General Information & Regulation
The Sun Aura is an offshore broker operated by The Sun Aura Limited, a company registered in Saint Vincent and the Grenadines that doesnt hold any license to provide financial services. What is worse, the broker might be a clone frim, and such entities are typically part of a scam.
Markets Instruments
Tradable financial instruments available on the The Sun Aura include forex currency pairs, commodities, indices, stocks.
Minimum Deposit
The Sun Aura does not indicate its minimum initial deposit. And in most cases, most legit brokers would requires an account opening amount of $100 or so for traders to start real trading.
Leverage
The leverage offered by The Sun Aura, however, is not okay – 1:1000 is too much for retail traders, as a majority of the regulatory bodies out there have ruled.
Spreads & Commissions
The spreads on the platform are okay – a bit over the generally accepted 1 pip for major FX pairs like EURUSD.
Trading Platform Available
What The Sun Aura offers to its traders is not the industry-recognized MT4 or MT5 trading platform. Maybe some basic web-based or mobile app, we have no idea about it.
Deposit& Withdrawal
The Sun Aura only accepts deposits via Bitcoin. Bitcoin is not eligible for a chargeback at all. As for withdrawals, The Sun Aura never specifies what kind of fees it charges on them – but considering how shady the broker is already, we fully expect them to be quite difficult and expensive.
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