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Founded in 2013, AAATrade is a leading investment company for retail and institutional investors that provides access to global financial markets. AAATrade is regulated by CySEC (CIF license No.244/14) and operates legally in the European Union, the United Kingdom, New Zealand, Australia, and the United States. On its website, the broker claims "We bring together advanced technologies and market knowledge in order for our clients to achieve their investment goals".
AAATrade provides its clients with access to a wide array of stocks and CFDs for trading, which distinguishes this broker from most investment firms.
The company is also registered with major EU regulatory bodies such as BaFin, FCA, and CNMV. It is worth noting that CySEC imposes strict requirements on licensed companies and guarantees that customers` money is stored in segregated accounts. CySEC licenses only financially stable companies (forex brokers must have at least €1,000,000 in their accounts). The regulator also obliges all controlled brokerage firms to join the Investor Compensation Fund. It returns money to traders in the event of a broker`s bankruptcy. It ensures the safety of investments.
The broker works with major Swiss banks to guarantee the security of each client`s funds.
Trading conditions
The broker gives access to the following trading platform: MetaTrader4, MetaTrader5, CryptoExchange, and WebTrader. Each of these platforms is available as an app for iOS and Android. Clients can trade on any device without downloading the company`s web platforms.
Trading instruments:
- forex currencies
- gold, silver
- oil
- metals
- indexes
- cryptocurrencies
- stocks
The main instrument that the company offers for trading is CFD.
Notably, AAATrade is mainly oriented on institutional clients and professional traders as it requires a minimum deposit of $500. The company offers fixed spreads averaging 1.8 pips for the EUR/USD pair. The leverage is 1:200.
Payment methods
To replenish your trading account with AAATrade, you can use wire transfer, credit and debit cards, as well as electronic payment systems – WebMoney, Yandex, Qiwi, Skrill, Neteller. The company accepts deposits in pounds sterling, US dollars, and euros. Curiously enough, AAATrade is currently one of the CFD and forex brokers that offers a wide range of depositing options. When topping up the account, the commission is calculated depending on the selected deposit method. On the official website, in the price section, you will find information about the amount of commission. You can withdraw funds using the same method that was used when making a deposit. In this case, no commission is charged, except for wire transfer. The withdrawal procedure may take up to 4 days.
Training
AAATrade offers all clients a different training package, each of them includes detailed market analysis. The company has an Academy for traders, where forex experts hold training seminars and webinars. There you will find useful articles, various materials and forex news.
Support service
The main office is located in Limassol (Cyprus). Traders can contact the support service by phone, Skype, live chat, email, as well as via a web form, or request a callback. On the official website, it is stated that the support staff speaks 26 countries.
Feedback
Traders often complain about account blocking due to scalping where this type of trading is prohibited. There are also some problems when working with the platform. Traders note frequent disruptions. What is more, investors highlight the divergence of quotes, which always change in the opposite direction in a situation where the trader receives a small profit. Many traders are also dissatisfied with the high deposit. There are also some problems when working with the platform. At the same time, there are also positive reviews: fast execution and reasonable profit growth.
Advantages and disadvantages
To start with, the company offers a modern trading platform, a large number of assets, and fast customer service. It is very easy to open a demo account with AAATrade: just register on the official website of the company. Besides, the broker`s clients can take advantage of a mobile trading app. The official website is well-developed. Every user can find full information about the terms of trade. The broker provides a large array of assets and instruments (including CFDs), various ways to deposit and withdraw funds. It is also licensed by CySEC, which ensures the reliability and security of trade cooperation with this company.
However, a small choice of trading platforms and negative reviews about the company can scare off potential clients.
