AAAFx review
About the broker
AAAFx is a brokerage company with over a decade of history in financial markets. The company's headquarters is located in Greece and it is regulated by the Hellenic Capital Market Commission (HCMC) and the Financial Sector Conduct Authority (FSCA) in South Africa. The broker offers a wide range of trading instruments and services that can appeal to both beginners and advanced traders.
Broker Type and Offered Instruments
AAAFx is an ECN broker, which means it provides direct access to the interbank market. This type of broker is known for its lower spreads and faster trade execution. The company is regulated by the HCMC in Greece and the FSCA in South Africa, ensuring that it adheres to strict financial supervision standards and client fund security.It accepts clients from all over the world except for a few countries such as the USA, UK, Venezuela, Yemen, Zimbabwe, Sri Lanka, Somalia, Sudan, Syria, India, and France. The broker offers a wide range of trading instruments, including Forex, stock CFDs, commodity CFDs, cryptocurrency CFDs, and index CFDs. This diversity allows traders to diversify their portfolios.
Platforms and Account Types
AAAFx supports the popular MetaTrader 4 and MetaTrader 5 platforms, as well as ActTrader. The platforms are available for both desktop and mobile devices on iOS and Android. Clients can make deposits and withdrawals using bank cards, bank transfers, e-wallets, cryptocurrencies, and other alternative payment methods. However, withdrawals are limited to bank transfers and are subject to fees.
The broker offers several types of accounts. The ECN account with a minimum deposit of $50 and a commission of $2.5 per 100k with spreads starting from 0.0 pips. The ECN Plus account with a minimum deposit of $1000 and a commission of $1.5 per 100k with spreads starting from 0.0 pips. The ECN Zero account with a minimum deposit of $50,000, no commission, and spreads starting from 0.0 pips. The Islamic account with a minimum deposit of $100, a commission of $2.5 per 100k, spreads starting from 1.8 pips, and no swap fees.
Conclusion
The main advantages of AAAFx are its wide range of trading instruments and platforms, high level of regulation and security, low spreads, and fast trade execution. Additionally, it supports social trading through Zulutrade and provides quality customer support in English.
The disadvantages are relatively high spreads on some account types, limited withdrawal options (only bank transfers), fees for deposits and withdrawals, and a lack of multilingual customer support.
Risk warning CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
| Basic information | |
|---|---|
| Regulations |
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| Number of CFD asset classes | 6 |
| Customer support |
|
| Deposit from | 300 EUR/USD |
| Spreads | 0.5 EUR/USD * Spread is dated 02.01.2024 12:00, spread amount is subject to change. |
| Real Stocks and ETFs | |
| Platforms |
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| Instruments CFD | Commodities, Share CFDs, Forex, ETF, Cryptocurrency traded as CFD, Indicies |
| Established | 2008 |
| Location | AAAFx Global: 309B Orion Drive Waterkloof Ridge, Pretoria Gauteng 0181, South Africa |
| Phone | +(30) 213-0117-498 |
| Country | South Africa |
The review is current as of .
About the broker
AAAFx is a brokerage company with over a decade of history in financial markets. The company's headquarters is located in Greece and it is regulated by the Hellenic Capital Market Commission (HCMC) and the Financial Sector Conduct Authority (FSCA) in South Africa. The broker offers a wide range of trading instruments and services that can appeal to both beginners and advanced traders.
Broker Type and Offered Instruments
AAAFx is an ECN broker, which means it provides direct access to the interbank market. This type of broker is known for its lower spreads and faster trade execution. The company is regulated by the HCMC in Greece and the FSCA in South Africa, ensuring that it adheres to strict financial supervision standards and client fund security.It accepts clients from all over the world except for a few countries such as the USA, UK, Venezuela, Yemen, Zimbabwe, Sri Lanka, Somalia, Sudan, Syria, India, and France. The broker offers a wide range of trading instruments, including Forex, stock CFDs, commodity CFDs, cryptocurrency CFDs, and index CFDs. This diversity allows traders to diversify their portfolios.
Platforms and Account Types
AAAFx supports the popular MetaTrader 4 and MetaTrader 5 platforms, as well as ActTrader. The platforms are available for both desktop and mobile devices on iOS and Android. Clients can make deposits and withdrawals using bank cards, bank transfers, e-wallets, cryptocurrencies, and other alternative payment methods. However, withdrawals are limited to bank transfers and are subject to fees.
The broker offers several types of accounts. The ECN account with a minimum deposit of $50 and a commission of $2.5 per 100k with spreads starting from 0.0 pips. The ECN Plus account with a minimum deposit of $1000 and a commission of $1.5 per 100k with spreads starting from 0.0 pips. The ECN Zero account with a minimum deposit of $50,000, no commission, and spreads starting from 0.0 pips. The Islamic account with a minimum deposit of $100, a commission of $2.5 per 100k, spreads starting from 1.8 pips, and no swap fees.
Conclusion
The main advantages of AAAFx are its wide range of trading instruments and platforms, high level of regulation and security, low spreads, and fast trade execution. Additionally, it supports social trading through Zulutrade and provides quality customer support in English.
The disadvantages are relatively high spreads on some account types, limited withdrawal options (only bank transfers), fees for deposits and withdrawals, and a lack of multilingual customer support.
| Basic information | |
|---|---|
| Regulations |
|
| Number of CFD asset classes | 6 |
| Customer support |
|
| Deposit from | 300 EUR/USD |
| Spreads | 0.5 EUR/USD * Spread is dated 02.01.2024 12:00, spread amount is subject to change. |
| Real Stocks and ETFs | |
| Platforms |
|
| Instruments CFD | Commodities, Share CFDs, Forex, ETF, Cryptocurrency traded as CFD, Indicies |
| Established | 2008 |
| Location | AAAFx Global: 309B Orion Drive Waterkloof Ridge, Pretoria Gauteng 0181, South Africa |
| Phone | +(30) 213-0117-498 |
| Country | South Africa |
Pros
- Zero Commission Trading: Trading without fees allows traders to maximize their profits.
- 16+ Years of Experience: More than 16 years of experience in the industry brings a wealth of knowledge to clients.
- Institutional Liquidity: Ensures smooth order execution with minimal slippage.
- Wide Range of Trading Instruments: Offers various trading instruments, including Forex, stock CFDs, commodity CFDs, cryptocurrency CFDs, and index CFDs.
- Multiple Account Types: Provides different account types to meet the needs of traders.
- Multilingual Customer Support: Responsive support in multiple languages effectively helps a global clientele.
- Low Minimum Deposit: A minimum deposit of $50 makes the platform accessible to both beginners and experienced traders.
- Educational Tools: Offers a range of educational tools to improve trading skills.
- Fund Security: Maintaining segregated client funds increases the protection of traders' deposits.
- Fast Withdrawals: AAAFx focuses on ultra-fast withdrawals.
Cons
- No Mobile App: The absence of a mobile app may be a disadvantage for some traders, although it offers MT4 and MT5 platforms.
- Limited Regions: Does not accept traders from the USA, UK, Venezuela, Yemen, Zimbabwe, Sri Lanka, Somalia, Sudan, Syrian Arab Republic, India, and France.
- No Email and Mobile Alerts: Lack of email and mobile alert functions may limit some traders' ability to monitor markets.
- Swap/Rollover Fees: The presence of swap/rollover fees may increase trading costs for some traders.
Licences and regulation
Broker AAAFx is regulated by several financial authorities. Below are the details of the regulations:
- Triple A Experts Investment Services Single Member SA is EU authorized and regulated by the Hellenic Capital Market Commission (id:2/540/17.2.2010) with registered address at Triple A Experts Investment Services S.A., 14 Akti Kondyli street, 18545 Piraeus, Greece.
- Sikhula Venture Capital (Pty) Ltd. is authorized and regulated by the South African Financial Sector Conduct Authority (FSCA No. 2017/315029/07).
