Key Takeaways

  • Part of the Triple A Group (owners of ZuluTrade).
  • Easy integration with ZuluTrade.
  • Regulated in Europe and in compliance with ESMA rules.
  • Accepts account deposits in BTC.

AAAFx Overall rating

Ranked 66 out of 1759 (Forex Brokers)
Overall rating is derived from an aggregate of ratings in multiple categories.
Rating Weight
Real customer rating 3
Pricing rating
Not rated
Customer Support
Not rated

We start our AAAFx review pointing out that this CFD broker can be a good alternative for investors looking for a secure broker - European clients only - with good regulations in place, and respecting the best safety guidelines regarding clients' funds. Also, positively, AAAFx is a partner of ZuluTrade - a copy trading service very popular with the trading community - so integration is easy and swift, and in fact, AAAFx is the recommended broker by several investors.

On the downside, the AAAFx broker fails to increase its popularity with traders, mainly due to 3 important factors. The overall cost of trading, not the most competitive when compared with other top brokers, the non-existence of a good range of forex educational materials, and its lack of a better financial regulator for the international clientele.

AAAFx Regulation / Money Protection

Company Licenses & Regulations Segregated Client Money Deposit Compensation Scheme Negative Balance Protection Rebates Max. Leverage Retail Clients
Triple A Experts SA up to €30,000 30 : 1
Alpha Global Limited 1000 : 1

Opening a trading account with AAAFx is possible with any of its two regulated entities, one dedicated to the international clientele and one regulated according to the ESMA rules. Let's see the regulations of each entity separately:

International regulation
: Alpha Global Limited (AAAFx International), trading as AAAFx, and with registered address at Suite 305, Griffith Corporate Centre, P.O. Box 1510, Beachmont Kingstown, St. Vincent and the Grenadines, will be the counterparty for international customers. Alpha Global Limited is registered in the St. Vincent & the Grenadines as a Business Company, and is regulated by the nation island Financial Services Authority (FSA), under licence number 25849BC2020.

Europe regulation: AAAFx (owned by Triple A Experts SA), with address at Akti Kondili 14, Pireas 185 45, Greece) is an Investment Services company based in Greece, authorized and regulated by the Greek Hellenic Capital Market Commission (HCMC), with licence number 2/540/17.2.2010 (also used by ZuluTrade).

The HCMC licence allows the Triple A Experts SA group of companies to carry out, and offer, brokerage services in Europe, including the reception and transmission of orders on behalf of clients, orders execution on behalf of clients and investment consulting, as an intermediary in the financial markets, respecting the MiFID obligations.

Client Money Protection

AAAFx complies with the highest safety standards for client's funds. For this reason, AAAFx client's funds are kept in top-tier international banks, such as the Hellenic Bank and the Royal Bank of Scotland, fully segregated from the company’s funds.

AAAFx also complies with strict client money handling rules and employs policies and procedures regarding the maintenance and operation of these accounts. AAAFx holds client's money separately to the company funds and does not use these funds for any operational expenses or purposes.

Deposit Compensation

Triple A Experts SA (trading as AAAFx in Europe) is a member of the Greek Investment Guarantee Fund (IGF), an investor compensation fund for clients of Greece's based financial companies, supervised by the Hellenic Capital Market Commission, and set according to the European Directive 93/22/EEC.

If Triple A Experts SA is unable to meet its financial obligations, clients might be entitled to compensation - up to the value of €30,000 per claim - irrespective of the number of accounts held, deposit currency and place of offering of the investment service (within Europe).

Negative Balance Protection

European clients of Triple A Experts SA (AAAFx in Europe), and International clients of Alpha Global Limited (AAAFx International), can enjoy an extra layer of protection, as both entities have a default Negative Balance Protection mechanism in place.

With Negative Balance Protection, AAAFx clients are protected, in case of extreme market volatility, from any losses bigger than their account equity balance.

AAAFx Web traffic

Organic monthly visits 70,109 (85%)
Organic traffic rank 178 out of 1759 (Forex Brokers)
Paid monthly visits 12,399 (15%)
Total monthly visits 82,508
Bounce rate 36%
Pages per visit 3.90
Average visit duration 00:03:01.0830000

AAAFx Profile

Company Name Triple A Experts S.A
Categories Forex Brokers, Cryptocurrency Brokers
Primary Category Forex Brokers
Year Founded 2007
Headquarters Greece
Office Locations Greece
Account Currency AUD, CHF, EUR, GBP, JPY, USD, BGN
Client funds bank Royal Bank of Scotland
Support Languages Arabic, Chinese, English, French, German, Greek, Italian, Portuguese, Russian, Spanish, Vietnamese
Funding Methods Bank Wire, Bitcoin, China Union Pay, Credit/Debit Card, EPS, Giropay, iDeal, Neteller, Przelewy24, QIWI Wallet, Skrill, Sofort, TeleIngreso
Financial Instruments Forex, Shares, Indices, Bonds, Oil/Energies, Cryptocurrencies, Metals, Soft Commodities (coffee, sugar...)
24 hour support
Segregated Accounts
Islamic Accounts
Accepts Canadian clients
Accepts Japanese Clients
Non expiring demo
Trading API
Cent accounts
Negative balance protection
Social trading
Regulatory deposit insurance
Trailing stops
Interest on margin
Fixed spread
Variable spread

AAAFx is an online CFD broker, part of the Triple A Experts SA group (the same owners of ZuluTrade), headquartered in Athens, Greece. Founded in 2007, as the trading arm of the group, AAAFx is regulated as an FCM in Europe, with registration no. 2/540/17.2.2010, and in compliance with the new institutional framework on MiFID (Markets in Financial Instruments Directive).

With offices in 6 different countries, and currently employing 70+ people, the company has successfully registered thousands of live accounts with traders from 176 countries across the globe. AAAFx mission, as an online broker, is to provide customers, and global investors, access to the world's largest, and most liquid markets, by offering innovative trading tools, meeting strict financial standards and striving for the best online trading experience in the market.

With that in mind, AAAFx main focus is to provide customers an exceptional trading experience and an outstanding customer support, with an in-house live customer support in 11 languages, and a dedicated trading desk, operational 24 hours/ 7 days a week.

Trading with AAAFx can be done via the classic Metatrader 4, available as a desktop terminal and complemented with the mobile versions for Android and iOS, and with AAAFx proprietary, web-based, ZTP platform. AAAFx ZTP platform offers many unique functionalities, and is fully-integrated with ZuluTrade's ZuluScripts.

AAAFx Asset classes

As an online CFD broker, AAAFx offers a limited selection of about 200 tradable financial instruments, divided in 5 asset classes: forex, indices, stocks, commodities and cryptocurrencies.

FX market: 35 currency pairs, including all major pairs, and some minor and exotic crosses.

Indices: 10 world indices CFD, including the CAC 40, the UK 100 and the NIKKEI 225.

Stocks: 146 stocks CFD from DOW30 and Nasdaq, including worldwide top companies and banks, such as Mastercard, JP Morgan, Intel, Citigroup and Boeing.

Commodities: 6 commodities CFD available for trading; 3 metals - including Gold and Silver - and 3 energies, including UK Oil and US Oil.

Cryptocurrencies: 5 cryptocurrencies CFD crosses available for trading, including the BTC/USD, LTC/USD and XRP/USD.

AAAFx Account types

  Personal Corporate Institutional Zulu*
Commission10USD/ 9EUR / 1200JPY/ 13AUD/ 10CHF/8GBP Per Side Per Lot3USD/ 2.75EUR/ 350JPY/ 4 AUD/ 2.75CHF/ 2.5GBP Per Side Per Lot10USD/ 9EUR / 1200JPY/ 13AUD/ 10CHF/8GBP Per Side Per Lot
Maximum leverage30:1
Mobile PlatformMT4 Mobile
Trading PlatformMT4, Proprietary
Spread TypeVariable Spread
Minimum Deposit300100000300
Minimum Trade Size0.010.10.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts
Commission 10USD/ 9EUR / 1200JPY/ 13AUD/ 10CHF/8GBP Per Side Per Lot
Maximum leverage 30:1
Typical Spread 0.2
Trading platform MT4Proprietary
Mobile platform MT4 Mobile
Spread type Variable Spread
Minimum deposit 300
Minimum Trade Size 0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts
Commission 10USD/ 9EUR / 1200JPY/ 13AUD/ 10CHF/8GBP Per Side Per Lot
Maximum leverage 30:1
Typical Spread 0.2
Trading platform MT4Proprietary
Mobile platform MT4 Mobile
Spread type Variable Spread
Minimum deposit 300
Minimum Trade Size 0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts
Commission 3USD/ 2.75EUR/ 350JPY/ 4 AUD/ 2.75CHF/ 2.5GBP Per Side Per Lot
Maximum leverage 30:1
Typical Spread 0.2
Trading platform MT4Proprietary
Mobile platform MT4 Mobile
Spread type Variable Spread
Minimum deposit 100000
Minimum Trade Size 0.1
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts
Commission 10USD/ 9EUR / 1200JPY/ 13AUD/ 10CHF/8GBP Per Side Per Lot
Maximum leverage 30:1
Typical Spread 0.2
Trading platform MT4Proprietary
Mobile platform MT4 Mobile
Spread type Variable Spread
Minimum deposit 300
Minimum Trade Size 0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

AAAFx offers three types of trading accounts, Classic, Profit Share and MT4. These accounts are divided in two package levels, Retail and Institutional. All the account types and package levels share the same spread structure, but have different trading commissions, fee's structure and with minimum deposit requirements.

The Classic account is suited for investors that wish to perform both manual and copy-trading. The Profit Share account is indented exclusively to copy-trading through the ZuluTrade Platform, and MT4 exclusively for manual trading.

AAAFx also offers swap-free accounts for traders of Islamic belief and PAMM accounts alternatives for money managers, via ZuluTrade.

Regarding leverage, AAAFx maximum ratio is 30:1 for accounts opened with the European entity and up to 500:1 for accounts opened with AAAFX international entity (subject to a maximum of $50K account balance, thereafter 200:1 max leverage).

Currently, AAAFx trading accounts are available in USD, EUR, YEN, AUD, GBP, CHF and Bulgarian Lev (with AAAFx Europe only).

AAAFx Demo account

With an AAAFx demo account traders can compare the broker to its peers, for its product offering and trading conditions. An AAAFx demo account is also useful for forex beginners, to learn and practise their trading skills, without taking any risks with real money.

To access the AAAFx demo account, traders need to complete a simple registration form and provide the broker with some basic information. However, traders do not need to upload verification document(s) to AAAFx until they are ready to trade live.

AAAFx demo accounts are available only with the MT4 trading platform, but investors can demo trade several financial instruments – forex, indices, stocks, commodities and cryptocurrencies. Traders can also create a a ZuluTrade Demo Account to experience the ZuluTrade's autotrading platform.

An AAAFx demo account is 100% risk-free, the money on the demo account is virtual – and so are the winnings and losses – but allow access to the markets where traders can practice, and experiment with different trading strategies, in a safe environment.

Register for free and test your trading strategies, open an AAAFx demo trading account with no risk and no obligation.

*Please note - AAAFx demo accounts have a rolling expiration policy – demo accounts will expire in case no trades, or logins, were made within a 14-day period.

AAAFx Pricing

Account/Pricing Classic Profit Share MT4
EUR/USD Spread
  • from 0.3 pip
  • from 0.3 pip
  • from 0.3 pip
EUR/USD Commission (1 lot)
  • from $20 - Retail
  • from $6 - Institutional
  • from $20 - Retail
  • from $6 - Institutional
  • $30 Monthly Subscription Fee
  • 20% Performance Fee on Profits
  • from $5 - Retail
  • from $3 - Institutional
EUR/USD Swap rate
  • Long: -3.04
  • Short: +0.89

Spreads and trading commissions

AAAFx trading costs are not the best when compared with other players in this industry. The starting spread for the most popular cross, the EUR/USD pair, on all trading accounts, is 0.3 pip, with an average of 0.5 pip, plus commissions. AAAFx trading commissions will vary depending on the account type and package. On that note, the trading commissions for retail clients are extremely expensive when compared with other brokers, thus, substantially increasing the overall cost of trading with AAAFx.

Taking the EUR/USD again as our example, AAAFx trading commissions for 1 lot, or 100,000 currency units, with a Classic account or a Profit Share account, connected to ZuluTrade, is 20 USD (10.00 USD per side, per lot). Or the equivalent on the trader's account currency.

We consider this trading commission to be one of the highest in the sector, when compared with the industry's average of 6 USD per round lot, applied by the majority of brokers. In contrast to the Classic account, the Institutional account is far more attractive. Again, for the EUR/USD pair, the trading commission for 1 lot is a much lower 6 USD (3 USD per side). The only problem? Investors need a minimum account balance of 100,000 USD to qualify for institutional privileges, which will represent a handicap for several traders.

While in the past AAAFx was focusing mainly on offering accounts for copy-trading via ZuluTrade, luckily, the broker has recently launched a third account type, the MT4. This account type uses the same spread structure, but the trading commissions are much more competitive.

For the same pair in our example, the EUR/USD, the trading commission for 1 lot for retail customers is 5 USD (2.50 USD per side), and the trading commission for 1 lot for institutional customers is an even lower 3 USD (1.5 USD per side).

The MT4 accounts are available for investors opening an account with any of the group entities and they are intended to be used exclusively for manual trading. Clients who sign-up for this account type with AAAFx will not be eligible for copy-trading through ZuluTrade.

Rollover rates

AAAFx swap rates as of 26-07-2021, and for the EUR/USD, stand at -3.04 for holding overnight a long position of 1 lot and at +0.89 for holding overnight a short position of 1 lot. We consider AAAFx rollover rates to be slightly higher for the long positions and about average for the short positions, when compared with other online brokers.

AAAFx Deposits / Withdrawals

Deposit fees: Trading accounts can be opened in 6 different currencies (plus Bulgarian Lev in Europe) and maintained via 15 different funding methods. With the traditional deposits via debit/credit cards and bank wires, AAAFx also accepts deposits with the most popular e-wallets such as Neteller, QiWi or Skrill, and Bitcoin.

AAAFx, unconventionally, does charge deposit fees, in a time when almost every online broker sustains the deposit fees charged by cards and wallets providers. AAAFx deposits fees are variable depending on the funding method.

For example for an Instant Deposit via bank card a 2.5% flat fee applies, for Neteller a 3.4% + $0.29 flat fee applies. For Moneybookers a 2.95% + €0.25 (or equivalent for deposits on USD, GBP, JPY, AUD and CHF) processing fee applies. Surcharges (from 0.5% to 1%).

Minimum deposit: Opening a trading account with AAAFx can be done online, taking around 15 minutes to complete the required forms. AAAFx minimum deposit requirement is $300, €250, ¥35,000, £200, Fr250, and 370 AUD for a Retail account package and $100,000 for an Institutional account package.

Withdrawal fees: AAAFx also charges withdrawals fees. All withdrawals are subject to a 25 USD flat fee for USD accounts (€25, ¥3,000, $30 AUD, £17 and Fr25 for EUR, YEN, AUD, GBP and CHF accounts respectively) which will be applied to the withdrawal amount.

No fees apply on withdrawals for amounts received via Instant Deposit bank cards. For a complete view of the broker's fee structure, please visit the AAAFx deposit and withdrawals fees dedicated page.

Inactivity fee: Currently, AAAFx does not charge any inactivity fees or any other account maintenance fees.

AAAFx Popularity

With several thousand clients from across the globe - according to their corporate website - AAAFx, as an online CFD broker, is failing to capture the attention of new traders. Positively, the broker is updating its product offering with a more competitive account type.

But, negatively, its higher-than-average pricing, the lack of adequate trading education materials, and ultimately, as the tier-5 St. Vincent & The Grenadines FSA has still to implement stronger protective measures to safe-guard investors, could all be decisive factors when traders are looking for a broker.

Popular trading accounts: The AAAFx MT4 account is becoming the popular choice with traders looking to save on trading costs, with a lower spread and a competitive commission of $5.00 per lot traded.

Trading education

AAAFx loses some extra popularity points for their lack of forex education materials. Nothing is available on the broker's website to help new, and existing traders, understand the markets or how to trade them.

Research & education materials available on AAAFx website
FX Courses - money management, how to trade the markets, etc.
Market Analysis - daily or weekly market reports
Webinars - live, online trading education with experts
WebTV - live video stream of financial news
Trading Videos - trading education videos
Trading eBooks - trading education literature
Trading Strategies - technical analysis strategies
Trading Tools - calculators, economic calendar, etc.
Market Signals - suggested buy/sell entries with TP and SL levels


What is AAAFx ZuluTrade?

ZuluTrade is an online social and copy trading platform founded in 2007 by Leon Yohai and Kosta Eleftheriou, which allows users to copy other forex traders and share their strategies with them.

In fact, if you create a ZuluTrade account to trade online, you will have the opportunity to copy the strategies of the portfolios created by the traders you follow, or create your own portfolio and trading strategy for your followers. Traders with followers will receive a compensation commission based on the popularity of their trading strategies and number of followers.

AAAFx fully integrates the advanced auto-trading platform, ZuluTrade, as the Triple A Experts SA Group owns both companies. With ZuluTrade you will be able to customise, fully manage your account and protect your capital with advanced risk tools - Zuluguard and/or Margin-Call-O-Meter. It is an easy-to-use platform, which, thanks to its targeted tools, will allow you to optimise your trading experience on the global markets, and it is available with the AAAFx platforms mentioned in this review - ZTP and MetaTrader 4.

What are the AAAFx leverage ratios?

AAAFx is a legitimate broker, regulated by Greece's HCMC, and in compliance with the directives of financial regulators, inside and outside of the European Economic Area. As per ESMA product intervention in 2018, AAAFx maximum leverage for retail clients is 30:1 for forex major pairs, minor pairs, gold and major stock indices is 20:1. Commodities and indices can be traded with 10:1 leverage, while US stocks with 5:1. Cryptocurrencies can be traded with a max leverage ratio of 2:1.Traders classified as Professional clients can apply for higher leverage rates in Europe.

AAAFx is also registered in the Saint Vincent and the Grenadines, and this entity will be the counterparty for International customers. Customers opening a live trading account with this entity can apply for a maximum leverage ratio of 500:1, regardless of their retail or professional status.

Can I trade cryptocurrencies with AAAFx?

Yes. For EU clients (except the UK, where FCA banned cryptocurrency trading), 5 cryptocurrencies can be traded against the US dollar - Bitcoin, Bitcoin Cash, Ethereum, Litecoin and Ripple. Traders opening accounts with AAAFx Saint Vincent and the Grenadines can trade only Bitcoin, Ethereum and Litecoin.

Does AAAFx offer the MT4 trading platform?

Yes, AAAFx MT4 is available for desktop, as a Windows-based platform. The MT4 platform is offered with or without ZuluTrade and requires installation. Investors can trade forex and CFD. AAAFx clients can also download the MT4 mobile trading platform from Google Play Store and Apple Store.

Where can I find an AAAFx promo code?

Currently, there are no AAAFx promo codes available from the broker. The only on-going special offer is the "No FEE on all deposits", a great opportunity to fund your trading account using any of their available deposit methods - including e-wallets and Bitcoin deposits - without paying any deposit fees.

AAAFx review - final considerations.

We conclude our AAAFx review with the final considerations regarding this Greek CFD broker. AAAFx stands out for the flexibility of its services and product offering – clients are offered an ECN trading environment, unfortunately not with the best transaction costs, but, on the other hand, are allowed to hedge, scalp, swing or position trade, with no restrictions.

The other great feature of the AAAFx broker is the acceptance of account deposits in cryptocurrency. Cryptocurrencies are here to stay, and this trend has caught already the attention of several CFD brokers. Not only customers of AAAFx can trade 5 cryptocurrencies crosses and speculate on both rising and falling markets, but the broker made the shift to accept account deposits in Bitcoin.

Please note that according to AML banking regulations (anti-money laundering laws), withdrawals are made through the same channel that deposits have been made through. This means if you deposit Bitcoin from your wallet, then the withdrawal should be processed to the same wallet.

AAAFx easy integration with ZuluTrade (one of the best solutions for copy-trading), together with a low initial deposit, position this broker on the top 30 brokers for popularity with traders opening a trading account in 2023.

AAAFx Real customer rating


AAAFx reviews by verified customers, cashback rebates, expert ratings, spreads & fees, leverage, demo accounts, downloads, trading platforms and more.

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AAAFx verified customers - with a live trading account - recommend the broker for ZuluTrade users, as it is owned by the same company, and can provide a seamless integration with this popular social trading platform. Negatively, AAAFx users complain about the broker's spreads and commissions being relatively high. Also on the same note, support is available in many languages but their technical knowledge is not very deep.

Review sources

For over 10 years we have been one of the top introducers of forex and CFD trading accounts to virtually all of the world's top forex brokers. One of our primary goals is to help traders make informed decisions by publishing accurate and unbiased content, supported by primary sources.

These may include information supplied by the broker, government data, the broker's corporate website(s), the analysis from our industry experts, and the opinions from verified traders with a live account. The information on the AAAFx broker review page was also sourced from: