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    • Australia Australia
    • 2-5 years
    • Regulated in Australia
    • Market Making(MM)
    • MT4/5 full license
    • Global Business
    Open Account
    WikiFX Score
    • 0383761322
    • trading@focusmarkets.com
    • --
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    VPS Standard

    No restriction on the broker account. Provide service support by WikiFX

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    • 1G

    • 40G

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    Broker Information

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    Pyramid scheme complaint
    WikiFX Risk Alerts 1

    The number of this brokers's nagitive field survey reviews has reached 1, please be aware of the risk and the potential scam!

    • Account
    Trading software
    • Raw
    • Standard
    • Benchmark --
    • Maximum Leverage 30:1
    • Minimum Deposit --
    • Minimum spread 0.0 pips
    • Products --
    • Currency --
    • Benchmark --
    • Maximum Leverage 30:1
    • Minimum Deposit --
    • Minimum spread 1.0 pips
    • Products --
    • Currency --
    • Currency --
    • Minimum position --
    • EA supported
    • Depositing Method --
    • Withdrawal Method --
    • Commission --
    • Currency --
    • Minimum position --
    • Depositing Method --
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    Australia Securities & Investment Commission

    Australia Securities & Investment Commission (ASIC)

    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.

    • Licensed Institution :


      Effective Date :

    • Email Address of Licensed Institution :


      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 :

    • Licensed Institution Certified Documents :

      Annex1 Annex2 Annex3 Annex4 Annex5

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    WikiFX·pyramid scheme complaint
    1  Know about pyramid scheme  >
    2  Pyramid scheme complaint   >
    3  Done
    1. What is pyramid scheme complaint?
    With the continuous development of the forex market, more and more Ponzi schemes have poured in, and global investors have suffered greatly. WikiFX has set up a complaint channel in order to ensure the funds security and prevent more scams. We sincerely invite foreign exchange investors to report such fraud platforms and jointly purify the market environment!
    2. 10 Features of Pyramid Scheme
    High Profit Promised Level Marketing Required Multi-level Marketing False Advertising Master Trader Awarded 'Datuk' Brainwashing-style training Fake Regulation Copycat of other platforms Marketing & PR campaigns
    Report immediately
    Report This Platform
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    You can check the real-time processing progress in 'User Center-My Release-Ponzi Scheme'


    FOCUS MARKETS · Company summary

      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.

      Market Instruments

      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.


      Trading Platforms

      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

      Accepted Regions

      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.

    Risk Warning

    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.