AUSFOREX Forex Broker

Note: AUSFOREX's official website http://www.ausforexss.com/ is currently inaccessible normally.AUSFOREXReview SummaryFounded/Registered Country/RegionUSARegulationCySEC/SFC/FCA (Suspious clone)Market InstrumentsForex, CFDsDemo Account❌LeverageUp to 1:400EUR/USD Spread2 pips (STP); 0.5 pips (ECN)Trading PlatformMT4, MT5Min Deposit$1 000Customer SupportTel: 4402038569565Email: 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 ConsPros Cons MT4 and MT5 supportedCurrent unavailability of websitePopular payment optionsSuspicious clone licensesHigh minimum depositNo demo accountsIs 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 CloneRegulated by CyprusLicensed Institution AC Markets (Europe) LtdLicensed TypeMarket Making (MM)Licensed Number350/17Regulatory AuthoritySecurities and Futures Commission of Hong Kong (SFC)Regulatory Status Suspicious CloneRegulated by China (Hong Kong)Licensed Institution AUS Financial Group (Hong Kong) LimitedLicensed TypeLeveraged foreign exchange tradingLicensed NumberBLU727Regulatory AuthorityFinancial Conduct Authority (FCA)Regulatory Status Suspicious CloneRegulated by United KingdomLicensed Institution LTTADER LTDLicensed TypeEuropean Authorized Representative (EEA)Licensed Number803268WikiFX 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 TypeMin DepositMax LeverageEUR/USD SpreadCommissionSTP$1,0001:4002 pips/ECN0.5 pips$10 per standard lot round-turnLeverage 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 forMT4✔PC, web, mobileBeginnersMT5✔PC, web, mobileExperienced tradersDeposit 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.