OpenMarkets

OpenMarkets is a financial services firm registered in Australia and headquartered at Level 40, 225 George Street, Sydney NSW 2000. It was founded on 27 December 2018 and operates under an Australian Financial Services Licence (AFSL) held with the Australian Securities and Investments Commission (ASIC). According to regulatory records, the firm holds a Derivatives Trading License (STP) and is listed as regulated under ASIC.

The company describes itself as a former holder of an Investment Advisory License, which is now marked as 'exceeded' in public registers. This regulatory detail warrants attention from traders, as it may indicate a change in the scope of services or licensing status. Currently, the ongoing ASIC derivatives licence remains active, but the historical advisory licence status is unclear.

OpenMarkets is regulated by ASIC under licence number not explicitly stated in the available facts, but its STP derivatives licence permits it to offer over-the-counter derivatives and leveraged trading products to retail clients. ASIC is a reputable Tier-1 regulator, and the firm's risk score has been assessed as low (13/100) by FXCanary's internal metrics, indicating a lower likelihood of client fund mismanagement or misconduct.

Independent user reviews or additional public feedback are absent from our web search results, which found no direct information for this broker. This lack of independently verifiable information is a cautionary factor, as traders typically benefit from third-party experiences and operational history.

Based on the known facts, OpenMarkets offers derivatives trading, likely including forex and CFDs as is typical for ASIC-licensed STP brokers. However, no official website or marketing materials were accessible to confirm specific instruments, trading platforms, or account types. The absence of a verifiable online presence for a broker that has been registered since 2018 is unusual and may raise questions about its active operations.

Traders should verify directly with the broker at openmarkets.com.au to obtain current information on offerings, platforms (such as MetaTrader or proprietary systems), and tradable assets. Without this data, it is prudent to assume the firm provides standard retail CFD products under ASIC's regulatory framework.

No details regarding funding methods, base currencies, withdrawal options, or fees are available from the known facts or web results. ASIC-regulated brokers are required to hold client money in segregated trust accounts, which offers a layer of protection. Potential clients should contact OpenMarkets directly to clarify supported payment channels, processing times, and any costs involved.

Given the low risk score, the probability of client fund misappropriation is low, but the lack of transparent information about the deposit process remains a gap that traders should resolve before committing capital.

OpenMarkets appears to be aimed at retail traders interested in leveraged derivatives trading, particularly in the Australian market. The ASIC licence limits retail leverage to 1:30 for major forex pairs and imposes product intervention restrictions on CFDs, as mandated by the regulator. The firm may serve both domestic and international clients, but without a functional or publicly indexed website, its market reach is difficult to assess.

This broker may be suitable for traders who specifically seek an ASIC-regulated entity with a low scam risk rating, provided they can obtain satisfactory answers about current operations and trading services. However, the information void strongly encourages a cautious approach.