Aetos Australia Review
AETOS offers its clients a choice of four basic live account types, all of which are commission-free. Micro lots are available for trade on Mini & Professional accounts and clients of Aetos are able to choose between fixed and variable spreads.
What is more, this brokerage provides Money Manager Accounts, suitable for qualifying established individuals, brokers, asset managers, and financial institutions. AETOS provides money managers with multiple account trading and management platform, back-office and administrative support.
The Company. Security of Funds
AETOS offers diversified CFDs products on FX, stocks, indices, metals, energy and agricultural commodities. It is part of the AETOS Capital Group. Headquartered in Sydney, Australia, the group now has a global presence with 25 offices around the world, including in the economic powerhouses of London, UK, and Shanghai, China.
AETOS Capital Group Pty. Ltd., doing business as Aetos, holds an Australian Financial Services License and regulated by the Australian Securities and Investment Commission (ASIC).
ASIC requires licensed companies to meet certain requirements and to comply with a number of rules. Clients’ money must be kept in segregated trust accounts. As for the minimum capital requirement, forex brokers must hold at least $1 million in order to prove their good financial standing and operate legitimately.
Unlike other European brokers (Cyprus and UK-based ones), however, Australian ones are not covered by any compensation scheme. AETOS, however, has been striving to create a fair financial services environment for its clients and is a member of Australian Financial Ombudsman Service (FOS).
The Group has also set up a UK subsidiary to better serve its European clients. AETOS UK is duly authorised and regulated by the Financial Conduct Authority (FCA).
Minimum Initial Deposit
Traders are required to deposit $250 in order to open an account with Aetos, which is an average initial amount. There are other prominent Australian brokers, who require less of none as a start. For instance, FXCM Australia demands $50 from its clients to open an account, and AxiTrader requires none.
Average Spreads & Commissions
AETOS offers both fixed and floating spreads, varying by account category, and doesn’t charge commissions. We find the spreads on the Professional account type a bit too high, as the broker cites as typical a spread of 1.8 pips on EUR/USD. The spreads offered on Standard accounts (fixed 1.8 pips on EUR/USD) are better, as fixed spreads tend to be higher than floating ones, however the minimum deposit for this account type is dramatically higher ($2000).
In comparison, global broker FXCM (holding, among others, also an ASIC license) offers variable spreads averaged 1.5 pips on EUR/USD on its commission-free Mini Account. For further information, you may look up real time spreads of 15 leading brokers here.
Clients of Union Standard Group use leverage ratios up to 1:400, which is considered high. Yet, many brokers offer similar or even higher leverage levels. For instance, FXCM and AxiTrader both provide leverage up to 1:400.
We advise traders to exercise caution when operating with high leverage levels, for greater risk of heavy losses is involved.
This broker supports the industry’s standard MetaTrader 4 (MT4), available as a PC and mobile versions (iPhone, iPad, Android and Windows).
MT4 provides all instruments and resources a trader needs: a number of technical indicators, advanced charting tools, high-speed and real-time trading, flexible order transaction features, a wide range of Expert Advisers (EAs) and extensive back-testing environment for them. By using EAs traders may sit back, while the software does all the work, as Expert Advisers allow full automatization of trades.
Besides, AETOS MetaTrader 4 MultiTerminal, allows traders to manage multiple MT4 accounts from one interface.
At the time of writing of this review, Aetos offers welcome cash bonuses up to $20,000.
Each new client who deposits more than USD 250, receives trading credits ranging from $50 to $20 000, depending on the amount of the initial deposit. If the client meets the trading volume requirements within 7 months (under the same trading account started from the account activation date), the trading credits will be converted to cash bonus.
Methods of Payment
AETOS offers its clients a variety of deposit/withdrawal methods: via credit card (Visa, MasterCard), bank wire, CashU, Mobile Payment & SecurePay.
Part of an international group, Aetos Is a reliable forex and CFD broker, offering competitive trading conditions and numerous diversified products.
Aetos Australia Review Conclusion
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