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AAAFx: broker from Greece. Its offers and disadvantages

AAAFx is not a very popular forex broker. It is really difficult to find it in the list of forex brokers 2021, but there are reviews from traders who risked working with the firm. The comments cause vague impressions. That is why we will examine every fact.

Online since 2008
Country Greece
Website aaafx.com
Regulated by HCMC (Greece), FSA (Saint Vincent and the Grenadines)
Trading platform ZTP, MetaTrader 4, ZuluTrade
Trading instruments Currency pairs, cryptocurrencies, CFDs
Payment methods Wire transfer, Visa, MasterCard, FasaPay, GiroPay, iDeal, Neteller, PaySafeCard, Perfect Money, QIWI, Skrill, Wire Transfer, YooMoney

Main information about AAAFx

What AAAFx offers

The dealing center attracts clients by its EU license, which proves that the company’s trading services are legal on the territory of Europe and the CIS. Traders can make use of the welcome bonus, an Islamic account as well as live and demo accounts. The broker’s support service is available 24/5 via phone, chat, and e-mail. The main advantage of the broker is direct access to ZuluTrade.

Trading conditions:

Minimum deposit: $300

Leverage: 1:100 to 1:500

Maximum number of orders: 1,000

Maximum lots per order: 100

What customers should know before start trading with broker

The AAAFx broker offers narrow spreads, but it is offset by high commissions. Traders have to pay $2.5 for every transaction and $25 for money withdrawal regardless of the payment method. If you prefer a small trade size and do not often enter the market, it is better to search for another broker.

AAAFx will neither suit newbies. The company does not provide its clients with educational programs. What is more, the available glossary is poor and complicated.

To register with the company, traders have to present a lot of documents and extracts . This confuses even experienced traders.

Traders’ reviews

The AAAFx broker is not popular among traders from the CIS. It could be rarely seen in the list of forex brokers. Some company’s clients emphasize a good order execution, rare slippages and requotes, and reasonable conditions of funds withdrawal. At the same time, other traders suppose that AAAFx is a company that pulls money from its clients. Some of them directly say that AAAFx is a scammer.

Traders also emphasize that when they lose money, the broker works properly. However, when they start earning money, they face a lot of obstacles. The better part of complaints is about unreasonable closure of profitable orders and ignoring of stop-loss orders. Traders explain that it is almost impossible to prove that they have lost money because of the broker’s actions. Such complaints are widely ignored. What is more, funds withdrawal takes a lot of time.

As a result, AAAFx has made an impression of a mediocre dealing center. Novice traders should take into account that this forex broker does not offer educational programs and the verification process is really complicated. Access to ZuluTrade and narrow spreads are among the main advantages. However, a high commission, especially on funds withdrawal, overshadows all the bonuses. What is more, the broker cannot compete with its rivals in terms of a number of positions. Complaints about the closure of profitable orders and difficulties in withdrawing funds also cause concerns.

The opinion of the review`s author is private and not obligated to reflect the position of the resource. If you have any remarks and suggestions on new articles please contact us via this form.
Author: Jozef | Data de  2021-09-17
AAAFx was alright. It provides trading services but I cannot say that the company is impressive. To be honest, if I have spare money, I would start an investment with another broker already because this company is not very efficient. Trading with them is rather challenging due to technical issues.
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Author: Shivien | Data de  2021-09-07
AAAFX can be trusted. I traded with them for a while and they never hold the funds of their clients. The main problem about this broker is the quality of their services. I always had trouble making a decent trade because not only was their spread floating, the platform itself also had delays.
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Author: Filip | Data de  2021-09-03
AAAFx is pretty average. I only opened an account with them because they are regulated. But in terms of trading services, they do not impress me so much. I would probably close my account soon as well because there is not much progress.
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Author: Andrew | Data de  2021-08-23
When the employee of AAAFX contacted me, one of the promises he left was that they would provide Forex education to their clients. This is what I held onto because my only worry is that I still lack knowledge on Forex trading. But then when I opened an account, there was no forex education at all. They did not have any learning material.
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Author: Lenardo | Data de  2021-08-18
When I had an account at AAAFX, my experience was not perfect but back then, I was still able to take my money back. Unfortunately now, it appears that the withdrawal of funds had become difficult. I hope the broker is not doing this on purpose.
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Author: Moses | Data de  2021-08-09
My main complaint against AAAFX is their trading platform. It always malfunctioned and it happens mostly when my trade is going well. It will crash then when it starts again, the trade would already be on losing status. In the end, I did not gain anything from this broker.
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Author: Joren | Data de  2021-08-02
I don't want to accuse them of anything because nothing is proven yet. But I want to share my experience at AAAFX. I traded at this broker for almost a year and I had a decent experience. I was able to make great progress in my trading activities as well. So to reward myself, I decided to withdraw the profits. The broker did not release my money and although I kept asking for updates, they never answered.
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Author: Neira | Data de  2021-07-19
I don't know what will happen with my account at AAAFx anymore. I have been trying to contact them for weeks now because they suspended my account. They did not say anything about why they suspended it. I don't know if I should still be hoping that they will return it to me.
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Author: Baset | Data de  2021-07-15
I opened an account at AAAFx when I was still a beginner. And I tell you what, the experience was terrible. Their platform was too complicated and they did not even have anything to help their traders. There was no materials for Forex education. It was not worth it.
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Author: Kanwara | Data de  2021-07-02
I agree that AAAFx is really not for beginners and retail traders. It will be a huge loss to traders who has little capital when the broker charges high commission on every transaction and even charges fees for funds withdrawal. Even I, who has enough experience would not want to deal with this kind of broker.
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