AUSFIT is a CFD broker registered in Saint Vincent and the Grenadines, primarily offering trading services in forex, indices, energy, precious metals, and stocks. The broker operates in various regions, including Asia, Europe, and Africa. Their official website is https://ausfitm.com, and it supports multiple languages, including English, Traditional Chinese, Japanese, Korean, Russian, German, French, Spanish, Arabic, Thai, and Vietnamese.
Company Background:
AUSFIT operates under the entity AUSFIT International Ltd., with registration number 25198 IBC 2018. The registered address for the broker is First Floor, St. Vincent Bank Ltd Building, James Street, Kingstown. The domain "ausfitm.com" was registered on February 17, 2023, indicating a relatively short period of online presence.
Regulatory Status:
AUSFIT claims to be regulated by multiple financial regulatory authorities. According to their official website, the broker is regulated by the Financial Services Authority of St. Vincent and the Grenadines, holding regulatory license number MB/22/0100. However, upon verification from the Financial Services Authority of St. Vincent and the Grenadines, there is no record of them issuing a regulatory license to AUSFIT International Ltd. This suggests that the company may have misrepresented its regulatory status, potentially involving false regulatory claims.
Market Instruments:
The broker offers a wide range of market instruments, including forex, indices, energy (oil and natural gas), precious metals (gold and silver), and stocks.
- Forex: Users can trade various currency pairs such as EURUSD, GBPUSD, AUDUSD, with each pair offering leverage of up to 1:400 and a minimum trade size of 0.01 lots.
- Indices: AUSFIT provides index trading opportunities, including D40EUR, 100GBP, F40EUR, 200AUD, NASUSD, among others.
- Energy: In the energy market, AUSFIT offers trading in oil and natural gas. Oil contracts are available as UKOUSD and USOUSD, with a contract size of 1000 barrels and a leverage of 1:400. Natural gas trading is offered as XNGUSD, with a contract size of 10,000 mmBtu and the same leverage.
- Precious Metals: Users can engage in trading gold and silver. Gold contracts have a size of 100 ounces, while silver contracts have a size of 5000 ounces, both with a maximum leverage of 1:400 and flexible minimum and maximum trade lot options.
Trading Platform:
AUSFIT does not utilize the MT4/MT5 trading platforms but has its proprietary trading platform. The platform is available for mobile and web use, with versions for both Android and Apple devices.
Spreads and Leverage:
The company offers trading options with spreads as low as 0 pips and leverage of up to 1:400. AUSFIT supports 24/5 trading services, allowing users to choose their preferred trading times.
Account Types:
AUSFIT offers real accounts tailored to different investors based on their deposit sizes. Additionally, they provide demo accounts designed for novice traders to experience the same functionalities and trading environment as real accounts, making them suitable for testing trading skills.
Deposit and Withdrawal Methods:
While AUSFIT claims to support various deposit and withdrawal methods, they have not explicitly listed these methods in the provided information. This lack of transparency can pose communication issues, as different methods may involve varying fees and limitations. Transparency and clarity are crucial in financial trading to ensure the protection of investors' rights and safety.
Customer Support:
Users can contact the company by sending an email to info@ausfitm.com to establish further communication.
Summary:
AUSFIT is a CFD broker offering trading services in forex, indices, energy, precious metals, and stocks. The broker falsely claims to be regulated by the Financial Services Authority of St. Vincent and the Grenadines with license number MB/22/0100. In reality, the company is not regulated by any financial regulatory authority, involving false regulatory claims and posing extremely high risks. Currently, AUSFIT is listed as "suspected fraud" on TraderKnows. Investors should exercise caution when using this platform for trading services.
