aaafxRegistration

AAAfx broker is extremely strict with the registration process and requires quite a bunch of official documents in order for you to receive an account. The sign up process seems time-consuming and very demanding:

Copy of valid ID or password

Copy of recent Proof of Residence (utility bill, bank statement)

Copy of Proof of Income (income tax return)

Copy of Employment Status (employment contract, pay slip)

The last two documents are an unusual request among forex brokers, especially for account opening.

On top of that, the deposits via credit and debit cards above $1,000 require another set of documents including copy of the card itself and recent card statements.

Payment

Minimum deposit requirement is $300 and account can be opened in USD, Euro, Japanesse Yen, Australian Dollar, Pound Sterling and Swiss Franc.

Payment methods include Credit/Debit Cards, Moneybookers (Skrill), EPS, iDeal, GiroPay, DirectPay/Sofort, TeleIngreso , Przelewy24.

Both deposits and withdrawals are subject to fees. For example, deposits via Credit/Debit card are charged 2.95% fee and Moneybookers deposits are charged 2.95% + 0.29€, while for withdrawals a flat fee of $25 is applied.

This is great way to ensure that you make bigger deposits right from the start (to avoid the overcharge) and withdraw once in a blue moon. After all, imagine that you made couple of hundreds. Most likely you will keep the profit in the account, because withdrawal fee will take away $25 and with the next deposit you need to pay almost 3% in commissions!

Trading Conditions

Broker provides MetaTrader 4 platform. There is an option of Auto Trading with the link to ZuluTrade. Currently AAAfx doesn’t support mobile trading.

AAAfx allows you to trade Micro lots (1k). Islamic accounts (swap-free) are available to all citizens of Islamic countries.

Leverage is up to 200:1; however please note that new accounts are by default with 100:1 leverage, which can be changed upon request. Contact the support team to adjust the leverage to your liking.

Hedging, scalping and EA are allowed. The broker provides No Dealing Desk execution.

Spreads on majors start from 1.9 pips. For a complete spreads table refer to the broker’s official website.

EUR/USD

1.9 pips

USD/JPY

1.9 pips

GBP/USD

1.9 pips

USD/CHF

1.9 pips

EUR/CHF

2.8 pips

AUD/USD

2.2 pips

USD/CAD

2.7 pips

NZD/USD

2.7 pips

EUR/GBP

2.3 pips

EUR/JPY

2.1 pips

GBP/JPY

2.7 pips

CHF/JPY

4.7 pips

GBP/CHF

3.1 pips

EUR/AUD

3.5 pips

EUR/CAD

4.6 pips

AUD/CAD

3.4 pips

AUD/JPY

2.7 pips

 

Each individual trader can open up to 10 accounts. Aside standard accounts, AAAfx also offers Corporate, Institutional and PAMM accounts.

Support

Customer service is available via email, live chat and phone. Broker’s website is available in English, French, German, Spanish, Italian, Russian, Chinese, Hebrew, Arabic and Greek.

 

 

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