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AUSFOREX Company

  

AUSFOREX Company: A Comprehensive Overview

  

1. Company Overview

  

Founding Date and Background

  AUSFOREX was founded in 2003 in Melbourne, Australia. Initially established as a forex trading platform, it quickly gained traction among retail investors and institutions seeking reliable online trading solutions.

  

Parent Company/Ownership Structure

  AUSFOREX operates under the ownership of AUS Group Limited, which oversees its various trading services and platforms. The company focuses on providing a robust trading environment for both individual and institutional clients.

  

Headquarters Location

  In 2015, AUSFOREX relocated its headquarters to London, UK. This strategic move aimed to enhance its services in the European markets and align with global trading practices.

  

Global Business Scope

  AUSFOREX offers a wide range of trading services, catering to private investors, institutions, banks, and brokerages. The firm specializes in foreign exchange (forex), contracts for difference (CFDs), and commodities, providing clients with 24/5 access to global financial markets through advanced trading platforms.

  

Main Regulatory Bodies

  AUSFOREX claims to be regulated by several authoritative bodies, including:

  • Australian Securities and Investments Commission (ASIC)
  • Financial Conduct Authority (FCA) in the UK
  • Cyprus Securities and Exchange Commission (CySEC)
  • Securities and Futures Commission (SFC) in Hong Kong

  However, recent reports have raised concerns about the legitimacy of these licenses, indicating potential regulatory issues.

  

2. Company History and Development

  

Key Milestones

  • 2003: AUSFOREX was founded in Melbourne, Australia.
  • 2005: The company received its first regulatory approval from ASIC.
  • 2015: Headquarters moved to London to expand its European market presence.

  

Business Expansion Journey

  AUSFOREX has expanded its operations globally, establishing offices in key financial hubs, including Cyprus, Hong Kong, and the UK. This expansion has allowed the company to diversify its offerings and cater to a broader client base.

  

Customer Base Growth

  Over the years, AUSFOREX has attracted a diverse clientele, including retail traders and institutional investors. The company's commitment to technological innovation and customer support has contributed to its growing reputation in the trading community.

  

Platform Development History

  AUSFOREX provides access to two primary trading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Both platforms are known for their user-friendly interfaces, advanced charting tools, and automated trading capabilities. The continuous development of these platforms has been a focal point for AUSFOREX to enhance user experience and trading efficiency.

  

Important Awards or Recognitions Received

  Despite its growth, AUSFOREX has not prominently featured any awards or recognitions on its official website. This absence raises questions about its standing in the competitive landscape of online trading.

  

3. Trading Services Offered

  

Forex Trading Options

  AUSFOREX offers a selection of over 18 major and minor currency pairs for forex trading. This includes popular pairs such as EUR/USD, GBP/USD, and USD/JPY, catering to the diverse needs of forex traders.

  

Stock Trading Options

  Currently, AUSFOREX does not offer direct stock trading options. The primary focus remains on forex and CFD trading.

  

CFD Trading Products

  AUSFOREX provides a range of CFDs, allowing traders to speculate on the price movements of various assets without owning the underlying asset. This includes CFDs on commodities like gold and silver, as well as indices.

  

Other Financial Instruments

  In addition to forex and CFDs, AUSFOREX offers trading in cryptocurrencies, including Bitcoin and Ethereum. The introduction of these instruments aims to attract a new generation of traders interested in digital assets.

  

Special Services or Unique Advantages

  AUSFOREX offers a unique PAMM (Percentage Allocation Management Module) service, allowing investors to allocate their funds to experienced traders for managed trading. This feature appeals to those who prefer passive income strategies without engaging in active trading.

  

  

Detailed Regulatory Information

  AUSFOREX claims to be regulated by:

  • ASIC: Provides oversight for Australian financial services.
  • FCA: Regulates financial firms in the UK.
  • CySEC: Ensures compliance for brokers operating in Cyprus.
  • SFC: Regulates the securities and futures markets in Hong Kong.

  However, recent findings suggest that AUSFOREX may not hold valid licenses with these bodies, raising concerns regarding its regulatory compliance.

  

  AUSFOREX operates as a separate legal entity in each region where it claims to be regulated. This structure is designed to comply with local regulations and protect client interests.

  

Client Fund Protection Measures

  AUSFOREX states that client funds are held in segregated accounts, ensuring that client assets are protected in the event of insolvency. However, the effectiveness of these measures is questionable given the regulatory concerns surrounding the company.

  

Countries/Regions Served

  AUSFOREX provides services to clients globally, with specific restrictions for residents in countries such as the USA, Japan, Iran, and North Korea.

  

Compliance History

  AUSFOREX's compliance history has come under scrutiny, with numerous complaints from clients regarding withdrawal issues and lack of transparency. These concerns have led to a significant number of negative reviews and allegations of fraudulent activities.

  

5. Competitive Landscape

  

3-5 Main Competitors

  AUSFOREX competes with several established brokers in the online trading space, including:

  • IG Group: A well-known broker offering a wide range of trading instruments.
  • OANDA: Renowned for its forex trading services and educational resources.
  • Forex.com: A major player in the forex market with a robust trading platform.

  

Positioning in the Industry

  AUSFOREX positions itself as a competitive player in the forex and CFD markets, emphasizing its regulatory claims and technological advancements. However, the recent allegations regarding its licensing and operational integrity have hindered its reputation.

  

Market Differentiation Factors

  AUSFOREX differentiates itself through its specialized trading services, including the PAMM account management system and access to both MT4 and MT5 platforms. However, the high minimum deposit requirement and regulatory concerns may deter potential clients.

  

Conclusion

  AUSFOREX presents itself as a comprehensive online trading platform with a focus on forex and CFD trading. While the company claims to offer a robust trading environment supported by regulatory oversight, recent findings raise significant concerns about its legitimacy and operational practices. Potential traders should exercise caution and conduct thorough research before engaging with AUSFOREX.

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