Brief information Aries
The international brokerage company Aries is an American stockbroker providing self-directed investment services. The platform is operated by Aries Financial, Inc., with brokerage services provided through its wholly owned subsidiary, RAM Financial LLC.
The company states that RAM Financial LLC, operating as Aries, is an SEC-registered broker-dealer and a member of FINRA and SIPC. Securities accounts are carried by Apex Clearing Corporation, also a member of FINRA and SIPC. The foundation date is not specified on the website.
The company manages several websites:
aries.com;
app.aries.com;
tradearies.com;
app.tradearies.com.
The company lists the address 1420 Washington Blvd, Detroit, MI 48226, United States. Support is available via support@aries.com and in-app chat during business hours.
Aries trading terms
The brokerage company Aries offers access to:
U.S. stocks;
exchange-traded funds;
stock and ETF options;
index options.
Fractional trading and extended-hours orders are available for eligible securities. Options require separate approval, with supported strategies depending on the account’s permission level.
Clients can use Aries Infinite, a browser platform with customizable charts, order entry, market depth and news, or Aries Mobile. TradingView charts and Bloomberg TV are among the advertised integrations. Eligible users can also connect applications through finance.dev APIs.
Eligible online stock, ETF, equity-option and ETF-option trades carry a $0 commission. Index options cost $0.55 per contract, with exchange and regulatory charges added where applicable. The company states that there is no platform fee.
Trading accounts at Aries
The company does not list trading account types with their trading conditions and limits. Instead, its internal documents state that the company supports cash and margin accounts. Cash trading uses available funds, while margin accounts allow eligible clients to borrow against their account assets. Options permissions are approved separately.
No minimum deposit is required to open an account. Margin eligibility requires at least $2000. The published schedule provides up to four times intraday buying power and twice overnight buying power, subject to applicable requirements. Annual margin interest ranges from 5.24% to 9.24%, depending on the debit balance.
Registration and personal account on aries.com
Users apply through app.aries.com and provide personal and contact information for account opening and identity verification.
Deposits and withdrawals with Aries
The fee schedule lists:
ACH bank transfers;
domestic wire transfers;
debit card funding and withdrawals;
ACAT transfers of brokerage assets.
Incoming ACH and debit card deposits are free; incoming domestic wires cost $8. No opening deposit minimum applies.
Outgoing ACH is free, domestic wires cost $25, and outgoing ACAT transfers cost $75. External debit card withdrawals cost up to 1.75%, with a $1 minimum and $150 maximum fee. Processing times are not specified in the fee schedule.
Conclusion about Aries
The company identifies its brokerage entity, regulatory registrations and clearing provider. Its published terms distinguish commission-free trades from additional exchange, regulatory, financing and transfer charges. Before opening an account, clients should confirm eligibility, trading permissions and the applicable funding fees, and look through Aries reviews on independent websites.
