AAAFx Spreads, leverage, minimum deposit Revealed

　　

Risk Warning

　　

　　Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

　　

General Information

　　

AAAFx Review Summary in 10 Points
Founded	2007
Registered Country/Region	No license
Regulation	Saint Vincent and the Grenadines
Market Instruments	Forex, indices, commodities, stocks, cryptocurrencies
Demo Account	Available
Leverage	500:1
EUR/USD Spread	0.1 pips
Trading Platforms	MT4/5
Minimum deposit	$100
Customer Support	24/5 live chat, phone, email, online messaging

　　

What is AAAFx？

　　

　　AAAFx, a trading name of Alpha Global Ltd, is a multi-asset broker founded in 2007 and registered in Saint Vincent and the Grenadines that claims to provide its clients with various tradable financial instruments with flexible leverage up to 500:1 and floating spreads from 0.0 pips on ActTrader, MT4, MT5, and ZuluTrade trading platforms via four different live account types, as well as 24/5 customer support service. However, it's worth noting that AAAFx currently operates without a valid regulatory license, and traders are advised to carefully consider the associated risks before engaging with the platform.

　　In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

　　

Pros & Cons

　　

Pros	Cons
• Multiple trading assets	• No regulation
• Demo accounts available	• Reports of difficulties in withdrawing funds and potential scams
• Flexible leverage options ranging from 1:1 to 500:1	• Regional restrictions
• Tight spreads	• Commission charged
• MT4 and MT5 supported
• Free deposits and withdrawals

　　

AAAFx Alternative Brokers

　　

　　There are many alternative brokers to AAAFx depending on the specific needs and preferences of the trader. Some popular options include:

• 　　TD Ameritrade - A reputable and well-established broker with a wide range of investment options, making it suitable for both beginner and advanced traders.

• 　　Interstellar FX - An unregulated broker with limited information available, caution is advised when considering trading with this platform.

• 　　JFD - A regulated broker offering a comprehensive range of trading instruments and platforms, making it a reliable choice for traders seeking a professional and transparent trading experience.

　　Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.

　　

Is AAAFx Safe or Scam？

　　

　　AAAFx currently has no valid regulation, but it claims to offer certain protection measures such as Negative Balance Protection. It's advisable to conduct thorough research and consider the risks associated with trading on an unregulated or partially regulated platform.

　　

Market Instruments

　　

　　AAAFx provides a diverse range of trading instruments to cater to the needs of its clients. Traders can access over 200 financial instruments, including major and minor currency pairs in the Forex market, popular stock indices from around the world, a selection of commodities such as gold, silver, and oil, a variety of individual stocks from different global exchanges, and even cryptocurrencies like Bitcoin, Ethereum, and Litecoin. This wide range of instruments allows traders to diversify their portfolios and take advantage of various market opportunities across different asset classes.

　　

Accounts

　　

　　AAAFx offers a range of account types to accommodate different trading preferences and needs. Traders can start by practicing their strategies and familiarizing themselves with the platform using a demo account, which allows them to trade with virtual funds in a risk-free environment. For those ready to trade with real money, AAAFx offers four live trading account options. The ECN account is suitable for most traders, requiring a minimum deposit of $100 and providing access to competitive spreads and fast execution.

　　The ECN Plus account is designed for more experienced traders, with a higher minimum deposit of $1,000 but offering lower spreads and additional features. The ECN Zero account is tailored for high-volume traders, with a minimum deposit requirement of $50,000 and offering even tighter spreads. Additionally, AAAFx offers an Islamic account for traders who adhere to Islamic principles, which operates in compliance with Sharia law.

	ECN	ECN plus	ECN zero	Islamic
Minimum Deposit	$100	$1,000	$50,000	$100
Minimum lot	0.01
Margin Call	100%
Stop-out	70%
Minimum Order Distance	No

　　

Leverage

　　

　　AAAFx provides flexible leverage options, allowing traders to choose the level of leverage that suits their trading style and risk tolerance. With leverage ratios ranging from 1:1 to 500:1, traders can effectively amplify their trading positions and potentially increase their potential profits.

Leverage	Nominal Trade Size	Margin Required
500:1	$100,000	$200
200:1	$100,000	$500
100:1	$100,000	$1,000
50:1	$100,000	$2,000
25:1	$100,000	$4,000
10:1	$100,000	$10,000
5:1	$100,000	$20,000
2:1	$100,000	$50,000
1:1	$100,000	$100,000

　　However, it is important to note that higher leverage also comes with increased risk, as it amplifies both potential gains and losses. Traders should exercise caution and carefully consider their risk management strategies when utilizing leverage.

　　

Spreads & Commissions

　　

　　AAAFx offers competitive spreads and commission structures tailored to different account types and trading instruments. The spreads are variable and depend on the chosen account type and trading instrument. On the ECN, ECN plus, and ECN zero accounts, the spreads start from 0.0 pips, providing traders with tight and competitive pricing. However, on the Islamic account, the minimum spread is slightly higher at 1.8 pips. For the popular EUR/USD currency pair, the spread is floating around 0.1 pips, indicating favorable trading conditions.

　　In terms of commissions, AAAFx charges commissions on certain account types, with the ECN and Islamic accounts having a commission rate of $2.5 per $100,000 traded, the ECN plus account with a commission rate of $1.5, and the ECN zero account with no commission.

	ECN	ECN plus	ECN zero	Islamic
Minimum Spread	0.0 pips			1.8 pips
Commission
Forex (per $100k)	$2.5	$1.5	$0	$2.5
Indices & Commodities (per $100k)	$2.5	$1.5	$1	$2.5
Stocks (per lot)	0.09%	0.08%	0.07%	1%
Cryptocurrencies (per lot)	0.001*Price	0.0008*Price	0.0007*Price	0.002*Price

　　

Trading Platforms

　　

　　AAAFx offers a range of robust and user-friendly trading platforms to cater to the diverse needs of traders. The popular MetaTrader4 (MT4) and MetaTrader5 (MT5) platforms are available for desktop, web, Android, and iOS devices. These platforms are well-known for their advanced charting capabilities, technical analysis tools, and automated trading options. Traders can access a wide range of trading instruments, execute trades with ease, and monitor their positions in real-time.

　　Additionally, AAAFx provides the ActTrader platform, which offers a user-friendly interface and a variety of trading features. The ActTrader platform allows traders to customize their trading experience and offers seamless execution of trades. For those interested in social trading, AAAFx supports the ZuluTrade platform, which enables users to follow and copy the trades of successful traders.

　　With AAAFx's diverse range of trading platforms, traders have the flexibility to choose the one that best suits their trading style and preferences, ensuring a smooth and convenient trading experience.

　　See the trading platform comparison table below:

Broker		Trading Platforms
AAAFx	MT4, MT5, ActTrader, ZuluTrade
TD Ameritrade	thinkorswim, Web Platform
Interstellar FX	MetaTrader 4
JFD	MetaTrader 4, MetaTrader 5

　　

Trading Tools

　　

　　AAAFx provides traders with a range of useful trading tools to enhance their trading experience. The trading calculators, including the Swap Calculator, Margin Calculator, and Pip Calculator, are valuable tools for risk management and position sizing. Traders can easily calculate their potential swaps, required margins, and pip values, enabling them to make informed decisions when executing trades. These calculators help traders assess and manage their risk exposure effectively.

　　Additionally, AAAFx offers an economic calendar, which provides essential market news, events, and economic indicators that can impact the financial markets. This tool enables traders to stay updated with upcoming events and make more informed trading decisions based on fundamental analysis.

　　Overall, AAAFx's trading tools contribute to a comprehensive trading environment that empowers traders with the necessary information and resources to make informed trading choices.

　　

Deposits & Withdrawals

　　

　　AAAFx provides traders with a variety of convenient deposit and withdrawal methods to cater to their diverse needs. Traders can choose from options such as bank cards, wire transfers, APM (Alternative Payment Methods), e-wallets, and cryptocurrencies.

　　The minimum deposit requirement is set at a low threshold of $10, making it accessible for traders with different budget sizes. Opening an account requires a minimum deposit of $100, ensuring that traders have sufficient capital to start trading. The minimum withdrawal amount is also set at $10, allowing traders to withdraw their funds as needed.

　　

Base currencies

　　: USD/ EUR/ CAD/ AUD

　　

AAAFx minimum deposit vs other brokers

　　

	AAAFx	Most other
Minimum Deposit	$100	$100

　　Importantly, AAAFx does not charge any commission for deposits and withdrawals, which adds to the convenience and cost-effectiveness of using their platform. While wire transfers and VIRTOALPAY deposits/withdrawals may take 1-2 business days for processing, other deposits/withdrawals are processed instantly, allowing traders to start trading without unnecessary delays.

　　See the deposit/withdrawal fee comparison table below:

Broker	Deposit Fee	Withdrawal Fee
AAAFx	Free	Free
TD Ameritrade	No deposit fee	$0 for ACH, $25 for wire transfer
Interstellar FX	No deposit fee	No withdrawal fee
JFD	No deposit fee	No withdrawal fee

　　Please note that fees may vary depending on the specific account type, payment method, and other factors. It's always recommended to check with the respective brokers for the most up-to-date and accurate fee information.

　　

Customer Service

　　

　　AAAFx places a strong emphasis on providing excellent customer service to its clients. Traders have access to a range of communication channels, including live chat, phone support, email, and online messaging, ensuring that assistance is readily available 24/5 from Monday to Friday.

　　The inclusion of a comprehensive FAQ section further enhances the self-help options for traders, allowing them to quickly find answers to common questions.

　　Additionally, AAAFx maintains an active presence on various social media platforms, including Twitter, Facebook, Instagram, and LinkedIn, where traders can stay updated with the latest news and announcements from the broker. The company's commitment to transparency is evident in the open disclosure of its physical address, establishing a level of trust and accountability.

　　Overall, AAAFx strives to provide prompt and reliable customer support, ensuring that traders receive assistance whenever needed and have access to relevant information through multiple channels.

Pros	Cons
• 24/5 multi-channel support	• No 24/7 customer support
• Availability of FAQs for common inquiries
• Active presence on social networks
• Open disclosure of company address

　　Note: These pros and cons are subjective and may vary depending on the individual's experience with AAAFx's customer service.

　　

User Exposure on WikiFX

　　

　　On our website, you can see that some reports of unable to withdraw and scams. Traders are encouraged to carefully review the available information and consider the risks associated with trading on an unregulated platform. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.

　　

Conclusion

　　

　　In summary, AAAFx offers a diverse range of trading instruments and account types, providing traders with various options to suit their needs. The flexible leverage and availability of popular trading platforms enhance the trading experience.

　　However, the lack of a valid regulatory license raises concerns about the safety of client funds. Reports of withdrawal difficulties and potential scams further highlight the risks associated with trading on this platform. While AAAFx provides convenient deposit methods and active customer service, traders should exercise caution and conduct thorough research before considering this broker. It is advisable to explore regulated alternatives with a proven track record of safety and reliability.

　　

Frequently Asked Questions (FAQs)

　　

Q 1:	Is AAAFx regulated？
A 1:	No. It has been verified that this broker currently has no valid regulation.

Q 2:

At AAAFx, are there any regional restrictions for traders？

A 2:

Yes. AAAFx does not provide services to residents of the USA, Puerto Rico, Quebec(Canada), United Kingdom, Sri Lanka, New Zealand, Japan, India, Afghanistan and to residents of OFAC sanctioned countries, and any other country or region where such services are contrary to local laws and regulations. Please note that this list is subject to change according to regional and international regulations, and as a result is not exhaustive. Additionally, AAAFx does not provide services to European Union and European Economic Area residents.

Q 3:	Does AAAFx offer demo accounts？
A 3:	Yes.

Q 4:	Does AAAFx offer the industry leading MT4 & MT5？
A 4:	Yes. It supports MT4, MT5, ActTrader, and ZuluTrade.

Q 5:	What is the minimum deposit for AAAFx？
A 5:	The minimum initial deposit to open an account is $100.

Q 6:	Is AAAFx a good broker for beginners？
A 6:	No. It is not a good choice for beginners. Though it advertises well, it lacks valid regulation.