Ausbey Markets
We checked Ausbey Markets against the AskCheck register. It has been reported (2022) and carries the red flags below. Treat it with extreme caution.
Why it’s flagged
What we found
Ausbey Markets claims to be registered with the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA) under Reg number 556 LLC 2020. However, we searched the SVG FSA register but couldn't find any matching records. Furthermore, the SVG FSA has explicitly stated that entities engaging in forex trading and brokerage are not licensed from this jurisdiction. This is a red flag. Ausbey Markets provides an MSB license number issued by the Financial Transactions and Reports Analysis Center of Canada (FINTRAC) to support its legitimacy. However, FINTRAC is Canada's financial intelligence unit responsible for combating money laundering and terrorist financing. According to the unit's website, registration with FINTRAC does not indicate that they endorses or licenses the business. Therefore, Ausbey Markets remains unauthorized. Furthermore, the Investment Industry Regulatory Organization of Canada (IIROC) has the authority to issue financial licenses and regulate entities involved in such activities. However, we have been unable to locate a firm called Ausbey Markets in the regulator's register. In essence, Ausbey Markets is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.
Assessment source: FastBull BrokersView.
What to do next
- Stop sending money. Don’t make another deposit, pay a “tax” or “release fee”, or share remote-access to your device.
- Gather your evidence. Save statements, chat logs, transaction IDs and the wallet addresses you paid to.
- Report it to your regulator and to local police / action-fraud line so it’s on the official record.
- Add your report here so the next person searching this name is warned — report Ausbey Markets.
- Verify on the register. Cross-check the full entry on the SentFunds register before you trust anyone offering to help.