Asset Wage

Asset Wage Financial Services Pty Ltd, trading as Asset Wage, is a financial services firm registered in Australia, with its official website at assetwage.com. The company was founded on 26 October 2022, making it a relatively new entrant to the online trading space. Its registered address is listed in London, United Kingdom, at Leadenhall Street, EC3A 1AT, though its regulatory registrations are with Australian and New Zealand authorities.

According to our records, Asset Wage holds two licences: one from the Australian Securities and Investments Commission (ASIC) for market making, and one from the Financial Markets Authority (FMA) of New Zealand for derivatives trading. Both licences are listed as active, though specific status details are not provided in our records. The company reports zero employees on file, which may indicate a lean operational structure or a recently established entity.

Asset Wage is regulated by two major financial regulators: ASIC in Australia and the FMA in New Zealand. The ASIC licence, number 318232, is for market making activities, while the FMA licence, number 518226, covers derivatives trading. These are significant regulatory bodies, known for their oversight of financial markets and investor protection.

However, it is important to note that the specific licence numbers are not published in our records, and we cannot verify their current status or validity. Traders are advised to independently verify these licences with the respective regulators. The presence of dual regulation suggests a commitment to compliance, but the lack of verifiable operational details warrants caution.

Asset Wage offers three distinct account tiers designed to cater to different levels of traders. The Elite account requires a minimum deposit of USD 25,000 and offers a maximum leverage of 1:400, with spreads from 0.0 pips and a commission of $3.50 per round turn. The Pro account has a lower minimum deposit of $10,000, a maximum leverage of 1:30, spreads from 0.0 pips, and a commission of $7 per round turn. The Standard account is the most accessible, with a minimum deposit of $1,000, a maximum leverage of 1:30, and spreads from 0.4 pips, with no commission.

All account types provide access to over 140 FX pairs and metals CFDs, indicating a focus on forex and commodity trading. The tiered structure allows traders to choose based on their capital and trading preferences, with the Elite account offering the highest leverage and lowest spreads, suitable for high-volume traders.

Asset Wage's product offering is centered on forex and metals CFDs, with over 140 currency pairs and precious metals available for trading. This range is typical of a retail forex broker, providing ample opportunities for diversification within the FX market. The inclusion of metals CFDs, such as gold and silver, adds a commodity dimension to the portfolio.

While the broker does not appear to offer other asset classes like stocks or indices, its focus on FX and metals may appeal to traders who specialize in these markets. The lack of additional instruments could be a limitation for those seeking a multi-asset platform.

Our records do not specify the deposit and withdrawal methods offered by Asset Wage. This lack of information is a notable gap, as funding flexibility is a key consideration for traders. Without clear details on payment options, traders may face uncertainty regarding the convenience and security of transactions.

We recommend that potential clients contact Asset Wage directly or check their website for up-to-date information on supported payment methods, processing times, and any associated fees. The absence of this information in our records is a cautionary point, as transparency in financial operations is essential.

FXCanary's Scam Risk Score for Asset Wage is 43 out of 100, indicating a 'Guarded' level of risk. This score is influenced by the lack of a verifiable website or social-media presence, which is a significant red flag in the online trading industry. A credible broker typically maintains a transparent online footprint, including a functional website and active communication channels.

Additionally, the company reports zero employees, which may raise questions about its operational capacity. While the regulatory licences are a positive sign, the overall risk profile suggests that traders should exercise caution and conduct thorough due diligence before engaging with this broker.