AAAFx review - regulations, trading platforms, instruments and ratings.

I chose AAAFX because I trade with zulu-trader, because of zero commissions and no spread markup. So far so good, I have very close results compared to the providers I follow, other people using other brokers say they get too much slippage, but I am ok.
Got my 10% bonus when required lots where completed with no problems.
Also support is really friendly and willing to help.

On 3th July 2019 AAAfx contacted me through email stating the reason for the delay in executing my withdrawal request was the fact that they "have established a new legal entity "AAAFx International SVG" where all our clients have been transferred so that they can enjoy better conditions... However, as this change is in progress and a lot of of admin issues need to be completed." and also giving me the assurance that my funds were safe and would be sent back to me within the next days. I accepted their explanation.

Another email on 10th July 2019 informed me that "Your withdrawal has successfully been executed. Attached you can find the transaction receipt." Today 13th July 2019 all my money has been returned to my Credit Card.

Since I have accepted their explanation and received all my money, it is appropriate for me to amend my previous negative review on their service. I would, therefore like to retract my previous warning on AAAfx and amend the rating of their service to a 3 Star (Average).

Jun 27, 2019 - 1 Star I have a pending withdrawal since 14 June 2019. The status of my withdrawal is still "requested" and the balance is still showing in my trade account which means it has not been processed yet (after 13 days!!!)

I have been contacting the Support every few days inquiring and requesting for immediate attention, but I have not received a word from their Finance section until now. The Support staff know nothing except to ask me to wait to be contacted every time.

Years of experience with other brokers such as XM, Hotforex, FXTM, I have never encountered any such delay and bad communication, their withdrawals have always been quick. From the looks of the recent negative feedback on withdrawals on AAAfx, the prospects are not good.

My word of advice- STAY AWAY FROM AAAFX AND THEIR ASSOCIATE COMPANY ZULUTRADE!

I will update the progress of my withdrawal.

These people are thieves! I asked for the remaining balance of my account to be wired to me. They claim they have sent the money, however they are unable to provide any sort of receipt with internationally recognized transfer confirmation numbers. They say they sent the money, but they HAVE NOT sent the money. It's been more than 10 days since the transfer request, my bank does not have the money. I shared the supplied receipts with my bank and they just laughed. They do not contain any information that will aid in tracking down the transfer. They claim they've used an intermediary bank, but will not supply the details. My money is gone ... most likely still in Greece ... along with the thieves that run this scam, sham of a company. Beware of depositing any funds with this broker ... if you do ... consider it GONE!

Today, on November 23, I received $ 336 from my broker in my bank account. Broker apologized for the delay. All claims against the broker, I will cancel. Good luck to the broker and his clients.

Nov 19, 2018 - 1 Star My trading account at AAAFx international 302191
AAAFx international is owned by AAAFx.
The company AAAFx international was created to leave the regulator ESMA
I wrote a letter to AAAFx international company that I want to make a withdrawal of $ 336 in a bank account.
In response - silence. From November 2 to November 12, I wrote 7 letters - in response to silence. No answer, no money.
November 12, I wrote a letter to the company AAAFx
I received a reply from them that they contacted Formax and are waiting for an answer about my withdrawal.
Today is November 20th. AAAFx responds: they are waiting for a response from Formax.
I do not recommend AAAFx broker. They created a company AAAFx international, which does not respond to my letters and does not make a withdrawal.
AAAFx writes letters to Formax to make a withdrawal.
Very strange scheme. Very similar to fraud.

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.