AAA TRADE Cyprus

Overview of AAA TRADE

AAA TRADE is a virtual currency exchange company based in Cyprus. It was founded in 2013 and is regulated by Cyprus Securities and Exchange Commission (CYSEC). The company offers a wide range of cryptocurrencies, with over 50 options available for trading. Fees for transactions vary depending on the type of transaction. AAA TRADE supports multiple payment methods, including bank wire transfer, credit/debit card, and e-wallets. Customer support is available 24/5 through live chat, email, and phone.

Pros and Cons

Pros Revealed:

• Regulated by CYSEC

AAA TRADE is regulated by Cyprus Securities and Exchange Commission (CYSEC), ensuring that it operates within the legal framework and adheres to regulatory standards.

• Wide range of cryptocurrencies available & Multiple payment methods supported

AAA TRADE offers a diverse selection of cryptocurrencies and payment methods, including bank wire transfer, credit/debit card, and e-wallets, providing flexibility for users to deposit and withdraw funds.

• Multiple customer support options

AAA TRADE offers round-the-clock customer support through live chat, email, and phone, ensuring that users can receive assistance at any time.

Cons Revealed:

• Fees vary depending on transaction type

The fees for transactions on AAA TRADE vary based on the type of transaction, which means users may need to carefully consider the costs associated with their trades.

• Region restrict

AAA TRADE does not allow residents or passport holders of the USA, Iran, Algeria, American Samoa, Bosnia and Herzegovina, Sri Lanka, Trinidad and Tobago, North Korea, and numerous other countries to avail its services.

Regulatory Authority

WikiBit obtains regulatory information through various channels, including official regulatory websites, public records, and direct communication. The platform's team verifies the authenticity of regulatory licenses and certifications by cross-referencing the information from multiple reputable sources.

WikiBit aims to offer reliable and accurate regulatory information to help traders make informed decisions when choosing exchange/token/project.

As of August 2023, AAA TRADE reportedly holds a Regulated Investment Advisory License from Cyprus Securities and Exchange Commission (CYSEC, No.244/14).

Security

AAATrade takes security and the protection of clients funds very seriously. AAATrade is also a vast institutional liquidity provider, enabling brokers and investment firms to diversify their services by offering a wide range of products.

All AAATrade FIAT (USD/EURO) currencies are held in segregated bank accounts across the EU and Switzerland.

As far as Cryptocurrency exchanging is concerned, AAATrade only works with the most reputable exchanges and are secured by Qualys, a leading Cyber security solutions provider.

Cryptocurrencies Available

AAA TRADE offers a wide range of cryptocurrencies, with over 50 options available for trading. These cryptocurrencies include popular options such as Bitcoin, Ethereum, Litecoin, and Ripple, along with many others. In addition to cryptocurrency trading.

How to Open an Account？

To open an account, you can visit the AAA TRADE website or install the app.

Fees

The exchange rate for exchanging Cryptocurrency is determined by the spread for each Cryptocurrency as it appears on the AAA Trade platform and is influenced by the size of your transaction, market volatility and other market conditions.

5% exchange fees are charged in the event of an exchange of fiat currency to Cryptocurrency or vice-versa.

1% exchange fees are charged in the event of exchange from Cryptocurrency to other Cryptocurrency

Funding Methods

AAATrade broker being a premier online investment firm provides numerous features to its customers, which includes a variety of deposit methods that can be easily selected in the preferred trading platform. Some of the methods are as follows:

• Bank Transfer

• Credit or Debit Cards

• QIWI

• Crypto Wallets

• Skrill

• Neteller

• FasaPay

• UnionPay

The min deposit required to start trading in the AAATrade platform is 500$, which also depends on the service level a trader chooses, but as AAATrade targets, only serious high-volume traders and leading institutes the initial 500$ is valid to all basic facilities, however, premium services will involve higher capitals. This broker applies a nominal transaction fee to the net amount received by them, but withdrawing money via credit/debit card and e-payment is free of cost and offers several currency pairs. Yet there are still some fees that may be incurred as some payment providers charge some transaction fees. This broker aims to process all the withdrawal requests in 24 hours.

AAA TRADE User Review

User 1:

AAATrade taking care of their clients, couldnt make a deposit, showed me error. Find out that my bank declined a procedure for the safety. After calling the support, they were very friendly and helpful. I successfully opened an account and after 12 hours I already opened first positions.

User 2:

Always use AAATrade for trips away, no longer need to worry about bank fees, transfer rates and international rates. Overall a great product.

Conclusion

AAATrade is a fast-growing online financial brokerage company that grants online trading opportunities to traders across the globe. The company provides more than 1,000 forex, CFDs, and cryptocurrencies for dealing, with its MT5 Software application that is made available on different trading platforms like web, desktop, and mobile. AAATrade is a well-regulated corporation with strong positions in trading markets and financing opportunities. The user of AAATrade can directly trade from the market popularly known as the Systematic Transfer Plan (STP) operated model, which includes no interference of the so-called dealing room and includes no hidden cost. The AAATrade platform is handy, advanced, and suitable for all traders with varying trading styles and skill levels.

FAQs

Q1: What trading platforms does AAA Trade offer？

A1: AAA Trade offers AAATraderTM, a proprietary trading platform available on web, desktop, and mobile devices.

Q2: What are the minimum deposit requirements for AAA Trade accounts？

A2: There is no minimum deposit requirement for basic services in both novice and expert accounts.

Q3: Does AAA Trade charge overnight fees？

A3: Yes, AAA Trade may charge financing costs known as overnight fees for holding positions overnight. These fees are debited daily at 24:00 GMT+2.

Q4: What financial instruments can I trade with AAA Trade？

A4: AAA Trade provides access to a wide range of financial instruments, including CFD products, forex pairs, stocks, bonds, and equities.

Q5: Can I open a demo account with AAATrade？

A5: Yes, you can try out a demo account. It is free and allows you to test out the platform and see how everything works before opening a real account and trading for real money.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.