AAATrade reviews

AAATrade_logo AAATrade 6/10 (votes 2374)

On-line since: 2014
Country of origin: Cyprus
Regulation: Cyprus Securities and Exchange Commission (CySEC)
Payment options: credit cards, wire transfer, electronic payments
Minimum account size: $500
Minimum lot size: 0.01 lot
Leverage: up to 1:200
Spreads: fixed

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.

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Comments about broker

Katrina trader
review AAATrade
22-06-21

I never encountered any problem while trading at AAATrade. This is expected since the broker is strongly regulated and they really provide high quality services. The platform is always in good condition thus my trading activities are always smooth.

Bersha trader
review AAATrade
10-06-21

I am not satisfied with this broker. Slow performance and irresponsible of their promises. They work very unprofessional, most of the trading process of the platform they use is always error and minimum account size is higher compared to other brokers. I has been got profit $1000 in my balance. When I tried to withdraw $520, they were disable my account. They don’t process requests regularly and that ruins my trading plan. I waited more than two weeks to withdraw successfully my profits.

Eleni K trader
review AAATrade
06-10-20

AAATrade is a remarkable broker. I have been seeing this broker on ads way back but it was only recently when I had the courage to start trading. Of course, due to the great reputation of AAATrade, I chose this broker. I knew right away that I made the right decision when I made my first few trades and I was not interrupted by technical issues or slippages. It is no wonder why many people trust this company.

Liu Xin trader
review AAATrade
16-09-20

I noticed that some of my money on my trading account was missing and when I called them, they told that it was due to the trades that I opened which I never did. Slow execution of trades, filter and manipulate data prices and the worst is withdrawal. Everything was so bad with this broker.

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