Aetos UK Review by professional Forex trading experts the “ForexSQ” FX trading team, Finding out everything you need to know about the broker is in this Aetos UK Review.
Aetos UK Review
AETOS UK offers its clients two account types: General and Premium. The General account type is suitable for both newbies and experienced traders, while the Premium one is intended for high-volume and/or institutional clients. The broker also has accounts for money managers.
What is more, Aetos offers14-day free demo account for those who prefer to test their strategies prior to opening a live account.
The Company. Security of funds
AETOS UK is a forex and CFD brokerage, 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. The brokerage offers diversified CFDs products on FX, stocks, indices, metals, energy and agricultural commodities.
AETOS Capital Group (UK) Limited is a wholly owned subsidiary of AETOS Capital Group, which is authorised and regulated by the Financial Conduct Authority (FCA) since 2013.
FCA-regulated brokers are under strict supervision and are well controlled. To acquire a license from the UK financial watchdog, financial services providers need to provide proof of their financial stability, to meet certain criteria, and to comply with a number of strict rules and requirements, including for risk management.
Under the UK regulations, investors’ funds are kept in segregated bank accounts separated from the company’s operating funds and, in case of default, sums of up to GBP 50,000 are protected under the Financial Services Compensation Scheme (FSCS).
Besides, AETOS Capital Group (UK) Ltd. is a member of the Financial Ombudsman Service – an alternative dispute resolution scheme.
Of course, the brokerage is also regulated in Australia by the Australian Securities & Investments Commission (ASIC). You may read the full review of Aetos AU here.
Trading conditions
Minimum initial deposit
The minimum deposit required by Aetos UK is $250, which is average. In fact, such an amount is low enough to make happy new and inexperienced traders who don’t want to put much at stake. Nonetheless, other UK-based brokerages require less. HCYM (formerly HY Markets) requires $100 from its customers to start with.
Leverage
The maximum leverage provided by Aetos UK is 1:200, which is the industry standard. It is not very high, yet it provides a sufficient increase in trading capital to allow traders to handle rather large forex deals. Most brokers, however, usually offer higher leverage levels. For instance, another FCA-regulated company, HYCM, provides leverage up to 1:500. You may check out more brokerages offering leverage equal to or higher than 1:500 here.
Spread & Commission
AETOS UK offers commission-free trading with floating spreads, which vary by account type. The typical spreads on the General account for the EUR/USD pair amount to 1.8 pips, which is high, as most brokers offer spreads within the range of 1.0 – 1.5 pips for this pair. In comparison, HYCM’s average spread amounts to 1.5 pips on EUR/USD and this brokerage also does not charge any commission. For futher information, you may check out and compare real-time spread of 15 leading brokers here.
Trading platforms
AETOS works with the most widely-used trading platform in the industry – MetaTrader 4 (MT 4). It supports both online (browser-based) and mobile (iOS, Android) versions of the platform, as well as a wide range of customized indicator plug-ins for it.
Equipped with user-friendly interface, one-click trading, outstanding charting package, a number of technical indicators, extensive back-testing options and EAs, MT4 is the preferred choice of most traders, as well as forex brokerages.
Expert Advisors (EAs) use pre-defined trading parameters to make immediate trading decisions without being affected by human emotions. It also allows customizations such as automated trading, copy trading and the use of own scripts written in MQL4 programming language.
In addition, the broker offers the AETOS multi-account management software, which enables investors to trade multiple accounts on the same computer, making it suitable for regulated qualified institutions or money managers, since it allows them to manage accounts depending on different trading strategies to meet clients’ requirements.
The broker has recently partnered with ZuluTrade to offer forex social auto-trading solutions to their clients. Social trading allows investors to trade, follow successful traders and copy their trades and trading signals, or get followed themselves.
AETOS UK supports a small range of payment methods: bank wire transactions, credit/debit cards and online payments through Skrill, Neteller & SafeCharge.
Instead of the forex broker you can use Plus500, XM, eToro, Fxpro or AvaTrade forex brokers.
Aetos UK Review Conclusion
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