Ausprime
Pros and Cons
Pros
- Regulated by CySEC
- 70+ trading instruments including forex pairs, metals, and indices
- Offers prime of prime liquidity services
- Supports FIX API protocol for trading
- Professional and institutional account types available
Cons
- Limited regulation (only CySEC)
- No demo accounts available
- Lack of transparency on trading fees
- Absence of advanced trading tools
- No cryptocurrency trading options
Basic Information
User Reviews
Ausprime Overview
Founded in 2018 and headquartered in Limassol, Cyprus, Ausprime is a forex broker regulated by the Cyprus Securities and Exchange Commission (CySEC), holding a Market Maker (MM) License (License No. 350/17). With a commitment to transparency and regulatory compliance, Ausprime aims to provide a secure trading environment for its clients. The broker’s regulatory status is a crucial factor in establishing trust and credibility within the competitive forex market, allowing traders to engage with confidence in their trading activities.
Ausprime offers a diverse range of trading instruments, including over 70 forex pairs, alongside metals, indices, energy, and commodities. The broker supports advanced trading through platforms like MetaTrader 4 and 5, providing users with essential tools for effective market analysis and execution. Customer support is available 24/5, ensuring responsiveness via multiple channels, including phone and email. What sets Ausprime apart is its focus on prime of prime liquidity and the FIX API protocol, catering to both professional and institutional traders. These features, combined with a user-friendly trading interface, position Ausprime as a compelling choice for those seeking a reliable and innovative forex trading experience.
Is Ausprime Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| Cyprus Securities and Exchange Commission (CySEC) | Cyprus | Segregated Funds, Investor Compensation Fund |
Is Ausprime Regulated and How Are Client Funds Protected?
Ausprime is a regulated broker under the Cyprus Securities and Exchange Commission (CySEC), holding a Market Maker (MM) license. Client funds are protected through various safety measures, including the segregation of client funds from the company’s operational funds. Additionally, Ausprime participates in the Investor Compensation Fund, which provides further protection to investors in the event of the broker’s insolvency. This regulatory oversight aims to enhance the safety and integrity of trading operations, ensuring that clients can trade with confidence. Overall, Ausprime presents itself as a legitimate and regulated broker in the forex market.
Trading Products and Services
What trading instruments does Ausprime offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | EUR/USD, GBP/JPY, AUD/NZD | 70+ |
| Commodities | Gold, Silver, Crude Oil | Multiple |
| Indices | S&P 500, NASDAQ, DAX | Varies |
| Stocks | US (e.g. Apple, Tesla), UK (e.g. BP, Vodafone) | Varies |
| Cryptocurrencies | BTC, ETH | Varies |
Ausprime offers a diverse range of trading instruments across various asset categories, including Forex, commodities, indices, stocks, and cryptocurrencies. This variety caters to different types of traders, from beginners looking to enter the markets to seasoned professionals seeking to refine their strategies. With over 70 Forex pairs available, alongside commodities like gold and crude oil, traders can build diversified portfolios that align with their risk appetite and investment goals. The inclusion of multiple asset categories provides flexibility for adapting trading strategies, making Ausprime a suitable platform for both short-term trading and long-term investment approaches.
Account Types and Trading Conditions
What Account Types and Fees Does Ausprime Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Retail Account | Beginner traders | Low spreads, easy access to trading tools | Ideal for small capital investments |
| Professional Account | Experienced traders | Higher leverage, tighter spreads | Requires proof of trading experience and volume |
| Corporate Account | Corporate clients | Customized services, dedicated support | Requires corporate documentation |
| Islamic Account | Muslim traders | Swap-free trading options | Complies with Sharia law |
| Demo Account | All traders | No risk trading environment | Useful for practice and strategy testing |
Account Opening Process
To open an account with Ausprime, traders must complete several steps. Initially, applicants need to provide personal information, including their name, email address, and phone number. Next, employment details and financial information, such as income sources and trading experience, should be submitted.
Identity verification is necessary to ensure compliance with regulatory requirements. This involves uploading a valid ID and proof of address, such as a utility bill or bank statement.
Ausprime offers flexibility in account management, allowing clients to upgrade to a professional account later if they meet the necessary criteria.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (EUR/USD) | 0.8 | $0 (ECN: $3.5/lot) | Tight spreads for major pairs |
| Forex (GBP/USD) | 1.0 | $0 (ECN: $3.5/lot) | Standard spreads for major pairs |
| CFDs (Stocks) | 0.1% | $0.01 per share | Varies by stock |
| CFDs (Indices) | 0.5% | $1 per lot | Competitive for major indices |
| CFDs (Commodities) | 1.5% | $0.5 per lot | Varies by commodity type |
| Cryptos (BTC/USD) | 1.0% | 0.1% | Variable depending on market conditions |
Other Fees
In addition to trading fees, Ausprime may charge various other fees.
Deposit and withdrawal fees may apply depending on the payment method chosen by the trader. Inactivity fees may be charged if the account remains dormant for an extended period.
There could also be platform usage fees, particularly if advanced features are utilized. Traders should also be aware of overnight interest rates (swap rates) that apply to positions held overnight, and currency conversion fees may apply for accounts trading in different currencies.
Trading Platforms and Apps
What Trading Platforms and Apps Does Ausprime Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MT4 | Windows, macOS, iOS, Android | 2FA, multiple order types, price alerts, technical indicators | Demo accounts, VPS |
| MT5 | Windows, macOS, iOS, Android | 2FA, market depth, advanced charting, economic calendar | Demo accounts, VPS |
| Web Version | Any device with internet access | Encryption, symbol lookup, order types, push notifications | API interface |
| Mobile App | iOS, Android | Biometrics, one-click trading, real-time alerts | No |
Ausprime provides a range of trading platforms tailored for different trading styles. MT4 is favored for its user-friendly interface and extensive tools, while MT5 caters to advanced traders with additional features like market depth and advanced charting. The web version offers flexibility for trading on-the-go, and the mobile app ensures secure access and real-time alerts. Overall, Ausprime supports efficient mobile trading, secure login methods, and fast order execution, creating a robust trading environment.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| SEPA Transfer | 1-2 business days | No platform fee, 0.5% third-party fee | Min 100, Max 10,000 EUR/day | EUR, USD |
| GrabPay | Instant | No platform fee, 1.5% charge | Min 50, Max 5,000 SGD/day | SGD, USD |
| SPEI | Instant | No platform fee | Min 200, Max 20,000 MXN/day | MXN, USD |
| Bank Wire | 3-5 business days | No platform fee, 1% third-party fee | Min 500, Max 50,000 USD/day | USD |
| Credit/Debit Card | Instant | No platform fee, 2% processing fee | Min 100, Max 10,000 USD/day | USD, EUR |
Minimum Deposit
Ausprime requires a minimum deposit of $100 to open a trading account. This amount is consistent across all payment methods and account types, ensuring accessibility for all traders.
How to Withdraw
- Log into your Ausprime account.
- Navigate to the ‘Withdrawal’ section in your account dashboard.
- Select your preferred withdrawal method from the available options.
- Enter the amount you wish to withdraw, adhering to the limits set for your chosen payment method.
- Confirm the withdrawal details and submit your request.
- You will receive a notification once your withdrawal is processed.
Customer Support
Ausprime Customer Support Overview
Support Channels
Ausprime offers multiple contact methods to ensure that customers receive the assistance they need. Users can reach out via:
- Email: Customers can send inquiries to support@ausprime.eu for prompt assistance.
- Live Chat: A live chat feature is available on the Ausprime website for real-time support.
- Telephone: Customers can call +357 25752420 during support hours for direct assistance.
- Social Media: Ausprime maintains active social media profiles where users can also seek help and updates.
Service Availability
Ausprime’s customer service operates from Monday to Friday, 9 AM to 6 PM (GMT+2). Although it is not 24/7, the support team is dedicated to providing efficient service during these hours. Additionally, Ausprime offers multilingual support in several languages to cater to its diverse customer base.
Additional Resources
Beyond direct support, Ausprime provides educational resources such as video tutorials and market analysis to help traders enhance their skills and stay informed. These resources are designed to empower customers and improve their trading experiences.
Frequently Asked Questions
Yes, Ausprime is regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 350/17. This regulation ensures that Ausprime adheres to strict standards of compliance and client protection.
Ausprime offers a diverse range of trading conditions, including access to over 70 forex pairs, metals, indices, energy, and commodities. They provide both professional and institutional trading accounts, and utilize a prime of prime liquidity model to enhance trading efficiency.
Ausprime prioritizes the security of client funds by holding them in segregated accounts at reputable banks. Additionally, as a regulated entity, Ausprime adheres to strict compliance measures to protect clients’ investments and ensure transparent operations.
Ausprime provides multiple customer support channels, including phone support at +357 25752420, email support at support@ausprime.eu, and assistance via social media platforms. Their support team is available Monday to Friday from 9 AM to 6 PM.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.