AAATrade Review 2023

3.5 / 5
AAATrade is #108 in our CFD broker rankings.

I've had some time to test out the platforms and I think AAATrade will best suit anyone looking to build investment portfolios alongside diversified CFD trading opportunities. It's also an excellent choice for anyone looking for a wide range of crypto CFDs.

- Daytrading Review Team

AAATrade is a forex and CFD broker established in 2013 and regulated by CySEC. The STP broker offers tens of thousands of Stocks, ETFs, CFDs, securities and cryptocurrency products on the proprietary and MetaTrader platforms. Traders can benefit from standard retail accounts as well as portfolio management and advisory services.


Demo Account

Bonus Offer

Trade Signals
CFD, Forex, Crypto, Stocks
Credit Card, Debit Card, Neteller, Bitcoin Payments, UnionPay
and 4 more
Forex Trading

AAATrade offers 80+ forex pairs, including majors and minors, which is a competitive range and more than most brokers I have reviewed. I was also able to take advantage of the broker's daily technical insights with chart analysis, as well as the live economic calendar.

Stock Trading

I'm impressed with the broker's vast range of global stocks across the US, Canadian, European, Asian and UAE markets, as well as popular ETFs. There's also 20+ stock indices tradable via CFDs or futures. Novice accounts are commission-free, whilst Experienced accounts can expect low commissions from 0.125% for most exchanges.

CFD Trading

During my tests, I found thousands of leveraged CFD products across forex, indices, commodities, stocks and cryptocurrencies. Commissions are competitive and I particularly enjoyed using all the free CFD trading resources available in the demo account.

Crypto Trading

I was impressed with AAATrade's range of 50 cryptocurrencies, including Bitcoin and Ethereum, which is more than most brokers I review. I was particularly glad to see a good mix of crypto-crypto pairs, as well as some crypto-fiat pairs against USD and EUR.

✓ Pros

  • I was glad to see commission-free trading available in the Novice account, though seasoned traders can also benefit from low commissions from 0.125% in the Experienced account
  • There's a good range of trading platforms, including the new AAATraderâ„¢ and MT5 mobile app. I particularly appreciated the broker's in-house crypto exchange platform
  • I feel assured the AAATrade is regulated by tier-1 authority, the CySEC and is also a member of the Investor Compensation Fund (ICF)
  • I like that there is no minimum deposit for both the Novice and Experienced Accounts, making the broker accessible for all traders
  • I was very impressed to find a $100,000 demo account available with free access to webinars and forex education

✗ Cons

  • I'm a little disappointed that fees charged on deposits, which puts the broker behind most competitors offering free deposits
  • Crypto trading does not have the same protection or regulation as other markets, though this is industry standard

AAATrade is a broker and trading platform which caters for retail traders, institutional investors and other brokers. Thousands of financial instruments and products are offered, including the opportunity to exchange cryptos. This review will look in more depth at AAATrade’s product offering, its fees, regulation and more.

Broker Headlines

The company was established in 2013 in Cyprus, with its purpose to ensure clients of various sizes had access to a wide range of financial products for trading. AAATrade is regulated by the Cyprus Securities and Exchange Commission (CySEC), and is also regulated by BaFin, the FCA and the CNMV.

AAATrade caters for both retail and institutional clients, while recognising that every trader is different. There are some who want access to portfolio management and some who don’t. There are some who prefer an account with zero commission and those who would prefer low commissions and tighter spreads. And there are traders who’d rather trade on just the price movement of an underlying asset, whereas others would rather own the asset itself. AAATrade recognises these differences – and caters for all.

Trading Platforms

AAATrade offers various types of trading platforms: a mobile app designed for trading on the go, a desktop app downloadable to your device, and a web-based version. Let’s look at each one:


MT5 Webtrader

MT5 Desktop Download

MT5 Mobile App



Users can trade tens of thousands of assets on AAATrade:

Fees & Spreads


When trading CFDs, AAATrade offers different spreads and commission rates depending on the chosen account. With a Novice Account, there is zero commission with AAATrade making its money through spreads. This account is comparable to the commission-free trading accounts offered by Trading 212 and eToro.

With an Experienced Account, a commission is charged but spreads are generally lower. For forex majors, a charge of 4 USD/lot applies. For assets traded on the London Stock Exchange, it is 0.85%. Minimum commission applies, even when trading in small volumes.


The average CFD EUR/USD spread on the AAATrade Novice Account is 0.0002 (equal to 2 pips). This is a reasonably high spread for such a liquid market.

For CFD Brent Crude futures, the average spread is 0.2 and for the FTSE 100 index, it is 5.31. Average spreads change frequently.

Note, spreads also apply to crypto pairs.

Other Fees

Overnight rollover fees are applicable when you hold a CFD position overnight on AAATrade.

There are also safekeeping fees (Global Custody Services). For portfolios of up to 5 million euros, this is charged at 0.65% p.a. (note, minimum fees apply). This fee is usually debited on the close day of the position.

Other fees may also apply for securities when trading through AAATrade, including execution fees and other custody fees. A 1% exchange fee is charged for all exchanges between fiat currencies.

5% exchange fees are charged when exchanging a fiat currency to cryptocurrency or vice-versa. When exchanging crypto with another token, the exchange fee is 1%.

Traders should also be aware that when transferring crypto between an AAATrade virtual wallet and an external wallet, a 0.2% fee per transfer is charged to cover miners’ fees. Minimum charges apply.

Institutional traders of crypto should contact AAATrade for pricing details.

Be aware of deposit and withdrawal fees too, which are explained further down.

AAAtrade Platform
AAATrade Platform


On AAATrade, the maximum leverage ratio for CFDs is 1:200. CFDs are a leveraged financial instrument, meaning greater exposure to risk. Let’s say that the margin requirement is 10%. This means an investment of £100 would actually mean exposure to £1,000 of potential losses. Luckily, AAAtrade offers negative balance protection, meaning you cannot lose more than your deposit amount. If your account slips into the negative, this will be capped by the brokerage.

Note, no leverage is available when investing in securities.

Mobile Apps

At this stage, those wanting to trade traditional assets and instruments using a mobile/tablet app should use the MT5 mobile app. Developed by MetaQuotes, MT5 is a familiar platform for many traders, with rich features, a range of technical analysis instruments and various trade orders. The MT5 mobile app can be downloaded on iOS or Android.

AAATrade is working towards releasing its own mobile app that will allow users to trade over 60,000 assets.
The company also has their own separate CryptoExchange app to give customers the opportunity to delve into the world of digital currencies, although this is currently undergoing maintenance.



AAATrade accepts the following deposit methods:

For trading accounts, deposits can be made using EUR, USD or GBP. Credit/debit card deposits are processed immediately but bank transfers can take a few business days. Something else which may slow down the process is that for some methods (e.g wire transfer), AAATrade requires proof of transaction.

Fees apply for deposits unless it is an internal transfer of funds. For example, direct wire transfers cost 10 euros plus foreign charges. For deposits via credit/debit card, the fee is 1.5% plus foreign charges.


Withdrawal requests are usually processed by AAATrade within 24 hours, although the funds may take longer to reach your account depending on which withdrawal method you choose.

In line with anti-money laundering laws, funds withdrawn will be returned back to the same account that you made your deposit from, although you can contact AAATrade if this is not possible.

Withdrawals via credit/debit cards and e-payment methods do not attract a fee. However, those made via wire transfer cost 10 euros plus foreign charges (i.e the same as the cost of deposits using this method). Keep this in mind when choosing a deposit method as this will impact your cost of withdrawal.

Demo Account

AAATrade does offer a demo account, which is particularly helpful for novice traders who want to experiment before risking any of their own funds.

There is no limit to how long you can use your demo account and you can also request that AAATrade add additional funds if you wish to trial managing large portfolios.

Deals & Promotions

A regulatory crackdown on promotional and financial offers by the Cyprus Securities and Exchange Commission (CySEC) has limited AAATrade’s options when it comes to offering marketing deals.

There are offers of a positive 0.25% yearly interest rate on free margin if your account balance exceeds 25,000 USD/EUR/GBP, as well as commission rebates if your balance exceeds a certain amount (25,000 USD/EUR/GBP for a 5% rebate, 100,000 USD/EUR/GBP for a 10% rebate).

Unfortunately, no sign-up bonuses are currently offered by AAATrade, in line with CySEC regulation.


AAATrade is well regulated. The firm is based in Cyprus and is therefore regulated by the Cyprus Securities and Exchange Commission (CySEC). For UK clients, it is covered by the Financial Conduct Authority (FCA). And for German traders, the Federal Financial Supervisory Authority (BaFin) and the National Securities Market Commission (CNMV).

AAATrade Ltd is also a member of the Investor Compensation Fund (ICF) for the clients of Cyprus Investment Firms (CIFs) which protects retail clients up to 20,000 euros if the company was to default on its obligations.

However, crypto traders should be fully aware of the risks involved due to a lack of regulatory protection in this area. Investors in crypto are not entitled to any protection under the Investors’ Compensation Fund and have no rights to report to the Cypriot Financial Ombudsman in the event of a dispute.

Additional Features


To open an account, you will need to complete the following steps:

  1. Register for a trading account using the ‘sign up’ button in the top right corner of their website
  2. Complete the Client Questionnaire
  3. Once completed, you will be able to invest limited funds and have access to AAATrade’s services for up to 14 days
  4. Verify your account by uploading Proof of Identity and Proof of Residence to continue accessing services beyond the 14 day ‘pending’ period
  5. Start trading with no limits on deposits
AAATrade Accounts
Live Accounts

In addition to the demo account offered by AAATrade, there are three main account types:

Novice Account

As the name suggests, this account is more suitable for amateur traders looking for commission-free trading. Be aware that spreads may be higher on this account.

For basic services on the Novice account, there is no minimum deposit. However, advanced and premier versions are available.

A minimum deposit of 25,000 USD/EUR/GBP is required for advanced services, which include 1 on 1 training with technical analysts and a 0.25% positive interest rate. The minimum deposit increases to a sizeable 100,000 USD/EUR/GBP. Plus, you’ll receive a dedicated account manager.

Experienced Account

Tight market spreads are available on the Experienced Account, although commission rates apply.

Advanced and premier services, like with the Novice Account, are also available with the same minimum deposits. The additional benefits, such as dedicated account managers and positive interest on margins also apply, including commission rebates on trades.

CryptoExchange Account

Over 50 crypto pairs are available, and no minimum deposit is required for basic services. Like with the Novice and Experienced Trading Accounts, advanced services (2,500 USD/EUR/GBP minimum deposit) and premier services (25,000 USD/EUR/GBP) are available to crypto enthusiasts. Premier services include a dedicated account manager and priority access to customer support.

Other Services

In addition to accounts for retail investors, AAATrade facilitates institutional investors and also offers liquidity services to other brokers.

Trading Hours

As with most brokers, trading hours depend on the specific market being traded.

Crypto markets are open 24/7, whereas CFD forex trading is 24/5 and the London Stock Exchange is open between 10:00-18:30 (GMT+2).

Customer Support

The customer support team are contactable through the following methods:

AAATrade also has a presence on Twitter, Facebook, Instagram, LinkedIn and YouTube.


AAATrade uses segregated EU and Swiss bank accounts to hold their clients’ fiat currency.

The broker uses high levels of encryption to protect customer information. Plus, AAATrade works with external IT security providers to ensure their systems are not compromised.

AAATrade Verdict

AAATrade has a large product offering, giving traders of all types and abilities the opportunity to invest in the financial markets. Its commission-free account may appeal to more amateur traders, though it does have a fairly complicated fee structure. Fortunately, the variety of trading platforms used by AAATrade (including MT5) provide good options for a range of traders.


Is AAATrade Regulated?

Yes, AAATrade is regulated by the Cyprus Securities and Exchange Commission (CySEC), the Financial Conduct Authority (FCA) and other regulators within the EU. However, its crypto services are not afforded the same protection.

Does AAATrade Charge Deposit Fees?

Yes, AAATrade charges fees for all deposit methods except for an internal transfer of funds. This includes debit and credit card deposits, though this particular method is not charged for withdrawals.

Does AAATrade Require A Minimum Deposit?

There is no minimum deposit to access basic services for the Novice, Experienced and CryptoExchange accounts. However, advanced and premier services require minimum deposits of 25,000 and 100,000 units of the base currency respectively.

Does AAATradde Allow Mobile Trading?

Yes, AAATrade provides the MT5 trading platform which has a mobile/tablet app with the same features as MT5 Webtrader. The broker is also developing its own mobile app to build on the new AAATrader™ desktop platform.

Does AAATrade Offer A Demo Account?

Yes, AAATrade offers a demo account so you can experiment with the products and services offered before using your own funds.

Accepted Countries

AAATrade accepts traders from Australia, Thailand, Canada, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

Traders can not use AAATrade from United States, American Samoa, Anguilla, Barbados, Fiji, Guam, Palau, Panama, Samoa, Seychelles, Trinidad And Tobago, Vanuatu, Virgin Islands, U.S., Albania, Bahamas, Botswana, Cambodia, Ghana, Jamaica, Mauritius, Myanmar, Nicaragua, Pakistan, Uganda, Syria, Yemen, Zimbabwe, Iran, Afghanistan, Iraq, Mongolia.

Payment Methods

AAATrade Details

Minimum Trade $0
Regulated By CySEC
Account Types
  • STP
  • ECN
  • DMA
  • MAM
  • PAMM
  • LAMM
Islamic Account No
Mobile Apps Yes (iOS & Android)
Margin Trading Yes
Margin Rate 1:200
Volatility Index No
Spot Trading Yes
Perpetual Swaps No
AI / Machine Learning No
Robo Advisor No
P2P Trading No
Negative Balance Protection Yes
VPS Hosting No
Tournaments No
Demo Competitions No
Managed Accounts No
Market Maker No
Auto Trading Expert Advisors (EAs) on MetaTrader
Social Trading No
Trade Signals Yes
Guaranteed Stop Loss No
Stock Exchanges
  • Australian Securities Exchange
  • Euronext
  • Hong Kong Stock Exchange
  • New York Stock Exchange

CFD Trading Details

FTSE Spread 0.5
GBPUSD Spread 0.00002
Oil Spread 0.10
Stocks Spread Floating
Leverage 1:200

Forex Trading Details

GBPUSD Spread 0.00002
EURUSD Spread 0.00002
EURGBP Spread 0.00002
Assets 10000+

Cryptocurrency Trading Details

Crypto Spread Floating
Crypto Lending No
Crypto Staking No
Crypto Mining No
Crypto Auto Market Maker Yes
Crypto Coins
  • ADA
  • ATOM
  • BCH
  • BTC
  • DOGE
  • EOS
  • ETC
  • ETH
  • LTC
  • USDT
  • XLM
  • XRP
  • XTC
  • ZEC

Top 3 Alternatives to AAATrade

Compare AAATrade with the top 3 similar brokers that accept traders from your location.

  1. Just2Trade – Just2Trade is a reliable multi-regulated broker registered with FINRA, NFA and CySEC. The company has 155,000 clients from 130 countries and stands out for its huge suite of instruments and additional features, including a social network, robo advisors and a funded trader programme.
    Go to Just2Trade
  2. IG Group – IG is an award-winning broker that has an excellent reputation globally. The brand-US offers spread betting, CFD and forex trading across a comprehensive suite of markets. IG is also multi-regulated, provides a great trading app and has 50 years experience.
    Go to IG Group
  3. Interactive Brokers – Interactive Brokers is a leading global brokerage that provides access to a comprehensive offering of stocks as well as forex, futures, metals, bonds and cryptos. The firm has over 40 years experience in the online trading industry and is heavily regulated by SEC, FCA, IIROC, and SFC. Day traders can use the proprietary Trader Workstation and can access powerful tools and data feeds as well as comprehensive educational resources.
    Go to Interactive Brokers

AAATrade Comparison Table

Compare AAATrade With Similar Brokers
AAATrade Just2Trade IG Group Interactive Brokers
Rating 3.5 3.5 4.4 4.3
Markets Forex, Stocks, Crypto Stocks, ADRs, ETFs, Futures, Options, Commodities, Bonds CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting Forex, Stocks, Commodities, Crypto
Demo Account Yes Yes Yes Yes
Minimum Deposit $0 $100 $0 $0
Minimum Trade $0 0.01 Lots 0.01 Lots $100
Bonus None Up to $2,000 for professional accounts
Education No No Yes No
Platforms MT5 MT4, MT5, TradingCentral MT4, AutoChartist, TradingCentral AlgoTrader, OmniTrader, eSignal, TradingCentral
Leverage 1:200 1:20 1:30 (Retail), 1:250 (Pro) 1:50
Payment Methods 9 20 6 11
Visit Visit Visit Visit
Review Just2Trade
IG Group
Interactive Brokers

Compare Trading Instruments

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

Compare AAATrade Trading Instruments
AAATrade Just2Trade IG Group Interactive Brokers
CFD Yes Yes Yes Yes
Forex Yes Yes Yes Yes
Stocks Yes Yes Yes Yes
Commodities No Yes Yes Yes
Oil No Yes Yes No
Gold No Yes Yes Yes
Copper No No Yes No
Silver No Yes Yes No
Corn No No No No
Crypto Yes Yes Yes Yes
Futures No Yes Yes Yes
Options No Yes Yes Yes
ETFs No Yes Yes No
Bonds No Yes Yes Yes
Warrants No No Yes Yes
Spreadbetting No No Yes No
Volatility Index No No Yes No

AAATrade vs Other Brokers

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AAATrade is a forex and CFD broker established in 2013 and regulated by CySEC. The STP broker offers tens of thousands of Stocks, ETFs, CFDs, securities and cryptocurrency products on the proprietary and MetaTrader platforms. Traders can benefit from standard retail accounts as well as portfolio management and advisory services.