AIMS Forex Broker

AIMS Forex Broker - Complete Information Guide

1. Broker Overview

AIMS (Auric International Markets) is a well-established forex broker that commenced operations in 2015. The company is headquartered in Sydney, Australia, with additional representative offices in various regions, including Dubai, Malaysia, Vietnam, Cambodia, Japan, Korea, Indonesia, Hong Kong, China, India, Thailand, Africa, and several European countries. AIMS operates as a private entity and focuses on providing trading solutions to both retail and institutional clients.

Since its inception, AIMS has made significant strides in the financial markets, carving out a reputation as a reliable broker. The firm has developed a strong client base, serving over 88,000 clients across 17 countries. AIMS has consistently upgraded its services and technology to meet the evolving needs of traders. The broker operates primarily in the retail forex market, offering a range of financial instruments, including forex, CFDs, commodities, and indices.

AIMS operates under a model that emphasizes straight-through processing (STP) and no dealing desk (NDD) execution, ensuring that trades are executed at market prices with minimal intervention. This business model allows AIMS to provide competitive pricing and efficient trade execution, catering to the diverse needs of its clientele.

2. Regulation and Compliance Information

AIMS is a regulated broker, holding licenses from two prominent regulatory bodies:

• Australian Securities and Investments Commission (ASIC) - License Number: 430091
• Labuan Financial Services Authority (LFSA) - License Number: MB/17/0017

The regulation by ASIC, a top-tier authority, ensures that AIMS adheres to strict financial regulations and industry standards, providing a sense of security to its clients. The LFSA license allows AIMS to operate in an offshore capacity, which may present different regulatory implications.

AIMS implements robust client fund protection measures, including the segregation of client funds from company funds, ensuring that client assets are safeguarded. The broker also participates in a negative balance protection policy, which prevents clients from losing more than their invested capital.

To comply with international standards, AIMS follows Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring clients to provide identification and proof of address during the account opening process.

3. Trading Products and Services

AIMS offers a diverse range of trading products, catering to various trading preferences and strategies. The broker provides access to:

• Forex: Over 70 currency pairs, including major, minor, and exotic pairs.
• CFDs: A wide array of contracts for difference covering indices, commodities, stocks, and metals.
• Cryptocurrencies: Trading options include popular cryptocurrencies, though specific offerings may vary.

AIMS continuously updates its product offerings to adapt to market trends and client demands. The broker also provides retail trading services, ensuring that individual traders have access to the necessary tools and resources for successful trading. For institutional clients, AIMS offers tailored solutions, including white-label services and asset management options.

4. Trading Platforms and Technology

AIMS supports the widely popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, which are known for their advanced features and user-friendly interfaces. These platforms are accessible on desktop, mobile, and web devices, allowing traders to manage their accounts and execute trades from anywhere.

• MT4: Ideal for beginners, offering essential trading tools, advanced charting capabilities, and automated trading options through Expert Advisors (EAs).
• MT5: Designed for experienced traders, MT5 provides additional analytical tools, more timeframes, and access to a wider range of financial instruments.

AIMS operates on a true ECN model, ensuring fast execution speeds and fair pricing. The broker's servers are strategically located to enhance performance and reduce latency. Additionally, AIMS offers API access for automated trading solutions, allowing clients to implement algorithmic strategies seamlessly.

5. Account Types and Trading Conditions

AIMS provides various account types to cater to different trading needs:

• Standard Account:

• Minimum Deposit: $50

• Average Spread: 1.5 pips (EUR/USD)

• Commission: $0

• MAM Account:

• Minimum Deposit: $10,000

• Average Spread: 1.5 pips (EUR/USD)

• Commission: $0

AIMS also offers swap-free accounts for clients who require Islamic trading options. The broker provides flexible leverage options ranging from 1:1 to 1:400, depending on the account type and regulatory requirements. The minimum trade size is 0.01 lots, allowing traders to manage their risk effectively. AIMS has a clear policy regarding overnight fees, ensuring transparency in trading costs.

6. Fund Management

AIMS supports various deposit methods, making it easy for clients to fund their accounts. Available options include:

• Bank Wire Transfers
• Credit/Debit Cards
• E-Wallets (such as Skrill and Sticpay)

The minimum deposit requirement varies by account type, with $50 for standard accounts and $10,000 for MAM accounts. Deposits are processed quickly, typically within 1-3 business days, depending on the method used. AIMS does not charge fees for deposits or withdrawals, although clients may incur charges from their banks.

Withdrawals can be made via the same methods used for deposits, and processing times are generally within 1-3 business days. AIMS maintains a transparent fee structure, ensuring clients are aware of any applicable charges.

7. Customer Support and Educational Resources

AIMS provides comprehensive customer support through various channels, including:

• Email: Clients can reach out via cs@aimsfx.com.
• Live Chat: Available during trading hours for immediate assistance.
• Social Media: AIMS is active on platforms such as Facebook, Instagram, and LinkedIn.

Customer support operates 24/5, covering major trading time zones. AIMS offers multilingual support, catering to a diverse clientele.

In terms of educational resources, AIMS provides limited materials, including market insights and an economic calendar. However, traders seeking extensive educational content may find AIMS lacking in this area. The broker offers basic trading tools, such as calculators and trading signals, to assist clients in their trading endeavors.

8. Regional Coverage and Restrictions

AIMS serves a global market, with a significant presence in regions such as Australia, Asia, and Europe. The broker has established offices in multiple countries, enhancing its accessibility to clients.

However, AIMS does not accept clients from certain countries due to regulatory restrictions. These include:

• United States
• Iran
• Cuba
• Sudan
• Syria
• North Korea

Clients interested in trading with AIMS should verify their eligibility based on their geographical location and local regulations.

In summary, AIMS is a reputable forex broker that offers a diverse range of trading products and services. With a strong regulatory framework, advanced trading platforms, and competitive trading conditions, AIMS aims to meet the needs of both retail and institutional traders. However, potential clients should conduct thorough research to ensure that AIMS aligns with their trading goals and requirements.