- Types of accounts
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AAAFx is a Forex broker founded in 2008 in Greece and regulated by the Greek Securities Commission (HCMC). AAAFx broker accepts clients from all over the world, with the exception of the USA, Canada and some countries from the OFAC list. Keep in mind that the company has some trading restrictions due to the influence of the European Securities and Markets Authority (ESMA).
AAAFx – a regulated broker?
AAAFx is a Forex and CFD broker headquartered in Athens, Greece, which is regulated by the Greek Securities Commission (HCMC) and the European Securities and Markets Authority (ESMA).
As a brokerage company regulated by the EU, AAAFx is obliged to comply with the strict ESMA rules regarding leverage, protection against negative balance and classification of clients as professionals and novice traders. While this means that trading conditions may not be as flexible as in other companies, it also adds an additional layer of security.
However, for international traders, the brokerage company AAAFx has opened an additional office in Saint Vincent and the Grenadines. There is no regulation in this jurisdiction, but at the same time more favorable trading conditions are provided.
What is the maximum leverage in AAAFx?
The rules of leverage for non-professional traders, which are applied both in Greece and in other EU countries, state that major currency pairs can be traded with a maximum leverage of 1:30, while gold, minor currency pairs and major stock indices can be traded with a maximum leverage of 1:20. Other assets have even lower leverage. As a rule, the rule applies here: the more volatile an asset is, the lower the leverage will be.
Meanwhile, in Saint Vincent and the Grenadines traders can still use a high leverage of up to 1:500.
AAAFx Trading Platforms
As for trading platforms, AAAFx offers both the well-known MetaTrader 4 (MT4) and a web-based social trading platform known as ZuluTrade. The platform allows traders to view the trading results of other traders and copy their trades.
What types of accounts does AAAFx offer?
AAAFx broker offers 3 types of trading accounts:
- Classic. With a classic account, you can trade both manually on MT4, and copy the trades of other traders on the ZuluTrade platform.
- Profit Sharing. This account is intended only for copying transactions through the ZuluTrade platform (MT4 is not available). The commission is$ 5 per lot.
- MT4. This account is only suitable for manual trading on MT4. The commission is $ 2.5 per lot.
In addition, AAAFx provides demo accounts for training and testing strategies, as well as a swap-free account for Muslim traders.
AAAFx offers trading in several markets, including Forex, cryptocurrencies, Commodities, Bonds, stock indices and stocks.
What is the minimum deposit in AAAFx?
The minimum deposit in AAAFx is $300. You can top up your trading account using such methods as bank transfers, credit and debit cards, as well as Skrill and Neteller.
In general, AAAFx is a good Forex broker, especially for traders who are interested in social trading. Broker is also strictly regulated in the EU, which makes it much safer than many unregulated and offshore brokers.
Before choosing a broker, we recommend that you read the reviews of AAAFx, as well as see our rating of Forex brokers.
|General information of AAAFx|
|Year of foundation||2008|
|Trading Platforms||MT4, ZuluTrade|
|EURUSD Spread||0.4 pips|
|Base currencies||USD, EUR, JPY, AUD, GBP, CHF|
|Assets||Currency pairs, metals, commodities, indices, stocks, cryptocurrencies|
|Deposit replenishment||BankTransfer, Visa/MasterCard, Skrill, Neteller|
|Payment for inaction||—|
- The year of Foundation 2008
- Head office address Akti Kondili 14, Pireas 185 45, Greece
- Maximum leverage 1:500
- Min. Deposit $300
- Regulation HCMC
- Trading platform
- Payment system to enter Bank Transfers, Debit/Credit Cards , Skrill, Neleller
- Payment system for withdrawal Bank Transfers, Debit/Credit Cards , Skrill, Neleller
- Number of trading instruments 35
- The number of CFD instruments 80
- The number of metals 2
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