Score

8.23 /10
Good

BOQ

Australia

Above 20 years

Regulated in Australia

Market Maker (MM)

Global Business

Medium potential risk

A

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Comparison

Quantity 2

Exposure

Time Machine
Website

Score

Regulatory Index8.11

Business Index9.19

Risk Management Index8.90

Software Index7.30

License Index8.12

Time Machine
Website

Licenses

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

Single Core

1G

40G

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Broker Information

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Company Name

Bank of Queensland Limited

Company Abbreviation

BOQ

Platform registered country and region

Australia

Company website

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Company summary

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WikiFX Risk Alerts
Previous Detection : 2025-05-31
  • The current information shows that this broker does not have a trading software. Please be aware!

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BOQ · Company summary
BOQ Review Summary
Founded1874
Registered Country/RegionAustralia
RegulationASIC
Financial ServicesBank accounts, home loans, credit cards, personal loans, insurance, business loans, business accounts, foreign exchange and trade services, merchant and payment products
Minimum Deposit0
Customer SupportTel: 1300 55 72 72

BOQ Information

BOQ, established in 1874 and regulated by ASIC, offers diverse financial services for individuals and businesses, including various bank accounts, home and personal loans, credit cards, insurance, and specialized business banking solutions. They are noted for having a zero minimum deposit requirement for some accounts.

BOQ Information

Pros and Cons

ProsCons
Regulated by ASICAge restrictions on high-yield savings
Diverse account typesLimited channels for customer support
Zero minimum deposit
Long operation time

Is BOQ Legit?

BOQ has a Market Maker (MM) license regulated by the Australian Securities and Investments Commission (ASIC) in Australia with a license number of 000244616.

Regulated AuthorityCurrent StatusLicensed EntityRegulated CountryLicense TypeLicense No.
Australian Securities and Investments Commission (ASIC)RegulatedBank of Queensland LimitedAustraliaMarket Maker (MM)000244616
BQQ license

Financial Services

  1. For individuals, BOQ offers bank accounts (transaction, savings, term deposits), home loans (including refinancing and calculators), credit cards (with rewards), personal loans, and insurance (home/contents and car).
BQQ services 1
  1. For businesses, BOQ offers loans and finance (including business loans and overdraft), business accounts (transaction, savings, Visa debit card), foreign exchange and trade services, merchant and payment products, industry expertise (e.g., agribusiness, healthcare), and business banking support (tools, calculators, knowledge hub).
BQQ services 2

Account Type

Business bank account: BOQ offers various business bank accounts, including Business Transaction Accounts for daily operations and Savings and Investment Accounts to earn interest on business funds. They also provide Industry Specialist Accounts tailored for sectors like Solicitors, Real Estate Agents, and Not-for-Profits.

BQQ account 1

Personal account: BOQ offers two types of personal accounts, which are the Transaction Account and Savings Accounts.

Transaction account: BOQ's transaction accounts generally feature no monthly account-keeping fees, no withdrawal fees at BOQ ATMs within Australia, and no transaction fees within Australia. They also state no overdrawn fees if you happen to overdraw your account.

BQQ account 2

Savings accounts:

FeatureFuture Saver Account (14-35 years old)Smart Saver Account (36 years or older)Simple Saver AccountTerm Deposits (Balances $5,000 - $249,999, Term 12-24 months)
Interest Rate5.25% p.a. on balances up to $50,0004.90% p.a. on balances up to $250,0004.55% p.a. on balances up to $5M4.00% P.A.
Bonus InterestVariable rate up to $50,000 if criteria metVariable rate up to $250,000 if criteria metGet a great, ongoing interest rateFixed term interest rates and no account fees
AvailabilityAvailable on the myBOQ app-
Monthly Account Fees
Minimum Deposit--0$1,000
Other FeaturesEarn bonus interest each month when criteria metSimply sit back and watch your savings growFlexible terms from just 1 month, choose interest payment frequency
BQQ account 3

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David Wilson
more than one year
Queensland Bank,a big bank, great service.👍👍👍 They are first-class.
Queensland Bank,a big bank, great service.👍👍👍 They are first-class.
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2024-05-22 13:34
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王苏彬
more than one year
ASIC is one of the best regulators in the world and BOQ is my current forex broker. It's able to provide a series of satisfactory services and my money is safe.
ASIC is one of the best regulators in the world and BOQ is my current forex broker. It's able to provide a series of satisfactory services and my money is safe.
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2023-02-15 17:34
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