Aurum Markets- Opportunity or Trap? Let's uncover

All that glitters is not gold. This proverb perfectly fits with Aurum Markets. As a consumer, investor, or trader, you need to be extra cautious when planning to invest with broker. In this article, you‘ll learn whether Aurum Markets is an opportunity or a trap. Let’s know.

About Aurum market & Regulation

According to the broker, Aurum Markets began its journey in 2017. Aurum Markets Limited is incorporated in Saint Lucia as an International Broker Company with registration number 2024-00298, with its registered address at Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia. It is also incorporated in Mauritius as an International Broker Company with registration number 195270 GBC. However, Aurum Markets lacks regulation from prominent authorities such as CySEC, FCA, ASIC, or FMA, raising concerns about its legitimacy.

Name of the broker - Aurum market

Website- https://aurummarkets.com

Platform Registration Country: India

Address: Office 212, Block A, The

Business Hub, Calebasses Branch

Road, Calebasses, 20201, Mauritius

Email- support@aurummarkets.com

Phone - 230 245 8606

FCA Warning

In 2008, the Financial Conduct Authority (FCA), a prominent financial regulator, issued a warning against Aurum Astrum Ag (associated with Aurum Markets), stating that it was providing financial services or products in the UK without proper authorization. The FCA stated: “This firm is not authorised by us and is targeting people in the UK. You will not have access to the Financial Ombudsman Service or be protected by the Financial Services Compensation Scheme (FSCS), so you are unlikely to get your money back if things go wrong.”

Trust Pilot Reviews

When we searched for reviews about Aurum Markets, we found the following user feedback, presented below.

User 1 - “Aurum market broker is a big scam and Tani forex in Pakistan is the real sponsor of this broker, I am going to file a lawsuit against Aurum market broker and Tani Forex. Tani forex is introducing most of the scam brokers in Pakistan and making huge amount of money. Cabana Capital who was introduced by Tani forex in Pakistan sold all the data including clients personal information and bank details to Aurum market broker. It is a huge crime as per data protection law and Tani forex is equally involved in this crime, soon I am going to launch a huge legal campaign against all such scam brokers and their facilitators like Tani forex and others.”

User 2 - After a week of waiting for the email to be reply notifying the transfer of profit, they came up with the bullshit that rules had been breached and all profit had to to be cancelled. What a joke. The sign up bonus account was a bait to attract people to use their cheap broker. In the end they will not transfer the profit saying nonsense reasons. A waste of your time involve your self with this coward broker.

User 3- Totally Fraud Broker This is a completely fraud broker. I made almost 300 dollars profit from their no deposit bonus, but they are not transferring that profit to my wallet and no one can respond. They have done this with many people. No one should trust this broker.

User 4- Although their 100 bonus has expired, it's still being advertised on their website to bait new traders. Be careful.

User 5 - This broker is nothing but a scam, after i invested i got my profit but it was paid out to me till now. I went on their live chat and no response from them. Please don't put your money here. I recommend TON TRADING i have also joined them and i am enjoying all their benefits.

WikiFX Review

When we searched for this broker on WikiFX , We found its unlincensed broker with extremely low score

Name of Broker-Aurum Markets

Score- 1.66 out of 10.

Aurum Markets on WikiFX –https://www.wikifx.com/en/dealer/9719319392.html

Regulation- Unlicensed

WikiFX Warning -Low score, please stay away!

It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

Conclusion

After reading this article, you‘ll understand the significant risks of investing with Aurum Markets. Its a broker surrounded by numerous red flags. The Financial Conduct Authority (FCA) issued a warning against for providing financial services in the UK without authorization, leaving investors without access to the Financial Ombudsman Service or the Financial Services Compensation Scheme (FSCS). This lack of regulation by prominent authorities like CySEC, FCA, ASIC, or FMA raises serious concerns about the broker’s legitimacy. User reviews reveal dissatisfaction, with many accusing Aurum Markets of being a scam, citing issues like delayed withdrawals, unresponsive customer service, and unauthorized account activities. As a consumer, investor, or trader, you must exercise extreme caution when considering this broker. Before investing, verify the brokers regulatory status, research user feedback thoroughly, and consult a financial advisor to protect your funds. Proceed with caution to avoid potential financial loss.