AZAforex Review 2024
Minimum
deposit:
  • $1

Trading platform:

  • Mobius Trader 7
Bonus for deposit:
  • 1%

AZAforex Review 2024

Updated:
Updated: October 06, 2023
Your capital is at risk.

2.48

/

10

TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

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
Minimum
deposit:
  • $1

Trading platform:

  • Mobius Trader 7
Bonus for deposit:
  • 1%

Note!

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Summary of AZAforex Trading Company

AZAforex is a high-risk broker with the TU Overall Score of 2.48 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 does not recommend working with this broker, as, according to reviews, most clients are not satisfied with the broker. AZAforex ranks 370 among 406 companies featured in the TU Ranking, which is based on the evaluation of 100+ criteria and a test on how to open an account.

The broker is suitable for novice traders who are prepared to improve their skills on a real account with minimum risk.

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.

💰 Account currency: USD, EUR, GBR, JPY, AUD, CAD, CHF, NZD, UAH, RUB, CNY, ILS, IDR, MYR, THB, VND, BTC, BCH, ETH, DASH, LTC, XMR
🚀 Minimum deposit: 1 USD
⚖️ Leverage: Up to 1:1000
💱 Spread: From 0.00001 pips
🔧 Instruments: Forex, Forex ECN, Energies, CFD Indices, CFD Stocks, Cryptocurrency, Binary Options
💹 Margin Call / Stop Out: 10-100% / 5%

👍 Advantages of trading with AZAforex:

  • 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.

👎 Disadvantages of AZAforex:

  • 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.

Evaluation of the most influential parameters of AZAforex

User Satisfaction Customer Satisfaction Score (CSAT) is a unique metric of Traders Union based on the analysis of user reviews posted on pages of each broker profile by the visitors of our website from all around the world. We have been collecting these broker reviews for over 13 years, and therefore, we know and understand the level of customer satisfaction with a specific brokerage company better than anyone else.

2.01

/10

Regulation and safety The score for this parameter is based on the licenses a company holds. The higher the level of the license, the higher the score. Obtaining licenses in other jurisdictions also improves a broker’s score. We divide all licenses into three levels:

Level 1 jurisdictions (high level of trust): CFTC – USA, FINMA – Switzerland, FCA — UK, ASIC – Australia, CBI – Ireland, JFSA — Japan, MAS – Singapore, FMA — New Zealand, IIROC – Canada, SFC – Hong Kong.

Level 2 jurisdictions (medium level of trust): CySEC – Cyprus, FSCA – South Africa, CBRC – China, SEBI – India, ISA – Israel, SECT – Thailand, DFSA – United Arab Emirates

Level 3 jurisdictions (low level of trust): FSC – Belize, FSC – British Virgin Islands, FSC – Mauritius, VFSC – Vanuatu, SCB – The Bahamas, BMA – Bermuda, CIMA – Cayman Islands

1.16

/10

Commissions and fees This parameter comprises a comprehensive analysis of all commissions and fees charged by a brokerage company, including trading and deposit/withdrawal fees. Also specific fees, for example the inactivity fee, are taken into account in the final score for the fees. Users can find detailed fees charged by a company in the broker’s profile.

3.57

/10

Trading instruments For this parameter, we evaluate the number of trading assets a broker offers access to in each group of financial instruments. We analyze the quotes a broker offers on Forex pairs, metals, indices, commodities, stocks, and cryptocurrencies. This parameter also includes evaluation of broker’s investment programs, for example access to copy trading, which we regard as an additional type of a trading instrument.

6.27

/10

Brand popularity Traders Union experts are confident that brand awareness mostly fully reflects the real state of affairs in a company – the more popular the broker, the more people trust it. The score for this indicator is based on the data analysis of such services as Ahrefs and SemRush, which show how often a company’s brand is searched on Google. In addition, indicators of the SimilarWeb service, which show the approximate number of visitors of the broker’s website, are also taken into consideration. We also review disclosed official reports of brokers, which allow for evaluating their client base.

1.65

/10

Customer support The score of this parameter is based on the number of available communication channels of a company’s support service. The quicker and easier it is to contact the broker’s support, the higher the score. We check every available support channel, test the speed of processing of requests and completeness of provided information through several interactions.

3.76

/10

Education This parameter provides an evaluation of a company’s capacity to work with beginners. Only quality training and provision of full and unbiased information can help novice traders and investors minimize the risks of losing money, even when working with top-ranked companies. Brokers with useful educational and informational tools, including webinars, tutorials, podcasts and articles, receive higher scores.

3.57

/10

Geographic Distribution of AZAforex Traders

Popularity in

23.6%
AR
Argentina
16.89%
US
United States
12.72%
ID
Indonesia
12.17%
RU
Russian Federation
12.14%
BG
Bulgaria
11.51%
CH
Switzerland
8.08%
TN
Tunisia
7.78%
ZA
South Africa
7.71%
UA
Ukraine
7.39%
GB
United Kingdom
2.01%
Others
Others

User Satisfaction i

21 comments
Total score:
5.1 /10

Share your experience

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boxxe
3 weeks ago

I was lucky enough to trade Forex with AZAforex. Support, quality, and conditions are normal. There are a couple of comments on the trading itself, but they are small. Overall, I recommend it. These are the guys who shouldn't let you down.

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jaimena60
49 weeks ago

I traded in AZAforex for almost a year. Trading on signals turned out to be completely unprofitable. The company deliberately fools its customers by providing inaccurate quotes. In this case, failures are arranged artificially. Not good...

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rosemaryus1
1 year ago

You won't be able to earn money in AZAforex. The terminal doesn't work well here. It feels like everything is against you, Yes, and the quotes here are fake campaign. In short, the booth has gathered, money is being pumped out of people. I do not advise you to ever open an account with AZAforex.

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LeonidPl
1 year ago

I can't call quality trade here. I tried, but left, because the server was constantly hanging. This significantly interferes with work. Alas. But I can't recommend this company.

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monirul83
1 year ago

I don't know, I'm not attracted to this company. Firstly, its trading conditions do not suit me, and secondly, I read bad reviews about AZAforex. I pass by.

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TcheloBBL@yahoo.com
1 year ago

Tight spreads and low commissions work best for me and this may be good for other people as well as some strategies require low spreads so they are probably the best option I have. Spreads are almost always the same in the EU, which I only trade and will be, and this is by far the best experience with brokers that I have had. Instead, their support is also great, I have a personal manager that I can contact when I have any issues with trading. Speaking of market conditions, they also received fast execution. In general, they are good in many aspects.
They are quick and responsive to any of my questions. They really make sure that I'm satisfied with the service.

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joannaqm18
2 years ago

Tried to withdraw money from my account. It's been 2 weeks. The delay was attributed to "technical problems". I don't need such a troubled broker. I terminate the cooperation, I withdraw the money in full.

Responses to a comment
azaforex.com@gmail.com to joannaqm18
1 year ago

Hello. We are ready to discuss all issues publicly. Please enter your account number, trading account number, or the email address you provided during registration. Where did you see the message from technical problems? You can share a screenshot or chat with support where error messages are listed. You can withdraw all your funds if you have made a deposit. Please provide the details of the transfer of funds, as irrefutable proof that you deposited to an account with our company at all. What payment system did you use and what is your transaction ID?

toddjenkins88@gmail.com to joannaqm18
2 years ago

Consider yourself lucky! Yesterday marked 30 days of myself attempting to withdraw my money, and still don't have it. Additionally, they stopped responding to all of my request.

azaforex.com@gmail.com to toddjenkins88@gmail.com
1 year ago

Your withdrawal request was not processed because of Investigation No. PN 684257 found evidence of your fraudulent activity in a group that used hedging orders with bonus funds.

Dynamics of AZAforex’s popularity among
Traders Union’s traders, according to 2023 data

Logo TU
20,0%
Top 3
10,0%
Top 5
7,0%
Top 10
5,0%
Top 20
1,0%
Top 40
0,5%
Top 100
0,2%
Top 100+
0,05%
Jan.
Feb.
Mar.
Apr.
May.
Jun.
Jul.
Aug.
Sep.
Oct.
Nov.
Dec.

Investment programs of Aza Forex

Investment programs of the broker are not listed as a separate category. Aza Forex offers a symbiosis of PAMM accounts and social trading as investment products:

  • the service provides an opportunity to copy trades of traders or invest in strategies of one or several managers.

  • the broker forms the rating of managers, where users can see the managed amount, return, the ratio of invested money and own funds, the fees from profitable trades, number of investors and traders that copy signals, and the position in the rating.

  • each account shows information on equity, conditions of investing, trading statistics, etc. 

The drawback of the service is the lack of risk management instruments.

Important!

If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.

Aza Forex Partnership program

The broker offers the following types of partnership programs:

  • Sub Partnership. Attract partners with a network of referrals from all around the world and get up to 10% of their fees.

  • Introducing Broker. This is a standard program for everyone. The broker offers several business models of rewards and free marketing tools: promo code generators, banners, logos, ready-made lending pages.

The broker also offers assistance to partners 24/5 and special offers for sub-partners.

Trading Conditions for AZAforex Users

💻 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
💵 Replenishment / 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
💱 Spread: From 0.00001 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
📋 Orders 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.
Your capital is at risk.

Comparison of AZAforex with other Brokers

AZAforex RoboForex Eightcap Exness FreshForex IC Markets
Trading
platform
Mobius Trader 7 MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader MT4, MT5 Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 MT4, MobileTrading MT4, cTrader, MT5, TradingView
Min deposit $1 $10 $100 $10 No $200
Leverage From 1:1
to 1:1000
From 1:1
to 1:2000
From 1:30
to 1:500
From 1:1
to 1:2000
From 1:1
to 1:2000
From 1:1
to 1:500
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 1 point From 0 points From 0 points
Level of margin call
/ stop out
10%  /  5% 60%  /  40% 80%  /  50% No  /  60% 40%  /  20% 100%  /  50%
Execution of orders Market Execution Market Execution, Instant Execution Market Execution Market Execution, Instant Execution Market Execution, Instant Execution Market Execution
No deposit bonus $10 No No No $30 No
Cent accounts Yes Yes No No Yes No

Broker comparison table of trading instruments

AZAforex RoboForex Eightcap Exness FreshForex IC Markets
Forex Yes Yes Yes Yes Yes Yes
Metalls Yes Yes Yes Yes Yes Yes
Crypto Yes No Yes Yes No Yes
CFD Yes Yes Yes Yes Yes Yes
Indexes Yes Yes Yes Yes Yes Yes
Stock Yes Yes Yes Yes Yes Yes
ETF No Yes No No No No
Options Yes No No No No No

AZAforex Commissions & Fees

Information
Traders Union analysts reviewed the broker’s trading conditions and prepared a report on available and hidden fees. Despite the declared narrow spread on certain accounts, the actual spread turns out to be higher because of the brokerage markup. Also, on Start and Pro accounts, there is a fixed fee, although its amount is not directly specified on the website. The broker does not charge a withdrawal fee; traders only pay the system’s fee.
Account type Spread (minimum value) Withdrawal commission
Start USD 10 no
Pro USD 4 no
VIP USD 1 no

Experts also performed a comparison of the actual spread charged by Aza Forex on the EUR/USD currency pair at minimum volatility on the Start account and the actual spread of other brokers.

Broker Average commission Level
AZAforex $12 High
RoboForex $1 Low
Pocket Option $8.5 Medium
Logo AZAforex
$12
$1
$8.5

Contacts

Foundation date 2012
Registration address First Floor, First St Vincent Bank Ltd Building, James Street, Kingstown, Saint Vincent and the Grenadines
Official site
Contacts
Your capital is at risk.
Disclaimer:

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.

All information posted on the Traders Union website is based on reliable and objective data. We have combined our 10 years’ experience in the financial sector and the feedback of our customers to provide you with a true picture of the best forex companies in the market. Detailed information about our methodology.
AZAforex Review AZAforex Review

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FAQs

Do reviews by traders influence the AZAforex rating?

Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about AZAforex you need to go to the broker's profile.

How to leave a review about AZAforex on the Traders Union website?

To leave a review about AZAforex, register on the Traders Union website or you can also leave a review through Facebook.

Is it possible to leave a comment about AZAforex on a non-Traders Union client?

Anyone can leave feedback about AZAforex on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.

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