Score

1.47 /10
Danger

AUSFOREX

United States

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

Add brokers

Comparison

Quantity 14

Exposure

Time Machine
Website

Score

Regulatory Index0.00

Business Index6.72

Risk Management Index0.00

Software Index4.00

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
Time Machine
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Broker Information

More

Company Name

AUSFOREX

Company Abbreviation

AUSFOREX

Platform registered country and region

United States

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 6
Previous Detection : 2024-12-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 14 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

Pyramid scheme complaint
Expose
    AUSFOREX · Company summary

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

    AUSFOREXReview Summary
    Founded/
    Registered Country/RegionUSA
    RegulationCySEC/SFC/FCA (Suspious clone)
    Market InstrumentsForex, CFDs
    Demo Account
    LeverageUp to 1:400
    EUR/USD Spread2 pips (STP); 0.5 pips (ECN)
    Trading PlatformMT4, MT5
    Min Deposit$1 000
    Customer SupportTel: 4402038569565
    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.

    AUSFOREX

    Pros and Cons

    Pros Cons
    MT4 and MT5 supportedCurrent unavailability of website
    Popular payment optionsSuspicious 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 AuthorityCyprus Securities and Exchange Commission (CySEC)
    Regulatory Status Suspicious Clone
    Regulated by Cyprus
    Licensed Institution AC Markets (Europe) Ltd
    Licensed TypeMarket Making (MM)
    Licensed Number350/17
    Suspicious Clone CySEC license
    Regulatory AuthoritySecurities 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 TypeLeveraged foreign exchange trading
    Licensed NumberBLU727
    Suspicious Clone SFC license
    Regulatory AuthorityFinancial Conduct Authority (FCA)
    Regulatory Status Suspicious Clone
    Regulated by United Kingdom
    Licensed Institution LTTADER LTD
    Licensed TypeEuropean Authorized Representative (EEA)
    Licensed Number803268
    Suspicious Clone FCA Iicense

    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!

    WikiFX Field Survey

    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 TypeMin DepositMax LeverageEUR/USD SpreadCommission
    STP$1,0001:4002 pips/
    ECN0.5 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 PlatformSupported Available Devices Suitable for
    MT4PC, web, mobileBeginners
    MT5PC, web, mobileExperienced 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.

    User Reviews

    More

    User comment

    2

    Comments

    Write a review

    FX1452609003
    0-3months
    前几个月一直在用,充了1000美金,期间有赚有赔,九月底赶上一波大行情做多CN300,赚了2000多美金,第二天就给我发邮件说杠杆问题违规,利润全部扣除,典型的霸王条款,只能赔不能赚,黑平台,大家一定要远离!
    前几个月一直在用,充了1000美金,期间有赚有赔,九月底赶上一波大行情做多CN300,赚了2000多美金,第二天就给我发邮件说杠杆问题违规,利润全部扣除,典型的霸王条款,只能赔不能赚,黑平台,大家一定要远离!
    Translate to English
    2024-10-11 19:59
    Reply
    0
    0
    FX1562060302
    more than one year
    AUSFOREX turned out to be a major letdown. They hyped up profits on WeChat, but it's all smoke and mirrors with Photoshopped images. Withdrawals are a headache; they link it to some deposit task gimmick. Promised a quick USDT withdrawal in 15 days, but they demanded a hefty 30,000 margin. Now they're playing hardball, asking for a 20% account payment. I tried to withdraw, got rejected, and they want over 50,000 yuan for "account activation." This feels like a scam – stay far away and keep your hard-earned money safe!
    AUSFOREX turned out to be a major letdown. They hyped up profits on WeChat, but it's all smoke and mirrors with Photoshopped images. Withdrawals are a headache; they link it to some deposit task gimmick. Promised a quick USDT withdrawal in 15 days, but they demanded a hefty 30,000 margin. Now they're playing hardball, asking for a 20% account payment. I tried to withdraw, got rejected, and they want over 50,000 yuan for "account activation." This feels like a scam – stay far away and keep your hard-earned money safe!
    Translate to English
    2023-12-19 18:40
    Reply
    0
    0
    14