AAATrade Review 2024 - Is Legit or Scam | Forexing.com (2024)

Description General Information Trading Preference Payment Options Trading Features Trading Instruments Promotion Support Contact Information User Feedback

AAATrade General Information

👤 Broker Name : AAATrade
🏣 Company Name : AAATrade Ltd
📅 Foundation Year : 2013
✅ Regulated by : CySEC
🏢 Headquarters : Cyprus
📉 Broker Type : Market Maker

💵 AAATrade Minimum Deposit :

500 USD
💹 Maximum Leverage : 1:500
💱 Base Currency : EUR, GBP, USD
🇺🇸 US Traders :

Our AAATrade Review

AAATrade Overview: What You Must Know About the Cyprus Based Brokerage Firm?

AAATrade Review 2024 - Is Legit or Scam | Forexing.com (1)

AAATrade is a Cyprus based firm that was founded in 2013. The broker offers services to institutional and retail traders. The brokerage firm offers traders with multiple financial instruments including 100 CFDs and more than 60000 assets, including forex, shares, commodities, futures, indices, ETFs as well as over 52 cryptocurrencies. Continue reading to find the AAATrade Review.

Trading Platforms

AAATrade offers multiple trading platforms, including the proprietary AAATrade WebTrader, that can be accessed through desktop and mobile devices. Apart from this, the broker also offers access to a crypto exchange that is used for trading cryptocurrencies only.

AAATrade Review 2024 - Is Legit or Scam | Forexing.com (2)

In essence, the broker provides the MT4 platform for trading that can be accessed through the web, mobile, and desktop. The MetaTrader4 interface offers a diverse set of tools as well as resources for trading aside to the Expert Advisors and in-built technical indicators that make trading quick and hassle-free.

Trading Account Types

In the case of AAATrade, the broker offers its clients the option to choose from a spread based account as well as a commission-only account. It must be noted the spread based account comes with commissions that are a part of the spreads. This type of account is best suited for new traders. On the other hand, the commission only account is ideal for the experienced traders that long for small spreads along with commissions. This enables them to trade when situations are favorable for them. Also, traders can either choose to set up a CFD based account or set up a separate account for trading cryptocurrencies.

The minimum deposit required for opening an account with AAATrade is 500$. However, for advanced services, you need to maintain a minimum amount of 25,000$, in addition to paying interests. As far as spreads are concerned, AAATrade offers floating spread and no commission on their standard accounts.

When we created a demo account to determine the broker’s spreads, we discovered that the spreads for the EUR/USD currency pair were around 1.8. The leverage, on the other hand, is 1:200, which is much lower when compared to others.

Deposits and Withdrawals

One must also pay heed to a broker’s deposit and withdrawal options when it comes to entering the trading market. In the case of AAATrade, the broker accepts deposits through FasaPay, Neteller, Bank Transfers, Crypto Wallets, Credit/ Debit Cards, Skrill, QIWI, and UnionPay. Also, funds are accepted in GBP, EUR, and USD.

Withdrawals at AAATrade are processed after a request for the same is placed through the trader’s trading account. Typically, the broker takes around 24 hours to process the order. However, the duration may vary by the method of withdrawal.

Regulations

It is extremely important to choose a regulated broker. With AAATrade, you won’t have to worry about the safety of your funds, since the broker is regulated by the CySEC and follows the procedures laid down by the MiFID. Apart from this, AAATrade is also a member of the EU regulatory authorities, including Spain’s CNMV, UK’s FCA, and Germany’s BaFin. Client accounts are maintained separately in premier Swiss Banks.

Conclusion

In a nutshell, AAATrade is a fully regulated broker that provides commission-free online trading. However, the broker does not allow scalping and has fixed only.

Trading Preference

💰 Minimum Spreads :
🎮 Demo Account :
📒 Mini Account :
📒 Standard Account :
✨ VIP Account :
📒 Premium Account :
📒 Segregated Account :
☪️ Islamic Account :
📒 Managed Account :
📒 Pamm Account :
📒 Affiliate Account :

Payment Options

💳 Deposit Methods : Cash-U, Credit Card, Neteller, PayPal, QIWI, Skrill, Webmoney, Wire Transfer
💳 Withdrawal Methods : Cash-U, Credit Card, Neteller, PayPal, QIWI, Skrill, Webmoney, Wire Transfer

Trading Features

📊 Trading Platforms : Web Trader, MetaTrader 4, MetaTrader 5
💰 Fixed Spreads :
📈 Commission on Trades :
📈 Hedging :
📈 Scalping :
📈 Automatic Trading :
📱 Mobile Trading :
💻 Web Trading :
🚥 Signals :
📪 VPS Services :
📧 Email Alert :

Trading Instruments

📊 Forex/Currencies :
📊 Commodities :
📊 CFDs :
📊 Indices :
📊 ETFs :
📊 Stocks :
📊 Crypto Currency :

Promotion

🎁 No Deposit Bonus :
🎁 Deposit Bonus :
🏆 Contest :
🚀 Other's Promotion :

Get Latest AAATrade Promotion

Support

👥 24-Hours Support :
👥 Support During Weekends :
🌐 Web Form :
💬 Live Chat :
🤙 Call-Back :
✔️ Support Language : English, French, German, Italian, Portuguese, Russian, Spanish

Contact Information

🌐 Website : www.aaatrade.com
📧 E-mail : [emailprotected]
☎️ Telephone : +44 203 769 2245
📠 Fax : No
📮 Address : 205, Arch. Makarios III Ave., Victory House, 1st Floor, 3030, Limassol, Cyprus.

User Feedback

  1. AAATrade Review 2024 - Is Legit or Scam | Forexing.com (3)

    Anastasia Ivaniv

    August 28, 2019 at 6:26 pm

    AAATrade provides excellent customer support, and daily educational materials. Highly recommended.

    Reply

  2. AAATrade Review 2024 - Is Legit or Scam | Forexing.com (4)

    Friedrich Weber

    August 28, 2019 at 6:37 pm

    I very satisfied with AAATrade’s customer support.
    No extra charges, and hidden commissions. When you register with AAATrade you can take the advantage of the ongoing educational materials on trading they provide you with.

    Reply

  3. AAATrade Review 2024 - Is Legit or Scam | Forexing.com (5)

    Артем

    September 4, 2019 at 6:50 pm

    AAATrade has a strong & professional customer support. Highly recommended.

  4. AAATrade Review 2024 - Is Legit or Scam | Forexing.com (6)

    Theresa Mason

    October 20, 2019 at 6:26 am

    If you have lost money to any trading/investment platform before then i advise you get in contact with financial forensics and recovery specialist on Hackassets via google mail, these guys saved my life and i hope to help someone with this information today. GOODLUCK!!!!

    Reply

  5. AAATrade Review 2024 - Is Legit or Scam | Forexing.com (7)

    Mikael Karlsson

    March 3, 2022 at 2:42 pm

    AAATrade’s customer support always solves my requests. Extensive product selection and good trading platform!

    Reply

  6. AAATrade Review 2024 - Is Legit or Scam | Forexing.com (8)

    Ben Meyer

    March 3, 2022 at 8:50 pm

    Quite an impressive trading platform, Full of all the necessary functions to make successful and effective trades. Been using the broker for 3 years now and am quite happy with this broker. Also fully regulated and offers great customer support who are polite and help with all trading matters.

    Reply

  7. AAATrade Review 2024 - Is Legit or Scam | Forexing.com (9)

    Luka

    March 14, 2022 at 9:14 pm

    AAATrade offers good platform and client support.

    Reply

  8. AAATrade Review 2024 - Is Legit or Scam | Forexing.com (10)

    Louis Martin

    March 24, 2022 at 8:19 pm

    Great customer support and platform!

    Reply

  9. AAATrade Review 2024 - Is Legit or Scam | Forexing.com (11)

    Hugo Bernard

    March 31, 2022 at 6:43 pm

    Quite Satisfied with this broker. The client support assisted me through understanding the trading platform.

    Reply

Leave a Reply

AAATrade Review 2024 - Is Legit or Scam | Forexing.com (2024)

FAQs

Is AAA trade real or fake? ›

Q1: Is AAA Trade a regulated broker? A: Yes, AAA Trade is authorized and regulated by CYSEC (Cyprus Securities and Exchange Commission) under regulatory license number 244/14.

What is the most trusted trading platform? ›

Best Online Brokerage Accounts and Trading Platforms of 2024
  • Best Overall: Fidelity.
  • Best for Low Costs: Fidelity.
  • Best for Beginners: Charles Schwab.
  • Best for Advanced Traders: Interactive Brokers.
  • Best for ETFs: Fidelity.
  • Best for Options Trading: tastytrade.
  • Best for International Trading: Interactive Brokers.

How does AAA trading work? ›

Most users can trade on the AAA Trading app as it allows commodities trading with margins as low as $5. You may speculate on a wide variety of commodities at competitive spreads. Leverage for commodities stands at 1:1000.

Will trade is real or fake? ›

A: It is not recommended to trade with Will Forex Limited due to the lack of regulation, negative reviews, and limited information available. It is advised to consider regulated alternatives.

Why is AAA so expensive? ›

AAA insurance premiums tend to be more expensive than the national average because AAA doesn't write its own policies. Each regional club operates independently and sells insurance policies underwritten by different agencies.

Does AAA still exist? ›

Established in 1902 by nine motor clubs with fewer than 1,500 members, today AAA provides more than 61 million members with automotive, travel, insurance and financial services through its federation of 32 motor clubs and more than 1,000 branch offices across North America.

Which trading is best for beginners? ›

Overview: Swing trading is an excellent starting point for beginners. It strikes a balance between the fast-paced day trading and long-term investing.

What's the best trading platform for beginners? ›

Summary: Best Online Brokers for Beginners
CompanyForbes Advisor RatingLEARN MORE
TD Ameritrade4.6Learn More Read Our Full Review
Fidelity Investments4.4View More
Charles Schwab4.3View More
Fidelity Investments4.4View More
4 more rows

What website do most traders use? ›

Of those, we'd highlight three as strong platforms for most frequent traders:
  • Fidelity Investments. ...
  • Interactive Brokers. ...
  • Charles Schwab.

How to withdraw money from AAA trading? ›

Click on your name on the top right corner then click “Finance”, a screen will pop up where you will have different tab options on the top where you will click on “Withdrawals”, choose your Withdrawal method, fill in your details, then make sure your banking details are correct by ticking the “My banking details are ...

Is AAA profitable? ›

Is AAA a nonprofit? AAA is a not-for-profit, fully tax-paying, mutual benefit corporation.

Who owns AAA company? ›

No one owns AAA, since it is a non-profit federation of auto clubs that also act as insurance agencies. As a result, AAA is not owned by a parent company or by shareholders who purchase its stock, unlike most insurance companies.

How do you identify a trade scammer? ›

Top three signs you might be dealing with a forex scam
  1. Unbalanced claims. ...
  2. Requests for money. ...
  3. Lifestyle pictures or testimonials from “successful” traders. ...
  4. Unregulated (or lightly regulated) forex brokers. ...
  5. Binary options. ...
  6. Clone firms. ...
  7. Social media scams and imposters. ...
  8. Scam signal providers.
Mar 5, 2024

Who is the best trading app? ›

Comparison Between Apps
App NameRatingsCharges
Zerodha Kite5.0/5.0No charges for equity delivery
Angel One5.0/5.0No charges for trade across any segment
Upstox App4.8/5.0Rs. 20 for per executed orders
Groww app4.6/5.0Rs. 20 or 0.05% (which is lower) per executed order
6 more rows

Do you actually get money from trading? ›

Trading is often viewed as a high barrier-to-entry profession, but as long as you have both ambition and patience, you can trade for a living (even with little to no money). Trading can become a full-time career opportunity, a part-time opportunity, or just a way to generate supplemental income.

How to trade fake out? ›

How do you trade fakeouts?
  1. Measure distance between the price and S&R levels. A potential fakeout signal is generated whenever the currency pair prices close far away from the resistance or support level. ...
  2. Measure the candlestick's wick size. ...
  3. Measure the size of the candlestick.

Is AAA a profitable company? ›

Is AAA a nonprofit? AAA is a not-for-profit, fully tax-paying, mutual benefit corporation.

What does AAA USA do? ›

AAA is a privately held not-for-profit national member association and service organization with over 60 million members in the United States and Canada. AAA provides services to its members, including roadside assistance and others. Its national headquarters are in Heathrow, Florida.

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