AUSFIT Review – Avoid ausfitm.com Scam At All Cost!

Is AUSFIT a Scam Broker?

AUSFIT is a type of fraud broker that we have seen before. It was easy to recognize the fraud. Although the broker claims it is globally regulated by several authorities, it is not listed in any of their registers. Its registered address is in St. Vincent and Grenadines, an offshore area known as the “scam heaven”. This broker is also known for its scammy behavior, including high leverage, no information about account types and insecure payment methods. Do we need to continue?

AUSFIT Broker Pretending To Be Regulated

AUSFIT claims that its company name is AUSFIT Capital, with a registered address in St. Vincent & the Grenadines. This statement was sufficient to convince us that AUSFIT does not have a regulatory status. Why? This is because the country does not permit forex brokerage activities. Do not trust any company that claims otherwise. You can find the proof on the website for the local Financial Services Authority (FSA).

AUSFIT claims that it is fully regulated by Labuan Financial Services Authority. It also displays a license number. This was yet another lie. We searched the registers of this authority and found that AUSFIT was not there.

After learning all about the broker’s identity, it becomes completely absurd to believe its claims. It is obvious that the broker uses fake testimonials. The claims of “global awards”, however, are a fabrication.

AUSFIT states that client funds are kept separate in global investment banks, but we don’t believe this means that an unlicensed firm would be following any guidelines or rules.

AUSFIT Trading Assets

AUSFIT claims that it allows you to trade over 90 assets, including Forex, Indices and Energies, Metals as well as Cryptocurrencies, Stocks, Metals. Although we don’t know for sure if this is true, the number of trading instruments available seems to be sufficient. It’s not worth taking the chance to invest here. Numerous legitimate brokers offer the same portfolio and secure trading environments.

Choose only trustworthy and reliable brokers. You can read about the best ones in our article Best online brokers in 2023.

AUSFIT: Maximum Leverage, Deposit and Withdrawal

AUSFIT lists two types of leverage. On its homepage, it promises 1:400 leverage. However, in the “About us” section, the leverage is claimed to be as high as 1:2000! These volumes are extremely risky but the last is unacceptable and insane. We have not seen these reckless amounts, even from fraudsters. Reputable brokers offer leverage that conforms to the rules. In most countries that regulate forex brokerage activities, there is a limit on leverage – for example, 1:30 in the UK or the EU and 1 to 50 in the US. We recommend that you avoid AUSFIT and its unsecure trading conditions.

Every day new scam brokers and trading bots appear on the web with only one goal – to steal your money. We have already exposed some of them, for example – FKD, Trade Capitol, Millennium Operations.

AUSFIT does not clearly specify what minimum deposit it requires. We found out through its FAQ that the minimum deposit required by this broker was 1000 USD. This is quite a large amount considering that most brokers are willing to accept deposits of around 250 USD or less. Micro accounts only require 10 USD. AUSFIT made it almost impossible for this information to be found.

AUSFIT does not clearly indicate which payment methods it accepts. We were able to find some useful information after a thorough search. It promises a fast deposit-withdrawal system, with no hidden fees, and multiple payment options.

The FAQ states that the broker accepts deposits with wire transfer and Tether. According to the broker, execution takes less than a minute. Crypto transactions can be made anonymously and irreversibly, so it is best to avoid using them.

UnionPay and wire transfer are the withdrawal options. UnionPay orders are executed the same day. With wire transfers, withdrawals can take up to 7 business days depending on how long the bank takes to process, but should generally be completed within 3-7 business days.

AUSFIT: Video

Below you will find a short video about AUSFIT. Watch it so you don’t miss anything important. In a few minutes you’ll learn the whole truth about AUSFIT!