Clients setting up a trading account with AionNext are granted a ‘test period’ up to one week according to the broker’s terms and conditions. This is dependent on a minimum initial deposit of $500 being made. Importantly, clients who cancel the account before the trial period expires, can withdraw the initial deposit. However, any profits made from trading with the initial deposit cannot be withdrawn. Similarly, if AionNext cancels the client’s account during the trial period, the client will be entitled to withdraw the initial deposit.
AionNext Cryptocurrency Trading Account Types
AionNext offers four types of cryptocurrency trading account all giving access to the proprietary multi-asset trading platform specialised in cryptocurrency trading and 24/5 support. Depending on the type of trading account, traders can have full access to a learning centre focused on Bitcoin trading, as well as training and support from experts at AionNext.
Traders can open a Standard account with a minimum initial deposit of $5,000. Clients get up to X1 leverage, a training session and full access to the trading platform with a platform training session. We saw that traders get market news and analysis as well as 24/5 support. Importantly, traders get a two-week trial with the High Frequency Trading (HFT) automated trading system.
AionNext Silver Account
A minimum initial deposit of $15,000 is required to open a Silver account at AionNext with X2 leverage. Traders not only get a training session and a platform training session, but a general account manager, trade ideas and market news. Traders also receive a cryptocurrency E-Book and 24/5 support. Notably, Silver account clients get a two-week trial with the HFT automated trading system and an HFT training session.
AionNext Gold Account
With a minimum opening balance of $25,000, traders get X2 leverage, a weekly training session and 1 platform training session at AionNext. We saw that Gold account clients are allocated a dedicated account manager and receive market news, analysis and trade ideas as well as a cryptocurrency E-Book. Additionally, traders get a 2-week HFT trial and an HFT training session to learn about the automated trading system at AionNext.
AionNext VIP Account
To set up a VIP account at AionNext requires a minimum initial deposit of $50,000. The account provides up to X3 leverage and two weekly training sessions. A dedicated account manager is available along with 24/5 support. Clients get market news and analysis, access to the education centre and a video library along with trade ideas and a cryptocurrency E-Book. Moreover, VIP accounts get free withdrawals from AionNext. Importantly, the VIP account provides traders with the HFT automated trading system as part of the package. We saw that clients receive full HFT training and a weekly HFT session.
AionNext PAMM Investment Accounts
AionNext offers 4 types of PAMM accounts fully managed by money managers selected by clients from a list at AionNext. The accounts require minimum investments of between $100,000 and $1 million. We saw that the PAMM investments are designed to give inexperienced investors automatic passive revenue streams without having to do anything themselves. Notably, the revenue to PAMM investors is generated by high risk or low risk strategies. We saw that the choice of strategies depends on the risk appetites of the individual investors and can lead to loss of capital if the money managers do not perform well when executing trades.