Overview of Aussie Forex
Established in 2005 and based in Australia, Aussie Forex operates as a licensed remittance company, extending its services to both individuals and businesses. Specializing in secure, dependable, and swift money transfer solutions, Aussie Forex has emerged as a player in the online money transfer sector within Australia.
Is Aussie Forex Legit？
Aussie Forex exceeds the scope, which is regulated by the Australian Securities and Investments Commission (ASIC) under its Investment Advisory License (Non-Forex License) with license number 431354. Traders should exercise caution and fully comprehend the associated risks before engaging with Aussie Forex. While the company exceeds regulatory requirements in certain aspects, traders must remain aware of the potential implications. As with any investment venture, conducting thorough research and assessing the regulatory status of a broker is essential to ensure a safer and more secure trading experience.
Pros and Cons
Aussie Forex offers round-the-clock customer support, providing traders with assistance whenever needed. However, a notable concern is that the company operates beyond regulatory oversight, potentially exposing traders to risks associated with unregulated activities. While Aussie Forex excels in customer service availability, it lacks sufficient educational resources, leaving traders without comprehensive guidance. Additionally, another drawback is the limited payment methods, which are restricted to bank transfers only. This limitation may inconvenience traders who prefer alternative payment methods or seek faster transaction processing.
Payment Methods
Aussie Forex facilitates bank transfers, allowing customers to send money from their account to the recipient's bank or a designated cash pick-up point. The processing time for remittances varies, ranging from minutes to a few days, depending on the recipient's bank's processing speed. Upon receiving clear funds in their nominated bank account, Aussie Forex initiates the remittance process. Typically, cash payments are disbursed on the same day, while account transfers may take up to 3 working days to reflect in the beneficiary's account. For non-online accounts, the process may extend to 3 to 7 working days.
Transfer Platform
Aussie Forex offers a user-friendly transfer platform, accessible via their mobile app. Customers can conveniently download the app to initiate transfers and enjoy a fee-free transaction. The platform provides instant updates, ensuring customers are kept informed about the status of their transfers at all times.
Customer Support
The remittance portal offers a 24/7 online facility to send money overseas. For general inquiries and customer support, telephone lines are available at +612-9262-5062 or 1300-85-2334. Additionally, customers can send faxes to +612 9262 5051. Inquiries and assistance can also be requested via email at info@aussieforex.com.au. Office hours are from Monday to Friday, 9:00 am – 5:30 pm (AEST), with closures on weekends and public holidays.
Conclusion
In conclusion, Aussie Forex offers round-the-clock customer support but lacks regulatory oversight, posing potential risks. While its customer service is commendable, the limited educational resources and payment options may inconvenience traders. Traders should exercise caution and conduct thorough research before engaging with Aussie Forex to ensure a safer trading experience.
FAQs
Q: Is Aussie Forex regulated？
A: No, Aussie Forex operates beyond the scope regulated by the Australian Securities and Investments Commission (ASIC) under its Investment Advisory License (Non-Forex License) with license number 431354.
Q: What payment methods are available with Aussie Forex？
A: Aussie Forex facilitates bank transfers, enabling customers to send money from their account to the recipient's bank or a designated cash pick-up point.
Q: How can I contact Aussie Forex's customer support？
A: You can reach Aussie Forex's customer support primarily through email at info@aussieforex.com.au. Additionally, you can contact them via telephone at +612-9262-5062 or 1300-85-2334, or send faxes to +612 9262 5051.
Risk Warning
Trading online carries substantial risks, and there's a possibility of losing all your invested capital. It's crucial to recognize that online trading may not be suitable for everyone. You should fully comprehend the associated risks and acknowledge that the details provided in this review might change due to the continuous evolution of the company's services and policies. Additionally, consider that the date of this review's generation could influence its relevance, as information may have evolved since then. Therefore, it's advisable to verify updated information directly with the company before making any decisions or taking any actions. Ultimately, the responsibility for utilizing the information provided in this review lies solely with the reader.
