Forex ASX Markets Trading Broker Review

Performance Matrix

Main Score & Risk Matrix

N/A

Score

1.5

Very Poor

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

License 1.7

Business 1.0

Risk Control 1.3

Software 2.0

Regulatory 1.5

Terminal Snapshot

ASX Markets Trading Conditions

Registered Region Saint Vincent and the Grenadines

Operating Period 5-10 years

Minimum Deposit $100

Spread N/A

Licenses N/A

Contact Email support_vn@asxmarkets.com

Contact Number +841900299990

Website www.asxmarkets.com

Balanced Review

Pros & Cons

Pros

Diverse range of trading instruments including forex, commodities, indices, and cryptocurrencies
Supports the widely-used MetaTrader 4 (MT4) platform
Offers multiple account types to cater to different trading strategies
Provides free demo accounts for practice and strategy testing
24/5 multilingual customer support available through various channels

Cons

No valid regulation in major jurisdictions
Reports of withdrawal issues and difficulties
Limited educational resources and tools
Lack of transparency regarding fund protection
Concerns about potential fraud and scams

Compliance Desk

Regulatory Licenses

0.0/10

No structured regulatory license cards have been configured yet.

Peer Benchmark

Broker Comparison

Feature	ASX Markets	Anzo Capital	Focus Markets	AvaTrade
Operating Period	5-10 years	See review	See review	See review
Region	Saint Vincent and the Grenadines	See review	See review	See review
Minimum Deposit	$100	See review	See review	See review
Spread	N/A	See review	See review	See review
Trust Score	1.5/10	See review	See review	See review

Product Fit

Account Types

What Account Types and Fees Does ASX Markets Offer?

Account Type	Target User Group	Essential Characteristics	Applicability Notes
FIX Account	Traders seeking stability	Fixed spreads for predictable trading costs	Suitable for traders preferring consistent pricing
VARIABLE Account	Active traders	Variable spreads offering potential lower costs	Good for traders capitalizing on market fluctuations
VIP Account	High-volume traders	Additional benefits and dedicated support	Designed for experienced traders with substantial trading volume
RAW ZERO Account	Professional traders	Access to raw spreads with zero markups	Ideal for those seeking transparency in fees

Account Opening Process

To open an account with ASX Markets, prospective traders need to submit personal, employment, and financial information. This process involves identity verification, requiring documents such as an ID and proof of address. Traders also have the flexibility to upgrade to a professional account later if their trading needs change.

Trading Fees

Product	Spread (pips)	Commission	Notes
Forex (Major Pairs)	1.8 (FIX), 1.1 (VARIABLE)	$0 (ECN: $10/lot)	Varies depending on account type
CFDs (Stocks, Indices, Commodities)	Varies	$10 per trade	Competitive pricing for various assets
Cryptocurrencies	1.0%	0.1%	Variable depending on market conditions

Other Fees

ASX Markets may impose various fees including deposit and withdrawal fees, inactivity fees for dormant accounts, platform usage fees if applicable, overnight interest (swap rates), and currency conversion fees. Traders should review the terms for any specific charges that may apply.

Editorial Verdict

Expert Verdict

R

Research Desk

Senior Broker Analyst

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

Funding Desk

Deposit & Withdrawal Methods

No structured payment methods have been configured yet.

Trader Feedback

ASX Markets User Reviews

3.0

★ ★ ★ ★ ★

4 total reviews

5 star

4%

4 star

4%

3 star

4%

2 star

20%

1 star

60%

John Smith

Sydney

★ ★ ★ ★ ★

I faced significant difficulties when trying to withdraw my funds from ASX Markets. Customer support was unresponsive, and it took weeks to get any answers. I wouldn’t recommend this broker due to their withdrawal issues.

Emily Johnson

Melbourne

★ ★ ★ ★ ★

I appreciate the variety of trading instruments available on ASX Markets, and the MT4 platform is user-friendly. However, I did encounter some delays in customer support responses. Overall, it’s a decent platform for trading.

Michael Tan

Singapore

★ ★ ★ ★ ★

Extremely disappointed with ASX Markets. I was unable to withdraw my funds, and communication with support was nearly impossible. This broker lacks transparency and reliability.

Sarah Lee

Brisbane

★ ★ ★ ★ ★

ASX Markets offers a great trading experience! The MT4 platform is excellent, and I’ve found the spreads to be quite competitive. Their demo account feature is also very helpful for practice. Highly recommend!

Saint Vincent and the Grenadines Market