AIKO Markets Forex Broker

AIKO Markets Review SummaryRegistered On2020-08-28Registered Country/RegionUnited KingdomRegulationUnregulatedMarket InstrumentsForex, Commodities, Stocks, Cryptocurrencies, Metals, and IndicesDemo Account❌LeverageUp to 1:500SpreadSPREAD 6 (EUR/USD)Trading PlatformTradeLockerMin Deposit/Customer Support (24/7)Live ChatTwitter, InstagramAIKO Markets Information AIKO Markets is an online financial trading platform that supports trading in multiple asset classes, including foreign exchange, cryptocurrencies, stocks, indices, and commodities. It offers various account types to cater to both novice and experienced traders. However, AIKO Markets lacks regulation.Pros and ConsPros Cons High leverage up to 1:500UnregulatedMultiple trading instrumentsHigh leverage riskFlexible account typesBonus withdrawal thresholdCryptocurrency-friendlySPREAD 6 (EUR/USD)Is AIKO Markets Legit? AIKO Markets is unregulated, and the official website of the platform does not explicitly disclose any information about regulatory authorities (such as the FCA, ASIC, etc.).What Can I Trade on AIKO Markets? AIKO Markets offers the following types of trading assets: forex, indices, commodities, metals, stocks, and cryptocurrencies.Tradable Instruments Supported Forex✔Commodities✔Stocks✔Cryptocurrencies✔Metals✔Indices✔ETFs❌Bonds❌Mutual Funds❌Account Type The platform offers three account types, all supporting the True ECN/STP execution model and using the TradeLocker trading platformAccount TypesScalpEliteTrue ECNMinimum DepositNot specified$25,000Not specifiedLeverage1:5001:5001:500SpreadsRaw spreads ≥ 1 pipStarting from a maximum of 2 pipsStarting from a maximum of 2.5 pipsCommission$14 per trade$10 per trade$7 per tradeAIKO Markets Fees AIKO Markets offers lower spreads for major currency pairs, such as a spread of 6 for EUR/USD, while spreads for cryptocurrencies and cross-currency pairs are higher. The Scalp account charges $14 per trade, and the True ECN account charges as low as $7 per trade. Additionally, BTC deposits are free of charge, while other cryptocurrencies (such as ETH and USDT) incur a 2.5% handling fee.Leverage The platform offers a maximum leverage of 1:500, applicable to foreign exchange and cryptocurrency trading.Trading Platform AIKO Markets provides the TradeLocker trading platform, where traders can use TradingView chart analysis tools to assist with investment decisions.Deposit and Withdrawal Deposit methods support cryptocurrency deposits such as BTC, ETH, XRP, and USDT. There is no fee for BTC deposits, while a 2.5% fee is charged for other currencies.Bonus After verifying your account, you can earn points by making a deposit. For every 1 lot traded, you can convert the points into $5 cash, which can be used for trading or withdrawn. The funds cannot be transferred to other accounts. 评论 I tried the Scalp account for a month. It's user-friendly as you can open a position with just $10, and the forex spreads are lower than those of the previous platform I used (for example, EUR/USD is only 6 pips). I came for the 1:500 leverage and opened a True ECN account. The $7 commission is cheaper than other platforms. I traded gold and US stock indices, and the platform's order placement speed is acceptable.