AIMSCAP
Pros and Cons
Pros
- Regulated by the Australian Securities and Investments Commission (ASIC)
- Diverse range of trading instruments including Forex, commodities, indices, and stocks
- Supports popular trading platform MT4
- Commission-free trading on all account types
- Minimum deposit requirement of only $50
Cons
- Expired SERC license in Cambodia raises regulatory concerns
- Limited cryptocurrency trading options
- Only two types of trading accounts available
- Withdrawal processing times can be lengthy (1–5 days)
- No educational resources or market analysis tools provided
Basic Information
User Reviews
AIMSCAP Overview
AIMSCAP, officially known as Auric International Markets (Cambodia) Co. Ltd, is a forex broker established in Cambodia and has been operating for 5 to 10 years. The broker is regulated by the Australian Securities and Investments Commission (ASIC), holding a Market Maker License. This regulatory oversight underlines AIMSCAP’s commitment to maintaining a level of trust and integrity in its operations, which is crucial for traders looking for a reliable brokerage partner in the forex market.
Is AIMSCAP Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| Australian Securities and Investments Commission (ASIC) | Australia | Market Maker License |
| SERC | Cambodia | Expired License |
Is AIMSCAP Regulated and How Are Client Funds Protected?
AIMSCAP, officially known as Auric International Markets (Cambodia) Co. Ltd, is regulated by the Australian Securities and Investments Commission (ASIC). This regulatory oversight signifies that AIMSCAP operates under the principles of transparency and investor protection, which are essential for building trust among traders. Additionally, the broker holds a Market Maker License, which is indicative of its compliance with the regulatory framework in Australia.
While AIMSCAP also claims to have a license from the SERC in Cambodia, it is important to note that this license has expired, which raises concerns regarding the regulatory status in that region. Client funds may be protected under the mechanisms provided by ASIC; however, the expired SERC license may limit additional protections that could have been applicable. Overall, AIMSCAP’s regulatory status under ASIC contributes to its characterization as a legit and regulated broker, though the expired SERC license necessitates caution for potential clients considering trading with this broker.
Trading Products and Services
What trading instruments does AIMSCAP offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | EUR/USD, GBP/JPY, Major & Minor Pairs | Multiple |
| Commodities | Gold, Silver, Crude Oil | Multiple |
| Indices | S&P 500, NASDAQ, FTSE 100 | Multiple |
| Stocks | US (e.g. Apple, Tesla), UK (e.g. BP, Vodafone) | Multiple |
| Cryptocurrencies | BTC, ETH | Not available |
AIMSCAP provides a diverse range of trading instruments that cater to various types of traders, including those interested in forex, commodities, indices, and stocks. This variety allows traders to implement flexible strategies and diversify their portfolios effectively. For beginners, the opportunity to explore multiple asset categories can enhance their learning experience, while experienced traders can leverage the extensive options to refine their trading tactics. Overall, AIMSCAP’s offerings support a wide array of trading preferences, making it a valuable platform for market participants seeking both variety and reliability in their trading endeavors.
Account Types and Trading Conditions
What Account Types and Fees Does AIMSCAP Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Standard Account | Beginners and general traders | No commission on trades | Minimum deposit of $50 required |
| MAM Account | Money managers and experienced traders | Designed for managing multiple accounts | Requires proof of management capability |
| Demo Account | New traders | Practice trading in real-time market conditions | Available for all users to familiarize with the platform |
Account Opening Process
To open an account with AIMSCAP, traders must complete several steps. Initially, users will need to provide personal information, including their name, address, and contact details. Following this, employment and financial information must be submitted, which helps the broker understand the user’s trading profile. Identity verification is also required, necessitating a government-issued ID and proof of address to ensure compliance with regulatory standards. Once the account is set up, users have the flexibility to upgrade to a professional account or switch between account types as their trading needs evolve.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (Major Pairs) | From 2 | $0 | No commission on trades |
| Forex (Minor Pairs) | From 2 | $0 | No commission on trades |
| CFDs (Stocks) | Varies | $0 | Commission-free trading |
| CFDs (Indices) | Varies | $0 | Commission-free trading |
| CFDs (Commodities) | Varies | $0 | Commission-free trading |
| Cryptocurrencies | N/A | N/A | No trading available |
Other Fees
Traders may encounter several other fees while using AIMSCAP. These include deposit and withdrawal fees, although AIMSCAP does not charge fees for these transactions. Inactivity fees may apply if accounts remain dormant for extended periods. Additionally, platform usage fees are not specified, and overnight interest (swap rates) may apply depending on the positions held overnight. Currency conversion fees may also be applicable for transactions involving different currencies.
Trading Platforms and Apps
What Trading Platforms and Apps Does AIMSCAP Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MT4 | Windows, macOS, iOS, Android | 2FA, symbol lookup, multiple order types, price alerts, technical indicators | Demo account available |
| Web Version | All browsers | Encrypted login, quick order execution, market alerts | No additional services |
| Mobile App | iOS, Android | Biometric login, push notifications, market search tools | Demo account available |
AIMSCAP offers a range of trading platforms to suit different trading preferences. The MT4 platform is suitable for both novice and experienced traders, providing essential features for effective trading. The web version allows for easy access from any device with internet capability, ensuring flexibility. The mobile app enhances convenience, enabling traders to manage their accounts on the go with secure login options and real-time alerts. AIMSCAP’s platforms emphasize security and efficiency, supporting traders in achieving their goals in a dynamic market environment.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Bank Transfer | 3–5 days | No platform fee | Min $50, Max $10,000/day | USD, AUD, KHR |
| E-Wallets (e.g., PayPal) | Instant | No platform fee, 1.5% charge | Min $50, Max $20,000/day | USD, AUD |
| Credit/Debit Card | 1–3 days | No platform fee | Min $50, Max $5,000/day | USD, AUD |
Minimum Deposit
AIMSCAP requires a minimum deposit of $50 to open an account. This minimum amount applies uniformly across all payment methods and account types, providing accessibility for new traders entering the forex market.
How to Withdraw
- Log in to your AIMSCAP account.
- Navigate to the ‘Withdrawal’ section.
- Select your preferred withdrawal method.
- Enter the amount you wish to withdraw and any required details.
- Submit your withdrawal request.
- Monitor your transaction status in the account dashboard.
Customer Support
AIMSCAP Customer Support Overview
Support Channels
AIMSCAP offers multiple avenues for customer support, allowing traders to seek assistance through various channels. Traders can reach out via email at cs@aimscap.com. Additionally, AIMSCAP provides live chat options on their website for immediate help. For those who prefer speaking directly, telephone support is also available. Furthermore, AIMSCAP maintains an active presence on social media platforms like Facebook and Instagram, offering another way for customers to connect and receive support.
Service Availability
The customer support services at AIMSCAP are designed to cater to the needs of traders, with support available 24/5. This means that traders can access help from Monday to Friday. AIMSCAP’s support team is multilingual, providing assistance in several languages to accommodate a diverse customer base.
Frequently Asked Questions
AIMSCAP is regulated by the Australian Securities and Investments Commission (ASIC), which ensures compliance with strict regulatory standards and provides protection for client funds. The broker holds a Market Maker License under ASIC, contributing to a level of trust and integrity in its operations. However, it is important to note that its license from the SERC in Cambodia has expired, which may limit additional protections.
AIMSCAP offers a variety of trading instruments, including Forex pairs, commodities like gold and silver, indices such as the S&P 500 and NASDAQ, as well as stocks from major markets. This diverse range allows traders to implement various strategies and diversify their portfolios effectively.
AIMSCAP offers several account types, including a Standard Account for beginners, a MAM Account for money managers, and a Demo Account for practice. All accounts feature commission-free trading. However, spreads apply depending on the asset being traded, and additional fees such as inactivity fees may apply if accounts remain dormant for extended periods.
AIMSCAP provides multiple channels for customer support, including email at cs@aimscap.com, a live chat option on their website, and telephone support. Additionally, AIMSCAP is active on social media platforms such as Facebook and Instagram, allowing traders to connect for assistance. Customer support is available 24/5, catering to a diverse customer base.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.