AIMS Review 2024
Website: www.aimsfx.com
Min. Deposit: US$ 50
Leverage: 1:30 | 1:400
Trading Platforms: MT4
Regulation: ASIC, LFSA, SERC
Headquarters: Sydney, Australia
Founded: 2015
Regulatory Licenses:
- AURIC INTERNATIONAL MARKETS PTY LTD - authorized by ASIC (Australia) AFS license no 430091
- Auric International Markets Limited - authorized by LFSA (Labuan) license no MB/17/0017
- Auric International Markets (Cambodia) Co. Ltd - regulated by SERC (Cambodia) registration no SHR1#29, No.SHR1#31
Updated on April 15, 2024
Quick Links
To ensure the accuracy and reliability of our review, we have conducted a thorough examination of AIMS by analyzing its trading conditions, regulatory status, platform features, and overall service offerings. Our evaluation is based on a comprehensive comparison with over 1000 brokers, involving an extensive review of verified customer feedback, direct testing of the broker's services, and an analysis of its market standing and regulatory compliance.
AIMS is a globally recognized Forex trading brokerage, offering an extensive array of financial instruments including Forex, CFDs, Cryptocurrencies, Shares, Stocks, Indices, Commodities, Metals, and Future CFDs. Headquartered in Sydney, Australia, AIMS operates under strict regulation by the Australian Securities and Investments Commission (ASIC), along with licensing from LFSA in Labuan and SERC in Cambodia. Catering to both retail and institutional clients across 14 countries, AIMS maintains representative offices in key locations worldwide, including Australia, Dubai, Malaysia, Vietnam, Cambodia, Japan, Korea, Indonesia, Hong Kong, China, India, Thailand, Africa, and several European nations. Renowned for its reliability in Forex and CFD trading, AIMS offers competitive trading conditions on the widely-used MetaTrader platform.
Pros
AIMS offers a broad range of popular trading instruments and competitive fees.
Traders benefit from the advanced features and functionality of the MetaTrader 4 platform.
Regulation by multiple authoritative bodies, including the toptier ASIC, enhances trust and security.
A variety of funding methods are available for convenient account transactions.
Cons
The broker's provision of research and educational resources is somewhat limited.
Customer support is not available 24/7, potentially hindering timely assistance.
Based on its regulatory compliance and operational transparency, AIMS is deemed a safe and reliable broker for Forex and CFD trading. Holding licenses from high-regard regulatory authorities like ASIC, LFSA, and SERC, AIMS commits to upholding strict operational standards and providing a secure trading environment for its clients. Such regulatory oversight ensures that AIMS engages in fair trading practices, maintains client fund segregation, and offers adequate protection measures against financial fraud.
Leverage in Forex trading can amplify both profits and losses, making it crucial for traders to understand its implications fully. AIMS offers leverage in accordance with regulations from ASIC, LFSA, and SERC. Australian clients trading under ASIC-regulated AIMS accounts are allowed leverage up to 1:30, while international clients may access higher leverage ratios up to 1:400. Traders are advised to approach leveraged trading with caution and to make informed decisions that align with their risk tolerance and trading strategy.
Account Types
Our examination of the broker's offerings revealed the availability of two primary account types for traders: the Standard and MAM accounts. In addition, AIMS extends the provision for 10-day swap-free accounts, which exempt traders from incurring swap or rollover fees on overnight positions.
Opening AIMS Trading Account
Initiating an account with the broker is streamlined and user-friendly. To register with AIMS, simply follow these steps:
Navigate to and select the “Open an Account” option
Fill in the requisite personal information (such as name, email, contact number, etc.)
Submit documentation for verification (proof of residence, identification, etc.)
Complete an electronic assessment to verify your trading knowledge
Once your account is verified and activated, you are set to deposit funds and begin trading.
Trading Instruments
AIMS boasts a diverse range of trading opportunities, offering access to over 70 Forex currency pairs, CFDs, Cryptocurrencies, Shares, Stocks, Indices, Commodities, Metals, Future CFDs, and more. This wide selection empowers traders to diversify their investment portfolios and engage in various market segments tailored to their unique trading styles and strategies. However, it's noteworthy that AIMS does not support trading in popular asset categories like ETFs and Bonds, which could be seen as a limitation for some investors. The broker's Markets Range Score stands impressively at 4.0 out of 5, reflecting its comprehensive trading product selection.
AIMS Fees
Our analysis indicates that the broker offers competitive pricing across most of its trading services, notably without imposing commission fees. Furthermore, AIMS facilitates fee-free deposits and withdrawals. Nonetheless, traders should be mindful of potential fees linked to the transfer of funds to and from their trading accounts. For a detailed understanding of the broker's fee structure and its implications on trading activities, it is advisable to consult the broker’s fee outline. In comparison with over 1000 brokers, AIMS's Fees are considered average, scoring a 3.95 out of 5.
Our evaluation of trade spreads revealed that AIMS offers competitive and narrow spreads, exemplified by an average spread of 1.5 pips for the EUR/USD currency pair in the Forex market. However, it's important to note that spreads may fluctuate based on a variety of factors, including market conditions, volatility, and liquidity levels. For precise and comprehensive information on spreads, contacting the broker’s customer support or visiting its website is recommended. When compared with other brokers, AIMS's Spreads are deemed average, attaining a score of 3.75 out of 5. While the spreads for Forex are slightly above the industry norm of 1.2 pips, the spreads for other instruments are found to be competitive.
The broker provides various options for clients to fund their trading accounts, including Bank Wire, Credit/Debit cards, Bitcoin payments, Skrill, and others. While certain payment methods may come with specific stipulations based on the client's banking institution, the overall process is streamlined and user-friendly.
Rated highly with a score of 4.0 out of 5, the broker's funding methods are deemed efficient due to low fees and the acceptance of multiple account-based currencies.
Pros
Wide range of funding methods
Low fees for transactions
Supports multiple currencies
Cons
Some payment methods may have specific requirements
Deposits and Withdrawals Details
To start trading, a standard account can be opened with an initial deposit of $50, which is competitively low. For those interested in MAM Accounts, the minimum deposit begins at $10,000, contrasting with the industry norm of a $500 minimum.
Interestingly, the broker does not charge fees for deposits or withdrawals. However, clients should be aware of potential fees linked to transferring funds in and out of their trading accounts.
Withdrawals Procedure
Withdrawals are processed through a standardized set of steps:
1. Log in to your account
2. Navigate to 'Withdraw Funds'
3. Specify the withdrawal amount
4. Select your preferred withdrawal method
5. Fill out the electronic request
6. Verify the withdrawal details and submit
7. Monitor the withdrawal status via the Dashboard
Clients of AIMS have access to the MetaTrader 4 platform, available for both desktop and mobile use. Known for its comprehensive trading tools, intuitive design, and advanced charting capabilities, it is a favored choice among traders.
The AIMS platform receives a rating of 4.1 out of 5, standing out for its inclusion of the popular MT4 platform, suitable for various trading strategies. However, the lack of alternative platforms is noted as a limitation.
Pros
Access to the MetaTrader 4 platform
Advanced charting and trading signals
Automated trading capabilities
Cons
No alternative trading platforms offered
Trading Tools
MT4 is equipped with advanced charting tools, multiple timeframes, trading signals, over 30 built-in indicators, and more. These features not only facilitate thorough market analysis but also support automated trading strategies, significantly enhancing traders' ability to make informed decisions.
The broker's customer support team is accessible 24/5 via Email, Live chat, and Social Media. Specialists are available to assist with technical issues, provide analysis recommendations, and address operational inquiries.
After thorough testing, AIMS's customer support is rated at 3.8 out of 5. Responses were prompt and informative, and support is readily available during the business week.
Pros
Available 24/5
Multiple channels for support
Inclusive of trading specialists
Cons
Not available 24/7
AIMS offers limited educational resources, including Market Insights and an Economic Calendar. This could be a drawback for traders seeking to expand their knowledge and skills in the financial markets.
The broker's educational offerings are rated at 3.3 out of 5. Traders seeking comprehensive educational materials may need to look elsewhere, as the provided resources may not sufficiently cater to beginners or those looking to deepen their trading knowledge.
Pros
Some market insights provided
Economic calendar available
Cons
Limited range of educational resources
AIMS stands out as a reputable Forex and CFD trading broker, offering a wide selection of trading instruments and competitive pricing, alongside access to the MetaTrader 4 platform. However, the limited educational resources and lack of 24/7 customer support are notable drawbacks.
In summary, while AIMS offers a competitive trading environment, potential clients are advised to consider their specific needs and conduct further research. AIMS is recommended for:
Traders from Australia
International traders
Traders from Malaysia and the Asia Region
Users of the MT4 platform
Those engaged in CFD and currency trading
Advanced traders
Islamic traders
Beginners seeking STP/NDD execution
Those interested in swapfree trading
Traders looking for competitive pricing and quality trading tools
Users of EA/Auto trading systems
