AAAFX's Trading Condition. Table of Contents
- Trading Platforms of AAAFX and ZuluTrade
- Available CFD Markets for Trading on AAAFX
- Condition of Leverage and Margin Requirement on AAAFX
- Trading Hours of markets on AAAFX
- Condition of Slippage on AAAFX Accounts
- NBP (Negative Balance Protection) for AAAFX accounts
- Price Gap - Transition from Friday to Monday
- Stop Loss and Take Profit can be reached during weekends
- How to calculate profit and loss on AAAFX?
- Only Sell Price is displayed on MT4
- Condition of Swap Points (Overnight Financing Interest) on AAAFX
- What you should do if you can't log in to AAAFX account?
- How to avoid Stop-Out (Liquidation) on AAAFX account
- How do I calculate the point value on the AAAFX account?
Trading Platforms of AAAFX and ZuluTrade
AAAFx provides the MT4 Platform for your manual trading, as well as the ZuluTrade network signal trading platform, which is used to copy traders’ trading signals or conduct manual trading.
In addition, by downloading the relevant program, you can also access the AAAFX MT4 account from your mobile device here for iPhone and iPad here for Android devices.
In order to connect to the AAAFX server, please search for the keyword ‘Tripleafx’.
You can also download the Zulutrade platform app for iPhone, iPad, and Android phones here to log in to your Zulutrade account.
Download AAAFX’s Trading Platforms
Available CFD Markets for Trading on AAAFX
In addition to foreign exchange transactions, AAAFx also provides:
- Metals: gold, silver, palladium, platinum, copper
- Commodities: American oil, British oil, natural gas
- Index: ESP35, GER30, US30, ITA40, JPN225, NAS100, SPX500, AUS200, FRA40, UK100.
- National debt: German government bonds
- Bitcoin: BTC/USD
- Ethereum: ETH/USD
- Litecoin: LTC/USD
Condition of Leverage and Margin Requirement on AAAFX
On AAAFx, when your account equity is less than 50% of the margin accounted for, all positions will be automatically closed; for example, if you open an order with a margin of 1,000 US dollars, when your account equity drops to 500 US dollars, the transaction will be Automatic liquidation.
Please note that when your account equity is equal to the margin currently used, AAAFx will send an email to remind you that the account margin is insufficient and there is a risk of liquidation so that you can take corresponding measures as soon as possible to prevent liquidation (account equity drops to 70% of the margin).
The minimum lot size for trading metals and CFDs is 1 standard lot.
The trading volume of 1 standard lot of gold (XAU/USD) is equivalent to 1 ounce of gold, and the trading volume of 1 standard lot of silver (XAG/USD) is equivalent to 50 ounces of silver.
The margin of gold (XAU/USD) is 1.5% of the current price, and 1 point is $0.01; the margin of silver (XAG/USD) is the current price multiplied by 2% of the number of contracts, and 1 point is $0.5.
The margin requirement for Bitcoin (BTC/USD) is 20% of the current price, and the point value is $0.01.
The minimum is 1 contract (1BTC). When the price of BTC/USD is 700 USD, you need a 140 USD margin to open the minimum trading contract (buy or sell).
The margin requirement for ETH/USD and LTC/USD is 50% of the current price.
Each customer can open up to 1,000 lots. (For example, 500 lots to buy, 500 lots to sell)
Find out more about AAAFX’s Leverage
Trading Hours of markets on AAAFX
AAAFx’s trading hours start at 22 o’clock (UTC) every Sunday night until the market closes at 22 o’clock (UTC) on Friday night.
When US Eastern Time is Daylight Saving Time, AAAFx trading hours are from 21:00 (Universal Standard Time) on Sunday to 21:00 (Standard Time) on Friday.
Different products have different trading hours.
For foreign exchange, trading starts at 9:00 p.m. UTC on Sunday and closes at around 9:00 p.m. on Friday. USDZAR is closed from 09:00 to 09:30 every night.
Although the foreign exchange market opens at 22:00 UTC on Sunday (when US Eastern Time is daylight saving time, the market opens at 21:00 UTC on Sunday), but you can see that the quotation fluctuates slightly before the market opens.
In order to allow trading actions in a timely manner after the market opens, the trading server begins to prepare related services and update quotations before the market opens.
However, the quotes on the eve of the market opening cannot be used to open new transactions, and other trading actions cannot be executed.
See Trading Hours of AAAFX’s markets
Condition of Slippage on AAAFX Accounts
Slippage is the difference between the client’s request price and the final execution price of the transaction.
Market events and conditions that cause high price volatility can exacerbate slippages, such as market news and announcements.
In this case, AAAFx uses the best available price as much as possible based on the requested price, quantity, and transaction type.
This will cause the final result of the transaction to be better than, equal to, or lower than the initial expectations; they are respectively positive slippage, no slippage, and negative slippage.
NBP (Negative Balance Protection) for AAAFX accounts
AAAFx provides “negative balance protection”, which means that the customer’s loss will not exceed their investment (deposit).
AAAFx reserves the right to determine whether the occurrence of this negative balance is caused by malicious, abuse or deliberate use by the customer.
Price Gap – Transition from Friday to Monday
Under normal market conditions, after the market opens, you will see that the opening price of the currency pair is very close to the closing price on Friday.
However, sometimes the price will rise or fall by a large margin, which will have a positive or negative impact on your transaction.
When there is a major news release or a major economic event, it will have an impact on the value of the currency, so there is a high probability that there will be a gap between the opening and closing prices.
The quotation may move in a direction that is not conducive to your position.
Although your transaction is profitable when the market is closed, you may find that the transaction is a loss after the market opens.
Therefore, traders who hold positions on weekends need to be psychologically prepared for unfavorable market conditions and potential losses.
The market does not open instantaneously, it is a gradual process that will be implemented gradually before 22:00 UTC.
Therefore, we began to receive quotations before 22:00, so a margin call or liquidation notice was generated, but the transaction will not be closed before the official opening of 22:00.
If after the market opens, the quotation still leaves your account in a liquidation state, then the liquidation order will be activated and the transaction will be closed.
Stop Loss and Take Profit can be reached during weekends
After the market opens, if the preset stop loss is exceeded, the transaction will be closed at the current quotation.
The price depends on the liquidity of the market at the time. In this case, it will cause more than expected losses.
However, when the market price exceeds your take profit price, the transaction will be closed with a profit that exceeds your expectations.
Please see the following example:
you have a buy EUR/USD position in your account, the opening price is 1.1150, and the take profit is set to 1.1350.
When the market closed on Friday, the quotation reached 1.1250, and after the market opened on Sunday, the price reached 1.1450.
The price exceeds the take profit 1.1350, so the transaction will be closed at the new current price, bringing you 300 points of profit instead of the expected 200 points.
If you think that the market quotation will change drastically during the weekend and the price will develop in a direction that is not conducive to your position, you should anticipate the risk.
If this trading strategy is not suitable for you, it is recommended that you cash in the floating profit or loss of the transaction before the market closes.
How to calculate profit and loss on AAAFX?
When the price of the currency pair you bought rises, profit will begin to be generated; if you want to keep the current order profitable, you can sell the order and close the position.
Let us refer to the example of buying US dollars and selling Swiss francs.
- Your current price is 1.2755/1.2760. Because you are buying US dollars, it will be executed at the sell price of 1.2760 or the price at which the trader is prepared to sell.
- Suppose you buy 1 standard lot (100,00 units) at 1.2760.
- After a few hours, the price changes to 1.2780 and you decide to close the position.
- The new quote for USD/CHF is 1.2780 / 1.2785. Since you are a buying transaction, you should now sell to close the position, so you need to execute the closing at the current sell price of 1.2780, or the price at which the trader is ready to buy.
- The difference between 1.2760 and 1.2780 is 0.0020, which is 20 points.
- Use spread formula , we obtain (.0001 / 1.2780) x 100,000 = $ 7.82 / points x 20 points = $ 156.49
Please note that when you buy or sell a single transaction, you must comply with the current bid/sell quotation spread.
When you buy a currency pair, you need to refer to its sell price; also when you sell, you will use its buying price.
Only Sell Price is displayed on MT4
Please note that only the sell price is displayed on the MT4 chart, not the buying price (the difference between the two is the spread).
At the same time, I also remind you that when you open a short order (sell), the opening price is the sell price Bid, and the closing price is the buying price Ask; similarly, when you are trading a long order (buy) ), the opening price is the buying price Ask, and the closing price is the sell price Bid.
You can check the specific price through the “Market Quote” column of your MT4 account.
Condition of Swap Points (Overnight Financing Interest) on AAAFX
AAAFx uses 21 o’clock every night (Universal Standard Time) as the overnight interest generation time.
For positions opened at 21:01 in the evening, the overnight interest will be calculated after the next day; and for positions established at 20:59 in the evening, the overnight interest will be calculated at 21:00 in the evening.
The overnight interest expense earned or paid depends on the direction of the purchase and sale and the interest rates of the two currencies involved.
For example, let’s assume that the interest rate of the British pound is greater than the interest rate of the Japanese yen.
You open a long-term pound/day transaction (holding the pound), that is, buying a currency with a higher interest rate, you will earn overnight interest (positive value); Conversely, if you make a short-term pound/day transaction (holding yen), you will have to pay overnight interest (negative value).
AAAFx daily overnight interest expenses and detailed reports will be displayed under the “Inventory Fees” column in your MT4 platform history.
Find out more about Swap Points of AAAFX
What you should do if you can’t log in to AAAFX account?
If you are unable to log in to the MT4 platform, you can log in to your ZuluTrade account via any computer with an internet connection at any time to trade.
Zulutrade is a trading platform based entirely on web development.
Simply log in to your ZuluTrade account through any web browser, you can manage the current open positions under the “Position” column, or you can open a new trade through the “Trade” column.
In addition to the computer, you can also here to download the iPhone version or here to download the Android version of the relevant applications to log in to your AAAFx MT4 account.
You can also download the Zulutrade platform app for iPhone, iPad, and Android phones here to log in to your Zulutrade account.
At the same time, you can also manage your position by calling AAAFX’s customer service center (+30) 213-0176-380 or through AAAFX’s online support.
Please note that you will be asked to provide relevant personal information, such as ID or passport number, home address, etc. in order to verify your identity; please prepare in advance.
How to avoid Stop-Out (Liquidation) on AAAFX account
Generally, you need to have enough margin in your account to maintain the current open positions, while being able to withstand potential downside risks.
As long as your account equity is higher than 50% of the margin used, there will be no liquidation.
Please note that you can check the current margin ratio (prepayment ratio) through your MT4 account at any time.
The higher the ratio, the lower the risk of liquidation in your account.
Please note that when your account equity is equal to the margin currently used, AAAFx will send an email to remind you that the account margin is insufficient and there is a risk of liquidation so that you can take corresponding measures as soon as possible to prevent liquidation (account equity drops to 70% of the margin).
In addition, when the margin ratio (prepayment ratio) in your MT4 account reaches 100%, the information bar showing the margin and net value will change from gray to red.
1. Close open transactions
A quick way to increase your account margin in order to reduce the risk of liquidation is to close a part of the position; in this way, the margin occupied when opening a position will be returned to your account equity.
2. Increase funds
You can save more funds to avoid over-trading and the risk of liquidation caused by a too low prepayment ratio.
You can use the online quick deposit method to increase your account balance immediately.
Just go to the account funds column of the webpage to operate.
3. Avoid excessive use of leverage
Another factor that can increase the risk of liquidation in your account is excessive leverage.
Using too much leverage to trade will potentially magnify your account’s gains, but at the same time, it will magnify losses and consume your account’s available margin too quickly.
The more leverage you use to trade, the faster losses may also accumulate.
In fact, when you overuse leverage, you also overexpose potential transactions in your account and cause losses.
In order to understand this more clearly, please refer to the following example:
If Trader A’s account has a net worth of 500 USD, the trading leverage is 200:1; at the same time, Trader B’s net worth is also 500 USD, and the leverage is 100:1.
Trader A can open a maximum unit trading volume of 100,000 (1 standard lot) and decides to use 60% of the total funds to trade, so he can open 6 orders, each with 0.1 standard lots (total value of 60,000 USD), occupy The margin is 300 US dollars (50 US dollars x 0.6 lot), and the remaining margin is 200 US dollars.
The point value of this order is 1$/point, so if the total open positions reach a low of 150 points (approximately 24 points per order), his account equity will be 150 dollars.
When this happens, his margin ratio will be 50% (150/300), so a liquidation will occur and all open positions will be automatically closed at the same time.
Trader B can issue a maximum unit trading volume of 50,000 (0.5 standard lots) and decides to use 60% of the total funds to trade.
In this case, the margin for each 0.1 standard lot is 100 USD, half of the funds can open 3 trades, and each 0.1 standard lot (total value of 30,000 USD).
Similarly, the point value of this order is 1$/point, so if the total open positions reach a low of 144 points (-144 points, each order will lose nearly 48 points), his account equity will be 356 US dollars.
When this happens, his margin ratio is 118% (356/300), so there will be no liquidation.
In short, leverage as a trading tool can expand your profit or loss by the same extent; the greater the amount of leveraged capital you apply for, the higher the risk you bear.
How do I calculate the point value on the AAAFX account?
The point is the smallest price increment of a currency. Except for the Japanese yen, the points of all currency pairs are counted from the fourth decimal place; the yen is counted from the second decimal place (for example, EUR/USD 1 point=0.0001, USD/JPY 1 point=0.01) .
In order to express the value of the currency being traded, it is necessary to multiply the number of trading lots by 1 point.
EUR/USD point = 0.0001 X 100,000 = $10.00 (standard lot)
EUR/USD point = 0.0001 X 10,000 = $1.00 (mini lot)
EUR/USD point = 0.0001 X 1,000 = $0.1 (micro lot)
GBP/JPY point = 0.01 X 100,000 = 1000 ¥ (standard lot)
It needs to be divided by the exchange rate in order to convert to the base currency:
Let’s assume that the Euro/American exchange rate is 1.4750, and the point value is 10 USD divided by 1.4750=6.78 Euro
To convert to the base currency of the account (such as USD), you need to divide by the USD/JPY exchange rate:
If the US/Japan exchange rate is 82.12, then 1000 yen divided by 82.12 = US$12.17
Please click "Introduction of AAAFX", if you want to know the details and the company information of AAAFX.
(Forex Broker)
Comment by Diletta
March 26, 2024
Awesome bonuses, good leverage. A few hiccups, but support rocks!