Auxiliumfx

Auxiliumfx - Broker Summary

Auxiliumfx (former site auxilium-fx.com) is an online broker for forex and CFD trading in many financial markets. The website provides many different types of accounts and also has leverage. Also, popular trading platforms such as MetaTrader 5 (MT5) can be found on their site as well. There are also marketing claims regarding low-cost trading, demo accounts, and customer support.

Company Information

Auxiliumfx is marketed as an international online broker that targets retail and professional clients worldwide. They claim to be able to provide quick execution, low spreads, and have a global customer base. However, independent third-party sources have indicated that there are almost no public records of corporate ownership, leadership, or operating history for the broker.

Regulatory Information

Auxiliumfx does NOT have a valid regulatory license from any reputable financial market regulator such as the UK’s Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) or the Australian Securities and Investments Commission (ASIC). Although the broker is registered in Saint Lucia, being classified as an International Business Company (IBC) does NOT imply that the broker is regulated in connection with the provision of forex or CFD brokerage services; therefore, the broker's claims regarding regulation have NOT been verified or provide adequate oversight to customer activity.Auxiliumfx offers its clients multiple trading options. The broker lists three types of financial instruments available through the MT5 trading platform: Forex Currency Pairs, CFDs on Indices, and CFDs on Metals. The financial instruments offered through Auxiliumfx usually carry a maximum leverage ratio of 1:500 with varying spreads based on the account type. Some listings refer to a minimum standard deposit amount of around $100.

Auxiliumfx accounts can be categorized into one of four bank account types offered by the broker: Standard, Pro, ECN, and Elite — each bank type providing various minimum deposit and associated account conditions. There are no specific fees or commissions attached to the account type, and there may be no information available about margin requirements. Thus, an external independent source is not able to confirm the accuracy of the information associated with these accounts.

As previously mentioned, the broker provides trading through MetaTrader 5 (MT5), a widely used trading platform with robust capabilities for charting and order placement from multiple device types (i.e. PC, mobile). There is no confirmation of support for MetaTrader 4 (MT4) by the broker. Independent sources indicate that the Auxiliumfx broker website struggles with accessibility and offers a sub-par design.

Verification of broker claims against independent sources reveals the following key features for this broker:

• MT5 Trading Access: Provides Forex and CFD Trading through the MT5 Platform; however, no verification is available to confirm trading access.

• Multiple Account Types: Three acccount types (Standard, Pro, ECN) are mentioned from independent sources.

• Maximum Leverage of 1:500: Independent sources report maximum leverage of 1:500 but cannot confirm these terms.

• Demo Account Support: The broker advertises Demo Accounts; Independently verified sources report limited access to loss data.

Risk Disclosure and Warning

There are major regulatory concerns with Auxiliumfx; therefore the broker exhibits very high levels of risk including, among other things, the lack of regulatory oversight by any recognised global regulatory authority is a significant red flag regarding an online broker such as Auxiliumfx. Independent reviews of brokers list Auxiliumfx as an unregulated broker and state that it is not advisable for a trader to utilise the Auxiliumfx Trading Platform due to the lack of investor protection or verified operational credentials. Additionally, there are no independent websites where traders can access valuable user reviews/feedback of trades connected with this broker without undue hesitation.

Unregulated brokers may expose traders to the possibility of losing their funds; traders may also experience withdrawal restrictions and have no method of resolving disputes or obtaining compensation for their losses. Therefore, thoroughly performing due-diligence to Favour licensed/brokerage firms from recognised global regulators (FCA, CySEC, ASIC, or similar), should be considered.