As their motto says, AussieTrust broker is reshaping online trading. And we could consider it the truth if we were speaking about reshaping it into the world of unregulated brokers that are blacklisted by foreign authorities.
Since we saw many complaints about this particular brokerage, we have decided to do our unbiased AussieTrust review to determine what is wrong with the brokerage company.
|Broker status:||Unregulated Australian Broker|
|Regulated by:||Unlicensed Brokerage (Scam Broker)|
|Blacklisted as a Scam by:||UK FCA|
|Broker Owner:||AussieTrust Ltd|
|Supported Trading Platforms:||WebTrader|
|Aussie Trust Minimum Deposit:||250 EUR|
|Crypto Assets:||16 Assets Available (BTC, ETH, XRP)|
|Trading Instruments:||Cryptocurrencies, Forex (FX), Commodities, Indices, Shares|
|Islamic Account:||Not Available|
|Free Demo Account:||No, only Live Account|
|Accepts US clients:||Not Accepted|
AussieTrust Regulation and Licensing Details
AussieTrust was established in 1997, allegedly by a group of traders. According to this organization, it’s a platform made by traders for traders, featuring everything an average investor might need. However, it took us long enough to find the owner, and even now, we are not sure. Since, as the owner, we found AussieTrust Ltd, it sounds a bit suspicious.
Also, once we asked is AussieTrust licensed & regulated, guess what we found?
Questions to AussieTrust License and Regulation
Likewise, AussieTrust regulation should come from ASIC since the company is Australian-based. However, once we checked ASIC, we found nothing. The company is not regulated by other Tier1 bodies, such as BaFin or FCA as well.
Scam Warnings Against AussieTrust
Additionally, like many scammers, AussieTrust is blacklisted as well. The UK regulator, FCA, published an official warning against this brand, stating that all those involved should immediately file a complaint about the broker. Also, they said the clients that fell for such a scam would have a hard time being reimbursed.
AussieTrust Reviews – The Truth About Broker
The broker has been reviewed on a couple of websites, including Trustpilot. If you look at what traders think, you will see that the AussieTrust forex broker is not as good as you might think. Despite its long-lasting name, they have nothing else to offer.
We will give you an example:
AUSSIE’ TRUST’ WOW THEY SHOULD CHANGE THEIR NAME!!! I INVESTED £3250.00 IN AUGUST 2020.
I’VE NEVER SEEN THIS MONEY!
THEY TOLD ME TO INITIATE A WITHDRAWAL SO I DID..
THEY TOLD ME THAT IT WAS CANCELLED.. SO I INITIATED THE WITHDRAWAL AGAIN. THEN I ACCESSED MY ACCOUNT ONLY TO FIND THEY HAD CREATED TRADES AND I LOST OVER £1K. I WAS NOT HAPPY…
IF YOU WANT TO KISS YOUR HAD EARNED MONEY GOODBYE – GIVE IT TO AUSSIETRUST. I see that there are one or two satisfied reviewers. Be sure they were written by the parasites at AussieTrust themselves. If you have spare cash, give it to your favourite charity. At least you will feel good.
AussieTrust Scam – How Does It Work?
According to many AussieTrust reviews we’ve seen, this broker has a sophisticated way of scamming. First of all, AussieTrust’s minimum deposit is 250 EUR, despite the company being in Australia. After you make this initial investment, you are prompted to add more funds. If you wish to make a withdrawal, the company uses AnyDesk software to connect to your PC and wipe out your bank account until there is nothing left.
AussieTrust Trading Platform Review
AussieTrust trading platform should be advanced since it’s made “by traders.” However, all we saw was another WebTrader, and not even a representable one. There’s the most basic chart with a couple of indicators and, of course, a direct page to deposit more money. So if you’re looking for a platform that will take everything you have, AussieTrust is the one.
AussieTrust App – Android & iOS Trading
Since the broker has only a WebTrader, a mobile app is not an option. However, it is possible to open a web trader from a web browser on your phone, whether it’s iOS or Android.
Be careful since the WebTrader was not programmed for the mobile user, and you might have missed some features.
- In addition, you can increase your trading knowledge by reading our updated PrimeXBT and AlpsMarkets broker reviews.
Assets You Can Trade With AussieTrust Broker
Speaking of available assets, the broker offers trading with currency pairs, commodities, indices, shares, and cryptocurrencies.
Here are the available options:
- 16 cryptocurrencies, including all the majors such as BTC, ETH, and XRP
- 17 indices including US and EU majors, Japan and Hong Kong
- 40+ biggest EU, Asian, and US stocks
- 35+ currency pairs, including majors and exotic pairs such as USD/ZAR and USD/TRY
- 8 commodities – Gold, Silver, Oil, etc.
However, we cannot say we are stunned by the offer.
AussieTrust Account Types
For now, AussieTrust broker offers 4 different account types different by the minimum deposit amount, leverage, and level of support. Here are your options:
- Silver account – 250 EUR, leverage up to 1:100, and almost no support
- Gold account – 10,000 EUR, leverage up to 1:200, minimal support
- Platinum account – 50,000 EUR, leverage up to 1:300, solid support
- VIP account – works only with invitations, highest leverage up to 1:400, and the best level of support, fastest withdrawal executions.
AussieTrust Demo Account
Without a doubt, AussieTrust Demo account is not an option, meaning traders will need to open a live account to explore the broker’s offer. Yet, you can check out the platform from the Trading Platform section of the website.
Scammed by AussieTrust broker? – We Know What to Do!
To sum up, Global Fraud Protection received numerous complaints about this broker. Believe us. You are not the only victim of the AussieTrust scam. We would love to hear your story and help you out.
Finally, if you were scammed by AussieTrust or any other illicit brokerage, do not hesitate to contact us. Our support is available via chat and ready to give you all the information regarding your particular case.
Don’t Let the Scammers Go Away for Free!
What is AussieTrust, and Should I Invest Money in it?
It is an online trading brokerage from Australia that has no regulations. Therefore, you shouldn’t invest your money.
Is AussieTrust legit or a scam?
Brokerage company is unregulated and has been backlisted by the FCA. It’s not a legit broker. Do not invest your money!
Are My Funds Safe with AussieTrust?
Since Aussie Trust is an unregulated broker, your funds are not safe with such.
Does AussieTrust Offer a Demo Account?
Broker does not offer a Demo account, meaning you can only test trading only with Live one.