Overall Rating: ★★☆☆☆ (2.8/5.0)

AZAforex is an offshore forex and CFD broker founded in 2016, offering high-leverage trading on a wide range of instruments including forex, indices, metals, and cryptocurrencies. The broker promotes zero-commission trading, no minimum deposit, and instant withdrawals. However, its lack of top-tier regulation and limited transparency make it a high-risk choice for most traders. This AZAforex review explores its trading features, pricing, and whether it’s a legitimate alternative to regulated brokers.

Key Features

AZAforex offers a basic trading experience focused on accessibility and flexibility, particularly for small-scale and crypto traders.

• Trading Platforms:
  • AZA MT4 (MetaTrader 4 clone) for Windows
  • WebTrader and mobile app for Android and iOS
• Markets Offered:
  • Forex, stocks, indices, commodities, precious metals, and cryptocurrencies
• Account Types:
  • Cent, Standard, and ECN accounts
  • Crypto-funded accounts available (Bitcoin, Ethereum, Tether)
• Leverage: Up to 1:1000 on major forex pairs
• Funding: Accepts only cryptocurrency deposits and withdrawals

Regulation and Security

AZAforex operates entirely offshore with no recognised financial regulation.

• Regulatory Status:
  • Claims registration in St. Vincent and the Grenadines, but not regulated by a financial authority
• Client Fund Protection:
  • No evidence of segregated accounts or audit transparency
• Negative Balance Protection: Offered, but not guaranteed or independently verified
• Investor Safeguards: No FSCS, ASIC, or CySEC-style compensation scheme

Pricing and Costs

AZAforex markets itself as a zero-commission broker, with spreads depending on account type.

• Spreads:
  • Cent Account: From 1.4 pips
  • Standard: From 1.0 pip
  • ECN: From 0.2 pips, with commission
• Commissions:
  • ECN Account: From $4 per lot round-turn
• Minimum Deposit: $0, but practical access may depend on crypto deposit amounts
• Deposit & Withdrawal Fees: No internal fees, but network/gas fees apply for crypto
• Inactivity Fees: Not disclosed

Educational Resources and Customer Support

AZAforex provides limited education and basic customer support.

• Education:
  • Small collection of blog posts and tutorials, mostly entry-level
  • No webinars, strategy sessions, or accredited resources
• Market Analysis: No daily commentary or live insights
• Support:
  • Available 24/5 via live chat and email
  • No phone support
  • Support often described as slow or unresponsive in user reviews

Risk Management Tools

Basic risk tools are available via the trading platform.

• Stop-loss, Take-profit, and Trailing Stops: Fully supported
• Margin Calls and Leverage Control: Manual adjustments allowed
• Guaranteed Stops: Not available
• Risk Transparency: Minimal — clients must self-manage exposure

Pros and Cons

Pros

• No minimum deposit required
• Crypto deposits and withdrawals supported
• Leverage up to 1:1000
• Supports ECN-style account option
• Basic MT4-style trading experience

Cons

• Unregulated offshore broker
• No client fund protection or external audits
• Lacks transparency and detailed legal framework
• No educational infrastructure
• Crypto-only funding limits accessibility for some traders

Conclusion: Is AZAforex the Right Choice?

AZAforex offers an ultra-flexible and low-barrier trading environment, especially attractive to crypto-focused traders and those looking for high leverage. However, the absence of any credible regulation, lack of fund protection, and minimal transparency make it a risky choice.

For traders seeking security, regulatory oversight, and consistent service, AZAforex falls short. It may appeal to risk-tolerant users experimenting with small accounts, but for anything more, regulated brokers remain the safer alternative.