Ausfits Exposed: Unveiling the Truth Behind the Scam

Ausfits is a forex broker that claims to offer a wide range of trading services, including CFDs, forex, and cryptocurrencies. However, there are a number of red flags that suggest that Ausfits is a scam broker.

Company Overview

Ausfits is a relatively new broker, having been founded in 2022. The company is registered in the Marshall Islands, which is a well-known haven for scam brokers. Ausfits does not have any legitimate licenses or regulations.

Does Ausfits Have Any License?

No, Ausfits does not have any legitimate licenses or regulations. The company claims to be regulated by the Financial Conduct Authority (FCA) in the UK, but this is a lie. The FCA has issued a warning against Ausfits, stating that it is not authorized to provide financial services in the UK.

Is Ausfits Regulated By Any Authority?

No, Ausfits is not regulated by any authority. The company claims to be regulated by the International Financial Services Commission (IFSC) in Belize, but this is also a lie. The IFSC has not licensed Ausfits to provide financial services.

Pros and Cons

Pros:

Ausfits offers a wide range of trading instruments, including CFDs, forex, and cryptocurrencies.
The company offers a demo account, which allows you to test out its trading platform before you deposit any money.
Ausfits offers a variety of educational resources, such as webinars and tutorials.

Cons:

Ausfits are not regulated by any legitimate authority.
The company has a history of complaints from former clients.
Ausfits’s trading platform is slow and unreliable.
Ausfits’s spreads are high.

How Does Ausfits Reach To Their Prey?

They uses a variety of methods to reach out to potential victims. The company advertises heavily on social media and other online platforms. Ausfits also uses cold calling and email marketing to reach out to potential victims.

Technical Details

Minimum Deposit:

The minimum deposit requirement for Ausfits is $250.

Trading Platform:

Ausfits uses the MetaTrader 4 trading platform. MetaTrader 4 is a popular platform, but it is not the most reliable. The platform has been known to crash, and it is not as user-friendly as some other platforms.

Spread:

The spreads for Ausfits are high. The average spread for EUR/USD is 1.5 pips.

Leverages:

Ausfits offers leverage up to 1:500. This means that you can control a position worth $5000 with a deposit of $100. However, high leverage can be risky, and it can lead to large losses if the market moves against you.

Packages and Products They Offer

Ausfits offers a variety of packages and products, including:

A basic package that allows you to trade forex and CFDs.
A premium package that offers more features, such as access to live market analysis and educational resources.
A VIP package that offers the highest level of service, such as a dedicated account manager and priority withdrawal processing.

Withdrawal and Deposit Method

Ausfits offers a variety of withdrawal and deposit methods, including:

Credit cards
Debit cards
Wire transfers
E-wallets

What Do Their Previous Traders Say?

There are a number of complaints about Ausfits online. Former clients have accused the company of being a scam, and of refusing to return their funds.

Summing Up- Why Should Not You Trust Ausfits

There are a number of reasons why you should not trust Ausfits. The company is not regulated by any legitimate authority. It has a history of complaints from former clients. Its trading platform is slow and unreliable. Its spreads are high.

If Bad Things Happen, Where Can You Get The Quick Solution?

If you have lost money with Ausfits, you may be able to get your money back. There are a number of organizations that can help you, such as the Financial Ombudsman Service (FOS) in the UK and the Securities and Exchange Commission (SEC) in the US.

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Final Thoughts

Ausfits is a scam broker. Do not invest with this company. If you have already invested with Ausfits, you should try to get your money back as soon as possible.

We provide free consultation call and recovery service recommendations to help in recovering the lost fund.

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