Is AAAFx a good broker?

Hi everyone)I am just thinking these days about opening a live account with AAAFx .Has anyone here have some an experience of trading a live account with AAAFx? If yes ,are they good in trading,withdrawls,deposits etc.So far i have read many positive reviews about AAAFx on forums but again it,s quite hard to believe who is saying the truth or who belongs to the working staff of AAAFx.So that,s why i have opened this thread.
Secondly AAAFx is regulated by MiFID (Markets in Financial Instruments Directive) ,is this regulatory authority is trustworthy or it,s another joke like CySEC?
Thanks and waiting for your replies.
Safe Trading.

Hi,

AAAFx was my first broker (when I tried Zulutrade at that time), and NO it is NOT a good broker (uneless it has changed since 3 years, but I doubt it)
Mifid is not a regulatory body, it's just a directive that says that a broker has to work and execute trades in the best interest of the customer which is exactly what AAAFx does not (in fact they do the exact opposite) so it's a big joke that AAAFx claims to respect Mifid directive. If I'm not wrong, they are regulated by Greek central bank, or a greek based regulator.

That's not very objective, but AAAFx are from Greece, and I was a customer just when Greece debt problems and the fact that they tricked their accounts to enter the EU came out. And I really feltthat time that AAAFx was as honest as their government was: Cheat, cheat again and lie when needed.

Deposit and withdrawal may be OK, at least I didn't have any problem on this side. But they play some hard games when it comes to execution, and it is VERY noticeable after a while. I was a beginner at that time, and had never heard of virtual dealer which they may definitely been using. What they do is NEVER give you positive "slippage", but very often negative one, and not a small one. In fact, we can't even talk of slippage anymore in this case: When they are OK with your trade, they may open or let you close it pretty quickly. But often, they will wait until your trade is opened or closed (when you hit the button at market): Several seconds very often, several 10s of secnds often, and even MINUTES sometimes !!! They will wait enough time for the price to go AGAINST you, and give you the worst price of all the time you waited. If unfortunately (for them) the price went not against you after 2 or 3 minutes, but went in your favor during all that time, they will abandon and give you the price you clicked initially on

And they are playing another game: They will tell you that it is a mistake or a technical problem (usually they blame their liquidity providers, it's not their fault), and that they will compensate the problem.They openly advertise that they compensate such problems. And they do ! They will make you fill a form, with lot of details and questions, and after 2 weeks of "investigation" they will credit your account back. So at first you're pretty happy, but after filling 3, 5, 10 forms, you see that this "problems" only get worse, and you can only spend time make claims when it's big enough, not for every pip they rob (when you understand it's not mistakes at all) you (and yes, we are talking of PIPS, not just 0.x pips). They do it hard enough to take, I would say, beetween 1 and 2 PIPS per trade roundturn on average !!!

I managed to have PENDING orders opened 20+ pips from the asked price ! (That was maybe a real mistake), but at the time of the hard USD/CHF fall, I had some market trades often opened 10+ pips from the price I clicked on with above described technique.

And when it comes to trades executed from a Zulutrade service provider, it's even far worse, as it's harder to notice and to track.

They are paying you a nice 10% bonus on your deposit with not too much trades to do ... But you are far paying it with their "slippage", trust me. With BONUSES, you have to do the math: How much of the spread do the broker give you back according to how many trades you have to do. If it's low enough, it may be a nice promotion to give you back some of their profit margin to attract you. If it's too high, there IS a trick, it's the story of "too good to be true"...

AAAFx is a broker to stay away from in my opinion.

Hello there, I would like to also share my experience with the above broker.
I have been trading with them for the past two years more or less, both manually and copy-trading with zulutrade.
I was also looking upon the regulations and can tell you that I was also a bit perplexed when it came to that, but then I looked into it more closely and saw that all EU brokers do comply on a local level, so based on the due diligence they asked me when I opened my account and the docs they asked me for I can say they are doing a pretty good job on that. Therefore the regulatative body they have to comply by, well, strict and serious one.

Now lets talk executions - manually I haven't executed any- mt4 is pretty much running smoothly. Mevo, you are kidding minutes delay - are you sure it wasn't your connection - i am sure the mt4 terminal keeps all the trading activity up to date..

and reverting on the slippage - slippage occurs only among following traders and sometimes it does happen when the brokerage houses on the two ends - follower/trader are different, however, if it is quite abnormal, I have had a case of reexaming the trades and being reverted the difference (by an Alpari case at that time). it has nothing to do with the bonuses the slippage.... also if you noticed slippage only occurs in high market volatility conditions and usually if you noticed that it is quite reduced lately - almost with all the brokers. For me AAAFx is a GREAT brokerage house with serious buisiness going with satisfactory trading conditions.Always talking from my experience.

I have not dealt with AAAFx personally. But looking at online reviews I could tell you that they have received a good amount of positive reviews. Trading conditions and client support has been appreciated by many.
My point is, always google for reviews, then you can see the company’s quality

Hello there, what happened with your AAAFx account ? Did you open one, at least I hope? Hope trading is amazing and results are amazing.

Hello there, what happened with your AAAFx account ? Did you open one, at least I hope? Hope trading is easy and results are amazing.

Hello all, I am also having a aaafx account - happily for the past 2 years on and off.
Really good trading results especially with zulutrade. Not only -trading feed is also good!

@domingo & teylorw: Sure, 2 accounts having ONLY posts advertising AAAFx and Zulutrade is very credible
You really have to be one of the worst broker in the world (which is the case) to do such things...

Mevo, why do you say so? What is your experience with it?
And it is not true, I also have an account with alpari.uk and fxopen, but that's for manual trading.

You know that anybody can see all your previous posts by just clicking your nickname, don't you ?
16 posts... *ALL* advertising Zulutrade and AAAFx, come on, stop the BS.
If you're not smart enough to do something less obvious, stop doing it...
Even the way you tell how great AAAFx and Zulutrade are is obvious (and on top of that, they really are NOT that great)

Of course I know that Mevo! Of course, it goes without saying.

I just have nothing to discuss about my other accounts. Its simply open/close trading..when zulutrade is a bit more complex.
If you don't like it, simply don't read- you are not obliged to do so..
Cheers and happy pipping!

I never trade using AAAFX, I ten to trade uisng manuel the project........

Good broker when you are losibg trader. But when you win there is a problem - connection 'problems' when big market moves. This week I had twice such problems and no compensation at all! They said that all is Ok at their side, but I was unable to log in... Virtual dealer and so on. I just made 350% profit at them... So, If they continue such techniaues I will post all message history and screensnaps I have.

Typical scam broker. When you start to win, They just turn your account OFF )
No accoount no problemo. Classical SCAM. STAY AWAY.

Hi folks,

I was trying their demo and notice the spread on Eurusd as wide as 10 pips. How can ECN be so wide?

Cheers

A picture explain everything:

They have just 1 server for the world, if you are at the opposite of the planet, you have bad connection, bad ping, slippage.

When you post the picture, they try to intimate you. (My post on forexpeacearmy have be removed) They have staff to check every forum, to remove the bad review, or try to explain why.

I do not have an account with them but my students that once used their services did complain of horrible services. Huge spread (at least double compared to other brokers).Poor deposit and withdrawal processes.

Dear mathtrader,
Thank you for your comments. Let me please clarify a few things:

AAAFx offers 2 different pricing schemes regarding Spreads:
The first scheme is the Commission-based model which is applied by default to all accounts upon activation. In this case the spreads are lower and a fixed commission applies to all transactions. The commission depends on the lot size of the trade opened and the base currency of your account.
On the link https://aaafx.com/spreads, you will find the average spreads applied per currency pair with the commission-based model.

This model presents various advantages such as:

Lower spread, with zero markup
Easier and more effective scalping strategies
Increased execution benefits on Stop/Limit
Transparent commissions

On the other hand, AAAFx also offers a Spread-based model. In this case, there are no commissions applied however the spreads will be slightly increased.
Transparency is one of our core values. Thus, we offer Demo accounts that imitate the real market conditions under which a live account would operate. You can try out a Demo account and get the exact same experience you would have with a Live account!

Regarding deposits, we would like to point out that we offer many payment methods to suit your needs. Check out here: https://aaafx.com/Deposits.aspx.

Last but not least, our withdrawal policy is also clear: all requests are executed within 1 business day! No delays, no hidden costs, all clear and transparent!
And of course, we offer Live Support (https://aaafx.com/contact) throughout the trading week so that our clients can make the most out of their trading accounts and get instant replies to any question or inquiry they may have!

I'm wondering if anyone here trades copies (Zulu trade)

regulated broker, kyc, seems that they are ok. but copy trading can be dangerous because of spreads: after an order is opened it took years after in servant account order will be copied. don't know what's here. anyway for trading they look good.