About Auzz Trade
Company Overview
Auzz Trade is an online trading brokerage registered in Australia, with an establishment date of 14 April 2022. The company operates under the official domain auzztrade.com and presents itself as a provider of trading services to retail clients.
As of our review, Auzz Trade does not hold any regulatory licenses from financial authorities. This absence of oversight is a significant factor for traders to consider when evaluating the broker's trustworthiness and the protection of their funds.
Account Types and Minimum Deposits
The broker offers five distinct account tiers, each with a different minimum deposit requirement. The entry-level account is the EMERALD, requiring a minimum deposit of $200. The next tier is the RUBY account, with a minimum deposit of $5,000, followed by the GOLD account at $10,000. For higher-tier clients, the DIAMOND account requires a minimum deposit of $50,000, and the top-tier PLATINUM account demands a substantial $100,000 minimum deposit.
It is noteworthy that no maximum leverage figures are provided for any of these account types. This lack of information on leverage terms may make it difficult for traders to assess the risk profile of their trading activities.
Trading Instruments and Platforms
Our records indicate that the specific trading instruments available through Auzz Trade are not disclosed. Similarly, information about the trading platforms offered (such as MetaTrader 4, MetaTrader 5, or proprietary platforms) is absent from the known facts.
This lack of transparency regarding the product range and trading technology is a potential red flag for traders seeking a full-service brokerage experience.
Regulatory Status and Client Protection
Auzz Trade is not regulated by any recognised financial regulatory body. The known facts confirm that there are no regulators on file for this broker. This means that clients do not benefit from regulatory safeguards such as negative balance protection, segregated client accounts, or access to a compensation scheme.
Given the absence of regulation, traders should exercise extreme caution. The elevated scam risk score of 51/100 assigned by FXCanary underscores the need for thorough due diligence before committing any funds.
Target Audience
Based on the account structures, Auzz Trade appears to target a range of traders, from casual retail investors (with the $200 EMERALD account) to high-net-worth individuals (with the $100,000 PLATINUM account). However, the lack of regulatory oversight and limited public information make it a high-risk choice for any trader.
Prospective clients should weigh the broker's offerings against more established, regulated alternatives in the forex and CFD industry.
Overview compiled by FXCanary from regulatory records and public data. full Auzz Trade review