Ausprime 2025 Review: Everything You Need to Know
Summary: Ausprime, a Cyprus-based broker, has garnered mixed reviews from users and experts alike. While it is regulated by the Cyprus Securities and Exchange Commission (CySEC) and offers a range of trading instruments, many users have reported issues with customer service and withdrawal processes. The broker primarily targets professional and institutional traders, requiring a substantial minimum deposit.
Note: It is important to consider that Ausprime operates under various entities across different regions, which may affect the services offered. This review aims to provide a fair and accurate assessment based on available information.
Rating Overview
How We Rate Brokers: Our ratings are based on a comprehensive analysis of user experiences, expert opinions, and factual data from various sources.
Broker Overview
Founded in 2013, Ausprime operates under the trading name of LT Trader Limited and is incorporated in Cyprus. The broker is regulated by CySEC, holding license number 350/17, which allows it to offer trading services across various financial instruments. Ausprime provides access to trading platforms such as FIX API and a proprietary GUI, but it notably lacks popular platforms like MetaTrader 4 or 5. The broker offers over 100 trading instruments, including forex, metals, indices, and commodities, primarily targeting professional traders with substantial capital.
Regulated Geographic Regions
Ausprime is primarily regulated in Cyprus by the Cyprus Securities and Exchange Commission (CySEC). However, it does not hold licenses from higher-tier regulators such as the FCA or ASIC, which may raise concerns among potential clients.
Deposit/Withdrawal Currencies/Cryptocurrencies
The broker accepts deposits and withdrawals in EUR and USD. However, there is a lack of clarity regarding cryptocurrency transactions, as this information was not prominently featured in user reviews.
Minimum Deposit
The minimum deposit requirement for opening an account with Ausprime is set at €20,000, which is significantly higher than many competing brokers. This high threshold is indicative of the broker's focus on professional and institutional clients rather than retail traders.
Ausprime does not currently offer any bonuses or promotional incentives, which is a common practice among many brokers aiming to attract new clients.
Tradable Asset Categories
The broker provides a diverse array of tradable assets, including:
- Forex: Over 100 currency pairs are available.
- Metals: Trading options include gold and silver.
- Indices: Major global indices are offered.
- Commodities: A variety of commodities can be traded.
Costs (Spreads, Fees, Commissions)
Ausprime claims to offer spreads starting from 0.1 pips, with no commissions for trades. However, user experiences indicate that there may be hidden fees or unfavorable trading conditions that could affect overall trading costs.
Leverage
The broker provides leverage of up to 1:100, which is relatively standard in the industry. However, this leverage may not be suitable for all traders, especially beginners.
While Ausprime does not support well-known platforms like MetaTrader 4 or 5, it offers its proprietary trading platform. This may limit the trading experience for users accustomed to more advanced features available on popular platforms.
Restricted Regions
Ausprime does not appear to be available in certain regions, including Singapore and the UK, where stricter regulatory requirements apply.
Available Customer Service Languages
Customer support is primarily offered in English, with limited availability in other languages. Users have reported difficulties in reaching customer service, particularly regarding withdrawal issues.
Repeated Rating Overview
Detailed Breakdown
Account Conditions
The account conditions at Ausprime are not very favorable for retail traders due to the high minimum deposit requirement. Many users have expressed dissatisfaction with the lack of transparency regarding account features and trading conditions. According to Traders Union, the overall score for account conditions is low, indicating that potential traders should consider alternatives.
While Ausprime offers a range of trading instruments, the lack of popular trading platforms like MT4 or MT5 means that traders may miss out on advanced trading tools and features. User reviews often highlight the need for better educational resources and trading tools, which are crucial for both novice and experienced traders.
Customer Service and Support
Customer service has been a significant pain point for many users. Reports of slow response times and difficulties in resolving issues, particularly concerning withdrawals, have been prevalent. A user review noted, "I invested a lot of money here, but they blocked my account and stopped responding to my requests" (WikiBit). This sentiment reflects a broader concern regarding the reliability of customer support.
Trading Setup (Experience)
The trading experience at Ausprime can be described as average. While the broker offers competitive spreads and a range of instruments, the overall user experience is marred by the lack of a user-friendly trading platform and insufficient educational resources. This may not cater well to beginner traders who require more guidance.
Trustworthiness
Despite being regulated by CySEC, the trustworthiness of Ausprime is questionable due to mixed user reviews and reports of withdrawal issues. Some users have labeled the broker as unreliable, leading to a lower trust rating.
User Experience
User experiences with Ausprime vary widely, with some traders reporting positive interactions while others express frustration over account management and customer support. The overall user experience rating reflects these inconsistencies, suggesting that potential clients proceed with caution.
In conclusion, while Ausprime offers a regulated trading environment with a range of financial instruments, potential clients should carefully consider the high minimum deposit, limited trading platforms, and mixed user reviews before proceeding.
