY 0.3, GBPUSD 0.4
  • Commissions: $ 10 per lot for individual accounts. 3 for institutional.
  • No maintenance fee.
  • Automated trading possibility with ZuluTrade and MT4.
  • Social trading integration with ZuluTrade. Possibility of earning money by being copied by other traders.

AAAFx reviews

This is a very popular broker in much of Europe, Africa and Asia, highlighting being the main broker in the Zulutrade program.

About it we can find numerous opinions in Spanish forums such as Rankia or in prestigious international sites such as forexfactory.

Undoubtedly AAAFx’s strong point is the possibility of integration with the ZuluTrade system where talented traders can offer their system and be copied by a large number of investors and other traders willing to follow those with the best strategies.

This can be good, both for those who want to offer their signals, and for those who want to copy the best ones.

In addition, there is the possibility of making enough money for traders who prove to be more talented, as they can eventually get thousands of followers and millions of euros copying their strategies, which can translate into quite large profits.

Best of all, you can sign up for the service with a demo account to see how it works, and even offer signals with that demo account.

Visit AAAFX for more information

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