Aura Funded Review: Is Aura Funded a Legitimate Prop Firm?
Aura Funded has the reputation of being an educational firm in trading supporting aspiring Forex traders. Most proprietary trading institutions hardly allow High-Frequency Trading (HFT) but this one, however, has allowed it, thus making it even more attractive for traders who tend to use advanced strategies. However, numerous complaints and mixed reviews have been recently posted on Aura Funded Trustpilot, raising questions about whether it is valid. This Aura Funded review, however, was carried out to assess the legitimacy of the platform and whether traders can trust this platform.
Issues with Payouts
The payout issue is seminal and one of the most troubling aspects of Aura Funded. There are many reports from people who claim that after making huge profits on their trades, the payout requests have been denied. A trader on Aura Funded Trustpilot stated that after buying an instant account worth $100k and making a profit of $5,200 with no violations whatsoever, the company simply ignored their request for a payout. Furthermore, some traders have asserted that three payout requests were denied, particularly when requesting between $3,000 and $4,000. Aura Funded’s payout policies could therefore prove to be not as straightforward as they claim to be.
Lack of Contact Information
A legitimate trading firm would normally provide several contact options for users. Unfortunately, Aura Funded has only one email address: support@aurafunded.com. There is no provision for contact by phone, physical address, or chat. Such an arrangement limits traders’ ability to settle disputes or ask for help, adding to the suspicion about the credibility of the firm.
Complaints About Account Closure
Several users report their accounts in the Aura Funded prop fund being mysteriously closed without clear explanations. Aura Funded reviews suggest that traders would complete their trading challenges and request a payout, only then to have their account suspended. This raises the question: Is the firm funding traders, or simply charging fees for their challenge accounts while failing to hold their end of the deal?
Trustpilot Reviews and Trust Score
Aura Funded Trustpilot reviews are mixed. While some users appreciate the opportunities provided by the firm, others have accused it of being a Aura Funded scam. Aura Funded’s trust score is 50/100, indicating that the firm has a pretty average reputation, of course, along with some significant concerns. Most complaints indicated were in terms of rejected payouts, disallowed account access, and lack of communication, which are certainly detrimental concerns to consider.
The Risks of Signing Up
As it brands itself as a proprietary trading firm which is so easily accessible, the process of Aura Fund sign up may not be as beneficial as you think. From the complaints concerning payouts alone, traders should think twice before investing in any of its programs. A direct customer support service, insufficient policies risky deal for those in search of that reliable prop trading firm.
Seeking Financial Recovery Assistance
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