AAATrade Review (2023)

Country
Cyprus
Founded
2013
Leverage
1:30
Min Deposit
500.00
Platform
WebTrader
Website
-

What is AAATrade?

The AAATrade company is a true STP broker and a licensed liquidity provider with fast execution, powerful trading platforms and transparent trading conditions,

while you may choose the best suitable option between the commission or spread basis.

AAATrade is a Cyprus based Forex brokerage firm established in

2013 with an aim to assist retail and institutional investors to access global financial markets through technology and advanced customer support. The broker established a professional environment, yet supports with education and analysis materials with numerous instruments and enlarged Crypto trading offering.

Further, in our AAATrade Review we will also see each of the proposal in detail so you can see yourself why the firm gained high rankings and is a respected broker indeed.

AAATrade Pros and Cons

AAATrade is a Regulated broker with good record, Powerful technology and platforms, Excellent support and technical analysis tools, Suitable for beginners and professionals with low CFD Fees and great range of trading instruments and investments.

For negative side, there is no 24/7 support and proposal might more suit advanced traders.

10 Points Summary
🏢 Headquarters Cyprus
🗺️ Regulation CySEC
📉 Instruments CFDs on Forex, Commodities, Shares, Indices, Futures, ETFs and 52+ Cryptocurrencies
🖥 Platforms AAATrade Web Trader, CryptoExchange
💰 EUR/USD Spread 0.2 pips
🎮 Demo Account Provided
💰 Base currencies EUR, GBP, USD
💳 Minimum deposit 500$
📚 Education The learning materials offered by the multiple packages, in-depth analytics and powerful tools for calculated strategies
☎ Customer Support 24/5

Awards

Moreover, AAATrade values the global community and acknowledges that with success comes also responsibility, for this reason, the company building a supportive working environment among the employees, customers, agents and partners.

AAATrade supports specific charitable organizations and activities alike UNICEF, Vatican Museum and many more.

Is AAATrade safe or a scam

No, AAATrade is not a scam the broker is regulated in Europe by Cyprus CySEC and is considered lower risk broker for Forex and CFDs.

Is AAATrade legit?

AAATrade is a Cyprus Investment Firm that complies fully with the necessary laws and regulations of the financial services companies under the CySEC supervision.

That also means, the broker maintains fully regulated procedures operating under the MiFID II directive, which is an EU authority to oversee the operation within the EEA and to provide smooth delivery of the services.

AAATrade also registered with major EU regulatory bodies such as BaFIN (Germany), FCA (UK) and CNMV (Spain). All clients’ funds are kept with leading Swiss banks and fully segregated from the company, hence protected by various means. Along with the money protection and negative balance protection, the operation performed by the strict international standards that enable safe trading and clear state to every investor.

Leverage

As you must know, Forex is indeed popular for its possibility of trading through leverage, which may increase your potential gains through its possibility to multiple initial accounts balance. Yet, always make sure to learn how to use tool smartly, as high leverage an incorrect use increases risks as well.

AAATrade leverage levels as usually happened depending on the instrument you trade, as well defined by the regulatory restrictions.

  • Trading with AAATrade you automatically fall under the European regulation set by ESMA which allows lower leverage through the maximum of 1:30 for major currencies, 1:20 for minor ones and 1:10 for commodities.

Instruments

What is interesting, through a relatively short time AAATrade has grown to become one of the few investment firms that are able to offer over 1,000 CFD instruments and over 60,000 Deliverable assets to trade.

So the broker delivers vast opportunities to invest in not only by the multiple account types, through CFDs on Forex, Commodities, Shares, Indices, Futures, ETFs and 52+ Cryptocurrencies but along with numerous option to diversify the portfolio.

Account Types

The account types of AAATrade offer firstly a choice between CFD Account and CryptoExchange Platform, then the diversification goes to the particular need of investor defined by experience level and the initial balance maintenance. Which are set to Novie and Experienced account group.

Therefore, if you select CFDs Trading and willing to get Basic Services all accounts require to deposit a minimum of 500$, which bringing you access to trade immediately. Further on, or if you maintain higher balances starting from 2,500$ or 25,000$ you will get an Advanced status with additional interests applied, rebates, lower commission and other benefits.

And the last category is Premier Services which mainly requires 100,000$ balance which offers a professional trading environment, low commissions and real market spread along with dedicated support, and promotional rates.

Crypto trading

The CryptoExchange Account types also bringing free access to CryotoExchange and allowing to trade 50+ cryptos where type of the services defined by the account size maintenance, the same as it offered via CFD account.

Fees

AAATrade offering a floating spread with no commissions for standard accounts, and professionals may trade through the raw spread and commission basis.  Other fees like funding or inactivity see fee table below.

Fees AAATrade fees FXOpen Fees CMC Markets Fees
Deposit fee No No No
Inactivity fee Yes Yes Yes
Fee Ranking Low Average Average

Spreads

AAATrade spreads are among lowest in the industry, you can see our AAATrade Review comparison table below for standard accounts based on a spread. While the professional account will be charged only by a commission of 4$ per lot for Forex Major pairs.  As well you may compare AAATrade fees to another popular broker HotForex for your better understanding.

Asset/ Pair AAATrade Spread FXOpen Spread CMC Markets Spread
EUR USD Spread 0.2 pips 0.5 pips 0.7 pips
Gold Spread 2.87 13 3
BTC Spread 18.85 11 0.75%

Rollover

Also, always consider AAATrade rollover or overnight fee as a cost, which is charged on the positions held longer than a day, varies on each instrument and may be checked directly from the platform.

Funding Methods

Deposit methods can be found easily in the preferred trading platform and include the most used payment methods

  • Banks Transfers,
  • Credit/ Debit Cards,
  • Crypto Wallets,
  • QIWI,
  • Neteller, FasaPay, Skrill, UnionPay.

What is the AAATrade minimum deposit?

AAATrade minimum deposit is 500$ applicable to all basic line services, while higher ones will require higher capitals, but depending on the service level you choose.

AAATrade minimum deposit vs other brokers

AAATrade Most Other Brokers
Minimum Deposit $500 $500

Withdrawals

The transaction fees are applied by AAATrade to the net amount received by the company, since the broker passes payment provider fees to you, but does not charge fees for the AAATrade withdrawal options like credit/debit cards and e-payment methods. Yet, there are still some fees may be applicable since payment providers charge some transaction fees internally.

Trading Platforms

Pros Cons
Regulated broker and good record None
Powerful technology and platforms
Excellent support and technical analysis tools
Suitable for beginners and professionals
Low CFD fees

Web Platform

AAATrade’s choice of platforms goes to a proprietary platform AAATrade WebTrader available on a desktop or mobile devices through its WebTrader or online based version and is truly easy to use software, yet with vast of powerful capabilities.

Web-based platform enables you to trade on any device, directly from your web browser, without any downloads required and by its advanced analytical features and trading capabilities.

Desktop Platform

Also, AAATrade provides access to the Cryptoexhange which is designed specifically for Crypto trading, thus you will open a separate account either for Crypto trading or for CFD trading and then trade an extensive range of cryptocurrencies or assets.

Overall, the platforms delivering a fully-equipped trading experience with all the vital tools and resources to analyze the dynamics with powerful features for professionals, as well as easy to perform for the novice traders.

Yet, professionals will enjoy trading with AAATrade too, with its One click trading with no any further confirmation to submit the order brings fast and ultimate trading capability. Also, the platform delivers Trading Signals and Chart Analysis with AAA TV that brings market news and insights.

Customer Support

Customer support remains always on hand to any questions you may have, you simply can access service via the phone lines or Live chat 24/5 or through emails.

Education

AAATrade educational materials are delivered too, along with constant support and services. The learning materials offered by the multiple packages, in-depth analytics and powerful tools for calculated strategic trading to scale the strategies and manage risks and is freely available to all clients.

Conclusion

AAATrade Review concludes a well-regulated company with strong positions in trading markets with its comprehensive, wide range of investment options. The STP operated model means you will be trading directly with the markets, thus there is no interference of the dealing room and there are no hidden commissions. AAATrade range of products, personalized offerings and experiences enables exciting opportunities or long-term relationship, also advanced educational materials, as well as the powerful platform features.

Reviews

Endy Says:
At: 2 years ago

i trade with aaatrade for years now, very good and reliable broker, i can recommend it for others without any issues.

Marek Kaminski Says:
At: 2 years ago

I completely agree with you. Been trading with them for almost 2 years, and must say-they have proven to be very reliable.