AURAFX

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Advantages:

Not found

Disadvantages:

Not found

About company:

AuraFX was founded in 2013. The New Zealand broker provides access to the Forex and CFD markets using the MT4 trading platform. The brand is backed by the New Zealand company AURA FX (NZ) Ltd. However, when installing the platform, the broker's name is different - Aura Group Ltd.

Products and services

AuraFX offers trading over 50 currency pairs, Contracts for Difference (CFDs) including European, American and Asian markets, CFDs on commodities and indices, oil, gas, gold and silver.

Asset security

AuraFX customer funds are kept in segregated accounts with a tier 1 bank. The broker does not have access to them. In addition, the company pays special attention to the procedure for withdrawing funds, on the one hand, this provides additional security, on the other hand, it significantly complicates the process of withdrawing profit.

Accounts and currencies

A standard ECN account is available to clients. The broker also opens accounts with individual conditions. It is possible to create managed accounts. Account currencies NZD, AUD, USD, EUR, GBP, AUS.

Minimum deposit

$ 300, while a minimum of $ 1000 is required to open an account. It should be noted that this is a fairly high entry threshold for a broker of this level.

Spreads and commissions

Spreads start from 0.1 pip. There are no commissions.

Leverage

The maximum leverage level offered by AuraFX is 1: 200, which is below average.

Trading PlatformsMetaTrader4Support

You can contact the support service by phone, Skype or e-mail indicated on the broker's page. You can also use a special feedback form on the company's website. Pay attention to the language of communication - English.

Reviews of traders

The broker is unknown in the Russian-speaking segment of the market. If we focus on the comments of foreign traders, then in general there is a negative image of the company.

Pros:

a wide range of investment instruments; deposit bonuses.

Minuses:

high entry threshold; lack of a license; complaints about problems with the withdrawal of funds; withdrawal of funds only by bank transfer; communication only in English.

FAQ - BROKER QUESTIONS AURAFX

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Can the broker AURAFX be considered honest?
Before any trading and choosing a broker, you should always read reviews on our portal, as well as on other resources. Brokers that are honest have a rating above 3.8. There is also always a risk of losing investments when trading CFDs. Be careful and read the risk warning on the broker's website. AURAFX received a rating of 1 out of 5 on our resource.