According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- Mobius Trader 7
- 2012
Our Evaluation of AZAforex
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
AZAforex is a moderate-risk broker with the TU Overall Score of 6.13 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by AZAforex clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews.
The broker is suitable for novice traders who are prepared to improve their skills on a real account with minimum risk.
Brief Look at AZAforex
AZAforex is a brokerage company that provides its clients with a modern Mobius Trader 7 trading terminal for all devices, fast order execution with a speed of 0.1 seconds and tight spreads. Additionally, the broker's clients can use the transfer service between accounts with exchange at market spreads. AZAforex offers ECN trading with fixed spreads. Also, the broker's clients can trade on the following instruments: Forex, CFDs, indices, energies and binary options. On the AZAforex website, daily trading recommendations are published for clients, bonuses, investment programs are available: PAMM and trust management, an affiliate program with high commission rates. Also, AZAforex clients receive a personal manager, unlimited access to training materials and round-the-clock support service 24/5.
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- Flexible approach to incentivizing traders. The incentive instruments feature the broker’s own rebate, several types of bonuses, free analysis of strategies, trading signals, etc.
- Access to trading CFDs and binary options.
- Attractive conditions for the start: minimum deposit is USD 1 and leverage is up to 1:1000.
- Not licensed by regulators.
- Metatrader trading platforms that feature most expert advisors and indicators are not available. The broker offers a proprietary platform written in the JS language.
TU Expert Advice
Author, Financial Expert at Traders Union
AZAforex offers trading a range of instruments including Forex, CFDs, indices, energies, and binary options through the Mobius Trader 7 platform accessible on multiple devices. The platform provides ECN trading with fixed spreads and a minimum deposit of $1, attracting those interested in high-leverage opportunities, with rates up to 1:1000. Its clients benefit from fast order execution, daily recommendations, and access to strategies and trading signals. Noteworthy are PAMM investment programs and personalized support alongside diverse account types.
However, AZAforex is not regulated by recognized financial authorities, which may be a concern for those prioritizing stringent oversight. The lack of availability of MetaTrader platforms may be a drawback for users accustomed to these standard tools. Overall, AZAforex may be more suited to novice traders or those comfortable with alternative trading platforms who are seeking flexible trading conditions rather than stringent regulatory protection.
AZAforex Trading Conditions
Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
| 💻 Trading platform: | Mobius Trader 7 (Desktop, Web, iOS, Android, Linux) |
|---|---|
| 📊 Accounts: | START, PRO, VIP |
| 💰 Account currency: | USD, EUR, GBR, JPY, AUD, CAD, CHF, NZD, UAH, RUB, CNY, ILS, IDR, MYR, THB, VND, BTC, BCH, ETH, DASH, LTC, XMR |
| 💵 Deposit / Withdrawal: | Bitcoin BTC, Bitcoin Cash BCH, Ethereum ETH, Dashcoin DASH, Litecoin LTC, Tether USD - ERC20 USDT, Visa/MasterCard, Bank Transfer, Advacash, Skrill, Neteller, FasaPay, Bitcoin, Capitalist, Kuna, Payeer |
| 🚀 Minimum deposit: | 1 USD |
| ⚖️ Leverage: | Up to 1:1000 |
| 💼 PAMM-accounts: | Yes |
| 📈️ Min Order: | $10 or 0.0001 |
| 💱 EUR/USD spread: | 0,2 pips |
| 🔧 Instruments: | Forex, Forex ECN, Energies, CFD Indices, CFD Stocks, Cryptocurrency, Binary Options |
| 💹 Margin Call / Stop Out: | 10-100% / 5% |
| 🏛 Liquidity provider: | HSBC, UBS, Barclays, Credit Susse, Commerzbank, JP Morgan Chase, Nomura |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | Market execution |
| ⭐ Trading features: | 0.01 second order execution, free trading without delays, no requotes and no freeze levels. |
| 🎁 Contests and bonuses: | Crypto bonus up to 25%, CD bonus from 200 to 2000 USD, Loyalty bonus 120%, no deposit bonus for each unique article. |
AZAforex Key Parameters Evaluation
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Regulation and safety
AZAforex has a safety score of 2.5/10, which corresponds to a Low security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Negative balance protection
- Track record over 13 years
- Not tier-1 regulated
- Not regulated
AZAforex Security Factors
| Foundation date | 2012 |
| Negative balance protection | Yes |
| Verification (KYC) | Yes |
AZAforex is Not a Regulated Broker
Commissions and fees
The trading and non-trading commissions of broker AZAforex have been analyzed and rated as Low with a fees score of 8/10. Additionally, these commissions were compared with those of the top two competitors, Pepperstone and OANDA, to provide the most comprehensive information.
- Low Forex trading fees
- Tight EUR/USD market spread
- No inactivity fee
- No deposit fee
- No withdrawal fee
- Complex fee structure
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of AZAforex with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, AZAforex’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
AZAforex Standard spreads
| AZAforex | Pepperstone | OANDA | |
| EUR/USD min, pips | 0,1 | 0,5 | 0,1 |
| EUR/USD max, pips | 1,2 | 1,5 | 0,5 |
| GPB/USD min, pips | 0,1 | 0,4 | 0,1 |
| GPB/USD max, pips | 1,5 | 1,4 | 0,5 |
RAW/ECN Account Commission And Spread
The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.
AZAforex RAW/ECN spreads
| AZAforex | Pepperstone | OANDA | |
| Commission ($ per lot) | 3 | 3 | 3,5 |
| EUR/USD avg spread | 0,2 | 0,1 | 0,15 |
| GBP/USD avg spread | 0,3 | 0,15 | 0,2 |
Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with AZAforex. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
AZAforex Non-Trading Fees
| AZAforex | Pepperstone | OANDA | |
| Deposit fee, % | 0 | 0 | 0 |
| Withdrawal fee, % | 0 | 0 | 0 |
| Withdrawal fee, USD | 0 | 0 | 0-15 |
| Inactivity fee ($, per month) | 0 | 0 | 0 |
Deposit and withdrawal
AZAforex received a High score for the efficiency and convenience of its deposit and withdrawal processes.
AZAforex excels by providing a broad selection of payment methods, ensuring minimal costs and a seamless experience for users seeking efficient fund management.
- No withdrawal fee
- Low minimum withdrawal requirement
- Bank card deposits and withdrawals
- USDT (Tether) supported
- PayPal not supported
- Wise not supported
What are AZAforex deposit and withdrawal options?
AZAforex stands out with an excellent selection of deposit and withdrawal methods, a variety of base currencies, and zero broker fees, making it an excellent choice for traders seeking low costs and maximum flexibility. Available methods include Bank Card, Bank Wire, Skrill, Neteller, BTC, USDT, Ethereum.
AZAforex Deposit and Withdrawal Methods vs Competitors
| AZAforex | Plus500 | Pepperstone | |
| Bank Wire | Yes | Yes | Yes |
| Bank card | Yes | Yes | Yes |
| PayPal | No | Yes | Yes |
| Wise | No | No | No |
| BTC | Yes | No | No |
What are AZAforex base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. AZAforex supports the following base account currencies:
What are AZAforex's minimum deposit and withdrawal amounts?
The minimum deposit on AZAforex is $1, while the minimum withdrawal amount is $10. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact AZAforex’s support team.
Markets and tradable assets
AZAforex offers a limited selection of trading assets compared to the market average. The platform supports 131 assets in total, including 80 Forex pairs.
- Copy trading platform
- 80 supported currency pairs
- Indices trading
- Bonds not available
- Limited asset selection
AZAforex Supported markets vs top competitors
We have compared the range of assets and markets supported by AZAforex with its competitors, making it easier for you to find the perfect fit.
| AZAforex | Plus500 | Pepperstone | |
| Currency pairs | 80 | 60 | 90 |
| Total tradable assets | 131 | 2800 | 1200 |
| Stocks | Yes | Yes | Yes |
| Commodity futures | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| Stock indices | Yes | Yes | Yes |
| Options | Yes | Yes | No |
Investment options
We also explored the trading assets and products AZAforex offers for beginner traders and investors who prefer not to engage in active trading.
| AZAforex | Plus500 | Pepperstone | |
| Bonds | No | No | No |
| ETFs | No | Yes | Yes |
| Copy trading | Yes | No | Yes |
| PAMM investing | Yes | No | Yes |
| Managed accounts | No | No | No |
Contacts
| Foundation date | 2012 |
|---|---|
| Registration address | First Floor, First St Vincent Bank Ltd Building, James Street, Kingstown, Saint Vincent and the Grenadines |
| Official site | azaforex.com |
| Contacts |
+447723399001
|
Comparison of AZAforex with other Brokers
| AZAforex | Bybit | Eightcap | XM Group | IC Markets | FBS | |
| Trading platform |
Mobius Trader 7 | MetaTrader5 | MT4, MT5, TradingView | MT4, MT5, MobileTrading, XM App | MT4, cTrader, MT5, TradingView | MT4, MobileTrading, MT5, FBS app |
| Min deposit | $1 | No | $100 | $5 | $200 | $5 |
| Leverage |
From 1:1 to 1:1000 |
From 1:1 to 1:500 |
From 1:30 to 1:500 |
From 1:1 to 1:30 |
From 1:1 to 1:500 |
From 1:1 to 1:3000 |
| Trust management | Yes | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | No | No | No |
| Spread | From 0 points | From 0 points | From 0 points | From 0.8 points | From 0 points | From 1 point |
| Level of margin call / stop out |
10% / 5% | No / 50% | 80% / 50% | 100% / 50% | 100% / 50% | 40% / 20% |
| Order Execution | Market Execution | Market Execution | Market Execution | Market Execution | Market Execution | Market Execution |
| No deposit bonus | $10 | No | No | No | No | No |
| Cent accounts | Yes | No | No | No | No | No |
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