When choosing a broker, you must consider their reputation, customer service, trading platform, fees and commissions, and regulatory compliance.
One way to test a broker is to check if they have a license. The license should be from a reputable financial institution. It will provide you with a sense of assurance that they are transparent and ethical. Currently, the Aron Groups broker is not regulated by any major financial authority. This fact may raise some concerns for potential clients.
The broker lacks Tier 1 regulation. We ran through the databases of the FCA (Financial Conduct Authority), ASIC, and BaFin to confirm the regulatory status of Aron Group. Yet we could not find any listing for Aron Group.
We also confirmed that Aron Groups currently has no valid license.
Furthermore, we strongly advise you not to invest in the bogus brokers Amarkets, Finance Proof, and CryptoFXPro. If you want to save money, don’t trade with these unlicensed brokers!
| Broker status: | Unregulated Broker |
| Regulated by: | Unlicensed Scam Brokerage |
| Scammers Websites: | arongroups.co |
| Blacklisted as a Scam by: | N/A |
| Owned by: | Aron Groups LLC |
| Headquarters Country: | Saint Vincent and the Grenadines |
| Foundation year: | 2020 |
| Supported Platforms: | MT5, Windows, iOS, Android |
| Minimum Deposit: | $1 |
| Cryptocurrencies: | Yes (130+) Bitcoin, Litecoin, Ethereum |
| Types of Assets: | Cryptocurrencies, Stocks/Equities, Indices, Energies, Precious Metals, Forex/Currencies |
| Maximum Leverage: | 1:1000 |
| Free Demo Account: | N/A |
| Accepts US clients: | N/A |
The Opinions of Traders About Aron Groups
Aron Groups is a relatively new company, and there are not many online reviews available yet. However, the few reviews we found were mostly negative.
Research and due diligence are essential if you decide to use the Aron Groups broker. You can do this by checking their regulatory status and reading online reviews. Then try to compare their services and fees with other brokers on the market. With any financial decision, proceed with caution and invest only what you can afford to lose.
Aron Groups Software Comparison
According to their claims, Aron Groups is a forex broker that provides MetaTrader 5 (MT5) as their trading platform for both PC and mobile versions.
MetaTrader 5 (MT5)
MetaTrader 5 (MT5) is a popular trading platform used by many forex brokers all over the planet. It is the successor to the MetaTrader 4 (MT4) platform. MT5 offers advanced trading functionalities. Some of them are:
- Multi-currency
- Multi-asset trading
MetaTrader 5 (MT5) allows traders to trade forex, stocks, commodities, and futures. Also, it includes a charting package with a variety of technical indicators. Mobile and desktop versions make MT5 accessible to traders on the move.
MetaTrader Mobile Training
MetaTrader Mobile Training is a feature on MetaTrader 5 (MT5) platform. Its purpose is to help traders learn how to use the mobile version of the MT5 platform.
The mobile platform has plenty of training materials, like videos and step-by-step guides. They are quite valuable and simply necessary for traders.
Trading Assets and Instruments
Aron Group offers over 100 forex currency pairs, CFDs, gold, silver, oil, indices, shares, BTC, and other cryptocurrencies as trading assets and instruments.
Aron Group is an online broker that provides various trading instruments to the financial markets. The broker offers flexible spreads, high leverage of up to 1:1000, and requires a minimum deposit of only $1.For a relatively new broker, their services and offers are very good and favorable. Everything is great except for the fact that they are not regulated.
Countries Of Service
It has been reported that this broker has been involved in scamming traders from several countries including the United States, Germany, the Netherlands, the United Kingdom, and France.
Many traders have lost their money due to fraudulent activities by this broker. It is advisable to conduct thorough research before choosing a broker to avoid falling prey to such scams. Always remember this.
Aron Groups Account Types
Aron Groups broker offers a variety of account options with unique features:
- Nano: Designed for low-budget trades with low-risk tolerance.
- Standard (ECN): Meant for professionals who prefer the best trading conditions.
- Swap Free (ECN): Suitable for traders who intend to trade in large volumes with limited leverage to protect their profits.
- VIP (ECN): Ideal for traders who intend to keep their deals with low call margin levels and high profitability.
Can a Trader Use a Demo Account?
According to their claims, each client is eligible to create 10 real accounts and 5 demo accounts with the broker.
The main difference between live and demo accounts is that in a demo account, traders use virtual funds, which means the profits and losses are virtual. On the other hand, live accounts require actual funding, and the losses and profits are real.
Special Offers
This suspicious broker does not offer any special promotions or bonuses to attract traders. They do not provide loyalty programs or referral incentives.
The absence of any unique deals or discounts is a red flag. Traders should be cautious of companies that do not offer any value-added benefits.
Aron Groups Terms of Service
Transparency is essential in any business transaction, especially in the world of online trading. Unfortunately, this broker does not seem to prioritize transparency when it comes to their terms and conditions.
This can create confusion and uncertainty among customers, ultimately making it difficult to comprehend the company’s operations. Consequently, traders may become easy targets for deception. Opting for a broker that provides transparent terms and conditions is always a safer choice.
Leverage, Spreads, and Fees
Leverage ranges from 1:1 to 1:1000 depending on the account type. For instance, Nano account holders enjoy maximum leverage of 1:1000.
It’s essential to remember that higher leverage means a higher risk of losing your deposited capital, and it can either work in your favor or against you. All accounts charge zero commission.
Scammed by Aron Groups? – We Want To Hear Your Story.
Online trading comes with considerable risks. There is a possibility that you may lose all your invested capital. It is not appropriate for all traders or investors.
It is crucial to comprehend the risks involved. Note: The information presented in this article is for general information purposes only. In case this broker steals your funds, contact us for help!
What Is the Chargeback Procedure?
If you suspect that you’ve been scammed, take the following steps. First, deactivate your cards and report the incident to your bank.
If you used your cards for a deposit, you may be able to file a chargeback, but watch out for fraudulent chargeback agencies. Share your experience to help others. Contact us to initiate the chargeback process, book a free consultation, and learn how to get started.
What Is Aron Groups?
Aron Groups is a suspicious forex broker that provides various trading instruments to its clients.
Is Aron Groups a Scam Broker?
Yes, Aron Groups is a scam broker because they are not regulated.
Is Aron Groups Available in the United States or the UK?
No, these are prohibited countries for this broker. Keep this in mind.
Does Aron Groups Offer a Demo Account?
On their website, they claim that every client can create up to 5 demo accounts with them.
