AU Venture

AU Venture is trying hard to convince traders that it has been a reliable partner for financial market participants since 2018. To this end, the broker talks about creating the fastest and most technologically advanced trading platform, promising access to high-quality educational materials, and guaranteeing an individual approach to each user. However, these words are not supported by facts, and the facts suggest that we are dealing with another fraudulent project that intends to collect and appropriate the money of clients. Why are we so sure? Look below at our review of this scam platform, in which you will find an argued answer to this question.

Overview of AU Venture

Traders should rely on complete and detailed information about a broker when choosing one. Where can they find it? First and foremost, on the company’s official website.

Broker History

It is no secret that brokers with a solid history generate more trust among traders. Scammers are also well aware of this and often try to show that they have been successfully operating in the market for several years. AU Venture did the same, claiming that:

• It has been operating in the market since 2018.
• It is considered one of the leaders in the industry.
• It has attracted over 100,000 active traders from all over the world.

It looks impressive, but we will come back to verify these details later.

Auventure.io Website

The design of official website left a mixed impression. On the one hand, it is well-executed: the color combinations are well-chosen, and images are used widely but appropriately as attention-grabbing elements. On the other hand, the developers clearly went overboard in some areas. This is evidenced by the unjustified number of animated elements, which have little meaning but significantly slow down the loading of pages.

The content of the pages is far from perfect. For example:

• AU Venture does not provide information about the available trading instruments, except for a list in the account types list.
• There is no information on the official website about payment methods, deposit and withdrawal terms, and commissions (it is possible that they are in the documents, but this significantly increases the time required to familiarize yourself with the broker and make a decision about cooperation).
• It was also not possible to find a detailed description of the trading conditions.

More than half of the materials on the website are devoted to training and analytics. This is a rather strange picture. The broker does not publish the information that experienced traders need to make informed decisions. Instead, it pays too much attention to materials that may only be of interest to beginners.

It turns out that AU Venture is betting on novice market participants and is not at all interested in clients with trading experience. This tactic is characteristic of scammers: inexperienced users are unlikely to be able to identify a scammer, and it is undoubtedly easier to persuade them to deposit a large amount of money.

Trading Platform

The only way to judge the AU Venture trading platform is by the broker’s own words, as we were unable to access the software without opening an account. The company claims to have developed the fastest platform on the market and lists the following advantages:

• Instant order execution.
• Intuitive interface.
• Professional market analysis tools.
• Flexible settings.
• Complete security of user data.

Of course, there is no evidence to support these claims. It is unlikely that the drawn AU Venture images can be taken as evidence (it is even possible that they were not obtained on the working terminal).

On the other hand, there is another fact: unregistered users cannot download the desktop or mobile versions of the platforms. Why are there such restrictions? Perhaps the developers are concerned that the software will not be as great as they say. And after completing the registration process (taking into account all the problems with this process), the client will have nowhere else to go, and will have to work with the programs that are available.

Is AU Venture Trustworthy and Reliable?

To complete the picture, it remains only to analyze the official information about the broker: the place of registration, the availability of licenses, etc. What do the documents say about AU Venture?

Is the Broker Truly Legitimate?

The company states that the registered office is located at the above address in the United Kingdom. This information should be stored in the database of the Companies House and is easily verifiable.

A search by name returns 3 almost relevant results (the name AU Ventures is still different from AU Venture), and 2 of them belong to the same company. However, none of the companies have been operating since 2008, and they are not related to trading on financial markets.

Thus, we have a classic scam legend: using a name similar to the names of existing companies to pose as a legitimate broker. Beginners might take it for the truth, but such a trick doesn’t work with more experienced traders.

A check in the Australian registry, conducted just in case, also does not yield any results. It turns out that this project has no official registration.

It is pointless to look for a license from a company without official registration. Even the broker itself does not mention its availability and regulation by any of the European or offshore financial commissions. This means that it operates without permits, absolutely illegally.

Can the Broker’s Track Record Be Trusted?

In conclusion, it is time to remember the data from the history that AU Venture so carefully displays on its homepage. It is also easy to check them, just refer to the domain registration date data.

According to the whois service, the first domain was registered in May 2018, which should convince us of the reliability of the information on the broker’s website. However, checking snapshots in the web archive puts everything in its place. In 2018, 2019, and even 2021, the domain name was listed for sale by registrar HugeDomains.

It is logical to assume that the scammers bought it on the date specified as the date of the last update of the information – in September 2023. It turns out that the project has been in operation for less than 3 months at the time of writing the review, and there is no question of years of operation and hundreds of thousands of customer accounts. But we definitely saw how much trust can be placed in information published by AU Venture. By the way, today the broker uses auventure.io domain.

Analysis of Services Offered by AU Venture

The official website of the broker is full of claims about the advantages of working with it. We will carefully study the offers to understand if cooperation with the company is really so profitable.

Are Funding and Withdrawals Secure?

The official website of AU Venture does not mention any payment methods used. Only account holders can see the implementation of non-trading operations in their personal accounts. For the rest, the only source of information is the aforementioned document Regulations for Non-Trading Operations.

The text states that account funding and withdrawal can be made using the following methods:

• Bank transfers.
• Credit/debit card transfers.
• Online payment systems.

The details, such as the time it takes to complete transactions, limits, and commission fees, are not specified. However, there is an interesting fact: the user will need to confirm the SWIFT code of the operation if the bank transfer is sent in a currency other than the Russian ruble. We immediately had a couple of questions:

1. Why is no confirmation required for a transfer in RUB?
2. On what basis does a British broker accept Russian currency when there are restrictions on financial transactions with Russian banks?

Of course, we cannot assert this, but it seems to us that this fact hints that Russian scammers are operating under the guise of a British company. However, no other evidence of this was found.

Are the Trading Conditions Transparent and Fair?

One of the main questions traders ask when considering a broker is about the trading conditions. Regulated platforms try to provide as much information as possible in order to attract customers. Scammers, on the other hand, often avoid publishing this information to avoid questions from experienced traders that their support team is not prepared to answer.

AU Venture takes the second approach. Even the table with account types in the trading conditions only includes the minimum deposit, leverage, and list of available assets.

The broker offers five tariff plans:

• Silver: Start trading with a deposit of $10,000. Leverage is up to 1:100 for currency pairs and 1:1 for stocks.
• Gold: A deposit of $50,000 is required to start. This will allow you to double the leverage to 1:200 for Forex and 1:2 for stocks.
• Platinum: This tariff plan is recommended by the broker as the optimal one. The minimum deposit is $100,000, and the leverage is 1:200 and 1:2.
• Diamond: You can become the owner of this type of account with a balance of $250,000. The maximum leverage will increase to 1:300/1:4.
• Corporate: You can open it with a deposit of $1,000,000. Trading is conducted with a maximum leverage of 1:400, or 1:5 for stocks.

Currency pairs, stocks, and stock indices, commodity and raw materials assets, and cryptocurrencies are available. The number of available trading instruments differs only between tariff plans.

Of course, the broker includes much more options in the description of account types. However, most of them can hardly be attributed to trading conditions. For example, it is difficult for us to understand why access to daily market news or a weekly trade streaming webinar should be included in them.

However, for beginners on the market, such offers make sense. They can be attractive to those who do not have sufficient knowledge and experience to make trading decisions on their own. Here, the representatives have a huge field of activity – their analytics and advice are likely to lead to losses for the trader, which become profit for the broker.

Unique Features

AU Venture talks about its own educational and analytical materials as a huge achievement and a unique offer for clients. Experienced traders who have seen these publications rate them very low in their reviews. We fully agree with them – the proposed educational articles and video tutorials contain very little really useful information. It is simply impossible to learn how to work fully in financial markets on them.

The analytics, both fundamental and technical analysis, are also not very good. It does not provide a detailed overview of the situation in the markets, which makes it impossible to trust the provided recommendations. In addition, a cursory analysis of these recommendations showed that the specialists guess the development of events less than 50% of the time. Trading with such “analytics” is a direct path to losing your deposit.

Implications for Traders

AU Venture provides inaccurate information on its website, acts strangely when registering new clients, and is obviously operating without official registration and a license. We think that doubts that we are dealing with a scam broker have already been dispelled for everyone. To avoid becoming a victim of scammers, we recommend not opening accounts here (even if support representatives promise you mountains of gold) and certainly not sending funds to them.

Strengths and Weaknesses of AU Venture