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AAATrade is a brokerage firm that provides access to various financial instruments, including Forex, CFDs, stocks, commodities, and cryptocurrencies. Established in 2013 and headquartered in Cyprus, AAATrade aims to cater to both beginner and experienced traders.
With a range of account types, trading platforms, and educational resources, AAATrade presents itself as a comprehensive trading environment. This review will explore its key features, regulatory status, instruments, platforms, fees, deposits and withdrawals, customer support, reputation, and more.
AAATrade Key Features
- Access to over 16,000 tradable instruments
- User-friendly proprietary trading platform (AAATrader™)
- Support for MetaTrader 5 (MT5) platform
- Leverage up to 1:200 for professional clients
- Commission-free trading on various assets
- Comprehensive educational resources
- Dedicated customer support available 24/5
AAATrade Regulatory Status & Licenses
AAATrade is regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 244/14. CySEC is a recognized financial regulatory authority within the European Union, ensuring that brokers comply with strict operational and financial standards.
As a regulated broker, AAATrade adheres to MiFID II guidelines, offering investor protection, negative balance protection, and fund segregation to ensure a secure trading environment.
| Regulatory Authority | License Number | Fund Protection | Negative Balance Protection | Country |
|---|---|---|---|---|
| Cyprus Securities and Exchange Commission (CySEC) | 244/14 | Yes | Yes | Cyprus |
| Financial Services Authority (FSA) Seychelles | SD097 | No | No | Seychelles |
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AAATrade Trading Instruments
AAATrade provides traders with access to various asset classes, allowing for diversified trading opportunities. With a broad range of instruments, traders can explore multiple markets.
The broker offers competitive spreads and leverage options based on the selected asset class.
| Asset Class | Number of Assets | Leverage | Spreads (Typical) |
|---|---|---|---|
| Forex | 83 currency pairs | Up to 1:200 | From 0.4 pips |
| Cryptocurrencies | 52 pairs | Up to 1:5 | Variable |
| Indices | 24 | Up to 1:100 | From 1.39 points |
| Commodities | 8 | Up to 1:100 | From 0.156 points |
| Stocks | 1,000+ | Up to 1:5 | Variable |
| ETFs | 300+ | Up to 1:5 | Variable |
| Bonds | 50+ | Up to 1:5 | Variable |
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AAATrade Trading Platforms
AAATrade provides its clients with multiple trading platforms, including its proprietary AAATrader™ and MetaTrader 5 (MT5).
AAATrader™ is available on web, desktop, and mobile, offering real-time market data and advanced charting tools. MetaTrader 5, a widely used platform, features automated trading and advanced analytical tools.
| Platform | Availability | Features |
|---|---|---|
| AAATrader™ | Web, Desktop, Mobile | Real-time data, advanced charting, multiple order types |
| MetaTrader 5 (MT5) | Web, Desktop, Mobile | Automated trading, advanced analytics, customizable interface |
| TradingView | Web | Advanced charting, social trading, customizable indicators |
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AAATrade Mobile App
AAATrade offers a mobile trading application compatible with both iOS and Android devices. The app provides full trading functionalities, including real-time market updates, charting tools, and execution of trades.
The app is designed for beginner-friendly navigation, offering one-click trading and market alerts.
| Feature | iOS Rating | Android Rating |
|---|---|---|
| Mobile Trading App | 4.5/5 | 4.4/5 |
AAATrade Account Types
AAATrade offers different account types to cater to a variety of traders. Each account type comes with its own features, deposit requirements, and trading conditions.
| Account Type | Minimum Deposit | Leverage | Spreads | Commission |
|---|---|---|---|---|
| Novice Account | $0 | Up to 1:200 | From 0.4 pips | None |
| Experienced Account | $500 | Up to 1:200 | From 0.3 pips | None |
| VIP Account | $25,000 | Up to 1:200 | From 0.1 pips | 5% commission rebate |
AAATrade Commissions & Fees
AAATrade offers different pricing structures depending on the type of account. Standard accounts are commission-free, while ECN and VIP accounts have tighter spreads with commission fees.
| Fee Type | Standard Account | ECN Account | VIP Account | Swap-Free Account |
|---|---|---|---|---|
| Trading Commission | None | $7 per lot | $5 per lot | None |
| Spreads | From 1.8 pips | From 0.0 pips | From 0.1 pips | From 1.5 pips |
| Overnight Financing | Applicable | Applicable | Applicable | None |
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AAATrade Deposit & Withdrawals
AAATrade supports multiple deposit and withdrawal methods, including bank transfers, credit/debit cards, and e-wallets like Skrill and Neteller.
| Payment Method | Deposit Fee | Withdrawal Fee | Processing Time |
|---|---|---|---|
| Bank Transfer | None | €10 | 1-3 business days |
| Credit/Debit Card | 1.5% | None | Instant |
| Skrill, Neteller | 5% | None | Instant |
| Cryptocurrency | 0.2% | 0.2% | Instant |
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AAATrade Customer Support
AAATrade provides 24/5 customer support via live chat, email, and phone.
| Support Channel | Availability | Response Time | Languages |
|---|---|---|---|
| Live Chat | 24/5 | Immediate | English, French, German, Spanish, Russian |
| 24/5 | Within a few hours | Multiple | |
| Phone | 24/5 | Immediate | Multiple |
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AAATrade Education & Research
AAATrade provides comprehensive educational resources, including webinars, video tutorials, e-books, and market analysis tools.
| Resource Type | Availability | Quality |
|---|---|---|
| Webinars | Yes | High |
| Video Tutorials | Yes | High |
| Market Analysis | Yes | High |
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AAATrade Google Reviews & Reputation
AAATrade has mixed reviews across online platforms. Trustpilot shows a rating of 4.1/5 with mostly positive feedback, while some users express concerns regarding withdrawals.AAATrade
| Rating Factor | Score (out of 5) | Trustpilot Rating | App Store Rating | Google Play Rating |
|---|---|---|---|---|
| Overall User Rating | 4.1 | 4.1 | 4.5 | 4.4 |
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AAATrade Bonuses & Promotions
AAATrade provides limited promotional opportunities:
- 0.25% positive interest on free margin
- 5% commission rebate for VIP accounts
AAATrade Advantages & Disadvantages
| Pros | Cons |
|---|---|
| Regulated by CySEC | High minimum deposit for VIP accounts |
| Wide range of tradable instruments | Limited bonuses and promotions |
| Multiple trading platforms | Inactivity fee after 3 months |
Final Thoughts
AAATrade is a well-regulated broker that provides a diverse range of instruments, competitive spreads, and user-friendly platforms. Its educational resources and customer support make it a good choice for beginners. However, traders should be aware of the fees and account conditions before committing to an account.