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The WikiFX Score of this broker is reduced because of too many complaints!


Australia|5-10 years|
Straight Through Processing(STP)|MT4 Full License|Regional Brokers|Vanuatu Retail Forex License Revoked|Medium potential risk|


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MT4/5 Identification

MT4/5 Identification

Full License

Server Name
AugsMarkets-Demo MT4
Server Location United States

The WikiFX Score of this broker is reduced because of too many complaints!


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WikiFX Risk Alerts 4
Previous Detection : 2024-07-20
  • VanuatuVFSC (license number: 700371) The regulatory status is abnormal, the official regulatory status is Revoked. Please be aware of the risk!
  • The AustraliaASIC regulation (license number: 374686) claimed by this broker is suspected to be clone. Please be aware of the risk!
  • The Vanuatu VFSC regulation with license number: 700371 is an offshore regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 5 for this broker in the past 3 months. Please be aware of the risk!

WikiFX Verification

AUGS · WikiFX Survey
Good An On-Site Inspect to AUGS in Australia

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AUGS · Company Summary

Registered Country/Region Australia
Regulation LFSA, VFSC
Minimum Deposit $500
Maximum Leverage 1:400
Minimum Spreads 1.5 pips on the EUR/USD pair
Trading Platform MT4 trading platform
Demo Account Yes
Trading Assets Forex, Precious Metals, Energies, Indices, and more
Payment Methods N/A
Customer Support Phone, Email Support

General Information & Regulation

AUGS Markets was established in 2011 and is headquartered in Sydney, Australia. AUGS Markets Limited is authorized and reguated by Vanuatu Financial Services Commission (VFSC), with regulatory license number 700371, and also regulated by Labuan Financial Services Authority (LFSA), with regulatory license number MB/21/0060.

Market Instruments

AUGS Markets offers mainstream and popular trading products on the global financial market for investors to choose from, mainly including Forex (major currency pairs and minor currency pairs), Precious Metals (gold, silver), Energies, Indices and CFDs, and other products.

Minimum Deposit

Two types of accounts are available: Standard accounts and ECN accounts. The minimum deposit for opening an account is $500, which is relatively high, not the good option for most brokers.

AUGS Markets Leverage

With regard to the trading leverage, the maximum leverage available on AUGS Markets platform is up to 1:400 for forex trading.

Spreads & Commissions

The main spreads for the standard account are EURUSD 1.5, USDJPY 1.6, GBPUSD 2.0, AUDUSD 1.6, Gold 2.4, Silver 2.1, and US Crude Oil 3. The main spreads for ECN accounts are EURUSD 0.3, USDJPY 0.4, the GBPUSD 1.0, AUDUSD 0.6, Gold 1.4, Silver 1.1, and US crude oil 3.

Trading Platform

AUGS MT4 provides traders with real-time mode trading functions and technical analysis functions, a large number of technical indicators and curves, custom indicators, and scripts. The platform supports a variety of CFD product trading, and the product categories are constantly increasing to meet the multi-faceted clients' needs. The platform currently has a web use version, desktop version, Apple and Android mobile applications.

Deposit & Withdrawal

The minimum deposit is $500. If traders choose wire transfer to withdraw money, the bank will charge a fee ranging from US$15-50, deducted from the amount of the withdrawal. And if traders choose CNY withdrawal, the exchange rate of it will be calculated based on the exchange rate of the payment gateway company.

Customer Supoprt

There is no dedicated customer support provided by AUGS Markets, and they can only be reached through email: Or you can also follow this broker on some social media platforms, such as Twitter, Facebook.

Pros & Cons

Pros Cons
Diversified range of trading instruments Offshore regulation
High leverage up to 1:500 High minimum deposit requirement
MT4 trading platform available Average spreads
No clear information on payment methods
Poor customer support

Frequently Asked Questions

What trading instruments does AUGS Markets provide?

AUGS Markets provides a series of trading instruments including forex, Precious metals, Energies, Indices, and CFDs.

Does AUGS Markets offer a demo account?

Yes, FX Open does offer a free demo account.

What is the minimum deposit requirements to open a live account with AUGS Markets

The minimum deposit to trade with AUGS Markets is $500.

Does AUGS Markets offer leverage?

Yes, the maximum trading leverage offered by AUGS Markets is up to 1:500.

What trading platform does AUGS Markets provide?

AUGS Markets provides access to the industry leading MT4 trading platform.

What spread can I expect on the AUGS Markets platform?

The spreads on the AUGS platform are not that competitive, with the EUR/USD pair from 1.5 pips, in line with the industry standards.

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