AETOS Review: Is It a Good Broker in 2024?

Among hundreds of brokers out there, choosing the right one for forex trading can be quite a challenge. That’s why we’re taking a close look at AETOS, a significant player in the trading world since 2007. Based in Singapore, AETOS has been attracting traders of all levels.

This forex trading broker review will guide you through everything AETOS offers, from its popular platforms to the different types of accounts that suit various traders’ needs.

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AETOS: Overview 

AETOS is a global online FX and CFDs trading service provider, established in 2007. The company is headquartered in Sydney, Australia, with registered offices in international financial centers and emerging markets. AETOS serves clients from over 100 countries across four continents. AETOS has won multiple industry awards, highlighting its reputation for high-quality customer service, innovative and secure online financial technology, and safe and reliable quality services.

The broker’s website supports multiple languages, including English, Vietnamese, Indonesian, Chinese, and Thai, and offers various payment methods for deposits and withdrawals. AETOS aims to provide a premium trading service to its clients, focusing on trust, innovation, and customer satisfaction.

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Regulation and Registration 

AETOS Capital Group (UK) Limited, part of the AETOS Capital Group, is rigorously regulated by the UK’s Financial Conduct Authority (FCA) since 2013 (FCA No: 592778). This regulation ensures high standards in risk management and consumer protection. Additionally, AETOS’s membership with the Financial Ombudsman Service (FOS) offers an extra layer of dispute resolution for its clients, emphasizing its commitment to trader security and trust.

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Account Types of AETOS 

AETOS offers a range of account types. Here’s a summary of the key features of each account type available at AETOS, helping you make an informed decision.

Standard Account

• Minimum Deposit: AUD 250
• Spread: Competitive, market-based
• Commission: No specific commission mentioned; relies on spread
• Maximum Leverage: Up to 50 lots of standard contract for maximum trade size
• Instruments: Forex, indices, metals, energy, and global shares

Premium Account

• Minimum Deposit: AUD 20,000
• Spread: More competitive, typical spread 0.5 pip for EUR/USD
• Commission: Trade at market price without requotes
• Maximum Leverage: Default max of 200 lots per account (can be increased upon request)
• Instruments: Forex, indices, metals, energy, global shares, and more

Professional Account

• Minimum Deposit: Requires meeting individual wealth or sophisticated investor criteria
• Spread: Raw spread as low as 0.3
• Commission: Details not specified; emphasis on competitive pricing
• Maximum Leverage: Forex up to 400:1, precious metals 200:1, other CFDs 100:1
• Instruments: Forex, metals, energies, indices, global shares, ETFs, and more

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Deposit and Withdrawal

AETOS offers a streamlined approach to managing finances with various deposit and withdrawal channels, including local transfer, E-Wallets, and QR Code payments. Notably, QR Code transactions are instant. All transactions are conducted in USD, ensuring uniformity across international dealings. 

The processing time for deposits is immediate for QR Code payments, while wire transfers may take between 1 to 5 business days, depending on the bank’s processing speed. AETOS does not impose any additional fees for deposits or withdrawals.

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Products in AETOS

AETOS provides a comprehensive range of trading products across various markets, allowing traders to diversify their portfolios and leverage global market volatility. Here’s a list of the key products they offer:

• Forex
• Metals
• Energy
• Indices
• Share CFDs
• ETF CFDs

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Trading Platform of AETOS

AETOS provides its clients with two of the most renowned and widely used trading platforms in the forex industry: 

• MetaTrader 4 (MT4) 
• MetaTrader 5 (MT5)

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Fees of AETOS

AETOS’s fee structure is mainly based on spreads with no commissions on trades. Spreads start as low as 0.2 pips for major currency pairs. Minimum deposit requirements vary by account type: $1,000 for Silver, $10,000 for Gold, and $50,000 for Platinum. There are high withdrawal fees of $25 for wire transfers without valid trading activity and a $25 monthly inactive fee. Leverage for UK clients is up to 1:30 for forex pairs. AETOS also offers an Islamic account in compliance with Sharia law.

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AETOS Promotions

Here is the list of offering promotions during the specified periods:

1. AETOS Markets Gifts/Rewards (Cash) Promotion

• Promotion Period: From December 31st, 2023, 22:00 GMT to March 31st, 2024, 20:59 GMT.
• Eligibility: Both new and existing clients who deposit and trade within the promotional period.
• Rewards: Clients meeting certain deposit and trading criteria can redeem corresponding gifts/rewards.

2. Exclusive for New Clients – Welcome Bonus Up to USD 50,000

• Promotion Period: From October 31st, 2023, 21:00 GMT to January 31st, 2024, 21:59 GMT.
• Eligibility: New clients.
• Rewards: A welcome bonus of up to USD 50,000 based on the initial deposit.

3. AETOS Deposit Trading Credits Promotion

• Promotion Period: From December 23rd, 2023, 22:00 GMT to March 23rd, 2024, 20:59 GMT.
• Eligibility: New and existing clients.
• Rewards: Trading credits up to a total of $10,000.

For more details and to understand the terms and conditions, click here. 

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Customer Support 

AETOS Capital Group Pty Ltd

• Address: Level 15, 122 Arthur Street, North Sydney, NSW 2060, Australia
• Tel : +61 (2) 9929 2100
• Fax : +61 (2) 9929 2055

AETOS Capital Group (UK) Limited

• Address: Unit 401, Sky Gardens,153 Wandsworth Road, London, SW8 2GB
• Tel : +44 (0) 20 8104 9400

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Pros & Cons 

Pros Explained

• The broker is regulated by major jurisdictions (FCA, ASIC) and provides a significant degree of security and trust, as these are among the most respected financial regulatory bodies worldwide.
• Multiple account types allow traders to choose an account that best fits their trading style and experience, from beginners to more advanced traders.
• A wide range of instruments enhances trading opportunities and allows for a diversified trading portfolio.

Cons Explained

• The broker’s website, especially the UK version, may present challenges in terms of navigation and finding necessary information, which can be a barrier for users seeking to access services or information quickly.
• The 14-day demo account limit restricts the amount of time traders have to familiarize themselves with the platform and practice trading strategies.
• The $250 minimum deposit might deter beginners or those looking to start trading with a smaller amount of capital.

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Is AETOS Worth Considering?

AETOS, with its strong regulatory oversight by the FCA and ASIC, offers a high degree of safety and reliability, making it an appealing choice for traders who prioritize security and regulatory compliance. The broker’s offering of a range of forex and CFD instruments, along with popular platforms like MetaTrader 4 and 5, caters well to various trading preferences. 

However, potential drawbacks such as the limited 14-day demo account, a higher minimum deposit requirement, and issues with website usability and customer support effectiveness, particularly in the UK, may necessitate careful consideration. These factors, along with regional restrictions on promotions, mean that AETOS is a solid option for its safety and instrument variety. However, it may not fully align with the needs of every trader.

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FAQs

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