Auric Markets Limited 2025 Review: Everything You Need to Know
Summary: Auric Markets Limited has garnered mixed reviews from users and experts alike, with some praising its trading platform and low minimum deposit requirements, while others raise concerns about regulatory status and withdrawal issues. Key features include a user-friendly trading platform and a diverse range of trading instruments.
Note: It's essential to recognize that Auric Markets operates through various regional entities, which may present different regulatory implications. This review aims to provide a fair and accurate assessment based on multiple sources.
Rating Overview
We rate brokers based on comprehensive analysis, including user feedback, expert opinions, and available data.
Broker Overview
Founded in 2024, Auric Markets Limited is a forex broker operating under the jurisdiction of the United States. The broker offers a proprietary trading platform, ST5, alongside the widely used MetaTrader 4 (MT4). It provides access to a range of trading instruments, including forex, precious metals, and stock indices. Regulatory oversight includes registration with the Financial Crimes Enforcement Network (FinCEN) and the National Futures Association (NFA), though concerns about regulatory adequacy persist.
Detailed Section
Regulatory Regions
Auric Markets Limited is registered in the United States, specifically under the FinCEN and NFA. However, several reviews indicate that despite these registrations, the broker lacks rigorous regulatory scrutiny typically associated with more established jurisdictions, such as the FCA or ASIC. As noted by WikiFX, the broker currently has no valid regulation, raising concerns about investor protection.
Deposit/Withdrawal Currencies/Cryptocurrencies
Auric Markets allows deposits and withdrawals in multiple currencies, including USD. However, specific details about cryptocurrency support were not extensively covered in the sources. The minimum deposit to open an account is reported to be as low as $10, which is appealing for new traders.
Minimum Deposit
The minimum deposit requirement for opening a standard account is notably low at $10, which is advantageous for beginners. However, some sources report that higher tiers require a minimum deposit of $10,000, particularly for MAM accounts, which may deter less capitalized traders.
Information regarding bonuses or promotional offers was scarce across the sources. Most reviews did not highlight any ongoing promotions, which may suggest that Auric Markets is not actively providing incentives to attract new clients.
Tradable Asset Classes
Auric Markets Limited offers a diverse array of tradable assets, including forex pairs, precious metals, and stock indices. User reviews highlight the broker's access to over 62 currency pairs, allowing traders to capitalize on market fluctuations effectively. However, some users have expressed dissatisfaction with the limited availability of educational resources to support trading decisions.
Costs (Spreads, Fees, Commissions)
The broker advertises competitive spreads, typically around 1.5 pips for major currency pairs like EUR/USD. However, reviews indicate that users have encountered issues with withdrawal processes, with some claiming that their accounts were frozen after failing to meet certain trading requirements. These withdrawal issues have led to a significant amount of negative feedback regarding the broker's transparency and reliability.
Leverage
Auric Markets offers leverage up to 1:400, which is relatively high compared to industry standards. While this can amplify profits, it also increases the risk of significant losses, especially for inexperienced traders. Expert opinions suggest that leverage should be approached with caution, particularly in volatile market conditions.
The broker primarily utilizes the ST5 trading platform, but it also supports the widely recognized MetaTrader 4 (MT4). Users have reported that the MT4 platform is user-friendly and offers extensive trading tools, making it appealing for both novice and experienced traders.
Restricted Regions
Auric Markets does not provide services to jurisdictions where it may violate local laws or regulations. Specific restrictions were not explicitly mentioned, but potential clients should verify their eligibility based on their country of residence.
Available Customer Service Languages
Customer support is available in multiple languages, including English, Japanese, and Portuguese. However, user reviews indicate that the quality of customer service is lacking, with some users reporting difficulties in reaching support and receiving timely responses.
Rating Recap
Detailed Breakdown
- Account Conditions: The minimum deposit is appealing, but the higher threshold for MAM accounts may be a barrier for some traders.
- Tools and Resources: The MT4 platform is robust, yet the lack of educational materials could hinder novice traders.
- Customer Service and Support: Users have reported unsatisfactory experiences with customer support, particularly regarding withdrawal issues.
- Trading Setup: While spreads are competitive, the withdrawal process has been criticized, leading to a lack of trust among users.
- Trustworthiness: The broker's regulatory status raises red flags, particularly due to the absence of stringent oversight.
- User Experience: Feedback is mixed; some users find the platform efficient, while others have had negative experiences.
In conclusion, while Auric Markets Limited offers an attractive entry point for new traders, potential clients should carefully consider the regulatory landscape and user experiences before committing funds.
