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AAATrade Review 2021

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AAATrade Main Features
☑️
Regulations
FCA (United Kingdom), CySEC (Cyprus)
️🗺
Supported Languages
English, Spanish, French, Georgian, Greek
💰
Products
Currencies, Commodities, CFDs, Indices, ETFs, Stocks, Bonds, Futures, Mutual Funds, Crypto
💹
Max Leverage
1:200 (FCA), 1:200 (CySEC)
🖥
Trading Desk Type
ECN, STP, Market Maker, No dealing desk
📊
Trading platforms
MT5, Proprietary
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AAATrade Full Review

“AAATrade is an investment firm authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC). The broker offers 10,000+ financial CFD instruments across Forex, Bonds, Metals, Cryptocurrencies, Futures, ETFs, Indices, Stocks, all through the globally recognised MetaTrader 5 platform.”

AAATrade was founded in 2013 in Cyprus. The investment firm is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC) and offers users access to trade on more than 10,000+ financial CFD instruments across Forex, Bonds, Metals, Cryptocurrencies, Futures, ETFs, Indices, Stocks, all through the globally recognised MetaTrader 5 platform.

There are two trading account types called the Novice Account and the Experienced Account. The Novice Account is commission-free with slightly larger spreads whereas the Experienced Account is commission-based with lower spreads. A third account called the CryptoExchnage Account allows you to buy and sell more than 50+ cryptocurrencies using debit/credit cards.

There are various funding methods available including via debit/credit card, bank wire, Skrill, Neteller, Fasapay, Cryptocurrency and more. Eligible accounts holders who meet the minimum account balance can also take advantage of the ‘Positive Interest’ and ‘Commission Rebate’ programs.

The broker offers a great range of market research and educational material including Daily Market Analysis, News, Live TV, Economic Calendar, E-books, Trading Videos and a Glossary. Furthermore, multilingual customer support is available 24/5 via email, live chat, phone and contact form. There is also a comprehensive FAQ page.

Pros: Cons:
  • CySEC regulated.
  • Commission-free trading is available.
  • 10,000+ financial CFD instruments.
  • CryptoExchange Account offered.
  • ‘Positive Interest’ and ‘Commission Rebate’ programs.
  • Deposit and inactivity fees.

 

About the Author

Jitan Solanki
Author
Jitan is a currency trader and an accredited Market Technician with more than 15 years of experience working with fund managers and on several proprietary trading floors. He is regularly quoted in the financial media for his currency market insights and forecasts and is based in London.
Read More

 


Investor Protection & Regulations

“AAATrade is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC) with the name AAATrade Ltd.”

AAATrade is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC) with the name AAA Trade Ltd, as shown on the regulator’s register below:

The broker provides further security of client funds by following the below regulatory requirements:

  • Holding Funds in a segregated account from company funds.
  • Negative balance protection policy.

Tradable Products

“AAATrade offers clients the ability to trade on more than 10,000+ financial CFD instruments covering Forex, Bonds, Metals, Cryptocurrencies, Futures, ETFs, Indices and Stocks.”

AAATrade offers clients the ability to trade on more than 10,000+ financial CFD instruments covering Forex, Bonds, Metals, Cryptocurrencies, Futures, ETFs, Indices and Stocks. Below is a list of just some of the available markets for trading:

Forex Metals ETFs
EURUSD Gold Vanguard Extended Treasury ETF
GBPUSD Silver ProShares UltraShort Euro ETF
AUDUSD Nickel Ark Fintech Innovation ETF
USDJPY Cryptocurrencies Indices
NZDUSD Bitcoin Australia 200
EURGBP Dash Coin Netherlands 25
Bonds Ethereum German 30
Euro Bobl Futures Stocks
Euro Bund Cocoa Apple
Euro Schatz Coffee Google
UK Long Gilt Crude Oil Amazon

*Details regarding the available assets are taken from the AAATrade website and trading platform and are correct at the time of this review. You can find a more detailed list here.

Trading costs such as spreads and overnight funding (swap) rates vary depending on the account type opened and instrument being traded and are covered further down this review.

Account Opening

“AAATrade offers clients two main trading accounts called Novice and Experienced. A third CryptoExchange account is also available, as well as a Demo account.”

AAATrade offers clients two main trading accounts called Novice and Experienced. A third CryptoExchange account is also available as well as a Demo account. Each account comes with additional features and benefits depending on the minimum funding, as shown below:

Novice Experienced CryptoExchnage
*Leverage up to 1:30 *Leverage up to 1:30 NA
Spreads from 0.2 pips Spreads from 0.1 pips Competitive AAATrade spread
Basic services (No Min. deposit) Basic services (No Min. deposit) Basic services (No Min. deposit)
Commission Free

Competitive spreads

Free Access to AAATrade Education Center

Competitive commissions

Tight market spreads

Free Access to AAATrade Education Center

Free Access to the CryptoExchange

Free Access to AAATrade Education Center

50+ Cryptocurrencies

Advanced services (Min. deposit $/€/£ 25,000) Advanced services (Min. deposit $/€/£ 25,000) Advanced services (Min. deposit $/€/£ 2,500)
Basic services, plus:

5% commission rebate on every

trade

1 on 1 Training with certified technical analysts

0.25% Positive interest rate

Basic services, plus:

5% commission rebate on every trade

1 on 1 Training with certified technical analysts

0.25% Positive interest rate

Basic Account services, plus:

1 on 1 Training with certified technical analysts

Daily market reviews and info sent to your inbox

Premier services (Min. deposit $/€/£ 100,000) Premier services (Min. deposit $/€/£ 100,000) Premier services (Min. deposit $/€/£ 25,000)
Basic and advanced services, plus:

10% commission rebate on every trade

Dedicated account manager

Concierge services

Basic and advanced services, plus:

10% commission rebate on every trade

Dedicated account manager

Concierge services

Advanced Account services, plus:

Priority access to customer support

Dedicated account manager

Concierge services

*Professional clients can access leverage up to 1:200.

Users can open a new account in just a few steps, as described below:

  1. Sign Up: Name, email, password.
  2. Account Details: Account currency, account type and contact number.
  3. Personal Details: Date of birth, place of birth, residential address.
  4. Assessment: Questions relating to prior trading experience and investment knowledge.
  5. Economic Profile: Question relating to employment and financial details.
  6. Verify Identity: Submit proof of identity (ID or passport) and residence address (utility bill or bank statement – not more than 6 months old).

The client portal is shown below:

AAATrade does not accept clients from the following restricted countries: United States, Canada (Certain regions), FATF blocked countries.

Deposit & Withdrawals Options

“AAATrade offers a variety of deposits and withdrawals via debit/credit card, bank wire, Skrill, Neteller, Fasapay, Cryptocurrency and more.”

AAATrade offers a variety of deposits and withdrawals via debit/credit card, bank wire, Skrill, Neteller, Fasapay, Cryptocurrency and more. Deposit processing times are instant for debit/credit card but bank wires can take between a few business days.

The broker charges the below fees for deposits:

Type of Settlement Third-Party Transfers in Euro
Credit/Debit entries via direct wire transfers 10 + foreign charges
Commercial MT1xx (Charging Option OUR)* 25 + foreign charges
Commercial MT1xx (Charging Option BEN) 10 + foreign charges
Credit entries via credit/debit cards 1.5% + foreign charges
Credit entries via alternative payments* 5% + foreign charges
Credit/Debit entries via Cryptocurrencies 0.2% / Min. fee apply
Internal fund transfers Free of charge
Manual placement of Orders 5

* Alternative payments excluding Cryptocurrencies.

Although there are no withdrawal fees via debit/credit card and e-payment methods, there is a €10 bank fee for withdrawals via bank wire. Withdrawal requests are processed within 24 hours of being received.

Clients can deposit and withdraw funds through the client portal.

Web & Desktop Trading Platforms

“AAATrade offers clients the ability to trade on the globally recognised MetaTrader 5 platform for Web and PC, and its proprietary Cryptocurrency Exchange Web platform.”

AAATrade offers clients the ability to trade on the globally recognised MetaTrader 5 platform for Web and PC, and its proprietary Cryptocurrency Exchange Web platform. The platform features are highlighted below:

AAATrade MetaTrader 5 (Web/PC)

  • 21 timeframes.
  • Multiple analytical instruments.
  • Expert Advisors.
  • Advanced charting capability.

AAATrade Cryptocurrency Exchange (Web)

  • Send and receive Crypto.
  • Exchange Crypto.
  • Deposit EUR and USD.
  • Buy and Sell Crypto.

A screenshot of the AAATrade MetaTrader 5 platform is shown below and is covered in more detail in the video review.

Mobile Trading Platforms

“AAATrade offers clients the ability to access mobile trading on the go from the AAATrade Analytics, MetaTrader 5 and CryptoExchange mobile apps for Android and iOS systems.”

AAATrade offers clients the ability to access mobile trading on the go from the AAATrade Analytics, MetaTrader 5 and CryptoExchange mobile apps for Android and iOS systems. The app download links can be found in the Google PlayStore or Apple AppStore respectively.

The AAATrade Analytics app provides a range of different features including:

  • Trade and manage your account on the go.
  • Interactive user interface.
  • View videos and webinars.
  • Charting and live trading.

The AAATrade Analytics mobile trading app is covered in more detail in the video review.

Trading Features

“AAATrade does not provide any additional features from what is already available in the trading platforms offered. However, users can still access the MetaTrader Marketplace from the desktop MetaTrader platform.”

AAATrade does not provide any additional features from what is already available in the trading platforms offered. However, users who are trading using the MetaTrader 5 desktop platform can use the MetaTrader marketplace to access thousands of additional trading tools and automated strategies.

Commissions & Spreads

“Trading costs with AAATrade vary depending on the account type and the market traded. The Novice Account account is commission-free with slightly larger spreads whereas the Experienced Account account is commission-based but with lower spreads.”

Trading costs with AAATrade vary depending on the account type and the market traded. The Novice Account account is commission-free with slightly larger spreads whereas the Experienced Account account is commission-based but with lower spreads.

The below table shows the average spreads for EURUSD for both accounts and is covered in more detail in the video review:

Novice Account Experienced Account
Average EURUSD

Spread

0.2 0.1

Commissions for the Experienced Account are shown below:

Asset Commission
FX Majors 4 USD/lot
FX Minor 6 USD/lot
FX Exotic 8 USD/lot
Metals 0.0125%
Commodities 0.0125%
Bonds 0.025%
Indices 0.0125%
Futures 0.0125%
Cryptocurrencies AAA spread

Overnight funding or ‘swap’ fees are charged on positions that remain open overnight (22:00) GMT. If positions are being held over the weekend a three-day ‘swap’ charge will be charged on Wednesdays.

The broker does charge a 15 EUR inactivity account fee after three months of no activity.

Bonus & Promotions

“Eligible AAATrade accounts can benefit from receiving interest on their accounts as well as commission rebates.”

Eligible AAATrade accounts can benefit from receiving interest on their accounts as well as commission rebates. To qualify, accounts will need a minimum account balance of $/€/£ 25,000. The ‘Positive Interest’ promotion allows users to earn 0.25% yearly interest on free margin whereas the ‘Commission Rebate’ promotion offers an instant 5% commission rebate on every trade, and clients with balances over $/€/£ 100,000 are automatically entitled to a 10% commission rebate on every trade.

Customer Support

“AAATrade offers multilingual customer support 24/5 via email, live chat, phone and contact form. There is also a comprehensive FAQ page available.”

AAATrade offers multilingual (English, German, Spanish, French, Greek) customer support 24/5 via email, live chat, phone and contact form. There is also a detailed FAQ page that answers various questions relating to Account Opening, Verification, Trading Platform, Finance, CFD Trading and more.

After submitting a question through the live chat we were connected to an agent who answered our question within seconds, as shown below:

Contact Information:

  • Address:
    • Victory House, Arch. Makarios III Avenue 205, Limassol 3030, Cyprus.
  • Email:
    • sales@aaatrade.com
  • Social Media:

Research

“AAATrade offers various forms of market research including Daily Market Analysis, News, Live TV and an Economic Calendar.”

AAATrade offers various forms of market research including Daily Market Analysis, News, Live TV and an Economic Calendar. Each of these is described below:

  • Daily Market Analysis: Detailed analysis of Forex and Stocks provided multiple times a day.
  • News: Features numerous podcasts provided by Bloomberg covering important news and market events, interviews and analysis.
  • Live TV: Covers detailed technical analysis on various trading instruments in video format which are also uploaded to the broker’s YouTube channel.
  • Economic Calendar: View upcoming market events and data releases as well as overall consensus and predicted market impact.

All market research material is provided through the client portal area.

Trader Education

“AAATrade offers comprehensive educational material including E-books, Trading Videos and a Glossary.”

AAATrade offers comprehensive educational material including E-books, Trading Videos and a Glossary. Each of these is explained in more detail below:

  • Trading Videos: Covers a range of different topics including Forex Trading, Market Analysis, Trading Psychology, Trading Strategies and more. The videos are animated and to the point, however, they are generally quite short.
  • E-books: Contains four E-books on Forex, CFDs, Stocks and Cryptocurrencies. The books are relatively short and most suited to beginner traders.
  • Glossary: Provides the definitions of key trading terms.

Overall, the material is high quality but is most suited for beginner traders as there isn’t much coverage of more advanced topics.

Trading Experience

“AAATrade provides a great all-around service to clients allowing them to access over 10,000+ financial CFD instruments covering Forex, Bonds, Metals, Cryptocurrencies, Futures, ETFs, Indices, Stocks, all through the globally popular MetaTrader 5 trading platform.”

From our observations, AAATrade provides a great all-around service to clients allowing them to access over 10,000+ financial CFD instruments covering Forex, Bonds, Metals, Cryptocurrencies, Futures, ETFs, Indices, Stocks, all through the globally popular MetaTrader 5 trading platform for Web and PC.

Clients have the option to open a Novice Account that is commission-free which has slightly larger spreads or an Experienced Account that is commission-based but with lower spreads. A separate CryptoExchnage account is also available. Higher initial deposits also lead to more account benefits such as a dedicated account manager and concierge services.

Further, users who have at least $/€/£ 25,000 in their account can take advantage of the ‘Positive Interest’ and ‘Commission Rebate’ programs.

FAQ

Is AAATrade regulated?

Yes, by the Cyprus Securities and Exchange Commission (CySEC).

Where is AAATrade based?

Victory House, Arch. Makarios III Avenue 205, Limassol 3030, Cyprus.

How does AAATrade make money?

AAATrade makes money mainly through commissions, spreads and swaps on certain asset classes.

How do I deposit in AAATrade account?

Funds can be deposited into a trading account via debit/credit card, bank wire, Skrill, Neteller, Fasapay, Cryptocurrency and more.

What is the min. deposit for AAATrade?

There is no minimum deposit for the accounts’ basic services.

How do I withdraw money from AAATrade?

Withdrawals can be made via debit/credit card, bank wire, Skrill, Neteller, Fasapay, Cryptocurrency and more.

What is the max leverage in AAATrade?

1:30.

How do I open an account with AAATrade?

An account can be opened at the click of a button on the AAATrade website and can be done in just a few steps.

Does AAATrade use MetaTrader?

Yes, MetaTrader 5.

Conclusion

“AAATrade is an investment firm authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC). The broker offers 10,000+ financial CFD instruments across Forex, Bonds, Metals, Cryptocurrencies, Futures, ETFs, Indices, Stocks, all through the globally recognised MetaTrader 5 platform.”

AAATrade was founded in 2013 in Cyprus. The investment firm is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC) and offers users access to trade on more than 10,000+ financial CFD instruments across Forex, Bonds, Metals, Cryptocurrencies, Futures, ETFs, Indices, Stocks, all through the globally recognised MetaTrader 5 platform.

There are two trading account types called the Novice Account and the Experienced Account. The Noice account is commission-free with slightly larger spreads whereas the Experienced Account is commission-based with lower spreads. A third account called the CryptoExchnage Account is also available as well as a demo trading account.

There are various funding methods available including via debit/credit card, bank wire, Skrill, Neteller, Fasapay, Cryptocurrency and more. Eligible accounts holders who meet the minimum account balance can also take advantage of the ‘Positive Interest’ and ‘Commission Rebate’ programs.

The broker offers a great range of market research and educational material including Daily Market Analysis, News, Live TV, Economic Calendar, E-books, Trading Videos and a Glossary. Furthermore, multilingual customer support is available 24/5 via email, live chat, phone and contact form. There is also a comprehensive FAQ page.

  • CySEC regulated.
  • Commission-free trading is available.
  • 10,000+ financial CFD instruments.
  • ‘Positive Interest’ and ‘Commission Rebate’ programs.
broker

Your money is at risk.

See AAATrade Full Information
Broker General Information
Trading Features
Other Details
Headquarters Country
Cyprus
Foundation Year
2013
Regulations
FCA (United Kingdom), CySEC (Cyprus)
Publicly Traded
No
Number Of Employees
50-100
Trading Desk Type
ECN, STP, Market Maker, No dealing desk
Trading platforms
MT5, Proprietary
Restricted Countries
United States, China, Russian Federation, Belgium, France, Turkey, United Kingdom, Australia, Israel, Austria, Spain, Canada, Germany, Italy, South Korea, India, Greece
Supported Languages
English, Spanish, French, Georgian, Greek
Max Leverage
1:200 (FCA), 1:200 (CySEC)
Deposit Options
Wire Transfer, Credit Card, Cryptocurrencies, Skrill, Neteller, Webmoney, Cash-U, QIWI
Withdrawal Options
Wire Transfer, Credit Card, Cryptocurrencies, Skrill, Neteller, Webmoney, Cash-U, QIWI
Cryptocurrencies
Bitcoin, Augur, Cardano, Dogecoin, Litecoin, Gnosis, Melon, Zcash, Ripple, Monero, Stellar, Dash, TRON, EOS, Ethereum, Tether, Polkadot, Chainlink, Tezos
Fixed Spreads
Yes
Commission On Trades
Yes
Products
Currencies, Commodities, CFDs, Indices, ETFs, Stocks, Bonds, Futures, Mutual Funds, Crypto
Mini Account
Yes
Premium Account
Yes
Demo Account
Yes
Islamic Account
Yes
Segregated Account
Yes
Managed Account
Yes
Institutional Account
Yes
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