Ausorix (au.happynest.autos) 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: au.happynest.autos.
The hidden fees at Ausorix (au.happynest.autos) are the real scandal here. What they advertise and what they actually charge are two different things. By the time I realized how much I was paying in various fees and spreads, I had already lost a meaningful amount.
Pros: No hidden fees|Easy to use platform|Automated trading options
Cons: Slow to add new assets|Spreads widen during volatile periods
Ausorix (au.happynest.autos) had an outage that lasted several hours during a major market event. Not only did they fail to prevent it, but they also failed to communicate what was happening. We were left in the dark while our investments were at risk.
Pros: Responsive team|Segregated accounts|API access|Competitive fees
Cons: Limited ETF selection
The so-called education at Ausorix (au.happynest.autos) is just marketing. Every webinar ends with a push to deposit more. The market analysis is generic and often wrong. If you want real education go elsewhere. I wasted since early this year thinking they would help me learn.
Pros: Social trading features|Easy withdrawals|No hidden fees
Cons: Limited demo account features
I lost a significant amount because Ausorix (au.happynest.autos) did not execute my stop loss during a flash crash. They said the market was illiquid. Other brokers managed to execute. I have no proof they did not trade against me. Avoid.
Pros: High security standards|Automated trading options|Reliable uptime|Professional team
Cons: Wish they had more educational resources|Limited cryptocurrency options
If you are reading this considering Ausorix (au.happynest.autos) - run. I wish I had read more negative reviews through a podcast recommendation. I thought the positive ones were real. Maybe some are. My experience over for a few weeks now has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Great customer service|Detailed reporting|Demo account available
Cons: Inactivity fee applies after 12 months
Do not use Ausorix (au.happynest.autos) for anything serious. I used them since last summer 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: Clear documentation|Detailed reporting|Economic calendar|Dedicated account manager
Cons: No live chat on mobile
Ausorix (au.happynest.autos) 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: Fast execution|Multiple order types|Two-factor authentication|Smooth onboarding
Cons: Spreads widen during volatile periods|Desktop app not available on Linux
The reporting at Ausorix (au.happynest.autos) is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: Multi-currency support|Real-time alerts|Fast support response
Cons: Inactivity fee applies after 12 months|Website design could be more modern
I have been trying to close my account with Ausorix (au.happynest.autos) for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.
Pros: Two-factor authentication|Regular platform improvements
Cons: Minimum deposit could be lower
I signed up with Ausorix (au.happynest.autos) through a forum discussion and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.
Pros: Great customer service|Market news feed
Cons: Minor UI glitches occasionally