AUGS Markets – what we know and have as facts about it; AUGS Markets was founded in 2011 and currently is headquartered in Sydney, Australia. It is a registered trading name of AUGS Markets Pty Ltd, which is authorized and regulated by the Australian Securities and Investments Commission (ASIC) under license number 374686. This license allows it to conduct various financial services, including receiving, transmitting, and executing customer orders.
We have found in the Product Disclosure Statement document that the company is a market maker and enters with clients as a principal. The company states the price at which it is prepared to deal with a client as principal. Trading with AUGS Markets carries an automatic risk of actual conflicts of interests because it is acting as principal in its products with clients and sets the price of them. In general, dealing with market makers involves a conflict of interest because they do not transmit every customer deal and hope that customers will lose. Every loss of customers is their profit.
So far, we have not received any complaints from customers of AUGS Markets. If you have any criticism to share with us or feel annoyed by AUGS Markets, please fill in the form below, detailing your case. Once we have made your case public, we may attempt to mediate between you and AUGS Markets if you wish.