Score

2.15 /10
Danger

Aron Groups Broker

Saint Vincent and the Grenadines

2-5 years

Suspicious Regulatory License

MT5 Full License

High potential risk

A

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Comparison

Quantity 1

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Score

Regulatory Index0.00

Business Index6.80

Risk Management Index0.00

Software Index8.43

License Index0.00

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Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

Aron Groups LLC

Company Abbreviation

Aron Groups Broker

Platform registered country and region

Saint Vincent and the Grenadines

Company website

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Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-12-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Pyramid scheme complaint
Expose
Scam

Aron Market is Pure Scam N fraud Company stay away

Subject: Review of Aron Market scammer Broker - my Mt5 Account No.195552 Dear Sir/Madam, I am writing to provide my review of the services provided by Aron Market scammer Broker. My name is Mohsin Ali Abbasi, and I opened an account with Aron Market with the MT5 A/C No..195552 would like to bring to your attention an incident that has occurred with my account, which has led me to believe that Aron Market is a fraudulent broker. On 15th November 2024, I deposited 270 USD into my account and opened a sell trade of 50 shares of US shares TAGET (TGT ). I made a profit 1454 USD, and when I requested to withdraw my profits, so Aron Market scammer company canceled all of my profits and Also Eat my Capital too and emailed me that I had done fraudulent trading.And Misuse of Negative balance Protection facility. I fail to understand how trading based on speculation or news can be considered fraudulent. And This company have automatic removal of Negative balance Protection facility.I made a profit, and when I asked for it, they refused to give it to me. If I make money, they refuse to give it to me, but if I lose money in a trade, they do not seem to care or ask.So I would like to warn all retail traders to be cautious when trading with Aron Market scammer company. It appears that they run standalone servers that are not connected to exchanges. I am warning all readers be ware of this fraudulent broker. I am attentioning CEO of Aron Market that your broker is doing scam with me, kindly return my profit And my Capital 1721$, i didn't do any wrong, just do a normal trade in US share provided by your broker. If i loss with same strategy then will company compensate my loss ? I request all retail traders to withdraw their money from Aron Market scammer company sooner rather than later because, even if you make a profit, you will eventually lose your hard-earned money. I would appreciate your help in spreading the news about this incident so that others do not lose their fund

Mohsin Ali8640
2024-11-21 15:53
Aron Groups Broker · Company summary

Note: Aron Groups Brokers official site - https://arongroups.co/en/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

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.

General Information & Regulation

Feature Information
Registered Country/Region Saint Vincent and the Grenadines
Regulation unregulated
Market Instrument Forex, Commodities, Stocks, Indices, and Cryptocurrencies
Account Type Nano, Standard (ECN), Swap Free (ECN), and VIP (ECN)
Demo Account N/A
Maximum Leverage 1:1000
Spread N/A
Commission $0
Trading Platform MT5
Minimum Deposit $1
Deposit & Withdrawal Method MasterCard, Visa, Ziraat bankasi, Webmoney, Payeer, Ininal, Perfect Money, top change, Pax, and cryptocurrencies

Aron Groups Broker, a trading name of Aron Groups LLC, is an online broker registered in Saint Vincent and the Grenadines that has been offering diverse trading instruments to the financial markets. It offers variable spreads and flexible leverage up to 1:1000 on the MetaTrader5 trading platforms.

As for regulation, it has been verified that Aron Groups Broker currently has no valid regulation. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.69/10. Please be aware of the risk.

General Information & Regulation

Note: The screenshot date is February 1, 2023. WikiFX gives dynamic scores, which will update in real-time based on the broker's dynamics. So the scores taken at the current time do not represent past and future scores.

Market Instruments

Aron Groups Broker offers financial instruments including Forex, Commodities, Stocks, Indices, and Cryptocurrencies.

Account Types

Aron Groups Broker provides users with multiple accounts to choose from, below are their features:

Nano - Suitable for traders with low budget and low risk-taking ability

Minimum Deposit: $1, Annual Daily Profit(Dollar): 0

Standard (ECN) - Intended for professionals who prefer the best conditions available.

Minimum Deposit: $50, Annual Daily Profit(Dollar): 0.5%

Swap Free (ECN) - Suitable for traders who intend to trade in large volumes. Limited leverage to protect the profit in large volumes

Minimum Deposit: $500, Annual Daily Profit(Dollar): 2%

VIP (ECN) - Suitable for traders who intend to keep their deals. Low call margin level and high profitability

Minimum Deposit: $1000, Annual Daily Profit(Dollar): 1%

Leverage

The specified leverage for different account types at Aron Groups Broker varies between 1:1 and 1:1000. Clients on the Nano account can enjoy the maximum leverage of 1:1000, the Standard (ECN), Swap Free (ECN), and VIP (ECN) accounts can experience leverage of 1:500, 1:1, 1and 1:300 separately.

It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Commissions

All charging no commissions.

Trading Platform

Aron Groups Broker offers a MetaTrader5 trading platform that can be accessed via desktop, mobile devices and web trader. Successful trading in the financial markets starts with a simple yet complete platform. MetaTrader5 is the best choice for todays traders. MetaTrader5 is a product of MetaQuotes, which was launched in 2010 after MetaTrader4. MetaTrader is an analytics-trading platform that has become popular as a comprehensive and powerful platform in the Forex, stock and futures markets by offering a wide range of scripts and expert software to facilitate trading.

Deposit & Withdrawal

When it comes to funding options we can applaud this broker as it provides several options for traders to deposit through. Those include MasterCard and Visa, Ziraat bankasi, Webmoney, Payeer, Ininal, Perfect Money, top change, Pax, and more cryptocurrencies.

Customer Support

Aron Groups Broker provides customer support 24/5 via live chat, email and telephone. They can therefore be reached at any.

Telephone number: +902128139202

Support Email: aronsupport@arongroups.co

Address: First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St Vincent and the Grenadines

Pros & Cons

Pros Cons
• Multiple trading assets, account types and funding options • No regulation
• Low minimum deposit ($1) • Website inaccessible
• MT5 supported

Frequently Asked Questions (FAQs)

Q 1: Is Aron Groups Broker regulated?
A 1: No. It has been verified that Aron Groups Broker currently has no valid regulation.
Q 2: Does Aron Groups Broker offer the industry-standard MT4 & MT5?
A 2: Yes. Aron Groups Broker supports MT5.
Q 3: What is the minimum deposit for Aron Groups Broker
A 3: The minimum initial deposit is $1.
Q 4: Is Aron Groups Broker a good broker for beginners?
A 4: No. Aron Groups Broker is not a good choice for beginners. Though it seems to offer competitive trading conditions, it lacks legitimate regulation.

News

ExposureCautious Investing: Unmasking the Risks of Aron Groups Broker

Aron Groups Broker: Unlicensed, Unregulated, and Untrustworthy. Discover the deceit behind this shadowy brokerage house. Protect your investments wisely.

WikiFX
2024-03-12 09:44
Cautious Investing: Unmasking the Risks of Aron Groups Broker

User Reviews

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User comment

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Butterfully
more than one year
Unfortunately, the platform doesn't support credit card transactions, and popular methods like Apple Pay and Google Pay are also not accepted. This makes the whole process quite inconvenient. It would be great if Aron Groups Broker could address these limitations, maybe consider some upgrades, and then come back stronger for business.
Unfortunately, the platform doesn't support credit card transactions, and popular methods like Apple Pay and Google Pay are also not accepted. This makes the whole process quite inconvenient. It would be great if Aron Groups Broker could address these limitations, maybe consider some upgrades, and then come back stronger for business.
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2024-01-31 20:30
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FX1111716316
more than one year
I dare to say that trading fees of this broker are the lowest, including commissions, inactivity fees. Aron Group Broker is the cheapest broker I have ever met.
I dare to say that trading fees of this broker are the lowest, including commissions, inactivity fees. Aron Group Broker is the cheapest broker I have ever met.
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2022-12-06 16:38
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