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AUSForex Review 2025

Updated:

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.

User Satisfaction i

Score:
2/10

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msantz
1 year ago

This broker was a disappointment for me after only three months of use due to the endless delays with withdrawals. After small amounts were withdrawn, I started having problems withdrawing half of my deposit. The requests were canceled for various reasons. Then they closed my orders at a loss, and I had to make a lot of effort to recover. Support did not respond to any questions regarding interference in trading. Upon withdrawing all my funds in small amounts, I moved to another broker that doesn't interfere with my trading.

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lesmana
1 year ago

It is a company of scammers who claim to be licensed and regulated, but actually they are not. It is a pity that I found out about it too late, when I lost all the money I entrusted to their PAMM account managers. It was not bad at first, I received 15% to 25% of my investment monthly. I invested all the income back into trust management accounts. Eventually, I decided to withdraw the profits, keeping the initial capital. The application hung unprocessed for five days, and I contacted the support to clarify why the money was not withdrawn. I never got an answer, and then I couldn't log into my account because it was blocked.

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maertpc
1 year ago

I received a call from an account manager who offered me favorable trading conditions and cash back on all completed trades. The website stated that the company was regulated and was a member of compensation funds, so I didn't suspect anything and deposited a large sum. I traded for about three months, but they started to credit me with cash back only after a month, and that was after constant reminders to the manager about the promise. But that is not the problem. The site stopped working, the money is not withdrawn, support does not respond to messages. As a result, I lost more than 5000 USD, and there is no hope of getting it back.

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lameraxis
1 year ago

I don't trade on my own yet because I have little experience in Forex, so I was looking for a broker with the possibility of investing in PAMM and trading through a social trading platform. AUSForex offered all these options for passive income and a good educational section, so I decided to earn and learn there. Everything was fine until my first attempt to withdraw money. The request hung in the unprocessed, and after a while when I started writing to support, it was closed. There is nowhere to complain because the broker is unregulated and all the information on the website is false.

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ricky265
1 year ago

AUSForex are scammers who post information about licenses and regulators, but actually operate illegally. If it were not for their deception, I would never have entrusted a penny to a broker that works without a license and is registered offshore. As a result, I lost a lot of time, money and effort to get the withdrawal of funds, but it did not lead to anything. Despite numerous inquiries to customer service, I wasn't able to view my investments. In the end, my account was blocked and my messages to the support service were ignored. After a while the company's website stopped working at all.

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itspwk
1 year ago

I have worked with this company for almost a year, and for the first 7-8 months I had no complaints. I earned good money, the commissions were satisfactory, and the money was withdrawn without issue in accordance with the rules. The first alarm bell sounded at the next attempt to withdraw money. The request was not processed for a long time, and support claimed to have some technical problems and promised to solve the issue in the near future. But everything ended up in the fact that the withdrawal was never made, and support stopped contacting me.

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ericvtr123
1 year ago

I traded with this broker on an ECN account. All seemed fine at first, but then things began to deteriorate. First, slippages appeared as a result of the trading platform's problematic operation. The broker then began charging strange commissions when I tried to withdraw money to the card, despite initially stating that such transactions were free. When I decided to withdraw all the money because I had found a more reliable company, I was refused and told that the company's rules had been violated. My accounts were frozen pending clarification of all circumstances. No matter how many times I wrote to support, nothing was solved. I did not break any rules. Most likely, this is a made-up reason not to withdraw my money.

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.

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