June 5, 2020

AETOS Review – Is AETOS Scam or Legit?

Aetos review

Regulators: ASIC,FCA

Cryptocurrencies: NO

Minimum Deposit: $250

Maximum Leverage: 1:400

Spreads: Medium

My Score: 6.1

Hello guys, Valentin will be here now with AETOS review. AETOS is an Australian Forex CFD broker. The broker is owned and operated by AETOS Capital Group Pty. Ltd.

The organization headquartered in Sydney, Australia. The class has a worldwide presence around the entire world, including at the financial powerhouses of London, UK and Shanghai, China.

AETOS is a respectable Forex brokerage company having its core fundamentals of “Fairness, Efficiency, and Intelligence” with its own doctrine of “Customer-First”.

Although AETOS is an Australian firm, the Majority of the traffic into the site is Chinese and Thai. There are 3 different regions of the site. All these are AETOS UK, AETOS Pro and AETOS Direct. You may see these on the top of the site.

You could be thinking about whether AETOS scam or maybe not. What are the account types of this broker? Can it be AETOS regulated? How good will be the trading requirements such as spreads, maximum leverage, and minimal deposit? It is possible to locate answers to all these questions within this AETOS review.

Regulation of AETOS

AETOS is regulated by the Australian Securities and Investment Commission (ASIC). The broker has an Australian Financial Services License. AETOS meets every one of the rules demanded by ASIC.

ASIC licensed brokers must meet certain requirements. By way of instance, Forex brokers must maintain partially 1 million to establish their good fiscal standing and operate lawfully. Additionally, client’s funds have to be kept in accounts different from the provider ‘s usable accounts.

Unfortunately, ASIC regulated brokers don’t provide compensation schemes unlike the UK FCA’s and Cyprus CySEC’s. Nevertheless, the broker is a member of the Australian Financial Ombudsman Service (FOS) to offer good financial services for its clients.

Also, AETOS Capital Group (UK) Limited is authorized and regulated by the Financial Conduct Authority (FCA). Registration number 592778. I checked the number on the FCA’s website and it is true as you can see in the picture down from.

Aetos regulaiton

In addition, FCA regulated brokers cover the client’s funds with the Financial Services Compensation Scheme (FSCS). The FSCS protects the client’s money up to a maximum of 50,000 per person per institutional when the broker bankrupts.

Account Types and Spreads

There are four different account types offered by AETOS. These are Mini, Standard, Professional, and Institutional account types. All account types are commission-free.

You can choose fixed or variable spreads depend on account types. Micro lots are available for Mini and Professional account types, EAs (Expert Advisors) are available for Mini and Standard account types.

The minimum deposit of the broker is $250, which is above the average. Most of the brokers require lower. Generally, they require a $100 minimum deposit.

Let’s talk about the spreads. As I mentioned above, there are fixed and floating spreads and doesn’t comprise commissions. The miniature account has mended 2.0 pips spreads on EUR/USD. Spreads to your Standard accounts are mended too and 1.8 pips.

Professional accounts type has suspended 1.8 pips stinks. I believe that 1 is your very best however the deposit for this account is still high $2000.

The previous consideration type, Institutional, has suspended 0.8 pips stinks. Spreads look as competitive, but the deposit is $50,000 with this particular account type.

The broker provides maximum leverage up to 1:400. Mini accounts type has got this leverage ratio. Standard and Professional have 1:200, Institutional has 1:100 influence ratio.

Trading Platforms

AETOS provides its Customers to trade around the MetaTrader 4 along with MetaTrader 5. Both programs have a desktop and mobile variants. You are able to use them in your own Android along with iOS mobile apparatus.

MetaTrader 4 remains the very trading popular platform since it provides everything trader requirements. MT4 features a vast variety of technical signs, advanced level graph tools, userfriendly interface, and Expert Advisors (EAs), and also step by step back-testing chances.

MetaTrader 5 is the newest Edition of the MT4. This stage also gets the similarly characteristics and more. By way of instance, you may adhere to the financial calendar on MT5.

Trading Instruments

AETOS comes with a diverse product range including CFDs, Forex, indices, assets and vitality services and products, metals and commodities. Forex commodities are including 27 currency pairs, both exotic and major pairs.

Indices such as FTSE, NASDAQ, Wall Street, Hang Seng, Nikkei and DAX. Gold and silver coins including silver, gold, aluminum, platinum and palladium.

Unfortunately, there aren’t any cryptocurrencies. This is a disadvantage for the broker because Bitcoin and other cryptos are very popular among traders.

Deposit and Withdrawal Methods

There are various deposit and withdrawal options methods. These are wire transfer, credit cards, debit cards, Skrill, Neteller, and SafeCharge. The broker accepts deposits in USD, GBP, and EUR.

The best way to deposit your account is, of course, the credit card option. But there is a %3 fee for all options except wire transfer.

Conclusion

AETOS is a duly regulated Forex broker. It has strong licenses from ASIC and FCA. It offers acceptable trading conditions. It would be better if the spreads were slightly lower. The broker has advantages but also has disadvantageous.

Their customer service was great, but they helped me a whole lot. However payment techniques are somewhat limited and also the broker needs to provide cryptocurrencies.

AETOS

5.2

Trust

6.0/10

Commissions and charges

5.0/10

Customer Service

4.0/10

Platform & Tools

5.0/10

Product Portfolio

6.0/10

Pros

  • MT4 & MT5 endorsed
  • Strong regulations (FCA, ASIC)
  • Commission-free trading

Cons

  • No Selection of trading programs
  • Payment approaches are somewhat restricted