aaafx

AAAFx broker is a forex and CFD brokerage with an ECN execution model that has been operating since 2007 and is headquartered in Greece. Low-commission accounts, free VPS and ZuluTrade support are among its strengths, but for Iranian traders there is one major obstacle. In this overview, we cover AAAFx's license, accounts, platforms, payments and risks based on Teagle's data.

What kind of broker is AAAFx?

With about 19 years of history, AAAFx provides access to currency pairs, indices, commodities and cryptocurrencies, and more than 170 trading symbols are recorded for it in Teagle's table. The broker emphasizes fast trade execution, transparency and infrastructure based on Equinix servers. Negative balance protection and holding client funds in segregated accounts are also among the features the Teagle analyst has recorded for AAAFx.

AAAFx licenses and credibility

According to Teagle's latest review, AAAFx holds one active license: HCMC Greece (Hellenic Capital Market Commission) with number 998281207. This body is Greece's capital market commission, and Teagle's risk index also uses this license as the basis for its calculation. However, in the cons section the Teagle analyst mentions "offshore regulation in the Union of the Comoros," which is not recorded in Teagle's list of licenses; so before signing up, you should ask which group company your account will be opened under. To understand the difference in the level of protection between these two types of license, read the guide broker regulation and how it is graded .

Does AAAFx serve Iranians?

No. According to the broker's official statement, AAAFx currently does not serve users residing in Iran, even on its global domain. The Teagle team's review shows that this explicit ban effectively rules out account opening and legitimate identity verification for users inside the country, and there is no sign of Persian support or services specifically for Iranians either. The Teagle analyst stresses that using false identity information to get around this restriction carries the risk of the account being blocked and losing access to your capital. On this risk, see the article brokers banned for Iranians and how to choose a safe broker .

AAAFx trading accounts

AAAFx offers four accounts, all with leverage up to 1:500, a 70% margin call, a 50% stop-out and no requotes:

• ECN account: minimum deposit $100, raw spread from 0.0 pips and a commission of $2.5 per side;
• ECN PLUS account: minimum deposit $1,000, spread from 0.0 pips and a commission of $1 per side;
• ECN ZERO account: minimum deposit $100, no commission and spread from 0.6 pips;
• Islamic account: minimum deposit $100, no commission and spread from 0.0 pips according to Teagle's table.

The low commission on the ECN accounts is attractive for high-volume traders; to compare this model with standard accounts, read the article ECN accounts in forex .

AAAFx platforms and services

Trading at AAAFx takes place on MetaTrader 4, MetaTrader 5 (Windows, Android, iOS and web versions), ActTrader and ZuluTrade. Scalping, hedging and running several expert advisors at the same time are allowed, and according to the broker's response, its infrastructure is designed for fast trade execution; if you are a scalper, review the article scalping in forex . Additional services are also extensive: bonuses, education, copy trading and social trading, PAMM, an IB program, an economic calendar, calculators, a specialized glossary and a free virtual server; we have explained the use of a VPS in the article what is a VPS in forex .

Deposits and withdrawals at AAAFx

Only one payment method is recorded for AAAFx in Teagle's data: cryptocurrency (Bitcoin, Litecoin and Ethereum). The minimum deposit is $100 and the minimum withdrawal is $10, deposits are instant, and the only cost of deposits and withdrawals is the blockchain network fee. Withdrawal time depends on network congestion. User feedback on withdrawal speed is mixed; many have been satisfied with fast withdrawals, but some have reported long delays.

AAAFx rating and risk on Teagle

AAAFx's final rating on Teagle is 2.8 out of 5: Trustpilot 4.5, Forex Peace Army 2.9, Teagle analyst 2.8 and WikiFX 1; Teagle users have not posted any reviews yet. The Teagle Eye risk index for this broker is 39 out of 100, in the "low to medium risk" category; the HCMC license and its long history work in its favor, while its average credibility ratings work against it. See where it stands in the ranking of low-commission brokers .

Pros and cons of AAAFx broker

• Pro: free VPS and support for ZuluTrade and ActTrader alongside MT4 and MT5
• Pro: negative balance protection and holding funds in segregated accounts
• Pro: low commission and freedom to scalp, hedge and use multiple expert advisors
• Con: no services for residents of Iran
• Con: the Teagle analyst's mention of offshore regulation in the Comoros and uncertainty about the contracting company
• Con: no Persian website or support, and mixed feedback on withdrawal speed

Who is AAAFx suitable for?

In Teagle's view, AAAFx suits professional traders outside Iran who need ECN execution, low spreads, scalping and expert advisors. It is not a suitable option for traders residing in Iran, users who need Persian support, or those who want a wide range of symbols. If you are outside Iran, weigh it up in the AAAFx vs. XGLOBAL comparison .

Conclusion

AAAFx has an acceptable record in terms of trading conditions, especially its low commission and technical features, but its explicit ban on serving Iranians makes its advantages irrelevant for users inside the country. If you live in another country, start with a small amount, make a test withdrawal and follow the latest warnings on the investment risk warning page .