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Forex Broker and Market Maker
USD, EUR, GBP
Bad communication, unprofessional staff.
Just stay away from AAATrade. They are the worst in the market.
from United Kingdom
AAATrade provides one of the worst available conditions for trading!
I have tried 23 different brokers (20 demos & 3 live) and found AAATrade one of the worst one.
I nearly doubled my other 2 live accounts (even 3 times I doubled 3 demo account of AAATrade), but I got stopped-out several times on my AAATrade live account in the same time!!!
When it comes to the real money, they arm themselves for you ;)
Here are what I found interesting during my 1 year+ experience with AAATrade:
1- Different chart data
There are several long wicks on some candles that you can’t see in any other broker or Treading View’s chart. (They acknowledge this “… prices may significantly differ from broker to broker as Forex Market is decentralized and each broker may have its own pool of Liquidity Providers… ”)
2- Wobbling of spreads
For a particular pair, for example, they say minimum spread is 0.1 and average spread is 1.2 but actually the minimum spread is 2.0 and even you can’t see this spread for few seconds, it’s changing rapidly all the time.
3- Margin / leverage adjustment during open/close sessions, news and weekends.
3 hours before closing of Friday session, they double margin requirements (this caused me margin call while my margin level was %500)
4- Ridiculus widening of spreads
Sometimes widening of their spread during news events, reaches to 10 times higher and can hit your stop-loss or even stop you out.
5- The margin requirements differ for different instruments
6- Restriction of trade (and frozen charts) 10 min before market close and 15 minutes on opening (Monday session).
7- Disconnecting from server few times a day, especially during news event or volatile market conditions.
8- Limited chart / data on demo accounts.
9- There are hidden fees everywhere e.g.for Deposit and Withdraw.
10- Robotic support / live chat
They don’t read or care what you’re typing or asking, they just copy and paste pre-defined answers.
SCAM STAY AWAY.
Yes have the same problem too. Most probably is due to time difference. Its because they are located in Europe.
However everything okay so far! So many options to trade and their characteristic is their professionalism.
So sorry to hear that Ndep.. I have an account with AAATrade for 6 months and everything goes well until now! Only negative point about them is that sometimes they reply me after some hours... However they are always up to the point , with ready solutions and support.
I choose AAATrade for 2 reasons only. They have huge liduidity & reliability. I've been trading with them since 2015 and until now I am very pleasedOnly disadvantages is that their maximum leverage is just 1:200, they don't give bonuses and their website is old.
SCAM stay away! don't even think to have business with them!!!
I have account in two brokers. One of them is AAATrade. Their website is not so good in terms of experience and looks old, however their support is great and most important they offer soo many options to trade.
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