Note: AIO Markets' official website: https://www.aiomarkets.net/ is currently inaccessible normally.
AIO Markets Information
AIO Markets was registered in Cyprus but its website is currently unavailable, leaving us uncertain about its operations status. Since there are very limited information over the Internet as well, we are not sure if the company already ceased business. Moreover, the absence of regulation further exacerbates its credibility and legality.
Is AIO Markets Legit?
The broker operates without any valid supervision from any regulatory authorities. It raises a question about its legitimacy and credibility because regulated brokers usually adhere to strict industry standards to protect customer funds.
Downsides of AIO Markets
Unavailable website: AIO Markets's website cannot be opened currently, preventing traders to get to know about its background.
Regulatory concerns: The company operates without any regulations, meanig that it does not comply to rules from any regulatory authorities. This heightens trading risks with them.
Lack of transparency: We can not find any info on trading conditions such as account details, spread, trading instruments, etc.
High minimum deposit: AIO Markets requires a high minimum deposit of $250, higher than industry average which will hinder beginners who usually start small first.
Accounts
The only information we can get from the Internet is that AIO Markets requires a minimum deposit of $250, which is a little higher comparing to trustable brokers who usually requires minimum investment under $100. Other key info like account types, spread, commission or leverage are not readily available, such situation leaves us confused about its trading conditions as well as traders.
Besides the above, the broker is also said to allow scalping, which indicates it might support forex trading. But this cannot be verified due to the inaccessible website.
Trading Platform
The broker claims to offer a web-based trading platform with an available app, but we are not sure what's the name of the platform and do not know what kind of functions the platform include.
Customer Support
AIO Markets offers contact windows via email, phone and business address. But we are not sure if these methods are reachable or not currently.
Conclusion
In summary, AIO Markets is not a recommended broker at all. Its operation without regulation implies less compliance to financial rules and unavailable website leaves no window for customer to know about the company. Furthermore, the lack of transparency on its line of services and trading conditions affects overall trading experience and trust in the platform. Therefore, staying far away from such possible scam brokers and turning to a regulated and reputable broker is a wiser choice.
