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Arotrade Review
Traders Rating12 Votes1.5
Website: https://www.arotrade.com
Address: 5 Cork street, Belize City, Belize
Phone: +35924374182 +27101092888 +60392125959 +77273122927 +74999716214 +6531388078 +41615881798 +6498012674
Company: SPEED SOLUTIONS and SPEED PA LTD
Company Address: 5 Cork street, Belize City, Belize and 28 Jawaharlal Neru Blvd. Silver Business Center, Office 24, 132 Sofia, Bulgaria
Regulation: Offshore (IFSC)
0.1
Arotrade Rating
Arotrade Warning
Financial Markets Authority (FMA) has issued a Warning against Arotrade. Your funds are not safe with this Offshore Broker. We are not going to recommend Arotrade.
Have You Been Scammed by Arotrade?

 

Full review about AroTrade Broker

 

Trading is getting quite popular. More people are starting to try trading. There are a huge number of brokers online that you can use for trading. And, it is easy to choose one from the list. However, something that you need to consider, is that not all the brokers are recommended and reliable. Therefore, you should make sure that you know as much as possible about a broker, before signing up with them.

AroTrade brokers are one of the traders that you can use for trading forex and CFD trading. Before you can just start using them, you need to make sure that you know exactly if they are reliable and recommended. This is the full review of Arotrade brokers.

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Info about Arotrade broker

 

AroTrade is known as forex and CFD brokers. They are situated in Belize. Making them offshore brokers. They are providing a valid address, and a couple of telephone numbers and email addresses.  They do offer a great number of cryptocurrencies for trading.

It is important to know what the address of brokers is, but this is also important to make sure that you know that the address is legit. But, don’t think that the address is the only thing that you should look at. There are other things that you should look at as well.

 

Registration and regulation information

 

It is important that you are careful here. AroTrade might be registered, but they are registered locally. Meaning that they are still an offshore service that isn’t registered internationally. There is no proof that the registration company is legit. If a broker is offering international services, they should be registered internationally. And, this is exactly what AroTrade isn’t offering.

Because they aren’t registered internationally, this means that they aren’t regulated as well. It is essential to know for sure that the broker that you are using is regulated. This is the only way to make sure that you are staying safe with trading.

 

Account and minimum required deposit information

 

This is something that many traders like. AroTrade is offering 5 different accounts. You can choose the one that will be the best of you and your trading needs. The accounts are known as basic, bronze, silver, gold, and platinum. These accounts are all offering different benefits, and different deposit amounts that you need to pay. You should make sure that you are choosing the right account.

The required deposit starts at $250 and is going up to $25000 for the platinum account. This is really high required deposits for a broker that you can’t really trust. Some reliable broker has required deposits as low as $50.

 

Great things about AroTrade Broker

 

There are a couple of great things about AroTrade as well. AroTrade is offering more than 1000 global assets to trade with. This is making the choice to use AroTrade easier because of the amount that you can trade with.

The other great thing about AroTrade is that they are offering a great number or payment options. All popular and trustworthy payment options are available when trading with AroTrade. Making it easier to start trading.

 

Don’t use the recommended platform

 

Something that is bothering us, is the platform that they are using. They don’t make use of any of the recommended and trustworthy platforms. This means that they are using a platform that you might not understand how to use, and you might not be able to get the same results as with a trustworthy platform.

Most brokers know that the recommended platform is the MT4 or the MT5 platform. And, this is something that AroTrade doesn’t offer.

 

Withdrawal fees

 

Under normal circumstances, there should not be any withdrawal fees when you are using brokers. This is because these brokers are looking for different ways to make money. And, most of the time, they are making it from the different fees like withdrawal fees that traders need to pay.

You should make sure that you are reading their terms and conditions carefully, in order to know that they don’t require fees like the withdrawal fees before you can get your money. This might make it harder to make a profit.

 

What regulators are saying about AroTrade

 

This is a serious question that you should ask yourself. What are the regulators saying about AroTrade? Do they recommend the brokers to all traders or not?

Because they aren’t internationally registered, they aren’t regulated as well. Meaning that there is no way that regulators can make sure that is trade is staying legit. There are a couple of warnings published by regulators that are saying that traders should rather stay away from AroTrade if they want to make use of a legitimate broker.

The conclusion is that AroTrade isn’t as reliable as what you might hope. There are so many irregularities, that it will be dangerous to make use of AroTrade. Not only do regulators warn about using this broker, but they are also saying that the required deposit and the withdrawal fees are making this a high risk to use.

 

 

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Online Trading Scams / 12 Responses / by

Post Author: ScamRecovery

12 thoughts on “Arotrade Review

  • Ronald J Sanssouci

    (May 15, 2019 - 8:47 pm)

    Scammed by Arotrade as posted

  • Gosego

    (May 17, 2019 - 6:29 am)

    Just Trash

  • Omid

    (May 25, 2019 - 9:10 am)

    As beginner just i was following my adviser’s recommendation, then what i found she was not caring at all on risk of trading compare with my balance, therefore always she used to call and request to add some amount to protect account !!!, finally i stopped adding money and i lost whatever i put it !!!

  • Lorraine

    (June 1, 2019 - 6:30 pm)

    Hi I did not no about this I was just trying to make money to support my family and arotrade as phoned me and made me deposit money and asked me to trade as they said and I lost all the money can I get it back

    • Proper Maswanganyi

      (June 4, 2019 - 10:11 pm)

      Arotrade scammed for about second month from now

  • Proper

    (June 4, 2019 - 10:07 pm)

    Arotrade broker is a scam when you deposit they can’t allow you to withdraw your earnings

  • Tin-tin

    (June 7, 2019 - 6:02 am)

    Big scam in my life, these trading is very annoying. They’ll trying to get your money in so many ways. They don’t stop calling 24/7. Please don’t waste your money with Arotrade.

  • Jens

    (June 20, 2019 - 6:24 am)

    I opened in April 2019 an online trading account with Arotrade. The Arotrade personnel was very friendly and well trained to manipulate people, like me. I am just a working class guy, earning money from real working, while Arotrade is working different, they just want to screw you.
    I started to do my own bids and I was successful, accepting profits of around 500 USD. Then I received a call from David Morgan, introducing himself as my Arotrade account manager and he give me some recommendations, which worked out at this time. Later, David Morgan recommended to place bids (mostly currencies) and they got stacked for weeks, as all of the currencies went the other way around. Later, David recommended to place bids into selling silver, but immediately after placing the bids, the problem started, the trading went completely the other was around for two bid (7,000 and 15,000 USD). I received call from Arotrade (different people, but using the same arguments) to add more investment, I did add some more money and then, I did not have more money, because I did not even wanted to put all my savings into risk, but I still did spent the money in the hope to save my investment. Arotrade did not provide any risk management consultation, because Arotrade is making their profit, if I loose or win, they don’t care at all. Arotrade could have saved at least part of my investment by performing risk management, but Arotrade did not care at all.
    I tried once to withdraw money at a time, where there was still money on my account, the Arotrade billing department informed me that they need first the approval from the Arotrade account manager and thereafter 3 to 4 business days more to process the withdrawal, Arotrade was aware that I am loosing and so, they delayed and later canceled my withdrawal request, another smart move.
    Arotrade used the tactics that in case the account manager could not achieve to get more investment from me, another Arotrade employee called me, to tell me that he/she is now the one to save me, but only asking for more investment.
    Based on Arotrade’s recommendations, I lost 80,000 USD last night.
    I hope that Arotrade’s employees are happy that they meet their company’s goal, that they received their bonus and that the destroyed another life. Well done and I hope that they are knowing how to make their money by srewing honest peoples, I hope what goes around comes around and that Arotrade personnel will experience this in their own life.
    Please, don’t use Arotrade in case you are earning your money in a honest way which means that you have to work for your money, Arotrade will just take it away from you.

  • Eke

    (June 20, 2019 - 6:06 pm)

    This is the biggest scam I have ever seen. The programmed everything the way they want it to go. Once they have all your money in, they will tell you to check the news that there was announcement in Britain or Trump said something and then all your money is gone. But I will fight them till the end. No one on earth should ever use them. Has anyone able to get their money back from them??

  • Bongiwe

    (July 2, 2019 - 2:37 pm)

    I need someone to help me to get my money back. I am scammed by Arotrade.

  • Kuriakose Mathew

    (July 4, 2019 - 9:23 pm)

    I am also victim of this scam. I deposited US$250/ on 26th June 2019. The Aro trade Account manger traded in Forex and Commodities(Lira and Silver) first five trade I got little profit (US$20 to $40/). After the next three trades washed away all my money. Out of last three trade one trade without my knowledge they trade. Every day I was getting 2 to 3 mail asking to deposit more money.

  • Frank

    (January 18, 2020 - 11:12 am)

    Horrendeous! Customer Service is NON-existent, NEVER replied to my emails and close the account without warning, and refuse to open/keep the demo open. I am a live account holder who needs continuous access to demo account but it keeps getting closed down. Instead of looking into my complaint, the rude chat bot-like customer ‘service’ agents keep closing down the chat. My request is not unreasonable, but I am met with pure hostility by any customer service agent. I was only able to recover some of the money lost through (Recoveryexperts0 at g m a i l Also, their knowledge is abhorrent. It’s impossible to get a quick answer to any simple question. Really painful experience, especially when I have open positions in my trading account and need a real answer. STAY AWAY!

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