Brief Look at AUSForex
AUSForex was founded in 2004 in Melbourne and two years later received a license from the Australian Securities and Investments Commission (ASIC). The broker relocated to the UK in 2015 so that it could operate in the European markets. As per the company's website, three bodies regulated the company: the FCA in the UK, CySEC in Cyprus, and the SFC in Hong Kong. It turned out, however, that none of these licenses belong to AUSForex.
The broker's website is currently inaccessible, and the information it previously displayed regarding licenses and regulation has been proven false. Clients have reported various fraudulent activities, including extortion for account activation, delayed payments, undisclosed commissions, and ultimately, a complete refusal to process withdrawals. Numerous online complaints also highlight account blocking upon attempting withdrawals.
Share your experience
- Best
- Last
- Oldest
We constantly monitor the Internet for the emergence of new fraudulent schemes to deceive traders. We have been collecting data about scam brokers for more than 10 years and we think we know every dishonest company in the market. Below we have collected for you the information about the scammers from the List of SCAM Brokers.
Articles that may help you
Check out our reviews of other companies as well
User Satisfaction i