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Forex Broker Review

Here is my quick comparison of the forex brokers that I've been using in my Zulutrade live accounts.

Broker: AAAFx

Minimum deposit: $300

Minimum lot size in Zulutrade: 0.1 Minilot  (Increments of 0.1 minilots thereafter, i.e. 0.1, 0.2, 0.3...)

Bonus on deposits: Bonus is released upon completion of Required Round Lot turns.

Deposit options:

All Credit Card transactions are subject to a 2.95% processing fee which will be applied to the deposited amount. AAAFx accepts up to $1000 maximum deposit per transaction and $2000 maximum deposit per calendar month. In any case the recommended method above $1000 is Bank Wire. For security reasons and to protect against fraud, clients are required to submit a scanned copy (front and back) of their credit cards and a recent account statement for each conducted transaction.

Withdrawal: Wire transfer

All wire withdrawals are subject to a $25 bank fee for USD accounts or 25 EUR for EURO accounts which will be applied to the withdrawal amount.

Documents required upon opening an account:
1.) A copy of a valid passport or photo ID
2.) A copy of a current utility bill or bank statement or rental agreement as a proof of residence
3.) If funding an account by credit card, credit card statement and scanned copies of the front and back of the credit card. These documents are required only when the cumulative sum of deposit transactions via credit card totals $1000 and above.

To open an AAAFX account, click here:

AAAFX is directly integrated with Zulutrade, so there is no need to sign-up separately on Zulutrade.

Broker: AVAFX

Minimum deposit: $100

Minimum lot size in Zulutrade: 0.5 Minilot  (Increments of 0.5 minilots thereafter, i.e. 0.5, 1.0, 1.5...)

Bonus on deposits: Bonus is released upon completion of required round lot turns.

Ipad promo is valid until 12.21.2011

Deposit/Withdrawal options:

Ava FX does not charge any fees on deposits. The entire amount deposited will be credited to your account. Accounts funded by Credit Card may be restricted to receiving withdrawals via credit card.

To open an Ava FX account, click here:

After opening an Ava FX account, you may open an account in Zulutrade here: Choose Ava FX as your broker.

My recommendation: If you are planning to open a Zulutrade account with a $300 capital, AAAFx gives more flexibility in lot sizes. The Minimum Lot Size allowed is 0.1 minilot (with 0.1 minilot increments thereafter) which can help limit the risk for your account, compared to the 0.5 minilot allowed for Ava FX. For accounts with $1,000 capital and above, I recommend Ava FX as they have faster execution and lower slippage.

Visit my shop now! Click here:

This post first appeared on Pinoy Auto Forex, please read the originial post: here

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Forex Broker Review


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