Is AAAFx Scam or Legit Broker?

Based on our research we conclude – AAAFx is a fraud and not a safe Broker. The vast number of complaints from the traders in regards to the performed operation disappoints, which share some of the “broker tricks” while trading, as well as numerous operational,  misleads along the misleading information at the official source.

About AAAFx
🗺️ Registered inGreece, SVG
🗺️ Type of LicenseAuthorized, Offshore License
🛡️ Is AAAFx safe to trade?No
🗺️ Recommended LicensesFCA in UK 🇬🇧 & ASIC in Australia 🇦🇺
🖥 Alternative BrokerFP Markets - licensed by ASIC in Australia

What is AAAFx? 

AAAFx is an online Forex broker with its headquarters in Athens that claims to be regulated in Europe and offers an exceptional trading experience with outstanding customer support. According to the website and proposal, Broker offers wide solutions to Forex trading with 0 commissions and attractive opportunities with global regulations and registrations.

  • However, not everything seems to be that good as it said within the brokers’ operation.
  • Moreover, it is not clear enough how exactly the company is regulated, since the authorization is received from the local bank, thus which kind of rules they do comply with and if in general their services are supervised. 
  • In addition, one of the industry-leading regulators of the Forex industry CySEC (Cyprus) published a warning statement that the firm is regulated by another jurisdiction and thus are not authorized to provide its services.
  • Overall, AAAFx might be a good broker with nice selecction of the trading paltforms and instruments range, however we found false claims of the Broker to be regulated and legit, whille in fact it is not, even based in Greece which is a part of EU. Due to its location, the broker Must hold EU license, but AAAFX doesnt, besides we found numerous complaints from the traders revealing their negative experience and tactics of how the Broker scammed them.

AAAFX Review

Overall AAAFx Ranking 

Based on our finds and regulation issues of AAAFx our Expert Opinion with over 10 Years of experience in Forex Trading, we do not rank positively AAAFx offering.

  • AAAFx Overall Ranking is 2 out of 10 based on our testing and compared to 500 other brokers, see Our Ranking below compared to other popular and industry Leading Brokers.
RankingAAAFxHFMFP Markets
Our Ranking⭐⭐⭐⭐⭐⭐⭐⭐
Is Broker safe?NoYesYes
AdvantagesNonePlatformsEducation

AAAFx Alternative Brokers

Due to our finds and issues with the safety, unregulated nature and complaints for AAAFx here we select much better Alternatives to AAAFx. We select Good trustable Brokers withh excellent conditions for your comparison below: 

  • HFM – Good for CopyTrading
  • FXTM – Good for Beginners
  • AvaTrade – Good for Currency trading

Trading Instruments

There is a wide trading offering found, that covers high level of leverage, a constantly updated offering of trading instruments with 70+ Currency Pairs, while before Broker didnt have Cryptocurrencies, now it included Bitcoin, also with possibilities to auto trade or use industry-leading MetaTrader4.

Besides, the broker offers Binary Options, which is considered one of the most risky offerings and is restricted in many jurisdictions. Binary options can put your capital at the highest risk.

Trading App

AAAFx provides good selection of trading platforms and apps including popular and industry known MT4 and MetaTrader5, also WebTrader. We found some good research tools and analysis included. However, due to some fraud evidence, there is no guarantee on real market execution, especially considering Binary Options trading, means all operations are controlled by the Brokers and are not transparent enough. 

AAAFx Review Conclusion

Since trading involves significant risks we hardly advise all traders notwithstanding their expertise level, to select broker carefully from the list of regulated brokers. The strictest authorities alike ASIC (Australia) or FCA  (UK), as well other respected organizations require strong implementation of customer protection and standardized performance, thus the clients will trade under safety with the most possible level of protection.

  • Overall ranking and experience for AAAFx is Negative

 

No news available.

23 responses to “AAAFx”

  1. The spread for the EUR/USD pair typically hovers around 0.3 points. When I am scalping, the tight spreads have proven to be an effective tool in assisting me in having better trade entries. The spreads are tight on average, and the commission rate is approximately $2.5 per 100k trade volume

  2. tight spreads, withdrawals to the card are supported, but as i undestand usdt withdrawals are not accepted for now. overall recommend

  3. tight spreads, withdrawals to the card are supported, but as i undestand usdt withdrawals are not accepted for now. overall recommend

  4. I want to share my impression of trading with AAAFx. It’s been only 6 months but I can tell that they are just good at what they do. Low on cost, solid support and multiple trading platforms. I really recommend it.

  5. I have been trading many varieties of forex and stocks. The trading conditions seem okay for now. Withdrawals have also been fast so far. Not to jump to a quick conclusion, I will wait for a few more months to see how the service would continue to be

  6. Registration was fast; it took less than 3 minutes. The KYC verification process was also easy. My withdrawals have been smooth. I made two quick withdrawals just to test the speed and cost. It is free and it is also granted on the same day. This is only my second month, and I wish to find a home here

  7. The good broker to trade news. I’ve added fast VPS and now trade a few month. NFP is going without issues (the result depends only of my fortune)

  8. I started trading with them one year back and their services just keep getting better. Happy and satisfied client!

  9. Broker reimburses my offsite VPS cost
    When I started with this broker, I already had my offsite VPS, and when I informed them the support volunteered to reimburse part of my monthly cost. This is a great move by aaa Forex

  10. This broker has no commission but high leverage for non-EU clients.
    AAAFx offers cheap deposits, withdrawals and great services. They also offer global clients fast trading with a maximum leverage of 1:500, but on their website they only indicated 1:30. I think they should have mentioned it somewhere on their platform. Risks are increasing – be careful when trading here.

  11. fast order execution but no market insights on the platform. I can trade on the go but without information on the platform it defeats the purpose of trading on the go. I think the broker should do better in this department.

  12. this broker does not offer good educational material, no peer-to-peer trading, and no spot trading. However, the broker does have good safety features like SSL encryption for the site and negative balance protection which is quite important these days. I cant say I have experienced anything astounding about this broker.

  13. This broker says it does not charge commissions on withdrawals and deposits but when I withdrew via visa I got slightly less than what I withdrew this is because the bank (third party) did charge me.

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