History and Background of the Company
In 2013, AAATrade jumped the gap and was established to open the world of global financial markets plus retail/wholesale traders. The brand crosses industries offering forex and CFD contracts on a wide range of assets such as stocks, commodities, indices, and cryptocurrencies.
Mission and Vision
Its mission is to create an environment where commercial traders of all levels can trade in confidence, with a high level of transparency and user-friendliness. This dream is AAATrade's leading company and brokerage service provider by focusing on innovation and customer satisfaction.
Global Presence
Reaching out to clients on an international level, the company's main office resides in Cyprus, offering services locally and in a multitude of languages. The broker adheres to standards and policies in European trading.
Pros and Cons
Pros
- No minimum deposit requirement
- Access to more than 16,000 assets, including cryptocurrencies
- Proprietary platform for trading cryptocurrencies in the stock market
Cons
- The MT4 platform that features many indicators and EAs is not available
- Withdrawal fee
Security and Regulations
Licenses:
AAATrade holds within its territory the license from the Cyprus Securities and Exchange Commission (CySEC), which is primarily for compliance with EU financial directives and formation of a secure trading environment.
Fund Segregation and Insurance:
There is a robbery and burglary safe scheme because consumer funds are held in a segregated account in a designated high street bank. Meanwhile, an eligible sustained client can be granted protection through the Investor Compensation Fund (ICF) of up to €20,000 if ever the firm is declared insolvent.
Tradeable Instruments
For Forex Pairs
For forex, you can trade 80 more pairs, which include most of the major, minor, and exotic pairs with narrow spreads and a pretty high liquidity.
Commodities
This includes gold, silver, crude oil, and natural gas, some of the most tradable commodities on the market for the customer's diversification.
Traded Index
Its customers can trade on contracts for difference related to all major global indices, such as NASDAQ, S&P 500, FTSE 100, DAX, etc.
Equity
Offering the benefit of having real stocks available on its platform, which aids both short-term and long-term investments for traders.
Cryptocurrencies
This is the spot offered in terms of flexible leveraging of the leading crypto products, including Bitcoin, Ethereum, Ripple, and Litecoin.
Account Types
Standard
Minimum deposit | 0 |
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Commission | 1.5 |
Available tools | 0 |
Leverage, min | 1:1 |
Leverage, max | 1:500 |
Margin call level | 70 |
Stop-out level | 50 |
VIP
Minimum deposit | 0 |
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Commission | 0.0 |
Available tools | 0 |
Leverage, min | 1:1 |
Leverage, max | 1:1000 |
Margin call level | 70 |
Stop-out level | 50 |
Prices and Rates
Prices and Commissions:
The minimum spread for a Standard Account starts at 0.6 pips on forex pairs. A commission may apply depending on the asset class when it comes to real stocks.
Swaps:
For overnight trading swaps, swaps usually apply. However, some accounts may be tracked as Islamic and thus exempt from swaps.
Inactivity Fees:
They are charged on accounts that have not been used for more than three months, at €50 of a transaction with such fund.
Trading Platforms
Available tools | Forex, Stocks, Indices, Metals, Energy |
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Cryptocurrencies | BTC, ETH, XRP, LTC |
MT4:
With MT4, traders can use this service, which incorporates advanced charting tools with the provision of customizable indicators as well as trading automation.
Proprietary Trading Platform:
This web-based proprietary platform has a customizable engine that is used in accessing a wide range of trading instruments.
Mobile trading apps
Apps for the mobile versions of these services should facilitate monitoring of markets, account management, and trade execution.
Customer Support
FAQ
Is the broker regulated?
Yes, CySEC approved this broker too and is responsible for regulating the actions of this broker worldwide.
What kind of platforms are there for trading?
Traders can use the MetaTrader 4 and a unique trading platform made by the company. The software package programs are available in mobile gadgets, such as iOS and Android.
How much money must I be able to deposit into my account before I can start trading?
The minimum deposit used to be about €500 for the Standard Account. A more considerable amount is hovering around that limit.
What type of accounts do you offer?
AAATrade offers Standard, VIP, Islamic, and Demo accounts to meet a variety of investor needs.
How much will the fees and commissions be applied to your account?
Spreads, real stocks transactions involving fees, swaps for night trading, and dormant accounts fees are the typical charges.
What is the highest leverage that you can have access to?
Retail clients under EU modern leverage regulations may get as much as 1:30 in leverage, while professional ones can be eligible for leverage up to 1:200.
Do they provide demo accounts?
Yes, customers can open their demo accounts with virtual money to test new strategies they have learned.
How to Contact Customer Care
Support can be obtained through live chat, email, and phone during working hours of the day and offers assistance in various languages.