Latest 2023 AETOS Broker Review

 

Overview of AETOS and its Operating License

AETOS is headquartered in Sydney, Australia, and is a forex broker brand owned by the AETOS Capital Group, established in 2007 with a mission to provide the most efficient market access to individual and institutional investors worldwide.

AETOS aims to empower investors to navigate market fluctuations through cutting-edge technology, a diverse product line, premium services, and quality investment education.

As of the current moment, AETOS has been serving clients in over 100 countries and is capable of executing over 100,000 trades daily.

With over 13 years of operation in the market, AETOS has received numerous prestigious awards, demonstrating the quality of its brokerage services to investors. In 2020, AETOS was honored with the “Best Global Forex Broker” and “Most Reliable Forex Broker in Asia” awards at the Global Forex Awards. In 2019, AETOS received the “Best NDD Forex Broker” and “Best MT4 Platform Broker” awards at the Online Business Awards, along with several other impressive accolades.

Regarding its legal profile, the AETOS Capital Group consists of three subsidiary companies, each operating in different regions and all being reputable licensed financial entities:

1. AETOS Capital Group Pty Ltd, established in Australia, is regulated and licensed by ASIC (Australian Securities and Investments Commission) with license number 313016.
2. AETOS Capital Group (UK) Limited, established in the UK, is licensed and regulated by the FCA (Financial Conduct Authority) with license number 592778.
3. AETOS Markets (V) Ltd, established in Vanuatu, is licensed by VFSC (Vanuatu Financial Services Commission) with license number 700450.

With licenses from ASIC and FCA, AETOS has established its credibility. ASIC and FCA are among the most reputable forex regulatory authorities globally. Obtaining these licenses involves stringent requirements, ensuring transparency, fairness, and effectiveness in the trading environment for traders. Investor funds are kept separate from the company’s accounts and are held in tier-1 banks in Australia and the UK. In the event of disputes or claims where the trader wins and the broker is unable to pay, investors are compensated through the Investor Compensation Schemes in which each regulatory body participates. With the FCA, investors can be compensated up to £85,000.

With its reputable legal profile, you can trade with confidence at AETOS.

 

Trading Products at AETOS

One advantage of AETOS is its diverse product portfolio, which includes stocks and cryptocurrencies in addition to traditional assets like forex, indices, metals, and crude oil. With an increasingly varied product list, AETOS meets the basic trading needs of traders.

• Forex: AETOS offers 28 currency pairs, including major and minor pairs. Exotic currency pairs are not included in the product list as they are less popular and traded.
• Metals: AETOS provides trading opportunities in gold, silver, and copper. Additionally, AETOS offers futures contracts based on these precious metals, which are traded as CFDs.
• Energy: Initially, AETOS only allowed trading in UK Brent crude oil. However, they have since added US WTI crude oil and natural gas to their offerings.
• Indices: AETOS covers nine major stock indices, including those from the US (US30, NAS100, SPX500), UK (UK100), Germany (GER30), Australia (AUS200), Hong Kong (HKG50), Japan (JPN225), and China (CN50). They also provide futures indices for trading.
• Stocks: AETOS offers 20 stock CFDs from well-known companies listed on NASDAQ and NYSE in the US, as well as 104 stock CFDs listed on the Australian Securities Exchange (ASX). Popular companies such as Apple, Amazon, Alibaba, Alphabet, Netflix, and Tesla are included in this list. To trade stock CFDs at AETOS, a minimum initial investment of $250 is required.
• Cryptocurrencies: Investors can trade four popular cryptocurrencies with high market capitalization, including Bitcoin, Ethereum, Litecoin, and Ripple.

 

Trading Accounts at AETOS

The number and names of the account types at AETOS for Vietnamese and other regions remain unchanged, consisting of General and Premium accounts. However, there have been several changes in trading conditions to align with the Vietnamese market and the needs of Vietnamese traders.

• General Account: Suitable for traders of all experience levels, from beginners to experienced traders. The General account provides basic trading conditions of a standard account, allowing traders to access the market with lower capital and trade smaller volumes.
• Premium Account: Designed for highly experienced and professional traders who trade larger volumes with higher initial capital. This account offers better trading conditions compared to the General account. However, when compared to popular ECN account types available today, AETOS’s Premium account may not compete as favorably.

Comparing the trading conditions of these two AETOS account types:

 

MAM/PAMM Accounts

AETOS also provides fund management accounts for professional traders who want to focus on their expertise without the burden of capital investment. Meanwhile, investors can choose a skilled fund manager to help them earn money.

MAM/PAMM accounts at AETOS offer various capital allocation models, such as allocation based on trading volume (investors set a specific percentage ratio concerning the trading volume of the MAM/PAMM account) or allocation based on capital percentage between two accounts.

As an investor, when you register, you can choose from hundreds of professional MAM/PAMM accounts and have the independence to execute trades on your account without going through the MAM/PAMM account.

For professional traders, when registering for MAM/PAMM accounts at AETOS, you enjoy privileges like unlimited linked accounts (MAM) and a maximum of 20 linked accounts (PAMM), the ability to use EAs (Expert Advisors), and freedom from capital pressure.

Leverage and Trading Costs at AETOS

Leverage

For Vietnamese traders, AETOS has increased the maximum leverage on each trading account from 1:200 to 1:400 for General accounts and from 1:100 to 1:200 for Premium accounts. This change caters to the needs of professional traders who wish to maximize their profits. However, novice traders should still use lower leverage to limit risks.

The maximum leverage for each account type applies to forex, while other products have lower maximum leverage ratios, specifically:

• Metals: 1:200
• Gold Futures: 1:50
• Silver Futures: 1:100
• Copper Futures: 1:10
• Crude Oil: 1:50
• Natural Gas: 1:10
• Indices: 1:100 (except JPN225 at 1:50 and CN50 at 1:20)
• Cryptocurrencies: 1:2
• Stocks: 1:5

Trading Costs

Regarding spreads, both types of accounts at AETOS have high spread differentials. While reputable, high-quality brokers in the market offer spreads ranging from 1-1.2 pips for standard accounts, premium accounts like ECN typically provide spreads as low as 0.0-0.1 pips on major currency pairs.

Common spreads (in pips) on major forex pairs and gold for the two account types at AETOS are not specified in the provided text but are typically associated with the broker’s trading conditions.

 

Regarding Commission Fees

AETOS does not charge commission fees for forex trades but does impose commission fees for stock and cryptocurrency transactions. The commission fees are 2.5 cents per share for stocks and 0.1% of the transaction value for cryptocurrencies.

Additionally, AETOS charges a $10 fee for customers who remain inactive for up to 3 months.

Trading Platform at AETOS

AETOS offers only one trading platform for Vietnamese traders, which is the most commonly used platform today, MT4 (MetaTrader 4). Previously, this forex platform supported both MT5 (MetaTrader 5) and MT4. While this may be a limitation for Vietnamese traders, the MT4 software can still meet the trading needs of traders to the fullest extent.

MT4 is a product of MetaQuotes, a technology company specialized in developing and providing trading software and technology to financial organizations worldwide. MT4 offers nearly all the features and support required for both basic and advanced trading, making it suitable for traders of all levels.

MT4 features a user-friendly, flexible, and easy-to-use interface. It supports more than 30 different languages, making it accessible to traders worldwide.

Some features of MT4 include:

• Provides three types of price charts and nine timeframes.
• Supports four types of pending orders: Buy/Sell Limit and Buy/Sell Stop.
• Offers over 30 technical indicators and more than 20 drawing tools for chart analysis.
• Allows traders to engage in scalping and hedging strategies.
• Supports Expert Advisors (EAs), which are automated trading robots with backtesting capabilities.
• Features one-click trading for fast execution.
• Provides daily economic news.
• Can be used with various operating systems such as Windows, Android, and iOS.

 

MT4 is available in three versions: desktop software, mobile applications, and a web-based webtrader that can be accessed directly through web browsers. However, AETOS only supports the desktop software and mobile app versions for traders.

Trading Tools and Educational Resources Provided at AETOS

Trading Tools

Autochartist

Autochartist is a reliable and popular forex signal tool used by many traders worldwide. It provides traders with technical analysis on major forex pairs, metals, energies, and indices using powerful technical indicators such as RSI, MACD, MA, Bollinger Bands, Pivot points, and more. It also offers market news and economic event analysis that can impact price movements.

Autochartist has the capability to scan chart patterns such as triangles, Gartley patterns, rectangles, and more directly on the charts. It delivers reliable forex signals to traders through trading alerts sent via email or messages.

Traders can use Autochartist directly in their personal account management area or download it to integrate it with their MT4 software.

 

Economic Calendar

The economic calendar is an indispensable tool for forex traders, especially for those who follow fundamental analysis.

To compensate for the lack of support for the MT5 platform (which includes an integrated Economic Calendar), AETOS provides this tool directly on its website.

The economic calendar offers news, events, and important announcements from all countries. It also suggests the impact level of these events on market prices, helping traders make informed trading decisions.

 

Educational Resources

Although AETOS does not provide any educational resources on its website, the forex broker frequently organizes webinars on Zoom and offers video lessons on financial topics for its customers through its educational fan page (AETOS Academy). You can stay updated and register for these webinars on the fan page or AETOS VietNam’s fan page.

Deposits and Withdrawals at AETOS

AETOS offers popular payment methods for traders, including international wire transfers, internet banking through payment gateways like PayTrust and Nganluong, and various e-wallet options such as Neteller, Skrill, and ZotaPay.

All deposit transactions are free of charge and are processed instantly, except for wire transfers, which may take 1-5 working days.

AETOS also does not charge withdrawal fees, and the processing time for withdrawals is within 24 hours.

Customer Support and Promotions at AETOS

Customer Support:

• The website supports four languages, including Vietnamese, with a professional Vietnamese version.
• Live chat is available 24/5, with Vietnamese-speaking staff to assist Vietnamese traders.
• Customer support email: cs_markets@aetoscg.com
• Fan page dedicated to Vietnamese traders: AETOS VietNam

You can contact the platform’s staff through live chat or the fan page for quick assistance. The support team is enthusiastic and effective. You can also leave your phone number in the contact section, and a staff member from the platform will call you back to assist you.

Promotions:

• AETOS currently offers two promotions:
  1. 20% Trading Bonus: This promotion applies to all AETOS customers. You will receive a 20% bonus on the deposited amount for any deposit made during the promotion period, with a maximum bonus of $5,000.
  2. New Customer Bonus: You have the opportunity to receive a bonus of up to $20,000 for your first deposit. The bonus amount varies depending on the deposit level and differs between General and Premium account types.

You can view the detailed bonus terms and conditions on the platform’s website.

Summary of AETOS Broker: Pros and Cons

Pros:

• Licensed and reputable.
• Diverse trading products.
• Provides advanced trading support tools.
• Good customer support.

Cons:

• High deposit requirements.
• No ECN accounts.
• High spreads.
• No MT5 platform.
• Only one email and phone number can be used for one trading account.

Should You Trade with AETOS?

While AETOS is a reputable broker, its trading conditions are not particularly competitive and may not be the best choice compared to other high-quality brokers. In particular, the high spreads at AETOS can result in higher trading costs, even though the broker implements a “no commission” policy.

There are many other brokers that offer both reliability and favorable trading conditions, such as IC Markets, Exness, FXTM, XTB, and more. You can consider one of these options to save on costs and better match your trading needs.

WISHING YOU SUCCESS.