Score
Saint Lucia
|
1-2 years
| https://auromarkets.com
Website
Rating Index
MT4/5 Identification
Full License
Germany
LicensesNo valid regulatory information, please be aware of the risk!
Saint Lucia
Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong
auromarkets.com Singapore
VIP is not activated.
| Auro Markets Review Summary | |
| Founded | 2024 |
| Registered Country/Region | Saint Lucia |
| Regulation | No regulation |
| Market Instruments | Forex, CFDs, Metals, Indices |
| Demo Account | ✅ |
| Leverage | / |
| Spread | / |
| Trading Platform | MT5 |
| Minimum Deposit | / |
| Customer Support | 24/5 support |
| Email: support@auromarkets.com | |
| Registered Address: Ground Floor, The Sortheby Building Rodney Bay, Gros-Islet, Saint Lucia | |
| Facebook, X, Instagram | |
Auro Markets is a newly founded forex broker that is registered in Saint Lucia. The tradable instruments include forex, 30+ CFDs, metals, and indices. It also provides the MT5 platform. However, Auro Markets is risky due to its unregulated status.
| Pros | Cons |
| Various tradable instruments | No regulation |
| Demo accounts available | Unclear fee structure |
| MT5 available | No info on deposit and withdrawal |
Auro Markets is not regulated, making it less safe than regulated brokers. Please be aware of the risk!
Auro Markets offers a wide range of market instruments, including forex, 30+ CFDs, metals, and indices.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Indices | ✔ |
| CFDs | ✔ |
| Metals | ✔ |
| Stocks | ❌ |
| Cryptocurrencies | ❌ |
| ETFs | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| Mutual Funds | ❌ |
Auro Markets claims that the spread is competitive, and the commission is 0. The lower the spread, the faster the liquidity.
Auro Markets cooperates with the authoritative MT5 trading platform available on Windows, Android, and Mac OS to trade. Traders with rich experience are more suitable for using MT5. MT4 and MT5 not only provide various trading strategies but also implement EA systems.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT5 | ✔ | Windows, Android, Mac OS | Experienced traders |
| MT4 | ❌ | / | Beginners |
The main con of Auro Markets is its lack of regulation, which is a major red flag for me. Trading with an unregulated broker exposes you to greater risks, as there is no official oversight or investor protection. In addition, Auro Markets has an unclear fee structure, which could lead to hidden costs that traders may not be aware of initially. This lack of transparency can be frustrating, especially for those who want to know the full cost of their trades. There is also no clear information about deposit and withdrawal fees, leaving traders uncertain about potential hidden charges when transferring funds. Another disadvantage is that Auro Markets does not offer more diverse trading instruments like cryptocurrencies, stocks, or bonds. If you're looking to diversify your trading portfolio with a wide range of assets, this could be a limitation. These cons, particularly the unregulated status, would make me think twice before trading with Auro Markets. While the broker offers some appealing features, the risks of trading without regulatory oversight outweigh the benefits for me.
Auro Markets is not regulated, which, in my opinion, significantly lowers its safety profile compared to regulated brokers. The absence of regulatory oversight means that Auro Markets does not have the same level of scrutiny or investor protection. This leaves traders vulnerable to potential risks such as fraud or sudden changes in terms and conditions without proper safeguards. Personally, I believe that traders should always choose brokers who are regulated by reputable authorities, as this ensures a certain level of accountability and protects investor interests. While Auro Markets may offer a variety of trading instruments and the popular MT5 platform, these features alone cannot compensate for the lack of oversight and legal protection that comes with being unregulated. I would recommend that anyone considering trading with Auro Markets carefully weigh these risks and seek a regulated broker with proven financial protections.
Auro Markets is technically a legitimate broker in terms of its offerings, but its lack of regulation makes it riskier than many other brokers. In my view, while the broker may offer appealing conditions such as a variety of instruments and the popular MT5 platform, the absence of regulation is a significant concern. For me, the safety of my funds is a top priority when choosing a broker, and I feel more comfortable with regulated brokers that are overseen by recognized financial authorities. The lack of regulatory protection with Auro Markets means that if something were to go wrong, I wouldn't have access to the same level of recourse or customer protection that I would have with a regulated broker. For this reason, I would not personally trade with Auro Markets unless it obtains proper regulation from a well-respected authority.
Auro Markets offers a variety of trading instruments, including forex, CFDs, metals, and indices. However, it does not provide options for stocks, cryptocurrencies, ETFs, bonds, or mutual funds, which could be a limitation for traders who want a more diversified portfolio. Personally, I find the range of instruments offered by Auro Markets suitable for forex and CFD traders, but the lack of more traditional assets like stocks or cryptocurrencies might be a downside for investors who are looking for a broader range of market exposure.
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Ranjeet Singh
India
These are scammers when I had withdrawn 5000 usdt they wiped my account and deleted my account, they eat my 5000 usdt
Exposure
FX2952033509
India
My MT5 was removed and washed by auto trade by Auro Markets Ltd
Exposure
FX2805128509
India
1. My MT5 was removed and washed by auto trade by Auro Markets 2. Getting Personal Thade (** If any physical & Financial harm then Auro Markets fully Responsible) 3. Giving back $9117.54 is fully responsible by Auro Markets
Exposure
FX1304187698
Indonesia
Auro provides a pleasant trading experience. The transaction process is easy, withdrawals are smooth without any issues, and the charts match TradingView. So far everything has been going well, I am satisfied with this broker.
Positive
Iab
United States
I enjoyed my time with Auro markets. The MT5 platform works without problems, and the funding process is quick and easy. I've told my friends about it too.
Positive
FX3648549322
Thailand
The company, originally known as Profit FX Markets, has rebranded itself under the name Auro Markets. The owner, Vishal Jain, is linked to Mahavir Jewelers, located in Kathe Gali, Nashik. However, this company appears to be operating as a fraudulent entity, deceiving clients and manipulating their accounts. They reportedly engage in account washout tactics, where clients’ accounts are intentionally drained of funds through manipulation. It is alleged that Devendra Thakoor plays a role in facilitating these washouts, and in return, he is given a 50% commission for his involvement in the fraudulent activities. Furthermore, the company is involved in collecting funds through a separate platform under the name "Origo Markets." Despite taking clients’ money, Auro Markets fails to refund or return any funds to customers. This company’s unethical practices, including account manipulation, fund misappropriation, and refusal to return money, suggest it is operating as a scam rather than a legi
Exposure