Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
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AZAforex Pros & Cons
- 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.
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.
TU Expert Verdict
AZAforex carries a higher degree of risk. My review and user feedback point to noticeable performance issues and limitations. It may be appropriate only for experienced traders who fully understand the risks and are prepared for potential instability.
Top-5 Brokers Traders Prefer
AZAforex User Reviews
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5-star
17%
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4-star
9%
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3-star
26%
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2-star
13%
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1-star
35%
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Commissions and Fees
Score:We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria8 /10The trading and non-trading commissions of AZAforex have been analyzed and rated as having Low fees, with a fees score of 8/10. Additionally, these commissions were compared with those of the top two competitors, OANDA and FOREX.com, 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 OANDA FOREX.com EUR/USD min, pips 0.1 0.1 0.7 EUR/USD max, pips 1.2 0.5 1.2 GPB/USD min, pips 0.1 0.1 0.9 GPB/USD max, pips 1.5 0.5 1.4 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 OANDA FOREX.com Commission ($ per lot) The commission is the fee charged by the broker for trading one standard forex lot (100,000 units of the base currency). 3 3.5 5 EUR/USD avg spread 0.2 0.15 0.2 GBP/USD avg spread 0.3 0.2 0.4 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 OANDA FOREX.com Deposit fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks. 0 0-15 0 Inactivity fee ($, per month) 0 0 15 -
Is AZAforex Safe?
Score:We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria2.5 /10AZAforex 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 14 years
- Not tier-1 regulated
- Not regulated
AZAforex Security Factors Foundation date 2012 Negative balance protection YesVerification (KYC) YesAZAforex is Not a Regulated Broker
Attention! It's your choice to work with regulated or unregulated brokers, but please consider the risks carefully. Unregulated brokers might offer lower fees and flexible trading options, but they lack investor protection, have a higher fraud risk, and no guarantee of withdrawals. Thoroughly research before deciding.
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Account Types
Score:We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.3 /10AZAforex offers the following account options: Demo, Standard, ECN/Raw spread, Swap Free, VIP.
However, it does not provide a Cent account, which can be a disadvantage for beginners looking to practice with minimal risk.
- Demo account
- Swap Free (Islamic) account
- Exclusive VIP account with enhanced trading conditions
- Micro lots are not available
- No Cent account
AZAforex account types vs top competitors AZAforex Trading.com Plus500 Standard YesYesYesECN/Raw spread YesNoNoDemo YesYesYesCent NoNoNoMicro NoNoNoSwap Free YesNoNoVIP YesNoNoManaged NoNoNo -
Deposit and Withdrawal
Score:This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology8.4 /10AZAforex 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.
- Bank wire transfers available
- Low minimum withdrawal requirement
- Supports 5+ base account currencies
- No withdrawal fee
- 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 Trading.com Plus500 Bank Wire YesYesYesBank card YesYesYesPayPal NoNoYesWise NoNoNoBTC YesNoNoWhat are AZAforex base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. AZAforex supports the following base account currencies: USD, EUR, GBP, JPY, AUD, CAD, CHF, NZD, Bitcoin, UAH, RUB, CNY, ILS, IDR, MYR, THB, VND, BCH, ETH, DASH, LTC, XMR.
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.
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Markets and Tradable Assets
Score:The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria7 /10AZAforex 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
- Crypto trading
- Commodity futures are available
- Limited asset selection
- Bonds not available
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 Trading.com Plus500 Currency pairs 80 69 60 Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs. 131 69 2800 Stocks YesNoYesCommodity futures YesNoYesCrypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada. YesNoYesStock indices YesNoYesOptions YesNoYesInvestment 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 Trading.com Plus500 Bonds NoNoNoETFs NoNoYesCopy trading YesNoNoPAMM investing YesNoNoManaged accounts NoNoNo -
Trading Account Opening
Score:We evaluated Trading Account Opening at AZAforex by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.10 /10We successfully registered an account with AZAforex in 8 minutes. The KYC verification was completed within 1 business day. The minimum deposit amount at AZAforex is $1. This is one of the most accessible and hassle-free onboarding procedures on the market.
- Low minimum deposit requirement
- Fast registration time (up to 15 minutes)
- Fully online account opening process
- Account setup process may feel less convenient for beginners
AZAforex account opening AZAforex Trading.com Plus500 Online Registration YesYesYesMinimum deposit $1 $50 $100 Mandatory KYC YesYesYesRegistration time (min) 8 20 KYC time (days) 1 2 3 Is AZAforex available in my country?
If you are a citizen of United States, the broker accepts clients from your country.
Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.
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Trading platforms & tools
Score:This section evaluates the quality and variety of trading platforms offered by the broker. It considers supported platforms, core features, device compatibility, and the availability of tools for automation, analysis, and different trading styles. Learn the assessment criteria7.8 /10AZAforex received a score of 7.8/10, reflecting an average offering in terms of trading platforms and tools. The broker covers essential functionality but may fall short in some advanced features or platform diversity compared to leading competitors.
- One-click trading
- Free VPS for uninterrupted trading
- API access for automated trading
- MetaTrader is available
- No access to cTrader and its advanced tools.
- No TradingView integration
- No access to a proprietary platform
Supported trading platforms
AZAforex supports the following trading platforms: MT4, MT5. This selection covers the basic needs of most retail traders. We also compared AZAforex’s platform availability with that of top competitors to assess its relative market position.
AZAforex Trading.com Plus500 MT4 YesNoNoMT5 YesYesNocTrader NoNoNoTradingView NoYesYesProprietary platform NoYesYesNinjaTrader NoNoNoWebTrader NoYesYesKey AZAforex’s trading platform features
We also evaluated whether AZAforex offers essential trading features that enhance user experience, accommodate various trading styles, and improve overall functionality.
Supported features 2FA NoAlerts YesTrading bots (EAs) YesOne-click trading YesScalping YesSupported indicators 44 Tradable assets 131 Additional trading tools
AZAforex offers several additional features designed to enhance the trading experience. These tools provide greater automation, deliver advanced market insights, and help improve trade execution.
AZAforex trading tools vs competitors AZAforex Trading.com Plus500 Trading Central Trading Central is a leading provider of investment research and financial market commentary. Integration with Trading Central offers traders advanced analytics, trading signals, and expert market insights, aiding in more informed decision-making. NoYesNoAPI YesNoNoFree VPS YesNoNoStrategy (EA) builder A Strategy or EA builder is a tool that allows traders to create and test their own automated trading strategies without requiring programming skills. NoNoNoAutochartist Autochartist is a market scanning tool that identifies trading opportunities by analyzing chart patterns and key price levels. NoNoNo -
Mobile Apps
Score:This section assesses the quality and functionality of the broker’s mobile trading apps. It takes into account app ratings, number of downloads, platform features such as two-factor authentication (2FA), mobile alerts, and technical indicators, ensuring traders can manage positions and monitor markets effectively from their smartphones. Learn the assessment criteria7 /10AZAforex supports mobile trading, offering dedicated apps for both iOS and Android. AZAforex received a score of 7/10 in this section, indicating a generally acceptable mobile trading experience.
- Mobile alerts supported
- Solid iOS user feedback, with a rating of 4.5/5
- Strong Android user ratings, currently at 4.5/5
- Mobile 2FA not supported
- Low app installs across iOS and Android
We compared AZAforex with two top competitors by mobile downloads, app ratings, 2FA support, indicators, and trading alerts.
AZAforex Trading.com Plus500 Total downloads The parameter reflects the combined number of installations from both the Apple App Store and Google Play. It serves as an approximate indicator of the broker’s mobile trading app popularity and user adoption across platforms. 500 50,000 10,000,000 App Store score App store scores reflect the average user ratings of the broker’s mobile applications on the Apple App Store and Google Play. These ratings indicate user satisfaction based on criteria such as usability, stability, performance, and overall experience. 4.5 4.8 4.7 Google Play score 4.5 4.7 4.4 Mob. 2FA NoYesYesMob. Indicators YesYesYesMob. Alerts YesYesYes -
Customer Support
Score:We evaluated Customer Support at AZAforex by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria3 /10The broker’s customer support shows noticeable weaknesses in responsiveness or communication quality. Delays in replies are common, and resolution may require repeated contact.
In TU testing, response speed was below expectations, and assistance was limited in depth. Traders who rely heavily on support may experience inconvenience.
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 info@azaforex.com +447723399001
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FAQs
How safe is trading with AZAforex in terms of regulation and client protection?
AZAforex has a safety score of 2.5/10 and is described as having a low security level, with no Tier-1 regulation and no formal regulatory status. The broker does offer negative balance protection and requires KYC verification, but the absence of regulation and investor compensation schemes may increase risks compared with regulated brokers.
What types of trading accounts does AZAforex provide and what limitations are noted in reviews?
AZAforex offers Demo, Standard, ECN/Raw spread, Swap Free, and VIP accounts, including a tight spread ECN option and an exclusive VIP account. However, the broker does not provide Cent accounts or micro lots, which may be a drawback for beginners or those wanting to trade with very small position sizes.
What do AZAforex user reviews and feedback say about overall client satisfaction?
AZAforex has a user satisfaction score of 5.2/10 based on 23 reviews, with 17% 5-star and 35% 1-star ratings, indicating that overall reviews are mostly negative. According to user reviews, opinions are mixed but lean toward dissatisfaction, as reflected in the relatively high share of low-star feedback.
How do traders describe the AZAforex account opening experience in their feedback?
The account opening process at AZAforex is fully online, with registration reportedly completed in about 8 minutes and KYC verification within 1 business day, and a minimum deposit of $1. While this is described as accessible and relatively hassle-free, the setup process may still feel less convenient for beginners.
What do reviews and ratings indicate about the AZAforex mobile trading apps?
AZAforex provides mobile apps for both iOS and Android, with user ratings of 4.5/5 on each platform and support for indicators and trading alerts. The section notes relatively low install numbers and the absence of mobile 2FA, suggesting that while current user feedback on functionality is generally positive, security features on mobile are limited.
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