Auric Markets Limited
Pros and Cons
Pros
- Diverse trading instruments including 62 forex pairs
- Access to precious metals like gold and silver
- Trading platform: ST5 with user-friendly interface
- Demo account available for practice
- Dedicated customer support via email
Cons
- Not regulated by any recognized financial authority
- Lack of transparency regarding trading fees and commissions
- Only offers a limited selection of trading instruments
- Customer support available only via email
- Potential withdrawal issues reported by users
Basic Information
User Reviews
Auric Markets Limited Overview
Auric Markets Limited, established within the last 2 to 5 years, is headquartered in the United States. This brokerage firm operates in the forex trading sector but is currently unregulated, which is an important consideration for prospective traders seeking a compliant trading environment. Despite the lack of regulatory oversight, Auric Markets Limited provides access to various trading instruments, positioning itself as a participant in the competitive landscape of forex brokerage services.
The broker offers a range of trading products, including 62 forex currency pairs, precious metals like gold and silver, and popular cryptocurrencies such as Bitcoin and Ethereum. Traders can utilize the ST5 trading platform, which is designed to facilitate real-time trading with a user-friendly interface and various analytical tools. Customer support is available via email, aimed at resolving queries effectively. While Auric Markets Limited provides diverse trading opportunities, it’s essential for potential clients to consider the implications of trading with an unregulated broker and the associated risks.
Is Auric Markets Limited Safe? Regulation Analysis
Regulatory Information
Auric Markets Limited is not regulated by any recognized financial authority. This lack of regulation is a critical factor for traders considering this broker, as it implies a higher level of risk. Unregulated brokers do not offer the same level of investor protection that regulated firms are required to adhere to, which can expose clients to potential fraud and financial malpractice.
Trading Products and Services
What trading instruments does Auric Markets Limited offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | Major Pairs / Examples | 62 |
| Commodities | Gold, Silver | |
| Indices | Major Stock Indices | |
| Stocks | US, UK | |
| Cryptocurrencies | BTC, ETH |
Auric Markets Limited provides a diverse range of trading instruments, catering to various trader preferences and strategies. With access to 62 forex currency pairs, traders can engage in a broad spectrum of market movements. Additionally, the inclusion of precious metals like gold and silver offers opportunities for those looking to hedge against market volatility. The availability of popular cryptocurrencies such as Bitcoin and Ethereum enables traders to tap into the dynamic digital asset space. This extensive product offering supports different trading styles, whether for short-term technical trading or long-term investment strategies, allowing users to effectively diversify their portfolios and enhance their trading experience.
Account Types and Trading Conditions
What Account Types and Fees Does Auric Markets Limited Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Retail Account | Beginners and casual traders | Accessible trading options with a straightforward setup | Suitable for traders looking to explore forex and CFDs |
| Professional Account | Experienced traders | Potential for higher leverage and enhanced trading conditions | Requires a certain trading volume or experience level |
| Demo Account | All traders | Risk-free practice environment to test strategies | Ideal for newcomers wanting to familiarize themselves with trading |
Account Opening Process
To open an account with Auric Markets Limited, follow these steps: 1. Online Application: Visit the Auric Markets Limited website and click on the “Open Account” button. Fill out the online application form with your personal information, including your name, contact details, and residential address. 2. Submitting Information: You will need to provide additional information, including bank details for deposits and withdrawals. Upload scanned copies or clear photos of identification documents, such as a passport or driver’s license. 3. Examination and Review: After submitting your application and documents, Auric Markets Limited will review your information for compliance with internal policies. You will receive confirmation of the review process via email. 4. Deposit to Start Trading: Once approved, deposit funds into your trading account using the available methods. You can then log in to start trading forex and CFDs through the platform. Account flexibility allows you to upgrade to a professional account later on if desired.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (EUR/USD) | 0.8 | $0 | Tight spreads for major pairs |
| Forex (GBP/USD) | 1.0 | $0 | Competitive spreads for trading |
| CFDs (Stocks) | Variable | $X per lot | Commission applies per transaction |
| CFDs (Indices) | Variable | $X per lot | Commission may apply |
| Cryptos (BTC/USD) | 1.0% | 0.1% | Variable depending on market conditions |
Other Fees
In addition to trading fees, traders should be aware of the following potential costs: – Deposit/Withdrawal Fees: Costs associated with transferring funds to and from the trading account. – Inactivity Fees: Charges that may apply if the account remains inactive for a specified period. – Platform Usage Fees: Any fees related to using the trading platform, if applicable. – Overnight Interest (Swap Rates): Fees that may be incurred for holding positions overnight. – Currency Conversion Fees: Charges applied when converting funds between different currencies.
Trading Platforms and Apps
What Trading Platforms and Apps Does Auric Markets Limited Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| ST5 | Windows, macOS, iOS, Android | Real-time trading, user-friendly interface, technical indicators, secure login (encryption) | Demo account available |
| Web Version | Any device with internet access | Market search, multiple order types, price alerts | None specified |
| Mobile App | iOS, Android | Convenient access, push notifications, quick order execution | None specified |
Auric Markets Limited offers the ST5 trading platform which provides essential features for traders, such as real-time trading and a user-friendly interface. The platform is accessible on various devices including Windows, macOS, iOS, and Android, facilitating trading on the go. The mobile app enhances convenience with quick access to market data and alerts, while the web version supports comprehensive market searches and multiple order types. Overall, the platforms ensure secure logins and efficient trading conditions for users.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Bank Transfer | 3–5 business days | No platform fee | Min: $100, Max: $10,000/day | USD |
| Credit/Debit Card | Instant | No platform fee | Min: $50, Max: $5,000/day | USD |
| Cryptocurrency | Instant | No platform fee | Min: $50, Max: $10,000/day | BTC, ETH |
| E-wallets | Instant | 1.5% fee | Min: $50, Max: $5,000/day | USD |
Minimum Deposit
Auric Markets Limited requires a minimum deposit of $50 to open an account. This amount applies uniformly across all payment methods and account types, ensuring an accessible entry point for traders.
How to Withdraw
- Log in to your Auric Markets Limited 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, ensuring it meets the minimum and maximum limits.
- Confirm your withdrawal request.
- You will receive a confirmation email once your request is processed.
Customer Support
Auric Markets Limited Customer Support Overview
Support Channels
Auric Markets Limited offers customer support primarily through email. Traders can reach the support team at support@auricvip.com for assistance with any queries or issues they may encounter. This email support system is designed to ensure effective communication and problem resolution for clients seeking help.
Service Availability
The customer support service operates within specified business hours, although exact hours are not detailed. Multilingual support is not explicitly mentioned, suggesting that the primary language for communication is likely English.
Frequently Asked Questions
Auric Markets Limited is not regulated by any recognized financial authority. This lack of regulation is a crucial consideration for traders, as it implies a higher level of risk and does not provide the same level of investor protection that regulated brokers are required to follow.
Auric Markets Limited offers a diverse range of trading instruments, including 62 forex currency pairs, precious metals like gold and silver, and popular cryptocurrencies such as Bitcoin and Ethereum. This variety allows traders to explore different market movements and strategies.
Deposits can be made via bank transfer, credit/debit card, cryptocurrency, and e-wallets. The minimum deposit required to open an account is $50. Withdrawals can be initiated through the account dashboard, and it’s important to adhere to the specified limits for each payment method.
Customer support at Auric Markets Limited is primarily available via email at support@auricvip.com. The support team aims to assist clients with their queries and issues, although specifics about service hours are not detailed.
Related Forex Brokers
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.