AAAFX Forex Broker

[blink 10]

AAAFX is a rather new broker, mainly associated with zulutrade.

I have a micro live account with them, because i wanted to see how it works with zulu, since they claim they are directly integrated with them and there is minimal slippage.

 

I have to say that so far most things go well. Slippage is low, the most ive seen is 2pips on some news trades, spreads are around 2.5pips on majors. And there is no extra commission for connecting to zulutrade.

I will update this thread.

If anyone has more experience with this broker, please share.

[supertrader 10]

Hi, no personal experience with them, but im a zulutrade user and zulu seems to promote them more than other brokers.

So i was also wondering if its worth switching with them? Do they make a difference with the big brokers, eg FXCM, FXDD etc?

[engillis 10]

blink, how has it been going with AAAfx and Zulutrade these past weeks? I've been running demo on ZT for a few weeks, and I'm looking for the best broker to use for a live account.

 

I'm based in the US. Are you?

 

Thanks!

ENG

[blink 10]

Hi!

Im very careful and conservative in my trading, my main concern was if I would have high slippage or connection problems. So far I have a slippage of max 2 pips and no disconnections so far. My provider is doing around 3 trades/day, i think this is enough to keep my balance safe.

Im located in Czech Republic, but I think AAAFX also accept US residents...i dont know you may have to ask them first

[basell 10]

Hello

I have a account with this broker and its look fine. On their website AAAFx. You can find live chat -where they can answer on each question.

 

I have question if someone have a islamic account (no-swap) with this broker? And if can compare if spread is the same or bigger at the same time?

[blink 10]

Ive asked them and they said they will still accept US accounts despite the CFTC regulation, with 200:1 leverage and hedging.

As far as performance, my account is slowly growing, not something impressive, but as I said im trading very conservatively

[basell 10]

I foun that mostly the spread is lower then 2,4 pips (1,8-2,2) on EUR/USD. On the other paar is similar.

Its funny that they have many addresses like aaafx.it, aaafx.de, aaafx.us but no so many translations

[blink 10]

Yes their spreads are variable. And so many addresses, I think they are just registered domains, so they dont have to buy them from...domain hunters

[basell 10]

And You have a swap or no-swap account ?

[blink 10]

Swap account. As I said, im pretty satisfied so far.

[basell 10]

Hi

I have Live account from 4 months on AAAFx.co.uk. Previously I had an accounts at InterbankFx, Oanda and FxPro.

Generally I'm positive surprised with this broker. The spread on EUR/USD is a little big (generally 1,8-3 ) but on the other pairs its quite good ( GBP/USD is around 3 pips, GBP/JPY around 4-5 pips). By this time I made 380 transaction and have no one requotes (but sometimes on heavy movements ,but very rare , the open price is lover/higher (about 10 pips) then in moment when I was sending orders). Even in this situations that is much better then to have many requotes (as it was with InterbankFx or Oanda and now often with FxPro). Through this fast movements the spreads are not so match wider on AAAFx.co.uk account than it was with Oanda and Interbank. FxPro was very good at the beginning but now is much worse (I hope that AAAFx.co.uk don't plan to go the same way).

I found this broker (AAAFx.co.uk) as a good propositions to start on forex market (for more experienced users it can be a little low number of instruments - without indexes, futures, metals and so on). For beginners and this people ho don't have a time to search the good possibilities to open the positions themselves it can be interesting connection with Zulutreade.com - this broker don't make You spread wider after connection (as is with other brokers). But always You must remember about Money Management and control the positions - on Zulutreade.com providers are only a people (with all advantages and disadvantages)

[KalixMOR 10]

Do you know what's the spread during night for example on the popular EUR/GBP ?

[basell 10]

I'll check it out in the coming days. From Sunday to Monday as similar too the other brokers is wider then normal. Personally, I do not play this pair but I will check it.

[basell 10]

Hi

Yesterday night spreads on aaafx.co.uk was:

batween 20-22 (GTM) was 2,7 - 5 pips (5 pips was occasionally main was 3- 3,9 pips)

between 22-6 (GTM) I'll check 4 times and it was 2,7-2,9 pips

[blink 10]

I get the same spreads on euro prime time.

Also have you tries their iphone app?

[basell 10]

No I don't use Iphone

[supertrader 10]

Hi,

I use the iphone app, but only for my demo, I dont have a live account with them.

It seems to be working ok

[basell 10]

Hi

They reduced spreads in all currency pairs. Examples:

EUR/USD 1.5 pips

EUR/JPY 2.1 pips

GBP/USD 1.9 pips

USD/JPY 1.9 pips

USD/CHF 1.9 pips

 

And now they have more language versions: aaafx.de, aaafx.es, aaafx.it and more

[blink 10]

Good move! Im currently testing to see if the spreads are actually so low and so far it seems so

[blink 10]

Update:

Their average spreads during Euro trading time are:

EUR/USD 2.0

EUR/JPY 2.5 I saw a bit more during news releases

GBP/USD 2.1

 

Havent had time to test during US or Asia trading hours

[supertrader 10]

Are these from the live or demo MT4?

[blink 10]

Spreads are from aaafx MT4 live micro-lot account

[supertrader 10]

Thanks for all the info, I think Ill try this broker to see how it goes! Will let everyone know ofcourse

[blink 10]

Update:

Got a mail saying that they also added CFDs, oil, gold and silver, but not through the zulutrade platform. So anyone thats interested in trading these products and have an account with them, can do it

[supertrader 10]

It would be interesting to see zulutrade providers trading CFDs, metals

Hope they add it in the future