Aza FX is one of the rare Asian trading companies that take its services to the next level by accepting clients from all over the globe. With the exception of the United States, you can trade with Aza FX no matter where you are. The selection of tradable assets includes a few currency pairs, commodities such as gold and silver, as well as energies including oil and natural gas. They base their business operations on the core principles on fast execution, flexibility and ethical brokering.
Based on the account type that you choose to trade with, there are a lot of advantages at your disposal when it comes to leverage, margin and other trading conditions. Also, there is a demo account available for first-timers, which is valid for 30 days. In this Aza FX review, we will cover this and many other features available on the platform.
Quality of Service
The Aza FX trading platform loads quite smoothly and without any delays. It is also available on all devices (tablet and mobile) as well as all operating systems (Windows, iOS). This is a great advantage since you can trade whenever and wherever you are. This is only to be expected from the MT4 platform, which is the industry leader in the area of providing trading services.
The leverage for trading the assets on the platform goes from 1:100 to 1:500 depending on the account type that you choose. However, this is quite high compared to the industry standards, which raises a question of risks and the ability to achieve any profit with such high requirements.
Speed of Response
At Aza FX, there are a few ways to contact the customer support agents. Or at least, that goes in theory. However, when you visit the webpage and try to reach out, you will only be met with a blank page. That’s right! You can fill out a form and wait for the response, but the form does not seem to be loading at all. Also, there is a live chat option at the bottom of the page, but it takes a while to connect you with the agent. This is strange, especially considering that the customer support claims to be available 24/7. Still, there are links to the company’s social media profiles, so you may have some luck expressing your concerns there.
The quick and short transaction times for processing your depositing and withdrawal requests with Aza FX is one of the main values that this company cherishes. As a result, the speed goes from a few hours to a few business days, depending on the banking method that you choose.
As you can see from the website, the bank wire transfer option takes the longest – from 3 to 5 business days. Then, the credit and debit cards, as well as Skrill, take up to 24 hours. Lastly, the Perfect Money e-wallet is processed the fastest – only 6 hours of waiting.
The good thing about the Aza FX trading company is that there are no hidden or unexpected fees attached to your transactions. Rather, it is all out in the open, and you can find the details about it on their website. For example, the deposits require no fees, regardless of the banking option. On the other hand, the Perfect Money e-wallet requires a 1% fee. Lastly, the credit and debit cards plus Skrill take a 3.5% fee for each transaction.
Aza FX is an unregulated broker company, despite claiming differently. During our research, we came across much misleading information about its regulation and licencing. They claim to be operating with the licence provided by CySEC (Cyprus Security and Exchange Commission). However, there is no proof of it on the regulatory body’s website, which is quite disappointing.
Variety of Payment Options
Aza FX provides a satisfying selection of payment methods for all its clients. There is the standard bank wire transfer option, credit and debit cards, as well as several e-wallets, including Skrill and Perfect Money. Each payment option requires some time to be processed. During this time, the Aza FX team processes all your information to check for accuracy, so they can ensure the safety of your information and funds.