NOTE: March 2011: Fake reviews as well as a large amount of spam advertising AAAFX and ZuluTrade have come in from Pakistan.
The FPA does not appreciate spammers.
AAAFX is an online forex broker. AAAFX offers the MT4 and ZuluTrade forex trading top platforms. AAAFX.com offers over 50 currency pairs, indices, oil, and metals for your personal investment and trading options.
Definitely a dealing desk broker. Very high slippage. They do not honour your stops which are filled with big slippage of 20-30 pips.
Misleading broker and changing rules during the game. Very very poor processing, though they have 3 people available supposedly available 24/7. Took a week to process opening of my account, they don't say upfront that the bonus is not the one advertised but it's actually up to that amount, advertised leverage 3000 but it is 500 and actually not 500 cause it's 200 and actually is not even 200 cause the margin doubles cause brexit. And there is comission + spread. Do youreself a good and get another one.
Well... 15 days ago I made a withdrawal order via SEPA bank transfer. Still not accounted in my bank account.... I called from the registred mobile and I get one message about thechnical issues. I then called from a non registered mobile and got a different message that does not stated anything about technical issues...
I hope to see my money cashed in no much longer than 15 days.
Dear Dr. Kumar,
Thank you for sharing your experience online. Your comments gave us the opportunity to publicly present all the necessary information regarding the case you have brought forward.
In AAAFx, the protection of our clients’ capital remains our prime goal. For security reasons, all credit card deposits are subject to a clearance procedure, which in our case is being executed by a 3rd party processor (Skrill.com).
Your case was handled properly by our Support team Director who ordered an immediate investigation in order to unveil the reasons why your deposit was not received on time to prevent the Stop Out from happening.
The results of this investigation were communicated to you, based on which, your deposit was not received in AAAFx due to a technical issue on their end at the moment of the clearance process. The funds were returned back to you after a few days.
As a result, the Stop Out on the 04th December 2015, was down to normal trading activity at the time, with the available balance at your account, and the standard margin requirements applied. AAAFx cannot be held liable for the losses that occur to any account due to a Stop Out that has occurred due to lack of sufficient margin. This is key information and is not hidden. In the contrary, it is posted not in small print but clearly and explicitly on the Terms of Service section of our site.
Despite the fact that AAAFx was not responsible for the losses your account suffered from, in token of goodwill and in terms of client satisfaction, we offered remedy, your complaint was resolved to your satisfaction and the case was considered as closed with your agreement.
Last but not least, I would like to remind you that AAAFx is an EU licensed and regulated Broker, registered under HCMC and is MiFID compliant. As such, the level of investor’s protection is of the highest standards worldwide.
Once again Mr Kumar, thank you for giving us the opportunity to provide the necessary clarifications to your comments.
AAAFx Quality Assurance Team
they are worst broker they are collaborated with zulu trade, and they are asking me to contact each others once they scammed me. i made deposit but my money did not go into my trading account. i selected instant deposit but still it did not come into my trading account. and my position got closed due to margin call. it was last month NFP day. according to them they did not reach to skrill since they processes through skrill but i used instant deposit on zulu platform, i got letter from bank stating it was made deposit to the merchant AAAFX but they kept saying they did not get money and finally they reversed back my money into my bank account after 10 days. their platform have always some issue once you make deposit my other two payments was hold for more than 30 hrs because due to their platform.their hedging policy is very unique and different than all other brokers which is against to traders because they want traders to loose money that is why they hold your deposit so your account will get close due to margin call. i do have all evidences please FPA help me to recover my losses its already been more than one month but they are saying we are investigating but in fact they are not.help desk gives false information.more funny part of this broker is they are regulated by some greek regulatory body where you cant make complain because site is in greek language so if you do not understand greek language you cant make complain. that is why they are doing very successfully their scam operation without any fear.please stay away. definitely you will loose money whenever your account will go to margin call and you will try to support your account by funding, your deposit will be delayed, and your position will get closed due to margin call. they charge highest commission in market you can compare with others broker commission then you can realize the difference. i am trying to make complain to zulu to NFP i am just waiting for few more hours before office will be opened. thanks guys please do not do any business with zulu or AAAFX.
run fast from this dealy desk operation. they claim they are stp but not true
Very good broker with excellent performance, support and feed. I trade EUR/USD execution and spreads are tight. Every time I have questions they are there for me. I recommend it blindly, especially for Europe citizens.
Avoid, avoid, avoid.
A trade was stopped out but price was no closer than 20 pips from my stop during a non-volatile period with low volumes. Their explanation was volatility, but this was not reflected even on the 1min charts. They may not have invented spread widening, but they have perfected it. Sunday night gap trades are impossible due to 20+ spreads even on EURUSD, GBPUSD, USDJPY, etc.
They provide no news feed to the news tab on the MT4 platform so reasons for unexpected volatility has to be found on other news channels which can waste a lot of time.
Demo trading platform does not reflect the high commissions charged per live trade and high rollovers eat further into profits for carried trades. These fees can be 20-30% for smaller trades and scalping is uneconomical. Today I lost 20% of my profits due to the fees excluding spreads.
And lastly, their site offers nothing. No support. No analysis. No news. In short, they offer nothing but a very expensive trading platform. Don't be misled by low spreads during London/New York sessions as they hit you with commissions per trade.
Find a broker with reasonable spreads and no commissions and keep more of your profit.
No requotes, exellent entries on news/when volatility, very nice support, no problems with withdrawal, adequate comissions, many pairs availaible to trade. Have problems only on crosses such as USD/NOK, USD/SEK.
These are scam brokers, everything was ok, but I now get constant random off quotes! Really be beware of these guys. If the market is volatile, they will just not place orders.Or it will place, but not at price.
2015-05-13 2Star Marketed as no requotes, however can take up to 5 seconds to place a trade, bad slippage. (This is using a VPS with 0.08 m/s ping). Withdrawal is fine though. Not recommended overall.