Score

1.52 /10
Danger

Reach Markets

Australia

5-10 years

Regulated in Australia

Investment Advisory License

Suspicious Scope of Business

Suspicious Overrun

High potential risk

C

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Exposure

Time Machine
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Score

Regulatory Index3.05

Business Index7.08

Risk Management Index0.00

Software Index4.00

License Index0.00

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

Reach Markets Pty Ltd

Company Abbreviation

Reach Markets

Platform registered country and region

Australia

Company website

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Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2024-12-22
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!
  • This broker exceeds the business scope regulated by Australia ASIC(license number: 333297)Investment Advisory Licence Non-Forex License. Please be aware of the risk!

WikiFX Verification

Reach Markets · Company summary

General Information& Regulation

Reach Markets, namely Reach Markets Pty Ltd., is an experienced brokerage that provides a platform that traders and investors could have the access to the best companies to take an option to the investment type and the opportunities of online trading options. It was registered in Australia in 2018 with the actual address at Level 24, Royal Exchange Building, 56 Pitt Street, Sydney, NSW 2000 Australia.

Market Instruments

There are 3 types of instruments available including investments, wholesale, and options trading, amid wholesale, the investor must be suitable for the 708 investors, besides, it is defined in light of net assets and a gross income. For the option, Reach Markets offers online options trading with advanced tools and features, besides, for the investment, Reach Markets could provide the investment company regular updates via live webcasts.

Accounts

Investors are required to open an account for the investment, and if you are an options trader, you are required to sign up for another broking account for free within 7 days trial.

Customer Support

The support team is always at clients assistance with the best possible solution to your queries. Please call at +1300805795 or e-mail at admin@reachmarkets.com.au, besides, you can get in touch with Reach Markets within a reasonable time on Facebook at https://www.facebook.com/ReachMarkets/?ref=br_rs or Twitter at https://twitter.com/reach_markets?lang=en.

Risk Warning

A high level of risk is involved in investment products. Establishing your Investment targets understanding of risk and trading experience is key to maintaining a good trading experience. Losing more than your initial investment is highly possible, so do not invest money you cannot afford to lose.

User Reviews

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User comment

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Comments

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赵建民
more than one year
Reach Markets is a total joke of a broker. I can be sure of that. Their spreads are sky-high, and their trading platform is a complete mess. If you want to lose money, then by all means, go ahead and trade with them. But if you're serious about making a profit, then steer clear of these clowns. Trust me!
Reach Markets is a total joke of a broker. I can be sure of that. Their spreads are sky-high, and their trading platform is a complete mess. If you want to lose money, then by all means, go ahead and trade with them. But if you're serious about making a profit, then steer clear of these clowns. Trust me!
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2023-03-29 10:22
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FX1090816355
more than one year
100% a scam. Confirmed with the address where they claim their HQ is, that they do not exist in that building. They are scumbags trying to steal your money.
100% a scam. Confirmed with the address where they claim their HQ is, that they do not exist in that building. They are scumbags trying to steal your money.
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2022-12-06 17:41
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