Compass Markets-Overview Guide of this Broker

WikiFX | 2024-02-27 10:56

Abstract：Compass Markets specializes in International Money Transfer for both major currency and minors, including USD, AUD, GBP, JPY, SGD as well as PLN, QAR, etc. Compass Markets currently holds a MM license authorized by ASIC in Australia, allowing it provide general advice to both wholesale and retail clients in foreign exchange contracts, derivatives as well as non-cash payments products.

Compass Markets	Basic Information
Company Name	Compass Markets
Founded	2012
Headquarters	Australia
Regulations	Suspicious clone
Products and Services	International money transfer services for major and minor currencies, one-off transfers, limit orders, currency receipts, hedging capabilities
Customer Support	Phone: +61 2 8039 1400, +61 3 8765 8877, +61 8 6166 3388; Email: INFO@COMPASSMARKETS.COM; Social Media: Twitter, Facebook, Instagram, YouTube

Compass Markets Information

Compass Markets, founded in 2012 in Australia, is a financial services provider specializing in international money transfers. Operating under the regulatory oversight of the Australia Securities & Investment Commission (ASIC), it offers a range of transactional services, including one-off transfers, limit orders, and hedging capabilities, tailored to meet the diverse needs of its clientele. Despite its comprehensive service offerings and customer support via various channels, the company's fee structure varies and is only disclosed upon transaction initiation.

Is Compass Markets Legit?

Compass Markets is regulated by the Australia Securities & Investment Commission (ASIC), however the current regulatory status is suspicious clone, with the license number 000426810.

Pros and Cons

Pros	Cons
Multiple types of transfers available	Fees and costs are variable
Diverse international transfer services	Specific fee details only post-transaction
	Does not accept check payments

Products and Services

Compass Markets provides international money transfer services for a range of major and minor currencies, such as USD, AUD, GBP, JPY, SGD, PLN, and QAR, among others.

Fees

Compass Markets' fees vary based on transaction size, term of products, business relationship, market rates, and interest rates of the involved currency pair. Specific fee details are disclosed upon entering into a transaction. They do not accept checks, only electronic funds transfers (EFT).

Customer Support

Compass Markets provides comprehensive customer support through several contact methods. Customers can reach them via multiple telephone numbers based on location: +61 2 8039 1400 (headquarters), +61 3 8765 8877, and +61 8 6166 3388. For email support, customers can contact INFO@COMPASSMARKETS.COM. Additionally, Compass Markets is accessible through various social media channels, including Twitter (twitter.com/CompassMarkets), Facebook (facebook.com/Compassforex), Instagram (instagram.com/compassglobalmarkets), and YouTube (youtube.com/channel/UCbpctfzXCvwY6qWQK7q84Kg), allowing for diverse ways for customers to get support and information.

FAQs

Can I make one-time transfers with Compass Markets?

Yes, Compass Markets offers one-off transfers for single transactions.

Does Compass Markets accept check payments?

No, Compass Markets does not accept check payments, only electronic funds transfers (EFT).

Are there any fees for making transactions with Compass Markets?

The fees for transactions with Compass Markets vary based on several factors, including the transaction size and the specific details of the service used. These fees will be disclosed at the time of the transaction.

How can I reach Compass Markets for support?

You can contact Compass Markets for support via their provided telephone numbers, email address (INFO@COMPASSMARKETS.COM), or through their social media channels.