Arotrade review 2018 honest advice

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Yes arotrade is a legitimate forex broker that was founded in October 4, 2017.

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. However,  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. However, 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. More-so, 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.

arotrade review on Trading platform

 

Arotrae review on Trading Accounts & Conditions

 

Account type	Minimum deposit	On-deposit bonus	Maximum leverage	Spread
Basic	$250	20%	1:200	3 pips, fixed
Bronze	$1000	40%	1:200	3 pips, fixed
Silver	$2500	60%	1:200	3 pips, fixed
Gold	$10000	80%	1:200	3 pips, fixed
Platinum	$25000	100%	1:200	3 pips, fixed

 

AroTrade Bonus

In the process of our AroTrade Review we noticed that 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

Above all aroTrade claims that traders can get a demo account. However 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. More-so 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.

Trading Cryptocurrency CFDs at AroTrade

Above all Traders can trade cryptocurrency CFDs without owning the cryptocurrency underlying assets. Importantly, clients only trade in the price movements in cryptocurrency markets so they can open and close positions without relying on market liquidity. AroTrade offers Bitcoin, Bitcoin cash, Ethereum, Dash, ZCash and Ripple digital currencies, paired with the USD and the EUR. Also, several cryptocurrency pairs for potentially profitable CFD trading.

AroTrade Customer Support

However, AroTrade is committed to the highest level of customer service and demonstrates its commitment through multiple contact methods and an extensive FAQs page. Therefore Traders can count on a live customer support 24/6 directly from the interface through live chat and a call back service. Alternatively, by submitting the support form, a member of the customer service team usually contacts the client within minutes.

Additionally, traders in South Africa, Malaysia, Singapore, New Zealand, Switzerland, Russian Federation and Kazakhstan can phone local numbers for customer support in their own languages. More-so, customers in other countries, are provided with international phone and FAX numbers on the contact page. Customers wishing to make email enquiries have 6 separate email addresses to choose from, dealing with a broad range of topics.

AroTrade Payment Methods

In the process of our arotrade review we noticed that Customers can choose to fund their AroTrade accounts using Visa or Mastercard credit/debit cards, Skrill, Neteller, or bank wire transfer. However, Accounts can be opened in EUR, GBP or USD, and once the base currency has been chosen, it can’t be changed. Impressively, AroTrade uses advanced encryption and protection protocols, to safeguard customer accounts and personal data. We were pleased to see that the deposit and withdrawal processes are straightforward and done directly from the customer’s personal AroTrade account.

Arotrade.com minimum withdrawals

 

Above all, The minimum withdrawal by credit/debit card and e-wallet from AroTrade is £€$50. However the minimum amount by bank wire transfer is £$€100. More-so Withdrawals are generally charged a 3.5% service fee, capped at £$€3,500. However, if the service fee is less than £$€30, a fixed service fee of £$€30 is charged on the withdrawal. Moreover, the bank handling fee incurred by executing a bank wire transfer to a client, is charged to the beneficiary.  However, VIP, Platinum and Black account holders are accorded the first withdrawal of the month, free of charge.

All registered customers at AroTrade must provide the necessary documents proving identity and address following account registration. Importantly, this is in compliance with strict ant-money laundering regulations and cannot be avoided. Moreover, traders who wish to fund their account with a credit card, must copy the card front and back, after blocking the CVV code, and all but the last four digits of the card number.

AroTrade Account Maintenance Fee

In the process of our arotrade review we notice that trading accounts at AroTrade are charged a monthly maintenance fee of 20 EURO, GBP or USD. More-so the charge ‘encompasses all services and features available for traders’.

AroTrade Profit Clearance Fee

All successful trades and trades sold for profit are charged a profit clearance fee by AroTrade. Howeve this is in addition to the spreads charged by the broker on tradable assets. More-so, he profit clearance fee varies between £$€1.5 and £$€5 per trade, depending on the volume of profit generated by each trade. We have included the schedule of profit clearance fees below.

• 5 on up to 250 of profit
• .0 on 251-500 of profit
• Also 0 on 501-1000 of profit
• 0 on 1001-2500 of profit
• And 0 on 2501 and more of profit

Above all AroTrade client transactions are processed by SPEED PA Ltd, 28 Jawaharlal Neru Blvd, Silver Business Center, Office 24, 132 Sofia, Bulgaria

conclusion

Finally the broker is new and there is every possibility of the company changing from legit to scam. So we advise traders to join but report every suspicious activity found in them to us for a proper handle or see our top recommended forex brokers