AETOS Review and Tutorial 2020
|Traders in United States welcome|
|AETOS Facts & Figures|
AETOS offers trading on the MT4 & MT5 platforms with a deposit joining bonus.
|Bonus||Joining bonus up to $20,000|
|Instruments||Forex, energies, precious metals, indices, share CFDs|
|Min. Trade||0.01 lots|
|Regulated By||FCA, ASIC|
|Auto Trading||Yes (EAs)|
|Trade CFD products in multiple markets.|
Trade on a modest selection of FX pairs.
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).
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 either MetaTrader 4 (MT4) or MetaTrader 5 (MT5), which are industry-leading technologies 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.
AETOS also provides MT5 integration for its clients. Advanced traders may benefit from this platform which provides access to a variety of useful tools, including:
- More technical indicators, graphical objects, and timeframes than MT4
- Automated trading Expert Advisors (EAs)
- MT5 community chat functionality
- Exchange data on time and sales
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. MT5 is also available as an iPhone and Android application with virtually all desktop features intact, as well as a chat function and push notifications.
AETOS traders have to deposit a minimum of $250 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; the ASIC and the FCA.
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.
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.
Clients of AETOS enjoy the following advantages:
- MT4 and MT5 trading platforms
- Straightforward investment management
- Deposit joining bonus offered by the Australian branch
- Global broker with licensing from the highly-respected FCA and ASIC
This review found several flaws to the AETOS offering:
- No cryptocurrency trading or shares for the UK branch
- Demo account is limited to 14 days
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 MT4 and MT5 downloads. 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.
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 and MT5 integration, which are industry-leading platforms. Clients can access the markets through the native platform in addition to WebTrader and mobile apps.
|AETOS offers trading on the MT4 & MT5 platforms with a deposit joining bonus.|