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AroTrade is one of the fastest growing online trading brokerages with an asset index of over 1000 stocks, forex, commodities and indices available as CFDs. The brokerage primarily serves the average retail investor by providing low cost investment opportunities, financial education, and sophisticated trading platforms and tools to help their clients succeed.
AroTrade was only recently established in 2018 and is owned and operated by Speed Solutions Ltd. The brokerage is an offshore trading brokerage as they are based out of Belize with their headquarters located at 5, Cork St, Belize City, Belize. Though they are based offshore, AroTrade thus far has a good reputation and are licensed and regulated by the Belize International Financial Services Commission (IFSC) with number IFSC/60/391/TS/17.
With so many online trading brokerages to choose from and many of them being fraudulent, how do you know which one to choose? We’re here to make your decision easier with our in-depth AroTrade Broker Review where we analyze all aspects of this lucrative broker.
Excellent Customer Service
Support representatives are very helpful and responsive. Traders have access to numerous support and education resources.
Diverse Account Types
No matter what type of trader you are, AroTrade has an account for you as they feature 6 different accounts.
Nice Trading Platform
The trading platform was designed with the average retail trader in mind and accomodates their needs.
High Fees and Commissions
The spreads are relatively high and fixed at AroTrade. Traders also incur numerous other trading and account fees.
Offshore Trading Broker
Offshore trading brokers don’t have the best reputation and AroTrade is a relatively new offshore based trading broker.
Our vision is to make secure low cost investing a reality for millions of people around the world. AroTrade is founded on the simple defining principles of technical innovation, financial education and sustainable investing.
Commissions & Fees
One of the more unfortunate aspects of the AroTrade brokerage is their relatively high trading fees. For instance, the brokerage implements trading fees through fixed spreads that are fixed at 3 pips for the EUR/USD forex currency pair. This spread is significantly higher than the majority of forex brokers available today. Also, traders must pay a profit clearance fee on all of their profitable trades. See the profit clearance fees for the various levels of profit below.
- 250 or less = 1.50
- 251 – 500 = 2.00
- 501 – 1,000 = 3.00
- 1,001 – 2,500 = 4.00
- 2,501 or more = 5.00
In addition to the high spreads and the profit clearance fee, traders must also pay an account maintenance fee of $20 per month. Other fees traders could incur include an account inactivity fee of $50.00 if the clients trading account remains inactive for 60 days or more. All in all, the fees imposed on AroTrade traders are quite high compared with much of the competition.
Platform & Tools
AroTrade features their very own proprietary desktop trading platform called the AroTrade Trading Platform. This platform was designed and built from the ground up to provide the average trader or investor a simple and intuitive trading experience. The platform comes complete with an array of sophisticated trading tools including an advanced charting package, one-click order execution, real-time data feeds, numerous trading signals, and the latest market news and analysis. Traders also have access to an economic calendar and can create price alerts and watch lists for their favorite tradeable assets. All in all, traders will not be disappointed with the AroTrade platform as it is simple and easy enough to use yet manages to provide an advanced trading experience.
The same AroTrade trading platform that’s available for desktop computers is also available for both iOS and Android mobile devices. The mobile trading app can be downloaded for free from the Apple App Store and the Google Play Store. The AroTrade mobile trading platform has been fully optimized to competently allow trading on a mobile device. Traders can manage their portfolio, analyze price charts, execute orders, set alerts, view market news, and more all from their mobile device.
No matter what your trading needs are, AroTrade has an account to perfectly meet your needs. AroTrade offers their clients 6 different account types to choose from, see them overviewed below.
- Minimum deposit of $250
- Welcome bonus of 20%
- 24/6 support
- Education center
- Daily Market Review
- Pro Webinars
- Price alerts
- Daily Analysis Video
- Minimum deposit of $1000
- Welcome bonus of 40%
- Everything from the basic account +
- Junior account manager
- Minimum deposit of $2500
- Welcome bonus of 60%
- Everything from the bronze account +
- Senior account manager
- Minimum deposit of $10,000
- Welcome bonus of 80%
- Everything from the silver account +
- VIP account manager
- Gold signals
- Personalized trading strategy
- Minimum deposit of $25,000
- Welcome bonus of 100%
- Everything from the gold account +
- 1-on-1 Trading Trainer
- Exclusive Position Access
- For exclusive clients only
Deposits & Withdrawals
AroTrade offers their clients a wide range of secure and convenient deposit and withdrawal methods. The methods available include Debit and Credit Cards, Bank Wire Transfer, Skrill, and Neteller. Deposits via debit/credit and the e-wallets are processed nearly instantly and Bank Wire Transfers are completed within 3 business days. All deposits are free of charge and are secured and protected via advanced SSL (Secured Socket Layer) encryption technology.
As for withdrawals, all withdrawals must be made via the same method used to deposit the funds, but only for the amount you deposited. For example, if you deposited $3000 using your credit card and made $1500 profit, you then have to withdraw $3000 to your credit card and the $1500 can be withdrawn via any of the available withdrawal methods. The minimum withdrawal amount for bank wire transfer is $100 and all other methods it’s $50. All withdrawals will be completed within 3 – 4 business days and incur a service fee of 3.5% with a maximum withdrawal fee capped at $3,500.
The customer support provided by AroTrade is of premium quality as the customer support representatives are very friendly and prompt with their responses. Support reps can be contacted via email, live chat, telephone, and via the brokerage’s various social media channels. Also, AroTrade features an extensive FAQ page and comprehensive education centre.
Security & Fairness
Though AroTrade is an offshore based online trading brokerage, they implement the same security measures and standards as the most reputable brokers. AroTrade is licensed and regulated by the International Financial Services Commission (IFSC) which imposes strict regulatory guidelines to ensure broker transparency and fairness of their trading services.
Also, client funds are held in secure and segregated bank accounts to protect their funds in the event of broker insolvency. As well, user account details at AroTrade are fully encrypted and protected with state of the art security measures and all transmitted data is protected via advanced SSL encryption technology. All in all, traders need not to worry about the AroTrade brokerage as they are very safe and secure with all of the security measures and regulation set in place.