General Information
AIMS (Auric International Markets Ltd), established in 2015 in Labuan, Malaysia, serves a global clientele including regions like Australia, Dubai, and East Asia. The online broker offers a variety of trading instruments such as currencies, cryptocurrencies, global shares, indices, and commodities.
The company provides several account types to suit different trading preferences, including MAM accounts and Standard accounts, alongside a demo account for risk-free practice on the MetaTrader 4 platform. AIMS supports its traders with customer service options like email and live chat and maintains an active social media presence to engage with clients.
Pros and Cons
AIMS offers an investment platform with both benefits and drawbacks. Key advantages include access to diverse markets for global exposure, a variety of investment options, user-friendly interface, and instant deposit processing. However, potential downsides include inherent market volatility, regulatory uncertainties, and possible lack of transparency. Additionally, the MAM account requires a higher minimum deposit, which might not suit all investors.
While AIMS does not charge direct fees, external fees from banks or payment issuers may apply. Mobile trading depends on a stable internet connection, which could be restrictive for some users. Investors should carefully assess these aspects in light of their investment objectives and risk tolerance before using AIMS.
Is AIMS Legit？
AIMS is regulated by multiple financial authorities, ensuring compliance with international standards and providing a secure environment for investors:
Labuan Financial Services Authority (LFSA):
Regulation Status: Regulated
Jurisdiction: Malaysia
Type: Straight Through Processing (STP)
License Number: MB/17/0017
Australian Securities and Investments Commission (ASIC):
Regulation Status: General Registration
Jurisdiction: Australia
Type: Investment Advisory License
License Number: 430091
These regulatory frameworks underline AIMS' commitment to adhering to strict regulatory requirements, enhancing the trust and safety for its clients in Malaysia through LFSA and in Australia through ASIC. Investors can feel more secure knowing that AIMS operates under the oversight of recognized regulatory bodies.
Market Instruments
Tradable financial assets on AIMS trading platform are currencies, cryptocurrency, Global shares, Global indices, metals & commodities.
The market instruments offered by AIMS (Auric International Markets Limited) provide traders and investors with a diverse range of opportunities to participate in the global financial markets. AIMS offers a variety of products, including currencies, cryptocurrencies, global shares, global indices, and metals & commodities.
1. Currencies: AIMS offers trading in various currency pairs, including EURUSD and GBPJPY. Currency trading allows investors to speculate on the exchange rate movements between different currencies. Traders can take advantage of fluctuations in currency values to generate profits.
2. Crypto: AIMS provides access to popular cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH). Cryptocurrency trading allows users to participate in the digital asset market, taking advantage of price movements and volatility in cryptocurrencies.
3. Global Shares: AIMS offers trading in global shares, including companies like Pfizer, Facebook, and Apple. Trading global shares allows investors to participate in the equity markets of prominent companies worldwide, potentially benefiting from capital appreciation and dividends.
4. Global Indices: AIMS allows trading in global indices, such as the The S&P 500 (SPX), Dow Jones Industrial Average (DJI) and Nasdaq Composite (IXIC) . Global indices represent the performance of a group of stocks from specific markets, providing insights into overall market trends and volatility.
5. Metal & Commodities: AIMS facilitates trading in precious metals like gold and silver, as well as commodities like oil. Metal and commodity trading provides opportunities for investors to diversify their portfolios and potentially benefit from price movements in these markets.
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.
1. MAM Account:
The MAM (Multi-Account Manager) account offered by AIMS requires a minimum deposit of $10,000. This account type allows traders to manage multiple sub-accounts under a single master account. The spreads for currency pair EURUSD range between 1.5-1.6, and for Gold, they range between 1.8-2.8. There is no commission charged for trades, and the leverage available is 1:400. The minimum lot size for trading is 0.01.
2. Standard Account:
The Standard account provided by AIMS is suitable for traders who prefer a lower minimum deposit requirement. To open a Standard account, a minimum deposit of $50 is required. The spreads for EURUSD and Gold are the same as in the MAM account. There is no commission charged for trades, and the leverage offered is also 1:400. The minimum lot size for trading is 0.01.
Swap-Free Accounts:
AIMS recognizes the needs of traders who prefer not to pay daily swap fees due to religious reasons. As a result, they offer 10-day swap-free accounts, which means there are no swap or rollover charges on overnight positions.
Demo Account:
Additionally, AIMS provides a demo account for users who wish to practice trading or test their strategies without risking real money. The demo account allows traders to gain experience and familiarize themselves with the trading platform before engaging in live trading.
How to Open an Account？
To open an account with AIMS (Auric International Markets Limited), you can follow these steps:
1. Visit the AIMS website or platform and locate the “Register”button. Click on it to initiate the account opening process.
2. Fill in the required personal information in the provided fields. The information typically includes:
· Name: Enter your full name as per your identification documents.
· Gender: Select your gender from the options provided.
· Identity/Passport Number: Enter the number from your identification document (such as passport or national ID card).
· Identification Number: If applicable, enter any additional identification number required by AIMS.
· Date of Birth: Enter your date of birth in the format of year/month/day.
· Email: Provide a valid email address that you have access to.
· Mobile Phone: Enter your mobile phone number, including the country code.
3. Optionally, you may be asked to select the preferred language for communication or platform display. Choose the appropriate language from the options provided.
4. Double-check the information you have entered to ensure its accuracy and completeness.
5. Once you have filled in all the required details, click on the “Register Now” button to proceed with your account registration.
6. Depending on AIMS's account opening procedures, you may receive an email or SMS verification code to confirm your registration. Follow the instructions provided to verify your account.
7. After successfully completing the registration process and verifying your account, you will be notified about the status of your account and any additional steps you may need to take, such as submitting identification documents or fulfilling any specific requirements.
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 utilizes MetaTrader 4 (MT4), a leading trading platform known for its user-friendly interface and extensive features. MT4 supports efficient trading, market analysis, and risk management, and is equipped with capabilities for automated trading via Expert Advisors (EAs). It offers a wide range of trading products including Forex, commodities, indices, and cryptocurrencies, with access to over 80 instruments.
The platform includes 30 built-in technical indicators for detailed analysis and provides comprehensive trade history to review performance. MT4 is available on both desktop and mobile devices, ensuring traders can manage their activities conveniently from anywhere.
Deposits & Withdrawals
Traders at AIMS have various options for depositing and withdrawing funds. The available methods include Alipay, Wechat Pay, UnionPay, advcash, payTrust, help2pay, Bitcoin, Skrill, Local Bank, fasapay, STICPAY, VISA, and Mastercard. These payment options allow users to fund their trading accounts using credit/debit cards, wire transfers, and third-party payment providers like China Unionpay, FasaPay, Alipay, and Wechat Pay.
The minimum deposit amount is $20 for most currency options, except for Bitcoin and some others which have a minimum deposit of $11. When depositing funds, the amount will be converted to US dollars using the real-time exchange rate.
Withdrawal requests are processed in the base currency of the trading account. For example, if the trading account is in USD, the withdrawal will be processed in USD as well. The processing time for deposits is instant, while withdrawals typically take between 1 to 3 working days, except for certain currencies that have a 1-hour deposit processing time and 1 working day withdrawal processing time.
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.
Trading Tools
AIMS (Auric International Markets Limited) offers a range of trading tools designed to enhance the trading experience and provide valuable information for traders. These tools include an Economic Calendar, Market Holiday notices, and a Futures CFD Rollover system.
ECONOMIC CALENDAR:
AIMS provides an Economic Calendar that keeps traders informed about the latest financial events. This tool allows users to stay ahead by tracking important economic indicators, such as interest rate decisions, employment reports, GDP releases, and more. By having access to this calendar, traders can anticipate market movements and make informed trading decisions based on upcoming events.
MARKET HOLIDAY:
The Market Holiday tool provides information about holiday hours and notices. Traders can stay updated on market closures and trading hours during holidays, which is crucial for effective planning and managing trading positions. Being aware of market holidays helps traders avoid unexpected disruptions and adjust their trading strategies accordingly.
FUTURES CFD ROLLOVER:
AIMS offers a Futures CFD Rollover tool that assists traders in managing futures contracts. Futures contracts have expiration dates, and to ensure uninterrupted trading, AIMS facilitates the rollover process. When a contract matures, AIMS replaces it with a new one before the old contract expires. This tool also takes into account the price difference between the two underlying contracts, allowing traders to seamlessly transition between contracts.
Customer Support
AIMS (Auric International Markets Limited) offers comprehensive customer support accessible 24/5 to assist and address client inquiries effectively. Customers can contact the support team through various methods:
Email: Users can send their queries to the official support email at cs@aimsfx.com, with the team committed to responding promptly.
Live Chat: Available on their website, this service enables real-time interactions with support representatives for immediate assistance.
Social Media: AIMS is active on multiple platforms including Facebook (https://www.facebook.com/aimsfx/), Instagram (https://www.instagram.com/aimsfx_official/), YouTube (https://www.youtube.com/channel/UCCAcpyEyIL-ragKukoE9dWw), and LinkedIn (https://www.linkedin.com/company/aimsfx/). These channels not only offer additional avenues for support but also keep customers informed about the latest company updates and services.
Conclusion
In conclusion, AIMS (Auric International Markets Limited) offers a range of market instruments, account types, leverage options, trading platforms, and customer support services. However, there are certain disadvantages to consider. The lack of transparency in market instruments, limited information about certain account types and tools, and potential regulatory risks across jurisdictions pose challenges. Additionally, the platform's trading tools have limited details, and the compatibility with Mac OS is lacking.
FAQs
What market instruments are offered by AIMS？
AIMS offers a variety of market instruments, including currencies, cryptocurrencies, global shares, global indices, and metals & commodities.
What is the leverage offered by AIMS？
AIMS provides a maximum leverage ratio of 1:400.
What are the spreads and commissions at AIMS？
AIMS offers spreads for the EUR/USD pair that typically range between 1.0 and 1.5 pips per standard lot. They do not charge any trading commissions.
Does AIMS provide customer support？
Yes, AIMS offers customer support through email, live chat on their website, and their presence on social media platforms like Facebook, Instagram, YouTube, and LinkedIn.
2024-07-12 18:16
2024-06-14 10:25
