AAATrade Review 2024 – User Opinions on This European Trading Platform

Is AAATrade Safe to Deposit and Trade With?

After examining AAATrade’s regulatory and security protocols, it appears the broker is likely safe to trade with based on how they are regulated and how they handle client funds.

AAATrade was founded in 2013 and is based in Cyprus. It is regulated by the Cyprus Securities and Exchange Commission (CySec).

Being regulated is a key condition that traders look for in a broker; if a broker is regulated then it is under the supervision of a third party and must adhere to local laws.  CySec is referred to as a tier 2 regulator – better than no regulation, but not inspiring as much confidence as a tier 1 regulator such as those in the UK, US, Canada, or Australia.

AAATrade keeps client’s funds in a separate account, held in trust, which is another great feature traders look for in a broker. It means if AAATrade becomes insolvent, your funds are safe in a separate account and can’t be used by AAATrade. AAATrade has a TrustPilot score of 3.3 out of 5, but there are only 10 reviews.

AAATrade Trading Fees and Account Types

AAATrade trading fees can get a little complicated, as there are significant differences based on the account type you open. Read this over carefully before deciding to open an account.

Here is a quick summary of the AAATrade account types:

AAATrade also offers Portfolio Management and Financial Advisory services, but retail traders are likely most interested in the accounts above for trading purposes.

These accounts have drastically different fees. The chart below shows average spreads and commission costs to give you an overview of the fee structure of each account.

Looking at the fee structure and outline of the spreads AAATrade offers, there are some things to be wary of. The Novice and Experienced accounts both have high fees. The spreads are larger than what other brokers offer, and the spread on crypto is the highest I have seen from any broker.

Large spreads make it more difficult to trade profitability, since the price has to move such a large distance just for the trade to break even. To make things more complicated, there are different commission costs on the Experienced account for each asset traded.

Each stock exchange also has different commission costs and minimum charges.

Considering there is also a spread on top of these commissions, AAATrade is charging quite high fees on the CFD accounts. The Securities account seems like a good deal, as it offers no commissions and market rate spreads (with no markup by AAATrade).

This may work well for you if you want to trade Securities without leverage. However, be aware of the hidden fees, such as those listed on this page.

One is the 0.65% “safe-keeping” fee per year, which is charged daily on your positions. For no commissions or spreads, that is not a bad fee to pay per year – but you will also want to check the other hidden fees on the link above and see if any apply to you.

There is no minimum deposit on any account, so you can deposit as much as you like. If you maintain a $£€25,000 balance, you receive a 5% discount on commissions.

Customers receive a 10% commission discount with a $£€100,000 balance. For crypto currencies, in addition to the spread, there is a 5% charge for converting crypto to fiat, and a 1% charge for converting one cryptocurrency to another.

AAATrade Product Offerings

AAATrade offers a nice range of products. With the exception of options, you can trade most asset classes.

Here are the assets you can trade with AAATrade. Keep in mind, these are CFDs unless trading in a Securities account.

In total there are more than 10,000 assets to trade including all the popular assets, like gold, silver, oil, Bitcoin, EUR/USD, and most stocks from around the world.

AAATrade Promotions and Bonuses

Promotions and bonuses are an incentive the broker offers to entice new or existing clients. Here are the current AAATrade promotions.

AAATrade offers 0.25% interest on free margin (unused capital) as well as a 5% commission rebate on every trade with a balance above $£€25,000. With a balance above $£€100,000, the commission rebate increases to 10% and you still receive the 0.25% interest on unused capital.

AAATrade Deposit and Withdrawal Methods, and Minimum Deposit and Withdrawal Amounts

AAATrade does not have minimum deposit and withdrawal amounts. You can deposit as much or as little as you wish.

With AAATrade, you’re able to deposit and withdraw, without limit, to and from any account type. As long as you have the capital in your account to withdraw, you can withdraw up to that amount.

Withdrawals are typically processed within 24 hours. How long it takes to get to you will depend on the withdrawal method used. Deposits are put into your trading account as soon as they are received.

AAATrade does not charge withdrawal or deposit fees, although third-party payment providers may charge a fee. The following deposit and withdrawal methods are available:

• Bank transfer
• Credit/debit card
• Crypto wallet
• QIWI
• Neteller
• Skill
• FasaPay

Some other third-party payment providers may be available depending on your local area.

AAATrade Trading Platforms and Apps

AAATrade provides a number of trading platforms that can be used on the go or from a desktop. Here are the platforms offered.

No matter what market you want to trade, you can trade it from a mobile device or desktop with AAATrade.

• AAATrade Web – Login via the website and trade. No download required.
• AAATrade Mobile – Download the Android or Apple app and trade on the go.

• MT5 Platform – Download MetaTrader 5 to your computer. Open the platform whenever you want to trade.
• MT5 WebTrader – Log into your AAATrade account via MT5 and trade anywhere there is an internet connection. No download required.
• MT5 Mobile – Prefer using the MT5 app to trade instead of the AAATrade Mobile platform? No problem. You can download MT5 to Android or Apple devices and trade on the go.
• CryptoExchange – Open CryptoExchange by logging in to the AAATrade website or by downloading the app. The platform allows you to trade crypto with ease (just beware of AAATrade’s high spreads!)

MetaTrader 4 and 5 are popular forex trading platforms. They provide simple execution, charts, and the ability to code your own strategies and indicators – or even download and use other people’s codes. MT5 is a good choice to have.

I personally found the AAATrade platform lacking in features, especially when it comes to charting. There are too few indicators, not many time frame choices, not many chart types, and it was hard to zoom in and analyze historical price periods. That said, if you are doing your analysis elsewhere, the platform is suitable for placing trades.

AAATrade Support and Education

AAATrade offers good support, in many languages, via phone, chat, and email.

Here are the contact details for AAATrade if you need to get in touch with them:

Online chat: Access on the Contact Page.
Email: Access on their Contact Page.

Phone: +357 250 300 60 (Cyprus)

Users have indicated that customer support is quite responsive and polite. In terms of education, AAATrade doesn’t offer much. They post a very brief market analysis each day on a random asset.

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