Autu can fine you 5% of your deposits when it decides your activity is suspicious. The execution policy grants that right in one line, and it never defines suspicious.
Why this matters
Pay in $10,000 and Autu can keep $500 of it, on a judgement it makes alone. Nothing in the policy makes it warn you first or hear your side after.
Exhibit 1Every flagged clause gets its own number so you can point at this one. The number does not change, so a link to it keeps working.CriticalHow much this clause can cost you, in our reading. Critical can take your money or your profit. Warning can delay or limit it. Notice is simply worth knowing before you sign.Rarely seenHow ordinary this wording looks next to the contracts we read. This is our reading of the clause, not a count of other brokers.5%The figure this clause puts a number on, taken from the broker's own words.
فرض غرامة قدرها 5% على الودائع بسبب الأنشطة المشبوهة.
Buried at section 20 of 23 in the سياسة التنفيذ, 87% of the way through.We counted the numbered sections in the سياسة التنفيذ. This clause sits in section 20 of 23, about 87% of the way through. A fee written on the first page and the same fee written near the end are not the same disclosure.
What it costsThe same clause worked out on a round number, so you can see it in money or in days. It is an example, not a quotation.A $10,000 deposit carries a $500 penalty at 5%. Autu alone decides when the penalty applies.
Firms licensed by the FCA or CySEC must tell a retail client the costs and charges before they trade. This 5% sits in an execution policy, while Autu's funding page shows a $0 commission.
Autu Securities is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.
Our readingOur own comment on the clause, not the broker's words. Anything we quote is marked as a quotation.Bonus rules at other brokers usually cancel the bonus and the profit made with it. A percentage taken off money you paid in is a fine on your own capital, not the withdrawal of a reward.
- Same clause as Exhibit 2Both findings come from the same clause in the document.The fine and the power to hold your money are two items on the same short list of rights Autu reserves.