AAATrade Forex Broker Review
AAATrade is an investment firm offering online brokerage services. Regulated by MiFID and CySec, this global financial services provider aims to bring a comprehensive service to its clients, meeting their investment needs with strategic and accurate insights. The company’s financial expertise has resulted in a full service broker platform which caters for the differing needs of businesses, market companies and individuals all over the world. Offering technologically advanced trading platforms together with customised trading tools, this broker offers more than 200 Forex instruments for trading. Customers are high priority for AAATrade and their satisfaction is paramount, with multilingual support available and advice that helps traders at all levels of experience make the right decisions about their investments in both the long and short term. AAATrade charge no fees or commission, offer tight spreads and ensure that trade executions are rapid and are effectively encrypted for extra security.
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Features of AAATrade
AAATrade have many excellent features that set them apart from their competitors. Some of these include:
- Dedicated and expert account managers
- Personalised training in CFDs and Forex
- Live chat facility in more than 15 different languages
- Multilingual customer support
- Current market analysis
- Continual market updates, commentary and news feeds
- Access to specialists in expert trading
- Chart reading and technical analysis
- 1 to 1 instruction and training
- customised training packages
- free demonstration accounts
- video tutorials
- Seminars, webinars and workshops
- free education on trading for novices
Account Types Offered by AAATrade
AAATrade aims to meet the varying needs of different types of client and therefore they offer two account types: corporate and individual. Both enjoy high quality customer service, however individual accounts are designed to be operated by one individual while corporate accounts are owned and run on behalf of corporations. There is also the option of opening a demonstration account for free which allows potential clients to try out the AAATrade advanced trading platform and customised trading tools before risking any of their own money. It is also possible to open a joint account. The minimum deposit amount required to open any AAATrade account is $500, however there is no maximum limit imposed.
AAATrade’s Trading Platform Options
AAATrade uses the most advanced trading platforms on the market in order to give its clients that best possible trading experience. With access to over 200 different tradable instruments, the user friendly platform can be quickly and easily downloaded with a link from the company’s website and it is reliable and allows fast execution of trades. The all-in-one platform caters for the needs of all levels of investor from the beginner to the professional, and gives access to up to date market updates and live feeds from over 35 stock exchanges and countries. Trading is offered with leverages of up to 500:1 and clients can benefit from up to date trading signals, trading tools and chart reading. For those who would prefer to trade without the need to download memory intensive software, it is possible to use the WebTrader platform which allows access to trade execution without the need for any installations from any internet enabled devices. It is also possible to download software to mobile devices like smartphones and tablets so that those clients who want to check their trades while on the go can enjoy an impressive level of service across four devices.
Funding AAATrade Live Trading Accounts
AAATrade have a well designed and simple funding process, with all deposits being made from the website’s home page. All transactions are very secure and there are a number of possible banking methods including:
- Bank Wire Transfer
- Credit cards
- Web Money
All financial transactions are very secure as the site complies fully with the PCI Data Security Standard which is the top level of online protection. All information is kept on secure servers for the clients’ peace of mind. Deposits are processed quickly, with bank cards being processed instantly. Bank wire transfers, however, may take up to 3 working days to clear. No transactions fees are charged by AAATrade, however some banks will charge a fee and these will depend on the method you have chosen for your deposit. Deposits can be made in four different currencies:
- US Dollars
- Pound Sterling
Withdrawals are also very easy to action thanks to the broker’s automated system . Withdrawal requests are made online and transfer of funds is usually very quick, often within 24 hours. Bank card withdrawals may take two business days, however bank wire transfers can take longer – around 3 days. All of AAATrade’s withdrawal methods are secure, safe and convenient and can be done to either a credit or debit card or through bank transfer. The broker places no minimum or maximum limits on withdrawals for the trader’s convenience.
How to Contact AAATrade
AAATrade take customer service seriously and are aware that they need to provide for the needs of their clients around the globe. For that reason, they offer support in multiple languages, with telephone numbers provided on their website for no less than 27 different countries. There is also an online web contact form which can be accessed through the website and AAATrade maintain a social media presence through all of the most popular channels: Facebook, Twitter, Google+, LinkedIn and YouTube. There is also an email address provided where queries can be addressed.
Overall, AAATrade is quite an impressive broker, with a high quality trading platform which offers mobile accessibility. With more than 200 tradable assets to choose from, there is plenty of choice to suit all needs and the broker’s many excellent features including their educational resources are appealing to many clients worldwide. There are, however some downsides. The lack of a choice over account types could deter the most experienced traders from registering as they may prefer to take advantage of the VIP privileges offered elsewhere.