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AzaForex -

Score

1.47 /10
Danger

AzaForex

Saint Vincent and the Grenadines

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://azaforex.com

Influence

C

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Comparison

Quantity 3

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index6.67

Risk Management Index0.00

Software Index4.00

License Index0.00

Open Account
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Broker Information

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Company Name

AZA PRO LLC

Company Abbreviation

AzaForex

Platform registered country and region

Saint Vincent and the Grenadines

Company website

Twitter

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Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 2
Previous Detection : 2024-09-20
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Exposure

3 pieces of exposure in total
Pyramid scheme complaint
Expose
Unable to Withdraw

Unable to withdraw

I deposited $500 and was unable to withdraw. They took my money away. Will they be punished?

FX2943651916
2021-08-10 04:23
Unable to Withdraw

Does not allow withdrawal

They did not let me withdraw more than $400 that I had in my account. The person made fun of me, because when I try to withdraw, it goes out of the account. my investment at the beginning was 600 pesos, and also the customer service they have is very bad

FX2298113204
2022-02-28 12:05
Scam

⚠️ BE WARNED!! ⚠️ AZAForex is manipulative & SCAM

I just took random short-term 30 sec trades I know I lose, but it helps for evidence purposes. Repeatedly I said 5 minutes, till 30 seconds trades are all manipulated and without a miracle impossible to win. With such big price manipulation and Scams. Look at this live example I took: how AZAForex manipulated and stole all my money.  Option: EUR/USD *Initial trade Open price: 1.08295 *Manipulated Open Trade close price 1.08307 *📈 Correct Chart close price 1.08286 👉PLEASE Pay Attention now: If Close price differences b/n the manipulated open option trade  1.08307 minus the correct chart close price 1.08286 gives us a 21 price difference. If AZAForex was a reliable platform and not manipulated, the close price on the correct chart reading 1.08286 must be the same as the open option trade close price. This means the Manipulated 1.08307 price must also close at chart reading price point 1.08286.  👉PLEASE pay attention again here: If the price was not manipulated and the open option trade close price was the same as the correct chart close price that is 1.08286 AND THEN  See above my initial strike point price of 1.08295 and the trade TYPE was Sell/Put the trade would have been WIN!! Due to this trade manipulation, I lost. *Trade type: 30 second  Trade close time: 15,32.07 Yes, this is how this thieving illegal AZAForex organization steals people's money.  I have been able to prove his illegality and theft time and time again. This was the exact information the screen showed before the trade ended: #ID: 2161813  (A) Open Price: 1.08336 #ID: 2161811 (B) Open Price: 1.08330 As soon as the trade ended, however, the numbers were changed and counted. The Open Price (A) number rose to 1.08349 and The Open Price (B) number moved higher to 1.08343.  Take a good look at the screen evidence.  This is how they blatantly cheat.  ONLY after-hours trades where the fraudulent staff are not live will likely yield results.  There is blatant fraud everywhere the survivors work.

FX3550740498
2024-07-09 05:47
AzaForex · Company summary

AZA Forex, established in 2016 and based in the Marshall Islands, offers a variety of trading services with over 100 financial instruments, including Forex, commodities, indices, stocks, and cryptocurrencies. But meanwhile, the biggest downside of AZA Forex is it remains unregulated, which poses risks to traders' investment protection.

Pros and Cons

ProsCons
High leverage up to 1000:1Uncertain Fee Structure(No specific commissions)
Low spreads from 0.00001 pips on ECN accountsLimited market coverage (No futures)
Variety of account types, including Start,Pro,VIP,Demo Account

Is AZA Forex Legit?

Found in the Marshall Islands, AZA Forex is an unlicensed broker. Although it provides innovative systems and certain trading services, the absence of control is risky to client's investment protection.

Is AZA Forex Legit?

The official website of AZA Forex is set in 2016, but is prohibited now.

Is AZA Forex Legit?

What Can I Trade on AZA Forex?

AZA Forex provides many different kinds of financial instruments in numerous spheres.

Tradable InstrumentsSupported
Forex✔
Commodities✔
Indices✔
Stocks✔
Cryptocurrencies✔
Futures❌
What Can I Trade on AZA Forex?

Account Types

Along with a Demo account, AZA Forex offers Start, PRO, and VIP accounts as among various live account options. It does not support Islamic accounts.

Account NameMin. DepositSpreadCommissionLeverageBest For
Start$10.0001NoUp to 1000:1New traders
PRO$2,0000.00004YesUp to 1000:1Experienced traders
VIP$10,0000.00001NoUp to 1000:1High-volume traders
Demo--No-Beginners (Virtual funds)
Account Types

AZA Forex Fees

Especially in terms of spreads and commissions, AZA Forex provides rather inexpensive fees when compared to industry norms.

AZA Forex Spreads and Commissions

Spreads differ among accounts; the VIP account has the lowest available range. The Start and VIP accounts do not incur commissions; the PRO account does.

AccountSpreadsCommissions
StartFrom 0.0001No
PROFrom 0.00004Yes
VIPFrom 0.00001No
AZA Forex Fees

Trading Platform

Trading PlatformSupportedAvailable DevicesSuitable for
Mobius Trader 7✔Web, Windows, Mac, iOS, AndroidAdvanced traders need custom tools and strategies
MetaTrader 4✔Web, Windows, Mac, iOS, AndroidBeginners due to simplicity and widespread use
MetaTrader 5✔Web, Windows, Mac, iOS, AndroidExperienced traders requiring more advanced features like deeper market analysis and additional order types
TradingView❌--
Trading Platform

Deposit and Withdrawal

AZA Forex does not charge withdrawals or deposits fees. The kind of the account will determine the minimum deposit needed.

Deposit OptionsMin. DepositFeesProcessing Time
Bank Transfer$1NoInstant
Cryptocurrency$1NoInstant
E-wallet$100NoVaries
Credit/Debit Card$300NoVaries
Deposit and Withdrawal
Deposit and Withdrawal

Promotion

Promotions from AZA Forex range from up to a 25% Crypto Bonus to a 120% Loyalty Bonus and fee coverage for withdrawals. Rebates—a CD bonus for long-term investors—as well as free VPS services for VIP accounts help traders.

PromotionDetails
Crypto BonusUp to 25% bonus when depositing funds with cryptocurrency. Minimum deposit from $5 up to $30,000. Can be used for margin requirements and trading.
Loyalty Bonus120% bonus on additional investments to increase working capital. Helps support margin requirements and protects against Stop Out.
CD BonusLong-term investors can withdraw from $200 to $2,000. Passive profit with no limitation on own funds and protection from Stop Out.
RebateReceive up to 30% of the spread or $50 per 1M USD traded. Supports margin requirements, with no restrictions on withdrawing rebates.
VPS ServicesFree VPS for VIP accounts. Increases trading speed and ensures a stable connection with modern hardware, available 24/7.
Article BonusEarn a $10 no-deposit bonus for writing unique articles about forex. Unlimited number of articles and accounts. No hidden fees or commissions.
Fee CoverageAZA covers deposit fees from $100 for E-wallets and cryptocurrency, $300 for cards, and $1,000 for bank transfers through exchanges.
Promotion
Promotion
Promotion

Customer Support

AZA Forex offers sufficient channels of 5/24 client support. Some users still want 7/24 availability even if the support is sufficient.

Contact OptionsDetails
Phone+44 7700 100833
Emailinfo@azaforex.com
Support Ticket System✔
Online Chat✔
Social MediaTelegram: @azaforex
Supported LanguagesEnglish
Website LanguageEnglish
Physical AddressTrust Beach Lodge Apartment, Marshall Islands
Live Chat✔
Contact Form✔
Customer Support

The Bottom Line

AZA Forex provides competitive spreads and diverse account options, making it a potentially attractive choice for traders seeking flexibility. However, the uncertain commissions fee structure deters some traders. Its best suited for experienced traders who prioritize low spreads and advanced trading tools over regulatory security.

FAQs

Is AZA Forex safe?

No, AZA Forex is not controlled, hence there is danger.

Is AZA Forex good for beginners?

Yes, for AZA Forex provides a Start account with a minimal minimum deposit and quite cheap spreads(0.0001).

Is AZA Forex good for day trading?

Yes, its competitive spreads and quick execution fit day traders.

User Reviews

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FX1354276292
more than one year
Reliable company! I had a very good impression of the company. A large selection of trading instruments, and high speed of order execution - that's what I like about AzaForex. In addition good analytics on the website.
Reliable company! I had a very good impression of the company. A large selection of trading instruments, and high speed of order execution - that's what I like about AzaForex. In addition good analytics on the website.
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2023-03-10 12:19
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