Global Broker governance & inquiry App

Score

0123456789
.
0123456789
0123456789
/10

Ausprime

Cyprus|5-10 years|
Regulated in Cyprus|Market Making(MM)|Suspicious Scope of Business|High potential risk|

https://ausprime.eu/

Website

Rating Index

Contact

+357 25752420
info@ausprime.eu
https://ausprime.eu/
Room 102, 1st Floor Block B, Steratzias Court, No.41, Spyrou Kyprianou Ave, Mesa Geitonia 4003

Licenses

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

Single Core

1G

40G

Open Now

Contact number

English

+357 25752420

Broker Information

More

Company Name

AC Markets (Europe) Limited

Company Abbreviation

Ausprime

Platform registered country and region

Cyprus

Company website
Twitter
Facebook
Linkedin

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

WikiFX Risk Alerts 2
Previous Detection : 2024-03-28
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Users who viewed Ausprime also viewed..

XM

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

VT Markets

8.63
Score
5-10 yearsRegulated in AustraliaMarket Making(MM)MT4/5 full license
Official website

GO MARKETS

8.97
Score
Above 20 yearsRegulated in AustraliaMarket Making(MM)MT4/5 full license
Official website

AUS GLOBAL

7.54
Score
5-10 yearsRegulated in CyprusMarket Making(MM)MT4/5 full license
Official website
Pyramid scheme complaint
Expose

Ausprime · Company Summary

Aspect Information
Company Name Ausprime
Registered Country/Area Cyprus
Founded Year 2015
Regulation CYSEC
Minimum Deposit $10,000
Market Instruments Forex,Metals,indices&energy,Commodites
Account Types Professional trades,institutional traders
Spreads&commissions As low as 0 pip and no commisions
Trading Platforms MT4 and MT5 platform
Demo Account Available
Customer Support Email:info@ausprime.eu,Phone: +357 25752420
Deposit & Withdrawal Bank transfer,credit/debit card,trird party payment
Educational Resource Markets updates&Articles

Overview of Ausprime

Ausprime, established in 2015 and based in Cyprus, is a financial services company regulated by CYSEC. Catering primarily to professional and institutional traders, it requires a minimum deposit of $10,000.

The company offers a diverse range of market instruments, including Forex, metals, indices, energy, and commodities, with competitive spreads as low as 0 pip and no commissions. Ausprime provides access to popular trading platforms like MT4 and MT5, and also offers a demo account for practice trading.

Their customer support can be reached via email at info@ausprime.eu or phone at +357 25752420. For deposit and withdrawal, options include bank transfer, credit/debit card, and third-party payment. Additionally, Ausprime provides educational resources such as market updates and articles.

Overview of Ausprime

Is Ausprime Limited Legit or a Scam?

The Cyprus Securities and Exchange Commission regulates Ausprime, operating under the license number 350/17 since December 11, 2017. The company holds a Market Making (MM) license and is also authorized for Sharing.

Ausprime, with its registered office at Spyrou Kyprianou Avenue, Room 102, Block B, Steratzias Court, No.41, 4003, Mesa Geitonia, Limassol, Cyprus, can be contacted at compliance@lt-markets.com or by phone at +357 25 752 420.

Its operations include websites like www.lt-markets.com, www.ausforex.eu, www.acprime.eu, and www.ausprime.eu. The license does not have an expiry date, and the institution has provided certified documents such as Annex1, Annex2, and Annex3 for regulatory compliance.

Is Ausprime Limited Legit or a Scam?

Pros and Cons

Pros Cons
Regulated by Cyprus Securities and Exchange Commission Limited Transparency on Specific Services
Multiple Platforms Geographical Limitations
Market Making (MM) and Sharing Licenses Lack of Detailed Financial Information
Accessible Customer Service Complex Regulatory Environment
No Expiry Date on License Documentation Uncertainty

Pros:

  1. Regulated by Cyprus Securities and Exchange Commission: This ensures compliance with financial standards and offers a level of trust and security for clients.

  2. Multiple Platforms: The availability of various websites like www.lt-markets.com, www.ausforex.eu, etc., offers clients a range of options for accessing their services.

  3. Market Making (MM) and Sharing Licenses: This allows the company to engage in a broader range of financial activities, potentially offering more options to clients.

  4. Accessible Customer Service: The provision of an email address and phone number for the licensed institution facilitates easy communication for clients.

  5. No Expiry Date on License: The license's lack of an expiry date could imply a stable and long-term regulatory environment for the company.

Cons:

  1. Limited Transparency on Specific Services: The lack of detailed information about the specific services and products offered may lead to uncertainty for potential clients.

  2. Geographical Limitations: Being regulated primarily in Cyprus might limit the company's appeal or accessibility to clients in other jurisdictions.

  3. Lack of Detailed Financial Information: There is no information about financial health, performance, or client feedback, which can be important for evaluating a company's reliability.

  4. Complex Regulatory Environment: Operating under multiple regulations could potentially lead to complexities in compliance and client interaction.

  5. Documentation Uncertainty: The mention of “Annex1, Annex2, and Annex3” without detail might raise questions about the nature and contents of these documents.

Market Instruments

The market instruments offered by Ausprime, as mentioned in your initial information, include a diverse range of financial products. These are:

  1. Forex: This includes currency trading, allowing clients to speculate on the price movements of different currency pairs.

  2. Metals: Trading in various precious metals like gold and silver, which are often considered safe-haven assets.

  3. Indices & Energy: This likely refers to trading in stock market indices (like the S&P 500 or the NASDAQ) and energy commodities such as oil and natural gas.

  4. Commodities: This encompasses a range of tradable commodities, which might include agricultural products (like wheat, corn), along with other materials like metals and energy sources.

These instruments allow traders and investors to diversify their portfolios across different asset classes and market sectors.

Market Instruments
Market Instruments

Account Types

Ausprime offers two main types of accounts:

  1. Professional Traders Account: This type of account is designed for experienced traders with a significant trading volume and a deep understanding of the financial markets. It might offer features like lower spreads, higher leverage, and access to more complex trading instruments and tools.

  2. Institutional Traders Account: This account type is typically aimed at larger entities such as financial institutions, hedge funds, and other large-volume traders. These accounts usually come with bespoke services, including dedicated account managers, tailored pricing models, and access to institutional-grade trading platforms and tools.

Both account types indicate a focus on serving more experienced and high-volume traders, providing them with advanced tools and features suited to their trading needs.

Market Instruments
Market Instruments

How to Open an Account?

To open an account with Ausprime, you would typically follow these five steps in the onboarding process:

  1. Application: Begin by completing an application form. This usually involves providing personal details, financial information, and your trading experience.

  2. Client KYC (Know Your Customer) Documents: Submit the required KYC documents. These are essential for identity verification and may include a government-issued ID, proof of address, and possibly financial statements.

  3. Sign the Contracts: Review and sign the contractual agreements provided by Ausprime. These documents outline the terms and conditions of your account, including fees, services, and legal obligations.

  4. Send the Payment: Make the initial deposit as per the account type you are opening. The minimum deposit amount and payment methods (like bank transfer or credit card) should be specified by the company.

  5. API Trading (if applicable): If you intend to use API trading, complete any additional steps required to set this up. This might involve technical setup for integrating your trading algorithms or software with the company's trading platform.

Each step in this process is designed to ensure regulatory compliance, security, and a clear understanding of the services and responsibilities between you and Ausprime.

How to Open an Account?

Spreads &Commissions

The spreads and commissions for Ausprime, as provided in your initial information, are described as follows:

  • Spreads: The company offers spreads “as low as 0 pip”. This implies extremely tight spreads, which can be particularly beneficial for high-frequency traders or those trading large volumes. A spread of 0 pip typically means there is no difference between the bid and ask price, which is rare and usually offered under specific trading conditions.

  • Commissions: It is mentioned that there are “no commissions”. This indicates that the company does not charge a separate trading commission on trades. This can be advantageous for traders as it reduces the cost per trade, making it more cost-effective, especially for those who trade frequently.

Trading Platform

Mur Fx Markets utilizes the MetaTrader 5 (MT5) platform for its trading activities across all account types. MT5 is a highly advanced and widely recognized trading platform known for its robust functionality and versatility.

It offers a range of features including advanced charting tools, numerous technical indicators, algorithmic trading capabilities through Expert Advisors (EAs), and comprehensive market analysis tools.

The platform supports trading in forex, commodities, and indices, aligning with the market instruments offered by Mur Fx Markets. MT5 is designed to cater to both novice and experienced traders, offering a user-friendly interface while also providing sophisticated features for complex trading strategies.

Its multi-asset trading capability makes it a popular choice among traders looking for a comprehensive and efficient trading experience.

Trading Platform

Deposit & Withdrawal

For Ausprime, the deposit and withdrawal options, along with the minimum deposit requirement, are as follows:

  1. Minimum Deposit: The company requires a minimum deposit of $10,000. This relatively high minimum deposit indicates that the services are targeted towards more experienced or professional traders with a significant amount of capital.

  2. Deposit Methods:

    1. Bank Transfer: This traditional method allows for secure transfer of funds directly from your bank account to your trading account.

    2. Credit/Debit Card: This common method offers a convenient way to deposit funds using major credit or debit cards.

    3. Third-Party Payment: The company also accepts deposits via third-party payment systems, which could include online payment platforms or e-wallets. The specifics of these platforms would need to be confirmed with the company.

  3. Withdrawal Methods: While specific withdrawal methods are not detailed in the provided information, they typically mirror deposit methods. Withdrawals are usually processed via the same channels as deposits, such as bank transfers, credit/debit cards, and potentially third-party payment systems.

However,each method of deposit and withdrawal come with its own processing times, fees, and limits, which should be clarified with the company for efficient and cost-effective fund management.

Deposit & Withdrawal

Customer Support

Ausprime provides customer support with their offices located at Room 102, 1st Floor Block B, Steratzias Court, No.41, Spyrou Kyprianou Ave, Mesa Geitonia 4003.

They are available from Monday to Friday, between 9 AM and 6 PM, likely reflecting local Cyprus time. Clients and interested parties can reach out to them via email at info@ausprime.eu for inquiries, support, or assistance.

Additionally, for more direct or immediate communication, they offer a phone support service at +357 25752420. This setup indicates a commitment to providing accessible and timely support for their clients' needs and queries.

Customer Support

Educational Resources

Ausprime provides a comprehensive educational resource for its clients, focusing on continuous information and knowledge as key components for long-term trading success.

Their offerings include detailed analyses of various market scenarios and their potential impacts on trading strategies, covering assets like forex majors, minors, exotics, as well as metals, indices, and commodities.

AUSPRIME is committed to delivering reliable and timely news and analysis as events unfold in the markets. Additionally, they provide daily market updates and a list of scheduled economic releases, aiding clients in developing risk management strategies during significant news events.

Educational Resources

Conclusion

Ausprime, regulated by the Cyprus Securities and Exchange Commission, offers a specialized trading environment for professional and institutional traders.

With a high minimum deposit requirement, access to MT4 and MT5 platforms, and a focus on Forex and various other market instruments, it caters to experienced traders.

The company emphasizes providing up-to-date market analysis and educational resources, while ensuring client support through accessible contact methods.

FAQs

Q:What trading platforms are available?

A:The company offers the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, which are popular for their advanced features and user-friendly interfaces.

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

A:The minimum deposit required to open an account with Ausprime is $10,000, indicating a focus on more experienced traders.

Q:Are there any demo accounts available?

A:Information about demo accounts isn't specified, but typically, companies offering MT4 and MT5 platforms provide demo accounts for practice trading.

Q:What types of accounts does Ausprime offer?

A:The company offers accounts for professional traders and institutional traders.

Q:What are the spreads and commissions?

A:Ausprime advertises spreads as low as 0 pip and offers commission-free trading, which is beneficial for frequent traders.

Q:How can I deposit or withdraw funds?

A:Deposits and withdrawals can be made via bank transfer, credit/debit cards, and third-party payment systems.

Q:How can I contact customer support?

A:Customer support can be reached at their office in Cyprus, via email at info@ausprime.eu, or by phone at +357 25752420, available Monday through Friday from 9 AM to 6 PM.

User Reviews

Sort by content

  • Sort by content
  • Sort by time

User comment

3

Comments

Write a review

FX1049448248
more than one year
I am a newbie and lately I have been looking at forex brokers. There are really too many forex brokers on wikifx! When I searched for this company I freaked out and even double checked if I was wrong. A minimum deposit of $20,000? Is this a broker exclusively for the rich?
2022-11-27 11:02
Reply
0
0
乐子
more than one year
Many brokers will provide mini accounts, and generally, the minimum deposit is less than $100, or even only $10, but here, you must deposit at least €20,000 before you can start trading. It is too insecure to put so much money on them. Their trading conditions are very opaque, and the well-known mt4 and mt5 trading platforms are both unsupportable.
2022-11-24 14:31
Reply
0
0
信仰41409
more than one year
I traded with this broker one years ago, they were professional, their customer support team so nice. I didn’t meet any problems during my trading process. In terms of withdrawal, they processed the withdrawal requests quickly, I got my money during the day. A reliable platform, I would recommend it to you.
2022-11-24 10:02
Reply
0
0
1
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