Before us is a company with over 100,000 clients and experience operating since 2018. Meet – AU Venture, a CFD broker offering margin trading across various asset classes. At first glance, the firm gives a huge impression of a major brokerage intermediary, providing a full service for traders. However, upon closer examination, suspicions arise that this might be a scam. Despite having its headquarters in the UK, for unknown reasons, the organization has not obtained a license from the FCA, and the few reviews call into question the founding date. So, we need to delve into the company and make a verdict on whether one can trade here or not.
Table of Contents
Highlights
| 🏛️ Country | United Kingdom |
| ⚠️ Regulation | – |
| 🖥️ Website | https://auventure.com/, https://auventure.io/ |
| 🎲 Demo Account | No |
| ⏳ Start Time | 2023 |
| 💲 Minimum Deposit | $10,000 |
| ⚖️ Minimum and Maximum Leverage | 1:400 |
| ⚙️ Trading Platform | WebTrader |
| support@auventuregroup.com | |
| 📞 Phone | +441621738599, +61251201552 |
First Impression of Auventure.io
The official website of the broker is interestingly designed, one might even say with a touch of uniqueness. It is done in a modern style: informational blocks and graphic elements have a smooth transition and a good combination of black and turquoise colors. Graphic inserts consist of icons of cryptocurrencies, traditional currencies, money, and other financial elements. However, the overall structure of the website reminded us of the resources of other brokers. The firm uses similar informational sections and their placement, which we have encountered several times with other organizations.
Also, on the site, you can notice many motivational phrases, merits, and advantages without any evidence. The text clearly lacks specifics and details, and many points are simply ignored. The AU Venture site is presented only in English, important legal documents are not uploaded, and while page loading takes too long. Overall, one could give some average rating, as there are both pros and cons.
Partnership and Bonuses
The affiliate program is not mentioned on the broker’s website. Information about bonuses is available in the user agreement, meaning AU Venture offers clients bonus promotions. Bonus funds are provided by the firm under certain conditions. Before getting the opportunity to withdraw the bonus and the profit obtained from it, the user must trade a turnover that exceeds the bonus amount multiplied by its leverage, which is 35, and if the amount is more than 50%, then 40.
Account Opening on Auventure.io
It’s unclear how to open a personal account with the broker. When clicking “Sign up” or “Open account”, instead of a registration form, a login page appears. It’s a peculiar situation, indeed. Do managers know about this problem, or is it intentional? Why can’t one register an account to view the dashboard interface and peek into the trading platform? Moreover, the firm doesn’t even mention a demo account, so it’s absent.
Verification
The company follows the AML & KYC policy, hence it warns that it has the right to request documents from the client at any time to verify their identity and residence. The KYC procedure in AU Venture is standard. Additionally, if a credit/debit card is used to fund the deposit, a photo of the card with the CVV and half of the numbers hidden is required.
- None.
- The firm requires you to take a picture of your bank card.
Trading Software
Since creating an account with AU Venture is not possible, we have to take their word for what’s written on the official website. We have no other choice, but it’s essential to understand that the platform’s description might differ significantly from the actual trading terminal offered here.
The platform allows using various technical analysis tools, including indicators. The terminal operates not only through any browser but also on mobile devices. It features multichart views, pending orders, various types of charts, and multiple timeframes. The broker claims that the terminal has a user-friendly interface, flexible customization, data protection, and instant order execution.
| Features | AU Venture | Spotinvest | Luzuna |
|---|---|---|---|
| Demo Account | ❌ | ❌ | ❌ |
| Mobile App | ✔️ | ❌ | ✔️ |
| Own Development | ❌ | ❌ | ❌ |
How Can I Trade With AU Venture?
We have before us a CFD broker, so all trades are conducted exclusively with this type of instrument. Spot and futures types of assets are not available. The conditions and additional opportunities depend on the chosen tariff plan, which we will delve into more deeply later.
All Info About Accounts
The firm offers traders a choice of 5 account types. It’s worth noting immediately the substantial and somewhat unreasonable requirements for the minimum deposit. For instance, the first tariff requires a minimum deposit of $10,000, the second $50,000, and so on. The last account type is suitable only for those who can afford 1 million dollars. Is there really someone willing to invest even $10,000 in AU Venture? After all, the company is little-known and not popular.
There’s no point in examining each account type in detail. The “Silver” tariff includes leverage up to 1:100, a saving account, daily news, a weekly market review, an account manager, and a weekly portfolio progress report. The other tariffs imply increased leverage, up to 1:400, as well as a margin loan, invitations to special trading events, daily market reviews, working with a portfolio manager, sessions with a certified accountant, 24/7 account monitoring by a top analyst group, live stream trading webinars, 1 on 1 sessions with a market analyst, customized education, market signals, and in-depth research.
The number of additional services is vast, but they all seem pointless since there are no takers willing to invest large sums. The entire service revolves around certain analysts, personal managers, and other “professionals” from AU Venture. Who are these people? Do they have an education and certifications, and can they verify their qualifications and experience? Why is the leverage on the first tariff 1:100, and on the last one 1:400, when a trader depositing 1 million dollars would hardly need any leverage at all? Such a distribution of leverage should be the exact opposite.
Trading conditions can be discussed at length, but it’s immediately clear that they are unreasonable and unfavorable. Moreover, such parameters as spreads and commissions are not even disclosed. Both an Islamic account and a demo account are also missing. It’s unclear what the person who created such terrible conditions was thinking.
- None.
- Very high minimum deposit of $10,000.
- No information about spreads and commissions.
- Can’t try the demo, no Islamic account.
Market Analysis and Education With Auventure.io
In addition to the opportunities described in the tariff plans, the broker offers others. These include informers, calendars, calculators, and signals. The educational section in AU Venture consists of videos for both beginners and experienced traders, as well as educational lessons. Analytics includes the latest news, fundamental and technical analyses, and market trend determination.
Deposit, Withdrawal, and Fees
The system allows deposits via credit/debit bank cards and bank transfers. Other methods are not mentioned, nor are there any commissions.
| Features | AU Venture | Gainful Markets | MaxiWyse |
|---|---|---|---|
| Debit/Credit Cards | ✔️ | ✔️ | ✔️ |
| Electronic Payments | ❌ | ❌ | ❌ |
| Crypto Transfers | ❌ | ❌ | ✔️ |
| Deposit Fee | ❌ | ❌ | ❌ |
| Withdrawal Fee | ❌ | ❌ | ❌ |
How Can I Contact It?
The broker offers traders the option to contact managers using two phone numbers and email. However, there is no online chat for immediate communication, and social media accounts are also missing. Checking AU Venture’s contacts revealed nothing, so we moved on.
- None.
- No online chat for prompt communication.
- No social media accounts.
Is AU Venture Dangerous?
So, does the company resemble another Forex scam? More likely yes than no. The firm demands large sums for deposits, while not being of any significant standing. There are few reviews online, and the business model isn’t even disclosed. And it’s not disclosed because this project is a 100% B-Book broker that doesn’t route client trades to liquidity providers or ECN. Moreover, one can’t even register an account here. Let’s delve into when the organization was founded and its legitimate status.
How Long Does The Broker Work?
The company boldly claims to have been founded in 2018, but we know all too well that brokers often exaggerate their experience, so this information needs verification. The domain for AU Venture was registered in 2018 but updated in 2023. Perhaps the web archive can provide some insights. In 2021, the domain was up for sale, and seemingly, in 2023, it was bought by these scammers. So, their operational tenure is questionable at best. The scant reviews online also suggest a short period of operation.
We can’t know what happened to the site, but now the scammers are operating here https://auventure.io/. By the way, this domain was registered in August 2023.
How Is It Regulated?
The firm indicates its headquarters in London, UK. Well, let’s refer to the Financial Conduct Authority’s registry, which oversees the activities of British financial organizations. And as expected, such a broker is not listed there. Honestly, we’re not even surprised that AU Venture doesn’t have a license from the FCA.
We also decided to check if the company is genuinely registered in the UK, because how can a British broker not have a license from the FCA? The Companies House registry showed that AU Venture is not listed there. So, did the scammers deceive us with the legal address as well? Yes, they did.
The website provides an Australian phone number, hinting at the presence of an office in Australia, where the activities of brokerage intermediaries are overseen by ASIC. Of course, considering the fake office in the UK and the absence of a license from the FCA, it doesn’t make sense to check the ASIC registry, but just in case, we decided to do it. And unsurprisingly, AU Venture doesn’t exist in the ASIC either.
| Features | AU Venture | FxPro | Lig Broker |
|---|---|---|---|
| European Zone | ❌ | ✔️ | ❌ |
| Asian Zone | ❌ | ❌ | ❌ |
| American Zone | ❌ | ❌ | ❌ |
| African Zone | ❌ | ✔️ | ❌ |
| Offshore | ❌ | ✔️ | ❌ |
Frequently Asked Questions (FAQ)
How to Trade With AU Venture?
Is AU Venture Legit?
How Risky Is It?
Kevin Berry You know, I think it’s unlikely that people will fall victim to this scambroker. After all, the minimum deposit here is $10,000, which is a lot of money. Experienced traders know where to trade, so they won’t fall into this forex trap, and beginners simply can’t afford such amounts for trading. AU Venture are clear scammers, but the high minimum deposit and the absence of an open form for account registration suggest that the illegal company hasn’t deceived anyone for money. Either the fraudsters find their victims in some other way unknown to me. In any case, you should always check the broker intermediary before making a deposit, not after.
AU Venture rating
7 reviews about AU Venture
There are too few reviews online, so I immediately realized that the foundation date in 2018, which is indicated on the website of the fake organization, is fabricated. Just like the activity itself, a typical fake broker that deceives trusting traders for money. Spread truthful information about scammers so that no one gets fooled and doesn’t give their money to fraudsters.
What good can the scam broker AU Venture teach? Always check brokerage firms for suspicious facts and moments. It’s enough to verify that the scammers didn’t obtain a license from the FCA and also provided a fake address in the UK to understand that there’s nothing to do with this fraud project. Moreover, the requirements for the minimum deposit here are excessively large and inadequate. I haven’t seen a verified broker, with a bunch of licenses, offering to start trading with only a $10,000 deposit. It doesn’t happen, especially with forex firms. So, by all accounts and parameters, AU Venture is a scam and fraud broker where you definitely shouldn’t trade.
I have been waiting for my withdrawal for 2 month in spite of many emails of requests I definitely think it is a scam
Invested $200US made profit of $73US which AU Venture allowed me to withdraw. The initial 200 got up to 400 where I requested withdrawal of $400US on 7.12.2023, still waiting. Its a scam.
yes, this is a scam. i have been scammed $30,000
I subscribed and was phoned by a representative on how the stock market operates and the guaranteed investment return. After building a relationship with the same rep, I invested $5000.00. An account and platform was created for me to login and view the funds invested, and the profits I was receiving. This was showing good returns on investment. This followed by many phone calls on how well it was all going and the more money, the more returns. My (fake) account was good. I re invested another $10,000 and again, more profits made. Again followed by many calls and building a relationship, the rep spoke on the “silly season” being the best season to invest in the market. Another $10,000 was invested. by End of November, my (fake) account was showing approx $85,000 USD. At this point I requested, withdrawing $30,000. A withdraw is submitted on my account and acknowledge. My funds were not received and I questioned them. I was told the BANK was blocking the transfer and not releasing. They advised to open accounts to have the funds transferred as crypto. After many requests to have this done, finally they sent $30,000 USDT crypto funds. It was then proven by 2 crypto tech support accounts, these funds were fake and had no value. At this point they are requesting $14000 USD in tax funds to release the amount.
I have several attempts to withdraw my profit including few emails and chat on their website but no response until i had a call from one of their representatives without any identification he advised me to deposit more money in the account before i could withdraw money I declined then they blocked me and could npt log in to my account. it is a scam please be aware