aurafunded.com Scam Check: 10/100 Trust | ScamMinder

Exercise caution when interacting with this website.

AuraFunded is a website that claims to be a high-frequency trading (HFT) friendly proprietary trading firm. It offers to fund traders and provides various account sizes with corresponding refundable fees. The site emphasizes fast payouts, low commissions, and scalability up to $3,000,000 in funding. It also mentions affiliate payouts and high commission percentages. However, several aspects of the website raise red flags: 1. **Unrealistic Promises:** The website's promises of instant funding, high commission payouts, and rapid scaling for traders are highly unrealistic in the financial industry, especially for HFT. 2. **Repetitive and Aggressive Marketing:** The excessive repetition of phrases like 'complete your evaluation to become a funded trader' and 'don't waste time with boring evaluations and get funded instantly' can be a tactic to pressure users into making quick decisions without fully understanding the risks. 3. **Lack of Detailed Information:** While the website provides a lot of information about account sizes and fees, it lacks detailed information about the evaluation process, risk management, and the company's trading strategies. 4. **Vague Language:** The use of vague terms like 'reputation is everything' and 'industry-leading trading conditions' without specific details can be a red flag. 5. **High Refundable Fees:** The high refundable fees for different account sizes are unusual in the proprietary trading industry, where firms typically have a more structured and transparent fee system. 6. **Overemphasis on High-Frequency Trading:** While HFT can be a legitimate trading strategy, its portrayal as a key feature on the website, especially for a funding firm, is uncommon and could be a marketing ploy. 7. **Aggressive Affiliate Program:** The emphasis on affiliate payouts and the promise of up to 20% in commission payouts can be a sign of a business model that relies heavily on recruitment and may not be sustainable. 8. **Lack of Regulation Information:** There is no clear information about the regulatory status of the company, which is crucial for any financial service provider. 9. **Excessive Focus on Scaling and Payouts:** The website's repeated emphasis on scaling up every three months and controlling earnings without waiting can be misleading, as trading success is not typically linear or guaranteed. 10. **No Risk Disclosure:** There is a lack of detailed risk disclosure, which is a standard practice in the financial industry, especially for firms offering funding to traders. Given these red flags, it's important for anyone considering engaging with AuraFunded to conduct thorough due diligence, seek independent financial advice, and be cautious about the claims made on the website."

• Unrealistic Promises, Repetitive and Aggressive Marketing, Lack of Detailed Information, Vague Language, High Refundable Fees, Overemphasis on High-Frequency Trading, Aggressive Affiliate Program, Lack of Regulation Information, Excessive Focus on Scaling and Payouts, No Risk Disclosure