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+61 03 5906 7829
Focus Markets Pty Ltd
Pyramid scheme complaint
FOCUS MARKETS doesn't have a real Office Location, so this shouldn't be ok...
FOCUS MARKETS does not have qualifications in mainland China and should not conduct business in mainland China, but the application can be passed. Ask for a warning.
Bonuses were deducted for no reason, and it made things difficult for various reasons. I asked for the evidence, but the platform did not provide. I demand compensation.
|FOCUS MARKETS Review Summary|
|Market Instruments||Forex, commodities and so on|
|EUR/ USD Spreads||1.0 pips (Std)|
|Trading Platforms||MT4, MT5|
|Customer Support||Phone, email|
FOCUS MARKETS, founded in 2019 in Melbourne, Australia, is an esteemed financial services provider that offers a range of global financial markets to its clients. With a team of experienced professionals in finance and information technology, FOCUS MARKETS is dedicated to delivering exceptional services tailored to meet individual trader needs.
FOCUS MARKETS is registered under ASIC and holds the Australian Financial Services License 514425. This provides clients with the assurance of a regulated and trusted service provider.
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.
There are many alternative brokers to FOCUS MARKETS depending on the specific needs and preferences of the trader. Some popular options include:
Interstellar FX - A trading platform that provides a wide range of financial instruments, leveraging advanced technology to offer a seamless trading experience to its clients.
GVD Markets: A platform that stands out as a reputable financial institution, abiding by the regulations set forth by CySEC and FSA.
Equiti - A trusted global broker specializing in online trading of forex, commodities, and indices, offering cutting-edge technology, superior execution, and comprehensive market analysis.
FOCUS MARKETS is regulated by the Australian Securities and Investments Commission (ASIC), which is an independent Australian government body that acts as Australia's corporate regulator.
It is regulated by reputable authorities, has been in operation for several years, and has received positive reviews from many customers. Based on the information available, FOCUS MARKETS appears to be a reliable and trustworthy broker.
However, as with any investment, there is always some level of risk involved, and it is important for traders to do their own research and carefully consider their options before investing.
FOCUS MARKETS offers a diverse range of trading instruments across various asset classes. Here's a brief description of each:
Forex: Forex stands for foreign exchange, and it involves trading currency pairs. Traders can speculate on the price movements of different currency pairs, such as EUR/USD or GBP/JPY.
Commodities: Commodities trading involves trading physical goods or raw materials, such as gold, oil, silver, wheat, or coffee. Traders can speculate on the price movements of these commodities in the global market.
Index CFDs: Index CFDs (Contract for Difference) allow traders to speculate on the price movements of major stock market indices, like the S&P 500, Dow Jones, NASDAQ, or FTSE 100. It provides exposure to the overall performance of a specific stock market.
Share CFDs: Share CFDs allow traders to trade contracts based on the underlying shares of various companies. It enables traders to speculate on the price movements of individual stocks without owning the underlying asset.
Crypto CFDs: Crypto CFDs enable traders to speculate on the price movements of cryptocurrencies, such as Bitcoin, Ethereum, Ripple, or Litecoin, without owning the actual digital assets. Traders can take advantage of the volatility in the cryptocurrency market.
|Standard Account||Raw Account|
|Leverage||Up to 30:1|
|Available Base Currencies||AUD, USD, GBP, EUR, NZD, SGD|
|Deposit Methods||Visa / MasterCardPOLi PaymentBank Wire Transfer|
|Trading Platform||MetaTrader 4 / MetaTrader 5|
|24-hour Personal Support||Yes|
FOCUS MARKETS also provides demo accounts for traders who want to practice and familiarize themselves with the platform before trading with real funds. Demo accounts simulate real market conditions, allowing traders to execute trades using virtual funds.
FOCUS MARKETS offers a maximum leverage of 1:30 to its traders. Leverage is essentially a borrowed capital provided by the broker to enable traders to increase their trading position. The leverage ratio of 1:30 means that for every $1 of the trader's own capital, they can control a trading position worth up to $30.
Leverage amplifies the potential profits and losses of a trade. When used wisely, leverage can enhance the returns on investment. For example, if a trader has $1,000 in their trading account and uses 1:30 leverage, they can control a position of up to $30,000.
However, it's important to note that while leverage can multiply gains, it also increases the risk. Higher leverage means that even small market fluctuations can have a significant impact on the trader's capital. If the market moves against the trader's position, losses can also be magnified.
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 starts from 0 pips , with a commission of $3.5 per lot per side.
|Spreads||From 1.0 pips||From 0.0 pips|
|Commissions||None||$3.5 per lot per side|
FOCUS MARKETS provides its clients with access to two popular and powerful trading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5).
MetaTrader 4 (MT4) is widely recognized as one of the most popular and user-friendly trading platforms in the industry. It offers a robust set of features and tools that cater to the needs of both beginner and experienced traders. Traders can access real-time market quotes, perform technical analysis using a wide range of indicators and charting tools, and execute trades with ease. MT4 also allows for automated trading through the use of expert advisors (EAs) and offers a diverse selection of order types to suit various trading strategies.
MetaTrader 5 (MT5) is the successor to MT4 and provides an even more comprehensive trading experience. With MT5, traders have access to additional asset classes such as stocks and futures, expanding their trading opportunities. The platform offers enhanced charting capabilities, advanced technical analysis tools, and a multi-threaded strategy tester for efficient backtesting of trading strategies. Like MT4, MT5 also supports algorithmic trading through the use of expert advisors.
Currently, clients are able to open accounts and deposit funds in the following base currencies: AUD, USD, GBP, EUR, NZD, CAD and SGD.
|POLi Payment||Bank Wire|
|Available currencies||AUD||AUD, USD, GBP, EUR, NZD, CAD and SGD|
|Est. processing time||Instant Deposit 24/7||1 – 3 business days|
|Transaction fees:||$0||Please check with bank|
|FOCUS MARKETS||Most other|
On our website, you can see that reports of unable to withdraw. 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.
FOCUS MARKETS offers live chat. With live chat, customers can get their questions answered quickly and receive help with any issues they may have. It's a convenient and effective communication channel that can improve customer satisfaction and increase sales.
Customers can visit their office or get in touch with customer service line using the information provided below:
Telephone: +61 03 5906 7829
Moreover, clients could get in touch with this broker through the social media, such as Twitter, Facebook, Instagram, and Linkedin.
Whats more, FOCUS MARKETS provides a Frequently Asked Questions (FAQ) section on their website to assist their clients with commonly asked questions and provide relevant information. The FAQ section aims to address common queries and concerns that investors may have regarding the company's services, processes, and investment opportunities. By offering this resource, FOCUS MARKETS aims to provide transparency and clarity to their clients, helping them make informed decision.
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.
In conclusion, FOCUS MARKETS is a well-established financial services provider based in Melbourne, Australia. With a range of global financial markets accessible through its award-winning trading platform and mobile applications,
However, FOCUS MARKETS has many problems. For example, there are reports of unable to withdraw. And it has regional restrictions. Therefore, traders should verify the regulatory status of FOCUS MARKETS or any broker they choose to work with to ensure compliance with industry standards and regulatory requirements.
|Q 1:||Is FOCUS MARKETS regulated？|
|A 1:||Yes. It is regulated by ASIC.|
|Q 2:||How can I contact the customer support team at FOCUS MARKETS？|
|A 2:||You can contact via phone, +61 03 5906 7829 and email, email@example.com and firstname.lastname@example.org.|
|Q 3:||Does FOCUS MARKETS offer demo accounts？|
|Q 4:||Does FOCUS MARKETS offer the industry leading MT4 & MT5？|
|A 4:||Yes. It offers MT4 and MT5.|
|Q 5:||What is the minimum deposit for FOCUS MARKETS？|
|A 5:||The minimum initial deposit to open an account is $100.|
|Q 6:||Is FOCUS MARKETS a good broker for beginners？|
|A 6:||Yes. It is a good choice for beginners because it is regulated well and offers various trading instruments with competitive trading conditions on the leading MT4 and MT5 platforms. Also, it offers demo accounts that allow traders to practice trading without risking any real money.|
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 provided in this review may be subject to change due to the constant updating of the company's services and policies.
In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
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