A+ Trader HeadlinesTrading PlatformAssetsSpreads & FeesLeverageMobile AppsPayment MethodsDeals & PromotionsAccount TypesRegulationAdditional FeaturesBenefitsDrawbacksTrading HoursCustomer SupportSecurityA+ Trader VerdictFAQsAccepted CountriesAlternatives to A+ Trader
A+ Trader is an award-winning forex & CFD broker that aims to offer clients a safe and transparent platform for maximising profits. This comprehensive review delves into all aspects of the broker’s services, from trading tools and assets to security and regulation. Read on to find out whether A+ Trader is the right forex & CFD broker for you.
A+ Trader Headlines
A+ Trader is an established broker founded in London over a decade ago, specialising in forex trading services to retail clients. The company provides both foreign exchange and CFD trading services to clients across Europe and Asia, along with access to MT4 and swap-free accounts for Islamic traders.
Trading Platform
A+ Trader provides access to the world-leading MetaTrader 4 (MT4) platform. This software is highly regarded by the forex community, suitable for both beginner and expert traders. The platform offers a range of advanced analysis tools and automated trading functions and has been praised for both its speed and reliability.
The MT4 system boasts:
Trading signals
Multiple time frames
Customisation options
Excellent charting capabilities
Desktop and mobile platforms
Variety of analytical tools and indicators
Automated trading through expert advisors (EAs)
MetaTrader 4
Assets
A+ Trader’s supported assets are not very clear. The broker’s website suggests that its clients can trade with 30 currency pairs and a few indices CFDs. However, commodities assets are discussed elsewhere on the website and the broker has an account type called ‘A+ Stocks’, suggesting that these assets may be supported.
Spreads & Fees
Spreads advertised on the A+ Trader site start low, at 0.5 pips. However, actual spreads can be much higher. For example, the EUR/USD spread once an account has been opened sits around 2.4 pips, a whole pip higher than the industry average of 1.5 pips.
A+ Trader does not charge clients for outgoing withdrawals. Overnight financing fees may be applied to certain trading positions held when the market closes.
Leverage
A+ Trader offers margin trading opportunities for its clients, with a range of rates available for different account types. Maximum rates start at 1:200 for the Micro account and go as high as 1:1,000 for the Zero account.
Margin call levels are 48% and stop-outs are 20% across the board.
Trading with leverage should always be done so with caution and proper risk management. Without negative balance protection, you could lose more money than you initially deposited, so take care.
Mobile Apps
A+ Trader clients can access their accounts on their mobile devices through the MT4 mobile application. This app provides most of the functionality of the desktop and web-based versions of MT4, though not some of the charting functions and algorithm customisation options.
Nonetheless, the A+ Trader mobile platform can be downloaded for Apple (iOS) and Android (APK) devices and offers a range of timeframe, chart types, technical indicators, graphical objects, order types and account management options.
Payment Methods
Deposits
A+ Trader supports a range of deposit methods, including bank wire transfers, Visa and Mastercard debit and credit cards, PayPal and cryptocurrency transactions like Bitcoin, Ethereum, Tether and Dogecoin.
Minimum deposits depend on the account type being opened. The A+ Micro account requires $100, whereas the A+ Zero account needs $35,000. Deposits do not incur a fee with this broker.
Withdrawals
A+ Trader does not charge fees on withdrawals, offering a distinct advantage over some other brokers. Withdrawals can be transferred to your bank account, card or e-wallet, though must be done through the method used to make your deposit.
The A+ Trader withdrawal process usually takes 24 hours (or one business day).
Deals & Promotions
A+ Trader currently offers new clients up to five protected deals, depending on the type of account chosen. These deals prevent any real loss on the first however many positions opened by the client.
The broker also offers a range of other financial incentives, including a 100-150% deposit bonus and an emergency bonus of up to $3,000 (both depending on the account type chosen).
We recommend that you are always wary of financial incentives as they may have hidden charges or difficult terms regarding withdrawals. For example, some bonuses require a trading volume of several million dollars before they can be withdrawn.
Account Types
Customers of A+ Trader can choose from seven different account types, each with different trading strategies, experience levels and financial markets in mind. All options come with MT4 access, variable spreads, 0.01 lots minimum trade, a 48% margin call and four base currencies: USD, EUR, GBP, NGN
A+ Micro
Leverage: 1:200
Minimum Deposit: $100
Deposit Bonus: 100%
Emergency Bonus: $100
Protected Deals: 5
A+ Standard
Leverage: 1:200
Minimum Deposit: $999
Deposit Bonus: 100%
Emergency Bonus: $200
Protected Deals: 4
A+ Pro
Leverage: 1:300
Minimum Deposit: $3,500
Deposit Bonus: 150%
Emergency Bonus: $500
Protected Deals: 3
A+ VIP
Leverage: 1:400
Minimum Deposit: $10,000
Deposit Bonus: 150%
Emergency Bonus: $1,000
Protected Deals: 3
A+ Platinum
Leverage: 1:500
Minimum Deposit: $25,000
Deposit Bonus: 150%
Emergency Bonus: $2,000
Protected Deals: 2
A+ Zero
Leverage: 1:1,000
Minimum Deposit: $35,000
Deposit Bonus: 100%
Emergency Bonus: $2,500
Protected Deals: 2
A+ Stock
Leverage: 1:1,000
Minimum Deposit: $2,000
Deposit Bonus: 100%
Emergency Bonus: $3,000
Protected Deals: 2
Islamic swap-free accounts are also available, fully compliant with Shariah law.
Regulation
A+ Trader claims to be regulated by both the FCA in the UK and the FSA in St. Vincent and the Grenadines. However, there is no evidence that this is the case on either of the financial watchdogs’ websites. Moreover, the inclusion of financial incentives indicates that the broker is not regulated by the FCA (these are banned in the UK), suggesting the broker is being dishonest with this information.
Therefore, we would recommend that traders look for a regulated broker, which affords them financial and legal protection in the case of malpractice or insolvency. However, this is not to say the broker will scam you, it does still appear to offer valid trading opportunities.
Additional Features
Education
A+ Trader claims to offer a suite of educational content on forex and CFD trading from experienced consultants, including advice on strategies and ‘secrets for better earning’. Additionally, there are regular market insights provided free for all customers. However, there is no hint of these sections in the website sitemap.
Multi-Account Manager
The A+ Trader Multi Account Manager (MAM) software is designed for traders with more experience to manage a range of accounts at the same time, taking a cut of the overall profits. On the flip side, clients with less time or experience can use these to take the effort out of trading, leaving the heavy lifting to fund managers.
Benefits
MT4 access
Protected deals
Fast withdrawals
Generous bonuses
Great customer support
Extensive education content
Free deposits and withdrawals
Drawbacks
High spreads
No demo account
Questionable regulation
Inconsistent information on website
Trading Hours
A+ Trader clients can invest and trade at all times the markets are open. The forex market is open 24 hours a day, from 17:00 EST Sunday to 16:00 EST Friday.
Customer Support
The A+ Trader customer support team can be contacted by:
Email: info@aplustrader.com
Phone: +44 7561 769627
Alternatively, customers can fill out a feedback form, found in the ‘Contact Us’ section of the broker’s website.
Once an account has been registered, A+ Trader clients can contact the support team 24/7 via phone, email, Skype or Whatsapp.
Security
A+ Trader aims to provide its customers with a safe and secure trading environment. To improve security, client funds are held in segregated accounts and only top-tier international banks are used. A+ Trader also uses a high-security web portal to keep clients’ information private.
A+ Trader Verdict
A+ Trader is a forex broker with an average range of currency pairs and CFD assets, accessible through the industry-renowned MT4 platform. Moreover, the broker provides a range of educational content and supports MAM accounts for those with less time on their hands. Deposits and withdrawals are free and leverage rates are competitive, though minimum deposits are relatively high, with the lowest at $100.
FAQs
What Platforms Does A+ Trader Use?
With an A+ Trading account, clients have access to the MetaTrader 4 platform. MT4 is widely acknowledged to be one of the top trading platforms on the market thanks to its ease of use, impressive charting capabilities and large number of analytical tools available.
How Much Capital Do I Need To Trade With A+ Trader?
An A+ Micro account can be set up with as little as $100. To access accounts with higher leverages, suitable for experienced traders, a larger deposit is required.
Does A+ Trader Charge Deposit Or Withdrawal Fees?
No, A+ Trader does not charge its clients deposit or withdrawal fees.
What Support Is Available To A+ Trader Customers?
Trading support is available 24 hours a day, 5 days a week, during trading hours. Outside these hours, customer support is available, though specific trading help is not.
Is A+ Trader A Good Broker?
A+ Trader is a mixed bag, with relatively high minimum deposits and no regulation. However, clients can access the MT4 platform and trade both CFDs and foreign exchange. Moreover, the broker has attractive bonuses and a variety of educational content.
Accepted Countries
A+ Trader accepts traders from Australia, Thailand, Canada, United States, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.
Alternatives to A+ Trader
If you are looking for alternatives to A+ Trader we have compiled a list of the top 5 brokers that are similar to A+ Trader below. This list of brokers like A+ Trader is in order of similarity and only includes companies that accept traders from your location.
LQDFX – LQDFX offers online trading with multiple STP accounts and MT4 analysis tools.
Infinox – Infinox is a UK-based broker offering MT4 trading with tight spreads.
Avatrade – Leading forex and CFD broker regulated in Ireland, Australia, Canada and South Africa. Avatrade are particularly strong in integration, including MT4
Vantage – Reliable and affordable trading since 2009. Join over 900,000 others trading on 400+ CFD products over assets like forex, gold, indices, cryptocurrency and shares from 0.0 spreads through TradingView, MT4 or MT5. Vantage is ASIC regulated and client funds are segregated. Open an account in under 5 minutes.
UFX – UFX are forex trading specialists that also offer popular stocks, ETFs, indices, and commodities. Offering tight spreads and one of the best ranges of major and minor pairs, they are a great option for aspiring FX investors.