Broker AAAFx

[vladrus]

I take the liberty to add this broker since its not in the broker's list

Characteristics:

16 currency pairs
MT4 compatible
Spreads: variable, around 2.4 on EUR/USD
Leverage: 200:1
Minimum deposit $300
Location: Greece
EU regulated

Mind that i dont have a personal experience from this broker, if you have any please share it with us.

[screw]

Doesn't this broker own Zulu Trade, or the other way around?

[vladrus]

zulutrade seems to promote this broker more than the others. So they either have a special deal (aaafx pays more or advertising deal etc) or its like what you say
Either way id like to hear from someone that uses them if what they promote is actually a fact...

[adam2011]

zulutrade seems to promote this broker more than the others. So they either have a special deal (aaafx pays more or advertising deal etc) or its like what you say
Either way id like to hear from someone that uses them if what they promote is actually a fact...

Minimum deposit 300$ ??? doh .. i know a broker which its minimum deposit 10$ .. encourage the beginner traders ..its called Wall Street Brokers

[vladrus]

Well if you want to do something serious with forex you should start with at least $1000.
With less you cant even make enough for a coffee...

[Torvo]

AAAfx? never heard of them either, new brokers cropping up every day it seems

[adam2011]

Well if you want to do something serious with forex you should start with at least $1000.
With less you cant even make enough for a coffee...

Well .. if u r a beginner trader .. would u start with a 1000$ ??

[vladrus]

If you are a beginner the initial capital doesnt matter imo. Just trade only micro-lots and dont open many trades until you get how things "work", platform, settings etc.
After you feel more confident you can risk more.

[adam2011]

If you are a beginner the initial capital doesnt matter imo. Just trade only micro-lots and dont open many trades until you get how things "work", platform, settings etc.
After you feel more confident you can risk more.

If I don't have that sum of money to start ? Forex Market should be open for everyone, rich & poor, would I steal 1000$ to start trading & I might lose them?? Not a logic man.

[vladrus]

forex is open to everyone ofcourse, also forex brokers have low deposit requirements to attract customers from all ranges...
I just state an amount that would make me feel safe, to be able to withstand DDs of like 500pips and not hit margin call. With $300 im not sure you can do this.
But you can trade with just $300 if you only open 1-2 trades at a time and a stop at max 150. But dont expect to make much

[adam2011]

forex is open to everyone ofcourse, also forex brokers have low deposit requirements to attract customers from all ranges...
I just state an amount that would make me feel safe, to be able to withstand DDs of like 500pips and not hit margin call. With $300 im not sure you can do this.
But you can trade with just $300 if you only open 1-2 trades at a time and a stop at max 150. But dont expect to make much

I know what you're talking about.
e.g. a new trader to forex wants to start, all he have got is 1000$, he won't risk with the whole 1000$ for the first time till he sees how market goes and then he raises his deposit, thensay he's gonna start for 100$, if it works good with him he'll put more money, right ?
So thats what I'm talking about, all brokers should have low deposits & Micro accounts, the broker I deal with its minimum deposit is 10$.

[thefxguru]

This looks like a brand new broker, brand new brokers scare me.

[vladrus]

I think the main reason one should choose aaafx is because of its "integration" with zulu...else the services provided are the same (in some cases worse) than other brokers.

[cirrus]

Someone needs to do an official synopse on the AAAFx and ZuluTrade.com connection.

[DickP]

Someone needs to do an official synopse on the AAAFx and ZuluTrade.com connection.

Does it really matter, you have no idea the amount of connections between this company and that one, everyone pats each others back, except brokers, most brokers don't like each other obviously unless they are subsidiaries.

[vladrus]

A short review about this broker:
I am testing a small 300euro account with them. Regardless of my account performance, I noticed that this broker has a fairly competitive spread during euro market time. EUR/USD was 2 to 2,3 pips, GBP/USD 2,7 pips, EUR/JPY 3,5 pips.
The account had fast execution of signals and also no re-quotes.
If you add the no commissions feature to connect to zulutrade, I think its a fair deal and this may explain the connection these two companies have.

[ACE]

I guess they are worth the shot then, what is minimum deposit?

Your 300 euro account, what kind of return has it seen using those zulu pproviders, do you trade micro lots?

[vladrus]

Well the account isnt going good because I was experimenting with it and I opened too many lots. But it is 100% my mistake, I aimed for high ROI and didnt calculate too well the margin I had available.
The reason I opened with aaafx was to see if they do what they advertise and so far they do.

[tab]

Someone needs to do an official synopse on the AAAFx and ZuluTrade.com connection.

Who cares really

[Tammany]

A short review about this broker:
I am testing a small 300euro account with them. Regardless of my account performance, I noticed that this broker has a fairly competitive spread during euro market time. EUR/USD was 2 to 2,3 pips, GBP/USD 2,7 pips, EUR/JPY 3,5 pips.
The account had fast execution of signals and also no re-quotes.
If you add the no commissions feature to connect to zulutrade, I think its a fair deal and this may explain the connection these two companies have.

Let us know how it goes.