As can be seen, AUSFOREX company has been operating as AUS Capital LTD. Most importantly, they have been present since 2003. But there’s a catch with numerous brands presenting themselves as AUSFOREX.
That’s why it’s very important to diversify those, and in this AUSFOREX review, we will analyze ausforex.com. If you want to avoid some investment scams, make sure to read our Kockcom.cc review as well.
| Regulated by: | No regulations |
| Is This Company Safe? | No |
| Known Websites: | Ausforex.com |
| Have Warnings from: | N/A |
| Registered in: | UK |
| Operating since: | 2003 |
| Trading Platforms: | MT4 |
| Maximum Leverage: | 1:500 |
| Minimum Deposit: | $1.000 |
| Deposit Bonus: | Not available |
| Trading Assets: | Cryptocurrencies, Forex, Commodities, Indices, Shares |
| Free Demo Account: | Available |
| How to Withdraw from This Company? | Since they present themselves as UK-based and they work without regulations, you can forget about clean withdrawals. So, if you see any issue during the procedure, contact our refund experts immediately. |
Legal info: Is AUSFOREX Legit or a Scam?
Since the company presents itself as UK-based, our research is way easier than usual. Simply, we just check the FCA database, and voila. You realize that this firm can’t be trusted. Firstly, because they are no longer registered as appointed representatives.
Not only that. No other top-tier regulatory database holds records of this firm being licensed, especially not by regulators in countries where they operate the most.
Who are AUSFOREX’s Victims?
Surprisingly, AUSFOREX reviews practically don’t exist. This is quite odd for a company that has been active for so long. Therefore, we’ll have to rely on the company’s traffic, which is quite shocking.
It appears that most of their clients come from:
- Australia
- United Arab Emirates
- United States
- United Kingdom
- Germany
- New Zealand
Yet, none of the regulators from these countries have ever issued a license to ausforex.com. Therefore, if you are experiencing any trouble in trading with this broker, feel free to contact us for advice.
Leverage, Commissions, Spreads, Fees and Taxes
If the AUSFOREX broker was legitimately regulated anywhere, they wouldn’t offer a leverage of up to 1:500. That’s a clear sign traders should avoid the broker unless they are professional traders.
For accounts that don’t include commissions, traders can expect above-the-average spreads starting from 2 pips. However, if they want lower spreads, they’ll have to pay hefty commissions of $10 per lot. Not something comparable to some top-tier companies.
Bonuses
On the positive side, AUSFOREX trading company doesn’t offer any bonus deals. These are often easy bait to make traders deposit more money. But also, prevent them from withdrawing the same.
To see some more tricks in action, read our Finap Limited review.
AUSFOREX Trading Features
Important to realize is that the company offers a wide range of advanced features, such as Expert Advisors, numerous technical analysis options, and, most importantly, platform security. Yet, those things shouldn’t be the only metric.
There are far more important details you should consider about the AUSFOREX scam broker.
Trading Platforms Available
Even though the company is offering highly trusted Meta Trader 4, there are a few things you should know. Firstly, such a platform can’t make the broker trusted.
Also, the platform covers a lot of trading options, and it’s quite easy to attract new traders. But if you have a withdrawal problem, do you think that platform will mean anything to you?
Available Trading Assets
On top of all the benefits, the company also offers a vast of tradeable instruments. But also, that becomes irrelevant if you can’t withdraw the funds. Anyway, the offer is quite solid and consists of:
- Forex – USD/EUR, AUD/SGD
- Commodities – gold, crude oil
- Indices – DAX30, CAC40
- Shares – Tesla, Microsoft
- Cryptocurrencies – BTC, ETH
Account Types
As mentioned earlier, traders can choose between accounts that include or don’t include commission. Those are:
For both of these, you’ll have to set aside at least $1.000 to get started. That’s way higher than the industry average and especially than the starting amount for some Tier 1 licensed firms.
Mobile Trading App
One of the great things about MetaTrader 4 is that it provides highly reliable, fast, and easy-to-use mobile apps. Also, it’s available across all platforms.
That’s why traders, in general, opt for these platforms. Still, does that mean anything if the broker is not reliable?
Demo Account
A rarely positive thing about the AUSFOREX platform is a demo account availability. Even though that’s a standard MT4 package, some brokers opt not to offer it.
While keeping in mind the AUSFOREX minimum deposit requirement, this might be a suitable option before deposit.
AUSFOREX Withdrawal
One of the first potential withdrawal problems can be expected because of missing policies. The company doesn’t clearly state withdrawal fees and processing time. But even if they did, everything would be questionable due to shady regulatory status.
After all, shouldn’t they have some reviews if they were any close to legit? That’s one thing traders must consider before investing with any broker. If there are too many discrepancies, there’s no reason to believe that withdrawals will be clean.
Customer Support
As can be seen, the company is promoting its 24/7 customer support for its customers. The only available contact options are e-mail and live chat. Which is not something you could see as the only option with regulated brokers. They would offer at least a call center phone line.
Key Information To Consider About AUSFOREX
Primarily, the company has been operating with quite suspicious trading conditions. First of all, leverage of 1:500. That’s a clear sign that European regulators like FCA, BaFin, or CySEC do not regulate them. On top of that, the company lacks credibility and user-experience reviews. Yet, they present themselves as a brokerage established in 2003.
All in all, there are much better options available than this broker. Be wise and invest your money patiently. Otherwise, rushed decisions might cost you.
In any case, we invite you to share your experience with this broker with us. Ultimately, our team can advise you on any withdrawal-related problem and guide you even through the refund process if necessary.
FAQ Section
What is AUSFOREX?
AUSFOREX is a broker trying to present itself as a brand of a top-tier licensed firm called AUSPrime.
Is AUSFOREX a Legit Broker?
No. After all, the company is not licensed and its services include risky conditions without funds protection measures.
What is a Chargeback?
Disputed and reversed card transactions are called chargebacks. If you need assistance with it or any other refund method advice, contact our chargeback team.
