AAAFx Review 2023 Information about AAAFx Forex Broker

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You can then choose if you wish to follow the trades of the signal provider. I like how they also give you the opportunity to use advanced risk management features like ‘Margin-Call-O-Meter’ and ‘ZuluGuard’ to help limit risks. If you choose to broadcast your signals for copying, you can benefit from a performance fee depending on how successful your trading signals are. Just keep in mind that there is no guarantee on performance of the signals and past performance is by no means any guarantee of future results. This broker does not offer good educational material, no peer-to-peer trading, and no spot trading.

Clients with this account type can manage their own account and benefit from advanced risk management features. With no need for any downloads, this auto-trading platform allows for a simple trading experience and is compatible with all of AAAFX’s trading platforms. AAAFx has some standaout characteristics as a CFD provider.

That’s not the only drawback of using this broker. They don’t offer Peer-to-Peer trading and they don’t offer spot trading. However, they have negative balance protection which is quite important nowadays. As stated before in this AAAFx review, the broker lets you trade on the go. However you can’t do so quickly if information isn’t really available on the platform. European traders can only get a leverage ratio of 1 to 30.

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Offering seamless integration, orders can be placed through handheld devices, deposits can be made and personal documents can be uploaded with ease. The trading environment has been specially designed for mobile usage and allows for full integration with ZuluTrade as well as live chat facilities in 10 different languages. The MT4 app for mobiles is compatible with both Android and iOS devices and offers 30 technical indicators, high performance charts, access to trading history and financial market news.

Broker Types

If you wish to make a withdrawal request, you will need to log in your account, fill in the bank details and then go to the Funds Tab to request withdrawal. This is the only company that has a 9 point spread on the French cac. How can money not be credited to account after so many days? The timeline written on your website states 1 day to process the funds. Chat with the customer service several times and all they could do is ask me to wait. This is not a true ecn broker, they are constantly manipulating prices on their platform and tend to cause artificial slippage when opening positions + artificial spread widening.

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AAAFx has a few euros that can’t be withdrawn because the fee is higher, and refuse to close my account as it is because of the positive balance. And of course, it’s zulutrade site is also a scam which literally is a gambling site that lures innocent investors. Withdrawals are quick and easy to action via the website and withdrawals are paid out through the same method as the deposit was made and are generally processed within one working day.

The withdrawal is unavailable

If you’re trading the GBPUSD dollar the spread is 0.7 pips. The fees depend on the type of account that you have with them. They have three different ECN accounts plus an Islamic account. So, for example, you’ll need to do deposits by using the company’s bank account or credit card. If you want to open an institutional account you’ll need to make a deposit of at least $100,000. In this AAAFx review, you’ve learned that the broker has several platforms.

All of these https://trading-market.org/s allow the use of EA robots (i.e. automated trading). ActTrader can be seen as a user friendly plafrom which also allows EAs. Then you have the ActTrader which has an excellent selection of trading tools for conducting in-depth market analysis. Overall, AAAFx is an established online trading brokerage with many years of experience and a large customer base. The broker is regulated, with eligible client funds segregated and insured. Over 500 assets are available for trading including CFDs on forex currencies, cryptos, stocks, commodities and indices.

What types of accounts does AAAFx offer?

Sign up for ForexMart via desktop, mobile or tablet now to start trading with a reliable and competent broker. You can do this in a few minutes, but note that you will need to verify your account before starting to trade. You can do this by providing the broker with proof of identity, such as a passport or other identification document. ForexMart.com offers you the choice of several different payment methods, including bank transfer, Visa, MasterCard, Skrill, Neteller, PayCo, fasaPay, Qiwi, Union Pay and AliPay.

You get access to tight spreads, deep liquidity, quick execution speeds and competitive fees. The mobile version of the MT4 trading platform can be downloaded and installed on iOS and Android devices. The MT4 app integrates seamlessly with all of your accounts in real-time. I like how you can open trades on the desktop platform and then monitor, adjust or close them from the app. The app has a limited selection of tools for market analysis using 3 chart styles displayable on 9 timeframes, 30 indicators, and 24 analytical tools.

Leverage

Segregated funds, negative balance protections and many other measure guarantee a full-fledged funds guard. The company perfectly describes how particularly it ensures a comprehensive safety of funds. I always worry about that, and it’s mandatory for me to be convinced of money’s safety. Usually it’s exotic pairs which have smaller leverage. And also other asset classes like commodities and shares.

This is a valid question that you definitely want an answer to before investing with them. In order to answer this question, we have subjected this broker to a thorough and independent review. AAAFx is a total scammer, he has scammed me almost 3 thousand dollars and now he has one way cut off all channels of contact between me and this company. There is $8000 or so left in my account, while it was scammed by the platform.Hope you select the platform wisely.

I moved to Visa Card withdrawals because they are processed instantly and I can have funds credited to my bank account by midnight the same day. Seamless withdrawals make any trader happy, although I had to make a deposit via Visa card inorder for me to start making Visa card withdrawals. There are many common trading features like spreads, leverage, deposit bonus and negative balance protection. AAAFx is a brokerage company that was founded in 2008 and is located in Saint Vincent and Grenadines. They offer one of the tighest spreads, so it is comfortable for every trader such as scalpers, intraday traders and long-term investors.

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Between 74-89% of retail investor accounts lose money when trading CFDs with this provider. The data contained in this website may not be real-time and accurate. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. They have lower spreads on exotic usdzar pairs compared to other brokers. Aaafx is a standart ecn broker like many others.

There is also the web version of the platform which can run directly in your browser without needing to download or install any software. I like to use the desktop platform for running my automated systems and conducting complex chart analysis. The mobile app is ideal for checking and managing my positions when I am not at my computer. It can be a great way to see what is happening around the markets whenever you feel like it.

Forex Broker Bonuses

Since the interfaces are connected you can easily do all the trading with your AAAFx account. You won’t have to spend time installing ZuluTrade. As soon as you open your AAAFx account, you can start looking at what other traders are doing.

You can trade crude oil, gold and natural gas, among others. So, you can trade all the popular options such as Bitcoin and Ethereum, as well as new cryptos. Fortunately for traders, AAAFx offers over 30 Forex pairs for currency trading. This AAAFx review will explain more about how global traders can benefit.

This means that your trades go straight through to the market without any broker interference. I find that NDD brokers deliver superior pricing and have minimal slippage. This can be especially important of you are day trading, scalping and automated trading. In this instance, even the smallest price fluctuations can have a big impact on your performance. We offer in-house live customer support-trading desk 24 hours/ 7 days a week, in 15 languages.

However, before you can withdraw money from your account, you must be verified. The withdrawal options are similar to those for deposits. So, you can do wire transfers via FairPay, PayRetailers and other providers.

Broker to Trading

In fact, even if you’ve forex broker reviewsd Forex before, it’s usually best to try their demo account before trading with real capital. This allows you to become accustomed to the platform. Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital. It is known that it has been in business since at least 2013, and it’s most likely an Asian firm – having won a prize for Asian companies that year.

AAAFx cannot use your deposits for its own operations under any circumstances. Your funds are further protected by the insurance provided by the Greek Guarantee Fund which is financed by the Athens Exchange members and supervised by the HCMC. So, if AAAFx goes bankrupt, the Greek Guarantee Fund can pay you a compensation up to a maximum of €30,000. I do however recommend going through the terms and conditions since they’re very specific on who can be eligible for this compensation. I like that they operate as an ECN broker using the Non-Dealing Desk brokerage model.

minimum deposit

AAAFx follows the guidelines of the MiFID and keeps clients’ funds in a separate account. This means that the broker cannot use this money for other purposes. Should the broker go bankrupt, the clients are protected by the Greek Guarantee Fund. The maximum compensation amount is €30,000 per customer.

  • Since you don’t use real money, a demo account ensures that you can try out strategies risk-free.
  • European traders can only get a leverage ratio of 1 to 30.
  • As explained in this AAAFx review, you can use your bank card to get the bonus.
  • This enables the broker to operate within the EU region.

Ethereum is the second-largest cryptocurrency after Bitcoin and allows developers to create smart contracts on a platform. Bitcoin is the digital currency with the largest market capitalization and price levels and dominates 50% of the total crypto market cap. Forex trading, or currency or FX trading, involves the currency exchange market where individuals, companies, and financial institutions exchange currencies for one another at floating rates.

The MetaTrader 4 platform also offers automated trading where traders can create and test automated trading strategies by using the MetaEditor, Strategy Tester, and Compiler tools. MetaTrader 4 is an independent trading platform and one of the most advanced and easy platforms to use. Their bank wire withdrawals are processed within working days. It would be preferable if it was 1 working day like what other brokers offer but this broker offers fast order executions .

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