AUS Global review – 5 things you should know about ausglobaluk.com

Beware! AUS Global is an offshore broker! Your investment may be at risk.

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Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.

AUS Global tries to convince us that it is a multi-award winning forex broker, operating in the leading global financial centres. However, fact checking reveals otherwise – that at best this is an unregulated offshore broker. AUS Global’s willingness to deceive us shows that it would not be a good idea to trust it with our money.

AUS Global Regulation and safety of funds

If a financial services provider is legitimate, you will find on its website clear and detailed information about the company that owns and operates it, where it is based, and what licences it has.

The availability of such information does not guarantee that it is not false or misleading. But the absence of these elements is very indicative that in all likelihood you are dealing with scammers.

AUS Global claims to have offices in the UK, Australia, Hong Kong and Singapore, but does not provide an exact contact address.

The text of the Customer Agreement is on behalf of AUS Global Limited. and Australia is listed as the relevant jurisdiction.

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.

Before investing your money in financial instruments, it is imperative to make sure you do so through a licensed intermediary and not one of the many scammers lurking online.

You should only trust legitimate brokers operating in one of the established financial centres like the UK, EU, USA or Australia. There, the activities of brokers are controlled by powerful regulatory bodies such as UK’s Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Commodity Futures Trading Commission (CFTC) in US or Australian Securities and Exchanges Commission (ASIC). Clients of these brokers receive protections such as negative balance protection and segregation of the client’s funds from the broker’s funds.

AUS Global Trading software

AUS Global promises a choice of three advanced trading platforms – MetaTrader 4 (MT4), MetaTrader 5 (MT4) and cTrader. But only the first two are actually available.

Here’s what MT5 looks like with a Demo account:

There are plenty of legitimate, regulated brokers who enable their clients to take advantage of MT4 and MT5‘s capabilities.

AUS Global Trading instruments

The descriptions of the account types offered by AUS Global do not include information on most trading parameters. In addition, upon registration, a choice is offered between many more account types than are mentioned on the website.

AUS Global Spreads and cost of trading

AUS Global does not provide clear information on the price paid by the customer. We were only able to test the auction trading software with a Demo account.

AUS Global Maximum leverage

AUS Global offers leverage of up to 1:500, which is also evidence that it is not licensed to operate in Australia or any other regulated jurisdiction.

High leverage creates the opportunity for more significant profit, but correspondingly increases the risk of sudden and excessive losses. All leading regulators therefore restrict leverage for retail traders.

Higher levels of leverage are only offered to professional clients who trade entirely at their own risk.

If you don’t qualify as a professional trader but are willing to take the risk of high-leverage trading, the most viable option is to use the services of an offshore affiliate of an established brand.

AUS Global Deposit and withdrawal methods

AUS Global claims to allow transactions with 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.

Legitimate brokers typically offer clients a wide choice of transparent payment methods, including established e-wallets such as PayPal, Skrill or Neteller.

AUS Global Minimum deposit

The website specifies a minimum deposit of 50 USD. For a lower amount, you could open a Micro account with some of the leading brands in the industry.

AUS Global Withdrawal requirements

Since AUS Global does not provide proper legal documentation, it is unclear what traps the fraudsters may have set. Typically, fake brokers make withdrawing money impossible through huge fees and impossible-to-fulfil traded volume conditions.