About the company:
A team of financial experts launched AZAforex in 2016. It now offers brokerage services to investors and businesses all over the world. The corporation is established overseas and has permission to operate under Saint Vincent and the Grenadines’ regulations. Customers can trade from all around the world with the company’s headquarters in Kingstown, St. Vincent, and join an active community of over 122,000 people.
Assets available are listed below:
- Forex: 72 currency pairs
- Commodities—five precious metals and three energies
- ten digital currencies
- CFDs (contracts for difference) – stocks and forex
- Binary Options: There are 107 binary options contracts available, with a maximum payout of 90%.
- Indices: six global equity indices
Mobius Trader 7 is a versatile, integrative platform that provides access to a variety of global marketplaces as well as market execution and ECN solutions. Spreads as low as 0.00001 pips are available to clients. All accounts can be accessed through a single portal, and the platform offers high-speed performance and shutdown. Clients can trade without the need for a broker’s help. All trading methods, including scalping and hedging, are permitted, and stop levels and limits are unrestricted. The network is also available as a mobile application that is compatible with iOS and Android software. The mobile platform offers most of the features available on the desktop version but is harder to navigate.
Spreads and leverage
VIP accounts have 0.1 pip spreads, 0.5 pip spreads for Pro accounts, and 1.1 pip spreads for Start accounts. The greatest leverage possible is 1: 1000. While leverage has the potential to yield high returns for a small original investment, it is fraught with danger and should only be employed by seasoned investors as part of their overall risk management plan.
Starter Account: A starter account is for those who are new to trading. Users can trade a variety of instruments, from forex to energy, CFDs, and binary options, and the minimum deposit is just $1, making it an economical alternative. Spreads start at 1.1 pips, which is less competitive.
A Pro account is offered for more professional purposes. The account requires a $2,000 minimum deposit with spreads starting at 0.5 pips on currency pairings and an ECN fee of 0.003 percent. Pro account holders have full access to all tools, although at significantly lower prices than VIP account holders.
VIP: it provides the best investment circumstances, but it comes with a price. To open a VIP account, customers must invest $10,000. Spreads start at 0.1 pips, and there are no transaction fees. Users get access to a large selection of products and can trade fixed and variable spreads.
Before opening a live account, the firm allows interested customers to try their system. On a sample account, customers can try out new methods, instruments, and services without risk.
- Debit card
- Credit card
- NYX Money
- Wire transfer
Depending on the approach, the processing time varies. Money transfers can take about three working days, but depositing with a credit card takes about an hour. Although money transfers have a $200 minimum investment limit, the required account balance is $1. Except for payments made with cryptocurrencies, all payment options require confirmation. There is no need to pay a transaction commission. A withdrawal of $10 is the minimum amount that can be made. Funds can only be withdrawn to a bank account in the account holder’s name.