Heard of ausglobaluk.com trading platform? Really want to find more details before choosing the broker? You can carefully read the AUS Global reviews to know about this forex broker whether to use or not.
This post promises to share helpful review to support clients/traders in making the right decision. Kindly read to the end and make your verdict.
AUS Global: What is it?
AUS Global otherwise known as ausglobaluk.com is an offshore brokerage with a lot of promises for forex traders. The forex company claims to offer crypto investment services to their clients.
Furthermore, the brokerage promises different instruments like forex, stocks, commodities, crypto, bonds and indices.
What We Discovered about AUS Global Forex Broker
First of, AUS Global claims to have different offices in the UK, Australia, Hong Kong and Singapore, but does not provide an exact contact address.
Next, we find a company with a similar name, AUS Global Pty Ltd, in the Australian Securities and Exchanges Commission (ASIC) records, but find no evidence that it is associated with this website.
The trading software used by AUS Global is registered in the name of a different company, AUS Commercial Limited, which has an address in the Marshall Islands. There is not even a financial regulator in this offshore jurisdiction.
Again, the broker does not offer money back guarantee which means trading on such platform is clearly a risk as your money cannot be refunded.
These drawbacks are for forex traders/ clients to avoid losing money with scam brokers lurking online. It is always advisable you check for regulated and licensed broker on financial authorities websites before depositing fund for trading.
Won’t you rather trade with a licensed and legit broker? Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK, ASIC in Australia, NBRB in Belarus, CySEC in Cyprus as well as IIROC in Canada which makes client funds safe. They accept traders worldwide…visit their official website
AUS Global Minimum Deposit
AUS Global minimum deposit is specified as $50 based on the account type. This is a fair start if only the broker is licensed. In contrast, some licensed FX brokers can offer clients trading rate as low as $100 with the assurance of their trading funds.
There is a trading account offers by this broker like STP Standard, ECN, Classic and VIP. According to the website description, the broker provides a leverage capped 1:500.
AUS Global claims to allow deposit like credit cards, wire transfer, cryptocurrencies, and UnionPay. But the deposit menu is not available before the account is approved. Therefore, we cannot confirm what payment methods are actually available.
Just so you know, offshore brokers are commonly known for accepting crypto currencies. For this purpose, payments made through this method are anonymous and can only be traced to a wallet address and not to a specific person. So beware!
AUS Global Trading Software
AUS Global provides access to advanced trading platforms, MetaTrader 4 (MT4), MetaTrader 5 (MT4) and cTrader. Truly, MT4 and MT5 are actually available.
Why use forex brokers with advanced trader like MT4/MT5? You are certain to have the best features of real-time quotes, financial news and various FX and stock charts, as well as algorithmic trading sessions with the help of specially designed trading bots, called Expert Advisors.
Frankly, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.
Argument Against AUS Global Licensing and Regulation
Like in any corporation, integrity is a key to uphold these days. It doesn’t matter if you make a lot of money but you can’t take it out. That is to say, exactly what is happening with non-licensed companies.
Having said that, it is not far from believing that ausglobaluk.com is not a licensed brokerage firm. It is not under any financial regulation which means wiring your money for trading is risky. Its unlicensed and unregulated activities are truly a red flag and must be avoided.
COMPARE WITH A TRUSTED BROKER
Fortrade
Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide..visit their official website
Final Thoughts:
AUS Global appears like a reliable trading platform, however, you should not take the words they say and the attractive website layout. By all appearances, the broker lacks one important indicator – its license. Thus, traders should steer clear from an unlicensed broker as its likely run by scammers. To this end, we urge our readers to rely on regulated brokers like this or any licensed entity.
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