Binary options are prohibited in the European Economic Area. Between 74-89 % of retail investor accounts lose money when trading CFDs.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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AroTrade Broker Review 2020

FairBinaryOptions Broker Certificate
  • Min. Deposit $250
  • Max. Leverage 1:200
  • Spread EUR/USD 0.0003 pips
  • Mobile Yes
  • Platform Proprietary
  • LiveChat Yes

If you are interested in trading with AroTrade, make sure to do so through FXMasterBot – a reliable and free online trading software that connects you directly to AroTrade and all other brokers available for your country to choose from.

AroTrade is a regulated broker that offers forex, CFDs, and crypto which makes it one of the most popular brokers around. They provide a complete trading experience with a great selection of underlying assets. This was a good reason for us to do an AroTrade review, as we always long to provide more details about new brokers on the market. Traders who want to trade with this broker should definitely read the AroTrade review as it covers all interesting topics, including account types, trading software, customer support and depositing method. With all the information in one place, they will find it much easier to make their final call whether or not to trade with this broker.

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  1. Website Preview

  1. Account Features

    AroTrade managed to create six different trading accounts traders can choose from. This is a really impressive number of accounts. Every account type offers a different set of benefits and serves as an upgrade, depending on how much you deposit.

    Basic Account

    • 20% welcome bonus
    • Minimum deposit $250
    • 24/6 support
    • Education center
    • Daily market review
    • Pro webinar
    • Price analysis
    • Daily analysis video

    Bronze Account

    • 40% welcome bonus
    • Minimum deposit $1000
    • Benefits of basic account
    • Junior account manager

    Silver Account

    • 60% welcome bonus
    • Minimum deposit $2500
    • Silver spreads
    • Senior account manager
    • Benefits of basic account

    Gold Account

    • 80% welcome bonus
    • Minimum deposit $10,000
    • Gold spreads
    • Gold signals
    • VIP account manager
    • Personalized trading strategy
    • Benefits of basic account

    Platinum Account

    • 100% welcome bonus
    • Minimum deposit $25,000
    • Platinum spreads
    • Platinum signals
    • Benefits of basic account
    • One-on-one trading trainer
    • Exclusive position access

    Black Account

    • More info available only upon request

    The trading signals are provided by Pia first, but AroTrade didn’t manage do describe the exact meaning of silver and gold spreads. We believe that traders who deposit this high amounts have every right to know all about spreads they will be offered even before they make the deposit.

    AroTrade Bonus

    AroTrade Review showed how this broker offers a bonus that rangers from 20% to 100%. However, we found their bonus terms to be quite vague. The bonus requirements are not explicitly described, so basically traders don’t know what to expect. With that in mind, plus the fact that every bonus is final once it is added to the account, we recommend not accepting an AroTrade bonus.

    AroTrade Demo Account

    aroTrade claims that traders can get a demo account. We tried to register for a demo, but it turned out to be only a regular registration form. The broker asked us for a deposit. We didn’t receive any fake money for virtual trading on AroTrade demo account which is pity. This is a missed opportunity for AroTrade to prove themselves as superior forex broker.

    Islamic Accounts

    Traders of Muslim faith can also trade on AroTrade platform, but with conditions that are in compliance with their faith.

    • Interest-free swap-free
    • No commissions
    • Fixed spread
    • No position rollover

  2. Trading Software & Assets

    AroTrade offers the only proprietary trading platform which is somewhat unusual, as most broekrs nowadays are offering multiple trading solutions. AroTrade platforms are designed for web and mobile use. They are both web-based, which means traders don’t need any special programs or apps. Also, AroTrade promises several useful tools like economic calendar, risk management tools, trading signals, and price alerts.

    When it comes to underlying assets offered, traders can choose among:

    • Forex
    • Stocks
    • Commodities
    • Cryptos
    • Indices

    All underlying assets are listed in the asset index, along with spreads, margin levels, and other useful information. They also offer plenty of financial news that are regularly updated.

    The AroTrade trading platform provides a great overview of the trading process, but we would prefer if it was more interactive, especially when it comes to tools offered. It would be amazing to see how the platform interacts with live market data and latest trading news. On the left side of the trading platform, users will find an asset list. The big chart is positioned in the center, while the trading space is on the right. There is also a special tab for trading signals, and for cryptocurrencies. Before using the signals, traders must accept additional terms and conditions. Every signal is equipped with the confidence level that shows the probability of it being correct. The lowest confidence level we encountered was 60%. Cryptocurrency trading is based mostly on pairs consisting of a cryptocurrency (bitcoin, litecoin, ethereum, ripple and dash) and hard currencies (EUR and USD). There is also FXsimplified trading which is very similar to binary options trading.

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  3. Support Information

    When it comes to customer support, it is important to state how we noticed in AroTrade review that they have live chat support. Live chat will pop up every know and then, reminding the visitor of the website they are free to ask any questions. Besides aroTrade live chat, there are also a support form and several different emails traders can use, depending on the issue they are having. There are also phone numbers for international customers, South Africa, Malaysia, Kazakhstan, Russian Federation, Singapore, Switzerland and New Zealand.

    AroTrade provides interesting educational materials that are free for use. You can use video courses, webinars, explore the glossary or the FAQ. Traders also get access to ebooks.

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  4. Banking & Company Information

    AroTrade offers a variety of deposit methods, some of which are exclusive to certain geolocations. Still, the credit cards and bank wire are accepted on a worldwide level. Besides credit card and bank wire, there are also free e-wallet providers: Skrill and Neteller available. Minimum deposit amount is $250.

    The minimum withdrawal amount for bank wire is $100, while all other methods have a $50 limit. The withdrawals are usually processed within 3-4 working days, which is reasonable. Also, traders must use the same method for withdrawing, as they did for depositing. In case the withdrawing amount exceeds the deposited amount via credit, all profit that exceeds the deposit will be transferred via 3rd payment method.

    Gold and Black account holders have the right to one fee-free withdrawal per month. All other withdrawals are charged with a 3.5% fee or $30 whichever is higher. Also, all traders must verify their trading account with documents prior to having a withdrawal approved.

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SPEED PA LTD
AroTrade is regulated by IFSCAroTrade
is regulated by
IFSC
Reg no.: IFSC/60/391/TS/17

AroTrade articles

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