A broker which is becoming increasingly popular is AAA FX. It’s not like there aren’t any problems with this name though. A lot of traders mix things up and think AAA FX is AvaTrade. But this is not the case and these are two independent companies. Then there’s another problem: AAA-FX.com is a website that offers signals and has nothing to do with AAAFX.com – the brokers website. However, this doesn’t make AAA FX any worse it’s just confusing for a lot of traders.
AAA FX platform – Metatrader
Like most of the other brokers, AAA FX is also using Metatrader as a trading platform, Metatrader 4 to be more precise. This way, AAA FX does nothing wrong because Metatrader is one of the best, if not the best trading platform.
AAA FX works in collaboration with Zulutrade. Zulutrade is a platform that works with different Forex broker, where other traders can offer their signals. So if you want to register with AAA FX, you should do this through this link that directs to Zulutrade.
Minimum Deposit: $ 500
Spreads at AAA FX
Compared to spreads at other brokers, the spreads at AAA FX are moderately low. Here you can find some of the most important currency pairs and their spreads:
EUR/USD 1,5 – EUR/JPY 2,1 – GBP/USD 1,9 – USD/JPY 1,9 – USD/CHF 2,9 – GBP/JPY 2,7 – EUR/CHF 2,8 – USD/CAD 2,7. A 1,5 Pip spread for EUR/USD is pretty solid and is less than the spread at AvaTrade or eToro.
Deposit and Withdraw at AAA FX
AAA FX offers the following methods for deposits and withdrawals: Credit cards (Mastercard, Visa), wire transfer, Moneybookers and a few other options that are less popular.
According to some traders, deposits through wire transfer take between 2 and 3 days which is not extremely quick for inner European transfers. It shouldn’t take much longer than 1 day but this may be due to the fact that AAA FX takes security seriously and the security process may take some time.
AAA FX isn’t a bad broker and the experiences others had with AAA FX are positive. That means that there have been no complications of wich you should be aware. Like a lot of other brokers AAA FX is located in Greece and thus in the European Union.
AAA FX is not a broker for novice traders though. Being able to use the Metatrader platform means that you’re at least semi skilled with trading platforms. The minimum deposit is a bit higher compared to other brokers like eToro or Instaforex. But the spreads are relatively low and when you’re a high volume trader you will profit from spreads this low easily. AAA FX is made for intermediates that are looking for a reliable broker with low spreads.