AEX Fees and Minimum Deposit - TU Expert review
After considering a crypto exchange’s security, examining its fees is the next crucial step. Lower fees translate to higher potential profits. Newcomers to crypto trading may also want to consider the minimum deposit required to start trading, as they might prefer to begin with a smaller investment.
Traders Union analysts have assessed AEX fees and minimum deposit requirements to help prospective crypto traders make informed decisions.
Short introduction of AEX
AEX Exchange, a cryptocurrency project launched by AEX Group Ltd in 2017 and operating outside the United Kingdom, has been identified as a scam. By 2021, the situation deteriorated as the company began delaying client withdrawals without explanation, leading to widespread dissatisfaction and online concerns.
Many reviews have confirmed fraudulent activities on the platform. Clients reported being unable to access their funds and receiving inadequate support from the service. Some analysts and cryptocurrency experts have labeled AEX a scam broker, highlighting the risk of financial loss for anyone using this platform.
Consequently, AEX has lost the trust of the crypto community and is now widely regarded as an example of poor business practices in this rapidly evolving and highly competitive industry.
Due to these issues, AEX Exchange has been blacklisted for 2024.
👍 Advantages of trading with AEX:
•The original idea was to organize trading platforms for beginners and professional traders.
•Investment products for any category of traders and investors.
•Large selection of cryptocurrencies. According to this criterion, the exchange is in the top 20 ranking of CEX platforms with the largest listing.
•High level of security. For more than 9 years of operation, the exchange has practically not been subjected to serious attacks and hacks. There is no information on the network that users lost money through the fault of the exchange.
•Several options for referral and bonus programs.
•The possibility to trade and withdraw money within restricted limits without verification.
•Proprietary cold wallet for long-term investment.
👎 Disadvantages of AEX:
•Absence of leverage. Alternatively, a lending platform can be used.
•Market average commission. The exchange does not seek to attract investors with low commissions, relying on the development of products.
•Payment methods include bank transfers and bank payment systems. There is no information about electronic systems.
AEX Commissions and Fees
The experts at the Traders Union analyzed the trading conditions of the AEX Exchange and compared commissions with similar conditions of its competitors. For comparison, the average commission for cryptocurrencies from the top 30 in terms of capitalization was taken as a basis. For a taker, it ranges from 0% to 0.06%, and for a maker, its from 0.1% to 0.16%. The exchange also offers a flexible tariff scale for withdrawing money, and the amount of the commission is tied to each cryptocurrency.
| Account type | Spread (minimum value) | Withdrawal commission |
| Single, client | from 0.1% | Yes |
A broker is an intermediary between a trader and an exchange. Therefore, brokers charge fees for their services. The fees may have different structure.
There are the following fees in the Crypto market:
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Spread – the difference between the buy and the sell price of an asset.
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Commission per lot.
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Commission per trade.
Broker fees may differ depending on the trading account type. For example, on some accounts spread is used as a trading fee, and on others – commission per lot.
Why is it important to consider the minimum deposit at a cryptocurrency exchange?
Accessibility: The minimum deposit helps traders determine if they can afford to start trading on an exchange.
Risk Management: Exchange-set minimum deposits ensure traders have sufficient funds to cover potential losses and fees, preventing financial overextension.
Platform Suitability: The minimum deposit amount can be an indicator of the exchange’s target audience and trading volume, aiding traders in selecting a platform aligned with their goals.
Cost Considerations: Assessing minimum deposit requirements helps traders account for trading expenses.
Are the fees and minimum deposit requirements at AEX suitable for beginners?
Analysis of AEX shows that the broker has a rather high minimum deposit. It could pose a problem for traders, who are only starting their path in trading. Nevertheless, the fees are low. Therefore, the broker will be a good choice for professional traders.
FAQs
What are non-trading fees?
Non-trading fees are the fees charged outside the trading process, for example deposit and withdrawal fee, inactivity fee, etc.
Can the level of the fees change if different accounts imply the use of different platforms?
Yes. Some brokers offer different trading platforms on different types of trading accounts. In this case, the size of the fee may change.
If the fees are low, how does a broker make money?
As a rule, brokers with low fees earn on the fees thanks to high trading volume and also non-trading fees.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.