Abstract：AIMS is an experienced Forex and CFDs trading broker with many years of experience offering a wide range of trading instruments, competitive pricing and access to the popular MT4 and MT5 platforms.AIMS is licensed by the Advanced ASIC and offers a wide range of financing options to provide clients with a safe and secure trading environment.
AIMS is an experienced Forex and CFDs trading broker with many years of experience offering a wide range of trading instruments, competitive pricing and access to the popular MT4 and MT5 platforms.AIMS is licensed by the Advanced ASIC and offers a wide range of financing options to provide clients with a safe and secure trading environment.
Company Summary
General Information
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.
Pros and Cons
AIMS offers an investment platform with both benefits and drawbacks. Key advantages include access to diverse markets for global exposure, a variety of investment options, user-friendly interface, and instant deposit processing. However, potential downsides include inherent market volatility, regulatory uncertainties, and possible lack of transparency. Additionally, the MAM account requires a higher minimum deposit, which might not suit all investors.
While AIMS does not charge direct fees, external fees from banks or payment issuers may apply. Mobile trading depends on a stable internet connection, which could be restrictive for some users. Investors should carefully assess these aspects in light of their investment objectives and risk tolerance before using AIMS.
Is AIMS Legit?
AIMS is regulated by multiple financial authorities, ensuring compliance with international standards and providing a secure environment for investors:
Labuan Financial Services Authority (LFSA):
Regulation Status: Regulated
Jurisdiction: Malaysia
Type: Straight Through Processing (STP)
License Number: MB/17/0017
- Australian Securities and Investments Commission (ASIC):
- Regulation Status: General Registration
- Jurisdiction: Australia
- Type: Investment Advisory License
- License Number: 430091
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. Fractional Shares: Trade the most popular stocks from the US, UK, and Europe
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.
5. Metal & Commodities: AIMS facilitates trading in precious metals like gold and silver, as well as commodities like oil. Metal and commodity trading provides opportunities for investors to diversify their portfolios and potentially benefit from price movements in these markets.
Account Types
Obviously, AIMS offers a total of two account options: the standard account and the MAM account. The first account has a minimum deposit of $50 and the second has a minimum deposit of up to $5,000.
MAM Account:
AIMS offers MAM (Multi Account Management) accounts that require a minimum deposit of $10,000. This account type allows traders to manage multiple sub-accounts under a single master account. Spreads are between 1.5-1.6 for the currency pair EURUSD and between 1.8-2.8 for gold. No commissions are charged for trading and the available leverage is 1:400. The minimum lot size for trading is 0.01. 2.
Standard Accounts:
AIMS offers standard accounts for traders who prefer a lower minimum deposit requirement. To open a standard account, the minimum deposit is US$50. The spreads for EUR/USD and Gold are the same as for MAM accounts. No commissions are charged and the leverage offered is 1:400. the minimum lot size for trading is 0.01.
There are no swap accounts:
AIMS understands the needs of traders who do not wish to pay daily swap fees for religious reasons. Therefore, they offer a 10-day swap-free account, which means no swap or rollover fees for overnight positions.
Demo Accounts:
In addition, AIMS offers demo accounts for those who wish to practice trading or test their strategies without risking real money. Demo accounts allow traders to gain experience and familiarise themselves with the trading platform before engaging in live trading.
How to Open an AIMS Demo Account?
Demo accounts are a great option for new traders to familiarize themselves with the AIMS trading platform and trade without real consequences. For beginner traders, this is a recommended way to begin a trading journey, yet professionals can also benefit by practicing new techniques and strategies.
Here are the steps to open an MT4 Demo account with AIMS:
- Open AIMS Metatrader 4 software
- Click on “Open an Account”
- Select “New Demo Account”
- Fill out the form with the information required
- You will be provided with a Login and Password
- Find your Demo Account Number on the top left corner of the AIMS Metatrader 4 platform
How to Open an AIMS Live Account?
Aims registration or opening an account is considered quite an easy process, as you can log in to the AIMS Portal and register an account within minutes. Just follow the opening account or sign-in page and proceed with the guided steps:
- Select and Click on the “Open an Account” page
- Enter the required personal data (Name, email, phone number, etc.)
- Verify your personal data by uploading documentation (residential proof, ID, etc.)
- Complete the electronic quiz confirming your trading experience
- Once your account is activated and proven, follow with the money deposit.
Deposits & Withdrawals
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.
The minimum deposit amount is $20 for most currency options, except for Bitcoin and some others which have a minimum deposit of $11. When depositing funds, the amount will be converted to US dollars using the real-time exchange rate.
Withdrawal requests are processed in the base currency of the trading account. For example, if the trading account is in USD, the withdrawal will be processed in USD as well. The processing time for deposits is instant, while withdrawals typically take between 1 to 3 working days, except for certain currencies that have a 1-hour deposit processing time and 1 working day withdrawal processing time.
AIMS Compared to Other Brokers
It is helpful to compare brokers with one another, to see how competitive are the offerings, and what are the strong points for each broker. Thus, we have compared AIMS to other reputable brokers in the market to see where it stands.
In terms of regulations, AIMS is tightly regulated by ASIC and also holds an offshore license. FP Markets, IC Markets, and Pepperstone similarly are licensed by ASIC and have the same level of reliability. However, the mentioned brokers hold licenses from top-tier authorities, such as FCA and CySEC, which further enhances their security.
As to the brokers fee structure, AIMS offers only spread-based accounts with no commissions and average spreads of 1.5 pips. This offering is in line with the market. As we have found, FXTM and HFM offer similar spreads from 1 to 1.5 pips and a $3-3.5 commission fee. This makes AIMS offering more cost-effective.
AIMS also provides the industry-popular MT4 and MT5 platforms for trading. We found that FXTM has a similar offering, while brokers like Deriv, and FP Markets enable a better variety of platforms.
At last, the weakest point of AIMS is its lack of comprehensive educational and research materials. FP Markets excel in this respect, offering their clients extensive educational materials and research tools.
