AETOS Review

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AETOS is an award-winning broker that is regulated in the UK, Australia and internationally. The broker provides online trading services to clients from all over the world. They give you straight through processing (STP) so your orders are sent with minimal delay. You will find comprehensive expert analysis and trading signals powered by the brilliant Trading Central and Autochartist software. This makes them a decent choice to consider for those of you how like to conduct in-depth market analysis before making your trade decisions. However, I found the spreads are not the lowest and the selection of trading instruments very limited compared to competitors such as IC Markets.

Summary

AETOS Capital Group Pty limited is an Australian based forex and CFD broker that provides you with a range of trading products and services. Founded in Australia in 2007 with headquarters in Sydney, the broker has 25 offices around the world. Today, they serve clients from over 100 countries from all over the world. The broker offers you a limited selection of around 40 instruments for trading online via user-friendly trading platforms. You can choose from the popular MT4 and MT5 platforms respectively.

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Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

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Regulation

When it comes to choosing a broker, regulation is one of the first things that I look for. I would always prefer to trade online with a regulated broker as they can offer certain protection that an unregulated broker cannot. AETOS are regulated by some top-tier regulators. This helps to give me the peace of mind that they will operate in an honest manner and my funds will be safe.

• AETOS Capital Group Pty. Ltd. is licensed and regulated by the Australian Securities and Investments Commission (ASIC)
• AETOS Capital Group (UK) Limited is authorized and regulated by the Financial Conduct Authority (FCA)
• AETOS Markets (V) Ltd,is regulated by the Vanuatu Financial Services Commission (VFSC)
• AETOS Capital Group International Ltd is regulated by Cayman Islands Monetary Authority (CIMA)

Funds

In Australia, AETOS is a member of the Australian Financial Complaints Authority (AFCA) which is a conflict resolution body where aggrieved traders can lodge their complaints. Depending on the case and the final decision, eligible clients can receive compensations up to $5,000 per case.

The UK clients are protected by the Financial Services Compensation Scheme (FSCS) which insures eligible clients’ funds in the event of broker insolvency. Qualified investors can be entitled to compensations.

AETOS asserts that all client funds are maintained in segregated bank accounts and cannot be used for any other purpose by the broker. These accounts are maintained with the top rated international banks. The transaction records are audited and periodically sent to the regulators.

Countries

AETOS does not accept clients from USA, Canada, New Zealand, Hong Kong or certain countries and jurisdictions outside of Australia. If your country is not accepted, please feel free to find some alternative options on our broker ratings.

Platforms

MT4

This is one of the most widely used trading platforms for trading forex around the world, probably because it is so user-friendly. It was developed in 2005 by the trading software firm ‘MetaQuotes Software Corporation’. MT4 is also popular because of its inexhaustible capabilities and functions. It has many tools for trading and analysis. Already, thousands of plugin apps have been developed to enhance or add to its inbuilt functions. You can find that thousands of Expert Advisors (EAs), which automate strategies, have been built for MT4. The platform is free and it is available for web, mobile and desktop. This should be more than enough for the average day trader.

AETOS MT4 Platform

AETOS makes the MT4 available as a downloadable Windows desktop application and as mobile apps available for iOS and Android devices. The web version runs in most modern web browsers without the need to download or install any additional software.

I am a fan of the trading app as I like to be able to track my trades at any time without needing to switch my computer on. However, if you want all of the features of MT4 such as automated trading, then you will need the desktop version of the platform.

MT5

This platform was developed to succeed MT4 in 2010, again by MetaQuotes. Unfortunately, both platforms are not cross compatible. MT4 applications cannot upgrade to MT5 and apps built for the MT4 will not run on the MT5. Thus, I would always say it is better to choose one of the platforms and stick to it.

AETOS MT5 Platform

Though the physical interface of the two platforms look very similar, the MT5 platform has more tools and features than MT4. MT5 also supports plugin apps, EAs and numerous trading and analysis tools. AETOS provides the downloadable Windows desktop version of MT4 as well as the mobile app available for iOS and Android devices.

Here are the some of the key features of the MT5 with respect to the MT4:

• Charts can be displayed on 21 timeframes while the MT4 has 9 timeframes.
• Multiple order types including 6 pending orders while the MT4 has 4 pending orders.
• Preloaded with 38 technical indicators while the MT4 comes with 30.
• Up to 44 analytical tools while the MT4 has 24.
• The MT5 has the Depth of market feature.
• The Economic calendar is exclusive to the MT5.
• MT5 has a multi-currency strategy tester to back test EAs.

If you want more order types, chart timeframes and technical indicators, then you will probably want to go for MT5. If you just want a simple platform to buy and sell financial instruments, MT4 will do the job.

Tools

You will find that the provided platforms are packed with tools but I do like it when a broker gives us some more. I feel it enhances the overall trading experience by improving market analysis and making more informed decisions. If you want lots of trading tools, BlackBull Markets are worth checking out as they have an excellent selection.

Autochartist

Autochartist is a powerful market analysis tool to identify potential trading opportunities and present traders with a visual representation of that. Autochartist features the functions including auto alert on trading opportunities, market analysis rating and market report. Those functions are popular among beginner users who just stepped into the global investment market; other Autochartist components including volatility analysis and market movement range forecast are also favoured by experienced traders and function powerfully along their professional trading journey. Autochartist is available as plugins into AETOS MT4 trading platform and will effectively help trader to capture the next potential trading opportunities.

Autochartist

Trading Central

This is a renowned financial research firm that provides you with innovative fintech solutions and expert analysis on a wide range of trading instruments. They have a dynamic product suite that combines award winning analyst research with powerful pattern recognition to measurably help you participate in financial markets.

Trading Central

I think Trading Central is a great tool for automatically scanning the markets for potential trading signals that I may have otherwise overlooked. Forex.com provide Autochartist and Trading Central, both of which are fantastic tools for market analysis.

Economic Calendar

This calendar is on the brokers website and embedded in the MT5 trading platform. This calendar shows the date, time and country hosting the economic events that can have an impact in the financial markets. The impact level; low, mid high is stated as well as the forecasted and previous values. This tool can be a very important aspect of a trading strategies fundamental analysis. I would always check the market news as it helps me to decide if I should open or close a trade.

Market News

This is updated frequently; almost every hour on the website. It gives detailed information of what is happening in the financial markets. It also contains some analysis on selected instruments especially the major forex pairs. The news is collated from various sources such as FXStreet.com which is a website for up to date financial news. I have always found the site to contain useful information related to trading and visit it on a regular basis.

Market Commentary

This section of the website focuses on market analysis and give you commentaries on some of the major events that impact the different financial markets. It is updated daily on the website. Market commentary is presented to you with charts and analysis as downloadable pdf format files. Not all brokers provide market analysis so this helps set them apart.

Video Commentary

This video is presented by ‘AETOS Web TV’ and it is broadcasted from the New York Stock Exchange. It looks at the stock markets and the recent happening as well as forecasts. Unfortunately, it is not frequently updated.

Money Managers

AETOS has a money management program strictly for money managers and institutions. AETOS provides you with the software, back office and all the administration management. If you are a money manager then you can focus on your trading strategies in order to maximize profits. For those of you who need managed accounts, Eightcap are also worth consideration. They each have a good selection of MAM and PAMM accounts.

Education

AETOS have no trading academy on its website. There are no trading articles, eBooks, video lessons, platform tutorials, glossary or any other academic resources that will help a beginner. I find this disappointing as most brokers at least have some basic trading guides to help new traders. If you are new to trading, Fortrade have lots of free educational resources to help you learn more about the markets.

Markets

AETOS give you access to a limited choice of instruments for trading on its platforms. You will find the following:

• Forex currency pairs including minor, major and exotic crosses.
• Commodities are offered including metals and energies.
• Share CFDs and stock indices

If you are looking for plenty of instruments, IG would be my top choice as they have over 17,000 global markets to choose from. TMGM also have a generous selection of more than 15,000 for you to trade, putting them amongst our best stock brokers. I didn’t find any cryptos to trade but XTB have a good selection for you to choose from.

Accounts

AETOS offer only a live ‘General account’ and a demo account. $250 is the minimum amount you require to open the general account. If $200 is too much for you at the moment, Trade Nation let you get started with just $1.

The typical spread for the benchmark EURUSD is 1.8 pips. The minimum trade size is 0.01 lots while the maximum is 50 lots. The maximum leverage is 1:200. Those in the EU zone are offered a maximum leverage of 1:30. If you want higher leverage, Traders Way offer 1:1000.

Demo accounts are freely available on the MT4 trading platform. It is preloaded with a virtual capital of $10,000 but it expires after 14 days. Demo trading accounts can be useful for those who wish to test the different platforms and practice their trading strategies before going live. A demo account of just 14 days does not give you enough time to practice trading in my opinion. I have spent months trying out various manual and automated systems.

Overall, I found the account types lacking compared to other brokers such as PU Prime. The spreads are not the lowest you can find and the minimum deposit is higher than many other brokers.

Support

The client support desk is available 24/5 to assist you with any kind of problem that may arise. They can be reached via instant web chat, email, fax and telephone. If you have any suggestion or opinion, you are encouraged to fill the ‘feedback form’ provided. The support team also has a FAQ but it has only 9 questions and answers on account related issues. On social media, AETOS is on Facebook, Twitter, Instagram, LinkedIn and YouTube. The support has been reliable from my experience and helps to make up from some other areas where the broker has its limitations, mainly instruments and accounts.

Funding

AETOS has a good choice of methods for funding your account. I am impressed with the range of digital wallets available. This is my preferred method of making a deposit as I can get quick access to my funds which is important if there is some market news that I want to quickly act upon. The following payment options are available for you to choose from:

• Digital wallets
• Card payments
• Bank wire transfer

Please note that some methods may only be available to specific countries and not all are available for both deposit and withdrawal. Some additional fees may be charged when using certain payment methods. The withdrawal time can vary depending on the payment provider and method. Bank transfers may take a few business days to clear whilst some methods can be instant.

Some payment systems may have transaction limits, restrictions, and requirements which are indicated on their respective websites. You may need to verify your account to remove limits on particular methods in some countries. AETOS strictly does not accept third-party payments. All funds deposited into your trading account must be under the same name as your AETOS trading account.

Accounts can be opened USD, EUR, GBP, AUD. The different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency.

Conclusion

If you are looking for an award-winning broker that is regulated by ASIC and the FCA, I would certainly include them on my shortlist. They are an experienced broker that have been in operating since 2007. This makes me feel confident that they will be around for years to come.

You are provided with advanced and efficient platforms in the form of MT4 and MT5 which are available on both desktop and mobile devices. Everyone should not have any problems analysing the markets and placing trades as the platforms are very intuitive.

Most trading styles are supported including the use of trading robots, scalping and hedging. I like that there are multiple payment options available.

However, despite the positives, the minimum trading capital of $250 is on the high side when you compare with some other brokers who have $1 minimums. The assets index is also very small; there are no stocks, ETFs or cryptocurrencies.

You will not find any trading academy to assist you in learning the principles and how to trade if you are a beginner. Furthermore, there is only one main account type and an expiring demo account

In summary, whilst they are a regulated and established broker, they are limited in some areas. I think there is some room to improve their products and services in order to become one of the best brokers available to traders.

$250

AETOS is a regulated trading broker that provides online trading services to clients from all over the world. They offer competitive trading conditions along with expert analysis powered by ‘Trading Central’. However, trading instruments are limited and spreads incur a mark-up.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

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