AAAECN is a forex broker that offers three types of trading accounts: Silver, Gold and Platinum. There is also a free demo account with a leverage of up to 1:200 and $100 000 virtual money. There also appears to be some kind of managed accounts.
The broker offers trading in forex and CFDs on commodities and indices.
The Company. Security of Funds
Company Country Regulation
AAAECN Ltd. SVG No
AAAECN is a forex broker based in the offshore zone St. Vincent and the Grenadines, which is very attractive for such companies. The broker says it is registered by the I.F.S.A – International Financial Services Authority, but in essence this does not mean much and definitely does not means it is regulated. On the contrary, SVG is known for its lax approach and almost non-existent requirements for the business.
In general doing business with an unregulated forex broker is risky and we strongly advise that investors seek well-regulated brokers like the ones supervised by UK’s FCA or the ASIC.
AAAECN offers the standard fare of MetaTrader 4 (MT4) and all its versions. This is not much of a surprise, considering the popularity of the platform both among brokers and traders alike. It is familiar, stable and has many options and functionalities, including hedging, Expert Advisors, charting and technical analysis tools. The platform also supports algorithmic trading and a large number of third party software bridges, further expanding its functionality.
AAAECN gives a small bonus upon account opening. As with most other brokers, it is a subject of a number of conditions.
Methods of Payment
AAAECN accepts client deposits through debit and credit cards Maestro, Visa, Mastercard, Amex or Diners Club, as well as through bank transfers. This is a somewhat limited selection, as most brokers usually offer at least one electronic payment system like Skrill or PayPal, in addition to those two standard options.
AAAECN is the average offshore unregulated forex broker that does not stand out with anything. There are hundreds like it, some of them with better trading conditions.
Either way, it is advisable that the offshore unregulated brokers be avoided, as the risk of losing one’s deposit is much higher than with regulated brokers who are required to stick by some rules like keeping client funds in segregated accounts and being a member of a compensation scheme.
Besides, while writing this review, we got increasingly convinced that this broker might be inactive.
AAAECN Review Conclusion
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