AIMS Broker Review

AIMS (Auric International Markets Ltd), established in 2015 in Labuan, Malaysia, serves a global clientele including regions like Australia, Dubai, and East Asia. The online broker offers a variety of trading instruments such as currencies, cryptocurrencies, global shares, indices, and commodities. The company provides several account types to suit different trading preferences, including MAM accounts and Standard accounts, alongside a demo account for risk-free practice on the MetaTrader 4 platform. AIMS supports its traders with customer service options like email and live chat and maintains an active social media presence to engage with clients.

Is AIMS Legit?

AIMS is regulated by multiple financial authorities, ensuring compliance with international standards and providing a secure environment for investors:

1. Labuan Financial Services Authority (LFSA):

1. Regulation Status: Regulated

2. Jurisdiction: Malaysia

3. Type: Straight Through Processing (STP)

4. License Number: MB/17/0017

These regulatory frameworks underline AIMS' commitment to adhering to strict regulatory requirements, enhancing the trust and safety for its clients in Malaysia through LFSA and in Australia through ASIC. Investors can feel more secure knowing that AIMS operates under the oversight of recognized regulatory bodies.

Market Instruments

Tradable financial assets on AIMS trading platform are currencies, cryptocurrency, Global shares, Global indices, metals & commodities.

The market instruments offered by AIMS (Auric International Markets Limited) provide traders and investors with a diverse range of opportunities to participate in the global financial markets. AIMS offers a variety of products, including currencies, cryptocurrencies, global shares, global indices, and metals & commodities.

1. Currencies: AIMS offers trading in various currency pairs, including EURUSD and GBPJPY. Currency trading allows investors to speculate on the exchange rate movements between different currencies. Traders can take advantage of fluctuations in currency values to generate profits.

2. Crypto: AIMS provides access to popular cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH). Cryptocurrency trading allows users to participate in the digital asset market, taking advantage of price movements and volatility in cryptocurrencies.

3. Global Shares: AIMS offers trading in global shares, including companies like Pfizer, Facebook, and Apple. Trading global shares allows investors to participate in the equity markets of prominent companies worldwide, potentially benefiting from capital appreciation and dividends.

4. Global Indices: AIMS allows trading in global indices, such as the The S&P 500 (SPX), Dow Jones Industrial Average (DJI) and Nasdaq Composite (IXIC) . Global indices represent the performance of a group of stocks from specific markets, providing insights into overall market trends and volatility.

Account Types

Apparently, there are two account options offered by AIMS in total: the Standard account and the MAM account. The first account come with a minimum deposit of $50, and the second account with a minimum deposit up to $5,000.

1. MAM Account:

The MAM (Multi-Account Manager) account offered by AIMS requires a minimum deposit of $10,000. This account type allows traders to manage multiple sub-accounts under a single master account. The spreads for currency pair EURUSD range between 1.5-1.6, and for Gold, they range between 1.8-2.8. There is no commission charged for trades, and the leverage available is 1:400. The minimum lot size for trading is 0.01.

2. Standard Account:

The Standard account provided by AIMS is suitable for traders who prefer a lower minimum deposit requirement. To open a Standard account, a minimum deposit of $50 is required. The spreads for EURUSD and Gold are the same as in the MAM account. There is no commission charged for trades, and the leverage offered is also 1:400. The minimum lot size for trading is 0.01.

Swap-Free Accounts:

AIMS recognizes the needs of traders who prefer not to pay daily swap fees due to religious reasons. As a result, they offer 10-day swap-free accounts, which means there are no swap or rollover charges on overnight positions.

Demo Account:

Additionally, AIMS provides a demo account for users who wish to practice trading or test their strategies without risking real money. The demo account allows traders to gain experience and familiarize themselves with the trading platform before engaging in live trading.

Trading Platform

AIMS utilizes MetaTrader 4 (MT4), a leading trading platform known for its user-friendly interface and extensive features. MT4 supports efficient trading, market analysis, and risk management, and is equipped with capabilities for automated trading via Expert Advisors (EAs). It offers a wide range of trading products including Forex, commodities, indices, and cryptocurrencies, with access to over 80 instruments.

The platform includes 30 built-in technical indicators for detailed analysis and provides comprehensive trade history to review performance. MT4 is available on both desktop and mobile devices, ensuring traders can manage their activities conveniently from anywhere.

Leverage

This broker offers a maximum leverage of 1:400, which is quite high. Investors are advised to use leverage with caution since trading leverage can increase profits but also bring many risks.

Spreads & Commission

As regards the spreads, they usually fall within the range 1.0 – 1.5 pips per standard lot for the EUR/USD pair, while AIMS offers spreads above 1.5-1.6 pips for this pair, a little higher. The broker requires no trading commissions.

Deposit & Withdrawal

Traders at AIMS have various options for depositing and withdrawing funds. The available methods include Alipay, Wechat Pay, UnionPay, advcash, payTrust, help2pay, Bitcoin, Skrill, Local Bank, fasapay, STICPAY, VISA, and Mastercard. These payment options allow users to fund their trading accounts using credit/debit cards, wire transfers, and third-party payment providers like China Unionpay, FasaPay, Alipay, and Wechat Pay.

Trading Tools

AIMS (Auric International Markets Limited) offers a range of trading tools designed to enhance the trading experience and provide valuable information for traders. These tools include an Economic Calendar, Market Holiday notices, and a Futures CFD Rollover system.

ECONOMIC CALENDAR:

AIMS provides an Economic Calendar that keeps traders informed about the latest financial events. This tool allows users to stay ahead by tracking important economic indicators, such as interest rate decisions, employment reports, GDP releases, and more. By having access to this calendar, traders can anticipate market movements and make informed trading decisions based on upcoming events.

FUTURES CFD ROLLOVER:

AIMS offers a Futures CFD Rollover tool that assists traders in managing futures contracts. Futures contracts have expiration dates, and to ensure uninterrupted trading, AIMS facilitates the rollover process. When a contract matures, AIMS replaces it with a new one before the old contract expires. This tool also takes into account the price difference between the two underlying contracts, allowing traders to seamlessly transition between contracts.

Customer Support

AIMS (Auric International Markets Limited) offers comprehensive customer support accessible 24/5 to assist and address client inquiries effectively. Customers can contact the support team through various methods:

1. Email: Users can send their queries to the official support email at cs@aimsfx.com, with the team committed to responding promptly.

2. Live Chat: Available on their website, this service enables real-time interactions with support representatives for immediate assistance.

3. Social Media: AIMS is active on multiple platforms including Facebook (https://www.facebook.com/aimsfx/), Instagram (https://www.instagram.com/aimsfx_official/), YouTube (https://www.youtube.com/channel/UCCAcpyEyIL-ragKukoE9dWw), and LinkedIn (https://www.linkedin.com/company/aimsfx/). These channels not only offer additional avenues for support but also keep customers informed about the latest company updates and services.

Conclusion

In conclusion, AIMS (Auric International Markets Limited) offers a range of market instruments, account types, leverage options, trading platforms, and customer support services. However, there are certain disadvantages to consider. The lack of transparency in market instruments, limited information about certain account types and tools, and potential regulatory risks across jurisdictions pose challenges. Additionally, the platform's trading tools have limited details, and the compatibility with Mac OS is lacking.

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