AOLLIKUS Forex Broker
Basic Information
Vanuatu
2-5 years Regulated in Vanuatu Retail Forex License Suspicious Scope of Business Medium potential risk Offshore RegulatedCompany profile
Rating Index
Aollikus Forex Broker - Complete Information Guide
1. Broker Overview
Aollikus, officially known as Aollikus Limited, was established on December 24, 2019. The company is headquartered at 1276, Govant Building, Kumul Highway, Port Vila, Republic of Vanuatu. Aollikus operates as a private entity, providing a range of financial services primarily focused on retail forex trading.
The main markets served by Aollikus include individual retail clients and institutional investors, offering access to various financial instruments. Over the past few years, Aollikus has aimed to build a reputation in the forex and CFD trading space, although it faces challenges due to its offshore regulatory status.
Aollikus has developed its business model around retail forex and CFD trading, providing clients with access to a diverse range of trading instruments. The company aggregates liquidity from top-tier providers, enabling it to offer competitive trading conditions.
2. Regulation and Compliance Information
Aollikus operates under the regulation of the Vanuatu Financial Services Commission (VFSC), holding a retail forex license with the number 40131. The VFSC is responsible for licensing and supervising financial dealers in Vanuatu, ensuring compliance with local regulations.
The license granted to Aollikus is valid for one year, and the company has successfully passed the qualification process annually since its inception. However, it is important to note that the VFSC is considered an offshore regulatory body, which may not provide the same level of investor protection as more established regulators.
Client funds at Aollikus are held in segregated accounts, adhering to basic KYC (Know Your Customer) and AML (Anti-Money Laundering) compliance measures. However, there is currently no information available regarding participation in an investor compensation fund, which could offer additional protection for clients.
3. Trading Products and Services
Aollikus broker offers a diverse range of trading products, including:
- Currency Pairs: Aollikus provides access to multiple forex pairs, including major, minor, and exotic currencies.
- CFDs: The broker offers contracts for difference on various assets, including indices, commodities, and single stocks.
- Special Products: Aollikus also allows trading in volatility indices, which are proprietary synthetic assets designed to mimic real-world market volatility.
The broker continuously updates its product offerings, although specific details about new instruments or updates are not frequently disclosed. Aollikus caters to both retail and institutional clients, providing tailored services to meet their trading needs.
4. Trading Platforms and Technology
Aollikus does not currently support popular trading platforms such as MetaTrader 4 (MT4) or MetaTrader 5 (MT5). Instead, it operates its proprietary trading platform, which is designed to facilitate access to various financial markets.
The broker offers a web-based trading platform accessible from multiple devices, including desktops, tablets, and smartphones. Aollikus also provides a mobile application compatible with both iOS and Android devices, allowing traders to manage their accounts on the go.
Execution models employed by Aollikus include ECN (Electronic Communication Network) and STP (Straight Through Processing), ensuring efficient trade execution. The broker's servers are located in the United States, contributing to low latency and quick order processing.
API access for automated trading is available, providing clients with the ability to implement algorithmic trading strategies.
5. Account Types and Trading Conditions
Aollikus offers several account types to cater to different trading needs:
- Standard Account: The conditions for this account type, including minimum deposit and spreads, are not explicitly mentioned in the available information.
- Advanced Accounts: Specific details regarding VIP or professional accounts have not been provided.
- Special Accounts: Information on Islamic accounts or corporate accounts is also lacking.
- Demo Account: Aollikus provides a demo account for clients to practice trading without risk.
The leverage offered by Aollikus can reach up to 1:500, depending on the asset class. The minimum trade size and overnight fees are not specified in the available documentation.
6. Fund Management
Aollikus supports various deposit methods, including:
- Bank Transfers
- Credit Cards
- E-Wallets
The minimum deposit requirements vary by account type, but specific figures are not detailed. The processing time for deposits is generally quick, although exact durations are not specified.
Withdrawal methods include bank transfers and e-wallets, with specific withdrawal limits and processing times remaining unclear. Additionally, any associated withdrawal fees have not been disclosed.
7. Customer Support and Educational Resources
Aollikus provides customer support through multiple channels, including:
- Phone: +1 (816) 652-9031
- Email: info@aollikus.com
- Online Chat: Available on the website
Customer support operates 24/7 and is available in eight languages, primarily focusing on English.
In terms of educational resources, Aollikus offers various tools to assist traders, such as market analysis, trading signals, and educational articles. However, specific details on the types of webinars or tutorials provided are not mentioned.
8. Regional Coverage and Restrictions
Aollikus primarily serves clients in various global markets, with a focus on retail traders. The company has a registered office in Vanuatu, which is its main operational base.
However, there may be restrictions on clients from certain countries, although specific regions or countries where Aollikus does not accept clients are not disclosed. It is advisable for potential clients to verify their eligibility before opening an account.
In summary, Aollikus broker provides a range of forex and CFD trading services tailored to individual and institutional clients. While it operates under the VFSC, potential clients should carefully consider the implications of trading with an offshore-regulated broker.