AETOS Review 2023
- Daytrading Review Team
My tests have found that Aetos would be ideal for experienced traders seeking MAM/PAMM accounts or copy trading leader opportunities. Seasoned investors should also appreciate the advanced tools on offer, including a VPS and Autochartist. With that said, forex spreads in the Advanced account aren't very competitive, starting at 1.2 pips.
Aetos is an international forex and CFD broker founded in 2007. Headquartered in Sydney, the broker is licensed by the ASIC, FCA and VFSC and has a global client base in over 100 countries. The firm offers the MetaTrader 4 platform and the minimum deposit to get started is $50.
My tests uncovered only 27 currency pairs at Aetos, which is below the industry average. Leverage is available up to 1:200 for Australian clients but I’m not overly impressed with the 1.8-pip average spreads for EUR/USD. Top competitors typically offer the same pair for around 1 pip in a standard-level account.
I was equally disappointed in the small range of 21 major US shares at Aetos, although commissions are low at 2.5 US cents per lot. I was pleased to see 18 cash and futures indices, which allows for a little more diversification, plus traders get access to the popular analysis tool, AutoChartist.
CFDs are available to trade manually in the MT4 platform, or via the broker’s copy trading solution which allows you to automatically copy other strategies. I also appreciate that the broker offers a demo account with $10,000 in virtual funds so you can practice CFD trading strategies risk-free.
Aetos offers a proprietary copy trading solution which allows you to save time and automatically copy the trades of other users. You can view useful profitability stats of each 'master' trader before subscribing, and I like that parameters including stop loss and take profit are flexible.
- I’m happy with the broker’s regulatory status, with top-tier licensing from the UK’s FCA and ASIC. This means traders can access compensation schemes and negative balance protection
- High leverage is available for experienced traders at the Australian branch, up to 1:200. I also found MAM and PAMM accounts are available for eligible money managers
- Beginners should appreciate the free $10,000 demo account and I like that there’s also a copy trading solution for those who want to follow the strategies of others
- Alongside the trusted MT4 terminal, I was pleased to see the AutoChartist market analysis and signals tool available for clients
- I’m a little disappointed in the small range of assets available at Aetos, with even fewer markets available for UK clients. I would have liked to see a wider range of currency pairs and shares, for example
- The demo account has a time limit of just 14 days, which I don’t feel is enough for beginners to get acquainted with the platform and test out their first strategies
- It would have also been nice to see a wider choice of platforms for clients and perhaps a bespoke solution
AETOS offers forex and CFD trading on energies, indices and metals. This review focuses on the broker’s product range and MT4 trading platform, plus the deposit joining bonus. Learn more about AETOS and decide whether this broker is right for you.
The AETOS group was set up in 2007 and includes the Australian-based AETOS Capital Pty Group Ltd, regulated by the Australian Securities and Investment Commission (ASIC) and the UK-based AETOS Capital Group (UK) Ltd, regulated by the Financial Conduct Authority (FCA). AETOS Markets Ltd is regulated by the Vanuatu Financial Services Commission (VFSC).
The broker has offices in Sydney and London and provides financial services to residents in over 100 countries.
Clients with AETOS login credentials can access the financial markets using MetaTrader 4 (MT4), which is an industry-leading technology designed to optimise the trading experience.
MT4 is a hugely popular trading platform suited to traders with a variety of experience levels. This platform is delivered as downloadable software with one-click trading and offers:
- Powerful technical analysis
- Leading charting capabilities
- Flexible order-transaction features
- Mobile trading through the MT4 app
- Automated and copy-trading with signals
The MT4 platform can also be accessed from a browser via the MT4 WebTrader. This offers the same advanced level of technical and drawing options, plus the full suite of trading operations from the native platform. The web platform is ideal for convenient trading and ensures robust data protection.
The broker offers trading on a range of prime assets:
- Shares CFDs (AU only) – Wide range of Australian and US shares such as Apple and 3M
- Indices – Global indices including UK100 and HKG50
- Forex – 27 currency pairs both major and exotic
- Energy – Including UK and US crude oil
- Metals – Gold, silver, and copper
Although AETOS offers a good selection of financial instruments, its rank in our review could be bettered with the addition of cryptocurrency trading.
AETOS offers relatively low-cost trading and tight spreads. For the general account, the typical EUR/USD spread is 1.8 pips which drops to 1.2 pips with the advanced account. For the FTSE100 index futures CFD, the typical spread is 25 pips with both live accounts.
The broker also charges an overnight open position fee, which is fairly standard in the industry. This review would have liked to see lower spreads offered for the advanced account type, as other large brokers offer close-to-zero spreads.
Both branches of AETOS offer leveraged trading. The Australia-based arm offers leverage up to 1:200 for forex and between 1:100 and 1:400 for energy, indices, metals, and shares. The UK-based branch offers maximum leverage of 1:30 on their products, depending on volatility, in line with European guidelines.
The MT4 platform is available as a mobile app on Android, iPhone and tablet devices. Clients can trade in a single click and enjoy excellent functionality comparable with the desktop version.
AETOS traders have to deposit a minimum of $50 with the general account and $1,000 with the advanced account. Clients can deposit funds into their trading account by wire transfer, Visa/MasterCard, or digital wallets such as Skrill or Neteller. Payment methods other than Visa are free of charge. Lead times are 1-5 business days for wire transfer and up to 1 business day for other methods.
To start the withdrawal process, traders should login to their trade account and select the withdrawal function. Payments can be processed by wire transfer, taking up to 5 business days, and clients are charged $25 if no valid trading is registered on their account.
Note many brokers require traders to verify their identity before payments can be processed.
AETOS offers a 14-day demo account to trade with $10,000 in virtual funds. Clients can practice on the markets trading forex and CFDs. The simulator account is an excellent way to test the MT4 platform, customer support and trading tools.
The Australian branch of AETOS is currently offering a redeemable deposit joining bonus. The promotion pays a bonus of up to $20,000 depending on the amount deposited. The offer becomes redeemable if clients meet volume trading requirements inside 7 months of opening an account. AETOS does not offer a no deposit bonus at present.
The UK branch of AETOS does not currently offer any promotional bonuses due to European restrictions on retail trading incentives.
AETOS is regulated by well-respected financial authorities; namely the ASIC and the FCA, plus the VFSC (which is less reputable).
The Australian arm is licensed by the Australian Securities and Investment Commission (ASIC), which includes membership to the Australian Financial Complaints Authority to resolve disputes between clients and firms.
The UK arm is regulated by the Financial Conduct Authority (FCA) and is part of the Financial Services Compensation Scheme, which protects clients of firms that are unable to return user funds. The UK arm also provides negative balance protection, so losses greater than the initial deposit are avoided.
Additionally, AETOS’ offshore branch holds a license with the Vanuatu Financial Services Commission (VFSC).
Additional Trading Tools
AETOS offers an economic calendar, a market news section with regular articles, and a daily market commentary piece on its website. The broker also regularly uploads educational webinars and weekly news round-ups to their YouTube channel.
Trading with AETOS also offers clients technical strategies provided by Trading Central, an investment research provider that combines AI with analyst expertise to give traders investment decision support.
The General account offers a relatively low minimum deposit, trading volume from 0.01 lots, and rapid market execution. The brokerage also offers an Advanced account suited to high-net-worth clients, requiring a larger deposit in return for more competitive spreads. Both accounts have a maximum position size of 50 lots.
Clients can also apply for a professional account via the website. Applicants must meet criteria including a high trading frequency maintained over the past year and a strong portfolio, alongside previous employment in the financial sector.
AETOS Trading Hours
Traders can log in to their account at any time and trade from Sunday from 21:11 to Friday at 21:00 (GMT). AETOS UK also provides a full trading schedule for each asset on its website.
AETOS has locations in both Sydney and London. This broker also has a reliable live chat function and a Feedback Centre available via their Contact Us form. The broker does not offer email support.
- Office address – Level 15, 122 Arthur Street, North Sydney, NSW 2060, Australia
- Telephone – 61 (2) 9929 2100
- Office address – Level 6, One Canada Square, Canary Wharf, London, UK, E14 5AA
- Telephone – +44 (0) 20 8104 9400
Details of the organisational chart and management team can be found on the broker’s website.
AETOS has a robust policy in place to ensure personal information is protected, using secure servers to hold client data and processing transactions via SSL encryption technology. AETOS also holds trader funds in a separate account which is audited to ensure compliance with Australian law.
AETOS is an FCA and ASIC-regulated forex and CFD broker that has much to offer both novice and advanced traders. The broker provides reasonable spreads, a strong deposit bonus incentive in Australia, plus the MT4 terminal. AETOS could improve in our review by offering a wider asset range and more competitive spreads with their Advanced account.
AETOS accepts traders from Australia, Thailand, Canada, United States, 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.
|Minimum Trade||0.01 Lots|
|Regulated By||FCA, ASIC, VFSC|
|AI / Machine Learning||No|
|Negative Balance Protection||No|
|Auto Trading||Expert Advisors (EAs) on MetaTrader|
|Guaranteed Stop Loss||No|
CFD Trading Details
|Leverage||1:30 (UK), 1:400 (Global)|
Forex Trading Details
Top 3 Alternatives to AETOS
Compare AETOS with the top 3 similar brokers that accept traders from your location.
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
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
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
AETOS Comparison Table
|AETOS||IG Group||Just2Trade||Interactive Brokers|
|Markets||Forex, energies, precious metals, indices, share CFDs||CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting||Stocks, ADRs, ETFs, Futures, Options, Commodities, Bonds||Forex, Stocks, Commodities, Crypto|
|Minimum Trade||0.01 Lots||0.01 Lots||0.01 Lots||$100|
|Regulators||FCA, ASIC, VFSC||FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA||CySEC, NFA, FINRA, Bank of Russia||SEC, FCA, IIROC, SFC|
|Bonus||Joining bonus up to $20,000||–||Up to $2,000 for professional accounts||–|
|Platforms||MT4, AutoChartist||MT4, AutoChartist, TradingCentral||MT4, MT5, TradingCentral||AlgoTrader, OmniTrader, eSignal, TradingCentral|
|Leverage||1:30 (UK), 1:400 (Global)||1:30 (Retail), 1:250 (Pro)||1:20||1:50|
Compare Trading Instruments
Compare the markets and instruments offered by AETOS and its competitors. Please note, some markets may only be available via CFDs or other derivatives.
|AETOS||IG Group||Just2Trade||Interactive Brokers|
AETOS vs Other Brokers
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|Aetos is an international forex and CFD broker founded in 2007. Headquartered in Sydney, the broker is licensed by the ASIC, FCA and VFSC and has a global client base in over 100 countries. The firm offers the MetaTrader 4 platform and the minimum deposit to get started is $50.|
Is AETOS a safe broker?
AETOS is a trustworthy broker licensed by leading financial authorities, with a client base in over 100 countries. Traders using this broker also have access to negative balance protection and financial compensation schemes.
Is AETOS regulated?
AETOS is regulated by the UK Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC).
Does AETOS offer a demo account?
AETOS offers a demo account with a $10,000 virtual fund that allows clients to practice using their platforms and trading on the financial markets. The demo account expires after 14 days.
Does AETOS offer promotions or bonuses?
Currently, AETOS Australia is promoting a $20,000 deposit bonus scheme, in which AETOS credits new traders with a percentage of their deposit. This deposit can be redeemed once trading requirements have been met.
What trading platforms does AETOS use?
AETOS has both MT4 integration, which is an industry-leading platform. Clients can access the markets through the native platform in addition to WebTrader and mobile app.