Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.
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BrokerDNA™
The BROKERDNA™ score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers. This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here. |
AAAFX
0
/10
VISIT AAAFX
The BROKERDNA™ score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers. This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here. |
FXStat
7.8
/10
VISIT FXSTAT
The BROKERDNA™ score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers. This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here. |
XTB
10
/10
VISIT XTB
The BROKERDNA™ score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers. This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here. |
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About |
AAAFX is regulated by MiFID. AAAFX have provided Fore and CFD trading services since 2008. |
FXStat is regulated by the Financial Conduct Authority. FXStat have provided Copy Trading trading services since 2010. |
XTB is regulated by the Financial Conduct Authority. XTB have provided Forex, CFD, and social trading services since 2002. |
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Why choose them? |
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Headquarters | Athens, Greece 14 Akti Kondyli Str, Piraeus, 18545 | UK | Level 34, One Canada Square, Canary Wharf, E14 5AA, London, UK | |
TRADING SERVICES OFFERED |
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Spot Forex | ||||
Forex (CFD) | ||||
CFD | ||||
Spread Betting | ||||
Social Trading | ||||
MARKETS & INSTRUMENTS | ||||
Forex (currency pairs) | 48 | |||
Commodities Offered | 21 | |||
Stocks Offered | 1606 | |||
Bitcoin | ||||
Majors | ||||
Indices | ||||
US Stocks | ||||
Penny stocks | ||||
Energies | ||||
Metals | ||||
Agriculturals | ||||
FTSE | ||||
Dow Jones | ||||
Dax | ||||
Nikkei | ||||
ETFs | ||||
IPO | ||||
See all instruments
Losses can exceed deposits |
See all instruments
Losses can exceed deposits |
See all instruments
82% of retail investor accounts lose money when trading CFDs with this provider. |
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PLATFORM & FEATURES |
See the platforms and features offered by each broker |
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Screenshot |
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MT4 | ||||
MT5 | ||||
MT4 Mac | ||||
WebTrader | ||||
Mirror Trader | ||||
ZuluTrade | ||||
Sirix | ||||
cTrader | ||||
PAMM | ||||
Custom Platforms | No | FXStat | Xstation5 | |
APPS |
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iOS |
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Android |
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Windows |
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Available Languages |
English, French, German, Arabic, Chinese, Russian, Spanish, Greek, Hebrew, Italian, and Korean |
English, Arabic, Polish, Turkish, Spanish, and Italian |
English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, Turkish, Arabic, and Russian. |
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See platform & features
Losses can exceed deposits |
See platform & features
Losses can exceed deposits |
See platform & features
82% of retail investor accounts lose money when trading CFDs with this provider. |
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ACCOUNT INFORMATION |
From micro accounts to ECN accounts, compare the accounts offered by AAAFX and FXStat |
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Demo account | ||||
Mini account | ||||
Micro account | ||||
Standard account | ||||
ECN Account | ||||
Islamic account | ||||
Zero spread account | ||||
VIP account | ||||
Fixed spreads | ||||
Variable spreads | ||||
See account options
Losses can exceed deposits |
See account options
Losses can exceed deposits |
See account options
82% of retail investor accounts lose money when trading CFDs with this provider. |
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TRADING CONDITIONS |
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Scalping | ||||
Hedging | ||||
Expert advisors (EAs) | ||||
Virtual private server | ||||
Direct market access | ||||
STP broker | ||||
Market maker | ||||
Min trade | None | Varies | 0.01 Lot | |
Max trade | None | Varies | 100 Lot | |
Min deposit | $300 | Varies | $1 | |
RISK MANAGEMENT |
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Stop losses | ||||
Limit orders | ||||
One-click trading | ||||
Trailing stops | ||||
Price alerts | ||||
Signal trading | ||||
FUNDING METHODS |
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Credit card | ||||
Bank transfer | ||||
Standard account | ||||
Paypal | ||||
Neteller | ||||
Skrill | ||||
Payment processing time | 1 business day | Varies | Same day if requested before 1PM | |
Withdrawal processing time | 1 business day | Varies | Same day if requested before 1PM | |
See all funding options
Losses can exceed deposits |
See all funding options
Losses can exceed deposits |
See all funding options
82% of retail investor accounts lose money when trading CFDs with this provider. |
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DETAILED INFO |
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Excluded countries | US | US | US,IN,PK,BD,IQ,IR,IL,AF,AU,CA | |
Contact email | Send Email | Send Email | Send Email | |
Phone number | (+30) 213-0176-380 | No | 44 2036953085 | |
Live Chat | ||||
Website | https://www.aaafx.com/ | http://www.fxstat.com/ | www.xtb.com | |
Spreads: | ||||
EUR/USD (Average: 0.7 pips) | Not offered | Not offered | 0.1 pips | |
GBP/USD (Average: 1.1 pips) | Not offered | Not offered | 0.1 pips | |
USD/JPY (Average: 1.1 pips) | Not offered | Not offered | 0.1 pips | |
AUD/USD (Average: 0.8 pips) | Not offered | Not offered | 0.2 pips | |
USD/CHF (Average: 2.3 pips) | Not offered | Not offered | 0.2 pips | |
USD/CAD (Average: 2.9 pips) | Not offered | Not offered | 0.3 pips | |
NZD/USD (Average: 3.6 pips) | Not offered | Not offered | 0.3 pips | |
EUR/GBP (Average: 2.4 pips) | Not offered | Not offered | 0.1 pips | |
View all spreads
Losses can exceed deposits |
View all spreads
Losses can exceed deposits |
View all spreads
82% of retail investor accounts lose money when trading CFDs with this provider. |
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FEES |
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Inactivity Fee | No | Yes | No | |
Commission | Yes | Varies | Yes | |
Deposit Fee | Yes | Varies | No | |
Withdrawal Fee | Varies | Varies | No | |
View All Fees
Losses can exceed deposits |
View All Fees
Losses can exceed deposits |
View All Fees
82% of retail investor accounts lose money when trading CFDs with this provider. |
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Featured In | Best Brokers For ScalpingBest Brokers For HedgingBest Brokers For Expert AdvisorsBest 5 Digit BrokersBest Brokers For Indices | '>Best Fixed Spread BrokersBest Brokers For HedgingBest Brokers For Expert AdvisorsBest Brokers For IndicesBest FCA Regulated Brokers | Best Brokers That Accept PayPalBest Forex Islamic AccountsBest Litecoin BrokersBest Brokers For GoldBest Brokers For Copper | |
Last update |
All information collected from https://www.aaafx.com/. Last updated on 01/01/2021. |
All information collected from http://www.fxstat.com/. Last updated on 01/01/2021. |
All information collected from www.xtb.com. Last updated on 01/01/2021. |
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Company |
AAAFX is an online forex trading service provider. They are regulated by MiFID. To open an account with AAAFX, minimum deposits start from $300 for trading activities. |
FXStat is an online social trading network. To open an account with FXStat, minimum deposits start from $1. |
XTB provides hyper fast execution and facilitates seminars with external professional traders, providing personalised education depending on your individual circumstances. |
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Popular comparisons |
Popular comparisons feat. AAAFX AAAFX Alternatives
AAAFx vs IC Markets |
Popular comparisons feat. FXStat
ETX Capital vs FXStat |
Popular comparisons feat. XTB
XTB vs IG |
If you’re a trader looking for a broker that offers demonstation accounts, AAAFX may be the better option. However, if you want a broker that offers fixed spreads as a trading strategy, FXStat may be more suitable.
You can determine a broker’s reliability & trustworthiness by looking at eight factors:
Based on these eight factors, we consider FXStat to be the more reliable broker. We’ve broken down why below:
AAAFX is regulated by HCMC, while FXStat is regulated by Financial Conduct Authority.
XTB are also regulated by the Financial Conduct Authority.
If a broker has been around for a long period of time, they’re likely to be more reliable (in comparison, most scam brokers only exist for several years before they disappear).
This also suggests that a broker has good risk management processes that have prevented them being caught out by major financial events, as was the case with Alpari UK going bust when they were there was a policy reversal of capping the Swiss Franc against the Euro.
AAAFX has been around for 13 years, while FXStat have been around for 11 years. Our third alternative broker, XTB, have been around for 19 years.
You wouldn’t want your broker paying their staff out of the same bank account account that you’re depositing your trading funds into, would you?
Fortunately, all regulated brokers must use segregated bank accounts to hold client money. This is one of the reasons why we only feature regulated brokers here on BrokerNotes.
All three brokers above will hold your money in a separate bank account.
Most tier-1 banks like Barclays and HSBC have been around for over 100 years and manage trillions of dollars of assets, proving that they have stood the test of time.
Both AAAFX and FXStat use tier one banks, but we are not sure of which bank specifically.
If a broker has been penalised by a regulator in the past five years, it may mean that they were caught doing something they shouldn’t be doing - which may be of concern to you as an end client.
While not always the case, the number of traders a broker has can be a good metric for understanding how reputable a brokers is.
FXStat is more popular with over 325,000 traders.
Companies that are publicly listed on a stock exchange tend to be considered more reputable as they will be required to disclose their financials, and aspects of their operations, to the public.
Both AAAFX and FXStat are privately owned companies.
Most reputable brokers tend to be headquartered in a major capital city or a financial hub such as Cyprus.
AAAFX are based in Athens, Greece 14 Akti Kondyli Str, Piraeus, 18545, while FXStat are based in UK .
Assuming the brokers you’re choosing between are reputable, the next point to consider is whether they offer all of the features you require to trade.
This can be broken down into three categories:
If you’re looking to trade currency pairs, both AAAFX and FXStat offer forex trading. Also, if you’re looking to trade cryptocurrencies, FXStat offers a handful of cryptocurrency CFDs to trade, including Bitcoin, Ethereum and Ripple.
neither AAAFX nor AAAFX offer commodity trading.
AAAFX and FXStat both offer social trading, which is a modern approach to trading that allows you to follow like-minded traders, copy their trading activity, and engage in discussion around trading strategies.
If you trade forex, there’s a good chance you might want a broker that offers the popular MT4 trading platform. If that’s the case, both AAAFX and FXStat offer this. Our alternative broker, XTB, also offers MT4 and MT5.
In addition to the platform, you’ll also want to ensure that the broker you choose offers the account type best suited to your needs. AAAFX, for example, offer a mini account, standard account and VIP account.
If you have a certain trading style (e.g. scalping, hedging, or using EAs), you’ll want to double check that the broker you choose allows this, as not all of them do.
AAAFX does allow scalping and hedging. While FXStat also allows scalping and hedging. You can trade with EAs (expert advisors) on both AAAFX and FXStat.
In terms of risk management tools, neither AAAFX or FXStat offers negative balance protection. Negative balance protection prevents you owing your broker more than you’ve deposited.
Both AAAFX and FXStat accept Neteller as a funding method.
Comparing the fee structures of different brokers can be a minefield at times. The important thing to consider is what the spreads & fees are on the specific instruments and account type that you will be using.
For trading EUR/USD, AAAFX and FXStat both charge points. Therefore, both brokers are equally affordable for this instrument. You can jump back up to our comparison of their currency pair & indice spreads above.
Another consideration is whether or not your broker charges inactivity, deposit/withdrawal fees, or commissions on trades. If you’re a frequent trader, inactivity fees are unlikely to be an issue.
There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.
Objectively, FXStat is more reliable based on our criteria above. FXStat has a wider range of instruments to trade. FXStat offer lower spreads on popular forex instruments like EUR/USD and are used by more traders.
Both brokers offer demo accounts, allowing you to test their platforms to see which is suitable for you. You can test drive their demos using the links below:
Finally, if you’re really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable broker based on your precise requirements here.