- Regulatory Authority: Regulated under MiFID in Greece by the HCMC.
- Instruments: Limited Commodities and Forex.
- Leverage: Up to 200:1
- Unique Features: AAAFx is ultimately owned by ZuluTrade and therefore is often considered the best brokerage to open a ZuluTrade account with.
- Minimum Deposit: $300
AAAFx offers MetaTrader 4 as there sole trading platform. MetaTrader 4 is one of the best known trading platforms out there and is popular with many traders who like its professional like functionality. MetaTrader also provides support for Expert Advisors which allows individuals to engage in automated trading. The AAAFx version of MetaTrader 4 works just as one would expect it too. However as AAFx is ultimately owned by ZuluTrade it provides unprecedented support for automated trading through the ZuluTrade platform, with their being no commissions or charges for such trading. Some also consider AAAFx to offer the lowest amounts of slippage for those who are using the ZuluTrade platform, it should also be noted that many of ZuluTrade’s most popular signal providers also use AAAFx to place their trades.
There is nothing at all remarkable about the AAAFx platform apart from its provision for those who are using the ZuluTrade platform. The main reason why anyone would chose to trade with AAAFx is that they wish to take advantage of ZuluTrade’s social trading platform. The fact that AAAFx is run by the same company who ultimately operate ZuluTrade means the platform has the best integration with the brokerage.
AAAFx offer different Spreads to individual and institutional clients. The Spreads on offer for both individual and institutional clients are pretty competitive for the major currency pairings, with the institutional spread for EUR/USD being 0.9 pips and the Spread being 1.9 pips for individual customers. While these Spreads are pretty competitive they are still not the very best around but do allow their customers to trade major Forex pairings with pretty reasonable spreads. However when it comes to some of the more minor Forex pairings the Spreads really begin to bloat with some spreads being particularly huge. So it appears that AAAFx would be a pretty good option for those who only want to trade the major Forex pairings. The Spreads on all other instruments at AAAFx can be outdone elsewhere.
Personally I haven’t had any problems with the customer service at AAAFx, but I feel that it is my duty to state that their are a number of reports regarding slow withdrawals with accounts held with AAAFx. Though at the same time their are as many reports of people being extremely happy with the service provided by AAAFx. As far as I can tell there are no suggestions of anything sinister going on at AAAFx. AAAFx has a number of different contact numbers and ways to get into contact with them, meaning if you do have a problem with their service it is very easy to get into contact with them. The only thing that can go against AAAFx is the fact they have been accused of using Spamming techniques to promote their service, though this may be down to over eager affiliates or poor quality SEO services bought from Pakistan and India.
AAAFx is the trading name of AAAFx Competitive Trading Solutions Ltd. who are registered and regulated in Greece by the HCMC. As Greece is a member of the European Union this means that AAAFx is bound by MiFID allowing it to operate throughout the whole of the European Union. It also guarantees that AAAFx are regulated at least to the degree set out in MiFID, meaning that individual consumers funds are protected up to 30,000 Euros. However the fact that AAAFx is based in Greece may raise some causes for concern especially due to the fact that Greece is not well known for financial regulation and due to the fact the Greek economy is in a pretty perilous state.
Overall, those considering trading with ZuluTrade should seriously consider using AAAFx as their brokerage. Those who are just looking for a general brokerage might be better suited elsewhere.