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.

Tradeo
9 /10

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.

VISIT TRADEO
AAAFX
0 /10

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.

VISIT AAAFX
XTB
10 /10

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.

VISIT XTB
About

Tradeo is regulated by CySEC and have provided Forex, CFD, and social trading services since 2011.

AAAFX is regulated by MiFID. AAAFX have provided Fore and CFD trading services since 2008.

XTB is regulated by the Financial Conduct Authority. XTB have provided Forex, CFD, and social trading services since 2002.

Why choose them?
  • Yes Over 7 years in business
  • Yes Segregates clients funds
  • Yes Regulated by CySEC
  • Yes Over 10 years in business
  • Yes
  • Yes
  • Yes Over 16 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Financial Conduct Authority, KNF, and CMB.
Headquarters Limassol, Cyprus Athens, Greece 14 Akti Kondyli Str, Piraeus, 18545 Level 34, One Canada Square, Canary Wharf, E14 5AA, London, UK

TRADING SERVICES OFFERED

Spot Forex Yes Yes Yes
Forex (CFD) Yes No Yes
CFD Yes No Yes
Spread Betting No No No
Social Trading Yes Yes No
MARKETS & INSTRUMENTS
Forex (currency pairs) 41 48
Commodities Offered 70 21
Stocks Offered 0 1606
Bitcoin Yes No Yes
Majors Yes Yes Yes
Indices Yes Yes Yes
US Stocks Yes Yes Yes
Penny stocks No No Yes
Energies No Yes Yes
Metals Yes Yes Yes
Agriculturals No Yes Yes
FTSE No Yes Yes
Dow Jones No Yes Yes
Dax Yes Yes Yes
Nikkei Yes Yes Yes
ETFs No Yes Yes
IPO No Yes Yes
See all instruments

80% of retail investor accounts lose money when trading CFDs with this provider

See all instruments

80% of retail investor accounts lose money when trading CFDs with this provider

See all instruments

80% of retail investor accounts lose money when trading CFDs with this provider

PLATFORM & FEATURES

See the platforms and features offered by each broker

Screenshot image image image
MT4 Yes Yes Yes
MT5 No No No
MT4 Mac No No Yes
WebTrader No Yes Yes
Mirror Trader No No Yes
ZuluTrade No Yes No
Sirix No No No
cTrader No No No
PAMM No No No
Custom Platforms Tradeo No Xstation5

APPS

iOS image Yes Yes Yes
Android image No Yes Yes
Windows image No No Yes
Available Languages

English, Russian, German, Italian, Spanish, Chinese, Portuguese, and French

English, French, German, Arabic, Chinese, Russian, Spanish, Greek, Hebrew, Italian, and Korean

English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, Turkish, Arabic, and Russian.

See platform & features

80% of retail investor accounts lose money when trading CFDs with this provider

See platform & features

Losses can exceed deposits

See platform & features

77% of retail investor accounts lose money when trading CFDs with this provider.

ACCOUNT INFORMATION

From micro accounts to ECN accounts, compare the accounts offered by Tradeo and AAAFX

Demo account Yes Yes Yes
Mini account Yes Yes Yes
Micro account No Yes Yes
Standard account Yes Yes Yes
ECN Account No No No
Islamic account No Yes Yes
Zero spread account No No No
VIP account No Yes Yes
Fixed spreads Yes No Yes
Variable spreads No Yes Yes
See account options

80% of retail investor accounts lose money when trading CFDs with this provider

See account options

Losses can exceed deposits

See account options

77% of retail investor accounts lose money when trading CFDs with this provider.

TRADING CONDITIONS

Scalping Yes Yes Yes
Hedging Yes Yes Yes
Expert advisors (EAs) Yes Yes Yes
Virtual private server No No No
Direct market access No Yes Yes
STP broker Yes Yes Yes
Market maker Yes Yes Yes
Min trade 0.01 Lot None 0.01 Lot
Max trade None None 100 Lot
Min deposit $250 $300 $1

RISK MANAGEMENT

Stop losses Yes No Yes
Limit orders Yes Yes Yes
One-click trading Yes No Yes
Trailing stops Yes No Yes
Price alerts Yes No Yes
Signal trading Yes No Yes

FUNDING METHODS

Credit card Yes Yes Yes
Bank transfer Yes Yes Yes
Standard account Yes Yes Yes
Paypal No No Yes
Neteller Yes Yes Yes
Skrill No No Yes
Payment processing time Varies 1 business day Same day if requested before 1PM
Withdrawal processing time Varies 1 business day Same day if requested before 1PM
See all funding options

80% of retail investor accounts lose money when trading CFDs with this provider

See all funding options

Losses can exceed deposits

See all funding options

77% of retail investor accounts lose money when trading CFDs with this provider.

DETAILED INFO

Excluded countries US,IN,PK,BD,IQ,IR,IL,AF,AU,CA
Contact email Send Email Send Email Send Email
Phone number 44-203-695-8555 (+30) 213-0176-380 44 2036953085
Live Chat No Yes Yes
Website https://tradeo.com/ https://www.aaafx.com/ www.xtb.com
Spreads:
EUR/USD (Average: 0.7 pips) 2.7 pips Not offered 0.1 pips
GBP/USD (Average: 1.1 pips) 4.0 pips Not offered 0.1 pips
USD/JPY (Average: 1.1 pips) 3.5 pips Not offered 0.1 pips
AUD/USD (Average: 0.8 pips) 3.1 pips Not offered 0.2 pips
USD/CHF (Average: 2.3 pips) 3.7 pips Not offered 0.2 pips
USD/CAD (Average: 2.9 pips) 4.1 pips Not offered 0.3 pips
NZD/USD (Average: 3.6 pips) 4.5 pips Not offered 0.3 pips
EUR/GBP (Average: 2.4 pips) 3.7 pips Not offered 0.1 pips
View all spreads

80% of retail investor accounts lose money when trading CFDs with this provider

View all spreads

Losses can exceed deposits

View all spreads

77% of retail investor accounts lose money when trading CFDs with this provider.

FEES

Inactivity Fee Yes No No
Commission No Yes Yes
Deposit Fee Varies Yes No
Withdrawal Fee Yes Varies No
View All Fees

80% of retail investor accounts lose money when trading CFDs with this provider

View All Fees

Losses can exceed deposits

View All Fees

77% of retail investor accounts lose money when trading CFDs with this provider.

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Last update

All information collected from https://tradeo.com/. Last updated on 01/08/2019.

All information collected from https://www.aaafx.com/. Last updated on 01/08/2019.

All information collected from www.xtb.com. Last updated on 01/08/2019.

Company

Tradeo focuses on transparency, flexibility and reliability to provide traders a positive platform for their trading experience. Tradeo has been featured on many leading publications including TechCrunch, Mashable, The Wall Street Journal and the Dow Jones to name a few.

As a STP Broker, Tradeo does not make their profits based up client losses, they are paid based upon the volume based commissions so their success is tied with their traders success. With no conflict of interest between Tradeo and their traders you can be rest assured that Tradeo values providing the best trading conditions possible through competitive pricing and fast, transparent execution.

The social side of Tradeo allows you to view other traders activities and share your own and receive feedback from the community. Tradeo also allows traders to automatically copy the trading strategies of the leading traders and benefit from the expertise of the top traders.

If you value bank level security, CySec Regulation, transparent pricing and 24 hour support, Tradeo is the broker for you.

For more information about trading with Tradeo, we have put together an indepth Tradeo review with all the pros and cons about this broker.

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.

With AAAFX you can trade Forex, indices, commodities and CFD. If you like to trade on the go, AAAFX have iPhone, iPad and Android apps so you can trade from anywhere on your phone.

AAAFX offer ZuluTrade and the MetaTrader 4 platforms to make your trades and support 15 different languages.

You can see all of AAAFX's spreads here.

XTB provides hyper fast execution and facilitates seminars with external professional traders, providing personalised education depending on your individual circumstances.

XTB operates with two factors in mind; to provide traders with the fastest execution speeds and to be the most transparent broker on the market, which is reflected by the services and products they provide.

XTB also have a dedicated education area - the Trading Academy - which contains material to help you become a better trader, including video tutorials, trading courses, articles and much more to improve your skills at every step of your trading journey.

If you are looking for a broker that is regulated by the Financial Conduct Authority and focuses on transparency, fast execution speeds and customer service, XTB is a great option.

For more information about trading with XTB, we have put together an in-depth XTB review covering the pros and cons of this broker.

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Tradeo or AAAFX?

A wide range of instruments or low spreads?

If you’re a trader looking for a broker that offers a wide variety of instruments to trade, Tradeo is likely the better option out of these brokers. However, if you want a broker with lower spreads on currency pairs like EUR/USD, AAAFX may be more appropriate.

Which broker is more reliable?

You can determine a broker’s reliability & trustworthiness by looking at eight factors:

  • Who are they regulated by?
  • How long have they been around for?
  • Do they hold your money in a separate bank account?
  • Do they use reputable “tier-1” banks like Barclays, Goldman Sachs or HSBC?
  • Have they been fined or penalised in the last five years?
  • The popularity of their service/website
  • Are they publicly listed?
  • Where are they located?

Based on these eight factors, we consider Tradeo and AAAFX to be equally reliable. We’ve broken down why below:

Who are they regulated by?

Tradeo is regulated by CySEC, while AAAFX is regulated by HCMC.

XTB are also regulated by the Financial Conduct Authority.

How long have they been around for?

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.

Tradeo has been around for 8 years, while AAAFX have been around for 11 years. Our third alternative broker, XTB, have been around for 17 years.

Do they hold your money in a separate bank account?

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.

Do they use reputable “tier-1” banks like Barclays, Goldman Sachs or HSBC?

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 Tradeo and AAAFX use tier one banks, but we are not sure of which bank specifically.

Have they been fined or penalised in the last five years?

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.

How popular is their service/website?

While not always the case, the number of traders a broker has can be a good metric for understanding how reputable a brokers is.

Are they publicly listed?

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 Tradeo and AAAFX are privately owned companies.

Where are they located?

Most reputable brokers tend to be headquartered in a major capital city or a financial hub such as Cyprus.

Tradeo are based in Limassol, Cyprus, while AAAFX are based in Athens, Greece 14 Akti Kondyli Str, Piraeus, 18545 .

Do they offer the features you need?

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:

  • Services & instruments
  • Platforms & account types
  • Trading features, risk management tools & funding methods

Services and Instruments

If you’re looking to trade currency pairs, both Tradeo and AAAFX offer forex trading. Tradeo have a slightly larger variety of currency pairs with 41 pairs, compared to offered by AAAFX. Also, if you’re looking to trade cryptocurrencies, Tradeo offers a handful of cryptocurrency CFDs to trade, including Bitcoin, Ethereum and Ripple.

If you’re looking to trade commodities like gold, silver or oil, Tradeo may be a better fit as AAAFX does not offer commodity trading.

Tradeo and AAAFX 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.

Platforms & Account Types

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 Tradeo and AAAFX 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.

Trading features, risk management tools & funding methods

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.

Tradeo does allow scalping and hedging. While AAAFX also allows scalping and hedging. You can trade with EAs (expert advisors) on both Tradeo and AAAFX.

In terms of risk management tools, neither Tradeo or AAAFX offers negative balance protection. Negative balance protection prevents you owing your broker more than you’ve deposited.

Tradeo also offer stop losses, limit orders, and price alerts to help you automate aspects of your trading strategy.

Tradeo accept Neteller while AAAFX accept Neteller.

Are they affordable for what you need?

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, Tradeo and AAAFX 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.

The Verdict: Tradeo or AAAFX?

There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.

Objectively, AAAFX is more reliable based on our criteria above. Tradeo has a wider range of instruments to trade. Tradeo 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.

Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.