AIMSFX

There are two aspects that make us uncomfortable about the terms and conditions of trading offered by this broker that are the large minimum initial deposit , and the spreads that are wide. In comparison, the majority of brokers will require anywhere from $200 to 500 as the minimum deposit and even those that are well-regulated. In contrast, you can create an account with the most reputable spread betting and forex provider IG for only $1.

Regarding spreads, they generally are within the range of 1.0 1.5 – 1.5 pips per amount for EUR/USD pair and AIMS has spreads of more than 2 pips on this pair. For additional details and comparisons it is possible to search and examine the real-time spreads offered by the top 15 brokers here..

The Company. Security of Funds

AIMS offers an off-shore broker providing trading on a wide variety of currencies such as precious metals, precious metals, along with indices and commodities CFDs on the most popular MT4 platform.

The business behind the brand name, Auric International Markets Limited (AIMS) is a part of St. Vincent and the Grenadines (SVG) authority. Althogh it is said that the Financial Services Authority is said to oversee and regulate the international financial services industry as well as non-bank financial institutions The local forex regulatory regime is among the most open ones. The registration process is simple and cost-effective, and firms have little oversight from the regulators and, if any. However, this, on contrary, means that the clients of these brokerages do not have any protection in case there is a problem.

In light of the potential risks involved in conducting business through an off-shore broker We would suggest that you choose between brokers that are regulated by the EU (by FCA of CySEC for instance) and Australia or in another country, where the financial watchdogs in each jurisdiction are alert and your funds will be secured.

Trading Platform

AIMS is compatible with the widely-used MetaTrader 4 (MT4), accessible as a download for desktops as well as mobile apps.

MetaTrader 4, the top trading platform for the majority of traders and this is the reason it is provided by most brokerages. The MT4 includes all the required tools and features required by traders to study the prices that are associated with the financial instrument (advance tool for charting, integrated indicators back-testing the options) and perform trade transactions, and develop and use automatized techniques (Expert advisors).

Methods of Payment

AIMS provides its customers with the payment options listed below: wire transfer, credit/debit card and third-party payment providers like China Unionpay and FasaPay.

The minimum amount for withdrawal is $50.

Conclusion

AIMS offers an off-shore forex as well as CFD broker which promises to provide 100% No-Dealing-Desk execution using the MT4. However, we have found spreads over the average as well as the deposit to be too high. Naturally, the primary issue for this brokerage is its lack of regulation.