Auric Markets Limited

Auric Markets Limited is a financial trading broker that was founded on March 4, 2024, making it a very new entrant in the online trading space. The company is registered in the United States, with its registered address at 75 Wall St, New York, NY 10005, USA. Despite its US registration, the company description also mentions a registration in Japan, which adds a layer of complexity to its corporate identity.

As a broker, Auric Markets aims to provide access to a broad range of financial markets, including forex, commodities, cryptocurrencies, and indices. The company emphasizes its multi-asset offering and the availability of a proprietary trading platform, ST5, which it positions as a key feature for its clients.

Auric Markets Limited states that it holds a license from the United States National Futures Association (NFA) with License No. 0562588. However, the company itself notes that this license is marked as 'Unauthorized' due to exceeding the permitted scope. This means that while the broker claims to have regulatory oversight, the status of that license is not fully compliant.

Our records indicate that no verified license is currently on file for Auric Markets Limited. This is a significant point for traders to consider, as regulation is a key factor in assessing broker reliability and safety.

Auric Markets offers a diverse range of tradable assets. According to the company, clients can trade 62 forex currency pairs, which is a substantial selection for forex traders. Additionally, the broker provides access to precious metals such as gold and silver, which are popular safe-haven assets.

For those interested in digital assets, Auric Markets includes mainstream cryptocurrencies like Bitcoin and Ethereum. The broker also offers major stock indices and crude oil, allowing traders to diversify their portfolios across different asset classes.

The broker promotes its ST5 platform as the primary trading interface. According to the company, the platform is designed to be smooth and efficient, with no delays, as highlighted by some user reviews. The platform is likely web-based, given the emphasis on ease of navigation.

Auric Markets also supports prospective clients by offering a demo account. This allows traders to test their strategies and familiarize themselves with the platform without risking real money. The availability of a demo account is a common feature among brokers, but it is particularly useful for beginners.

Specific details about account types and minimum deposit requirements are not disclosed in the available information. However, one user review mentions that you can start with just $10, which suggests that the minimum deposit might be relatively low. This could make the broker accessible to retail traders with limited capital.

It is important to note that the lack of official documentation on account tiers and minimum deposits means traders should verify these details directly with the broker before opening an account.

User reviews indicate that Auric Markets provides responsive customer support, with one reviewer noting that it is quick to get in touch with support. The website is described as easy to navigate, which contributes to a positive user experience.

However, there are also negative reviews, particularly concerning withdrawal issues. One trader reported being unable to withdraw funds due to a 50-trade minimum and then a tax issue on profits. These complaints raise concerns about the reliability of the broker's withdrawal process.

Given its low minimum deposit (as suggested by user reviews) and the availability of a demo account, Auric Markets appears to target retail traders, including beginners who may want to start with a small amount of capital. The diverse range of instruments also appeals to traders looking to diversify.

However, the lack of verified regulation and the reported withdrawal issues make it a high-risk choice. Traders who prioritize safety and regulatory compliance should approach with caution.