Once we entered the BitAurox broker’s website, we noticed that everything was in German, with the possibility to use Google translate for all other languages.
The firm has a slick Bitcoin logo, advertising over 100 cryptocurrencies and 20+fiat currencies to trade in. With a low minimum deposit and the alleged headquarters in the UK, this trading firm looks solid. All until you start digging deeper.
Read our detailed BitAurox review and find out everything there is to know about the company.
|Broker Status:||Unregulated Scam Broker|
|Broker Regulation:||Unlicensed Forex Provider / No Regulation|
|Operating Status:||Active Forex Trading Scam|
|Blacklisted as a Scam by:||N/A|
|Headquarters Country:||UK (allegedly)|
|Mobile Trading:||Not Available|
|Crypto Trading:||Available – BTC, ETH, XRP|
|CFD Trading:||Yes, you can trade CFDs|
|Trading Instruments:||Currency pairs, cryptocurrencies, commodities, indices, shares|
|Islamic Account:||Not Available|
|Demo Account:||No, only live trading accounts|
|Accepts US Clients:||US traders are not accepted|
|Global Fraud Protection Team:||Don’t Invest in This Scam Broker!|
Is BitAurox a Scam Broker and Why?
BitAurox Forex and CFD brand is entirely anonymous. We could not find who the owner of the charade is and who’s in charge of complaints.
The firm listed headquarters in the UK, implying that BitAurox’s regulation should be with the UK authority body, FCA. Upon checking, we confirmed that FCA has never registered such a company.
BitAurox claims to provide online trading services from the UK but has no FCA license. The consumer index is low, indicating low trust in this brokerage.
Where Is BitAurox Trading Scam Active?
BitAurox trading scam started relatively recently, in August this year. Ever since, the company has earned a negative reputation among investors. The majority of those reporting scams come from:
How Does This Scam Broker Contact Victims?
Broker BitAurox and those similar to it advertise their scams on social media. Once you get hooked into the “get-rich-fast” scheme and leave your personal information, you can expect numerous unsolicited phone calls and messages.
The firm will send various offers via email and WhatsApp and even add you to private Telegram chats to make you feel special. Anything it takes to extort money from you.
If you have never signed up for online trading, you could be approached via social media – Facebook and Instagram comments and messages.
Finally, you may be contacted by a potential love prospect on social or dating apps. Romance and monetary schemes go together nowadays, with the prospect pretending to help you grow your savings and work towards the joint future.
Be wary. This scheme hits men and women equally and can take even a couple of months before you realize their interest was your money, not you.
What Trading Platforms Are Available?
The Platform section shows WebTrader as the only BitAurox trading platform. However, the Account Types page suggests that customers get access to MT4 and MT5.
Since we weren’t given access to any software upon registering an account, we can safely say that MetaTrader is used as a lure. Once you see the familiar name, you may be tempted to invest some money. However, you will most likely get a WebTrader or no trading software.
Can I Download BitAurox Mobile Trading App?
The website contains no links for platform downloads. Additionally, we were unable to access any software upon registering an account. Thus, we’re unsure whether BitAurox login is enabled through any apps or if you will have to use your Android or iOS web browser.
Like most online brokers, BitAurox enables CFD trading. Customers can invest in commodities, indices, shares, and cryptocurrencies through buying and selling. They’re bidding on the asset value, not holding the actual asset, making it easier to profit.
Those who purchase gold, for instance, have to wait for the value to increase to earn profit. You can simply open a selling position with CFDs if you believe the value will decrease and gain.
What Products Does BitAurox Offer?
You can invest in the following trading assets:
- Forex – AUD/CHF, GBP/ZAR, USD/TRY
- Indices – DJIA, NASDAQ, IBEX35
- Shares – Alphabet A, Amazon, Google
- Commodities – corn, natural gas, palladium
- Cryptocurrencies – ADA, MATIC, DOGE
BitAurox Trading Accounts – Demo and Real Accounts
If you’re still interested, we’ve prepared an overview of BitAurox account types.
- Bronze – $10,000, spread 1.0 pips
- Silver – $20,000, market execution, phone trading
- Gold – $50,000, personal account manager, no fee for Forex pairs
- Premium – $100,000, all trading instruments available
- Black – Contact Account Manager
While BitAurox’s minimum deposit is $100, you will get no perks. Instead, you’ll be pressured to upgrade your account to any of those mentioned above.
Can I Trade With a Demo Account?
BitAurox Demo account is not available. Upon registering an account, we couldn’t access the platform, not even for a review. Instead, we were asked to make an initial deposit right away.
There’s no need to risk your funds with bogus websites; you can find a Tier1 licensed services provider with a low initial deposit and a risk-free account.
BitAurox Withdrawal Issues and Withdrawal Fee Scam
According to BitAurox reviews, this firm is running a withdrawal fee scam. Since there’s no Withdrawal Policy to specify the terms and costs, clients were asked to pay hefty fees in advance before their requests were even approved.
Trading commissions should be deducted directly from the profit, and the broker cannot charge you any bank transfer fees. If asked for such deeds, decline it immediately and ensure to report the fraudster.
I Lost Money With the BitAurox Scam, What to Do?
If you find yourself a victim of a BitAurox scam, let us know. Global Fraud Protection is here to assist with the matter and help you get a refund.
Don’t wait for the website to disappear with your money. Report fraud now, while you have a chance!
All In All, Don’t Let the Scammers Get Away for Free!
What Is BitAurox, and Should I Invest Money In It?
BitAurox is an online Forex and CFD trading provider under the laws of SVG. Since the firm is unlicensed, you have no money-back guarantee. If you cannot get your money back, we may assist you with the refund.
Can I Trade Crypto and CFDs With BitAurox Broker?
You can trade both crypto and CFDs with this firm, but it’s not recommended since the firm is illicit.
Does BitAurox Offer a Demo Account?
BitAurox doesn’t offer a Demo account or any free platform overview.
Does BitAurox Give a Deposit Bonus?
The company hasn’t mentioned any bonuses, but ensure to check the terms if offered incentives of any kind.
What Is the BitAurox Minimum Deposit?
BitAurox requires a minimum deposit of $100, but it won’t bring you any perks.