Aiko Markets Review – Is Aikomarkets.com a Scam or a Good Broker?

Aiko Markets Fake Licence

Aiko Markets, an offshore broker managed by Aiko International Ltd (SVG) is located in Saint Vincent and the Grenadines.

The Forex trading is not regulated by the Financial Services Authority of SVG. The regulation of Aiko Markets is therefore fake. Contrary to what the broker stated in the T&C section, there is no governing law.

We recommend that you do not trust this unregulated broker. Instead, we recommend that you work with licensed providers. All EEA financial watchdogs have implemented heavy regulations in the European Securities and Markets Authority (ESMA).

Europeans should trade with brokers that are licensed by regulators like the FCA, BaFin and CONSOB. However, US Forex brokers must be registered with NFA or CFTC.

Aiko Markets, an unlicensed offshore broker based in Saint Vincent and Grenadines, is called Aiko Markets. Since August 2020, the shady broker offered services to traders from the USA, Venezuela, Argentina and Chile.

Aiko Markets Reviews – Traders’ Experience

Aiko Markets doesn’t seem to satisfy traders. There are a few complaints about the broker that we found. Many complain about withdrawal problems and high commissions.

The demo account provided by AIKO Markets can be tried, but it is not recommended to open a real account. The trading conditions are not comparable to other regulated brokers at all, and the commission is too high!

WikiFX user, February 20, 2023.

Choose only trustworthy and reliable brokers. You can read about the best ones in our article Best online brokers in 2023.

Aiko Markets Trading Platform

MetaTrader 4 is available from Aiko Markets. The broker made available a desktop, MAC, Android, and iOS version of MT4 on its website. A web-based version is also available.

MT4 is great, but Aiko Markets is not regulated. This is something that even a well-known platform like MT4 can’t compensate for.

Aiko Markets Trading Assets

According to Aiko Markets’ website, the broker offers the following trading assets:

• Forex pairs: EUR/USD, GBP/CHF, AUD/NZD…
• Indices: UK100, FRA40, JPN225…
• Commodities: gold, crude oil, copper…
• Stocks: Intel, Volkswagen, Adidas, Apple…

Every day new scam brokers and trading bots appear on the web with only one goal – to steal your money. We have already exposed some of them, for example – RightFX, Trade Genics, CED Capital Limited.

Aiko Markets’ Trading Accounts Comparison

Aiko Markets offers three different live account types:

• Scalp: min. deposit of 10 $ / raw spread of 1 pip / 14 $ commission / FX, gold & silver only;
• Elite: 25,000$ / highest spread from 2.5 pips / 10 $ commission / all instruments available;
• True ECN: highest spread from 2.5 pips / 7 $ commission / all instruments available.

The True ECN account minimum deposit was not disclosed. All accounts have the same leverage limit – 1:500. This is a high-risk investment.

Although you could make a lot of money, excessive leverage can lead to huge losses. This is why the legal limits of 1:30 in Europe and 1:50 US are set by ESMA.

Aiko Markets: Video

You can also write a comment under the video on our YouTube channel to tell other traders about your experience. But if you’ve already been a victim, contact us for a free consultation by filling out the form at the top of the page.
Below you will find a short video about Aiko Markets. Watch it so you don’t miss anything important. In a few minutes you’ll learn the whole truth about Aiko Markets!