AETRAM

Aetram Trades (aetramtrades.in) presents itself as a financial services provider based in India, despite being registered in the United Arab Emirates. The firm claims a founding year of 2005, though its domain registration dates to August 2023. On its website, the broker focuses entirely on Indian securities market services—demat accounts, equity trading, and mutual fund investments—rather than the leveraged forex and CFD trading implied by its regulatory filings.

Our review found significant discrepancies between the known regulatory records and the broker’s public-facing operations. The official website makes no reference to forex, metals, or international stocks, and instead emphasises SEBI registration for stock brokerage. This raises questions about whether the UAE-registered entity is actively offering retail forex/CFD services or if those records belong to a different legal structure.

The known facts list Aetram as licensed by SEBI (India) and CMA (United Arab Emirates). However, SEBI does not issue a specific 'Forex Trading License'; it regulates securities markets, and the firm is registered as a stockbroker under SEBI. The CMA license details are unverified on the public register. The broker’s website claims it is 'SEBI Registered Stock Broker' and a member of NSE, BSE, and MCX, but no CMA mention appears on the site.

For traders seeking regulated forex or CFD services, this regulatory picture is murky. The Indian stockbroker registration does not cover leveraged forex trading, and the CMA license is not substantiated by independent sources. FXCanary’s Scam Risk Score of 28/100 reflects this lack of transparency and the conflicting information between what is filed and what is marketed.

According to the known facts, Aetram offers seven account types: Islamic, ECN Classic, ECN Professional, ECN Expert, ECN Standard, ECN Default, STP Classic, and STP Professional. Minimum deposits range from $250 (Islamic) to $25,000 (ECN and STP Professional), and maximum leverage reaches 1:500 on most accounts. However, the official website does not list these accounts or any trading conditions. Instead, it promotes a simple demat account for Indian equities.

This complete disconnect suggests that the account types may belong to a different brand or are not yet live on the site. Potential clients cannot verify spreads, commissions, or platform availability from the broker’s own marketing materials.

The known facts indicate that Aetram provides MetaTrader 4 and MetaTrader 5 platforms, with instruments including forex, metals, DMA futures, index CFDs, metal CFDs, energy CFDs, and international stocks. Again, the broker’s website makes no such claims; it discusses only equity and mutual fund investments. There is no MT4/MT5 download link or mention of CFDs.

If the broker does offer these instruments, they are being marketed through channels other than the primary domain. This lack of public documentation is a red flag for traders expecting a standard retail forex/CFD setup.

No funding or withdrawal methods are specified on the Aetram website. The known facts do not include payment options either. The account opening form on the site appears to be for Indian bank accounts and demat purposes, not for international forex deposits.

Without clear information on how to fund a trading account or withdraw profits, transparency is minimal. This absence is particularly concerning for a broker that lists high minimum deposits like $25,000.

Based on its website content, Aetram targets Indian retail investors interested in long-term equity investing and mutual funds. The partner program appeals to local financial advisors. In contrast, the known facts suggest a global audience for leveraged FX/CFD trading.

This split identity makes it difficult to determine the broker’s actual client base. International traders should be cautious, as the regulatory framework and service offering may not match their expectations.