AURORA CAPITAL MARKETS Account Types & How to Open

Aurora Capital Markets Pty Limited — trading as AURORA CAPITAL MARKETS on clientam.com — is a young Australian broker, registered in May 2025 and operating under an ASIC Forex Execution License (STP) with licence number 490749. In FXCanary's assessment, the firm presents a straightforward, execution-only model: it holds an Australian Financial Services licence, but the account structure itself is not publicly detailed in our records.

What we can say with confidence is that the broker's licensing points to a standard STP (straight-through processing) setup, which typically means client orders are passed directly to liquidity providers rather than being traded against the client. For traders, that usually translates into variable spreads and a commission-based or spread-based pricing model, depending on the account type. However, as of our review, Aurora Capital Markets has not published a full breakdown of its account tiers, minimum deposits, or leverage in the documents we have on file.

Our records do not list specific account tiers — such as Standard, Pro, or Islamic — for Aurora Capital Markets. The only account-related detail we can confirm is the regulatory classification: a Forex Execution License (STP) under ASIC. This is a meaningful distinction, as it signals that the broker is authorised to provide forex and CFD execution services, but it does not tell us the number of account variants or their features.

We cross-checked the public register and found no additional account documentation. In the absence of official disclosures, we cannot confirm whether the broker offers a demo account, a swap-free option, or a dedicated professional trader tier. Traders who prefer to compare account types before opening a position will need to contact the broker directly or wait for more transparent documentation. FXCanary's view is that a broker that does not publish its account terms is asking clients to trade on trust — a significant consideration given the firm's short operating history.

The minimum deposit for Aurora Capital Markets is not stated in our records. We do not have a figure for the initial funding requirement, nor do we have details on accepted payment methods, such as bank transfer, credit card, or e-wallets. This is a notable gap, because the minimum deposit is often the first practical hurdle a trader faces.

Without a disclosed minimum, we can only infer that the broker likely follows industry norms for STP brokers — which can range from as little as $50 to several hundred dollars — but we will not speculate. In our experience, a broker that fails to publish its minimum deposit is either still finalising its onboarding process or is not prioritising transparency. For a newly established firm, we would expect this information to be front and centre; its absence is a red flag that warrants caution.

ASIC imposes a leverage cap of 1:30 for retail clients on major forex pairs, and 1:20 for minors, gold, and major indices, with even lower caps for cryptocurrencies and other volatile assets. Aurora Capital Markets, as an ASIC-licensed STP broker, must comply with these restrictions for its Australian retail clients. We do not have the broker's specific leverage offering on file, but any advertised leverage above 1:30 for retail clients would be a violation of ASIC's product intervention order.

For traders outside Australia, the leverage may differ, depending on the entity they are onboarded to and the local regulations. However, our records show only the Australian entity, so we cannot confirm any offshore leverage tiers. In FXCanary's assessment, the 1:30 cap is a protective measure that reduces the risk of rapid account depletion — a particular concern with a broker that has no track record. We advise traders to treat any promise of 'unlimited' or 'high' leverage with suspicion, as it would contradict the ASIC framework.

Specific spreads and commission figures for Aurora Capital Markets are not disclosed in our records. We cannot state a typical spread for EUR/USD or any other instrument, nor can we confirm whether the broker charges a commission per lot or operates on a spread-only model. This is a significant omission for a broker that claims to offer execution services.

In the STP model, costs are usually transparent — either a tight spread with a commission, or a slightly wider spread with no commission. Without official numbers, we cannot evaluate whether the broker is competitive. We recommend that traders request a detailed schedule of costs before funding an account, and to compare it against the published rates of established ASIC-regulated brokers. A lack of cost transparency is a common characteristic of newly launched firms, but it is also a warning sign that the broker may not be ready for prime time.

Our records do not specify which trading platform Aurora Capital Markets offers. We cannot confirm whether it provides MetaTrader 4, MetaTrader 5, cTrader, or a proprietary web-based platform. For a modern STP broker, MT4 or MT5 would be the industry standard, but we have no evidence to support that assumption.

The absence of platform information is another transparency gap. Traders who rely on specific tools — such as Expert Advisors, algorithmic trading, or advanced charting — need to know the platform before opening an account. We advise contacting the broker to request a demo login to test the platform's execution speed and usability. Until we have concrete data, we cannot rate the trading experience.

Whether Aurora Capital Markets offers a demo account is not disclosed in our records. Many brokers provide a free demo to allow traders to test their platform and strategies without risking capital. For a new broker, a demo account is also a way to demonstrate reliability — but we have no confirmation that one exists.

If a demo is available, we would expect it to mirror the live account conditions, including spreads, leverage, and execution speed. We recommend that traders ask for a demo before committing funds, and to use it to evaluate the broker's order execution and customer support responsiveness. In the absence of a demo, the risk of trading with real money increases, especially with a broker that has no user reviews to fall back on.

The account opening process for Aurora Capital Markets is not detailed in our records. We do not know whether it is fully digital, how long verification takes, or what documents are required. As an ASIC-regulated entity, the broker is obliged to conduct standard Know Your Customer (KYC) checks, which typically involve proof of identity and proof of address.

We expect the process to be similar to other Australian brokers: an online application, submission of a passport or driver's licence, and a utility bill or bank statement. However, we cannot confirm the exact steps. A smooth and transparent KYC process is a sign of a well-run broker; a cumbersome or opaque one is a concern. We advise traders to prepare standard documents and to be wary of any request for unusual information or upfront fees.

In FXCanary's assessment, Aurora Capital Markets presents a classic case of a newly established broker with regulatory credentials but a lack of operational transparency. The ASIC licence (490749) is a positive signal, but the absence of published account details, minimum deposits, leverage, spreads, and platform information is a serious drawback for any trader considering opening an account.

Given the broker's elevated scam risk score of 53/100, driven by its short history and withdrawal complaints in about 21% of recent reviews, we advise extreme caution. Traders should not fund an account until the broker publishes a full account specification and demonstrates a track record of reliable withdrawals. Until then, the account offering remains an unknown quantity, and in the world of forex trading, the unknown is rarely your friend.