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    Compass Markets

    5-10 years
    |
    Regulated in Australia
    |
    Market Making(MM)
    |
    Non MT4/5 Software

    Rating

    0123456789
    .
    0123456789
    0123456789

     /10

    License Index

    8.11

    Business Index

    7.80

    Risk Management Index

    8.90

    Software Index

    7.30

    Regulatory Index

    8.08

    Licenses

    Australia Securities & Investment Commission

    Market Making(MM)

    ASIC Regulated

    Overview

    • Company Name:

      COMPASS GLOBAL HOLDINGS PTY LIMITED
    • Company Abbreviation:

      Compass Markets
    • Place of registration:

      Compass Markets Australia
    • Regulatory Status:

      Regulated
    • Customer Service Email Address:

      INFO@COMPASSMARKETS.COM
    • Customer Service Phone Number:

      +61 2 8039 1400
    • Company summary

      GeneralInformation&RegulationCompassMarketsspecializesinInternationalMoneyTransferforbothmajorcurrencyandminors,includingUSD,AUD,GBP,JPY,SGDaswellasPLN,QAR,etc.CompassMarketscurrentlyholdsaMMlicenseauthorizedbyASICinAustralia,allowingitprovidegeneraladvicetobothwholesaleandretailclientsinforeignexchangecontracts,derivativesaswellasnon-cashpaymentsproducts.MinimumDepositofCompassMarketsTheminimumdepositrequiredbyCompassMarketsisnotfullydisclosedonitsofficialwebsite.Surely,themissingofsuchimportantinformationcanbeabigpity.LeverageofCompassMarketsWhenitcomestotradingleverage,thereisnotmuchrelatedinformationmentioned.SowewouldsaythattradingleverageavailableonCompassMarketsremainsunknown.SpreadsofCompassMarketsCompassMarkets,beingamoneytransferprovider,doesnotprovideanyspread-realatedinformation.TypesofTransferTherearefourtypesoftransferclientscanmakewithCompassGlobalMarketsintotal.One-offtransfers.(Makeaone-timetransfer);Limitorders(Compasswillmonitorthemarket,andwhenyourdesiredratehits,Compasswillmakethetransactiononyourbehalf);Currencyreceipts(CompassGlobalMarketsalsoprovidesforeigncurrencyreceiptswheretheycanconvertyourforeigncurrencyreceiptsintothecurrencyofyourchoice);Hedgingcapabilities(ApartfromaccesstotheFXandcommoditymarketsthroughtheirtradingplatform,CompassGlobalMarketsalsoprovideshedgingcapabilitiesforsmallbusinessandforeignexchangepaymentssolutionsandtheabilityforpeopletoinvesttheirmoneywithanexperiencedfundmanager).ExchangeRateTherateofferedmaydependonanumberoffactors,includingtransactionsize,termoftheproducts,businessrelationship,themarketratesandthedifferinginterestratesapplicabletothecurrencypairinvolvedinthetransaction.Andthedetailsoffeesandcostswillbedisclosedwhenclientsentersintoatransaction.Moreover,CompassMarketsdoesnotacceptschecks,onlyEFTtransfers.ConsCompassMarketshavesomedrawbacks,amongwhichisNocashtransfers.Unlikesomeoftheothertransferservices,CompassMarketscannotbeusedforsendingmoneyoverseasandhavingitmadeavailableforpickup. About More
    Pyramid scheme complaint

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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 :

      COMPASS GLOBAL HOLDINGS PTY LTD

      Effective Date :

      2012-11-21
    • Email Address of Licensed Institution :

      andrew@compassmarkets.com

      License Type:

      No Sharing
    • Website of Licensed Institution :

      www.compassmarkets.com

      Expiry Date :

      --
    • Address of Licensed Institution :

      Suite 33 Level 3, 650 George Street, SYDNEY NSW 2000

      Phone Number of Licensed Institution :

      0292839792
    • Licensed Institution Certified Documents :

      COMPASS GLOBAL MARKETS ASIC View Certified Documents COMPASS GLOBAL MARKETS AFCA View Certified Documents

    Compass Markets · MT4/5

    Identification Result

      Compass Markets · Website

      Most visited countries/areas

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          Compass Markets · Genealogy

          Compass Markets · Clones

          Compass Markets · Market Analysis

          The data are from WIKI Research    2021.09.23 updated

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          Please choose wisely! Please avoid unnecessary loss

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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
          Compass Markets
          * Contact number
          0086
          *Enter your phone number
          *Reporting Reasons

          *Enter your reason
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          You can check the real-time processing progress in 'User Center-My Release-Ponzi Scheme'

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          Compass Markets · Company summary

            General Information & Regulation

            Compass Markets specializes in International Money Transfer for both major currency and minors, including USD, AUD, GBP, JPY, SGD as well as PLN, QAR, etc. Compass Markets currently holds a MM license authorized by ASIC in Australia, allowing it provide general advice to both wholesale and retail clients in foreign exchange contracts, derivatives as well as non-cash payments products.

            Minimum Deposit of Compass Markets

            The minimum deposit required by Compass Markets is not fully disclosed on its official website. Surely, the missing of such important information can be a big pity.

            Leverage of Compass Markets

            When it comes to trading leverage, there is not much related information mentioned. So we would say that trading leverage available on Compass Markets remains unknown.

            Spreads of Compass Markets

            Compass Markets, being a money transfer provider, does not provide any spread-realated information.

            Types of Transfer

            There are four types of transfer clients can make with Compass Global Markets in total. One-off transfers.(Make a one-time transfer); Limit orders (Compass will monitor the market, and when your desired rate hits, Compass will make the transaction on your behalf); Currency receipts (Compass Global Markets also provides foreign currency receipts where they can convert your foreign currency receipts into the currency of your choice); Hedging capabilities (Apart from access to the FX and commodity markets through their trading platform, Compass Global Markets also provides hedging capabilities for small business and foreign exchange payments solutions and the ability for people to invest their money with an experienced fund manager).

            Exchange Rate

            The rate offered may depend on a number of factors, including transaction size, term of the products, business relationship, the market rates and the differing interest rates applicable to the currency pair involved in the transaction. And the details of fees and costs will be disclosed when clients enters into a transaction. Moreover, Compass Markets does not accepts checks, only EFT transfers.

            Cons

            Compass Markets have some drawbacks, among which is No cash transfers. Unlike some of the other transfer services, Compass Markets cannot be used for sending money overseas and having it made available for pickup.

          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.