AAAFX RATING REVIEW -Using the Formula V.4.0.
AAAFX is an ECN Forex Broker that allows US Traders. The following Rating AAAFX is based on the Forex Brokers Formula v.4.0.
AAAFX Rating Summary
The sum of each Main Factor of AAAFX Rating Analysis (1, 2, 3, 4)
AAAFX RATING SUMMARY | |||
MAX | ACHIEVED | (%) | |
1. Safety of Funds | 26.00% | 16.42% | 63.16% |
2. AAAFX Cost of Transaction | 28.00% | 18.00% | 64.29% |
3. AAAFX Trading-Options | 26.00% | 21.00% | 80.77% |
4. AAAFX Technological Efficiency | 20.00% | 17.50% | 87.50% |
Overall Rating | 100.00% | 72.92% | 72.92% |
AAAFX Rating Analysis
Analysis of each Sub-Factor forming AAAFX total rating result.
RATING ANALYSIS of AAAFX | ||||
TOTAL RATING | 100.0% | AAAFX Broker | ||
Weight Analysis | Factor Analysis | 72.92% | ANALYSIS | |
1. SAFETY OF FUNDS at AAAFX | 26.00% | RATING WEIGHT | 16.42% | AAAFX Credibility Analysis |
1.1 AAAFX Level of Regulation | 12.00% | FSC (BVI) = 1.0%, | CYSEC = 3.0%, | FFMS = 3.0%, | RAFMM = 3.0%, | CBI = 4.0%, | ASIC = 4.0%, | FSC (NZ) = 4.0%, | FSA (UK) = 6.0%, | BAFIN = 6.0%, | NFA = 6.0%, | CFTC = 6.0%, | FINMA = 8.0% | and MiFID = +4.0% | 7.00% | AAAFX is regulated by HCMC = 3.0%, MiFID = +4.0%, Total = 7.0% |
1.2 AAAFX Headquarters Base | 5.00% | General Offshore = 0%, Cyprus , Latvia = 2.0%, Ireland, Spain, Italy, Belgium, Israel = 3.0%, Canada, Australia, New Zeeland = 4.0%, USA, UK, Germany, Scandinavian, France, Switzerland = 5.0% | 2.00% | AAAFX Home Base is in Athens / Greece = 2.0% |
1.3 AAAFX Years in the Market | 5.00% | 0-1 Years = 0 %, 2-5 Years = 2.0 %, 5-10 Years = 4.0 %, 10+ Years = 5.0 % | 4.00% | AAAFX was found in 2008 5-10 years = 4.0% |
1.4 AAAFX Segregated / Bank Accounts | 2.00% | Yes = 2.0 %, No = 0.0 % | 2.00% | Segregated bank Accounts by AAAFX = 2.0% |
1.5 AAAFX Web Ratings (Usage for differentiating results) | 2.00% | ForexPeaceArmy Rating = 1.0 %, | EarnForex Rating = Unrated at the moment of the review | 1.42% | AAAFX FPA=3.557 & Earn Forex = Not Rated Yet, Total Rating = 7.114 / 10.00 = 1.4228% (FPA only) |
1.6 (+) ADJUSTMENTS | ||||
1.6.1 Size Factor | 1.00% | More than 1 Million Traders = +1.0 % | 0.00% | Condition not met = 0.0% |
2. TRADING COST at AAAFX | 28.00% | RATING WEIGHT | 18.00% | AAAFX Competition Analysis |
2.1 AAAFX Typical Spread on EURUSD | 8.00% | < 0.3 pip = 8.0%, | <0.4 pip = 7.5%, | < 0.5 pip = 7.0%, | <0.6 pip = 6.5% | <0.7 pip = 6.0%, | <0.8 pip = 5.5%, | <1.0 pip = 5.0%, | < 1.25 pip = 4.5, | < 1.5 pip = 4.0%, | <1.75 pip = 3.5%, | >2 pip = 3.0%, | < 2.5 pip = 2.0%, | < 2.5 pip = 1.0%, | < 3 pip = 0.5% | 3.00% | AAAFX typical EUR/USD Spread is 1.9 pip = 3.0% |
2.2 AAAFX Typical Spread on GBPUSD | 5.00% | < 1.0 pip = 5.0%, | <1.25 pip = 4.0%, | < 1.5 pip = 3.0%, | < 1.75 pip = 2.5%, | < 2 pip = 2.0%, | < 2.25 pip = 1.5%, | < 2.5 pip = 1.0% | < 3 pip = 0.5% | 2.00% | AAAFX typical GBP/USD Spread is 1.9 pip = 2.0% |
2.3 AAAFX Typical Spread on USDJPY | 4.00% | < 1.0 pip = 4.0%, | <1.25 pip = 3.5%, | < 1.5 pip = 3.0%, | <1.75 pip = 2.5%, | < 2 pip = 2.0%, | < 2.5 pip = 1.0%, | < 3 pip = 0.5% | 2.00% | AAAFX typical USD/JPY Spread is 1.9 pip = 2.0% |
2.4 AAAFX Trading Commissions | 7.00% | No Commissions = 7% | Commissions < $5 / lot = 3% | Commissions < $8 / lot = 1% | Higher Commissions = 0% | 7.00% | No commissions charged = 7.0% |
2.5 AAAFX Deposit / Withdrawal Commissions | 2.00% | No = 2.0 %, | Yes = 0 %, | 1-Free / Month = 0.5 % | 0.00% | Withdrawal Fees are charged by AAAFX = 0.0% |
2.6 AAAFX Maintenance and Inactive Fees | 2.00% | No = 2.0 %, | Yes = 0 % | 2.00% | No Maintenance / Inactive Fees b= 2.0% |
2.7 (+) ADJUSTMENTS | ||||
2.7.1 AAAFX Execution | 2.00% | ECN = +2.0 % / STP = +1.5 % | Market Makers = +0.0% | 2.00% | ECN execution = +2.0% |
3. TRADING OPTIONS at AAAFX | 26.00% | RATING WEIGHT | 21.00% | AAAFX Trading Analysis |
3.1 AAAFX Forex Asset Index | 8.00% | 45+ Currency Pairs = 8.0%, | 40+ Currency Pairs = 7.0%, | 35+ Currency Pairs = 6.0%, | 30+ Currency Pairs = 5.0%, | 25+ Currency Pairs = 4.0%, | 20+ Currency Pairs = 3.0%, | 15+ Currency Pairs = 2.0%, | 10+ Currency Pairs = 1.0%, | Less than 10 pairs = 0% | 8.00% | AAAFX offers 45+ Fx Currencies = Rating 8.0% |
3.2 AAAFX CFD and Spot Trading | 2.00% | CFD Trading = 2.0 % | Only Spot = 1.0 % | Nothing = 0% | 2.00% | AAAFX includes CFD trading |
3.3 AAAFX Demo / Practice Account | 2.00% | Yes = 2.0 %, No = 0.0 % | 2.00% | Demo availability at AAAFX = 2.0% |
3.4 Leverage at AAAFX | 2.00% | >100:1 = 2.0%, | > 75:1 =1.5%, >50:1 = 1.0% | 2.00% | Maximum Leverage at AAAFX is 200:1 = (max) 2.0% |
3.5 AAAFX Bonus & Rebate | 6.00% | Max 6% Filter is Activated | 1.00% | |
3.5.1 AAAFX Bonus (%) | Bonus (Higher or Equal): >50% = 6%, | >40% = 5%, | >30% = 4%, | >20% = 3%, | >15% = 2%, | >10% = 1% | 1.00% | Deposit Bonus 10% = 1.0% | |
3.5.2 AAAFX Rebate (%) | Rebate (Higher or Equal): >30% = 6%, | >25% = 5%, | >20% = 4%, | >15% = 3%, | >10% = 2%, | >5% = 1.0% | 0.00% | Not met | |
3.6 AAAFX Minimum Deposit | 1.00% | Min Deposit < $500 = +1%, | Min Deposit < $1,000 = +0.5% | 1.00% | Minimum deposit is #300 = rating 2.0% |
3.7 AAAFX Fund / Deposit Methods | 2.50% | For each deposit method available = 0,5%, max = 5 methods | 2.50% | 5+ methods available = 2.5% |
3.8 AAAFX Fund / Withdrawal Methods | 2.50% | For each withdrawal method available = 0,5%, max = 5 methods | 2.50% | 5+ methods available = 2.5% |
3.9 (+) ADJUSTMENTS | ||||
3.9.1 Offering 100+ Currency Pairs | 1.00% | Yes = 1.0 % / No = 0 % | 0.00% | Not met |
3.9.2 Interest on Funds | 0.50% | Yes = 0.50 %, No = 0.0 % | 0.00% | Not met |
3.9.3 AAAFX Competitions / Championships | 0.25% | Yes = 0.25 % / No = 0 % | 0.00% | No Contests = +0% |
4. AAAFX TECHNOLOGICAL EFFICIENCY | 20.00% | RATING WEIGHT | 17.50% | AAAFX Technological Analysis |
4.1 AAAFX Available Platforms | 5.00% | Each Supported Platform = 1.0%, max = 5 platforms | 2.00% | AAAFX offers 2 trading Platforms (MT4, ZuluTrade) = Rating 2.0% |
4.2 AAAFX Slippage | 4.00% | Slippage < 0.5 pip = 4.0% | Slippage < 0.75 pip = 3.5% | Slippage < 1 pip = 3.0% | Slippage < 1.25 pip = 2.5% | Slippage < 1.5 pip = 2.0% | Slippage < 1.75 pip = 1.5% | Slippage < 2.0 pip = 1.0% | 4.00% | Measured at 0.12 pips (ZuluTrade) = 4.0% |
4.3 AAAFX Automated Trading | 2.00% | Yes = 2.0 % / No = 0 % | 2.00% | AAAFX accepts automated signals from ZuluTrade = 2.0% |
4.4 AAAFX MT4 / MT5 Availability | 2.00% | Yes = 2.0 % / No = 0 % | 2.00% | Yes, Metatrader4 is available = 2.0% |
4.5 AAAFX Mobile Trading | 2.00% | Each Supported Device = 0.50 % (iPhone, iPad, Android, Windows Mobile, Blackberry), max = 4 devices | 1.50% | iPhone, iPad and Android apps = Rating 1.5% |
4.6 AAAFX Scalping / Hedging Policy | 1.00% | Yes both = 1.0 % | Yes only Hedging or Scalping = 0.5% | No = 0 % | 1.00% | Yes to both |
4.7 AAAFX Customer Service | 4.00% | 24/7 = 1.0 %, | 24/6 = 0.5 %, | 24/5 = 0 %, | email = 1.0%, | Phone = 1.0 %. | Live Chat = 1.0 %, | Skype = 0.5 %, | Call-Back = 0.5 % | 4.00% | AAAFX offers 24/7=1%, email=1%, Phone=1%, Live Chat=1%, Total = 4.0% |
4.8 (+) ADJUSTMENTS | ||||
4.8.1 AAAFX PAMM / Managed Accounts | 0.50% | PAMM = 0.5 % / Simple Managed = 0.25%, No = 0 % | 0.50% | Yes AAAFX PAMM Accounts are available via ZuluTrade = +0.5% |
4.8.2 AAAFX API Trading | 0.50% | Yes = 0.5 % / No = 0 % | 0.50% | Yes, API trading is an option via ZUluTrade = +0.5% |
AAAFX Special Metrics
These are the special metrics for AAAFX according to the three categories of trading experience. The rating results are based on different weight of the same formula.
AAAFX SPECIAL METRICS | ||
Based on Seperated Sub-Formulas | RATING (100%) | |
AAAFX Overall Rating | 72.92% | |
Forex Beginners | 69.07% | |
Advanced Traders | 75.33% | |
Pro Traders | 76.85% |
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