Aza FX is a broker company that is based in the United Arab Emirates. It accepts clients from numerous countries with the exclusion of the US. The trading company values the fast execution, ethical brokering, flexibility and other similar features that appeal to the clients and serve to make their trading journey as enjoyable as possible.
In that effort, Aza FX provides several account types at your disposal. Depending on the one that you find the most suitable, you can enjoy astonishing leverages and small fees for your transactions. Also, there is a demo account available, which you can use to learn your way around without any pressure of real trading, which can be quite hectic at times. These are just some of the many features that we will cover in this Aza FX review, so keep reading to learn more!
Quality of Service
The Aza FX trading platform is the industry standard MT4. It allows you to smoothly enjoy your trading while watching the performance of each asset in real time. Also, the platform is available on all devices and operating systems, which makes things even easier for the clients. The selection of tradeable assets is quite unusual – it consists of around 45 currency pairs, while the rest is oil, natural gas, indices, silver and gold.
You can trade each one of these assets with the leverage of 1:100, which can even go up to 1:500 with more advanced account types. This is quite high compared to the industry standard, which is solid 10 times lower than what Aza FX is offering.
Speed of Response
The customer support team at Aza FX clearly lacks some of the basic features that the agents should have. The first thing that comes to mind is the fact that their webpage does not offer any way of contacting them. That’s right! When you visit the Contact Us page, you will be invited to fill out a form below where you can explain your issue. However, there is no form available anywhere! What is the deal here, Aza FX?
Then, there is a “Leave a Message” tab that represents the live chat option, but it takes forever to load and connect with an agent. This is strange since this option is usually the fastest one. There is no email address or even a telephone number. It is quite clear that the Aza FX creators did not put any effort into this section.
Aza FX is quite an open book when it comes to the time that they need to process the transactions. You can find all about it on their website. The deposit and withdrawal methods take different times to be processed, which is standard. For example, the bank wire transfer takes the longest – from 3 to 5 business days. Then, there is the credit and debit card option that is processed within 24 hours. Lastly, the e-wallets such as Perfect Money is finished processing within 6 hours.
Different banking options require different fees and commissions on certain transactions, as per Aza FX website. For example, all deposits come with no fees attached, which is great. However, the credit and debit cards require a 3.5% fee on any amount that you wish to withdraw. Also, the e-wallets require a bit less – 1% fee for your transactions.
Aza FX displays quite misleading information about its licencing and regulation. On one hand, they claim to be operating under the licence provided by the Cyprus Security and Exchange Commission (CySEC). However, there is no proof of it anywhere on the website of the regulatory authority, which is quite disappointing and a red flag for us.
Variety of Payment Options
As we mentioned above, there is a wide selection of payment options that you can use for your deposits and withdrawals. The most obvious one if the bank wire transfer, which takes the longest – up to 5 business days. Then, there is the credit and debit cards option, that is processed within 24 hours with a 3.5% fee. Lastly, the e-wallets are processed with a 1% fee of all your transactions, regardless of the amount.