AETOS Capital Group (UK) Limited
AETOS Capital Group (UK) Limited is another global provider of online forex and CFDs trading. It is а subsidiary of AETOS Capital Group – financial company whose headquarter is in Sydney, Australia. The broker claims to have 25 offices worldwide. AETOS is regulated by the Financial Conduct Authority (FCA) in the UK.
Clients can trade with currency pairs, commodities, shares and indices.
AETOS offers desktop, web-based and mobile versions of the well-known MetaTrader 4 (MT4) platform. It allows using of automated trading with expert advisors, advanced charting tools and account management.
There are two types of accounts:
- General account requires a minimal deposit of USD250, offers maximum leverage of 1:200, no re-quotes for market orders and supports automated trading with expert advisors;
- Premium account is created for high-volume traders and offers a typical spread for EUR/USD of 0.8 pips, maximum leverage of 1:100, instant market execution, supports expert advisors and customizable scripts. It requires a minimum deposit of USD20,000.
The higher leverage could increase the risk of loss. Moreover, there is no negative balance protection so clients may be required to make further payments to AETOS to cover any losses which are greater than the amount of their initial deposit.
Some customized plug-ins for the MT4 indicators can be downloaded from the company website. There are some useful trading tools such as Trading Central Analysis, economic calendar, market news and commentaries.
Although AETOS claims there are no re-quotes, the company warns in its Legal Documents section on the website that the prices shown in the platforms could not be the same as those the deal is executed. That means there is slippage. Furthermore, stop loss orders are not guaranteed and if any gap occurs, they could be executed at a worse than expected price and the result will be significant losses.
The company acts a market maker, which could lead to potential conflicts of interests with customers.