Global Broker Regulation & Inquiry App

Score

0123456789
.
0123456789
0123456789
/10
The WikiFX Score of this broker is reduced because of too many complaints!

ASX Markets

Saint Vincent and the Grenadines|2-5 years|
White label MT4|Regional Brokers|High potential risk|

https://www.asxmarkets.com/

Website

Rating Index

MT4/5 Identification

MT4/5

White Label

AsiaExchangeMarkets-Demo-1

Ireland
MT4
2

Influence

D

Influence index NO.1

Vietnam 2.84
The WikiFX Score of this broker is reduced because of too many complaints!

MT4/5 Identification

MT4/5 Identification

White Label

2
Server Name
AsiaExchangeMarkets-Demo-1 MT4
Server Location Ireland

Influence

Influence

D

Influence index NO.1

Vietnam 2.84

Surpassed 76.18% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+84 1900 299 990
support_vn@asxmarkets.com
https://www.asxmarkets.com/
First Floor, First St Vincent Bank Ltd Building PO BOX: 1574 James Street Kingstown VC0100 St Vincent and The Grenadines

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

English

+84 1900 299 990

Broker Information

More

Company Name

ASX Markets

Company Abbreviation

ASX Markets

Platform registered country and region

Saint Vincent and the Grenadines

Company website
Facebook
Instagram
YouTube
Linkedin

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 2
Previous Detection : 2024-05-18
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 29 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

Users who viewed ASX Markets also viewed..

XM

9.04
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
Official website

GVD Markets

7.45
Score
2-5 yearsRegulated in CyprusStraight Through Processing(STP)MT5 Full License
Official website

GTC

8.34
Score
10-15 yearsRegulated in United KingdomStraight Through Processing(STP)MT4 Full License
Official website

Decode Global

8.35
Score
5-10 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
Official website
Pyramid scheme complaint
Expose

    ASX Markets · Company Summary

    Risk Warning

    Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

    General Information

    ASX Markets Review Summary in 10 Points
    Founded 2021
    Registered Country/Region Saint Vincent and the Grenadines
    Regulation No license
    Market Instruments Currency pairs, indices, commodities, equity CFD, cryptocurrencies
    Demo Account Available
    Leverage 1:400
    EUR/USD Spread From 1.8 pips (FIX), 1.1 pips (VARIABLE)
    Trading Platforms MT4
    Minimum deposit $0
    Customer Support 24/5 multilingual phone, email, online messaging

    What is ASX Markets?

    ASX Markets is an unregulated online broker registered in Saint Vincent and the Grenadines, offering various financial products such as currencies, commodities, indices, equities, and cryptocurrencies through the MT4 platform.

    ASX Markets' home page

    In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

    Pros & Cons

    ASX Markets offers a variety of advantages such as a wide range of tradable instruments, flexibility in account types, no minimum deposit requirement, and the leading MT4 platform.

    However, it is important to note the potential risks associated with the lack of clear regulation and reports of difficulties in fund withdrawals. The limited transparency on deposit/withdrawal, as well as the company's background, may require further investigation.

    Pros Cons
    • Availability of a wide range of tradable instruments • Lack of clear regulation and oversight from reputable financial authorities
    • Various live account types available • Reports and concerns about difficulties in withdrawing
    • Free demo accounts available • Limited information provided on deposit/withdrawal
    • No minimum deposit • Limited educational resources and tools
    • MT4 supported
    • 24/5 multilingual customer support

    ASX Markets Alternative Brokers

      There are many alternative brokers to ASX Markets depending on the specific needs and preferences of the trader. Some popular options include:

      • Admiral Markets - A reputable broker with a wide range of trading instruments and platforms, suitable for both beginner and advanced traders.

      • LiteForex - A broker offering a variety of trading accounts and competitive spreads, suitable for traders of all experience levels.

      • Windsor Brokers - A well-established broker with a strong regulatory framework, providing access to multiple trading instruments and platforms for a comprehensive trading experience.

    Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.

    Is ASX Markets Safe or Scam?

    ASX Markets not having valid regulation raises concerns about its legitimacy and the safety of trading with them. Regulation provides oversight and accountability, ensuring that brokers adhere to certain standards and protect the interests of their clients. Without proper regulation, there is an increased risk of potential scams or fraudulent activities. It's important for traders to carefully evaluate the risks associated with trading on an unregulated platform and consider alternative options that are regulated by reputable authorities.

    Market Instruments

    ASX Markets offers a diverse range of tradable financial instruments on its platform. Traders have access to various currency pairs, allowing them to engage in the foreign exchange market. Additionally, ASX Markets provides the opportunity to trade indices, enabling investors to speculate on the performance of stock market indexes from around the world.

    Market Instruments

    The platform also supports the trading of commodities, including precious metals, energies, and agricultural products. Equity CFDs allow traders to participate in the price movements of individual stocks without owning the underlying assets. Furthermore, ASX Markets offers cryptocurrencies for trading, allowing investors to take advantage of the growing popularity and volatility of digital assets.

    Accounts

    ASX Markets provides traders with a variety of live account options to cater to different trading preferences. The FIX account offers fixed spreads, providing stability and predictability in trading costs. The VARIABLE account features variable spreads, allowing for potential tighter spreads during certain market conditions. The VIP account is designed for high-volume traders, offering additional benefits such as dedicated support and personalized services. The RAW ZERO account provides access to raw spreads with zero markups, ideal for traders seeking direct market access and competitive pricing.

    Accounts

    One advantage of ASX Markets is that it does not have a minimum deposit requirement, making it accessible for traders with various budget sizes. Additionally, the broker offers free demo accounts, allowing traders to practice their strategies and explore the platform with virtual capital of $100,000.

    Leverage

    The maximum leverage you can get with ASX Markets is 1:400. Leverage is a tool that enables traders to amplify their trading positions by borrowing funds from the broker. With a leverage ratio of 1:400, traders can control a larger position in the market with a smaller amount of capital. This can potentially lead to increased profits if trades are successful.

    However, it is important to note that leverage also magnifies the risk of losses, as losses can exceed the initial investment. Traders should exercise caution and carefully manage their risk when utilizing high leverage.

    Spreads & Commissions

    ASX Markets offers competitive spreads across its various account types. The FIX account has a starting spread of 1.8 pips, which is a measure of the difference between the bid and ask price of a currency pair. The VARIABLE account offers tighter spreads starting from 1.1 pips, providing potentially lower trading costs for traders. The VIP account further reduces the spreads, starting from 0.6 pips, making it an attractive option for traders seeking tighter pricing.

    The RAW ZERO account stands out with its commission-based structure, where traders pay a fixed commission of $10 per trade but enjoy spread starting from 0.0 pips. This account type may be suitable for traders who prefer a transparent fee structure and require access to the tightest spreads. ASX Markets' offering of different spreads and commission structures provides flexibility for traders to choose an account that aligns with their trading style and preferences.

    Below is a comparison table about spreads and commissions charged by different brokers:

    Broker EUR/USD Spread Commission
    ASX Markets 1.8 pips (FIX), 1.1 pips (VARIABLE) Variable
    Admiral Markets 0.8 pips Variable
    LiteForex 1.1 pips Variable
    Windsor Brokers 2.0 pips Variable

    Please note that the spreads and commissions provided above are for informational purposes and may vary depending on market conditions and account types offered by each broker. It is always recommended to check with the broker directly for the most up-to-date and accurate information.

    Trading Platforms

    ASX Markets provides traders with the popular and widely recognized MetaTrader4 (MT4) trading platform. The MT4 platform is available for desktop, mobile, and web, offering flexibility and accessibility for traders to access their accounts and execute trades from anywhere and at any time.

    MT4

    The desktop version of MT4 provides a comprehensive set of tools and features, allowing traders to analyze markets, place orders, and manage their positions efficiently. The mobile version of MT4 enables traders to monitor the markets and trade on the go using their smartphones or tablets. The web-based version, known as Webtrader, allows traders to access their accounts directly through a web browser without the need to download or install any software.

    Webtrader

    With its user-friendly interface, advanced charting capabilities, and a wide range of technical indicators, ASX Markets' MT4 trading platforms cater to the needs of both beginner and experienced traders, providing them with a reliable and robust trading environment.

    See the trading platform comparison table below:

    Broker Trading Platforms
    ASX Markets MetaTrader 4 (MT4)
    Admiral Markets MetaTrader 4 (MT4), MetaTrader 5 (MT5)
    LiteForex MetaTrader 4 (MT4), MetaTrader 5 (MT5)
    Windsor Brokers MetaTrader 4 (MT4), MetaTrader 5 (MT5)

    Deposits & Withdrawals

    While ASX Markets does not provide detailed information about deposit and withdrawal methods on their website, they do display icons of various payment methods, indicating the available options for funding and withdrawing from trading accounts. The payment methods include popular options such as Visa, MasterCard, WebMoney, UnionPay, Bank Wire, Neteller, Skrill, and more.

    Payment Options

    ASX Markets minimum deposit vs other brokers

    ASX Markets Most other
    Minimum Deposit $0 $100

    Customer Service

    ASX Markets provides customer support services to traders, offering assistance and guidance in multiple languages 24/5 from Monday to Friday. Traders can reach out to the broker's support team through various channels, including phone, email, and online messaging. This allows clients to choose the most convenient method for their inquiries or concerns.

    Additionally, ASX Markets maintains a presence on popular social networking platforms such as Facebook, Instagram, YouTube, and LinkedIn, which can be a convenient way for traders to stay updated with the broker's latest news, educational content, and announcements.

    Customer Service

    With their multilingual support and active online presence, ASX Markets aims to ensure that traders have access to timely and responsive customer service to address their needs effectively.

    Pros Cons
    • 24/5 multilingual support • No 24/7 customer support
    • Multiple contact channels • No live chat support
    • Social media presence

    Note: These pros and cons are subjective and may vary depending on the individual's experience with ASX Markets' customer service.

    User Exposure on WikiFX

    On our website, you can see that reports of unable to withdraw and scams. Traders are encouraged to carefully review the available information and consider the risks associated with trading on an unregulated platform. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.

    User Exposure on WikiFX

    Education

    ASX Markets aims to support the education and knowledge development of its traders by providing educational resources such as a CFD E-Book and CFD Glossary. These resources can be valuable for both beginner and experienced traders looking to enhance their understanding of CFD trading.

    The CFD E-Book likely covers essential concepts, strategies, and risk management techniques related to CFD trading, helping traders make informed decisions. Additionally, the CFD Glossary provides a comprehensive list of key terms and definitions specific to CFD trading, assisting traders in familiarizing themselves with industry terminology.

    Education

    By offering these educational materials, ASX Markets demonstrates its commitment to empowering traders with the necessary knowledge and tools to make informed trading decisions.

    Conclusion

    ASX Markets is a brokerage firm that offers a range of financial instruments for trading, including currencies, indices, commodities, equity CFDs, and cryptocurrencies. While the broker provides different account types, free demo accounts, and the industry-standard MT4 platform, it is important to consider the lack of regulatory oversight and reports of issues related to fund withdrawals.

    The transparency regarding deposit/withdrawal is also limited, which may raise concerns for some traders. The availability of multilingual customer support and educational resources is a positive aspect. However, due diligence is necessary to assess the credibility and reliability of ASX Markets before engaging in any trading activities with them.

    Frequently Asked Questions (FAQs)

    Q 1: Is ASX Markets regulated?
    A 1: No. It has been verified that this broker currently has no valid regulation.
    Q 2: Does ASX Markets offer demo accounts?
    A 2: Yes. It offers free demo accounts with virtual capital of $100,000.
    Q 3: Does ASX Markets offer the industry leading MT4 & MT5?
    A 3: Yes. It supports MT4.
    Q 4: What is the minimum deposit for ASX Markets?
    A 4: There is no minimum deposit requirement.
    Q 5: Is ASX Markets a good broker for beginners?
    A 5: No. It is not a good choice for beginners. Not only because of its unregulated condition, but also because of its lack of transparency.

    User Reviews

    Sort by content

    • Sort by content
    • Sort by time

    User comment

    4

    Comments

    Write a review

    Reddris
    more than one year
    Unfortunately ASX Markets has been very slow on the profit withdrawal process and after 12 working days, still no sight of my profits.... They should honor their commitments on withdrawal of profits in a realistic time frame.
    2024-03-29 14:26
    Reply
    0
    0
    Aulisino
    more than one year
    Using ASX Markets for forex trading, and honestly, the demo on their website is a mess. Every time I click "Watchlist," I get an error page, and I have to log in again. It's frustrating. I'm not a fan of the trading experience, and I'm hesitant to see what happens with real money.
    2024-02-06 17:30
    Reply
    0
    0
    俊-Judy
    more than one year
    This company ASX Markets does not have a regulatory license, which is no different from a scam company in my opinion. And, sure enough, I see that many people have been scammed. I hope they can recover their funds as soon as possible... And please do learn their lesson and don't get scammed again.
    2023-03-14 16:56
    Reply
    0
    0
    FX1221638816
    more than one year
    Abandon all hope, ye who enter here. I was hoping that I would never have to write this, but these are tips for avoiding big money problems based on my personal experience. If you are still at the stage of persuasion, just stop.
    2023-02-17 16:58
    Reply
    0
    0
    30
    TOP
    Select Country/Region
    United States
    ※ The content of this website abides with local laws and regulations.
    You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
    consumer hotline:006531290538
    Official Email:support@wikifx.com;
    Mobile Phone Number:234 706 777 7762;61 449895363
    Telegram:+60 103342306
    Whatsapp:+852-6613 1970;
    License or other information error corrections, please send the information to:qawikifx@gmail.com
    Cooperation:fxeyevip@gmail.com