A name and website change did not help Aurora Capital Finance escape our scrutinizing scam detector. We thus exposed this anonymous trading scam in our Aurora Capital Finance Review.
Please read our text to learn how this fraudulent broker uses a rigged platform, unfavorable trading conditions and deceitful practices to scam unsuspecting traders. If you are a victim of this scam, please contact us for help.
No, and it was easy to figure this out. We simply opened Aurora Capital Finance’s legal documentation in search of information about the company’s address, jurisdiction, and trading license. The text mentions Saint Vincent, as in Saint Vincent and the Grenadines (SVG), an infamous offshore domain where Forex trading isn’t regulated.
Since Aurora Capital Finance is unregulated, you can get scammed easily if you decide to trade with this fake broker. Therefore, we suggest you forget about Aurora Capital Finance and instead find a licensed provider, preferably regulated by top-tier financial market authorities.
Our recommendation is the CFTC & NFA (US), FCA (UK), ASIC (Australia), BaFin (Germany), IIROC (Canada), CySEC (Cyprus), etc. You will thus be entitled to numerous benefits such as negative balance protection, segregated funds, or even a compensation scheme (i.g. up to 20,000 EUR).
What about other Aurora Capital Finance Reviews? Traders were sharp to notice that this fraudster slightly changed the name of the business and the website domain. We found out about this on Trustpilot where traders complained about the Aurora Capital Finance scam.
Isn’t it suspicious that Aurora Capital Finance has 349 reviews and an average score of 4.8 (excellent)? It’s even more suspicious when you notice that all the 5-star reviews were written on the same day – May 9, 2023.
Below, we have posted the complaints and reviews for both domains to make you realize that the same scammer is behind both sites; it’s the same scheme. Contact us for help if your money is trapped with this broker.
Aurora Capital Finance is definately a scam. Please do not use this platform you will lose all your money. All the 5 star ratings on this site is because the company PAID other people and businesses to do it…
They recently changed their named website from auroracfinance.com to auroracfinances.com. They are still doing business online…
– Trustpilot user, May 6, 2023.
So basically, Aurora Capital Finance is not allowed to offer services in Canada, and in the European Economic Area, implying that the broker is not compliant with the regulations. Please heed these warnings and avoid Aurora.
Aurora Capital Finance’s scam relies on fake reviews. As mentioned, we found countless dishonest positive reviews, either paid or written by bots. The real reviews, i.e. complaints tell us how the scam works.
Namely, Aurora Capital Finance has a pushy manner in persuading clients to invest money. Once they do, they get a rigged and ineffective trading platform that shows fake profits. The real money is going into the scammer’s pocket.
According to GoDaddy’s WHOIS, this website has been active since February 27, 2023. Aurora Capital Finance mainly targets unsuspecting traders from the following countries:
The shady broker has been blacklisted in Canada, which is good news. We must urge the regulators of the remaining two countries to react as well and issue warnings against this unscrupulous con artist. All three domains boast strict regulations so there is no room for anonymous websites.
The Aurora Capital Finance trading platform is web-based. This lackluster and dubious platform actually uses the charts from TradingView, proving our point that Aurora offers a manipulated trading terminal.
It was obviously put there to make the whole platform seem legit when in reality, it is not. Aurora Capital Finance does not support valid third-party trading software such as MT4, MT5, or cTrader.
No, Aurora Capital Finance does not offer a mobile trading app. The platform is online so it can be accessed via any mobile device. That being said, we are strongly against you using this devious platform. Mobile trading offers numerous benefits and advantages such as trading on the go, but only if your broker is licensed.
According to the Aurora Capital Finance website, this shady platform includes the following trading assets:
Here is an overview of Aurora Capital Finance’s available trading accounts:
The minimum deposit was not specified so presumably the fraudster accepts everything. Each of these accounts allegedly offers numerous perks such as market analysis and 1-on-1 support. Of course, it’s just a ruse to attract traders. There are plenty of legit brokers that will allow you to open a Micro account for just 10 $.
A big disadvantage with this broker is that there is no demo account. Basically, you cannot trade unless you deposit real money and thus risk losing it. If you’re a beginner trader, not using a demo account is really bad for you. You should shift your attention to brokers that actually offer risk-free trading for a trial period.
Aurora Capital Finance’s leverage scales up with each higher account tier. It differs for Forex and crypto trading. For instance, the Basic account offer FX leverage up to 1:20 while the VIP account can be set at 1:100. The latter level is not in line with regulatory limits around the world (1:30 in Europe, 1:50 in North America).
As for the spreads, the Basic account’s spread is at a minimum of 2.4 pips, which is too wide to be profitable. The other accounts have variable spreads. Commissions range from 5% to 1.5%. These conditions alone will not guarantee profits at all.
According to the Terms and Conditions, Aurora Capital Finance accepts payments via two methods:
The minimum deposit amount was not specified. As for withdrawal requests, the company claims that the processing time is up to seven business days. The standard withdrawal fee is 5%. Dormant accounts (not accessed for longer than 90 days) are subject to a 10% or 100 $ handling fee.
To sum up, Aurora Capital Finance is an anonymous scam broker that mainly targets traders from the UK, Canada, and Australia. This website has been flagged as a scam by the financial market authorities of Canada and Italy.
If you are a victim of the Aurora Capital Finance scam, please book a free consultation with us. Our team will gladly go through the chargeback procedure with you and explain how the whole process works. You have to request a chargeback within 540 days of the transaction.
If you need help getting your money back, book a free consultation with us.
Aurora Capital Finance is an anonymous scam broker with no regulation. You must not invest money to trade with this scammer.
Aurora Capital Finance promises both CFDs and cryptocurrencies. However, you shouldn’t trade with this broker.
No, Aurora Capital Finance’s platform is fake. If this platform tricked you, we can help you recover your funds.
Aurora Capital Finance is an anonymous scam broker with no regulation. You must not invest money to trade with this scammer.
Aurora Capital Finance promises both CFDs and cryptocurrencies. However, you shouldn’t trade with this broker.
No, Aurora Capital Finance’s platform is fake. If this platform tricked you, we can help you recover your funds.
The post Aurora Capital Finance Review: What Are Their True Intentions? appeared first on Global Fraud Protection.
