A Site Visit to AUSFOREX in Cyprus -- Finding No Office-AUSFOREX Cyprus-WikiFX Field Survey-WikiFX

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A Site Visit to AUSFOREX in Cyprus -- Finding No Office

Cyprus

2020-9-21

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Regulated

AUSFOREX

Score 6.19

Negative

Details

Brand Story

AUSFOREX was founded in Melbourne, Australia in 2003. In 2015, the headquarters moved to London, UK. In order to better serve the global market, AUSFOREX has successively obtained the UK Financial Conduct Authority. (FCA) regulation, supervision by the Hong Kong Securities and Futures Commission (SFC), supervision by the Cyprus Securities and Exchange Commission (CySEC). AUSFOREX offers online dealing services to private investors, institutions, banks and brokerages. Specializing in Foreign Exchange (Forex) and Contracts for Difference (CFDs), clients are given 24 hour access to the global financial markets through the trading platform - MetaTrader 4 and MetaTrader 5.

Website Address

CN: http://www.ausforex.asia

EN: https://www.ausforex.asia

Regulatory information

According to the regulatory information, the broker AUSFOREX has the MM license issued by CySEC and located at Spyrou Kyprianou Avenue, Room 102, Block B, Steratzias Court, No.41, 4003, Mesa Geitonia, Limassol.

In addition, AUSFOREX also holds a EEA license issued by FCA .

On-site visit

The survey team followed the address on the regulatory information to an office building at Spyrou Kyprianou Avenue, Limassol, Cyprus. The address of building is shown as Block B, Steratzias Court, No.41, which is consistent with the one on the regulatory information. Furthermore, it is about 2km away from the famous Esplanade, not far from the cross-city expressway, with superior location and convenient transportation.

After entering the building, the survey team found that the logo of other companies is displayed on Office 102, which is inconsistent with the regulatory information. According to the information, it shall belong to the broker AUSFOREX.

To further verify whether AUSFOREX works in this building, the team came to Office 102. Also, there isn’t any information or logo of AUSFOREX. It seems that no one is working here because a potted flower stands in front of the door.

Conclusion

It is confirmed after the team’s site visit that there is no office of AUSFOREX at the address included in the regulatory information. In other words, the broker’s regulatory information is not true. Please be prudent if trading with this broker.

Disclaimer

The content is for informational purpose only, and shall not be taken as final order for making choice.

Broker Information

Regulated

AUSFOREX

Website：https://www.ausforex.asia/en-us/

5-10 years | Regulated in Cyprus | Regulated in United Kingdom | M…

Company Name：

AUS Group Limited

Company Abbreviation：

AUSFOREX

Official Email：

support.cn@ausforex.com

Customer Service Phone Number：

Country/Area of Registry：

United Kingdom

Twitter：

Facebook：

Hot Field Survey

AUS Group Limited

Cyprus

2020-09-21 VR Field Survey

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