Thinking of getting into business with AzuriFinance? Here is what you must know about this broker. Carefully read this review to find out if azurifinance.com is the trading platform you will want to trade with.
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About AzuriFinance Broker
AzuriFinance is an offshore brokerage company with a lot of promises for traders. The address of the broker indicates it is from: azurifinance Ltd, 21 Old Gloucester Street, London WC1N.
There are different account types the broker offers.
To clarify, in spite the trading instruments AzuriFinance claims to offer, traders must know they are dealing with an unknown broker which does not have a regulation over its head.
azurifinance.com: Reasons to Avoid This Broker
Firstly, azurifinance.com is a platform with no financial authority overseeing its financial services. The regulation claims is not true as Financial Conduct Authority (FCA), UK does not approved this broker among licensed entities.
Secondly, we noticed azurifinance.com has no demo account for traders. Since traders can’t test the broker on a free account, we can’t know its viability in the forex market.
More so, this broker does not offer money back guarantee which means trading on such platform is clearly a risk as your money cannot be refunded.
These are cons for forex traders to avoid losing money with this scam broker. In fact, It is always advisable you check for regulated and licensed broker on financial authorities websites before depositing fund for trading.
Withdrawal and Deposit
Withdrawal process
Under the withdrawal policy, AzuriFinance does not seem to provide enough information on this. However, we discover the broker withdrawal process takes 3 business days. Also, there is an unspecified fee on withdrawal.
The broker minimum withdrawal is pegged at $5.
Minimum Deposit
AzuriFinance minimum deposit from the account type shows $500. Further, we found out the broker could accept $1 as claimed in the FAQ.
As for the payment methods, the broker accepts Credit/ Debit cards, Skrill, Neteller, Perfect Money, OkPay, Payza, Bitcoin, PayPal and Bank Transfer. But, you should not consider making any payment with this broker because it is a risk. So beware!
AzuriFinance Platform
AzuriFinance offers web based trading platform and not MT4 or MT5 (Industry standard trading platforms) which gives us more reason not to take this broker serious.
As for the leverage, it can get up to 1:1000. Nevertheless, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.
AzuriFinance Licensing and Regulation
It is not far from believing that this broker is not a licensed brokerage firm. It is not under any financial regulation that means your money is at risk. Its unlicensed and unregulated activities are truly a red flag and must be avoided.
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Conclusion: Is azurifinance.com a Reliable Broker?
No, azurifinance.com does not seem like a reliable broker for traders even though it promises offers that look good to be true.
Most importantly, the broker is unregulated which means it is not authorized to operate in any regulated country and you should definitely not put any money into it.
Because we have taken it as a duty to review scam forex brokers and also share reasons, we will not recommend this broker for trading.
Kindly share your comment about this broker in the comment section.