AUSFOREX Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-12-04 15:20

Abstract：AUSFOREX is a broker which specializes in the forex and CFD markets. It offers 2 types of accounts, with a minimum deposit of $1,000 and a maximum leverage of 1:400. However, because it holds 3 suspicious clone licenses and its official website is inaccessible, the potential risks are high.

　　Note: AUSFOREX's official website https://www.ausforexss.com/ is currently inaccessible normally.

AUSFOREXReview Summary
Founded	/
Registered Country/Region	USA
Regulation	CySEC/SFC/FCA (Suspious clone)
Market Instruments	Forex, CFDs
Demo Account	❌
Leverage	Up to 1:400
EUR/USD Spread	2 pips (STP); 0.5 pips (ECN)
Trading Platform	MT4, MT5
Min Deposit	$1 000
Customer Support	Tel: 4402038569565
Customer Support	Email: support@ausforex.biz

　　AUSFOREX is a broker which specializes in the forex and CFD markets. It offers 2 types of accounts, with a minimum deposit of $1,000 and a maximum leverage of 1:400. However, because it holds 3 suspicious clone licenses and its official website is inaccessible, the potential risks are high.

Pros and Cons

Pros	Cons
MT4 and MT5 supported	Current unavailability of website
Popular payment options	Suspicious clone licenses
	High minimum deposit
	No demo accounts

Is AUSFOREX Legit?

　　No, AUSFOREX only holds 3 suspicious clone licenses. Please be aware of the risks!

Regulatory Authority	Cyprus Securities and Exchange Commission (CySEC)
Regulatory Status	Suspicious Clone
Regulated by	Cyprus
Licensed Institution	AC Markets (Europe) Ltd
Licensed Type	Market Making (MM)
Licensed Number	350/17

Regulatory Authority	Securities and Futures Commission of Hong Kong (SFC)
Regulatory Status	Suspicious Clone
Regulated by	China (Hong Kong)
Licensed Institution	AUS Financial Group (Hong Kong) Limited
Licensed Type	Leveraged foreign exchange trading
Licensed Number	BLU727

Regulatory Authority	Financial Conduct Authority (FCA)
Regulatory Status	Suspicious Clone
Regulated by	United Kingdom
Licensed Institution	LTTADER LTD
Licensed Type	European Authorized Representative (EEA)
Licensed Number	803268

WikiFX Field Survey

　　WikiFX field survey team visited AUSFOREX's regulatory address in Hong Kong, and we didn't find its physical office. Please note the potential risks!

What Can I Trade on AUSFOREX?

　　On AUSFOREX, customers can explore the forex and CFD markets.

Tradable Instruments	Supported
Forex	✔
CFDs	✔
Bonds	❌
Options	❌
ETFs	❌

Account Type/Fees

　　AUSFOREX offers 2 types of accounts, including STP and ECN.

Account Type	Min Deposit	Max Leverage	EUR/USD Spread	Commission
STP	$1,000	1:400	2 pips	/
ECN	$1,000	1:400	0.5 pips	$10 per standard lot round-turn

Leverage

　　For both account types, the leverage can be up to1:400 for both account types. Careful considerations are recommended, because high leverage is likely to bring high potential risks.

Trading Platform

　　AUSFOREX claims to use MT4 and MT5 as its trading platforms.

Trading Platform	Supported	Available Devices	Suitable for
MT4	✔	PC, web, mobile	Beginners
MT5	✔	PC, web, mobile	Experienced traders

Deposit and Withdrawal

　　AUSFOREX supports several types of payment methods, including credit/debit cards, (Visa, MasterCard, Maestro), and bank wire. Moreover, the accepted currencies are GBP, EUR, USD, AUD, and SGD. However, other details such as the processing time and fees are not clear.