AZAFX Review
AZAFX Review by professional Forex trading experts the “ForexSQ” FX trading team, Finding out everything you need to know about the broker is in this AZAFX Review.
AZAFX Review
You may open an account with AZAFX by investing at least $100 and use leverage up to 1:500, micro tradeable lots and fixed spreads on the popular MetaTrader 4 platform. Islamic (swap-free) services are also available with this broker.
AZAFX claims to offer pure STP environment with no conflict of interest and no commission fees. The spreads provided by this broker are quite good – fixed at 1.8 pips on EUR/USD, while most fixed-spread brokers offer spreads of 2.0 pips.
The Company. Security of Funds
Company
Country
Regulation
Azafx International
UAE
N/A
AZAFX is a forex brokerage, offering over 45 forex currency pairs, oil, natural gas, index, gold and silver for trade on the industry’s standard MT4 platform. The brand is owned and operated by Azafx International, a company based in the United Arab Emirates that it is not regulated by any authority.
Investing in an unregulated broker is a risky business and we generally advise traders to stay away from such brokerages and to select among companies licensed by trustworthy regulators such as UK’s FCA or Australia’s ASIC, for example.
Besides, the popular forex forum FPA recommends caution dealing with AzaFx, as there is a Traders Court guilty vote against this company from May, 2016. That is why we do not recommend doing business with AZAFX.
Trading Platforms
As we have already mentioned, AZAFX supports the MetaTrader 4, the terminal that holds the title “most popular forex trading platform” for more than 10 years now.
MT4 offers a number of technical indicators, extensive back-testing environment, advanced charting tools and trading automatization options with the most widely used trading robots (aka EAs).
Methods of Payment
AZAFX offers the following payment methods: bank wire transfer, credit/debit cards and e-wallets Skrill, Perfect Money and WebMoney.
Overall, AZAFX’s trading conditions seem standard, although we doubt that it actually utilizes STP technology. However, in our view the main problem with this broker is the lack of regulation.
The Broker is not a safe forex broker, Instead you can use Plus500, XM, eToro, Fxpro or AvaTrade forex brokers.
AZAFX Review Conclusion
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