AuraFX Trading Limited is a CFD brokerage website, registered on April 30, 2024, that primarily offers financial derivative trading services such as forex, metals, commodities, indices, stocks, crude oil, and cryptocurrencies to retail and institutional clients. This brokerage does not provide services to jurisdictions where doing so would violate local laws or regulations.
Company Registration Information and Regulatory Status:
According to information disclosed on its official website, the company's full name is AuraFX Trading Limited (www.aurafx.co). The company claims to be an international investment services provider, dedicated to offering global trading services such as risk management solutions, international spot and futures CFDs to institutional and retail clients worldwide. It has established service centers in Australia, New Zealand, the United States, China, and other locations, with operations spanning the globe and long-term partnerships with financial investment institutions in over 11 countries. However, the brokerage has not disclosed its company registration or regulatory information on the website.
Upon investigation, a company with the same name was found in the UK Companies House, but no registration information was found in the UK Financial Conduct Authority (FCA).
Therefore, AuraFX Trading Limited (www.aurafx.co) turns out to be a fraudulent brokerage website without any corporate entity or regulation.
Account Opening Process:
To open an account with AuraFX Trading Limited, visit the official website, click "OPEN REAL ACCOUNT" on the homepage or in the top right corner to access the account registration page, fill in your name, email address, and set a login password as required. Submit the application form, and the account will be successfully registered upon submission. After logging in, identity verification is required before you can make deposits and trade.
Trading Account Information:
AuraFX Trading Limited's website does not disclose information related to spreads, trading leverage, account types, trading commissions, minimum/maximum trade volumes, maximum positions/order sizes, margin call/stop-out levels, minimum price precision, or contract sizes.
Trading Platform:
AuraFX Trading Limited offers the MT5 trading platform. MT5 is an excellent real-time trading platform with a clean, flexible, and stable interface, detailed dynamic quote analysis, customizable technical indicators, and support for automated trading systems.
Deposit and Withdrawal:
AuraFX Trading Limited does not clearly disclose its supported deposit and withdrawal methods, fees, or minimum deposit and withdrawal amounts on its website.
Conclusion:
Traderknows reminds investors that AuraFX Trading Limited is a fraudulent broker website with unclear registration and regulatory information. The only way to contact them is through email, making their contact method very limited. Traderknows advises investors to choose brokers with transparent information, strong regulation, and good reputation to avoid unnecessary financial losses.
Currently, this broker is marked as "Suspected Fraud" on Traderknows.
