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Resolved
Real experience! AUSFOREX is a rip-off.
Object
AUS GLOBAL AUS GLOBAL
Issue

Severe Slippage

Requirement

2020031816211517242

Amount

$250(USD)

Time

31day2hour

Mediation Progress
Resolved
FX2555469033
Reply
AUS GLOBAL
Our trading products are in a floating spread mode. The floating spread will expand or shrink due to changes in the market. As the market rises or falls when positions are locked, the spread may expand. At this time, the net value will decrease due to the increase in trading costs while it will increase if the situation is opposite. Margins can make the forex trading achieve huge profits. However, at the same time, this is accompanied by huge risks. Before deciding to conduct forex trading, customers should accurately understand all the phenomena that may occur in the market. As for the risks caused by market fluctuations, the company does not assume any responsibility.

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FX2555469033
I deposited $650 on this April 21. The salesman conned me that the spread was low, with $10 per lot. When trading, I found that the spread could reach 500 pips. It charged tens of dollars on 0.05 lot XAU/USD. As long as you closed the position, it could withhold net value. It is simply a fraud. I set the take-profit at 76.3 and stop-loss 70, it didn’t take profit for me but stopped losses at 67, which is a rip-off. Some clients reflected the problem of unavailable withdrawal. Take heed on it.

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