Introduction
AITrades is a binary options broker that is owned by Advanced Technology International Ltd. The company is based in St. Vincent and the Grenadines and was founded in 2016. The broker offers trading in a variety of assets including commodities, stocks, indices, and forex pairs. AITrades is regulated by the Vanuatu Financial Services Commission (VFSC). In this AITrades review, we will take a look at the broker’s regulation, trading platforms and instruments, as well as the pros and cons of trading with AITrades.
About AITrades
AITrades is a global online broker that provides access to financial markets for retail and institutional investors. The company offers a variety of trading platforms and instruments, as well as a wide range of investment products and services. AITrades is regulated by the Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC) and the Markets in Financial Instruments Directive (MiFID).
AITrades was founded in 2007 by a team of experienced financial professionals with a passion for technology and innovation. The company’s mission is to provide its clients with the best possible online trading experience. AITrades is headquartered in London, UK.
Regulatory Oversight
AITrades is a company that provides online trading services. It is based in the Marshall Islands and is not regulated by any financial authority. The company offers two types of accounts: ECN and STP. Both account types offer leverage of up to 1:500 and a minimum deposit of $100.
ECN accounts have no commission, but they have a wider spread. STP accounts have a commission of $4 per lot, but they have a narrower spread.
The company offers the following tradable instruments: major and minor currency pairs, precious metals, CFDs, and cryptocurrencies. Cryptocurrency trading is available only on the ECN account type. AITrades uses the MetaTrader 4 trading platform.
The Pros:
-Wide range of tradable instruments
-Leverage up to 1:500
-MetaTrader 4 platform
The Cons:
-No regulation
-Wider spreads on ECN accounts
Types of Trading Platforms
There are three types of trading platforms that AITrades offers its clients: the MetaTrader 4 (MT4) platform, the WebTrader platform, and the Mobile Trader platform.
The MT4 platform is a popular choice for many traders as it is user-friendly and offers a variety of features and tools. Some of the features include advanced charting, ability to place orders directly from charts, and multiple language support. The WebTrader platform is designed for those who want to trade on the go or do not have access to a desktop computer. It is accessible via any web browser and offers all the same features as the MT4 platform. The Mobile Trader platform is designed specifically for mobile devices and can be downloaded from the App Store or Google Play. It offers all the same features as the other two platforms.
Instruments Traded
Instruments traded refers to the different types of financial instruments that are traded on the AITrades platform. These include forex pairs, CFDs, cryptocurrencies, indices, and metals. AITrades offers a wide range of tradable assets, giving traders plenty of choices when it comes to instrument selection.
One notable thing about the instruments offered by AITrades is that they cover a wide range of markets. For instance, in addition to major forex pairs like EUR/USD and USD/JPY, the platform also offers exotic currency pairs such as USD/TRY and USD/ZAR. This is good for traders who want to diversify their portfolios and take advantage of different market conditions.
Another thing to note about the instruments traded on AITrades is that they offer leverage up to 1:500. This is much higher than what other brokers offer, which means that traders can make bigger profits (or losses) with less capital. Leverage can be a double-edged sword, so it’s important to use it wisely and not over-leverage your account.
Overall, AITrades provides a good selection of instruments for traders to choose from. The fact that they offer leverage up to 1:500 is also a plus point, although this does come with additional risk.
Pros and Cons of Trading with AITrades
There are a number of pros and cons to trading with AITrades that potential customers should be aware of before deciding whether or not to open an account.
On the plus side, AITrades is a regulated broker that offers a wide range of tradable assets including forex pairs, CFDs, commodities, indices, and cryptocurrencies. The broker also provides its traders with access to powerful trading platforms like MetaTrader 4 and 5, as well as a mobile trading app.
Another big advantage of trading with AITrades is that the broker offers some very competitive spreads and fees. For example, spreads on major forex pairs start from just 0.3 pips and there is no commission charged on trades.
However, there are also a few downsides to consider before opening an account with AITrades. One is that the minimum deposit required to get started is quite high at $500. Another potential drawback is that customer support is only available during business hours (9am-5pm GMT).
Conclusion
Overall, AITrades is a reliable and regulated online broker that offers a great selection of trading platforms and instruments. The main pros are its low fees, fast execution speeds and excellent customer support. However, the main con is that it is not available to US clients.