AAAFx vs FXChoice

AAAFx or FXChoice – which is better for UK traders 2024? Compare AAAFx and FXChoice in this detailed breakdown of their platforms, features and fees.

AAAFx vs FXChoice Comparison Table 2024
AAAFx FXChoice
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3.9
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4.1
AAAFx is ranked #97 among CFD brokers. FXChoice is ranked #97 among CFD brokers.
AAAFx has closed or no longer accepts UK clients.
AAAFx is a forex and CFD broker, established in 2007 and headquartered in Greece. The company is regulated by the HCMC and FSCA and supports a selection of ECN accounts with low spreads, fast order executions and convenient deposits.
FXChoice has closed or no longer accepts UK clients.
FXChoice is a Belize-based broker established in 2010 and registered with the Financial Services Commission (FSC). The brand offers a wide selection of markets including crypto, plus the familiar MT4 and MT5 platforms. FXChoice stands out for its extra tools and perks, from LearnFx EAs to a VPS and Myfxbook's AutoTrade. New users can also claim a welcome bonus upon sign-up.
Pros
  • There are sophisticated MT4 and MT5 charting platforms for advanced traders, featuring a huge selection of indicators, drawing tools, chart types, and analysis features.
  • You get fast execution speeds from 10 milliseconds with no restrictions on strategies, creating a flexible environment for traders.
  • AAAFx supports a wide range of payment methods with near-instant funding and zero transfer fees, ensuring convenient deposits.
  • Fast and dependable 24/5 support is available following hands-on testing across live chat, telephone and email.
  • The minimum deposit is low and opening an account is fast, taking less than 5 minutes.
  • Tight spreads starting from 0.0 pips
  • Bitcoin deposits and withdrawals
  • GPS robot 100k EA download
  • Hedging and scalping allowed
  • MT4 and MT5 downloads
  • Commission-free trading
  • FIFO rule not applicable
  • Cryptocurrency trading
  • Social trading solution
  • Pips+ loyalty scheme
  • VPS available
Cons
  • By discontinuing ActTrader and lacking a proprietary platform, traders are limited to MetaTrader, which is outdated and less ideal for newcomers.
  • You can’t make deposits and manage your AAAFx account through an app, meaning you have to sign in to the website, dampening the mobile trading experience.
  • The selection of currencies is strong but AAAFx lacks depth in its stocks, indices, commodities and cryptos, limiting the range of trading opportunities.
  • There are no proprietary educational tools, relying on ZuluTrade, making AAAFx less attractive to beginners compared to brokers like eToro.
  • Limited selection of commodities
  • Weak regulatory oversight
Awards
  • Best CFD Broker - Forex Expo Dubai 2023
  • Best FX Service Provider - Forex Expo Dubai 2022
  • Most Transparent Broker - Ultimate Fintech Awards 2022
  • Exceptional Customer Service 2019 - 2021 - LiveHelpNow
FCA Regulated
No No
Instruments
CFDs, Forex, Stocks, Indices, Commodities, Cryptos CFDs, Forex, Indices, Commodities, Cryptocurrencies, Shares
Bonus
100% Deposit bonus available for Global clients 50% Welcome Deposit Bonus
Demo Account
Yes Yes
Minimum Deposit
$10 $100
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
HCMC, FSCA FSC
Mobile Apps
iOS & Android iOS & Android
Trading App

AAAFx does not offer its own app, but you can trade forex, stocks, indices, commodities and crypto on the MT4 and MT5 platforms. The apps offer a reliable environment for experienced mobile traders with robust charting tools. However, clients of AAAFx can’t manage their accounts, so you still have to log into the client area online to make deposits and withdrawals, making for a less complete mobile trading experience.

MT4 and MT5 apps are available to download form the Apple and Google Play stores. Both applications offers one-click trading, advanced charts and graphs, built-in support, plus instant and pending order types. MT4 is best suited to forex beginners while MT5 will meet the needs of experienced FX traders.

iOS App Rating
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4.8
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Android App Rating
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4.5
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Margin Trading
Yes Yes
MetaTrader 4
Yes Yes
MetaTrader 5
Yes Yes
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No No
Autochartist
No No
eSignal
No No
Trading Central
No No
STP Account
No No
ECN Account
Yes Yes
DMA Account
No No
MAM Account
No Yes
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
Yes Yes
Market Maker
No Yes
P2P Trading
No No
Spot Trading
No Yes
Auto Trading
Expert Advisors (EAs) on MetaTrader Expert Advisors (EAs) on MetaTrader
Copy Trading
Yes Yes
Copy Trading Platform
AAAFx offers automated copy trading through ZuluTrade, one of the largest social investment networks globally. More than 90,000 strategy providers can be followed with helpful performance metrics and graphs to help you find a trader that matches your objectives and risk tolerance. However, with no formal vetting process, manually weeding out traders can be time-consuming. FXChoice has partnered with Myfxbook AutoTrade to offer copy trading to all account holders. You can find and follow the strategies of multiple traders with straightforward account management. MQL5 signals can also be used to inform buy or sell decisions.
Social Trading
Yes Yes
Trade Signals
Yes Yes - MQL5
VPS Hosting
Yes Yes
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$0
Islamic Account
Yes Yes
Account Currencies
  • USD
  • EUR
  • CAD
  • AUD
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
Commodities
  • Gold
  • Oil
  • Silver
  • Gold
  • Silver
  • Oil
CFD
AAAFx provides CFDs on forex, stocks, indices and cryptocurrencies through the MT4 and MT5 desktop, web and mobile platforms. Leverage up to 1:30 is available in the EU and up to 1:500 for global clients. FXChoice offers highly leveraged CFD products on a breadth of financial markets, including shares, indices, commodities and crypto. FXChoice provides more supporting tools than many alternatives, including signals, auto trading, a VPS, and a research center.
Leverage
1:30 (EU), 1:500 (Global) 1:200
FTSE Spread
1.0 From $18.53
GBPUSD Spread<
0.1 From $8
Oil Spread
3.5 From $40
Stocks Spread
Variable Variable
Forex
AAAFx shines for its forex offering with over 70 currency pairs and spreads from 0.1 pips and low commissions from $0.99. Forex traders also get access to MetaTrader 4, alongside impressive execution speeds, a free VPS and zero restrictions on trading strategies. Trade 36 forex pairs, including the EUR/USD with spreads from zero pips. FXChoice offers higher leverage on forex than most competitors, alongside 24/5 support and an accessible $10 starting deposit.
Assets
70+ 36
GBPUSD Spread
0.1 From $8
EURUSD Spread
0.1 From $5
EURGBP Spread
0.1 From $6.95
Cryptocurrency
AAAFx provides just 6 crypto CFDs, covering BTC and other major digital currencies paired with USD. Yet despite competitive and transparent spreads, there are no opportunities on up-and-coming digital currencies. FXChoice offers trading on leading crypto cross pairs with the US Dollar. The selection of digital assets is narrow but spreads are tight starting at 0.15.
Spread
0.1 0.11 - 3.0 pips
Coins
  • BTC
  • LTC
  • ETH
  • EOS
  • BCH
  • XLM
  • BTC
  • LTC
  • ETH
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No Yes
AAAFx FXChoice
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