Score
5-10 yearsRegulated in Australia
Investment Advisory License
Suspicious Scope of Business
Suspicious Overrun
High potential risk
Influence
Add brokers
Comparison
Quantity 1
Exposure
Score
Regulatory Index3.05
Business Index7.50
Risk Management Index0.00
Software Index4.00
License Index0.00
Single Core
1G
40G
More
Company Name
OpenMarkets Australia Limited
Company Abbreviation
OpenMarkets
Platform registered country and region
Australia
Company website
Company summary
Pyramid scheme complaint
Expose
| OpenMarkets Review Summary | |
| Founded | 2004 |
| Registered Country/Region | Australia |
| Regulation | ASIC (exceeded) |
| Services | Enterprise APIs, Execution, Managed Accounts, Onboarding, Order Manager, Risk Management |
| Customer Support | Contact form |
| Phone: +61 381997700, +61 1300 769 433 | |
| Email: support@openmarkets.com.au | |
| Address: Level 15, 388 George Street, Sydney NSW 2000, Australia | |
OpenMarkets, founded in 2004 and based in Australia, is a financial services firm formerly regulated by the Australian Securities and Investments Commission (ASIC) under an Investment Advisory License, which is now listed as “exceeded”. The company offers various services such as Enterprise APIs, Execution, Managed Accounts, Onboarding, Order and Risk Management.
| Pros | Cons |
| A wide range of services | Exceeded ASIC license |
| Diverse customer support channels | Lack of info on trading platforms |
| No demo accounts | |
| Limited info on accounts | |
| Limited info on trading fees |
No, at present, OpenMarkets' Investment Advisory License under ASIC has been exceeded.
| Regulated Country | Regulated Authority | Regulated Entity | Current Status | License Type | License Number |
 | Australian Securities and Investments Commission (ASIC) | OpenMarkets Australia Limited | Exceeded | Investment Advisory License | 246705 |
OpenMarkets offers diverse services including Enterprise APIs, Execution, Managed Accounts, Onboarding, Order Manager, and Risk Management.
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