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Auroustrader
Regulators: SVG FSA
We strongly recommend that you steer clear of Auroustrader, an online broker merely registered with the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA).
Although Auroustrader claims to be registered with the SVG FSA, it's important to note that the SVG FSA has explicitly stated that it does not license forex trading brokerage activities within its jurisdiction. As such, if a forex broker only holds an SVG FSA license, investors should proceed with extreme caution. This is because their financial services are not subject to regulatory oversight, leaving investment funds unprotected by regulations.
We have consistently received complaints from investors who have dealt with brokers solely registered with the SVG FSA. These brokers often exhibit poor regulatory compliance and low credibility. Therefore, we strongly advise against using Auroustrader. Instead, we recommend opting for brokers that are fully regulated.
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FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.
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