Gemini vs AAATrade

Gemini or AAATrade – which is better for UK traders 2024? Compare Gemini and AAATrade in this detailed breakdown of their platforms, features and fees.

Gemini vs AAATrade Comparison Table 2024
Gemini AAATrade
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rating full
3.8
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rating full
3.5
Gemini is ranked #46 among crypto brokers. AAATrade is ranked #97 among CFD brokers.
Gemini is a cryptocurrency exchange set up in 2014 by the Winklevoss brothers, known for their early involvement in Facebook. The exchange is among the world’s 20 largest and most popular. Gemini clients can trade and stake 110+ cryptocurrencies, with derivatives trading available in some jurisdictions, an advanced proprietary platform and additional features including an NFT marketplace. AAATrade is a forex and CFD broker established in 2013 and regulated by CySEC. The STP broker offers tens of thousands of Stocks, ETFs, CFDs, securities and cryptocurrency products on the proprietary and MetaTrader platforms. Traders can benefit from standard retail accounts as well as portfolio management and advisory services.
Pros
  • The trading app features a user-friendly, modern design and intuitive interface, with an excellent range of charting tools for traders
  • The TradingView integration delivers top-quality tools, including backtesting and algo trading capabilities
  • The exchange ensures high security standards with 2FA a requirement for all crypto investors
  • Crypto perpetual futures are available in many jurisdictions with up to 1:100 leverage
  • There is a decent range of educational guides and tutorials suitable for beginners
  • I was glad to see commission-free trading available in the Novice account, though seasoned traders can also benefit from low commissions from 0.125% in the Experienced account
  • There's a good range of trading platforms, including the new AAATrader™ and MT5 mobile app. I particularly appreciated the broker's in-house crypto exchange platform
  • I feel assured the AAATrade is regulated by tier-1 authority, the CySEC and is also a member of the Investor Compensation Fund (ICF)
  • I like that there is no minimum deposit for both the Novice and Experienced Accounts, making the broker accessible for all traders
  • I was very impressed to find a $100,000 demo account available with free access to webinars and forex education
Cons
  • The exchange has a history of concerning incidents including the collapse of its Earn program and a phishing breach
  • The 'convenience fee' for using the mobile app seems arbitrary and makes it inefficient to use this feature
  • There are high fees for some funding methods including a 3.49% fee for card transactions
  • Some larger coins by market cap are not available to buy through Gemini
  • There is no practice profile or demo account for prospective traders
  • I'm a little disappointed that fees charged on deposits, which puts the broker behind most competitors offering free deposits
  • Crypto trading does not have the same protection or regulation as other markets, though this is industry standard
Awards
  • Best Cryptocurrency Exchange 2019 - Markets Choice Awards
  • Best Crypto Exchange Overall 2022 - The Ascent
FCA Regulated
Yes No

List of FCA Regulated Brokers

Instruments
Cryptos CFDs, Forex, Stocks, Cryptos
Demo Account
No Yes
Minimum Deposit
$0 $0
Payment Methods
Minimum Trade
0.00001 BTC $0
Regulator
NYDFS, MAS, FCA CySEC
Mobile Apps
iOS & Android Yes (iOS & Android)
iOS App Rating
rating empty
rating empty
Android App Rating
rating empty
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Margin Trading
No Yes
Margin Rate
1:200
MetaTrader 4
No No
MetaTrader 5
No Yes
cTrader
No No
AlgoTrader
Yes No
OmniTrader
No No
TradingView
Yes No
Autochartist
No No
eSignal
No No
Trading Central
No No
STP Account
No Yes
ECN Account
No Yes
DMA Account
No Yes
MAM Account
No Yes
PAMM Account
No Yes
LAMM Account
No Yes
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No Yes
Market Maker
No No
P2P Trading
No No
Spot Trading
No Yes
Auto Trading
Expert Advisors (EAs) on MetaTrader
Copy Trading
No No
Social Trading
No No
Trade Signals
Yes
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Islamic Account
No No
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • HKD
  • SGD
  • USD
  • EUR
  • GBP
CFD
During my tests, I found thousands of leveraged CFD products across forex, indices, commodities, stocks and cryptocurrencies. Commissions are competitive and I particularly enjoyed using all the free CFD trading resources available in the demo account.
Leverage
1:200
FTSE Spread
0.5
GBPUSD Spread<
0.00002
Oil Spread
0.10
Stocks Spread
Floating
Forex
AAATrade offers 80+ forex pairs, including majors and minors, which is a competitive range and more than most brokers I have reviewed. I was also able to take advantage of the broker's daily technical insights with chart analysis, as well as the live economic calendar.
Assets
10000+
GBPUSD Spread
0.00002
EURUSD Spread
0.00002
EURGBP Spread
0.00002
Cryptocurrency
Gemini offers a relatively small range of 110+ cryptocurrencies on its exchange, which is anchored by the native Gemini Dollar stablecoin, as well as perpetual swap derivatives. The powerful ActiveTrader platform is optimized for online trading, delivering a wide range of technical indicators and up to 7 time frames. I was impressed with AAATrade's range of 50 cryptocurrencies, including Bitcoin and Ethereum, which is more than most brokers I review. I was particularly glad to see a good mix of crypto-crypto pairs, as well as some crypto-fiat pairs against USD and EUR.
Spread
Transaction fee from $0.99 Floating
Coins
  • BTC
  • ETH
  • XRP
  • ADA
  • DOGE
  • DOT
  • BCH
  • LTC
  • UNI
  • LINK
  • FIL
  • XLM
  • WBTC
  • EOS
  • SOL
  • AAV
  • XTZ
  • ATOM
  • MKR
  • DAI
  • COMP
  • ZEC
  • ENJ
  • GRT
  • SNX
  • BAT
  • MANA
  • YFI
  • UMA
  • ZRX
  • OMG
  • BNT
  • REN
  • CRV
  • 1INCH
  • LRC
  • KNC
  • STORJ
  • GNT
  • SKL
  • SAND
  • BAL
  • NMR
  • KEEP
  • OXT
  • LOOM
  • PAXG
  • BRD
  • CSP
  • TBTC
  • WNXM
  • FXC
  • AMP
  • WTON
  • LUNA
  • BCH
  • BTC
  • EOS
  • ETC
  • ETH
  • LTC
  • USDT
  • DOGE
  • XLM
  • XRP
  • XTC
  • ZEC
  • ADA
  • ATOM
Crypto Lending
Yes No
Crypto Mining
No No
Crypto Staking
Yes No
Auto Market Maker
No Yes
Gemini AAATrade
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