A+ Trader Review 2024


1 / 5
A+ Trader is #108 in our CFD broker rankings.

A+ Trader is a forex and CFD broker with MT4 access, MAM accounts and educational content, available for a minimum deposit of $100. However, our experts have safety and security concerns.

$100
MT4
CFDs, Forex
100% deposit bonus
USD, EUR, GBP, NGN
PayPal, Bitcoin Payments, Wire Transfer, Flutterwave, Debit Card

Forex Trading

A+ Trader clients can speculate upon 30 different currency pairs on the industry-leading MT4 platform.

CFD Trading

A+ Trader offers CFD trading in a few major stock indices.

A+ Trader is a forex and CFD broker that claims to offer clients a transparent platform for online trading. But is it safe? This comprehensive review delves into all aspects of the broker’s services, from trading tools and assets to security and regulation. Read on to find out whether A+ Trader is the right broker for you.

A+ Trader Headlines

A+ Trader is an established broker founded in London over a decade ago, specialising in forex trading services to retail clients. The company provides both foreign exchange and CFD trading services to clients across Europe and Asia, along with access to MT4 and swap-free accounts for Islamic traders.

Trading Platform

A+ Trader provides access to the world-leading MetaTrader 4 (MT4) platform. This software is highly regarded by the forex community, suitable for both beginner and expert traders. The platform offers a range of advanced analysis tools and automated trading functions and has been praised for both its speed and reliability.

The MT4 system boasts:

A Plus Trader desktop platform
MetaTrader 4

Assets

A+ Trader’s supported assets are not very clear. The broker’s website suggests that its clients can trade with 30 currency pairs and a few indices CFDs. However, commodities assets are discussed elsewhere on the website and the broker has an account type called ‘A+ Stocks’, suggesting that these assets may be supported.

Spreads & Fees

Spreads advertised on the A+ Trader site start low, at 0.5 pips. However, actual spreads can be much higher. For example, the EUR/USD spread once an account has been opened sits around 2.4 pips, a whole pip higher than the industry average of 1.5 pips.

A+ Trader does not charge clients for outgoing withdrawals. Overnight financing fees may be applied to certain trading positions held when the market closes.

Leverage

A+ Trader offers margin trading opportunities for its clients, with a range of rates available for different account types. Maximum rates start at 1:200 for the Micro account and go as high as 1:1,000 for the Zero account.

Margin call levels are 48% and stop-outs are 20% across the board.

Trading with leverage should always be done so with caution and proper risk management. Without negative balance protection, you could lose more money than you initially deposited, so take care.

Mobile Apps

A+ Trader clients can access their accounts on their mobile devices through the MT4 mobile application. This app provides most of the functionality of the desktop and web-based versions of MT4, though not some of the charting functions and algorithm customisation options.

Nonetheless, the A+ Trader mobile platform can be downloaded for Apple (iOS) and Android (APK) devices and offers a range of timeframe, chart types, technical indicators, graphical objects, order types and account management options.

Payment Methods

Deposits

A+ Trader supports a range of deposit methods, including bank wire transfers, Visa and Mastercard debit and credit cards, PayPal and cryptocurrency transactions like Bitcoin, Ethereum, Tether and Dogecoin.

Minimum deposits depend on the account type being opened. The A+ Micro account requires $100, whereas the A+ Zero account needs $35,000. Deposits do not incur a fee with this broker.

Withdrawals

A+ Trader does not charge fees on withdrawals, offering a distinct advantage over some other brokers. Withdrawals can be transferred to your bank account, card or e-wallet, though must be done through the method used to make your deposit.

The A+ Trader withdrawal process usually takes 24 hours (or one business day).

Deals & Promotions

A+ Trader currently offers new clients up to five protected deals, depending on the type of account chosen. These deals prevent any real loss on the first however many positions opened by the client.

The broker also offers a range of other financial incentives, including a 100-150% deposit bonus and an emergency bonus of up to $3,000 (both depending on the account type chosen).

We recommend that you are always wary of financial incentives as they may have hidden charges or difficult terms regarding withdrawals. For example, some bonuses require a trading volume of several million dollars before they can be withdrawn.

Account Types

Customers of A+ Trader can choose from seven different account types, each with different trading strategies, experience levels and financial markets in mind. All options come with MT4 access, variable spreads, 0.01 lots minimum trade, a 48% margin call and four base currencies: USD, EUR, GBP, NGN

A+ Micro

A+ Standard

A+ Pro

A+ VIP

A+ Platinum

A+ Zero

A+ Stock

Islamic swap-free accounts are also available, fully compliant with Shariah law.

Regulation

A+ Trader claims to be regulated by both the FCA in the UK and the FSA in St. Vincent and the Grenadines. However, there is no evidence that this is the case on either of the financial watchdogs’ websites. Moreover, the inclusion of financial incentives indicates that the broker is not regulated by the FCA (these are banned in the UK), suggesting the broker is being dishonest with this information.

Therefore, we would recommend that traders look for a regulated broker, which affords them financial and legal protection in the case of malpractice or insolvency. However, this is not to say the broker will scam you, it does still appear to offer valid trading opportunities.

Additional Features

Education

A+ Trader claims to offer a suite of educational content on forex and CFD trading from experienced consultants, including advice on strategies and ‘secrets for better earning’. Additionally, there are regular market insights provided free for all customers. However, there is no hint of these sections in the website sitemap.

Multi-Account Manager

The A+ Trader Multi Account Manager (MAM) software is designed for traders with more experience to manage a range of accounts at the same time, taking a cut of the overall profits. On the flip side, clients with less time or experience can use these to take the effort out of trading, leaving the heavy lifting to fund managers.

Benefits

Drawbacks

Trading Hours

A+ Trader clients can invest and trade at all times the markets are open. The forex market is open 24 hours a day, from 17:00 EST Sunday to 16:00 EST Friday.

Customer Support

The A+ Trader customer support team can be contacted by:

Alternatively, customers can fill out a feedback form, found in the ‘Contact Us’ section of the broker’s website.

Once an account has been registered, A+ Trader clients can contact the support team 24/7 via phone, email, Skype or Whatsapp.

Security

A+ Trader aims to provide its customers with a safe and secure trading environment. A+ Trader uses a high-security web portal to keep clients’ information private.

However, we do not trust this broker given the weak regulatory oversight and poor-quality website with misleading claims.

A+ Trader Verdict

A+ Trader is a forex broker with an average range of currency pairs and CFD assets, accessible through the industry-renowned MT4 platform. Moreover, the broker provides a range of educational content and supports MAM accounts for those with less time on their hands. Deposits and withdrawals are free and leverage rates are competitive, though minimum deposits are relatively high, with the lowest at $100. We also had serious safety concerns due to the misleading regulatory information.

FAQs

What Platforms Does A+ Trader Use?

With an A+ Trading account, clients have access to the MetaTrader 4 platform. MT4 is widely acknowledged to be one of the top trading platforms on the market thanks to its ease of use, impressive charting capabilities and large number of analytical tools available.

How Much Capital Do I Need To Trade With A+ Trader?

An A+ Micro account can be set up with as little as $100. To access accounts with higher leverages, suitable for experienced traders, a larger deposit is required.

Does A+ Trader Charge Deposit Or Withdrawal Fees?

No, A+ Trader does not charge its clients deposit or withdrawal fees.

What Support Is Available To A+ Trader Customers?

Trading support is available 24 hours a day, 5 days a week, during trading hours. Outside these hours, customer support is available, though specific trading help is not.

Is A+ Trader A Good Broker?

A+ Trader is not a good broker, with relatively high minimum deposits and no regulation. And while clients can access the MT4 platform and trade both CFDs and foreign exchange, we recommend caution.

Top 3 Alternatives to A+ Trader

Compare A+ Trader with the top 3 similar brokers that accept traders from your location.

  1. AvaTrade – AvaTrade is a leading forex and CFD broker, established in 2006 and regulated across 9 jurisdictions. Over 400,000 users have signed up with the broker which processes over 2 million trades each month. The firm offers multiple trading platforms, including MT4, MT5, and a proprietary WebTrader. 1250+ financial instruments are available for day trading, from CFDs to AvaOptions and now AvaFutures, alongside a comprehensive education center and multilingual customer support.
    Go to AvaTrade
  2. Pepperstone – Established in Australia in 2010, Pepperstone is a top-rated forex and CFD broker with over 400,000 clients worldwide. It offers access to 1,300+ instruments on leading platforms MT4, MT5, cTrader and TradingView, maintaining low, transparent fees. Pepperstone is also regulated by trusted authorities like the FCA, ASIC, and CySEC, ensuring a secure environment for day traders at all levels.
    Go to Pepperstone
  3. IG – Founded in 1974, IG is part of IG Group Holdings Plc, a publicly traded (LSE: IGG) brokerage. The brand offers spread betting, CFD and forex trading across an almost unrivalled selection of 17,000+ markets, with a range of user-friendly platforms and investing apps. For 50 years, IG has maintained its position as an industry leader, excelling in all key areas for traders.
    Go to IG

A+ Trader Comparison Table

Compare A+ Trader With Similar Brokers
A+ Trader AvaTrade Pepperstone IG
Rating 1 4.9 4.8 4.4
Markets CFDs, Forex CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting, Futures CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto, Spread Betting CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting
Demo Account No Yes Yes Yes
Minimum Deposit $100 $0 $0
Minimum Trade 0.01 Lots 0.01 Lots 0.01 Lots 0.01 Lots
Regulators ASIC, CySEC, FSCA, ISA, CBol, FSA, FSRA, BVI, ADGM FCA, ASIC, CySEC, DFSA, CMA, BaFin, SCB FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA
Bonus 100% deposit bonus
Education No Yes Yes Yes
Platforms MT4 WebTrader, AvaTradeGO, AvaOptions, AvaFutures, MT4, MT5, AlgoTrader, TradingCentral, DupliTrade MT4, MT5, cTrader, TradingView, AutoChartist, DupliTrade Web, ProRealTime, L2 Dealer, MT4, AutoChartist, TradingCentral
Leverage 1:1000 1:30 (Retail) 1:400 (Pro) 1:30 (Retail), 1:500 (Pro) 1:30 (Retail), 1:250 (Pro)
Payment Methods 5 13 11 6
Visit Visit Visit Visit Visit
Review AvaTrade
Review
Pepperstone
Review
IG
Review

Compare Trading Instruments

Compare the markets and instruments offered by A+ Trader and its competitors. Please note, some markets may only be available via CFDs or other derivatives.

Compare A+ Trader Trading Instruments
A+ Trader AvaTrade Pepperstone IG
CFD Yes Yes Yes Yes
Forex Yes Yes Yes Yes
Stocks No Yes Yes Yes
Commodities No Yes Yes Yes
Oil No Yes Yes Yes
Gold No Yes Yes Yes
Copper No Yes Yes Yes
Silver No Yes Yes Yes
Corn No Yes Yes No
Crypto No Yes Yes Yes
Futures No Yes No Yes
Options No Yes No Yes
ETFs No Yes Yes Yes
Bonds No Yes No Yes
Warrants No No No Yes
Spreadbetting No Yes Yes Yes
Volatility Index No Yes Yes Yes

A+ Trader vs Other Brokers

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A+ Trader is a forex and CFD broker with MT4 access, MAM accounts and educational content, available for a minimum deposit of $100. However, our experts have safety and security concerns.