BEURAX

BEURAX is an Australia-based financial firm established on February 18, 2021. According to its own description, the company initially focused on cryptocurrency trading and later expanded to offer CFD and Forex trading services worldwide. The broker operates through a web-based platform, but specific details about available instruments are limited to crypto trading based on available information.

The company's headquarters are listed in Australia, though the exact address has not been independently verified by FXCanary. BEURAX claims to be a legitimate trading provider, but the lack of transparent operational history raises questions.

BEURAX does not hold any verified regulatory license from a recognized financial authority. The company reportedly displays an ASIC certificate on its website, but cross-checks with the Australian Securities and Investments Commission's public register show no match for this broker. This is a significant red flag for investor protection.

Without regulation, traders have no recourse in case of disputes or insolvency. The broker's trust rating on independent platforms is extremely low, with a Trustpilot score of 1.5/5 from over 122 reviews, and no rating on Forex Peace Army. Our Scam Risk Score of 75/100 (Severe) further emphasizes the risks involved.

BEURAX offers its own proprietary web-based trading platform. According to user feedback, the platform provides a real-time data feed of cryptocurrency prices such as BTC/USDT. Some users describe it as easy to use, while others report frequent downtime and technical issues.

No information is available regarding mobile app compatibility or advanced trading tools like charting software. The company has not disclosed whether it supports MetaTrader or other third-party platforms. Given the prevalence of platform outages reported, reliability is a major concern.

The broker advertises a low minimum deposit of $20, accepting cryptocurrency funding such as Bitcoin and Ethereum. Deposits are said to be processed quickly, but user experiences vary widely. The company sets a minimum withdrawal limit, which has been a point of confusion for some users.

Withdrawal complaints dominate the feedback: many users report that funds are locked, requests are ignored, or the website goes down just as they attempt to withdraw. Few positive reviews mention successful withdrawals, but these are often early experiences before the site became inaccessible.

BEURAX provides customer support through its platform and possibly via social media channels like Telegram. Some users praise the support team for being helpful and responsive, while others accuse them of disappearing when problems arise. The support team has been known to apologize for site outages and promise resumed withdrawals, but these promises often go unfulfilled.

No phone number or live chat details are publicly listed. The mixed feedback indicates that support quality may be inconsistent, with a tendency to fail during critical situations such as withdrawal issues.