Aries positions itself as a commission-free trading platform for retail traders as it takes on Robinhood et al.
Aries, a trading platform built “by retail investors for retail investors” has expanded into more than 120 countries including the United States and the United Kingdom as traders increasingly look to gain exposure to stocks, options, ETFs, and cryptocurrencies.
The Detroit-headquartered commission-free brokerage is now available as an in-browser web trading platform after being accessible on mobile, Android and iOS, since June 29, 2021.
“For the first time, investors in the U.K. can buy and sell options commission-free,” said Aries chief executive officer Reda Falih. “Our commission-free trading platform is available in almost every country. And, even in the U.S. soon we’ll be offering high-end data solutions such as tools to detect market-wide trading abnormality or large options and equities orders and will be the first to offer tools like these at no charge.”
Reda Falih, Chief Executive Officer at Aries, commented: “For the first time, investors in the U.K. can buy and sell options commission-free. Our commission-free trading platform is available in almost every country. And, even in the U.S. soon we’ll be offering high-end data solutions such as tools to detect market-wide trading abnormality or large options and equities orders and will be the first to offer tools like these at no charge.”
“Each screen is designed with simplicity in mind. The learning curve is practically nonexistent. The platform scales from a line graph and a buy button to 300 indicators, unusual volume tools, and many more premium data tools that have never been free. Give the power to the people, and watch what’s possible.
“The main allure of our trading platform that nobody else is offering has been our free advanced charting and options flow tools. The end goal is to give users access to the same data as the large funds, level the playing field”, the 21-year-old investor and entrepreneur explained.
Reda Falih started learning about investing at 13, became an active trader and wrote a popular investment blog with 60,000 subscribers in 2016.
“That’s when I realized there were lots of investors besides me frustrated with using a popular commission-free platform at the time. All I heard every single day was how much people hated this platform with poor execution and having to pay hundreds of dollars for extra tools.
The entrepreneur then decided to build his own no-commission platform, with better tools and services and with great customer service and execution. To accomplish that, he partnered with chief operating officer Pash O’Connor, a top-of-class developer.
“Each screen is designed with simplicity in mind. The learning curve is practically nonexistent. The platform scales from a line graph and a buy button to 300 indictors, unusual volume tools, and many more premium data tools that have never been free. Give the power to the people, and watch what’s possible.”
The team is dedicated to strong customer service and premier access to the stock market. Because the team is small and Agile-focused, it has the freedom to focus entirely on its end-user product. Aries is also dedicated to helping millions of global investors with a suite of tools to help them reach their trading goals.
“We have been growing rapidly, it’s been working well for us, and it seems that people like what we’re trying to do. You can start investing commission-free on the Aries website,” said Falih.
Aries offers free real-time trades, stock movement explanations, and educational materials, as well as research and technical analysis tools free of charge. TradeStation routes and executes orders.
The partnership with TradeStation was announced last year and covers high-quality data and the U.S. markets through a variety of asset classes, such as traditional stocks, options, ETFs, futures, and soon to come IPOs, and crypto.
