AEEST (aeestgroup.com) is a Contract for Difference (CFD) broker, with its domain registered on September 1, 2024. The broker primarily offers investment services in trading markets such as forex, precious metals, crude oil, indices, and cryptocurrencies, but it does not provide services to countries and regions where it may violate local laws or regulations.
Company Registration Information and Regulatory Status
According to information available on the AEEST (aeestgroup.com) website, the company headquarters is located at 1430 Stout St, Denver, Colorado, United States, and it is listed as one of the top 50 financial services companies in the USA. However, the broker's website does not disclose further details about the company's registration or regulatory status. Moreover, the website lacks comprehensive service terms and has insufficient legal documents such as privacy policies, risk warnings, and disclaimers.
Upon investigation, no registration records for a company named "AEEST" were found on the official websites of the Financial Industry Regulatory Authority (FINRA) or the U.S. Securities and Exchange Commission (SEC).
Additionally, it was discovered during the investigation that AEEST (aeestgroup.com) shares the same website design and content as other fraudulent brokers such as XM Defi, moneynetint.pro, Lenmax, ATF Trade Limited, CYOWV, and aaaxmpro.
Trading Instruments
AEEST offers trading in various financial derivatives, including forex, precious metals, crude oil, indices, and cryptocurrencies.
- Forex: The forex market is the largest financial market in the world, trading in currency pairs from different countries. Investors profit by predicting exchange rate changes between currencies, with the most active pairs being EUR/USD and USD/JPY.
- Precious Metals: Precious metals like gold and silver are considered safe-haven assets. Investors often buy them during high market volatility. Their prices are influenced by supply and demand, inflation, and geopolitical factors.
- Crude Oil: Crude oil is a key commodity in the global energy market, with WTI and Brent being the main futures contracts traded. Oil prices are usually affected by global economic growth, supply chain issues, and OPEC policies.
- Indices: Indices such as the S&P 500, the Dow Jones Industrial Average, and the Nikkei 225 represent the performance of a group of company stocks. Trading indices allows investors to engage in the overall market movements with a single investment portfolio.
- Cryptocurrencies: Cryptocurrencies like Bitcoin and Ethereum have recently become popular investment assets. Due to significant market volatility, their prices are influenced by regulatory developments, market demand, and technological innovations.
Account Opening and Types
Attempts to open an account via the AEEST website were unsuccessful, as the account opening portal could not be accessed.
The aeestgroup.com site provides limited account information such as spreads, trading leverage, and contract sizes. However, crucial trading details like account types, trading commissions, minimum/maximum trade sizes, maximum positions/orders, margin call/stop-out levels, and minimum price precision are not clearly outlined.
- Base Currency: USD
- Spreads: Floating spreads from 1 pip
- Trading Leverage: 1:100
- Contract Size: 1 lot = 100,000 units of currency
Trading Platform
AEEST claims to offer a trading platform called ST5, available only for web and mobile use. It is said to include over 50 technical indicators and intraday analysis tools suitable for advanced traders. However, when users clicked on the mobile download link from the official website, the app downloaded from the App Store was labeled "Sdcfskdvt", and from Google Play, it was "Sncowete".
Deposits and Withdrawals
AEEST does not clearly specify the supported deposit and withdrawal methods, related fees, or minimum deposit and withdrawal amounts on its website.
Conclusion
Traderknows advises investors that AEEST (aeestgroup.com) is essentially a fraudulent website lacking substantial company presence and regulatory status. The contact options provided are also very limited, only allowing email communication. Investors are encouraged to select transparent, well-regulated, and reputable brokers for their trading activities to avoid unnecessary financial losses.
