Azura Capital Review

Welcome once again to my independent Azura Capital review. In this unbiased review, I’ll be taking a deep dive into the Azura Capital. I’ll be answering the question as to whether the broker is legit or a scam, backing it all up with proof. Without further ado, here’s a company summary according to the company’s website—www.azura-capital.net:

Azura Capital is supposedly a new trading platform based in Australia. The company touts itself as a fully-fledged marketplace for buying and selling a wide range of assets including the below:

• Stocks
• Cryptocurrencies
• Indices
• Forex
• Commodities
• NFTs

A screenshot of the Azura Capital website.

You’re reading my honest Azura Capital review probably as part of your investigation into whether this supposed broker is legit or a scam. Is Azura Capital legitimate or a scam? 

Sorry to disappoint you, but Azura Capital is another scam FX broker akin to Blanc Invest and similar entities. The fraudster uses clever tactics to persuade you to deposit the most amount of money possible. For example, they promise free withdrawals of different natures e.g:

• One free monthly withdrawal when you select the Silver account type valued at €25,000.
• One free weekly withdrawal when you choose either Gold or Platinum account types available for €50,000 and €150,000, respectively. 
• Unlimited free withdrawals for the VIP account type, whose price information is not in the public domain. While the company will only disclose it upon inquiry with your manager, you can be sure that it’s substantial, exceeding €150,000. 

As if that’s not enough, the broker also promises managed account services even though they aren’t licensed or overseen by a financial authority—contrary to the law. Authentic brokers that offer legitimate managed account services are typically licensed and regulated. Those who claim to but aren’t licensed or regulated are mostly scammers. 

Due to the numerous similarities, I suspect that the individual behind Blanc Invest is the same person running the Azura Capital scam project. Here are some commonalities between the two fraudulent projects: 

• Both brokers have so-called representatives in the UK and Canada. This creates a false impression of professional FX brokers with representations in important markets.  

• Both brokers have similar account structures with each offering Basic, Silver, Gold, Platinum, and VIP paid account types. Minimum deposits are consistent across the corresponding account types. The only slight variation is that one broker(Blanc Invest) accepts dollars for deposits whereas the other broker(Azura Capital) takes euros. 

• Both brokers seem to have the same basic security features, including CAPTCHA. 

• Both brokers don’t provide demo trading accounts. 

Why Azura Capital Is a Fake FX Broker

1. Azura Capital Is Unlicensed and Unregulated

According to azura-capital.net, Azura Capital is located at 478 George St, Sydney NSW 2000, Australia. Nonetheless, the Australian Securities & Investment Commission (ASIC) is the authority mandated to license and regulate all financial services brokers in the country. This means that all legitimate FX brokers operating in Australia must have a license from ASIC and be subject to ASIC’s rules and regulations governing the industry. Any entity that doesn’t meet this requirement, e.g. Azura Capital is illegal and cannot purport to be legitimate. Such entities do not comply with certain aspects, standards, and rules governing the financial markets. Standards like accountability, transparency, and fair trading practices, are simply optional to them. With such a broker, there’s no guarantee that you’ll withdraw your funds successfully. Matter of fact, one telltale sign of a fake broker is the absence of license and regulatory oversight. 

2. Mainly Negative Azura Capital Reviews On Scamadviser.com 

Scamadviser gives Azura Capital a low trust score of 31/100, warning that the so-called trading platform looks suspicious. Twelve out of the seventeen Azura Capital reviews are negative, suggesting that this platform has received mainly bad reviews. Such feedback suggests that the broker has disappointed many traders certainly because they are bogus.

3. Low Client Ratings On Trustpilot.com

Similarly, most clients who rated Azura Capital on Trustpilot gave the broker low ratings, with 78% rating them 1 star. Among the negative reviews, some clients reported that this broker is a scam, cautioning potential investors to beware. Others mentioned that Azura Capital is extremely unreliable and unresponsive, or that they faced difficulties withdrawing their money from the platform.

4. YouTube Report

Since it’s fairly new, Azura Capital hasn’t been covered by many YouTube review channels. Only two channels have done so namely: 

• Broker News.
• Trade Trends. 

Broker News refers to Azura Capital as an elusive yet sophisticated scammer based in Australia but targeting investors from around the world. The independent YouTube review channel reports that the Financial Conduct Authority (FCA) has blacklisted Azura Capital. It further points out that the UK’s financial regulator has warned investors not to invest with the broker. The channel further reports that Azura Capital has a short operating history and exhibits typical characteristics of a scam investment project. 

On the contrary, Trade Trend claims that Azura Capital is a legit broker that’ll take your financial journey to greater heights. Claims that they empower investors and traders to unlock limitless opportunities and unleash their full potential. 

The question is; which of the two YouTube channels is credible? The answer is Broker News because there’s no contradicting comment under the video whereas there are two in Trade Trends as you can see in the screenshot below:

A screenshot shows 2 comments that are contrary to the Azura Capital review video by Trade Trends.

5. Absence of Demo Trading Accounts

In as much as the absence of demo accounts may not necessarily indicate a scam, you want to take it as a major red flag. Most con brokers avoid providing demo trading accounts because they serve as a stumbling block to their fraudulent practices in many ways. For example, they ;

allow for transparency and expose low standards, unreliability, lack of ethics, and deception.

My Final Verdict On Azura Capital

Azura Capital is a scam broker that operates without a license. They are not overseen by any regulatory authority. The fraudster uses clever tactics to lure you into depositing as much money as possible, including promising free withdrawals for account types valued higher. Lots of clients have exposed this scammer on Trustpilot, warning potential investors not to invest with them. 

Pursue Your Funds!!!

Have you been scammed by Azura Capital or a similar scam broker?  If so, and you have evidence, you should report the scammer to the appropriate authorities immediately to pursue your funds. To do so, start here.