Aleos Information
Aleos is a regulated brokerage company registered in Australia. This firm provides a swath of investment options with its proprietary mobile and online platforms. Aleos provides a free demo account and 24/7 customer support. However, the phone support option is absent and there is no information about trading fees for indices, commodities, stocks, and ETFs on its website.
Pros and Cons
Is Aleos Legit?
Aleos is authorized and regulated by the Securities & Investment Commission (ASIC) in Australia, with registration number 001303448.
What Can I Trade on Aleos?
Variety is a good thing for building a diversified portfolio. Having a mix of different investments can help with managing risk. When the stocks in your portfolio aren't doing so well, for example, your cryptocurrencies might help give your portfolio a boost. With Aleos, you can make a diversified portfolio with 5000+ instruments in 5 asset classes, including forex, indices, commodities, stocks, and ETFs.
There's no cryptocurrency trading or bond trading. But overall, you still have a good mix of investment options.
Managed portfolios take some of the guesswork out of investing. Investment experts put together a portfolio for you. Then they manage it so you can take more of a hands-off approach. With Aleos, you can take your pick from a variety of over 65 Smart Portfolios, spanning a range of market themes, trends, and industries. These Smart Portfolios are commission-free, but you need at least $1,000 for the initial investment.
Account Types
It's not unusual for online brokerages to offer different account tiers. The upside of tiered accounts is that you might pay less in fees the more you invest. Aleos doesn't tier its brokerage accounts. It provides one live trading account and a free demo account. In a way, that's a good thing. Because it means you're not penalized when it comes to fees. So if you're a beginning investor without a lot of money to get started, Aleos could be your starting point.
Aleos Fees
Investment fees can detract from your returns. Every brokerage is different when it comes to fees, though many of them have moved toward commission-free trading. Aleos boasts of its trading conditions. This firm provides a spread from 0.0 pips and its maximum leverage is up to 1:100. You can enjoy its smart portfolio services with no commission fee. However, there is no other information about trading fees available on its website.
Trading Platform
Aleos provides its proprietary trading platform, including mobile app and WebTrader. The mobile app is available for both IOS and Android devices. You can also log in to their website to use its web-based application. You can use these platforms to manage your trading account, switch live and demo accounts, and manage funds.
Aleos boasts of its user-friendly interface and advanced features. Trading tools like daily reports, chart features, and signal center are available with its platforms.
However, popular platforms like MT5 and MT4 are not available here.
Customer Support Options
For any question you might have, help is available 24/7 by email (support@paleodirectory.com) or telegram/WhatsApp. You can also hit a button on an online message box. There is no customer support phone number listed on the website. That could be an inconvenience if you prefer immediate contact by mobile phone.
The Bottom Line
Aleos makes building a diversified portfolio easier with its wide selection of investment options. And the smart portfolio options might be appealing if you prefer a simplified approach. However, you need to keep a close eye on fees because there is not much information provided on its website. Before choosing a brokerage, remember to consider costs and the range of investment choices available.
FAQs
Is Aleos a regulated brokerage?
Yes, Aleos is regulated by the Securities & Investment Commission (ASIC) in Australia, with registration number 001303448.
Is Aleos good for beginners?
Yes, Aleos provides beginning investors with over 5000 instruments and managed portfolio options.
What account types does Aleos have?
Aleos offers one live trading account and a demo account.
Risk Warning
Online trading involves considerable risk, so it may not be suitable for everyone.
