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.
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.
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.
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.
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I was supposed to open an account at AAAFx but from the registration alone, it already took such a long time. The broker kept asking for documents but also kept rejecting everything that I presented. I was never able to open an account but I did provide my credit card details and it was the worst decision I made. Because of that, the broker was able to charge a huge amount on my card even when I was not successful in the registration.
If there are no other brokers available in your area, then AAAFx may do, but if you have other choices, I am pretty sure there is one that can provide far better trading conditions that this broker. To be honest, the services of AAAFx are not impressive.
As a beginner, I did not have a productive experience at AAAFx. They did not offer any programs that can help traders and their platform is too complicated for some reason. In the end, I just lost everything and the broker did not even bother to say anything to me.
I had an account at AAAFx for more than a year but I was never able to get my money. I had decent trading results and I profited overall. But then the broker did not release my funds when I asked for a withdrawal.
AAAFx had terrible offerings to begin with. They do not provide Forex education nor offer favorable conditions. On top of that, there have been a lot of complaints regarding the release of the funds. Apparently, some investors were not able to get their money back.
For several times, my trades at AAAFx were closed without my permission and without any trigger. The broker just closed it at a losing position even when I did not set a Stop Loss. Also, whenever I do set the SL or TP, the broker just ignores it.
AAAFX was a terrible broker, no question about that. It only pretended to provide promising services, but the truth is that it has very low quality of services. On top of that, the broker did not even release my money when I tried to withdraw my funds.
I traded at AAAFx for several months and I did not realize that the broker was only playing with me all along. I thought I was just a terrible trader because I never had any winning trade. It was only after I saw the complaints of my fellow traders that I knew the platform was rigged.
AAAFX offered incredible trading conditions that are very hard to resist. As someone who wants to earn, it was hard to miss the opportunity that the company offered. Unfortunately, it was a false service and the company only wanted to take our money.
The services of AAAFx are not the best. To be honest, some of their services are outdated including the platform. But what they can be proud of is the sincerity that they give to their clients. They are efficient in releasing funds, and they answer to concerns quickly.
I am not so sure about this. I had trouble withdrawing my funds from this broker. In the end, I was not able to take anything from my account because the broker did not release my money. What the broker only did was block my account.
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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