AAAFx vs ICM Capital

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

AAAFx vs ICM Capital Comparison Table 2024
AAAFx ICM Capital
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3.9
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2.3
AAAFx is ranked #97 among CFD brokers. ICM Capital 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.
ICM Markets only accept professional traders.
ICM Capital is an FCA-regulated brokerage that offers professional traders multi-asset trading. Pro traders can choose between MetaTrader 4 and ICM's proprietary platform to access commission-free and tight-spread account options. ICM Capital does not accept amateur traders.
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.
  • Hundreds of US stocks, as well as 50+ forex pairs, futures, metals and cash CFDs
  • FCA-regulated with protection via the FSCS and Lloyd's insurance
  • ECN spreads with deep liquidity from tier 1 banks
  • A secure broker with a good reputation
  • High leverage up to 1:200
  • Good educational tools
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  • By discontinuing ActTrader and lacking a proprietary platform, traders are limited to MetaTrader, which is outdated and less ideal for newcomers.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.
  • Only available to traders who qualify for a professional account
  • Limited selection of assets beyond stocks and forex
  • Wide spreads on the commission-free account
Awards
  • Best CFD Broker - Forex Expo Dubai 2023
  • Best FX Service Provider - Forex Expo Dubai 2022
  • Most Transparent Broker - Ultimate Fintech Awards 2022
  • Global Forex Broker of the Year 2020 - The Forex Expo Dubai
  • Most Trusted Forex Broker Middle East 2020 - Global Forex Awards Retail
  • Most Trusted Forex Broker 2019 - Go From Egypt
  • Best Forex Broker 2019 - The Forex Expo Dubai
  • Best Mobile Trading Platform 2017 - Jordan Forex Expo
  • Best Institutional Forex Broker 2016 - MENA Forex Expo
  • Best Customer Service Provider 2012 - Arab FX Championship
  • Best Forex Broker 2011 - Middle East Forex and Investment Summit
FCA Regulated
No Yes
Instruments
CFDs, Forex, Stocks, Indices, Commodities, Cryptos Forex, CFDs, stocks, commodities, futures
Bonus
100% Deposit bonus available for Global clients
Demo Account
Yes Yes
Minimum Deposit
$10 $200
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
HCMC, FSCA FCA, SVGFSA
Mobile Apps
iOS & Android Yes
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.

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 No
MetaTrader 4
Yes Yes
MetaTrader 5
Yes No
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No No
Autochartist
No No
eSignal
No No
Trading Central
No Yes
STP Account
No No
ECN Account
Yes No
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 No
P2P Trading
No No
Spot Trading
No No
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. Clients of ICM Capital can use the MetaTrader 4 platform to interact with and copy the trades of other investors. Both manual and automated copy trading is available.
Social Trading
Yes Yes
Trade Signals
Yes Yes
VPS Hosting
Yes No
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
Commodities
  • Gold
  • Oil
  • Silver
  • Gold
  • Silver
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. Leveraged contracts for difference can be used to take positions on major financial markets with fast execution speeds. On the negative side, the suite of CFDs is narrow, with commodities and indices only.
Leverage
1:30 (EU), 1:500 (Global) 1:30 (Retail), 1:200 (Pro)
FTSE Spread
1.0 2.0
GBPUSD Spread<
0.1 1.8
Oil Spread
3.5 2.0
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. A decent portfolio of currencies are available at ICM Capital. Trade majors like the EUR/SUD with spreads from 0.0 pips. You can speculate on forex using MT4 with expert advisors (EAs) supported.
Assets
70+ 50+
GBPUSD Spread
0.1 1.8
EURUSD Spread
0.1 1.3
EURGBP Spread
0.1 1.3
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.
Spread
0.1
Coins
  • BTC
  • LTC
  • ETH
  • EOS
  • BCH
  • XLM
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
AAAFx ICM Capital
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