Is Aron Groups Scam or Legit Broker?

No, Aron Groups cannot be considered a trustworthy broker due to its absence of a top-tier license from a prominent regulatory body. The firm operates under Aron Markets LTD and is registered in the Marshall Islands. However, the jurisdiction does not provide a high level of regulatory oversight and protection.

  • Brokers operating under the Marshall Islands often offer favorable trading conditions; yet, they lack strict regulatory oversight and protection. This is the reason why brokers under this jurisdiction often turn out to be involved in financial frauds or scams. Only top-tier regulatory authorities, such as ASIC, CySEC, and FCA, provide a high level of protection and stringent guidelines to follow.

About Aron Groups
🏢 Registered inThe Marshalls Islands
🗺️ Type of LicenseOffshore
🛡️ Is Aron Groups safe to trade?No
🗺️ Recommended LicensesFCA in the UK 🇬🇧 and ASIC in Australia 🇦🇺
🖥 Alternative BrokerFP Markets - licensed by ASIC in Australia

What is Aron Groups?

Aron Group presents a diverse range of trading assets and instruments, including over 100 forex currency pairs, CFDs, precious metals like gold and silver, commodities such as oil, indices, stocks, BTC, and various other cryptocurrencies. The broker also gives access to trading strategies such as Copy and Social trading. 

 With flexible spreads, substantial leverage of up to 1:1000, and a minimum deposit requirement of just $1 Aron Groups seems like a good broker for investment. However, upon closer research, we were able to reveal certain issues that should be considered:

  • Lack of serious registration: Aron Groups is registered in the Republic of the Marshall Islands, under license number 118046. It is a well-established fact that the Marshall Islands, being an offshore jurisdiction, lacks adequate oversight and regulatory guidelines. Consequently, Aron Groups and other brokers registered in this jurisdiction (1PrimeOptions is another offshore broker with a license from the Marshall Islands)  may not be the optimal choice for financial investments. 
  • Negative Reviews: When choosing a broker for investments, traders are always recommended to consider feedback and reviews from other traders. Reviews on Aron Trade are not always positive. Nevertheless, the broker is relatively new and it is understandable that it does not have a great amount of feedback yet. 
  • Withdrawal issues:  One of the main issues traders warn is problems with the withdrawal process. There are reported cases when clients were unable to withdraw their investments and profits. 
  • Summing up the negative points, we strongly recommend traders engage only with reliable and fully licensed brokers, with good standing in the market and favorable features.

Overall Aron Groups Ranking

After thorough research, we revealed significant concerns regarding Aron Groups reliability and its adherence to regulatory norms. Consequently, we cannot assign a favorable ranking to Aron Groups.

  • Aron Groups Overall Ranking is 3 out of 10 based on our testing and compared to 500 other brokers. See Our Ranking below compared to other popular and industry-leading Brokers.
RankingAron GroupsFP MarketsFXGT
Our Ranking⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐
Is Broker safe? NoYesYes
AdvantagesNoneTrading PlatformsTrading Instruments

Aron Groups Alternative Brokers

Based on the concerns regarding Aron Groups reliability and security, we strongly advise traders to explore alternative options that offer stricter regulations and improved trading conditions. Below, is a list of reputable brokers that offer trustworthy choices and a secure trading environment for consideration:

  • EXT – Competitive Trading Conditions
  • AximTrade – Low Pricing
  • CMC Markets – Wide Range of Trading Instruments

Deposits and Withdrawals

Aron Groups offers a variety of funding methods, including Bank transfers, Mastercard, PerfectMoney, WebMoney, TopChange, Payeer, PayPal, etc. Traders can make deposits via  Tether, Bitcoin, ETH, Bitcoin cash, LiteCoin, Ripple, Dogecoin, Zcash, Dash, Binance USD, USD coin, DAI, PAX, TrueUSD, and more.

  • With the broker, the minimum deposit varies based on the funding method. For instance, for bank transfers, the minimum deposit is $100, whereas, for cryptocurrencies, it starts from $10
  • Withdrawal amounts for different methods are different, too. Withdrawal through bank transfer is allowed from 100 to 2,000 U.S Dollars.
  • Remember that a seamless withdrawal process is an important part of forex trading. Offshore brokers are often not very reliable in this respect. 

Account Types

Aron Groups offers different trading accounts that meet different trading needs: Nano ( Islamic Account ), Standard (ECN), Swap Free (ECN), and Vip (ECN). Each account type is tailored for special trading expectations.

  • Nano accounts are for clients with low budgets. The minimum deposit for Nano accounts is $1.
  • Standard and Swap accounts are more suitable for professional traders, offering leverage of 1:500, tight spreads, and deposits starting from $50.
  • The VIP (ECN) account is well-suited for traders who plan to hold their positions longer. It offers a low-margin call level and the potential for higher profitability.

Aron Groups Review Conclusion

Considering the information we have gathered regarding Aron Groups, there are significant reservations about the broker’s reliability and trustworthiness. Although the broker has quite attractive features and offerings, its registration in an offshore jurisdiction (The Marshall Islands) raises substantial doubts. Signing with an offshore broker might risk traders’ investments and profits.

This is the reason why we recommend signing with a trustworthy broker that holds licenses from reputable authorities such as FCAASIC, or CySEC. Some of the great options clients can consider while choosing a broker are but are not limited to BlackBull Markets, HFM, and Eightcap.

  • Overall ranking and experience for Aron Groups is Negative

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