AETOS Review 2020
AETOS is an award winning broker that is regulated in the UK and Australia. The broker provides services to over 200,000 clients from all over the world. It offers STP executions and comprehensive expert analysis powered by ‘Trading Central’. However, the spreads are not the lowest and the selection of trading instruments very limited compared to other brokers.
AETOS Review 2020, Pros & Cons
- Regulated by the reputable FCA & ASIC regulators
- Expert analysis provided in partnership with ‘Trading Central’
- Market news & commentary
- Both MT4 & MT5 platforms are available
- MAMM accounts
- No USA, Canada & New Zealand clients
- Demo accounts expire after 14 days
- Limited trading instruments
- No stock CFDs
- No cryptocurrencies
- Not the lowest spreads
- No trading academy for beginners
In this detailed AETOS review, our online broker research team have covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
AETOS is not ranked in our best forex brokers, best stock brokers, best cfd brokers, best crypto brokers or best online brokers categories. You can use our free broker comparison tool to compare online brokers including AETOS.
AETOS Review: Summary
AETOS Capital Group Pty limited is an Australian forex and CFD broker that operates on the core principles of ‘Fairness, efficiency and intelligence’. Founded in Australia in 2007 with headquarters in Sydney, the broker has 25 offices around the world. Today, AETOS serve clients from over 100 countries from all over the world. The broker offers about 40 instruments for trading online via the trading platforms provided which are the popular MT4 and MT5 platforms respectively.
In 2019, the “Online Personal Wealth Awards” honoured AETOS with the ‘Best MT4 broker’ and ‘Best NDD forex broker’ awards. AETOS was declared winner of the awards from the online poll voted by the online community of traders and experts on the organiser’s website.
AETOS Review: Regulation
AETOS Capital Group Pty. Ltd. is licensed and regulated by the Australian Securities and Investments Commission (ASIC). The AFS License number is 313016.
AETOS Capital Group (UK) Limited is authorized and regulated by the Financial Conduct Authority (FCA). The license number is 592778.
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 capped at £85,000 per client.
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.
AETOS Review: Countries
AETOS does not accept clients from USA, Canada, New Zealand, Hong Kong or certain countries and jurisdictions outside of Australia. Some AETOS broker features and products mentioned within this AETOS review may not be available to traders from certain countries because of legal restrictions.
AETOS Review: Trading Platforms
This is one of the most widely used trading platforms for trading forex around the world. It was developed in 2005 by the Russian firm ‘MetaQuotes Software Corporation’. MT4 is 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. Also, thousands of software Expert Advisors (EAs), which automates strategies, have been built for MT4. The platform is free and it is available on the web, mobile and desktop. 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.
This platform was developed to succeed MT4 in 2010 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. 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
AETOS Review: Trading Tools
This is a renowned financial research firm that provides 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 investors participate in financial markets.
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 will have impacts 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.
This is updated frequently; almost every hour on the website. It gives detailed information of all the happenings 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.
This section of the website focuses on market analysis and commentaries on some of the major events that impact the different financial markets. It is updated daily on the website. Market commentary is presented with charts and analysis as downloadable pdf format files.
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.
AETOS has a money management program strictly for money managers and institutions. AETOS provides the software, back office and all the administration management. The manager will only focus on his trading strategies in order to maximize investors’ profits.
AETOS Review: 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.
AETOS Review: Trading Instruments
AETOS offers 27 currency pairs for trading on its platforms. 3 metal assets are offered and they are Gold, Silver and Copper. About 8 indices and 1 energy asset; Brent Crude oil are also available. Trading instruments like stock CFDs, crypto assets, ETFs, etc are not available. The trading brokers review team consider this to be a very limited selection of trading instruments when compared to many other brokerages, some of whom provide thousands of assets for trading online.
AETOS Review: Trading Accounts & Fees
AETOS offer only a live ‘General account’ and a demo account. $250 is the least amount required to open the General account. 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.
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.
As broker fees can vary and change, there may be additional fees that are not listed in this AETOS review. It is imperative to ensure that you check and understand all of the latest information before you open an AETOS broker account for online trading.
AETOS Review: Customer Service
The client support desk is available 24/5 to assist the traders 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.
AETOS Review: Deposit & Withdrawal
AETOS does not accept cash payment or third party deposits. The following payment options are available:
- E-Payment: Skrill, ZotaPay, Neteller, PayTrust, NganLurong and Safecharge are the electronic payment gateways accepted by AETOS. Deposits are processed instantly or at most within a few hours. Withdrawals are processed within a day.
- Bank Cards: Visa and MasterCard are the debit and credit cards accepted by AETOS. Deposits are instantly processed but 3% commissions are charged.
- Bank wire transfer: This method is the most accepted method especially for withdrawals. The only snag is that it takes 1-5 working days to complete a bank transfer. Withdrawals fees of $25 are charged if there was no trade in the account before a withdrawal request.
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.
AETOS Review: Account Opening
Opening a trading account with AETOS is easy and takes only a few minutes. Just visit the brokers website and click on ‘Live Accounts’ found on the top most bar on every webpage. The 3-page registration page displays.
Fill in your email, phone number, country and choose a password. You should thoroughly read and understand the brokers policies before clicking submit. On the second page, choose your preferred account settings, your name, address, investment experience and financial information. You should also carefully read the various terms and then click submit if you agree to them. The last page is for uploading of verification documents. The account is created and login details are sent via email. When your account has been verified by the accounts team, you will be able to make a deposit and start trading online.
AETOS Review: Conclusion
AETOS is an award winning broker that is regulated by ASIC and the FCA. It is an experienced broker that has been in operations since 2007. Clients are provided with advanced and efficient platforms in the form of MT4 and MT5 which are available on both desktop and mobile devices. Most trading styles are supported including the use of software trading robots, scalping and hedging. Multiple payment options are also available.
The minimum trading capital of $250 is on the high side when you compare with some other brokers who require much less. The assets index is also very small; there are no stocks, ETFs, cryptocurrencies, etc. AETOS has no trading academy to assist new traders in learning the principles and how to trade.
In summary, the AETOS is a regulated and established broker but there are a few areas in which they could improve their services in order to become one of the best brokers available to traders.
CFDs are complex instruments and come with high risk of losing money rapidly due to leverage. 73.64% of retail investor accounts lose money when trading CFDs with AETOS UK. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.