AUS Global Review – So Many Complaints From Traders

AUS Global is an Australian brokerage firm operating offshore as well. The platform offers cutting-edge tools for Forex trading. Although the company has been active for a while, many online complaints are pointing to fraudulent activity.

Hence, we have undertaken to analyze the business and uncover the truth unbiasedly. Keep reading our AUS Global review to find out if you can trust this broker.

Legal Info: Is AUS Global Regulated?

The AUS Global broker is registered with the Australian Securities and Investments Commission (ASIC). However, this entity is not the one providing the trading platform. The one that does is based offshore in Mauritius.

The proof we found regarding the AUS Global regulation is on the Mauritius Financial Services Commission (FSC) website. It says the company has been registered since April 2023. The website openly disclaims that the FCA does not authorize the business to operate in the UK.

Basically, if you trade with this firm, you’re dealing with an offshore broker, which operates under much laxer regulations compared to heavy jurisdictions like Australia or the UK. Insufficient security equals issues and potential fraud, as was the case with BVVE. 

We thus recommend you stick to regulated firms operating under the supervision of renowned financial market authorities such as the FCA (UK), ESMA (Europe), CFTC (US), etc.

Such companies are subject to stringent regulations and must offer clients negative balance protection, segregation of funds in top-tier banks, and, in some cases, compensation schemes.

Who Are AUS Global’s Targets?

According to WHOIS, the ausglobaluk.com website domain was created on December 15, 2022, a decade after the company was incorporated in Australia. Since then, the firm has been accepting traders from the following jurisdictions: 

• United Kingdom;
• United Arab Emirates;
• Australia;
• New Zealand.

All four countries have stringent regulatory laws in force for their markets. Their respective financial watchdogs oversee all participants and transactions to prevent virtual con artists like ePlanet Brokers from defrauding traders and investors.

Companies must meet strict requirements to obtain a license under these regulators. For that reason, some opt to open offices offshore and circumvent those demands. This firm did just that.

Due to its offshore background, Mauritius-based AUS Global is not considered reliable. For instance, it is not authorized to provide trading services in the UK. 

Trader Reviews – Sharing Experiences

At the time of this writing, there were 10 AUS Global reviews on trustpilot.com. The firm received an average score of 2.7/5 (poor). There have been many complaints against its business written over the past month.

“Ausglobaluk.com is the same scam as Ausforex. Global and ausforex.com are just new facades. This company stole $7488 from my trading account… They falsely assured me I could withdraw, then blocked my account, and I haven’t seen a cent since. They’re blatantly ignoring my emails,”

one user stressed.  

Forexpeacearmy.com has more negative reviews. User feedback is crucial for discerning the right providers from the terrible ones.

Which Trading Platform Is Available?

The AUS Global trading platform is cTrader, a cutting-edge trading tool with advanced features. It supports popular instruments such as Forex currency pairs, stocks, and precious metals. Additionally, the firm offers AUS Global social trading.

Accessible via mobile phone, the company promises users the ability to copy the trades of the very best traders, ask questions to mentors or groups, and discover new strategies. Although the platform suite is enticing, the lack of regulatory oversight raises concerns. 

Therefore, opt for licensed providers offering reliable third-party software like MetaTrader 4, MetaTrader 5, or the aforementioned cTrader.

Available Account Types

Trading Info – Leverage, Spreads, Commissions

The maximum leverage traders can use for AUS Global Forex trading is 1:500, which is significantly higher than the legal limit in force in Europe and Australia (1:30) or North America (1:50). High leverage can help reap staggering profits, but it’s extremely risky. If you bet wrong, you may lose everything.

As for the spreads, the broker listed decent and competitive numbers for the benchmark EUR/USD pair. However, the account table mentions transaction costs, which downscale with each higher account tier.

Yes, the provider included a risk-free demo account. It can be accessed via the AUS Global login page. Although trading with virtual funds is a must for beginners, switching to real money is where the risks lie.

Deposit and Withdrawal Process

The website listed three payment methods that can be used to make a deposit and withdraw profits:

• Credit/debit cards;
• Wire transfers;
• USD Tether.

Judging by the reviews, it’s unlikely that you will be allowed to withdraw your money from this platform. In that case, you must resort to other ways to pull your funds from the platform.

For MasterCard or Visa credit/debit card payments, you can request a chargeback at the issuing bank within 120 days to get a refund. To make a strong case, provide bank officials with ample evidence and relevant documents. On the other hand, wire transfers are reversible only if the money has not yet been transferred.

Recovering stolen crypto is more challenging and requires advanced software such as CipherTrace and professional assistance. Our team can help you with this one.

Key Facts To Consider About AUS Global

Let’s outline our main points: AUS Global is an Australian broker operating offshore out of Mauritius. Traders claim this platform is fraudulent. The main targets include British, Australian, UAE, and New Zealand-based traders. 

We do not recommend trading on this platform due to its unregulated status. If you have lost money to AUS Global, you must seek our professional help to recover your funds! A chargeback is your best option.

Use the form below to book your free consultation with Scam Brokers Reviews and tell us more about your case. Our team will gladly guide you through the fund recovery process and assist you every step of the way.

Book your free consultation here and start the chargeback process.

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