AAAFx Broker Review 2018

The AAAFx Broker was founded in 2008 and the company's headquarters are located in Athens. AAAFx's customers include people from 176 countries worldwide. The trading products offered primarily include currency pairs but also indices, CFDs and binary options. AAAFx also cooperates with ZuluTrade and in this way customers of the Greek broker can also participate in social trading. Below you will find our detailed AAAFx broker review 2018.

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The AAAFx broker offers its own clients a relatively small selection of tradable instruments. The broker focuses primarily on forex trading and more than 60 currency pairs are available. These include majors such as EUR/USD and exotics such as USD/MXN. Indices can also be found, such as the Dax 30 or the Nasdaq 100, and it is also possible to trade in binary options, including underlyings such as indices, foreign exchange, commodities and equities. Generally speaking, AAAFx can only partially compete with most other brokers in the choice of instruments.

Our AAAFx broker review 2018 has shown that the Greek broker charges both spreads and commissions for forex trading. If one looks at the spreads in comparison to many other offers, it quickly becomes apparent that the spreads of the Greek broker are located in the lower range and thus could convince in our AAAFx broker review 2018.

For example, a spread of 0.4 pips applies to the EUR/USD currency pair. For the USD/JPY pair, it's even less, 0.3 pips. The spreads on the exotic currency pairs are also quite respectable. When trading with USD/ZAR, 20 pips are charged and for USD/MXN, 28 pips. The currency pair with the largest spread is CHF/NOK, with 70 pips.

AAAFx also calculates commissions. The commissions in FX trading depend on the base currency of the account and on whether it is a private investor's trading account or an institutional account. Whoever keeps the account in Euro, pays 9 Euro per standard lot traded. A standard lot is 100,000 euros. This means that commissions of EUR 0.09 are payable per thousand euros traded. Incidentally, the maximum lever is 500:1.25 euros to 1,500 euros is possible for trading with binary options.

In terms of deposits and withdrawals, our AAAFx broker review 2018 has shown that a total of nine payment methods can be found.

Anyone wishing to trade with AAAFx must capitalise their own trading account with at least 300 euros. This is a relatively small amount and so even retail investors can join the broker in trading.

We have also paid attention to the bonus offers in our AAAFx broker review 2018. We found out that the broker offers all new customers a first deposit bonus. The maximum amount is 3,000 euros. The bonus amount is posted to the trading account immediately upon receipt of the payment and can be used in both forex and binary options trading.

However, the amount cannot be paid out just like that and certain conditions must first be met. When it comes to Forex trading, depending on the bonus amount, a certain number of lots must be traded and when it comes to binary options, the total bonus balance must be wagered 25 times. Those who have received a bonus and do not use their trading account for more than 90 days lose the bonus amount.

In this section of our AAAFx broker review 2018 we have taken a closer look at the trading platform. In fact, AAAFx has three platforms and each of them is available for a different purpose. MetraTRader 4 is one of the world's most popular trading applications for forex and CFD trading in 2018. The MT4 convinces with its uncomplicated handling as well as the abundance of professional tools and analysis tools.

In binary options trading, there is a web-based application that is both clear and straightforward to use. Generally speaking, the platform is an application like any binary options broker. The third trading platform is ZuluTrade's application for social trading. Basically, it is not a direct AAAFx platform, but customers of the broker can access it without having to log in again.

If you also want to trade with your own smartphone or tablet, AAAFx customers do not have to do without this service. Whether trading in foreign exchange or binary options, there is a suitable application. All apps are free of charge and can also be tested in the form of a demo account. There are mobile apps for iPhones and Android devices and they are available on the App Store.

As we have already mentioned, AAAFx customers can use social trading at ZuluTrade. This offer is especially interesting for those who do not want to deal with price developments and market analyses, but still want to trade successfully on the stock exchange. At ZuluTrade, inexperienced investors can find signalers and copy their trading strategies with a single mouse click.

AAAFx is not convincing in terms of knowledge and education. There is a rather extensive FAQ section, but if you are looking for a stock market encyclopedia, want to watch webinars or want to find advice on the world of finance, you will be disappointed.

We were able to give the broker a good AAAFx rating in the area of customer service. There is no hotline for German customers, but there is a live chat available around the clock, seven days a week, which actually keeps its promise. In a few moments a contact person is there to answer all questions in detail and friendly.

If you want to make a phone call, call the international service hotline and have to communicate with customer support in English. In addition, fees may also be charged when making calls, because the service number is not a German connection. But that's not a big deal, because the live chat is quite sufficient to get in touch with them.

Especially positive in our broker review 2018 was the fact that AAAFx has a suitable demo version for each of the trading platforms offered. In this way it is possible to get to know all the functions of the applications in advance and to place the first trades under realistic conditions. It is also easy to get such an account. Where other brokers require a complete registration including bank account details, AAAFx has enough name, phone numbers and email address and the account is created and ready to use. The demo account is available to users for an unlimited period of time.

If you are looking for a broker, you should always inform yourself about the relevant regulatory authority. If you can't find such an offer, then you should always keep your hands off it. AAAFx is a regulated broker and the competent authority is called HCMC (Hellenic Capital Markets Commission). This is the regulatory authority of Greece and like any other European supervisory authority, it is subject to the financial market directives (MiFID) applicable throughout Europe.

Generally speaking, the AAAFx broker can convince AAAFx with its own trading offer. Even though the selection of underlying assets is relatively small and there are no training offers, the broker can still score points in other areas. Customers and prospective customers can contact support at any time of the day or week, the spreads are competitive and you can't go wrong with MetaTrader 4 anyway. Both beginners and advanced traders get their money's worth with AAAFx.