Detailed Review of AAAFx International whose subsidiary is ZuluTrade

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What kind of broker is AAAFx?

 

AAAFx was founded in 2008 and its headquarters is in Athens, Greece (member of the European Union).

AAAFx has both AAAFx International and AAAFx EU.

Currently we are employing 80+ people, and within the past two years the company has successfully opened thousands of live accounts from 176 countries globally.

We offer in-house live customer support-trading desk in 11 languages. Our main focuses are to offer both an exceptional trading experience and outstanding customer support.

AAAFx is regulated in Europe, registration no. 2/540/17.2.2010.

Tax Identification Number is 998281207.

AAAFx is an online Forex and CFD ECN (electronic communications network) broker launched in 2008. They are headquartered and regulated in Greece, being one of only two Forex/CFD brokers who are truly Greek. As they are regulated in Greece by the Hellenic Capital Market Commission, they are also fully regulated in all European Union member states.

AAAFx offers traders the opportunity to trade a reasonably wide range of instruments wrapped as CFDs (Contracts for Difference), even including some bonds and soft commodities. In addition to Bonds, AAAFx offer trading in 36 Forex currency pairs and crosses, 10 global equity indices, the commodities of gold, silver, crude oil, natural gas, and copper, and all the major cryptocurrencies including Bitcoin paired again the U.S. Dollar. Minimum margin requirements differ, and of course, maximum leverage at a broker regulated within the European Union is restricted to 30 to 1 by ESMA regulations.

We offer an in-house customer support – trading desk 24 hours/ 5 days a week, in 13 languages as well as:

    • A 10% Bonus on your initial deposit

 

    • Reduced Spreads that are among the lowest

 

    • Full refund policy for trade execution issues

 

    • Direct integration with Zulutrade, the largest social trading network with more than half a million users and 100.000 registered strategies

 

    • Expert Advisors can be used

 

    • No re-quotes. Prices are filled with just one click.

 

  • ECN Broker – No Dealing Desk Execution ensures our Customers’ best interest

 

ABOUT AAAFx
Foundation AAAFX was found in 2008
Homepage https://international.aaafx.com
Headquarters AAAFX maintains headquarters in Athens, Greece
Islamic Accounts AAAFX supports Islamic Accounts -YES-
Segregated Client Accounts -YES-
Negative Balance Protection -YES-
Regulated AAAFX is regulated by HCMC (Greece ID-998281207) and MiFID (EU ID-2/540/17.2.2010)
Languages (English, French, German, Arabic, Chinese, Russian, Spanish, Greek, Hebrew, Italian, Korean)
Broker Type ECN
CFD Trading YES
Platforms MetaTrader4, ZTP Auto-Trading,
ZuluTrade, MT4 Mobile Apps
AAAFX ZuluTradeTrading Time Zone GMT (UTC+2)
Demo Account YES
EUR/USD Spread AAAFX minimum spread on EUR/USD is 0.9 pip and typical is 1.9 pip (full asset index below)
Trading Commissions No
Leverage up to 500:1
Smallest Trade Size 1000 Units
Scalping YES
Minimum Account $300 or €250
Deposit/Withdrawal Methods Bank Wire Transfer, Credit and Debit Cards, Bitcoin, MoneyBookers (Skrill)
EPS, iDeal, GiroPay, DirectPay/Sofort,
TeleIngreso, Przelewy24, Qiwi
Withdrawal Fees Yes, $25 flat fee applies for all withdrawals
Minimum Account $300 or €250
Acceptance of US Clients No
Acceptance of Japanese Clients No (in AAAFx International)
Yes (in AAAFx EU)

 

Accounts

AAAFx differs from most brokers in offering clients an ECN account model. There is only one account type for retail clients, without any of the gimmicks which many brokers typically use to promote spurious distinctions, although there is a choice of platforms. Opening an account with AAAFx requires a minimum deposit of $300.

As AAAFx operates an ECN model, clients are charged both a spread and a commission on all transactions. Spreads are variable and begin at a low of 0.2 pips on the benchmark EUR/USD currency pair. Commissions are of course fixed and equate to another 0.8 pips on EUR/USD which means you can expect to pay about 1 pip for every round-trip trade in the EUR/USD currency pair. This is competitive, and in fact for a deposit of $300 is truly good value.

Commissions for institutional clients are considerably lower, with institutional accounts charged approximately 70% on commissions, due to their large trade sizes.

The spreads and commissions on non-Forex assets are also broadly competitive. Unusually for a Forex/CFD brokerage, AAAFx publish their overnight swap rates. They look mostly OK and are positive where there are significant interest rate differentials, which is a positive sign, and as it should be.

Swap-free Islamic accounts, and demo accounts, are also available, as is typically the case with Forex/CFD brokerages.

All accounts offer a minimum trade size of 1 micro-lot (0.01 full lots).

Scalping and hedging are allowed, and automated trading is possible. This combination of advantages is something that is increasingly hard to find, especially with a Forex/CFD broker regulated in the E.U. such as AAAFx.

There is no choice of trading platform if you do not want to use the ZuluTrade platform, as the only alternative is MetaTrader 4.

Fortunately, this is the world’s most popular and common Forex trading platform. AAAFx is a partner of ZuluTrade, which allows its customers to effectively operate in a way that takes advantage of all of ZuluTrade’s social trading and trade copying features.

3 Trading Platforms

AAAFx offers us 2 best trading platforms “ZTP” and “MT4” that suit us.

ZTP

・State-of-the-art Technology

Provides you with a fully-fledged web-based Trading Station for Forex and CFDs manual trading.

Offers technical charts (Candlesticks, OHLC, lines) and indicators (Trend, Oscillators, volatility, volumes, Bill Williams etc.) you can tailor according to your trading requirements. In addition, ZuluScripts allows trading robots to be used or developed via your own algorithms to run your trading strategies.

Your account is shielded at all times against connectivity issues and can run EAs uninterruptedly without the need for a VPS.

The best choice for those who wish to trade with an all-in-one platform that is currently offered together with your ZuluTrade account.

Products Traded:FOREX, CFDS

Methods of Trade:MANUAL, ALGORITHMIC VIA ZULUSCRIPTS™

Platform:WEB-BASED

MetaTrader 4 (MT4)

・The standard

The AAAFx International MetaTrader 4 provides you with the most essential tools and resources needed to analyze the Market and improve your Forex and CFDs manual trading performance.
Offers opportunities to traders of all skill levels: advanced technical analysis, flexible trading system, algorithmic trading, Expert Advisors and mobile applications.

Smallest Trade Size: 1000 Units

Trailing Stop: Enabled by default on Live accounts

The Platform is offered with or without ZuluTrade and requires installation. Download here.

Products Traded:FOREX, CFDS

Trade:MANUAL, ALGORITHMIC, EXPERT ADVISORS

Platform:WINDOWS BASED AND REQUIRES INSTALLATION

MetaTrader Mobile

The MetaTrader 4 and platform apps can be used on iPhones, iPads, Multi-Terminal, and all Android devices.

6 Features of AAAFx

There are 6 features of AAAFx.

・A very competitive spread/commission offering, especially for small depositors.

・A reasonably wide range of instruments available for trading: Forex currency pairs, global equity indices, gold, silver, crude oil, bonds, and cryptocurrencies.

・An ECN trading model.

・Negative balance protection.

・Regulated by a major industry center (E.U.).

・AAAFx is a well-established firm with a well-earned reputation to protect.

Excellent compatibility with Zulutrade

 

In telling the details of AAAFX, it is the existence of the automatic copy trading system “Zulutrade” which should not be ignored.

This “Zulutrade” is available for free at AAAFX. Most of those who open an account at AAAFX are aiming for this “Zuletrade”.

“Zulutrade” automatically manages our funds even when we are asleep.

 

“Zulutrade” is characterized by the fact that the trading signal issued by an excellent trader called a signal provider is instantly reflected in your account.
We can buy or sell the same as high performance traders around the world just by choosing which traders we synchronize.

Once we decide which trader we synchronize, it’s okay to leave managing our funds untouched without logging in to our account extremely. Zulutrade manages our assets automatically.

EA(=Expert Advisor) seems to be difficult because of setting programs. But AAAFX is very popular for people who do not have confidence in trading forex manually or those who want to have an account for the automatic trading account as a sub account as well as accounts for manual trading.

Even if traders are excellent, they will surely drawdown someday.
By combining several service providers and forming portfolios, then, we can reduce that risk.

As one of the features of ZuluTrade, all providers are cloud services running on the server side of ZuluTrade.

There is no need to carry out troublesome such as installation on the personal computer.
Also, even if the PC is turned off, trading will automatically take place at the signature of the provider you designated.

Extremely speaking, even if you do not have a computer, you can use ZuluTrade if you can operate from an internet cafe or smartphone.

A world-class signal provider will repeat automatic trading for 24 hours on your behalf.
This dreamlike trading system ZuluTrade is completely available for free.

Here is about Details of ZuluTrade

 

Services of AAAFx

 

Education

AAAFx has no educational offering. In our view, this is refreshing, as they are focusing on offering a brokerage service instead of using the common tactic of offering low-quality education to suck in new clients with high transaction costs.

Bonuses and Promotions

AAAFx offers 10% Βonus on all of our deposits!

If you want to receive Special Bonus Offer, you should read the following Terms and Conditions.

The Profit Sharing Accounts Program offered by AAAFx International has been welcomed with great enthusiasm and has aroused a great deal of interest among our clients.

We offer a 10% Bonus for each received deposit.

Below, are the Special Bonus Offer defined terms and conditions:

Both Existing and New clients are qualified for the Special Bonus.

Both Classic and Profit Sharing accounts are qualified for the Special Bonus

There is a maximum incentive bonus of $3,000 per account (please see round turn lot table above).

The Special Bonus expires and will be automatically removed from an account, if it is not released within a period of 45 or 90 days (depending on the offer) from the date that it was credited.

The Special Bonus cannot be transferred between accounts.

Funds transferred between accounts are not considered deposits and are therefore not eligible for the Special Bonus offer.

The Special Bonus is credited in the investment account after receiving the deposit and will only be released in the equity once the necessary round turn requirements are completed, as mentioned on the relevant table above.

Round turn lot requirements are calculated pro rata using weighted averages for each currency pair; please click here for details.

You can easily check the status of your bonus(es) by simply visiting the Mybonus section of your account.

AAAFx International reserves the right to alter, amend, extend or terminate the Offer at any time without prior notice.

AAAFx International will notify you of any changes to the Offer and/or its conditions by updating its website and it is recommended that you check the website regularly for such updates.

Deposits/Withdrawals

Depositing funds into a AAAFx account is an easy and secure process. Both may be made using several different methods, including credit cards, debit cards, Skrill, Neteller, and even Bitcoin. Withdrawals are generally made through the same channel that deposits have been made through.

Conclusion

AAAFX is an ECN Forex Broker found in 2008 that allows US traders as it is compliant with NFA. AAAFX is highly associated with ZuluTrade, actually, it is part of the ZuluTrade Group. AAAFX trading terms may be considered as competitive in general.

They offer EURUSD typical at 1.9 pips and minimum at 0.9 pips, without any trading commissions charged.

They offer the MT4 platform, the ZTP platform, and of course the ZuluTrade platform which allows Expert Advisors and Social Trading. They offer also apps for iPhone and Android. AAAFX allows Scalping and Hedging. Their order execution is considerably fast without price manipulation. As concerns AAAFX accounts, their minimum deposit of $300 is reasonable while they support several account currencies. Keep in mind that they charge withdrawal fees (25EUR flat).

AAAFX asset index is considerably wide and forms one of the main advantages when trading at AAAFX. In general AAAFX is a good Forex Brokerage choice, especially as concerns US traders.

AAAFx has an exceptional offering for retail Forex/CFD traders, which smacks of professionalism and integrity, and avoids cheap gimmicks. If you are not looking for an extremely wide range of obscure assets to trade, and want a cheap ECN-style trade offering, these guys are certainly worth seriously considering, especially if you have a relatively small deposit to make.

Open Accounts of AAAFx

 

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