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AroTrade
Rating: Rated with 4.5 stars
Binary Option Programs Award
Min. Deposit
$250
Min. Investment
Regulated Broker
No

  1. AroTrade

    If you are interested in trading with AroTrade, make sure to do so through FXMasterBot – a reliable and free online trading software that connects you directly to AroTrade and all the other brokers available to your country to choose from.

    Founded in 2018, AroTrade is a regulated Forex/CFDs broker, offering more than 1,000 tradeable assets including cryptocurrencies, on an easy-to-use browser-based trading platform. Trading starts from $250 with low fixed spreads and zero trading commission. AroTrade is available in English, Russian and Arabic with 24/6 multi-lingual support.

    AroTrade is the trading name of SPEED SOLUTIONS LTD, regulated by the Belize International Financial Services Commission (IFSC) number IFSC/60/391/TS/17. The company is registered to 5, Cork St, Belize City, Belize.

    AroTrade Live Account Types

    Customers at AroTrade have a choice of six live trading accounts, carefully tailored to meet the needs and goals of all types of trader. Notably, trading accounts are free of trading commission, but traders are charged a profit clearance fee and account maintenance fee instead (details given at the end of this review). However, all account holders have access to dedicated professional support, 24/6 and to the education centre.

    AroTrade Basic Account Features

    • Minimum initial deposit $250
    • 20% voluntary welcome bonus
    • Daily market review with updates
    • Pro webinars showing live trading
    • Price alerts
    • Daily analysis video

    AroTrade Bronze Account Features

    • Minimum initial deposit $1,000
    • 40% voluntary welcome bonus
    • Junior account manager
    • Daily market review
    • Pro webinars
    • Price alerts
    • Daily analysis video

    AroTrade Silver Account Features

    • Minimum initial deposit $2,500
    • 60% voluntary welcome bonus
    • Silver spreads
    • Senior account manager
    • Daily market review
    • Pro webinars
    • Price alerts
    • Daily analysis video

    AroTrade Gold Account Features

    • Minimum initial deposit $10,000
    • 80% voluntary welcome bonus
    • Gold spreads
    • VIP account manager
    • Gold signals from PIA First
    • Personalised trading strategy
    • Daily market review
    • Pro Webinars
    • Price alerts
    • Daily analysis video

    AroTrade Platinum Account Features

    • Minimum initial deposit $25,000
    • 100% voluntary welcome bonus
    • Platinum spreads
    • Platinum signals
    • VIP account manager
    • 1-on-1 trading trainer
    • Personalised trading strategy
    • Daily market review
    • Pro Webinars
    • Price alerts
    • Daily analysis video

    AroTrade Black Account Features

    The Black account is designed for exclusive customers at AroTrade. To find out about the special features of the Black account, customers are required to contact their account manager.

    AroTrade Demo Account

    Clients can register a demo account with AroTrade by giving a name, email address and phone number. Importantly, traders must open a live account and deposit real money, before asking the account manager to activate the demo account. Subsequently, up to $10,000 of virtual funds are added to the Demo account for risk-free practice trading in an authentic environment. We consider demo accounts a convenient and practical way for traders to familiarise themselves with trading tools and strategies, before trading with real money.

    AroTrade Islamic Account

    Followers of the Moslem faith can open a zero-commission Islamic account with AroTrade, without affecting the growth of their personal portfolios and profits from Forex/CFD trading. The fixed spread Islamic account is interest free and swap free and has no position rollover. Notably, the AroTrade Islamic account is 100% Halal certified.

    AroTrade Bonus Offers

    All trading account types at AroTrade offer a voluntary welcome bonus based on the initial deposit amount, and possible bonus offers thereafter. It’s important to realise that promotional bonuses come with strict terms and conditions that may vary from one offer to another. Once accepted, clients are required to execute large trading volumes, before they can withdraw funds from their accounts.

    AroTrade Trading Platform Features

    Customers can access the AroTrade trading platform from desktop or mobile device, immediately connecting to global financial markets.

    AroTrade Desktop Platform

    Unlike many complex trading platforms offered by Forex/CFD brokers, the AroTrade desktop platform is user-friendly and flexible, despite being equipped with sophisticated trading tools. Customers can choose from more than 1,000 global assets on the smart dashboard, for fast, secure and transparent CFD trading. Tradeable assets span cryptocurrencies, Forex, stocks, commodities and indices with fixed low-cost spreads (customers must contact their account manager for spreads information). Moreover, AroTrade provides flexible leverage up to 1:200 depending on the asset type. Importantly, traders enjoy one-click execution, helping them to make the most of market movements in seconds. Trading signals alert clients to possible real-time trading opportunities and can help traders to hone their personal strategies. Convenient ‘set and forget’ tools such as the Stop-loss and Take-profit orders, enable clients to manage risk on the trading platform without constantly monitoring trades. The AroTrade desktop platform also features price alerts, notifying clients when it’s time to trade. Additionally, customers have access to an economic calendar and five report types for improving investment decisions and developing new trading strategies.

    AroTrade Mobile Platform

    Clients don’t need to compromise on trading opportunities when they are away from their desktop terminal. AroTrade offers an innovative trading app for iOS and Android powered devices. With the mobile trading platform customers can manage their trading accounts in the same way as the desktop platform, with price alerts, trading signals and one-click trading. Importantly, traders can make secure deposits and withdrawals from the mobile platform and access multiple analysis tools.

    Trading Cryptocurrency CFDs at AroTrade

    Traders can trade cryptocurrency CFDs without owning the cryptocurrency underlying assets. Importantly, clients only trade in the price movements in cryptocurrency markets so they can open and close positions without relying on market liquidity. AroTrade offers Bitcoin, Bitcoin cash, Ethereum, Dash, ZCash and Ripple digital currencies, paired with the USD and the EUR. Also, several cryptocurrency pairs for potentially profitable CFD trading.

    AroTrade Customer Support

    AroTrade is committed to the highest level of customer service and demonstrates its commitment through multiple contact methods and an extensive FAQs page. Traders can count on a live customer support 24/6 directly from the interface through live chat and a call back service. Alternatively, by submitting the support form, a member of the customer service team usually contacts the client within minutes. Additionally, traders in South Africa, Malaysia, Singapore, New Zealand, Switzerland, Russian Federation and Kazakhstan can phone local numbers for customer support in their own languages. Customers in other countries, are provided with international phone and FAX numbers on the contact page. Customers wishing to make email enquiries have 6 separate email addresses to choose from, dealing with a broad range of topics. We were impressed to see that AroTrade has a transparent complaint resolution process. Notably, customers are asked to submit complaints by email to the complaints department, where rapid solutions are sought to disputes.

    AroTrade Payment Methods

    Customers can choose to fund their AroTrade accounts using Visa or Mastercard credit/debit cards, Skrill, Neteller, or bank wire transfer. Accounts can be opened in EUR, GBP or USD, and once the base currency has been chosen, it can’t be changed. Impressively, AroTrade uses advanced encryption and protection protocols, to safeguard customer accounts and personal data. We were pleased to see that the deposit and withdrawal processes are straightforward and done directly from the customer’s personal AroTrade account. Withdrawal processing takes 3-5 days and can be tracked in the personal account.

    The minimum withdrawal by credit/debit card and e-wallet from AroTrade is £€$50. Whilst the minimum amount by bank wire transfer is £$€100. Withdrawals are generally charged a 3.5% service fee, capped at £$€3,500. However, if the service fee is less than £$€30, a fixed service fee of £$€30 is charged on the withdrawal. Moreover, the bank handling fee incurred by executing a bank wire transfer to a client, is charged to the beneficiary.  However, VIP, Platinum and Black account holders are accorded the first withdrawal of the month, free of charge.  All registered customers at AroTrade must provide the necessary documents proving identity and address following account registration. Importantly, this is in compliance with strict ant-money laundering regulations and cannot be avoided. Moreover, traders who wish to fund their account with a credit card, must copy the card front and back, after blocking the CVV code, and all but the last four digits of the card number.

    AroTrade Account Maintenance Fee

    Trading accounts at AroTrade are charged a monthly maintenance fee of 20 EURO, GBP or USD. The charge ‘encompasses all services and features available for traders’.

    AroTrade Profit Clearance Fee

    All successful trades and trades sold for profit are charged a profit clearance fee by AroTrade. This is in addition to the spreads charged by the broker on tradable assets. The profit clearance fee varies between £$€1.5 and £$€5 per trade, depending on the volume of profit generated by each trade. We have included the schedule of profit clearance fees below.

    • 5 on up to 250 of profit
    • 0 on 251-500 of profit
    • 0 on 501-1000 of profit
    • 0 on 1001-2500 of profit
    • 0 on 2501 and more of profit

    AroTrade client transactions are processed by SPEED PA Ltd, 28 Jawaharlal Neru Blvd, Silver Business Center, Office 24, 132 Sofia, Bulgaria.

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