AZAForex provides CFDs and Options trading with spreads from 0.00001 pips and a stop out level of 5%. The broker allows for micro trading with minimum order size of 0.0001 lots, and offers 25% extra funds on crypto deposits.
Company Information & Regulation Status
AZAforex has presented itself as a forex and CFD broker since 2016, offering its clients a range of trading instruments. However, it's crucial to note that AZA forex operates without regulation from any central financial authority. This lack of regulation raises significant red flags for potential traders, as it means:
- There's no oversight from recognized financial regulators;
- Client funds may not be segregated or protected;
- The broker isn't obligated to adhere to strict financial standards;
- Dispute resolution options may be limited.
While AZA Forex claims to provide competitive trading conditions, the absence of regulation should be a significant consideration for anyone considering opening an account with this Forex Broker.
Summary of Specifics
Let's take a quick look at the key features of AZA Forex:
Broker | AZAforex |
Account Types | Start, Pro, VIP, Demo |
Regulating Authorities | Not regulated |
Based Currencies/Cryptocurrencies | USD, EUR, GBP, JPY, AUD, CAD, CHF, NZD, UAH, RUB, CNY, ILS, IDR, MYR, THB, VND |
Minimum Deposit | $1 |
Deposit/Withdrawal Methods | Crypto |
Minimum Order | 0.0001 |
Maximum Leverage | 1:1000 |
Investment Options | YES |
Trading Platforms & Apps | Mobius Trader 7 |
Markets | Forex, Metals, Commodities, Indices, Stocks, Cryptocurrencies |
Spread | From 0.00001 |
Commission | N/A |
Orders Execution | Market |
Margin Call/Stop Out | 10 to 100% / 5% |
Trading Features | Fast Execution, VPS, Copy Trading |
Affiliate Program | YES |
Bonus & Promotions | YES |
Islamic Account | YES |
PAMM Account | YES |
Customer Support Ways | Phone, Email, Telegram, Whatsapp, Skype, Live Chat |
Customer Support Hours | 12/5 |
This table provides a snapshot of what AZAforex offers, but it's essential to dig deeper into each aspect to fully understand what you're getting into as a potential trader.
Types of accounts offered by AZA Forex
AZAforex broker caters to different types of traders with its range of account options:
Account | Min. Deposit | Leverage Up to | Execution |
Start | $1 | 1:1000 | Market |
Pro | $2,000 | 1:1000 | Market, ECN |
VIP | $10,000 | 1:1000 | Market, ECN |
Demo | $0 | 1:1000 | Market, ECN |
Each account type has different minimum deposits, leverage options, and trading conditions. The demo account is a great way to get a feel for the platform without committing funds.
Advantages and Disadvantages of AZAforex
Let's weigh the pros and cons of trading with AZA Forex:
Advantages | Limitations |
Low spreads | Not regulated |
High leverage | Limited withdrawal options |
Multiple account types | Mixed user reviews |
Copy trading and PAMM options | - |
While AZA Forex offers attractive trading conditions, the lack of regulation is a significant drawback that should be noticed.
Signing Up & Verification Process
Getting started with AZA Forex is straightforward:
- Visit the AZAforex website and choose from the trading account options;
- On the next page you’ve been directed, fill in the registration form with personal details;
- Agree to the terms and conditions and set a password;
- Finalize the process and note the password for funds withdrawal;
- From the received email, check the links associated with your personal Area access and start trading.
While the sign-up process may be quick, the lack of regulation means there are less stringent checks on trader identities, which could be a double-edged sword regarding security and legitimacy.
AZAforex’s Trading Platforms
AZA Forex utilizes the Mobius Trader 7 platform, which may not be as widely recognized as MT4 or MT5 but offers its own set of features:
- User-friendly interface
- Advanced charting tools and technical indicators
- Real-time data
- Mobile trading capabilities
- Customizable workspace
While Mobius Trader 7 provides necessary trading functionalities, it lacks advanced tools like MT5 indicators.
Spreads and Commission Structure
AZA Forex boasts competitive spreads starting from as low as 0.00001 pips. However, spreads, in general, vary depending on the account type and market conditions:
Account | Spreads From | Commission |
Start | 0.0001 | N/A |
Pro | 0.00004 | N/A |
VIP | 0.00001 | N/A |
Traders should carefully review and compare the entire fee structure with regulated brokers to ensure they get a fair deal.
Deposit & Withdrawal Methods
AZA Forex offers a variety of deposit methods to cater to different preferences:
Operation | Methods | Min Amount | Commission |
Deposit | Credit/Debit Cards, Bank Wire, Crypto, Skrill, Neteller | $1 | System fee |
Withdrawal | NIX-money | $10 | System fee |
Traders who deposit over $100 via E-wallets, $300 by Card, or $1,000 by Bank Wire in a single transaction can request partial reimbursement of the transaction network fees from the broker.
Copy Trading & Investment Options
AZAforex provides social trading features to enhance the trading experience:
- Copy Trading: Follow and automatically mimic successful traders' strategies;
- PAMM Account: Invest in professional traders' accounts.
These options can be attractive for novice traders or those looking to diversify their trading approach. However, always remember that past performance doesn't guarantee future outcomes.
Tradable Markets & Symbols Overview
AZAforex offers a wide range of tradable instruments across various markets; AZAforex Assets:
Market | assets count |
Forex | 51 |
Metals | 5 |
Commodities | 11 |
Indices | 12 |
Stocks | 149 |
Cryptocurrencies | 10 |
The availability of these instruments may vary depending on the account type chosen. Traders should check the specific offerings for their selected accounts to ensure they meet their trading needs.
Special Bonus and Promotions
AZA Forex attempts to attract and retain traders with various bonuses and promotions:
Bonus | Up to | Qualification |
Crypto Bonus | 25% | deposit funds by cryptocurrency |
Loyalty Bonus | 120% | deposits of 500 USD or more |
CD Bonus | $2,000 | deposit of 2000 USD or more |
Article Bonus | $10 | Write a unique article about forex trading |
It is also notable that with the broker’s affiliate program, you can earn commissions by referring new clients. While these bonuses may seem attractive, reading the terms and conditions carefully is crucial. Unregulated brokers may use bonuses to lock in client funds, so approach these offers cautiously.
Support Team and Hours
Customer support at AZAforex is available through multiple channels:
- Phone Support: +447700100833
- Email: support@azaforex.com
- Telegram: @azaforex
- WhatsApp: +447700100833
- Skype: azaforex.com
- Live Chat
- Operating Hours: 12/5 from 8 am to 8 pm UTC
While the multi-channel support is commendable, the limited hours of operation may be inconvenient for traders in different time zones or those who prefer 24/7 support.
AZAforex’s List of Restricted Countries
AZAforex broker does not explicitly specify a list of restricted countries. This lack of transparency is concerning, as it may indicate:
- The broker may accept clients from countries with strict forex regulations;
- Traders might unknowingly violate local laws by using the platform;
- There could be potential legal issues for traders from certain jurisdictions.
Potential clients must verify their eligibility for AZAforex services based on their country of residence.
AZAforex’s Trust Scores & Reviews on Trustpilot
AZA Forex has received mixed reviews from the trading community, with a trust score of 2.9 out of 5 on the Trustpilot website.
This mediocre rating reflects the following:
Positive Aspects | Negative Aspects |
Competitive spreads | Lack of regulation |
Fast execution | Concerns about fund safety |
Fast deposit and withdrawal | - |
The low trust score underscores the importance of thorough research and caution when considering AZA Forex as a broker.
Educational resources of AZAforex
AZAforex doesn't offer a comprehensive education section on its website and its offerings are limited primarily to its blog, which includes:
- Market analysis and news updates;
- Trading tips and strategies;
- Platform tutorials.
While the blog can provide some insights, our website offers a wider range of Forex tutorials.
Conclusion and final words
AZAForex offers various attractive features like copy trading service, PAMM accounts, $10 article bonuses, and access to the Mobius Trader 7 platform with leverage options of up to 1:1000.
However, AZAForex broker doesn't have any regulatory licenses and has an average score of 2.9 on TrustPilot.
