General Information
Registered in Saint Vincent and the Grenadines, AuraFB presents itself as an online forex broker providing various classes of trading instruments, such as Forex, CFD products, Metals, and Cryptos, and the minimum deposit to play with this broker is $5.
Concerning regulation, Aura FB is an offshore broker, operated by Lotens Partner LTD, A company under no valid regulation. Please be aware of the risk.
Market Instruments
With the AuraFB platform, investors are provided the opportunity to a series of trading instruments,
Including Foreign Exchange, CFD Products, Metals, and Cryptocurrency.
Account Types
Three types of trading accounts are on offer: Standard, Pro and Institutional. The Standard account is started with a minimum deposit of $50, designed for start-ups and small traders. The Pro account is suitable for advanced traders, asking for an initial deposit starting from $500. The Institutional account is designed for advanced traders, with a minimum deposit of $25,000 to start.
Leverage
When it comes to trading leverage, problematically, AuraFB allows its clients to use leverage of up to 1:200, much higher than the levels regarded appropriate by many regulators, with the maximum leverage for major forex up to 1:30 in Europe and Australia, and 1:50 in Canada and U.S.
Since leverage can magnify gains, it can also cause serious fund losses, especially to inexperienced traders. Therefore, it is wise for beginners to choose the smaller size no more than 1:10 until they gain more trading experience.
Spreads & Commissions
Spreads and commissions are significantly associated with trading accounts. With the Standard account, the spreads start from 1.2 pips, no commissions charged. The minimum spreads offered by the Institutional account is from 0.2 pips, charging an additional commission of $8.
Trading Platform
AuraFB provides access to the MT5 trading platform. The trading terminal remains the preferred choice for most FX traders (and brokers) globally, as it provides a full array of trading tools and features, robust charting package, over 50 built-in technical indicators, wide range of Expert Advisors (EAs), the option to create your own indicators and EAs, and extensive back-testing options for them.
Aside from the MT5 trading platform, some trading tools are also available, such as Forex Calculator, Economic Calendar.
Payment Methods
The minimum deposit to invest with this broker is $50. AuraFB allows its clients to make a deposit and withdrawal through some common payment methods, such as VISA, MasterCard, Skrill, Neteller, Google Pay. The minimum withdrawal amount is 0.0000900 BTC.
Deposit and withdrawal charges no fee. For deposit, funds can arrive at your account instantly, and for withdrawal, it takes 1-3 hours to approve the withdrawal and up to 5 minutes to transfer the funds.
Customer Support
If clients have any inquiries or trading-related issues, they can get in touch with AuraFB through the following contact channels:
Telephone: +971 553480356, +971 543201174
Email & A Contact Form
Registered Company Address: First Floor, First st, Vincent Bank Ltd Building James street, Kingstown, VC0100 St. Vincent and the Grenadines.
Or you can also follow this broker on some social media platforms, such as Facebook, Instagram, Linkedin,
Risk Warning
Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience.
The information presented in this article is intended solely for reference purposes.
