AIMSFX ReviewCategory: Reviews | Author: Trading Brokers | Date: December 21, 2023
When it comes to online trading, it’s important to carefully vet any broker you might consider working with. There are a lot of scams and shady operations out there looking to take advantage of new traders. That’s why we wanted to take a closer look at AIMSFX and see if they seem like a legit and trustworthy company.
AIMSFX offers online trading in forex, indices, commodities, shares, cryptocurrencies, and more. They say they use “institutional grade liquidity and advanced trade matching technologies” to provide traders the best prices. But is all of that actually true? Can we trust them with our hard-earned money?
In this review, we’ll give you the key facts about AIMSFX so you can evaluate if they seem like a good fit or not. We’ll look at their regulation status, trading platforms and tools, educational resources, account options, funding methods, and more. Just the useful stuff without any fluff to provide unbiased information to help you make an informed decision yourself.
Pros & Cons
- Wide range of trading products
- Comprehensive educational resources and trading tools
- Multiple convenient funding methods
- Offers both live and demo accounts
- No proprietary trading platform, only MT4
- Relatively new in the market
- Limited customer support hours
- Limited information available on the website
AIMSFX is a global financial brokerage that offers a robust and seamless platform for trading. With a presence in 14 countries, including Australia, Dubai, Malaysia, Vietnam, Cambodia, Japan, Korea, Indonesia, Hong Kong, China, India, Thailand, Africa, and Europe, AIMSFX has established itself as a renowned player in the financial markets.
The platform offers a wide range of trading products, allowing traders to diversify their portfolios and gain global exposure. Whether you’re interested in forex, global shares, indices, or commodities, AIMSFX has got you covered.
In terms of account types, AIMSFX offers both live and demo accounts. The live account lets you trade with real money, while the demo account provides a risk-free environment for you to practice your trading strategies and familiarize yourself with the platform.
Funding your account is also made easy with several convenient methods available, including bank wire transfers, credit/debit cards, e-wallets, and local bank transfers.
Moreover, AIMSFX provides a range of educational resources and trading tools to help traders improve their skills and make informed trading decisions. These include an economic calendar, market holiday tool, futures CFD rollover tool, and the MetaTrader 4 platform with built-in technical indicators and expert advisors.
Basically, AIMSFX offers a comprehensive trading experience with a variety of markets to trade in, multiple account types to suit different trading needs, and a range of funding methods for convenience. Their educational resources and trading tools also make it a solid choice for both beginner and experienced traders. However, it’s always important to do your own research and consider other brokers before making a decision.
When it comes to regulation, AIMSFX is overseen by multiple regulatory bodies. Auric International Markets Pty Ltd, which operates AIMSFX, is authorized by the Australian Securities and Investments Commission (ASIC) with AFS license number 430091. Additionally, Auric International Markets Limited is registered in Vanuatu with registration number 14664 and is authorized by the Labuan Financial Services Authority (LFSA) with license number MB/17/0017.
Furthermore, Auric International Markets (Cambodia) Co. Ltd is regulated by the Securities and Exchange Regulator of Cambodia (SERC) with registration numbers SHR1#29 and SHR1#31. It’s worth noting that AIMSFX is also regulated by the Vanuatu Financial Services Commission (VFSC), which is known for its relatively lenient regulatory environment and lower capital requirements compared to other jurisdictions.
However, the fact that AIMSFX is regulated by multiple authorities, including ASIC and LFSA, adds credibility to their operations. Though AIMSFX is regulated by several authorities, which should provide some level of confidence for traders. However, it’s always a good idea to explore other options as well. Please see a list of regulated brokers for some alternative options.
Platforms & Tools
AIMSFX offers the MetaTrader 4 (MT4) platform for trading. MT4 is a well-known platform in the trading world, appreciated for its user-friendly interface and comprehensive tools. It’s a solid choice whether you’re a newbie just dipping your toes into the trading waters or a seasoned pro looking for advanced features. One of the great things about MT4 is its flexibility. You can use it on your desktop for a full suite of features, or you can take your trading on the go with the MT4 mobile app. The app offers advanced charts and one-swipe trading, so you can stay on top of the markets no matter where you are
Now, let’s talk about the tools AIMSFX offers to help you make informed trading decisions.
- Economic Calendar: The Economic Calendar is a handy tool that keeps you updated on all the important financial events and economic indicators that can impact the markets. It’s like your personal financial news feed, helping you stay ahead of market movements.
- Built-in Technical Indicators: The MetaTrader 4 platform provided by AIMSFX includes 30 built-in technical indicators. These indicators allow for extensive technical analysis, helping traders analyze price movements, identify trends, and make informed trading decisions.
AIMSFX offers a variety of educational resources to help traders improve their skills and knowledge. Here are three(3) educational resources you can find on their website:
- FAQs: AIMSFX has a comprehensive FAQ section on their website. This resource covers a wide range of topics, from account opening and funding to trading conditions and platform usage. It’s a great starting point for anyone new to the platform or looking for quick answers to common questions.
- Market Holiday: The Market Holiday tool provides information about holiday hours and notices. This resource helps you stay aware of changes in trading hours during holidays, allowing you to adjust your trading strategies accordingly.
- Futures CFD Rollover: The Futures CFD Rollover tool offers insights into when futures contracts will be rolled over to the next contract period. Understanding these rollover dates can help you manage your futures positions more effectively and make better-informed trading decisions.
These educational resources, combined with the tools and platform offered by AIMSFX, can help traders of all experience levels improve their trading skills and knowledge.
AIMSFX offers a wide range of markets for traders to explore. Here’s a quick rundown:
- Currencies: AIMSFX offers over 70 forex currency pairs, making it a great platform for those interested in the foreign exchange market. Whether you’re into major pairs like EUR/USD and GBP/USD or you’re more into exotic pairs, you’ll likely find what you’re looking for here.
- Global Shares: If you’re more into the stock market, AIMSFX has got you covered. They offer CFDs on shares from global markets. This means you can speculate on the price movements of shares from top companies around the world without actually owning the shares.
- Global Indices: AIMSFX also offers trading on global indices. This allows you to speculate on the performance of entire sectors or national economies. It’s a great way to diversify your trading and potentially capitalize on broader economic trends.
- Metals & Commodities: If you’re interested in trading commodities, AIMSFX offers a range of options. You can trade precious metals like gold and silver, as well as other commodities. This can be a good way to hedge against market volatility or to speculate on price changes in these markets.
In essence, AIMSFX offers a wide range of markets to trade in, providing plenty of opportunities for traders of all types. Whether you’re into forex, stocks, indices, or commodities, there’s likely something for you here. But as always, make sure to do your own research and consider your own trading goals and risk tolerance before diving in.
AIMSFX offers two main types of accounts for traders: Live Account and Demo Account. Let’s break down what each of these accounts offers:
- Live Account: This is the real deal. With a live account, you’re trading with real money and all the profits and losses are real too. AIMSFX makes the process of opening a live account pretty straightforward. You just need to complete their online application form and deposit funds into your account. Once the funds are credited, you’re good to start trading.
- Demo Account: If you’re new to trading or just want to test out the AIMSFX platform before committing real money, the demo account is a great option. It allows you to trade with virtual money, giving you a risk-free environment to practice your trading strategies and get familiar with the platform.
Remember, trading involves risk and it’s possible to lose your invested capital. So, whether you’re trading on a live account or a demo account, it’s important to educate yourself, use the tools available, and make informed decisions. And as always, consider exploring other brokers to find the one that best fits your trading needs.
Funding your AIMSFX account is a breeze, with several convenient methods available. Here’s the lowdown:
- Bank Wire Transfer: This is a reliable method to fund your account. It might take a bit longer compared to other methods (usually 1-3 working days), but it’s a solid choice if you’re not in a rush.
- Credit/Debit Card: If you want to fund your account instantly, using a credit or debit card is a good option. AIMSFX accepts both Visa and Mastercard.
- E-Wallets: AIMSFX also supports various e-wallets for deposits and withdrawals. These include Skrill, Neteller, and STICPAY. These methods are usually instant, making them a great choice if you want to start trading right away.
- Local Bank Transfer: For some countries, AIMSFX offers the option of local bank transfer. This can be a convenient and cost-effective method for funding your account.
One thing to note is that AIMSFX does not charge any fees for deposits or withdrawals. However, your bank or payment provider might charge fees, so it’s a good idea to check with them beforehand. Remember, the method you choose for funding can impact how quickly you can start trading, so choose the one that best fits your needs. And as always, make sure to do your own research and consider other brokers as well.
In wrapping up this review, it’s clear that AIMSFX offers a comprehensive trading experience with a variety of markets to trade in, multiple account types to suit different trading needs, and a range of funding methods for convenience. Their educational resources and trading tools also make it a solid choice for both beginner and experienced traders. However, it’s worth noting that while AIMSFX offers strong features, there are other brokers with longer track records that might be worth considering as alternative options. For additional choices, we encourage you to explore our trading broker reviews. Remember, trading involves risk and it’s always important to do your own research before diving in.