General Information & Regulation
AIMS (or Auric International Markets Ltd) is an online broker which provides trading solutions for scalpers, day traders and novices, established in 2015, located in Labuan, Malaysia. Till date, AIMS is present in Australia, Dubai, Malaysia, Vietnam, Cambodia, Japan, Korea, Indonesia, Hongkong and China. AIMS website only announced that this broker is regulated by top regional regulatory boards, but it doesnt display any related details, so its reality is suspicious.
Market Instruments
Tradable financial assets on AIMS trading platform are currencies, cryptocurrency, Global shares, Global indices, metals & commodities.
Account Types
Apparently, there are two account options offered by AIMS in total: the Standard account and the MAM account. The first account come with a minimum deposit of $50, and the second account with a minimum deposit up to $5,000.
Leverage
The maximum leverage offered by this broker is 1:400, which is quite high. Investors are advised to use leverage with caution since trading leverage can increase profits but also bring many risks at the same time.
Spreads & Commission
As regards the spreads, they usually fall within the range 1.0 – 1.5 pips per standard lot for the EUR/USD pair, while AIMS offers spreads above 1.5-1.6 pips for this pair, a little higher. The broker requires no trading commissions.
Trading Platforms
AIMS supports the widely used MetaTrader 4 (MT4), available as a desktop download and mobile apps. MT 4 is the preferred trading platform by most traders and that is why it is offered by the majority of brokerages. The MT4 provides all the necessary tools and features for traders to analyze price dynamics of financial instruments (advance charting tools, built-in indicators, back-testing options), execute trade transactions and create & use automated strategies (Expert Advisors).
Deposits & Withdrawals
Traders are allowed to fund their AIMS accounts via payment options including credit/debit card, wire transfer, and third party payment providers such as China Unionpay, FasaPay, Alipay and Wechat Pay. The minimum deposit is USD 100. The deposited amount will be converted to US dollars using the real-time exchange rate.
Customer Support
AIMS support team can be accessed 24 hours a day, 5 days per week. It is possible to leave a message for the team and receive a call back within 24 hours, or alternatively, it is possible to send the team an email to the address provided on the website. There is also a Live Chat facility available through the website for a rapid response to issues and questions.
