REVIEW - AussieTrust Forex & CFD Broker

Photo: Leaprate

Overview

• Broker Name: AussieTrust
• Broker Type: Forex & CFD
• Country: Australia
• Operating since year: 1997
• Address: 2 Riverside Quay Street Melbourne, Southbank VIC 3006 Australia
• Broker status: Active

Customer Service

• Phone: +61-894-683564, +44-2033-183-298
• Email: compliance@aussietrust.com
• Languages: English
• Availability: 24/5

Trading

• Trading platforms: Proprietary
• Trading platform Time zone: GMT+10
• Demo account: N/A
• Mobile trading: No
• Web-based trading: Yes
• Bonuses: N/A
• Other trading instruments: Yes

Account

• Minimum deposit: €250
• Maximal leverage: 1:400
• Spread: Floating
• Scalping allowed: No

AussieTrust is a fresh broker on the market, founded in 1997. 

The broker is based at 2 Riverside Quay Street, Melbourne, Southbank VIC 3006, Australia. 

The broker welcomes you with a tidy and easy to understand website, where you can immediately access most of the things you need. The trading platform button will take you straight to an overview of their custom application, and double as a demo account.

There is also an education center and an account types tab that gives you all the trading info you need. A support chat bubble hangs in the lower right corner, ensuring you have a quick way to answer any of your questions.

But most traders are not that curious about looks and accessibility. Even if a website is unappealing, you will find your way around it eventually. What people actually care about are the benefits they get when using a broker.

An Extensive Learning Database

There is a wealth of things to be learned at AussieTrust, as their knowledge base acts as a miniature trading encyclopedia. There’s a glossary that allows you to learn all the necessary learning terminology and eBooks that help you build upon specific skills.

To add to that, there’s also an asset index, which makes it easier to wrap your head around the trading instruments. Lastly, there’s a FAQ for specific site-related questions.

Accessible Platform

The platform and website, in general, are pleasing to look at and easy to use and navigate. Even someone with no prior knowledge of trading would get a good idea of what’s going on, even at just a glance. And although it doesn’t matter that much in the long run, it’s much less frustrating to use a well-designed platform, than a poorly designed one, even if they provide the same functionality.

400:1 Leverage

The firm struck a good level of leverage, offering up to 400:1. That ensures that traders can get an edge when buying or selling, but also that they won’t get too ahead of themselves.

Funds Trading and Security

AussieTrust provides adequate funds security, so you don’t need to be worried about your money getting lost.

And although that may leave some people slightly cautious, we don’t think there is any need for that. We scoured the web for any traces of unsatisfied users to check whether AussieTrust is malicious, and we found nothing. It’s not a common occurrence for a website to go without any complaints about that long of a time period, and we feel like that overturns the lack of a license.

Naturally, nobody can guarantee complete safety with any broker. Even established companies with decades of experience have their slip-up now and then. Although AussieTrust is young, it seems to be one of the more honest brokers, and are nearly certain to treat you fairly if you follow the website rules.

Trading Accounts

While there’s no demo account in the traditional sense, AussieTrust lets you access their platform from their website right away. That lets you check out the functionality and familiarize yourself with the UI quickly. The great bit about it is that there’s no need to even sign up to access that function, unlike many competitors who regularly ask for registration even if it’s for a demo.

As far as their live accounts go, there are three regular options and an invite-only VIP account. You will notice that there’s quite a large gap between them, and that might look scary to some new users. You don’t need to be afraid, though, as even the cheapest account provides an excellent trading experience. As for the others, feel free to wait until you’re comfortable (both in finances and skill level) and go for them as a luxury.

Here’s a rundown of what each of the different account types gets you:

Silver

• Minimum deposit €250+
• Dedicated senior account manager: No
• Bonus funds: No
• Lucrative spreads: No
• Trading signals: No
• Maximum leverage: 1:100
• Trade Room analysis: No

Gold

• Minimum deposit €10000+
• Dedicated senior account manager: Yes
• Bonus funds: Yes
• Lucrative spreads: Gold Spreads
• Trading signals: No
• Maximum leverage: 1:200
• Trade Room analysis: Tier 3

Platinum

• Minimum deposit: €50000+
• Dedicated senior account manager: Yes
• Bonus funds: Yes
• Lucrative spreads: Platinum Spreads
• Trading signals: Yes
• Maximum leverage: 1:300
• Trade Room analysis: Tier 2

VIP

• Minimum deposit: Invite only
• Dedicated senior account manager: Yes
• Bonus funds: Yes
• Lucrative spreads: VIP Spreads
• Trading signals: Yes
• Maximum leverage: 1:400

Trade Room analysis: Complete Access

Although the Silver account has no personalized analysis tools like Gold or Platinum, for self-sufficient traders, that doesn’t make a large difference. As such, the account is entirely fine to trade with. Gold and Platinum accounts have a good advantage when it comes to analytics, while VIP, understandably, comes with a ton of exclusive features. If you’re a large spender, AussieTrust is sure to treat you like a king.

Trading Conditions

The trading conditions, as we already mentioned, are excellent. Even the cheapest account type gives you enough benefits to match competitors, and if you’re a VIP, it blows most rival firms out of the water.

The leverages progress steadily as you upgrade account types, as well as the spreads. You get a few analytical tools as you advance, which is a nice incentive to upgrade your account but is not a necessity. At VIP, you get full access to webinars, trade room analysis, and access to VIP-only events that can be quite beneficial financially.

The security seems safe, so your money isn’t at risk, and there’s a ton of variety when it comes to assets. Namely, there are over 200 to pick from, ensuring there’s enough variety for everyone. Their custom platform makes trading easy, as you can get all the information you need at a glance.

Even as a fresh trader, AussieTrust provides an experience rivaled by few. We can only expect and look forward to them growing further in the future.

Trading Platform

You will be greeted by a bar on the left containing all your personal and financial information and tools, as well as your history. There, you’ll be able to modify your settings, information, deposits, or withdrawals, as well as follow current positions.

Next to that is the actual asset list, with buy and sell options next to each product. It’s neatly split into categories, with forex, commodities, crypto, stocks, and indices being separated. There’s quite a large selection, especially in the stock and forex categories, so take your time to look through it all.

In the middle of your screen, you will be able to look at charts for the instrument you’ve selected, and above that are some markers you can use at your leisure. Above that, you can see both the maintenance and initial margins, leverage, and trading hours. The platform does an astounding job of visually conveying what you need to do.

Unfortunately, there is no mobile version of the platform. However, the good news is that the platform is entirely web-based and doesn’t require any downloads to achieve full functionality.

Trading Products

The trading product variety at AussieTrust is incredible, you won’t regret trading with them. Their selection covers over 250 options, which is way more than numerous service providers that have been on the market for a decade or more. Here’s a slightly more detailed look into what they offer.

• Fifty currency pairs – CFD trading on currencies is one of the more popular ways to earn money via trading these days. There are fifty pairs to choose from, including EUR/USD, GBP/USD, GBP/AUD, and many others.
• Commodities – The commodities on the website include some precious metals and energy assets. You will see spot gold, platinum, crude oil, and brent/
• Digital currency/currency pairs – There is also a selection of crypto/currency pairs, which, while not as large as some crypto-specific brokers’, are still quite vast. The list contains LTC/USD, ETH/USD, XRP/USD, to name a few.
• Stocks and indices – It’s clear that AussieTrust paid a lot of attention to their share and index selection, as they make a large part of the firm’s entire offer. You will be able to trade on some ever-popular instruments, such as Apple, Alibaba, and Netflix stocks or UK 100, US 500, and Germany 30 indices.

Customer Service

The customer service at AussieTrust has specific work hours, unlike most companies that are either 24/5 or 24/7. The hours are Monday to Friday from 07:00-14:00 GMT for the chat and Monday to Friday from 09:00 – 13:00 GMT for the phone lines.

Although that might be inconvenient for some, it’s probably due to the fact that they haven’t had the time to expand their support team. In addition to their phone line and live chat, you can also send them an email.

• Australian phone number: +61-894-683564
• Email: support@aussietrust.com

Conclusion

AussieTrust is a broker that has accomplished a lot and has a long history of experience and success (ever since 1997). Although there are a few clear flaws in their game, their strengths do much to overpower that.

Their reputation is pristine, their accounts are fair, and their products are plentiful. The customer service team is quick to respond and are pleasant, and their trading platform is refreshingly innovative and functional.

The broker is the ultimate choice for the traders who are searching for experience, history, and top-notch service.

Reprinted from financebrokerage, the copyright all reserved by the original author.