Auu Global – Can You Trust Them?
Stop! It’s a Scam! Your money is not safe if you are trading with this unregulated, off-shore broker.
Auu Global - DO NOT TRADE WITH THIS PROVIDER
2.4/10
$100
Minimum Depositupdated 2021
Regulation is an extremely important factor for an authentic forex broker. Trading activities in the forex market involve high risk because of two main dangerous factors associated with the forex industry: the abundance of suspicious brokers and the volatility of the forex industry. For this reason, to shield the retail investors from these factors governments around the globe have established supervisory agencies that are responsible for placing restrictions on forex brokers and extend protections to the traders. In conjunction with this, there is another benefit that FCA licensed brokers offer to the traders which states that an investor cannot lose money more than he/she has invested as per the negative balance protection policy.
Try these regulated brokers if you want to start trading cryptocurrencies
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money
Plus500 is a FTSE 250 listed brokerage providing online trading services in CFDs, across 2,000+ securities and multiple asset classes.
Website URL: https://auuforex.com/
Founded: No information is given on the website
Regulations: Unregulated
Languages: English and Chinese (Simplified)
Deposit Methods: Wire transfer, Credit cards, and China Union Pay
Minimum Deposit: No information is given on the website
Free Demo Account: No any
Number of Assets: 250+ trading instruments
Types of Assets: Commodities, Cryptocurrencies, and Forex
Trading Accounts and Conditions:
There are only two types of trading accounts that Auu Global is offering to its customers: a real account and a simulated account. However, the broker has mentioned no more details related to these accounts.
Auu Global – Advantages:
Auu Global does not offer any advantages or trading bonuses to the clients for investing money with them.
Auu Global – Disadvantages:
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An Unregulated Enterprise
Regulation is an extremely important factor for an authentic forex broker. Trading activities in the forex market involve high risk because of two main dangerous factors associated with the forex industry: the abundance of suspicious brokers and the volatility of the forex industry. For this reason, to shield the retail investors from these factors governments around the globe have established supervisory agencies that are responsible for placing restrictions on forex brokers and extend protections to the traders. In conjunction with this, there is another benefit that FCA licensed brokers offer to the traders which states that an investor cannot lose money more than he/she has invested as per the negative balance protection policy. Whereas, unlicensed and disreputable entities like Auu Global cannot guarantee them. This broker does not even appear to be licensed by any government agency and never make such a claim either. No one even knows where it operates from and it does not claim any information to the public about its legitimacy such as license or registration numbers. There is only an email address mentioned in the contact detail section, which is quite barren. For an investor risking their funds with a broker, an email address is woefully insufficient to know who they are dealing with. That only should mean that the broker is deliberately hiding crucial legal information from the general public which is strong evidence of deception. Conversely, all legit brokers must mention the street address, phone numbers, and other vital information when the client’s handling money is concerned.
On top of that, the broker owns three different domains with the same type of web pages: auuforex.com, auu999.com, and auufxpro.com.
Subsequently, it is concluded that Auu global is an unlicensed and unregulated suspicious forex broker that hides essential information about its regulatory status and acts strangely.
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money
Plus500 is a FTSE 250 listed brokerage providing online trading services in CFDs, across 2,000+ securities and multiple asset classes.
The company was created as a combined effort of financial professionals and experts in web-commerce with the goal of perfecting the online experience for retail traders.
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Missing and Inadequate Essential Information
Similarly, the broker’s so-called website also lacks the most crucial document of terms and conditions. It means the variety of major and crucial information is unavailable to the investors. For example, what is the broker’s fee structure, what they charge for, and how much they charge, what are the withdrawal conditions and requirements, or how long it takes the withdrawal process, what is their minimum initial deposit and withdrawal amount, and what are their withdrawal fee charges? These vital details are completely unavailable to customers. Along with that, the broker does not specify what their leverage, spread, and other trading conditions are.
The broker specifies no dormant account policy and fee for the inactivity of the account. However, dormant account policy is very crucial to mention because it constitutes how this broker is going to deal with inactive or dormant accounts. This is because mistrustful brokers define unbearable conditions such as monthly percentage fees, which definitely mess up the client’s funds. Furthermore, Auu Global does not specify what their products and financial services are, and what bonuses and other trading incentives are offered. Additionally, there are no client agreements available and no partnership programs are introduced anywhere on its official website.
On account of the above-mentioned facts, we suggest the investors never make the mistake of investing their valuable funds with this dubious broker.
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Non-Modifiable Leverage Conditions
The maximum leverage level offered by Auu Global is 1:500 but the worrisome fact is that the minimum ratio available to the traders 1:100 which is a considerable disadvantage to the clients. It means that this broker will not let you modify the trading conditions according to your own preferences and is deliberately pushing the clients to trade in a way that is not safe. This proves the major red flag and fraud evidence against Auu Global. Contrarily, there is a leverage cap of 1:30 in the UK and EU imposed by the supervisory authorities as a customer protection measure because such high leverage ratios are considered risky for retail clients with little or no experience.
Conclusion
Auu Global is a spectacularly questionable broker and this fact is obvious from the first look of its website, which is written in impressively broken English and Chinese giving a horrible impression. Similarly, there are many broken links and images on its website, which is quite a superfluous issue, and a huge mess. Over and above that, people behind Auu Global may be actually looking to use client’s credit cards without their knowledge and consent. This is because there is a curious requirement from the broker side to upload both sides of the credit card the client intends to deposit with. Conversely, there are sometimes cases where a legit broker will ask you to verify that you are the cardholder to comply with anti-money laundering policies. However, they never will demand the client to upload the entire card.
Therefore, Auu Global is a fraudulent suspicious entity that does not look reliable and trustworthy. The lack of government oversight over it, missing legal documents like the terms and conditions section, and the bizarre demand for credit card copies are some of the shreds of evidence that prove Auu Global to be a disreputable and unregulated broker. It is better to avoid such brokers and choose the legit and trustworthy brokers that are authorized by well-known supervisory authorities.
Auu Global
Pros
- None
Cons
- An Unregulated enterprise
- Missing and inadequate essential information
- Non-modifiable leverage conditions
Do not trade with unregulated brokers that will steal your funds - try these regulated brokers:
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money
Plus500 is a FTSE 250 listed brokerage providing online trading services in CFDs, across 2,000+ securities and multiple asset classes.
The company was created as a combined effort of financial professionals and experts in web-commerce with the goal of perfecting the online experience for retail traders.
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