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Author Topic: AAAFX  (Read 8529 times)

Offline geektrader

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Re: AAAFX
« Reply #30 on: December 05, 2012, 03:08:06 PM »
Just for you Ive made another screenshot right now, this time WITHOUT commission, so that you can see the raw spreads:

You see AAAFx is at 2.2 pips, IC Markets at 0 pips! Now add the commission per 1 lot at IC Markets of course, thats 2x 3.5$, in pips that around 0.7 pips. So 0 pips spread + 0.7 pips commission = 0.7 pips "real spread".

Now take Armada Markets, 0.1 pips spread + 2 Euro commission per lot, thats around 0.5 pips commission per RTL, so Armada has a "real spread" of 0.6 pips.

Now I tell you from my own trading and other users, that IC and Armada have an average execution time of 500ms or lower, slip around 0.4 pips on entry and exit, so 0.8 pips total average slippage.

Compare that with 2.2 pips spread on AAAFx, 3 seconds execution time and another 2 pips slippage and you know where AAAFx belongs...;)

Sure, as you say, there are other brokers that do worse, but I dont get the point why I should be trading with a "middle worse" broker like AAAFx instead to choose the best ones, LOL;)

And for me it seems clear you are a representative of AAAFx, but why not say so? Thats a lot more honest and upfront than pretending to be a client of them.
« Last Edit: December 05, 2012, 06:00:55 PM by geektrader »

Offline alanhoo

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Re: AAAFX
« Reply #31 on: December 05, 2012, 03:35:18 PM »
Not trying to make a scene here, but I fully agree with geektrader, on technicals and fundamental aspects withregards to ICMarkets and AAAFX.

I've tried alot of brokers, each with a decent healthy sum, 10k each in diversifed brokers. I'll give a rough breakdown of brokers tried.

AAAFX - High Spreads, High Slippages, Execution Acceptable
EXNess - Average Spreads, Low Slippage, Fast Execution (BLACKLISTED)
ATC Broker - Low Spreads, Low Slippage, Fast Execution
ICMarkets - Low Spreads, Low Slippage, Fast Execution
Universal FX - Low Spreads, Low Slippage, Average Execution (BLACKLISTED)
XEMarkets - High Spreads, High Slippage, Average Execution
Tadawul FX - High Spreads, Low Slippage, Fast Execution
Pepperstone - Low Spreads, Average Slippage, Average Execution
Axitrader - Low Spreads, Average Slippage, Fast Execution
Tradefort - Average Spreads, Low Slippage, Fast Execution (BLACKLISTED)
IG Markets - Average Spreads, Average Slippage, Fast Execution
Alpari UK - High Spreads, Average Slippage, Average Execution
FX PIG - Low Spreads, Low Slippage, Average Execution

Above results were obtained based on personal experience and account hosted on CNS VPS.

From the above list, you could probably see that AAAFX is not the worst, but why settle for the mid range? Personally, I am now only holding 3 accounts with ATC, ICMarkets and Pepperstone, and 2 out of 3 of them comes from Australia. But all three are regulated.

XEMarket is from Cyprus, I withdrew because of unfavorable conditions, extreme slippages at times, 2-10pips on spikes.
AAAFX is from Greece, I withdrew due to slippages (Scalping doesn't work good and spreads eats into profits).
EXNess is from Russia, read to many negative reviews and withdrew, why take chance?
Tradefort is from Russia, easy to use interface and average conditions, but I doubt they have the liquidity I need, and often unresponsive support.
Universal FX is from Switzerland, SCAM SCAM SCAM, too many reviews and LP changes in short period of time.

Experience have told me to stay away when you smell scams, sometimes it isn't scam, but the conditions are unfavorable. So why settle there? There are plenty of green fields out there, and you could always find a better patch.

In the end, I've concentrated all my investments into 3 brokers, ATC 80k, Pepper 12k, ICMarkets 18k. I am still constantly searching for the best conditions out there and I will most probably move out of Pepper if I find another better one. I used to be with Alpari, ATC, IG Markets and moved out of the 2 but still considering ATC to be the best broker out there, ranked by ICMarkets due to shorter time spent with them. On average, all my limits and orders averaging 1-10 lots were all filled without slippages of more than 0.5 pips, coupled with fast execution.

Take a look at my scalping profile, with my strategy and methods, high slippages would've killed it easily. That is why I always say, why settle for 2nd best?
https://www.myfxbook.com/portfolio/fxt-hg-forward/424518

Offline swingytrader

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Re: AAAFX
« Reply #32 on: December 07, 2012, 12:06:30 PM »
Alanhoo and geektrader, you have to excuse me but you do seem a lot like the same guy....... ??? ..same tone of posting and same brokers...

I am not going to engange further into "arguing of what could or not been or whatever.
Seems like you scalpers want to have your way around but you know not many brokers support this and you are angry and will say anything that can and will support your point of view.

you even dare to question EU regulations and how things operate. shame.shame.shame. you cant have an opinion of somthing you have not lived or you are not part of it. You just simply copy/paste in words some results on whatever could have been the problem why don't you post some screenshots of your accounts wit the real problems???.....instead of posting scams and empty words.

anyhow good luck on your trading with your Australian brokers and regulations. I will be sticking to mine, which is the disccussion of this topic, and continue to get my low spreads and be happy about it.



Offline geektrader

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Re: AAAFX
« Reply #33 on: December 08, 2012, 05:56:01 AM »
LOL, I dont have problems to post with my brokers since I chose the right ones that create no problems for me that I could even post. I am not angry about that there are good brokers out there nowadays with fair low spreads, low commission, that dont trade against you, give you super fast execution and minimal slippage. And thats good for ANY type of trading, not just scalping! And I dont need a "way around" for my scalping since serious ECN brokers dont care about your strategy and if you scalp or do whatever you want.

I ask you again, why settle for a "mid-worse" broker like AAAFx with high spreads, slow execution and slippage if there are a lot better options out there nowadays that are also strictly and fully regulated? MFID in Europe is requesting nothing more than some basic regulations. But even if AAAFx would be fully regulated by all regulators in the world, why trade with them with those high spreads and slippage if there are other fully regulated brokers that have a lot better offers? I dont get the point why I should settle for a "mid-field" broker like AAAFx instead for the best ones?

Good luck with your AAAFx;) Mr AAAFX employee.... :)


P.S.: You got us! Alanhoo is my mother!
« Last Edit: December 08, 2012, 06:00:49 AM by geektrader »

Online HFT Group

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Re: AAAFX
« Reply #34 on: December 08, 2012, 06:06:52 AM »
Alanhoo and geektrader, you have to excuse me but you do seem a lot like the same guy....... ??? ..same tone of posting and same brokers...

I am not going to engange further into "arguing of what could or not been or whatever.
Seems like you scalpers want to have your way around but you know not many brokers support this and you are angry and will say anything that can and will support your point of view.

you even dare to question EU regulations and how things operate. shame.shame.shame. you cant have an opinion of somthing you have not lived or you are not part of it. You just simply copy/paste in words some results on whatever could have been the problem why don't you post some screenshots of your accounts wit the real problems???.....instead of posting scams and empty words.

anyhow good luck on your trading with your Australian brokers and regulations. I will be sticking to mine, which is the disccussion of this topic, and continue to get my low spreads and be happy about it.


What a wanker..........

1- I have conversed with both geektrader and alanhoo and can assure you they are NOT the same person.

2- Australian brokers are one of the most highly regulated in the world through ASIC.

3- Get your facts straight before making a fool of yourself  ;)

Offline adeptus

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Re: AAAFX
« Reply #35 on: December 08, 2012, 08:39:24 AM »
Alanhoo and geektrader, you have to excuse me but you do seem a lot like the same guy....... ??? ..same tone of posting and same brokers...

I am not going to engange further into "arguing of what could or not been or whatever.
Seems like you scalpers want to have your way around but you know not many brokers support this and you are angry and will say anything that can and will support your point of view.

you even dare to question EU regulations and how things operate. shame.shame.shame. you cant have an opinion of somthing you have not lived or you are not part of it. You just simply copy/paste in words some results on whatever could have been the problem why don't you post some screenshots of your accounts wit the real problems???.....instead of posting scams and empty words.

anyhow good luck on your trading with your Australian brokers and regulations. I will be sticking to mine, which is the disccussion of this topic, and continue to get my low spreads and be happy about it.

I can also confirm that alanhoo and geektrader are definitely not the same person. But I doubt that anyone on the forum can confirm that you aren't an AAAFX employee  ;)



Offline bkavdev

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Re: AAAFX
« Reply #36 on: December 12, 2012, 02:32:48 PM »
Wow it became like a war room here lol. Relax people , everyone have  their own personal opinions about brokers , no need to overreact. I personally cant have any opinion about all the other brokers that some user mentioned in this thread  as i haven't heard or tried most of them (fx pig??? really? what kind of a broker name is that? ) but it is good to learn new things no matter how happy i am personally with the AAAFx services.

Offline dominga_tubbs

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Re: AAAFX
« Reply #37 on: January 06, 2013, 10:10:42 AM »
I have a Live AAAFX account (No Commission) for quite a few months because I am trading using zulutrade signal (...) I have a rebate of 1pip per 1 standard lot/10 mini lots

I've sent you a PM regarding where I could also get such a rebate. I'm sure other people might also like to know.

Offline swingytrader

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Re: AAAFX
« Reply #38 on: September 23, 2013, 01:36:46 PM »
AAAfx gor paypal on the payments' options lists ;)
Awsome!!  ;)

 

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