AAAFX RATING
-OVERALL SCORE {72.5%(?)

 

AAAFX is an ECN Fx broker owned by Zulutrade. AAAFX is operating since 2008 and welcomes US Traders.

Deposit Requirements: 250 EUR / 300 USD

Funding: Cards | Bank Wire | Neteller | Skrill | Giropay | SoFort | iDeal | Qiwi

Platforms: MetaTrader-4 | ZuluTrade | ZTP Platform

Customer Support: English | Spanish | Chinese | Greek

» AAAFX Website

Chart: AAAFX Basic Ratings (Based on the ForexRating Formula 5.0)

The RatingFormula 5.0 gives a good rating as concerns the trading options and technology offered by AAAFX. Indeed, the broker covers a lot of diversified needs such as social trading, scalping, institutional trading etc.

Chart: AAAFX Special Ratings

AAAFX RATING SUMMARY

The following table contains AAAFX's rating summary based on (i) three rating aspects, (i) three experience levels, and (iii) three trading styles.

FOREX BROKER RATING (MAX 100%)
  • AAAFX FUNDS SAFETY
58.3%
  • AAAFX TRANSACTION COST
61.4%
  • AAAFX TRADING OPTIONS AVAILABLE
82.1%
  • AAAFX TECHNOLOGY
100.0%
  • OVERALL RATING
72.5%
TRADING EXPERIENCE  
  • AAAFX FOR FOREX BEGINNERS
72.8%
  • AAAFX FOR ADVANCED FOREX TRADERS
67.6%
  • AAAFX FOR PROFESSIONAL FOREX TRADERS
67.6%
TRADING STYLE  
  • AAAFX FOR INTRADAY TRADERS
72.2%
  • AAAFX FOR SWING TRADERS (MID-TERM)
75.6%
  • AAAFX FOR CARRY TRADERS (LONG-TERM)
57.9%

AAAFX DETAILED RATING REVIEW

AAAFX RATING ANALYSIS    
AAAFX TOTAL RATING   100.0%  
      72.53% FULL ANALYSIS
A. AAAFX  SAFETY OF FUNDS MAX WEIGHT→ 28.0% 16.33% Rating the AAAFX Safety
A.1 AAAFX License / Regulation FCA (UK) = 10.0% | FINMA (Swiss) = 10.0% | NFA/CFTC (US) = 10.0% | BAFIN (GE) = 8.0% | ASIC (AU) = 8.0% | FSC (NZ) = 6.0% | CYSEC (Cyprus) = 6.0% | HCMC (GR) = 3.0% | FSC (BVI) = 1.0% | MiFID (EU) = +0.5% rating 10.0% 3.50% AAAFX is regulated by the HCMC (GR) = 3% rating | MiFID Rating = +0.5% | Total = 3.5%
A.2 AAAFX Client Compensation in Case of Insolvency Covering 50,000 USD/EUR/GBP = 5.0% | Covering 20,000 USD/EUR/GBP = 4.0% | Covering 10,000 USD/EUR/GBP = 3.0%
Covering 50,000 USD/EUR/GBP = 5.0% | Covering 20,000 USD/EUR/GBP = 4.0% | Covering 10,000 USD/EUR/GBP = 3.0%
Covering 50,000 USD/EUR/GBP = 5.0% | Covering 20,000 USD/EUR/GBP = 4.0% | Covering 10,000 USD/EUR/GBP = 3.0%
Covering 50,000 USD/EUR/GBP = 5.0% | Covering 20,000 USD/EUR/GBP = 4.0% | Covering 10,000 USD/EUR/GBP = 3.0%
5.0% 4.00% AAAFX offers client compensation (in case of insolvency) up to 30,000 EUR through HCMC = 4.0% rating
A.3 AAAFX Country of Headquarters UK, USA, Germany, France, Canada, Switzerland, and similar = 5.0% rating | Australia, New Zealand  = 4.0% rating | Ireland, Spain, Italy, Cyrpus, and similar countries = 3.0% rating | Greece, Malta, South Africa = 2.0% rating | Offshore Countries = 0% 5.0% 2.00% AAAFX maintains headquarters Greece = 2.0% rating
A.4 AAAFX Years in the Market 10+ Years of Operation = 5.0% rating | 5-10 Years of Operation = 4.0% rating | 2-5 Years of Operation = 2.0% rating | 0-2 Years of Operation = 0% 5.0% 4.00% AAAFX was found in 2008 (5-10 years) = 4.0% rating
A.5 AAAFX Client Account Segregation Client bank account segregation =  2.5% rating | No = 0.0% 2.5% 2.50% AAAFX provides client bank segregated accounts = 2.5%
A.6 AAAFX Web Ratings ForexPeaceArmy Rating = 0.5% rating 0.5% 0.33% AAAFX ForexPeaceArmy Rating is 3.3/5.0 = 0.33% rating
A.7 (+) AAAFX ADJUSTING RESULTS        
A.7.1 AAAFX Corporate Size 1 million Trading Accounts = +1.0% rating | 500,000+ Accounts = +0.5% rating | 250,000+ Accounts = +0.25% rating 1.0% 0.00% AAAFX handles less than 250,000 accounts = 0% Rating
B. AAAFX TRANSACTION COST MAX WEIGHT→ 28.0% 17.20% Rating the AAAFX Transaction Cost
B.1 AAAFX spread on EURUSD <0.3 pip = 7.0% rating | <0.4 pip = 6.5% | <0.5 pip = 6.0% | <0.6 pip = 5.5% | <0.7 pip = 5.0% | <0.8 pip = 4.5% | <1.0 pip = 4.0% | <1.25 pip = 3.5% | <1.50 pip = 3.0% | <1.75 pip = 2.5% | <2.00 pip = 2.0% | <2.25 pip = 1.5% | <2.50 pip = 1.0% | <2.75 pip = 0.5% 7.0% 2.50% Typical AAAFX EURUSD spread is 1.6 pip = 2.5% rating
B.2 AAAFX spread on GBPUSD <0.85 pip = 4.5% rating | <1.00 pip = 4.0% rating | <1.25 pip = 3.5% rating | <1.50 pip = 3.0% rating | <1.75 pip = 2.5% rating | <2.00 pip = 2.0% rating | <2.25 pip = 1.5% rating | <2.50 pip = 1.0% rating | 3.00 pip = 0.5% rating 4.5% 2.00% Typical AAAFX GBPUSD spread is 1.9 pips = 2.0% rating
B.3 AAAFX spread on USDJPY <0.85 pip = 4.5% rating | <1.00 pip = 4.0% rating | <1.25 pip = 3.5% rating | <1.50 pip = 3.0% rating | <1.75 pip = 2.5% rating | <2.00 pip = 2.0% rating | <2.25 pip = 1.5% rating | <2.50 pip = 1.0% rating | 3.00 pip = 0.5% rating 4.5% 2.00% Typical AAAFX USDJPY spread is 1.9 pips = 2.0% rating
B.4 AAAFX Trade Commissions No Commissions = 7.0% rating | Commissions < $1.0 / lot = 6% rating | < $1.5 / lot = 5% rating | < $2.0 / lot = 4% rating | < $3.0 / lot = 3% rating | < $4.0 / lot = 2.0% rating | < $5.0 / lot = 1% rating |  < $6.0 / lot = 0.5% rating | Higher Commissions = 0% rating  7.0% 7.00% AAAFX does not charge trading commissions on the tested account type = 7.0%
B.5 AAAFX Overnight (SWAP) rates Cost < $1.5 = 2.00% rating | Cost < $2.0 = 1.75% | Cost < $2.5 = 1.50% | Cost < $3.0 = 1.25% | Cost < $3.5 = 1.00% | Cost < $4.0 = 0.75% | Cost < $4.5 = 0.50% | Cost < $5.0 = 0.25% 2.0% 0.70% AAAFX rollover on a Long EURUSD trade worth 1 lot ($100,000) is -$5.73 | AAAFX rollover on a Short EURUSD trade worth 1 lot ($100,000) is +$1.78 | Total cost in absolute value is $3.95, rating = 0.70%
B.6 AAAFX Commissions on Funding No Funding Fees = 2.0 % rating | One (1) Free Withdrawal Per Month = 1.0 % rating | Funding Fees Without Free Withdrawal = 0 % rating  2.0% 0.00% AAAFX charges withdrawal commissions = 0.0% rating
B.7 AAAFX Inactive Fees No Inactive Fees = 1.0 % rating | Yes Inactive Fees = 0 % rating 1.0% 1.00% AAAFX does not charge Inactive Fees  = 1.0% rating
B.8 (+) AAAFX ADJUSTING RESULTS        
B.8.1 AAAFX Execution Model ECN Execution = +2.0 % rating | STP = +1.5 % rating | Dealing Desk = +0.0% rating 2.0% 2.00% ECN Order Execution Model = +2% rating
C. AAAFX TRADING OPTIONS MAX WEIGHT→ 28.0% 23.00% Rating the AAAFX Options for Traders
C.1 AAAFX Forex Asset Index 45+ Pairs = 8.0% rating | 40+ Pairs = 7.0% rating | 35+Pairs = 6.0% rating | 30+ Pairs = 5.0% rating | 25+ Pairs = 4.0% rating | 20+ Pairs = 3.0% rating | 15+  Pairs = 2.0% rating | 10+ Pairs = 1.0% rating | Less than 10 Pairs = 0% rating 8.0% 8.00% AAAFX Provides 56 Forex Pairs = 8.0% rating
C.2 AAAFX CFDs CFD Trading on MT4 = 2.5% rating | CFD Trading on WebTrader = 1.5% rating | No CFDs = 0.0% 2.5% 2.50% AAAFX offers CFD trading = 2.5% rating
C.3 AAAFX CFDs on Futures CFDs on Futures = 1.5 % rating | No CFDs on Futures = 0.0 % rating 1.5% 1.50% AAAFX Offers CFDs on Futures = 1.5% rating
C.4 AAAFX Free Practice Account Practice Account = 2.0 % rating, No = 0.0 % rating 2.0% 2.00% AAAFX Provides a free Demo/Practice account = 2.0% rating
C.5 AAAFX Trading Leverage Leverage > 100:1 = 1.0% rating | Leverage > 75:1 =0.75% rating Leverage > 50:1 = 0.5% rating 1.0% 1.00% 200:1 max Trading Leverage = 1.0% rating
C.6 AAAFX Bonus/Rebate Promotions   5.0%    
C.6.1 AAAFX Welcome Bonus (%) Welcome Bonus >50% = 5% rating | Bonus >40% = 4% rating | Bonus >30% = 3% rating | Bonus >20% = 2% rating | Bonus >10% = 1% rating   2.00% 20% Welcome Bonus (Withdrawable, 20 lots per $100) = 2.0% rating
C.6.2 AAAFX Trading Rebate (%) Trading Rebate >30% = 5% rating | Rebate >25% = 4% rating | Rebate >20% = 3% rating | Rebate >15% = 2% rating | Rebate >10% = 1% rating | Rebate >5% = 0.5% rating   0.00% AAAFX Offers no trade rebates = 0% rating
C.7 AAAFX Min. Account Size Min Account < $100 = 2.00% | Min Account < $250 = 1.50% rating | Min Account < $500 = 1.00% rating | Min Account < $1,000 = 0.50% rating 2.0% 1.00% The min. deposit amount is $300 = 1.0% rating
C.8 AAAFX Number of Deposit Methods For every deposit method = 0.5% rating | max = 5 methods 2.5% 2.50% AAAFX offers 11 deposit methods = 2.5% rating
C.9 AAAFX Number of Withdrawal Methods For every withdrawal method = 0.5% rating | max = 5 methods 2.5% 2.50% AAAFX offers 11 withdrawal methods = 2.5% rating
C.10 Minimum Stop-Order Levels (in pips) 2 pips or less = 1% rating | 3 pips or less = 0.5% rating | 4 pips or less = 0.25% rating 1.0% 0.00% AAAFX offers 6 pips minimum stop-out order distance = 0.0% rating
C.11 (+) AAAFX ADJUSTING RESULTS        
C.11.1 Offering more than 100 Forex Pairs Offering more than 100 Pairs = 1.0 % rating / No = 0 % rating 1.0% 0.00% 56 Forex pairs = +0% rating
C.11.2 Paying Interest on unused funds Paying interest on Unused Funds = 0.50 % rating No = 0.0 % rating 0.5% 0.00% No = +0%
C.11.3 AAAFX Contests Contests = 0.25 % rating | No = 0 % rating 0.25% 0.00% AAAFX does not provide Competitions = +0.00% rating
D. AAAFX TECHNOLOGY MAX WEIGHT→ 16.0% 16.00% Rating the AAAFX Technological Efficiency
D.1 AAAFX Trading Platforms Availability For every Platform = 1.0% | max = three (3) platforms 3.0% 3.00% AAAFX offers MT4, the ZuluTrade platform, and the ZTP platform = 3.0% rating
D.2 Trading-On-Charts Offering Trading-On-Charts = 1.0 rating | No=0% 1.0% 1.00% AAAFX is offering 'Trading-On-Charts' = 1.0% rating
D.3 AAAFX Slippage on Execution Slippage < 1.00 pip = 1.0% rating | < 1.25 pip = 0.75% rating | < 1.50 pip = 0.5% rating | < 1.75 pip = 0.25% rating 1.0% 1.00% AAAFX Slippage on execution is less than 1.0 pip = 1.0% rating
D.4 AAAFX Automated Trading Allowance Automated Trading is Allowed = 2.0 % rating  / No = 0 % rating 2.0% 2.00% AAAFX allows automated trading = 2.0% rating
D.5 AAAFX MT4 Platform Availability MT4 is Provided = 2.0 % rating / No = 0 % rating 2.0% 2.00% AAAFX offers the MT4 platform = 2.0% rating
D.6 AAAFX Mobile Apps iOs= 1% rating | Android = 1% rating | Windows Mobile is 0.5% rating | max = 2% rating points 2.0% 2.00% AAAFX offers an MT4 App for iPhone and Android = 2.0% rating
D.7 AAAFX Allowing Scalping / Hedging Yes, both are allowed = 1.0 % rating | Only Hedging / Scalping = 0.5% rating | Both are Forbidden = 0 % rating 1.0% 1.00% AAAFX allows both Scalping and Hedging = 1.0% rating
D.8 AAAFX Customer Service 24/7 Support = 1.0 % rating | 24/6 Support = 0.5 % rating | 24/5 Support = 0 % rating | email support = 1.0% rating | Phone support = 1.0 %. | Live Chat support = 1.0% | Skype support = 1.0 % | Forum support = 1% | Call-Back = 0.5 % rating 4.0% 4.00% AAAFX offers 24/7 Customer support = 1%, via eMail, Phone, Live Chat = 3.0% | Total rating is 4.0%
D.9 (+) AAAFX ADJUSTING RESULTS        
D.9.1 AAAFX PAMM / MAM Accounts PAMM / MAM Accounts = +0.5% rating | No = 0 % rating 0.5% 0.50% AAAFX PAMM Accounts = +0.5% rating
D.9.2 AAAFX Free VPS Free VPS = +0.5% rating | No = 0 % 0.5% 0.50% The ZTP trade platform can run EAs without the need for a VPS
D.9.3 AAAFX API Trading API trading = +0.5 % rating | No API = 0.0 % rating 0.5% 0.50% API trading via the ZuluuTrade platform = +0.5% rating
    TOTAL AAAFX RATING 72.53%  

AAAFX LICENSES AND LEGAL INFORMATION

The broker is strongly affiliated with the popular social trading network ZuluTrade.

■ AAAFX is regulated by HCMC (Greece), Registration Number: 998281207, and controlled by the European MiFID

■ AAAFX covers up to 30,000 EUR per client in case of corporate insolvency (through HCMC)

 

 

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AAAFX Rating Review

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