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OpenMarkets Review - Is It Legit and Safe? - WikiFX

WikiFX | 2025-05-08 11:31

Abstract：OpenMarkets is a financial services firm formerly regulated by ASIC under an Investment Advisory License, which is now listed as "exceeded".

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 and Cons

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

Is OpenMarkets Legit?

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

Services

OpenMarkets offers diverse services including Enterprise APIs, Execution, Managed Accounts, Onboarding, Order Manager, and Risk Management.

Broker Currency Pair Dealer Forex trading Forex Broker forex pips

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Over-Operation

OpenMarkets

Company name：OpenMarkets Australia Limited

Score

1.58

Website：https://openmarkets.com.au/

5-10 years | Regulated in Australia | Investment Advisory License | Suspicious biz area

Score

1.58

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