Global Broker governance & inquiry App

Score

0123456789
.
0123456789
0123456789
/10

Aura FX

New Zealand|5-10 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|

https://www.aura-fx.com/home

Website

Rating Index

Contact

+64 988 97 872
info@aura-fx.com
https://www.aura-fx.com/home
41 Shortland St. Auckland, 1010 New Zealand

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Check whenever you want

Download App for complete information

Warning: Low score, please stay away!
Previous Detection : 2024-03-29
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Users who viewed Aura FX also viewed..

XM

9.04
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4/5 full license
Official website

FXCM

9.46
Score
Above 20 yearsRegulated in AustraliaMarket Making(MM)MT4/5 full license
Official website

FXGT.com

7.62
Score
2-5 yearsRegulated in CyprusMarket Making(MM)MT4/5 full license
Official website

FBS

8.75
Score
5-10 yearsRegulated in AustraliaMarket Making(MM)MT4/5 full license
Official website

Aura FX · Company Summary

Aura FX Basic Information
Founded in 2013
Registered Country New Zealand
Regulation Not Regulated
Tradable Assets 50 currency pairs, CFDs, commodities and indices, oil, gas, gold, and silver
Trading Platform MT4
Minimum Deposit $1000
Maximum Leverage 1:200
Spreads Fixed, on average 0.4 pip
Commission No
Payment Methods Deposit: VISA, MasterCard, Neteller, SkrillWithdrawal: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Neteller, Skrill
Customer Support Phone: +64 988 97 872Email: info@aura-fx.comSocial Media Platforms: Linkedin & Youtube

Overview of Aura FX

AuraFX is a New Zealand-based forex and CFD broker founded in 2013. The company offers a diverse range of tradable assets, including over 50 currency pairs, CFDs on commodities and indices, as well as CFDs on oil, gas, gold, and silver. Traders can access these markets through the popular MetaTrader4 (MT4) platform, which is available for both desktop and mobile devices. AuraFX provides a maximum leverage of 1:200 and offers fixed spreads averaging 0.4 pips on the EUR/USD pair, with no commissions charged on trades.

Overview of Aura FX

Regulation

Aura FX does not operate a regulated broker. Traders should be aware of the risk.

Regulation

Pros and Cons

On the plus side, AuraFX offers a diverse range of tradable assets - including forex, CFDs on commodities, indices, oil, gas, gold, and silver. It also provides solid leverage up to 1:200 and low spreads from 0.1 pips with no commissions. However, there are some drawbacks to consider: worryingly, AuraFX is not regulated, potentially lacking oversight. Moreover, the $1,000 minimum deposit is quite high. There have been reports of withdrawal issues too. And customer support is only available in English.

Pros Cons
  • Various popular products
  • Not regulated
  • Solid leverage up to 200:1
  • High minimum deposit
  • Low spreads, no commissions apply
  • Withdrawal issues
  • Customer service available in English only

Market Instruments

AuraFX provides traders with rich and popular tradable instruments to trade. In addition to offering over 50 currency pairs for forex trading, the broker allows its customers to trade CFDs on a variety of asset classes. These include CFDs on commodities such as oil, gas, gold, and silver, as well as CFDs on popular indices.

Account Types

When it comes to account types, AuraFX provides two options: a standard ECN account or an account with individually tailored conditions. Additionally, traders have the option to open a managed account, catering to those who prefer a more hands-off approach. The broker accommodates several account currencies, including NZD, AUD, USD, EUR, GBP, and AUS, adding convenience for traders from various regions. However, traders have to deposit at least $1,000 to open an account. This is a rather high threshold for a broker of this level.

Leverage

When it comes to leverage, AuraFX offers a competitive maximum leverage of 1:200. Although it is a solid ratio, it is not necessarily a good option for most traders, especially beginners.

Leverage

Spreads & Commissions

AuraFX's spread and commission structure is designed to be cost-effective for traders. The broker offers competitive spreads starting from 0.1 pip, with an average spread of 0.4 pip on the widely traded EUR/USD currency pair. Notably, AuraFX does not charge any additional commissions on trades, which can contribute to lower overall trading costs for its clients. This commission-free structure can be particularly attractive for traders who engage in high-frequency trading or those who prefer a straightforward pricing model.

Trading Platform

AuraFX has chosen to offer the widely popular MetaTrader4 (MT4) platform to its clients. This decision ensures that traders have access to a user-friendly and feature-rich trading environment that is familiar to many in the industry. The MT4 platform is available for both desktop and mobile devices, allowing traders to monitor and execute trades seamlessly across multiple platforms, catering to their preferred trading style and convenience.

Trading Platform

Deposit & Withdrawal

For funding their accounts, traders can use popular payment methods such as VISA, MasterCard, Neteller, and Skrill. This variety of options caters to traders with different preferences and ensures a smooth and efficient deposit process. Similarly, when it comes to withdrawals, AuraFX offers multiple options, including bank wire transfers (BankTransfer/SWIFT), VISA, MasterCard, Neteller, and Skrill, providing traders with flexibility and accessibility when managing their funds.

Customer Support

Clients can reach out to the broker's support team through various channels, including phone, email, and social media platforms. However, it is important to note that AuraFX currently offers customer support services in English only, which may present a limitation for traders who prefer to communicate in other languages.

Customer Support

Phone: +64 988 97 872

Email: info@aura-fx.com

Social Media:

Linkedin: https://www.linkedin.com/company/aura-fx

Youtube: https://www.youtube.com/channel/UCrhIMR_qP0XUjSSuRku_p0Q

Conclusion

In conclusion, AuraFX presents itself as a broker offering a diverse range of trading instruments, competitive trading conditions, and a user-friendly trading platform. However, it is important to note that the broker is not regulated, posing great risks for investors. What's more, while AuraFX provides several deposit and withdrawal options, the high minimum deposit requirement and potential withdrawal issues should be considered.

FAQs

Q: Is AuraFX a regulated broker?

A: No, according to the information provided, AuraFX is not a regulated broker.

Q: What is the minimum deposit required to open an account with AuraFX?

A: The minimum deposit required to open an account with AuraFX is $1,000.

Q: Does AuraFX charge any commissions on trades?

A: No, AuraFX does not charge any commissions on trades.

Q: What is the maximum leverage offered by AuraFX?

A: AuraFX offers a maximum leverage of 1:200.

Q: What customer support channels are available for AuraFX traders?

A: AuraFX provides customer support through phone (+64 988 97 872), email (info@aura-fx.com), and social media platforms like LinkedIn and YouTube.

Risk Warning

Online trading carries substantial risk, potentially leading to the total loss of invested funds. It may not be appropriate for all traders or investors. It's crucial to fully comprehend the associated risks before engaging in trading activities. Additionally, the content of this review is subject to change, reflecting updates in the company's services and policies. The review's creation date is also relevant, as information could have become outdated. Readers should confirm the latest information with the company prior to making any investment decisions. The responsibility for utilizing the information provided herein lies exclusively with the reader.

Broker Information

Company Name

Aura FX(NZ)Limited

Company Abbreviation

Aura FX

Regulatory Status

No Regulation

Platform registered country and region

New Zealand

Phone of the company
  • +64 988 97 872

Twitter

--

Facebook

--

Instagram

--

YouTube
Company address
  • 41 Shortland St. Auckland, 1010 New Zealand

Linkedin
WhatsApp

--

QQ

--

WeChat

--

Customer Service Email Address
  • info@aura-fx.com

Company Summary

User comment

0

Comments

Write a review

No comment yet

start to write first comment

TOP
Select Country/District
United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com