AZA Forex Review: Features, Pros, Cons, and More 2024!

AZA Forex is a forex and CFD broker that provides online trading services globally. It is an offshore forex broker located in Seychelles. The broker offers a wide range of trading instruments including Currencies – 51, Metals – 5, Commodities – 11, Indices – 12, Stocks – 149, Cryptocurrencies – 10, Binary Options – 49.  Being an unregulated forex broker enables AZA Forex to offer high leverage and unrestricted trading, which are often restricted in many regulated markets. However, the lack of regulation also exposes traders to potential risks. Despite this, many traders opt for AZA Forex due to its competitive trading condition, high leverage, and lower minimum deposit. 

In this content, we will analyze and review AZA Forex, exploring its features, pros, and cons. We will also answer the most common questions people ask about AZA Forex. By reading this review, you will gain a better understanding of whether AZA Forex is the right broker for your trading needs and preferences.

What is  AZA Forex?

Founded in 2016, AZAforex is an unregulated offshore forex broker that offers trading services in Forex, Cryptos, and Stocks with leverage of up to 1:1000.

 

Key Features:

• Trading Instruments: Currencies – 51, Metals – 5, Commodities – 11, Indices – 12, Stocks – 149, Cryptocurrencies – 10, Binary Options – 49  
• Trading Platforms: Mobius Trader 7, Desktop, Web, iOS, Android, Linux
• Minimum Deposit:  $1
• Maximum Leverage: 1:1000
• Trading Fees: Only Spread is charged (No Commission). Variable spreads from 0.0001 pips. A rollover commission is applied on open positions overnight.
• Minimum Trade Size: 0.01 lot. Maximum Trade Size (Lot restriction per Ticket): 1000 Lots 
• Funding Currencies: USD, EUR, GBP, JPY, AUD, CAD, CHF, NZD, UAH, RUB, CNY, ILS, IDR, MYR, THB, VND
• Maximum Number of Positions ( At a time): 200 for MT4, MT5 Live account, 100 for MT4, MT5, demo accounts, 2000 for Ctrader trading account. 
• Maximum Volume per trade: The maximum volume per trade ranges from 50 to 250 lots, depending on the platform type and tradable assets. For Shares CFDs, the maximum volume is 1000 shares in total
• Trading Style Allowed: All including Scalping, hedging, News trading,  and EA Trading. 
• PAMM/ MAM:  Available 
• Stop Out Level (retail): 5%
• Margin Call Level: 100% 
• Negative balance Protection: Yes 
• Investor Protection:  No investor protection is Available. 
• Account Opening: Fully Online Account opening. It may take only 5 to 7 Minutes. The demo account has 30 days of validity. 
• KYC Verification: Required 

AZA Forex Pros and Cons

Pros:

• No Minimum Deposit – You may deposit as low as $1
• Allow Crypto CFD Trading 
• Offers leverage as high as 1:1000
• Very tight spreads starting from 0.00001 pips 
• Demo Accounts are Available 
• Higher Leverage for US, and EU clients. 
• Allow Scalping, EA Trading, and News Trading 
• AZAforex  Accepts Crypto Deposits

Cons:

• Unregulated Offshore Forex Broker 
• Only Crypto  Deposit and Withdrawal Option 
• No Managed Account Options
• No MT4/MT5 offer ( Only  Mobius Trader 7 (MT7) is offered) 

Our Ratings for AZA Forex:

Review and Reputation on Public Domains:

Public review sites like Trustpilot and Forex Peace Army have become important sources of information about brokers. Many traders share their real-life trading experiences on these platforms. However, there are also many fake or paid reviews on these platforms, and sometimes competitors leave negative reviews. This makes it challenging to find genuine reviews. By carefully reading the content and context of the reviews, you can often discern their authenticity. Do not blindly rely on these reviews; instead, use them as part of your overall broker research process

AZA Forex Ratings and Reviews from Trustpilot:

AZA Forex has earned a rating of 2.9 out of 5 on Trustpilot. These high ratings indicate customer satisfaction and trust. After carefully examining the reviews, we found that most of them are genuine, provided by real users sharing their real-life trading experiences.

AZA Forex Ratings and Reviews from Forex Peace Army:

AZA Forex has achieved an average rating of 2.9 out of 5 on Forex Peace Army (FPA). We’ve observed numerous brokers on FPA, and most brokers tend to have lower ratings. Several reasons might contribute to this. There is a complaint that FPA does not approve all positive reviews and only approves negative ones for the sake of their business. To understand the real reviews, traders should focus on the content of the reviews. Typically, fake, paid, or competitor reviews are generic. While you should consider these reviews as part of your research process, you shouldn’t make decisions based solely on them. For instance, if you encounter any user complaints, you might discuss them with the broker to verify if such issues exist. Additionally, you should review the broker’s policy and terms of service.

Frequently Asked Questions

Is AZA Forex a Legit Broker? A variety of

AZA Forex is considered a good offshore forex broker and is registered in St. Vincent and the Grenadines. The broker offers over Currencies – 51, Metals – 5, Commodities – 11, Indices – 12, Stocks – 149, Cryptocurrencies – 10, Binary Options – 49 trading instruments. However, the broker is not regulated or authorized by any regulatory authority. Due to this lack of regulation and the absence of available financial information, we do not recommend trading with AZA Forex.

Is AZA Forex regulated?

No, AZA Forex is not a regulated broker. It is an unregulated offshore forex broker which offers restriction-free trading facilities. 

Does AZA Forex Offer CFD Trading?

Yes, Fyntura offers CFD trading. CFD is a form of derivative trading that allows traders to speculate on the price movements of various financial instruments such as stocks, commodities, indices, and currencies, without actually owning the underlying asset. Fyntura provides a variety of trading CFD instruments including Currencies, Metals,Commodities, Indices, Stocks, Cryptocurrencies, Binary Options.

Where is AZA Forex Located?

AZA Forex is located in St. Vincent and the Grenadines. St Vincent and the Grenadines is the home of many offshore forex brokers. 

Does AZA Forex require KYC Verification?

Yes, AZA Forex requires KYC (Know Your Customer) verification. This process involves verifying the identity of its clients to comply with brokers’ requirements and ensure the security of the trading environment. Typically, this includes providing identification documents such as a passport or driver’s license, and proof of address, such as a utility bill or bank statement

Does AZA Forex payout?

Yes, AZA Forex does payout to its clients. Traders can withdraw their funds from AZA Forex using cryptocurrencies only. Payouts are processed within 24 hours. Once processed, it can take 1-6 hours, or as soon as there are 3-6 confirmations on the blockchain before the funds will be available in your crypto wallet

Is AZA Forex an ECN broker?

Yes, AZA Forex is an ECN forex broker. The broker offers the Pro account and the VIP account as ECN Accounts. 

What is the minimum deposit for AZA Forex?

The minimum deposit for AZA Forex is $1. However, the required minimum deposit varies based on the account type. For example, the Start account requires a minimum deposit of $1, the Pro account also requires $2000, and the VIP account requires $10000.

Conclusion:

AZA Forex is an offshore forex and CFD broker that offers online trading services to traders and investors worldwide. The broker provides a wide range of trading instruments, including Currencies, Metals,Commodities, Indices, Stocks, Cryptocurrencies, Binary Options The broker’s spreads start from as low as 0.0 pips. AZA Forex offers high leverage (as high as 1:500 ) and a low minimum deposit (as low as $1). The restriction-free trading facilities, such as CFD trading, lower minimum deposit, and higher leverage, make AZA Forex a good choice for many traders.

However, the broker is not regulated by any regulatory authorities. Therefore, do your research and ensure you are comfortable with this. We only recommend brokers regulated by the relevant financial authorities.