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AZAforex Review 2025

Written By

Christian Harris

Written By

Christian Harris

Christian is a seasoned journalist with decades of experience. He transitioned from tech journalism to finance to follow his interest in investing. He has been trading stocks, futures, forex, and cryptocurrencies for more than 5 years, becoming an eToro Popular Investor. With hands-on expertise across various assets, he offers valuable trading insights.

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Edited By

James Barra

Edited By

James Barra

James is an investment writer with a background in financial services. As a former management consultant, he has worked on major operational transformation programmes at prominent European banks. James authors, edits and fact-checks content for a series of investing websites.

» James Barra Profile Page

Fact Checked By

Michael MacKenzie

Fact Checked By

Michael MacKenzie

Michael is a writer and editor with over a decade in journalism and publishing. His niche lies in editing and fact-checking content in the financial services sector, with a focus on online brokers and trading platforms. Michael previously reported on politics and economics in the Middle East and edits books for established publishers.

» Michael MacKenzie Profile Page

Updated

Jan 13, 2025

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Available in United States

New Customer Offer 25% Crypto Deposit Bonus, 120% Loyalty Bonus, 30% Spread Rebate

Overall Rating

3.4 / 5

AZAforex is #7 in our binary options broker rankings.

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Customer Reviews

Regulation & Trust

2.5 / 5

Accounts & Banking

3.5 / 5

Assets & Markets

2.8 / 5

Fees & Costs

2.5 / 5

Platforms & Tools

2.3 / 5

Customer Support

3.3 / 5

Minimum Deposit $1

Trading Platforms Mobius Trader 7

Instruments CFDs, Forex, Stocks, Indices, Commodities, Crypto, Binary Options

Regulators GLOFSA

Account Currencies USD, EUR, GBP, CAD, AUD, NZD, JPY, MYR, IDR, CHF, RUB, THB, VND, UAH, CNY

Payment Options QIWI, Volet, Debit Card, Credit Card, Wire Transfer, Perfect Money, Ethereum Payments, Bitcoin Payments, Visa, Mastercard, Paybis, Skrill, Neteller, Maestro

Pros

• AZAforex supports a huge and growing variety of payment methods, including bank transfers, credit/debit cards, e-wallets, and cryptocurrencies, providing flexibility for funding and withdrawals. This variety accommodates traders from different regions and preferences.
• Few brokers offer binary options as part of their portfolio. Still, AZAforex includes them, allowing you to speculate on short-term price movements with fixed risk and reward up to 90%.
• AZAforex provides high leverage of up to 1:1000, allowing for potentially greater returns with smaller capital. While this comes with increased risk, it's an attractive feature if you are an experienced trader looking for aggressive growth strategies.

Cons

• AZAforex still operates without regulation from a recognized financial authority, which raises concerns about transparency, fund safety, and accountability. You may have no recourse in disputes, making it riskier than regulated brokers.
• While functional during testing, the Mobius Trader 7 platform is proprietary and not widely used by other brokers. This creates risks of potential price manipulation or discrepancies in market data, as there's no external verification like with MetaTrader or cTrader.
• AZAforex offers basic trading guides and a blog but lacks robust educational tools such as video tutorials, webinars, or interactive learning resources. This makes it less appealing for beginners who need comprehensive learning support. A lot of the content is outdated, too.

Regulation & Trust

Founded in 2016, AZAforex is an offshore broker registered in the Marshall Islands by the Global Financial Services Authority (GLOFSA). This is a ‘red tier’ body in DayTrading.com’s Regulation & Trust Rating, earning the broker a low trust score.

AZAforex is not regulated by any respected government agency, so exercise caution when considering depositing funds. Engaging with unregulated brokers can pose significant risks, including potential fund security issues and limited dispute resolution avenues.

To ensure a higher level of investor protection, choose brokers regulated by reputable financial authorities.

AZAforex highlights that it does not share information about its clients at the request of government agencies from any country or act as a tax agent.

It also offers negative balance protection, so you cannot lose more than your initial deposit.

Accounts & Banking

Live Accounts

AZAforex offers three account types to accommodate active traders with varying experience levels and investment capacities.

Each account type has unique features and requirements, but they all share some standard features, including the same trading platform, leverage up to 1:1000, and swap-free trading.

• Start Account: Designed for beginners, the Start Account requires a minimum deposit of $1. It offers access to 238 trading instruments and 49 binary options, with spreads starting from 1.1. Rebates and PAMM services are available for deposits over $100, and a loyalty bonus is offered for deposits over $500.
• Pro Account: Aimed at more experienced traders, the Pro Account has a minimum deposit requirement of $2,000. It provides access to 260 trading instruments and 50 binary options, with spreads starting from 0.5. The account includes ECN capabilities and fixed spreads. It also offers rebates, PAMM services, loyalty, and a $200 deposit bonus.
• VIP Account: Tailored for professional traders, the VIP Account requires a minimum deposit of $10,000. It offers the same range of trading instruments and binary options as the Pro Account but with tighter spreads starting from 0.1. The account features ECN capabilities and fixed spreads. Additional benefits include rebates, PAMM services, a loyalty bonus, and a deposit bonus of up to $2,000.

Demo Accounts

AZAforex offers demo accounts, which I’ve found incredibly useful for getting hands-on experience with all the supported trading platforms.

These accounts let me practice trading strategies, explore different market conditions, and get a feel for how the proprietary Mobius Trader 7 platform works – all without risking any real money.

What’s great is that I’ve been able to try out all the account types – Start, Pro, and VIP – and the full range of trading instruments in demo mode.

AZAforex offers demo accounts without time restrictions, unlike many brokers that limit them to 90 days or less.

Deposits & Withdrawals

The platform offers an increasing variety of payment methods for both deposits and withdrawals, providing flexibility to suit different preferences.

The growing list of account currencies includes USD, EUR, GBP, JPY, AUD, CAD, CHF, NZD, UAH, RUB, CNY, ILS, IDR, MYR, THB, and VND. Cryptocurrencies can also be used, including BTC, BCH, ETH, DASH, LTC, and XMR.

Deposits can be made via bank transfers (SEPA and SWIFT), which I found straightforward but can take a few days to process. Credit cards and debit cards, including Visa and Mastercard, are also accepted.

In my experience, e-wallets such as Perfect Money provide quick and efficient deposit options.

I also found that depositing Bitcoin and other cryptocurrencies is seamless – although perhaps not the most convenient method of funding an account.

Christian Harris

Author

Withdrawals can be made to the same destination. I’ve found that bank wires may be the most reliable, but they take a few business days to process.

E-wallets offer efficient withdrawal options, with funds typically available within a day. Bitcoin withdrawals are also relatively fast, often completed within a few hours.

It is important to note that AZAforex requires deposits and withdrawals to be made from accounts bearing the same name as the trading account holder in compliance with its AML/CTF policies.

While AZAforex does not charge deposits or withdrawal fees, you are responsible for any fees imposed by the chosen payment system or intermediary banks.

Assets & Markets

AZAforex provides a foundational range of tradable assets, but it does not offer ETFs, bonds, or futures.

A standout feature, however, is binary options trading, allowing you to speculate on the price movement of various assets within a set timeframe. This feature will enable you to trade multiple asset classes using fixed payouts and clear risk parameters.

This service is suitable for traders looking for straightforward, time-bound investments, but due to binary options’ all-or-nothing nature, it requires careful strategy.

• Forex: 50+ pairs including majors (eg EUR/USD), minors (eg AUD/NZD) and exotics (eg USD/MXN).
• Commodities: 10+ commodities including oil, natural gas and gold.
• Indices: 12+ covering the US, Europe and APAC (eg Nasdaq-100 and S&P/ASX 200).
• Stocks: 149+ stocks across major US and European stock exchanges (eg Alibaba, Adidas, Vodafone).
• Crypto: 10+ cryptocurrency pairs (eg BTC/USD, ETH/USD).
• Binary Options: 50+ binary options contracts with 90% max payouts.

Unlike eToro, FXTM, and Pepperstone, AZAforex does not provide passive investment options such as real stocks or copy trading.

Fees & Costs

AZAforex’s accounts are chiefly designed with commissions integrated directly into the floating spread, offering a transparent pricing model. Alternatively, some instruments, including currencies, are available with fixed spreads for greater cost certainty.

Spreads start at 0.1 pips for VIP accounts, 0.5 for Pro accounts, and 1.1 for Start accounts. There are no zero spread options, which would appeal to many day traders, but the spreads are competitive overall.

It’s a shame you must deposit $10,000 into a VIP account to get the best trading conditions.

You must also remember that spreads fluctuate in response to market conditions, meaning they adjust dynamically depending on liquidity and trading volume.

For example, during periods of high market volatility – such as major economic news releases – I noticed that spreads widen. This is standard practice across brokers that don’t use fixed spreads, so you should be mindful of these variations when planning your trades, particularly when scalping.

A potential drawback of AZAforex is its deposit fee structure. Transactions made via bank transfer, credit/debit card, and some e-wallets incur charges typically between 5% and 6%, plus a $0.50 processing fee.

Although these fees can be waived for substantial deposits, the minimum thresholds are considerable: exceeding $100 for e-wallets, $300 for card transactions, and $1,000 for bank transfers. This could be a significant factor for traders depositing more diminutive amounts regularly.

Platforms & Tools

AZAforex only offers one trading platform, the proprietary Mobius Trader 7.

I find it relatively user-friendly, especially for new traders. The interface is clean and straightforward, with easy access to charting tools and trading options.

However, compared to popular platforms like MetaTrader 4, cTrader, and TradingView, Mobius Trader 7 feels frustratingly basic regarding features and customization.

Christian Harris

Author

Key Features of Mobius Trader 7:

• Charting Tools: The platform offers basic charting features, such as candlestick and bar charts, along with standard indicators like Moving Averages and RSI. While it’s sufficient for beginners, advanced traders will find the charting tools lacking compared to TradingView, which offers more extensive charting options, including a broader range of technical indicators and drawing tools.
• Order Execution: Mobius Trader 7 supports only two basic order types: market orders and limit (pending orders). Execution speed is decent, but platforms like MetaTrader and cTrader have more advanced order types and faster execution times, especially with cTrader’s reputation for low latency.
• Customizability: Mobius Trader 7 offers customization so that I can adjust the layout and charting preferences. However, I find other platforms far more customizable, especially when it comes to adding third-party indicators or automated trading bots (EAs). MetaTrader also has a more extensive library of community-created tools and scripts.
• Mobile & Web Versions: I’ve been pleased to see that Mobius Trader 7 offers desktop (Windows, Linux, macOS), mobile, and web-based versions, which are convenient for trading regardless of platform. The mobile version is functional, but MetaTrader and cTrader definitely have more polished mobile apps with more advanced features.
• Automated Trading: Mobius Trader 7 supports AZAforex’s proprietary trading bots, designed to help automate trading strategies. While these bots are convenient, they lack the widespread community support and extensive testing available with MetaTrader’s expert advisors (EAs) or cTrader’s cBots. This could limit customization and reliability for advanced algorithmic traders.

Overall, Mobius Trader 7 is a reasonable platform, even if it is rough around the edges. However, for more advanced traders who rely on custom indicators, automated trading, or more detailed technical analysis, MetaTrader and cTrader are superior options with more advanced features and community support.

If you’re starting, Mobius Trader 7 is fine, but if you’re looking for a more feature-rich experience, you might want to consider platforms with more extensive tools and customization options.

Research

The website offers several market research tools to assist traders, but I’ve found them really basic compared to the offerings from brokers like Saxo and XM.

I found insights and strategies on various instruments like forex, stocks, and cryptocurrencies in the Daily Trading Analysis potentially helpful, but the content was out of date by over seven months during our latest round of testing.

The Traders Blog also features articles on trading strategies and market trends, which would help me stay informed if it was updated regularly.

The economic calendar allows you to track upcoming economic events that could impact the markets. Still, I experienced problems with the calendar displaying properly, so I had to resort to an alternative.

AZAforex’s research tools are limited, lacking features like in-depth technical analysis, real-time market data feeds, in-house webinars or podcast offerings, or actionable trading signals from third-party tools like Autochartist, Trading Central, or Signal Centre.

This might be a significant consideration if you’re seeking comprehensive research capabilities from your broker.

Education

Educational options are basic but still helpful for getting started. The general trading guides cover the essentials of forex trading, explaining key concepts like how currency pairs work, types of trading strategies, and standard market terms.

Additionally, a blog features market insights, trading tips, and updates on strategies, which can help refine your approach, but again, it’s not updated regularly.

Compared to brokers I’ve used, notably IG and Interactive Brokers, AZAforex’s educational resources are limited.

There aren’t any tutorials, courses, podcasts, or webinars. The content can provide a decent foundation for beginners, but those seeking advanced learning will find it somewhat lacking.

Christian Harris

Author

Customer Support

My experience with AZAforex’s 12/5 customer service has been a mixed bag.

Available Monday through Friday, from 08:00 to 20:00 (UTC), I reached out via live chat and failed to receive a response in 24 hours, which is terrible considering that the forex market operates 24 hours a day.

I then tried Telegram and got a response in just a few seconds, so that’s positive.

I also noticed that the broker offers support through telephone, Skype, and WhatsApp, practical alternatives for unreliable live chat. There’s also e-mail support for less urgent matters, but no callback option.

I’ve been pleased to see that, unlike most brokers, all AZAforex clients get a personal account manager regardless of their account balance.

While the availability of support through social media platforms like Facebook, X, Instagram, and YouTube is positive, improved self-help resources, such as detailed FAQs and video tutorials, would significantly improve, as would 24/5 customer support offered by most other brokers.

Should You Day Trade With AZAforex?

Day trading with AZAforex presents a trade-off between potential benefits and substantial risks. While the broker provides an array of trading instruments like binary options, high leverage, bonuses, and promotions, several concerns warrant attention.

Operating without regulation from reputable financial authorities increases the potential for fraud or unethical behavior.

Using the proprietary Mobius Trader 7 platform raises concerns about possible price manipulation and it’s pretty basic compared to the increasingly modern software in the market today.

Moreover, limited educational resources and high deposit fees may disadvantage beginners.

If regulatory oversight and transparency are paramount, seeking out established, regulated brokers is recommended. Even if you’re an experienced trader who has fully assessed the risks and is comfortable with the terms, proceed cautiously.

FAQ

Is AZAforex Legit Or A Scam?

AZAforex’s status as an unregulated broker is a significant red flag. Although it offers a range of trading instruments and features like demo accounts, you should proceed cautiously.

Trading the proprietary Mobius Trader 7 platform presents potential risks, including possible price manipulation, fraudulent price action, or discrepancies in market data due to the absence of external validation.

Given these factors, thorough research and consideration of regulated, transparent brokers is strongly recommended.

Is AZAforex Suitable For Beginners?

AZAforex can be suitable for beginners due to its unlimited demo accounts, which allow practice without risking real money, and its various account types. However, it has several drawbacks for new traders.

The lack of educational resources and advanced research tools makes it harder for beginners to build their trading knowledge and strategy. Additionally, as an unregulated broker, it carries significant risks.

Beginners should proceed with caution and conduct thorough research before committing real money.

Top 3 Alternatives to AZAforex

Compare AZAforex with the top 3 similar brokers that accept traders from your location.

1. World Forex – World Forex is an offshore broker registered in St Vincent and the Grenadines, offering commission-free trading with a $1 minimum deposit and 1:1000 leverage. Digital contracts are also available, offering beginners a straightforward way to speculate on popular financial markets.
   Go to World Forex
2. Videforex – Launched in 2017, Videforex offers access to stock, index, crypto, forex and commodities markets via binary options and CFDs. The proprietary platform, mobile app and integrated copy trading are user-friendly and will suit new and casual traders, and the market analysis tools and trading contests provide good ways to improve your trading skills.
   Go to Videforex
3. RaceOption – RaceOption is a binary options broker operating from the Marshall Islands. With over 1,500 clients, the broker aims to offer fast funding, low fees and a secure trading environment. Traders can access over 100 binary options and CFDs, plus copy trading and weekly prizes.
   Go to RaceOption

AZAforex Comparison Table

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