OpenMarkets Review - Is It Legit and Safe? - WikiFX
Abstract：OpenMarkets is a financial services firm formerly regulated by ASIC under an Investment Advisory License, which is now listed as "exceeded".
| OpenMarkets Review Summary | |
| Founded | 2004 |
| Registered Country/Region | Australia |
| Regulation | ASIC (exceeded) |
| Services | Enterprise APIs, Execution, Managed Accounts, Onboarding, Order Manager, Risk Management |
| Customer Support | Contact form |
| Phone: +61 381997700, +61 1300 769 433 | |
| Email: support@openmarkets.com.au | |
| Address: Level 15, 388 George Street, Sydney NSW 2000, Australia | |
OpenMarkets, founded in 2004 and based in Australia, is a financial services firm formerly regulated by the Australian Securities and Investments Commission (ASIC) under an Investment Advisory License, which is now listed as “exceeded”. The company offers various services such as Enterprise APIs, Execution, Managed Accounts, Onboarding, Order and Risk Management.
Pros and Cons
| Pros | Cons |
| A wide range of services | Exceeded ASIC license |
| Diverse customer support channels | Lack of info on trading platforms |
| No demo accounts | |
| Limited info on accounts | |
| Limited info on trading fees |
Is OpenMarkets Legit?
No, at present, OpenMarkets' Investment Advisory License under ASIC has been exceeded.
| Regulated Country | Regulated Authority | Regulated Entity | Current Status | License Type | License Number |
 | Australian Securities and Investments Commission (ASIC) | OpenMarkets Australia Limited | Exceeded | Investment Advisory License | 246705 |
Services
OpenMarkets offers diverse services including Enterprise APIs, Execution, Managed Accounts, Onboarding, Order Manager, and Risk Management.
Read more
OspreyFX Review: Do Traders Face High Slippage and Wide Spreads?
Are your funds stuck with OspreyFX, a Saint Vincent and the Grenadines-based forex broker? Does your trade execution price always remain far away from the requested price due to heavy slippage? Does the broker, contrary to its claims of low-cost trading experience, widen spreads to inflate your costs? Like others, do you always witness constant fund withdrawal denials by the broker? In this OspreyFX review article, we have investigated complaints against the forex broker. Read on!
Xlibre Deposit and Withdrawal Methods: A Complete 2026 Review
When choosing a broker, how you move capital in and out of your account is extremely important. Investing funds and withdrawing them out are not just simple tasks - they show whether a broker is trustworthy and works properly. It doesn't matter if putting money in is easy if you can't get your money back out. This guide explains Xlibre deposit and withdrawal methods, but we also talk about managing risks and being careful. Sometimes it's easy to deposit funds in an account, but very hard to take out your profits and original capital. Our main goal is to keep your funds safe by giving you a clear analysis of how these processes work and, more importantly, what risks they involve.
Xlibre User Reputation: Looking at Real User Feedback and Common Complaints to Check Trust
When traders want to know if a broker is safe or a scam, they want a clear answer based on facts. After carefully studying regulation data and reports from users, Xlibre appears to be a high-risk brokerage. The direct answer to "Is Xlibre Safe or Scam?" is clearly no - it's not safe. The platform works without any proper financial regulation from a trusted authority, which is absolutely necessary to keep traders’ finances safe. This lack of oversight gets worse when you add the serious user complaints saying they cannot withdraw large amounts. These two problems - no regulation and believable claims about blocked withdrawals - are major warning signs. While "scam" is a legal term, Xlibre shows a pattern that puts it clearly in the unsafe and untrustworthy category. This article will break down the evidence step by step, giving you the information you need to make a smart decision and protect your capital.
Italy’s CONSOB Orders Blocking of Three Unauthorized Investment Websites
Italy’s financial markets regulator, Commissione Nazionale per le Società e la Borsa (CONSOB), has announced the blocking of access to three websites offering unauthorized investment services as part of its ongoing efforts to combat online financial fraud.
WikiFX Broker
Latest News
Canadian Regulators Say More Than 7,500 Fraudulent Investment and Crypto Websites Were Taken Down
WikiFXOil prices jump above $100 for first time in four years
WikiFXRetiree’s Tabung Haji Savings Gone: Elderly Retiree Loses RM277,000 After One Whatsapp Message
WikiFXUS NFP Preview: Markets Brace for Volatility as Employment Data Tests Fed's Patience
WikiFXCrude Oil Rallies to $85 on Escalating Middle East Geopolitical Risks
WikiFXForex Brief: Dollar Dips Ahead of NFP; RBA Bets Lift AUD
WikiFXHeroFx Review: Withdrawal Problems, Scam Alert & Risks
WikiFXJRJR Review: Safety, Regulation & Forex Trading Details
WikiFXMiddle East Conflict Esculates: Cloud Infrastructure Targeted as US & Israel Strike Tehran
WikiFX9X markets Review 2026: Is this Forex Broker Legit or a Scam?
WikiFXRate Calc
