Auxtrus Union Bank has been flagged by Financial Markets Authority for "Unregistered/Unlicensed entity offering financial products or services|Fraud ...". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
Where do I even begin with Auxtrus Union Bank? for roughly four months of broken promises, unanswered tickets, and a platform that feels like it was built in 2010. They spend more on marketing than on actually improving their service. Stay away from this company.
Pros: Clear documentation|Instant funding
Cons: Help articles are sometimes vague|Minimum deposit could be lower
My withdrawal from Auxtrus Union Bank was rejected three times for vague reasons. Each time they asked for more documents. When I finally provided everything, they said my account was under review. for about three months of being strung along.
Pros: Multiple order types|Easy withdrawals
Cons: Wish they had more educational resources
After spending for just over a year trying to make Auxtrus Union Bank work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.
Pros: Customizable dashboard|Clean UI|Smooth onboarding|Competitive fees
Cons: Wish they had more educational resources
I have been trying to close my account with Auxtrus Union Bank 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: Great customer service|Regular updates
Cons: Email notifications too frequent|Nothing significant
I closed a profitable position at Auxtrus Union Bank and the profit was not credited for 5 days. Support said it was a settlement delay. When it finally arrived it was less than the amount shown on the platform. They could not explain the difference. I have moved my account.
Pros: Copy trading available|Responsive team
Cons: No live chat on mobile|Minor UI glitches occasionally
I had high hopes for Auxtrus Union Bank based on a colleague's recommendation, but my experience has been disappointing. Customer support is slow, the platform has frequent issues, and their fee structure is not as transparent as advertised. I am actively looking for alternatives now.
Pros: Customizable dashboard|Automated trading options|Detailed reporting
Cons: Account statements could be more detailed
The hidden fees at Auxtrus Union Bank 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: Responsive team|Regular platform improvements|Educational resources
Cons: Limited social trading features|No integrated tax optimization
Several red flags with Auxtrus Union Bank: (1) They promise unrealistically high returns, (2) They're not registered with Financial Markets Authority, (3) Their contact information is vague, (4) They pressure you to deposit quickly. I recommend everyone do thorough due diligence before investing with any company.
Cons: Unauthorized firm|Found in IOSCO warnings database
For anyone considering Auxtrus Union Bank, please be aware that this company has been flagged by Financial Markets Authority. This does not necessarily mean they are a scam, but it does mean they may not be authorized to operate in certain jurisdictions. I strongly recommend checking the official regulator website before making any investment decisions.
Cons: Listed in IOSCO I-SCAN|May not be authorized in your jurisdiction
Tried to withdraw my funds from Auxtrus Union Bank and was told I needed to pay a "withdrawal tax" of 20%. This is a red flag. No legitimate broker charges withdrawal taxes. When I refused, they became aggressive and eventually stopped all communication. My entire investment is gone.
Cons: Blocked my account|No legitimate license|Fake returns