About SIRIUS
Overview and History
SIRIUS is a forex and CFD broker that claims to have been founded over 30 years ago, though its Australian registration dates only from 16 August 2022. The broker's official domain is sirius-fx.com, and its registered address is Suite 1001A, Level 10, 53 Walker Street, North Sydney, NSW 2060. Despite the registration in Australia, the broker is not regulated by any recognised financial authority, which raises immediate concerns.
FXCanary's records show that SIRIUS operates without a valid regulatory licence. The broker's claim of regulation by 'SASIC' appears to be a misspelling of ASIC, the Australian Securities and Investments Commission, but no such licence exists on the public register. This discrepancy is a significant red flag for traders considering this broker.
Regulatory Status
The most critical factor in assessing SIRIUS is its complete lack of recognised regulation. The broker lists no regulators in official records, and its claim of being 'regulated by SASIC' is not verifiable. ASIC is the legitimate regulator in Australia, and no entity named SIRIUS appears on its register of licence holders.
Without oversight from a trusted authority, traders have no recourse if disputes arise. The broker's website may project legitimacy, but the absence of regulatory protection means client funds are at severe risk. FXCanary's Scam Risk Score of 75/100 underscores this danger.
Trading Instruments and Platforms
According to the broker's own statements, SIRIUS offers trading in forex, metals, and oil. These are standard instruments for a forex broker. The platform provided is MetaTrader 4 (MT4), which is widely used and popular among traders for its advanced charting and automated trading capabilities.
Default leverage is set at 1:100, which is moderate. The broker also offers a demo account, allowing traders to test strategies without risk. However, the range of instruments is limited compared to multi-asset brokers, and no information is given on spreads or commissions.
Account Types and Funding
SIRIUS appears to offer a single live account type with a minimum deposit of $100. This is a relatively low entry barrier, which may attract novice traders. The broker does not specify other account tiers, such as VIP or professional accounts, nor does it detail funding methods beyond claiming customer support via Telegram and WhatsApp.
The lack of transparent information on deposit and withdrawal procedures is concerning. Traders should be wary of providing funds without clear terms. The broker's reliance on messaging apps for support is unconventional and may indicate a lack of professional infrastructure.
Customer Support and Risks
Customer support is advertised as available 24/5 via email, Telegram, and WhatsApp. No phone support or live chat is mentioned. The limited channels may delay resolution of issues.
Given the unregulated status, traders face risks including potential loss of funds, inability to withdraw, and lack of dispute resolution. FXCanary advises extreme caution. The broker's conflicting history claims (over 30 years vs. registration in 2022) further erode trust. Any engagement should be considered high-risk.
Overview compiled by FXCanary from regulatory records and public data. full SIRIUS review