Desk file · 2026 edition · record confidence: medium
AAAFx
We opened the file on AAAFx the way we open every file: register first, marketing never. Trading since 2010, run out of Athens, Greece, and carrying 2 licence entries on the public record, 0 of them tier-1.
What the two desk scores say
Both are out of 10 and both are computed, not felt.
| Cost score | Priced off the spread basis below, not off a headline rate card. | not verified |
|---|---|---|
| Safety score | Weighted on licence tier and on how many of the entries we could re-read at source. | not verified |
| Cost per 10 lots | Ten round-turn EUR/USD lots priced at the spread basis, commission excluded. | $not verified |
Spread basis. . Nothing on this page is a live quote; a spread printed on a Tuesday afternoon is not the spread you get thirty seconds after a non-farm payroll release.
Licence entries, one row per entity
Every row links to the document we read it from.
| Regulator | Licence no. | Jurisdiction | Tier | Licensed entity | Source |
|---|---|---|---|---|---|
| HCMC | 2/540/17.2.2010 | Greece | T2 | Triple A Experts Investment Services Single Member S.A. | fi.ee |
| FSCA | 49299 | South Africa | T2 | Zulu Trading Ltd | aaafx.com |
Which entity actually holds your money is decided at signup, by the country on your application — not by the strongest licence in this table. Read the client agreement you are handed, then match the entity name against the row above.
What we were able to confirm
Confirmed at source
- AAAFx is the brand of Triple A Experts Investment Services Single Member S.A., authorised by the Hellenic Capital Market Commission under licence 2/540/17.2.2010.
- Multiple directories report an HCMC fine of EUR 6,000 against AAAFx for AML-rule violations in 2026; the HCMC announcement itself was not reachable for direct citation.
- The brand operates ZuluTrade, the social-trading platform, alongside its broker offering.
- Directories list a South African entity (Zulu Trading Ltd, FSP 49299) for AAAFx; the number is stated on the broker's own regulation page.
- As an EU (Greece) investment firm the entity operates under MiFID framework rules, subject to product-intervention limits for EU retail clients.
Not verified
The following could not be traced to a primary source at the time of filing. We publish the gap rather than a number that would look tidier:
- minDeposit not verified on an own account-spec page
- maxLeverage not verified on an own spec page
- spreadEurusd not verified (directories cite ~1.5 pips; not an own-page figure)
- segregatedFunds not verified in own legal text
- negativeBalanceProtection not verified in own legal text
- HCMC register direct link not available; licence corroborated via secondary lists
| Founded | 2010 |
| Head office | Athens, Greece |
| Minimum deposit | not verified |
| Leverage cap | |
| EUR/USD | not verified pips |
| Tier-1 entries | 0 |
| Record confidence | medium |
Platforms and account types on file
Platforms
Account types
Markets
Other records open on the desk
CFDs are complex instruments with a high risk of losing money rapidly due to leverage. A desk file is a record of what the public register said on the day we read it, not a recommendation to open an account.