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The Australian Securities and Investments Commission (ASIC) is an independent Australian government body that acts as Australia's corporate regulator, which was established on 1 July 1998 following recommendations from the Wallis Inquiry. ASIC's role is to enforce and regulate company and financial services laws to protect Australian consumers, investors and creditors. ASIC's authority and scope were determined by the Australian Securities and Investments Commission Act, 2001.
License Type:Market Making(MM)
Regulated in Country/AreaAustralia
Regulatory License No.：514425
Email Address of Licensed Institution :email@example.com
License Type:No Sharing
Website of Licensed Institution :
Expiry Date :--
Address of Licensed Institution :EIGHTCAP PTY LTD, 'Rialto South Tower' Level 35, 525 Collins Street MELBOURNE VIC 3000
Phone Number of Licensed Institution :0383734804
You can check the real-time processing progress in 'User Center-My Release-Ponzi Scheme'
General Information & Regulation
Focus Markets is owned and operated by Focus Markets Pty Ltd (ABN 96 167 517 544), a brokerage firm established in Melbourne, Australia in 2019, offering Forex and CFDs trading to both retail and institutional clients via the popular MetaTrader 5 trading platform. Focus Markets are registered with Australian Securities and Investments Commission (ASIC) and is a holder of Australian Financial Services License 514425.
Traders can get access to over 250 instruments on Focus Market platform, including CFDs on currency pairs, indices, commodities, and shares with 24/5 expert support.
Minimum Deposit of Focus Markets
When it comes to the minimum deposit, there are two account options in total offered by Focus Market, the Raw account and the Standard account. Both accounts require a minimum deposit of $100, which seems affordable for most regular traders. The execution type is Market, available base currencies in AUD, USD, GBP, EUR, NZD, SGD. A demo account available for 30 days is offered.
Leverage of Focus Markets
The trading leverage offered by Focus Market is up to 1:30 as per its regulation. Many traders may prefer higher leverage lever, however, it can bring traders higher risks too.
Spreads & Commissions
When it comes to spreads and commissions, it can be seen in the account section that the spread on Standard account start from 1.0 pips, with no commissions required. The spread on the Raw account start from 0 pips , with a commission of $3.5 per lot per side.
Traders with Focus Markets are able to make use of the award-winning MetaTrader 4 and MetaTrader 5 platforms. Once traders have created their live trading account, they are then able to select their preferred trading platform. The Focus Markets MT4 platform provides traders with an expert solution for trading a variety of financial markets across multiple devices. The platforms powerful features allow traders to effectively analyse the markets, develop trading strategies and execute and monitor trades. MT4 can be downloaded and used on desktops and mobile devices. Focus Markets MetaTrader 5 platform provides traders with an award-winning solution for trading a wide range of markets across multiple devices. Powerful features allow traders to effectively analyse markets, develop trading strategies and execute and manage trades.
Deposit & Withdrawal
Traders are allowed to fun their Focus Market accounts via Visa/Mastercard, Skrill, PoLi Payment and Bank Wire Transfer. Withdrawal of funds is only available to clients who have uploaded their identification documents and have had their trading account approved. However, to protect all parties against fraud, this broker may require additional information and/or proof of identity to be submitted before they can process traders withdrawal request
Unfortunately, Focus Markets ccannot accept applications from applicants in the following countries: Afghanistan, Azerbaijan, Belgium, Bosnia and Herzegovina, Burundi, Canada (British Columbia, Quebec and Ontario), China, Congo, Côte dIvoire, Ethiopia, Eritrea, Egypt, Gaza Strip, Haiti, Iran, Iraq, Israel, Japan, Lebanon, Libya, Myanmar, North Korea, Pakistan, Puerto Rico, Sierra Leone, Somalia, South Sudan, Sudan, Syria, Trinidad and Tobago, the Central African Republic, Tunisia, Ukraine, Vanuatu, Venezuela, the United States of America, West Bank, Yemen and Zimbabwe.
The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.
Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click 'Complaints 'and 'Correction' to inform us. We will check immediately and release the results.
Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.
Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.