AUSFIT Review

About AUSFIT

AUSFIT operates under the name AUSFIT International Ltd., registered in Saint Vincent and the Grenadines with registration number 25198 IBC 2018, and claims a license number MB/22/0100 from the Labuan Financial Services Authority (FSA), though this is not found in the FSA registry (). The broker offers trading in multiple asset classes including forex, indices, energy (oil, natural gas), precious metals (gold, silver), stocks, and cryptocurrencies across a web-based platform and an app (Ausfit App and Web) rather than MetaTrader 4/5 (). AUSFIT presents high leverage terms, ranging from 1:400 up to 1:2000, and discusses deposit/withdrawal via Tether, wire transfer, and UnionPay (though details are unclear), with quoted minimum deposit of USD 1000 in one review but unspecified in others ().

Multiple independent investigations show AUSFIT is not regulated by any recognized financial authority. The claimed Labuan FSA license and registration with SVG FSA are unverified and absent in official registries (). The U.S. NFA number cited is flagged as a suspicious clone (). Customer reports include difficulty withdrawing funds, requests for upfront “tax” payments, and unresponsive support ().

Pros and cons

Pros

• Offers trading across several asset classes: forex, indices, energy, precious metals, stocks, cryptocurrencies ().
• Provides a proprietary trading platform and mobile app ().

Cons

• No valid regulatory authorization; false claims of licensing from Labuan FSA and SVG FSA ().
• Excessively high and inconsistent leverage levels (1:400 to 1:2000) ().
• Opaqueness around account types, fees, segregation of funds, negative balance protection ().
• Numerous complaints regarding withdrawal issues and deceptive fee demands ().