AION Trader review 2023: 5 things you should know about aiontrader.com

Beware! AION Trader is an offshore broker! Your investment may be at risk.

RECOMMENDED FOREX BROKERS

Visit Site

Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.

AION Trader is one of those brokers who come up with bold claims and promises but eventually fail to deliver them. This particular firm is absolutely unregulated and unauthorized, however it shamelessly claims the opposite and even displays a fake legal document on its website. What’s more, AION Trader hides its registered address, so it’s quite difficult to point out its true country of incorporation.

And if that’s not bad enough to turn you down on investing here, note that there is no actual trading software, so opening an account here is practically pointless. This broker also uses some quite shady payment methods, so we definitely recommend staying away from it. You can find some more details on AION Trader in our in-depth review.

AION Trader Regulation and safety of funds

So first things first – looking at this broker’s website we realized that there are no contact details, except for an email address. There is no company name, nor a registration address or any data about its regulation, that are clearly displayed. All of these seemed rather suspicious, as reputable brokers normally post this data right away.

Eventually after we carefully searched this page, we managed to find some legal documents at the bottom of the homepage. AION Trader displays a piece of legal document that is said to be from the registers of the Swiss Financial Market Supervisory Authority (FINMA). There you can also spot an office location, based in the UK. This broker also claims to be registered and regulated in Switzerland, however no specific address is displayed, nor any license number or whatsoever.

Let’s be clear straight away – this document seems like a total fraud. It’s 100% fake and this can be spotted a mile away. What’s more, we searched the registers of FINMA and no such company was to be found among the licensed firms. AION Trader is also absent in the registers of the Financial Conduct Authority (FCA) of the UK, so it definitely isn’t regulated there as well. All in all, this broker probably doesn’t have an office in the UK at all and is barely situated in Switzerland either.

Don’t trust such pseudo “brokers”, otherwise you risk being robbed before you know it! Instead, do your homework and always check if your new broker is to be trusted. Trade only with firms with proven reputation and a legit forex license.

AION Trader Trading software

AION claims that its trading platform can be accessed either from its WebTerminal or by downloading it on desktop/mobile. Unfortunately the links don’t work at all. The moment you try to download the software or to open the WebTerminal, the website suddenly crashes, so there is no way to access the platform.

After we registered however it turned out that there is no platform in our profile either. At this point AION Trader seems like the perfect example of an outright scam, as there is no way to trade here at all.

Our advice is to keep clear from such sham firms and look for a legitimate broker who offers MetaTrader 4 or MetaTrader 5, as they are the best platforms nowadays.

AION Trader Trading instruments

AION Trader claims to offer different trading instruments like forex, indices, crypto, commodities and shares. Unfortunately, since we couldn’t see any trading platform at all, we can’t confirm the above statement. Anyway, given the fact that this broker is totally unlawful you have no reason to deal with it.

AION Trader Spreads and cost of trading

There is no data about the spreads this broker offers. And as we didn’t see any trading software at all, we don’t know what volumes it might be providing. However, given the fact that there is no platform and AION Trader is a total sham, we believe that you can’t trade here at all, so don’t waste your time or money. Just beware that spreads below 2 pips are known to be less costly, so look for a legitimate broker who offers such amounts.

AION Trader Maximum leverage

The leverage is also not clearly specified on this website. While we registered we could choose between leverage starting from 1:100 all the way to 1:1000. All of these amounts are certainly too risky. Not to mention that there is a leverage cap of 1:30 in the UK. It’s true that there are no restrictions in Switzerland though, but that still doesn’t mean this broker’s credible or to be trusted. This surely is just another sneaky way to trick new customers into investing. However, no matter how appealing it may seem, note that the higher leverage is associated with a huge risk of losing your money in a flash. If you still want to give it a try though, a shady broker like this one is not a good choice. Instead, look for some of the offshore subsidiaries of reputable forex brokers.

AION Trader Deposit and withdrawal methods

In its Frequently Asked Questions the broker claims to accept “multiple credit cards, multiple electronic payment methods, bank wire transfer, local bank transfer, and other payment methods”. We have seen the same statement displayed word by word by some other fraudsters, so at this point we were already prepared for what to expect.

After we registered and tried to fund our account, there were only two options – transactions with Bitcoin and Tether. There were no credit cards or wire transfer, but such blatant lies are typical for scammers. Payments with crypto coins are also quite common with fraudsters, as these transactions are completely irreversible and anonymous. And as we all know, scammers would do anything to prevent you from getting your money back.

AION Trader Minimum deposit

The minimum deposit this broker requires is not specified and that’s another red light you should look out for. Just as you know most genuine brokers tend to ask for around 250 USD for regular accounts and even less for micro accounts – around 10 USD.

AION Trader Withdrawal requirements

There is no data across the website regarding this broker’s withdrawal requirements and that’s another wake-up call. Beware that scammers usually set huge fees upon every withdrawal request, which may exceed 15 or even 20%. They also sometimes require a certain minimum withdrawal amount, which might not be favorable either. Legitimate brokers on the other hand don’t charge any withdrawal fees, nor do they require any minimum amount to be withdrawn.

Our final thoughts – keep away from this shady broker as it’s definitely not to be trusted!