AEEST has been flagged by Financial Markets Authority for "Unregistered/Unlicensed entity offering financial products or services|Market...". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
I have been trying to close my account with AEEST for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.
Pros: High security standards|Easy withdrawals|Smooth onboarding|Instant funding
Cons: Nothing significant
I lost a significant amount because AEEST did not execute my stop loss during a flash crash. They said the market was illiquid. Other brokers managed to execute. I have no proof they did not trade against me. Avoid.
Pros: Easy to use platform|No hidden fees
Cons: None so far|Withdrawal takes 1-2 business days
I wanted to transfer my portfolio from another broker to AEEST. They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: High security standards|Demo account available
Cons: Live chat only during business hours