aaaFX Review

MIN. DEPOSIT $300
Up to 500:1
Up to $3,000 BONUS
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aaaFX
Up to $3,000
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Overview

  Company Information AAAFx was found in 2008 with its headquarters located in Athens, Greene. The broker was quite successful over the years and nowadays it serves thousands of clients… more

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Details

Broker aaaFX
Website URL https://www.aaafx.com/
Founded 2008
Headquarters Athens, Greece
Support Number (+30) 213-0176-380
Support Email support@aaafx.com
Support Types Phone, E-mail
Languages English, Greek, Spanish, Hebrew, Russian, Italian, German, Arabic, Korean, Chinese, French, Bulgarian, Portuguese
Minimum 1st Deposit $300
Minimum Trade Amount 0.01 lots
Bonus Up to $3,000
Payout Up to 500:1
Free Demo Account Yes
Regulated Yes
Regulation MiFID
Account Types Individual, Corporate
Deposit Methods Visa, MasterCard, Wire Transfer, Giropay, iDeal, Skrill, Sofort, EPS, Teleingreso, Przelewy24, Qiwi, Neteller
Withdrawal Methods Visa, MasterCard, Wire Transfer, Giropay, iDeal, Skrill, Sofort, EPS, Teleingreso, Przelewy24, Qiwi, Neteller
Types of Assets Forex, Metals, CFDs
Account Currency USD, JPY, AUD, BGN, CHF, EUR, GBP
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes

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Company Information

AAAFx was found in 2008 with its headquarters located in Athens, Greene. The broker was quite successful over the years and nowadays it serves thousands of clients in more than 176 countries worldwide. Unfortunately for US citizens, the country is restricted to trade with AAAFx. The last two years were extremely profitable for the brokerage company, and AAAFx currently employs over 80 employees. The broker is regulated by the European authorities and can be verified by its registration number – 2/54/17.2.2010. It also abides by MiFID regulatory protocol, which is the primary system of laws that apply to European brokerage companies. As a globally recognized institution and one of the well-known companies in Europe, AAAFx is undoubtedly an excellent choice for many clients worldwide. The brand is associated with the high class of services, excellent customer care and the attractive trading environment. The European company also provides extensive education opportunities for the beginners on the financial markets, which includes video training sessions, market analysis, introduction to social trading, a glossary of the most concrete terms explained and many other helpful guidelines. Another remarkable feature, which distinguishes AAAFx from the others, is the partnership with Zulutrade. The social trading platform is perfectly integrated with the broker to provide hassle-free trading experience for the customers.

 

Trading Information

Those who decide to trade with AAAFx will enjoy an excellent selection of financial instruments. The major currency pairs are available as well as some of the exotic ones. The spreads are relatively tight compared to many other brokerage companies out there. In fact, the AAAFx is quite honest about it and even provides the institutional spread so that the customer can see the real difference between the offerings. The usual amount, which the Greek broker charges is one pip. The clients can also trade with binary options, which is a separate service offered by the broker. Apart of these, there are various commodities, indices and stocks available to the investors. Traders can register two different accounts based on what they want to trade. For example, those who prefer to trade via social signals and automatic order execution can take advantage of the Zulutrade account type. Otherwise, you should register for the standard trading profile, which has access to all the proposed financial instruments. The maximum leverage is set to 500:1 with a minimum lot size of 0.01.

 

Trading Platforms

AAAFx supports the famous trading platform known as MetaTrader 4. The software is perfectly designed to satisfy the need for accurate trading and an extensive arsenal of tools, indicators, and other helpful instruments. Those who have experience in the financial markets are familiar with MT4 and know that this is probably the best choice out there when it comes to trading.

 

The other exciting option is the Zulutrade auto trading platform, which is one of the newest strategies in the industry. The software is based on social trading and copies the trades of the top performers in the community.

 

At last but not least is the mobile platform, which is the mobile version of MT 4. It’s easily installable on both iPhones and Android smartphones and tablets, so traders who are always on the move will always be in touch with their trading activity.

 

Security and Customer Services

Like most other online brokers in the branch, security is also one of the most important aspects for AAAFx. The company employs SSL encryption throughout their whole website and ensures that all the data is well protected. The certification of the secure layer is provided by GoDaddy. We’ve already mentioned above that AAAFx is regulated broker from Greece as the country is part of the European Union and abides by its laws.

 

When it comes to customer services, the broker is very responsive, and the staff is quite proficient in handling even critical situations. The support department can be reached out via email, live chat and phone number. The online contacts are usually up 24/7 unlike the phone support, which is available during the working week.

 

Deposits and Withdraws

Money transactions are accepted via some of the most popular payment methods that you can easily review in the table. The available currencies are also located there. Deposits use certain limits employed by AAAFx. For example, the minimum transaction amount for most of the payment options is set to $300. However, bank wire transfers are not processed, if the sum goes below $2000. There is also a maximum value, which is set to $2000 per transaction and $4000 per month (only applies to credit cards).

 

Withdraws, on the other hand, do not use any limitations. However, most requests are processed slowly due to various identity checks and confirmations. The first withdraw is exceptionally slow. Again traders can claim their money via the method used for the initial deposit, and the beneficiary should be the same as the one stated in the trading account.

 

Deposit Bonus and Loyalty Programs

AAAFx offers an incredible deposit bonus for both their new and existing clients. The promotion is inspired by the broker’s 5th birthday at the time of this review writing. But let’s learn more about the bonus.

 

Customers can win up to 30% extra funding on their accounts. For deposits lower than $500, the bonus is set to 10%; from $500 to $3000 – 20% and funding over $3000 receive 30% of bonus money. The bonus amount itself cannot exceed $3000. Take note that existing clients won’t get a bonus for deposits below $500. The bonus money is subject to some rollover requirements. They must be traded at least 40 times before any withdrawal. In addition to this general rule, some of the currencies do not contribute fully to the bonus. More details are available on AAAFx’s website.

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