Arotrade is a CFD trading Forex broker that opened in March 2018. Owned and operated by SPEED PA LTD, with an address at: 28 Jawaharlal Neru Blvd, Silver Business Center, Office 24, 132 Sofia, Bulgaria.
Phone number in South Africa is: +27 21 110 0943. Compliance contact email Address: [email protected]. Official Website is: https://arotrade.com/
Arotrade Broker Review
While reviewing Arotrade, we see that they offer Forex and CFD trading on their platform. Their trading platform, which is called TraderSoft, can actually be individually customized to your needs.
You can trade numerous underlying assets including EUR/USD and GBP/JPY. With CFD trading, you are investing with added leverage, of usually 1:50. This gives you a greater potential of fast profits, but at the same time the risk is much greater.
The Arotrade website and trading platform is multilingual, and is available in English, Russian and Arabic. This broker accepts Deposits in various methods, including Hal-Cash, Teleingreso, Astropay and many others E-wallets. Of course they accept Credit / Debit Cards and bank transfers too. Minimum deposit is $250.
Forex Trading Robot Scam
Many new investors get scammed by a trading robot which promises high returns and huge profits. There are so many of Forex trading systems, that it is impossible to keep up with the latest scam software.
If you want to use an automated trading software, read about the most popular systems today, look here.
Arotrade Account Types
At Arotrade you can open an account with a minimum deposit of $250. There are an additional 4 account types, which each one offering a larger bonus.
Ignorance is the number one reason for traders complaints.
Make sure to carefully read each brokers “Terms and Conditions” page before you accept a bonus. Bonus money comes with trading conditions which lock up your invested money. You can read more about complaints in the investors forum.
Check For a Brokers License
How do you verify that a broker is legit and not another online scam? You verify with your local government financial regulator, that the broker has a license.
AroTrade is licenced and regulated in Belize by the IFSC (International Financial Services Commission) under authorization # IFSC/60/391/TS/17. The broker is not licensed by the FCA or ASIC.