Ausprime Review – Cypriot Broker With Unreliable Features

Ausprime brokerage has been operating since 2017 under the ownership of AC Markets (Europe) Ltd. With their headquarters in Cyprus, you would expect them to comply with many top-tier regulations.

Indeed, they do. However, there are some things that are still unclear and could be way better. You can find all of those in our unbiased Ausprime review.

Legal Info: Is Ausprime Legit?

To see if the company is legitimate, you don’t need to complete the full Ausprime login procedure. Instead, you can just search registers for provided information. Indeed, Ausprime Cyprus brokerage is in the CySEC register.

On the positive side, traders can have comfort in trading due to a compensation scheme of up to 20.000 EUR. Yet, the brokerage is not licensed by any top-tier regulator, such as FCA, ASIC or BaFin. Which might be something every trader should strive for.

Who Are Ausprime’s Clients?

Since 2017, when the company started, it has been operating everywhere. Practically, they don’t have any restrictions. Except for the UK, where all brokers must have an FCA license or be on the TPR. Anyway,  AC Markets (Europe) Ltd clients mostly come from: 

• Australia
• Cyprus
• India
• United Arab Emirates
• Malaysia

Leave a comment below or contact us directly and share your experience with this broker. Ultimately, our team can advise you on further steps if you have any issues.

Investment Costs With Ausprime

Important to realize is that Ausprime company doesn’t offer any transparent trading conditions, which is quite a strange situation for a licensed broker. Only their leverage matches the European Securities and Markets Authority directive. So, you can trade safely within the 1:30 leverage range.

As for the other conditions, you’ll need to risk it and register with the broker. Sadly, not even a demo account is offered to check it out.

Ausprime Trading Features

Yet another surprise with this investment firm comes with its trading software. Instead of highly reputable cTrader or Meta Trader, they opt for a web trader. It’s not something that professional traders would ever want.

Especially knowing that such platforms can be easily manipulated. Which is not necessarily the case with Ausprime broker. In any case, you have many more brokers with fairly trusted software and regulations. To find out more about it, read our FXBTG review.

Is Ausprime Legit?

Generally, yes. The company has a valid trading license. But only one and not tier 1 ranked. On top of that, the company was changing names and domains very often. Therefore, you should just be extra cautious before investing any of the funds.

Available Trading Assets

Tradeable assets with this firm are quite solid. All 5 key categories are covered. Thus, you don’t know any conditions regarding those assets. With this in mind, you might look for other offers. Anyway, the choices are: 

• Forex – USD/EUR, EUR/SEK
• Commodities – gold, platinum
• Indices – DAX30, ASX200
• Shares – Amazon, Nvidia
• Cryptos – ETH, DOGE

Account Types

Practically, there are only two account type options. But none of them has any significant benefits. Except for higher spreads for experienced traders. So, you can choose between: 

• Professional trader
• Institutional trader

However, none of the minimum deposit requirements are revealed by the broker.

Mobile Trading App

One of the main disadvantages of this company is the missing mobile app. All iOS and Android users have to go through all of the troubles with browser access, which is, we all know, not the most convenient method for trading. To find out why, read our Sparklo review.

Demo Account

Along with the missing mobile app, you can also add a missing demo account. One of the most important features is testing the costs and tools. But with this broker, you’ll have to go all or nothing.

Education

As for education, we can say the company has very poor choices. You can only read articles and market news. But if you were looking for live sessions, webinars, or something advanced, look elsewhere.

Ausprime Withdrawal

Another key fact is a lack of transparency about funding and withdrawals. Practically, the company doesn’t have any policies. So, withdrawal processing time, method, and fees remain unknown.

Generally speaking, you don’t want to jump into the unknown, regardless of brokers’ regulations. To understand how that can cost you, read our comprehensive Emirex review.

Customer Support

Ausprime broker offers support 24 hours a day, five days a week. Thus, their business hours are from 9 AM to 6 PM on workdays. As for the contact options, you may choose between phone and e-mail. But there is also a web question form.

Key Information To Consider About Ausprime

Even though the broker is CySEC regulated, they have quite unclear conditions. Starting with minimum deposit, fees, commissions, and withdrawals. On top of that, the company practically doesn’t have any reviews online. Either positive or negative. Which is strange, especially for brokerages nowadays.

Nevertheless, you shouldn’t have problems to withdraw your funds. But if you do for some reason, don’t hesitate to contact our refund experts for advice. At least you’ll know what to do, and more importantly, for the first meeting, we won’t charge you anything. So, get in touch already today.

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