AAAFx at a glance
| Broker’s name | AAAFx |
 Headquarters |
Athens, Greece |
 Year founded |
2007 |
 Regulating authorities |
HCMC, FSCA |
 Total pairs |
500+ |
 Demo account |
Yes |
 Islamic account (swap-free) |
Yes – only for global clients |
 Institutional accounts |
Yes |
 Managed accounts |
Yes – only for global clients |
 Maximum leverage |
1:30 for traders under the EU entity, 1:500 for traders under the Non – EU entity |
 Minimum deposit |
$100 |
 Deposit options |
Cryptocurrency (match2pay (eth, btc and usdt)), Bank wire (FNB, KoraPay (through Praxis), Help2Pay, FairPay, PayRetailers); Bank cards (debit/credit card) and E-wallet (FairPay, VirtualPay, Skrill, Neteller) |
 Withdrawal options |
Cryptocurrency (match2pay (eth, btc and usdt)), Bank wire (FNB, KoraPay (through Praxis), Help2Pay, FairPay, PayRetailers); Bank cards (debit/credit card) and E-wallet (FairPay, VirtualPay, Skrill, Neteller) |
| Platform(s) provided |
MT4, MT5, ActTrader |
 OS compatibility |
iPhones, iPads, Multi-Terminal, and all Android devices. |
 Tradable assets offered |
Forex, Indices, Commodities, Stock CFDs and Cryptocurrencies |
 Languages supported on the website |
English |
| Customer support languages |
English |
 Customer service hours |
24/5 |
Overview
AAAFx, a Finvasia group alliance, is a forex broker company in Greece. AAAFx is an online Forex and CFD electronic communications network (ECN) brokerage that was established in 2007.
They are headquartered in Greece where they are regulated in Hellenic Capital Market Commission and are also fully regulated in European countries. AAAFx is also regulated by the FSCA in South Africa.
AAAFx offers traders a reasonably inclusive range of instruments such as Forex currency pairs and crosses, and CFDs. AAAFx also offers to trade in global equity indices, the commodities of gold, silver, crude oil, natural gas, and copper, and major cryptocurrencies like Bitcoin.
Minimum margin requirements differ and AAAFx complies with the restricted maximum leverage within the European Union.
AAAFx account types
 Features |
 ECN Account |
ECN Plus Account |
ECN Zero Account |
Islamic Account |
 Minimum Deposit |
$100 | $1,000 | $50,000 | $100 |
 Commission fee |
$2.5 per $100k | $1.5 per $100k | $0 per $100k | $2.5 per $100k |
| Average Spread |
0.0 pips | 0.0 pips | 0.0 pips | 0.0 pips |
 Deposit bonus |
Yes, 100% deposit bonus to global clients | Yes, 100% deposit bonus to global clients | Yes, 100% deposit bonus to global clients | Yes, 100% deposit bonus to Global clients |
AAAFx follows an ECN Account model and offers 4 different accounts namely the ECN Account, ECN Plus Account, and ECN Zero Account and an Islamic Account.
ECN Account
Low commission charges of $2.5 per $100k and low swap charges combined with advanced technology make your trading experience exemplary in every sense. The minimum deposit for an ECN Account is $100.
ECN Plus Account
The minimum deposit for the ECN Plus Account is $1.000, and with a commission as low as $1.5 per $100k traders can experience fast trade execution and raw thin spreads.
ECN Zero Account
With a $50.000 minimum deposit required for this account type, traders can enjoy the benefits of trading without commission ($0 per $100k) which makes this account type different from the others.
Islamic Account
For traders of the Islamic faith, with a minimum deposit od $100, AAAFx offers trading with 0 swap charges and the commission of $2.5 per $100k. This is available only for Global clients.
AAAFx deposits and withdrawals
| Method |
Deposit |
Withdrawal |
 Region |
 Currencies |
Service fee |
 Processing time |
 Visa |
Yes | Yes | Worldwide | EUR, USD, CHF, GBP | 0% | Instant |
| Mastercard |
Yes | Yes | Worldwide | EUR, USD, CHF, GBP | 0% | Instant |
| FNB |
Yes | Yes | South Africa | ZAR | 0% | 2-3 business days |
| Skrill |
Yes | Yes | Worldwide | EUR, USD, JPY, CHF, GBP, AUD | 0% | 1 business day |
| Neteller |
Yes | Yes | Worldwide | EUR, USD, GBP | 0% | Instant |
The minimum amount that can be deposited to an AAAFx account depends on the account type. The minimum deposit is set at $100 regardless of the payment method.
There is no limit for a maximum deposit. For minimum deposit, the transaction made in other currencies will be converted to the equivalent of 100 USD.
No minimum or maximum withdrawal limits are set by AAAFx, although verification is required for card withdrawals. Also, if deposits had been made with different methods, withdrawals are limited to the maximum amount deposited with a specific method.
Depositing funds and making withdrawals from an AAAFx account can be done easily and securely. Both transactions may be executed by credit cards, debit cards, bank wire, Cryptocurrencies, and e-Wallets.
AAAFx cost and fees, commissions, and spreads
| Features |
ECN Account |
ECN Plus Account |
ECN Zero Account |
Islamic Account |
| Minimum Deposit |
$100 | $1,000 | $50,000 | $100 |
| Commission fee |
$2.5 per $100k | $1.5 per $100k | $0 per $100k | $2.5 per $100k |
| Average Spread |
0.0 pips | 0.0 pips | 0.0 pips | 0.0 pips |
| Deposit bonus |
Yes, 100% deposit bonus to global clients | Yes, 100% deposit bonus to global clients | Yes, 100% deposit bonus to global clients | Yes, 100% deposit bonus to Global clients |
AAAFx spreads start at 0.0 pips for all major Fx pairs.
The commission charged by AAAFx depends on the account type. For the ECN Account – $2.5 per $100k; for ECN Plus Account – $1.5 per $100k and for ECN Zero Account – 0 per $100k, and for the Islamic Account – $2.5 per $100k.
Leverage
AAAFx allows a leverage ratio of 1: 30 for traders under the EU entity as per ESMA regulations, and 1:500 for traders under the Non – EU entity.
Leveraged product trading magnifies a trader’s potential profit – but of course, also increases the potential loss. This facility that enables traders to get a larger exposure to the market than the amount they deposited to open a trade, is called leverage.
The amount of leverage is expressed as a ratio, for instance, 50:1, 100:1, or 500:1. Assuming that a trader has $1 000 in a trading account and is trading ticket sizes of 100 000 USD/JPY, that leverage will equate to 100:1.
AAAFx trading platforms, software, and features
The forex trading software, also called the platform, provided by a broker company to its clients to carry out their trades can be a multi-asset one that allows clients to trade forex as well as other asset classes like CFDs on stocks, stock indices, precious metals, and cryptocurrencies.
Some companies provide their own proprietary platform, while others prefer well-known platforms. If there is a choice, the trader should keep in mind what he would like to trade.
AAAFx provides the popular MetaTrader 4, MetaTrader 5 and ActTrader platforms to clients.
MetaTrader 4 is an independent trading platform and one of the most advanced and easy platforms to use. It is developed for trading FX, commodities, and other products and provides traders with a multilingual interface, instant execution, built-in guides, and a complete technical analysis package.
The latter includes a wide range of indicators and charting tools, custom indicators, and time periods.
The MetaTrader4 flagship platform on AAAFx comes with a minimum account size of $100. Accounts can be held in several currencies including USD, EUR, GBP, AUD and CHF.
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 5 platform was released in 2010. with new and updated features. AAAFx’s MetaTrader 5 offers 21 different time frames, 6 types of pending order types available along with the market execution, in-built and modifying options for Scrips, and many more. ActTrader is the platform that has been the front-runner in the trading industry since 2000. The platform offers the ‘best in class’ technology and focuses on simplicity, readability, and challenging the well-known trading traditions with robust technology.
The ZuluTrade auto trading platform allows customers to take advantage of all of its social trading features. The AAAFx interface is configured to link up with that of Zulutrade so that traders can perform auto-trading on their accounts.
iPhone and Android versions of the AAAFx MT4 Mobile Platform can be downloaded from the respective app stores.
Disclaimer
AAAFx warns potential traders that Forex and CFD trading always carries a high level of risk, therefore may not be suitable for all investors.
Before clients decide to trade the products offered by AAAFx, they are advised to contemplate their investment objectives, financial situation, needs, and level of experience carefully before investing money that they cannot afford to lose.
Especially when traders use AAAFx ’s leveraged accounts, they should make sure to maintain a sufficient level of margin to sustain their positions, since trading Forex/CFD and Options on margin and using a higher than necessary leverage can be either beneficial or detrimental to a trader. It is always possible to sustain a loss of some or all of an initial investment.
While AAAFx promises to make all efforts to fill a trade at the requested price, trading online does not necessarily reduce risks associated with currency trading, therefore quotes and trades are usually subject to the terms and conditions of a Client Agreement, which is accessible through the broker’s website.
Potential traders should first acquaint themselves with all these associated risks and seek advice from an independent financial advisor, shows research.
