AAAFx Review – Even With Regulation Something Doesn’t Add Up
Triple A Experts Investment Services S.A. is the official owner of this trading brand since 2007. They successfully operate in FX and CFD markets worldwide. Most importantly, they don’t have any warnings but they have some negative reviews.
To see what might be the potential issue with this broker, keep reading our latest AAAFx review.
|Company||Triple A Experts Investment Services S.A.|
|Platforms||MT4, MT5, ActTrader, ZuluTrade|
|Spread||From 0 pips|
|Review Rating||Average 4.6 on Trustpilot|
Regulation and Security of AAAFx
The key point for traders nowadays is regulation. This brings way more comfort into the trading journey. But not all regulations are as strong as Tier 1. The importance comes even more into play when the broker is registered in Europe. Like AAAFx broker.
Indeed, upon search of the FSCA (South Africa) database, but also HCMC (Greece) this trading company was there. But also, the company should comply with some European general trading rules. European Securities and Markets Authority (ESMA) requires all FX and CFD trading companies to allow leverage a maximum of 1:30. Thus, AAAFx trading company allows up to 1:500.
Instead of having way stricter Tier 1 licenses like FCA, BaFin or CONSOB, this company opted for some other. Thus, for a company that is regulated, they have more than enough reviews pointing at withdrawal issues. Be aware of this potential problem if you choose this broker.
AAAFx Trading Platform
In terms of trading tools, this company has quite a solid coverage. Traders can choose between:
- Meta Trader 4
- Meta Trader 5
- Zulu Trade
- Act Trader
In general, all platforms provide micro-lot trading, hedging, scalping and EAs. However, this company claims that Act Trader is the most convenient one. But it’s hard to believe that such a platform is better than industry-leading MT5.
But if you take a look at AAAFx broker reviews, you will see why they promote other software. Firstly, because of insanely high spreads. But even if we exclude that, traders are reporting shamelessly high withdrawal fees. So, whatever you make with this broker, there is a potential that you will give it back.
Bonuses and Promotions Offered by AAAFx
There are numerous ways how traders get rewarded with brokers. Thus, for European brokers bonuses are only an imaginary thing since they are banned by many regulators. Thus, the AAAFx broker still has such an offer. Bonuses are very tricky because the company has specific policies.
Let’s resume first and see what they offer. Firstly, traders can get a 100% welcome bonus. But also, the company has a promotion “refer and earn”. Where for every trader brought to the company, you are rewarded with bonus funds.
However, to withdraw those funds you have a clause. This clause states that traders can withdraw bonuses only upon reaching 45% of eligible lots for trade. Whereas 1 eligible lot values for $100K. So, if you deposit $10.000 that’s 4.500 lots. But 4.500 lots multiplied with $100K for every lot, that’s $450M. Upon reaching that amount you can withdraw $10.000. You decide if that’s fair.
Deposit and Withdrawal Procedure
As for funding options, this company has a variety of options. Starting with:
- Visa cards
- Wire transfers
- e-payments Skrill, Neteller, VirtualPay, FairPay
- APMs PayRetailers, Fair Pay, Help2Pay
- Crypto transfers
With many different options, we always suggest traders to use debit or credit cards. In case anything goes wrong they can file a chargeback.
Here comes the interesting part. The company claims not to have any fees for withdrawals. But AAAFx reviews wouldn’t say the same thing. Actually, traders are reporting a fee of $25 for every withdrawal.
AAAFx Account Types Offered
With AAAFx broker traders can choose between 4 account types:
- ECN Plus
- ECN Zero
Generally speaking, the offer is nothing better than any other Tier 1 licensed broker. We already mentioned irregularities with a leverage of 1:500. Also, they advertise spreads from 0 pips. But those are not fixed, so it can be 4pips and they are still covered. Be aware of word-mind games.
How Does AAAFx Work?
Companies like this mainly gain traders through recommendations. But it’s not rare that new clients are obtained through online campaigns and social media.
Once you become their client, the goal is to make as much money as possible. However, according to many AAAFx reviews, it looks like the company is the only one making profits. Whether through commission or withdrawal fees. Which, by the way, they claim not to have.
AAAFx broker is on the market for a long time indeed. However, for 15 years of existence there are very few customer reviews. Even though they have regulations, they are not from the Tier 1 group. The implementation of regulations is seen through the company withdrawals. Whereas traders report high withdrawal fees, while the broker claims not to have any.
Let us know if you had any issues with this broker. Even if you need fund recovery assistance our expert team is available. In any case, you can have your first consultation for free. Get in touch today.
FAQs About AAAFx Broker
Is AAAFx a Good Broker?
Considering their regulation, yes, but AAAFx reviews are pointing in the other direction.
AAAFx Broker Minimum Deposit?
The minimum deposit is way under the industry average and traders can start already with $10.
Does AAAFx Broker Offer A Demo?
Yes. Through multiple platforms, traders can get a demo account. Which is good for testing.