Auralibit (auralibit.net) has been flagged by ASIC (Australia) for "Unlicensed". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: auralibit.net.
Auralibit (auralibit.net) changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.
Pros: Wide product range|Customizable dashboard|Stable platform|Two-factor authentication
Cons: Email notifications too frequent
The only good thing about Auralibit (auralibit.net) is that they remind you why regulation matters. I found them after a trusted YouTuber reviewed them. They are regulated in a jurisdiction with weak consumer protection. When things went wrong I had nowhere to turn. Stick to well-regulated brokers.
Pros: Easy withdrawals|Customizable dashboard
Cons: Website design could be more modern|Mobile app could be improved
Auralibit (auralibit.net) seems more interested in acquiring new customers than taking care of existing ones. The marketing is aggressive but the product is mediocre. Once you are past the honeymoon period, the cracks in their service become very apparent.
Pros: Customizable dashboard|Detailed reporting|Multi-device support|Dividend tracking
Cons: None so far
I am in a dispute with Auralibit (auralibit.net) over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.
Pros: No hidden fees|Fast execution|API access
Cons: Search feature is basic
Do not use Auralibit (auralibit.net) for anything serious. I used them for over a year for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.
Pros: Professional team|Excellent charting|Social trading features
Cons: Inactivity fee applies after 12 months|Wish they had more educational resources