ASICAustraliaTier 1Licence number
240960
View licence record- Licence holder
- Held by Bank First
- Licence type and regime
- Investment Advisory License
Not checkedUpdated
At a glance
Regulation on record for Bank First
Counts of what is on record, not a rating. Each figure describes the register entries Wikilix holds and the checks it has run against them.
- Licences on record
- 1
- Issuing authorities
- 1
- From tier-1 or tier-2 authorities
- 1
- Found on an official register
- 0
Bank First has one licence on record with Wikilix, issued by one authority across one jurisdiction. One of them was issued by a tier-1 or tier-2 authority — the regimes with the strictest capital, reporting and client-money rules. None has yet been located on an issuing authority’s own register, so every entry here should be read as claimed rather than confirmed.
Issuing authorities
Jurisdictions
Licence record
Licences on record
Every licence on record for Bank First, strongest authority first.
1 record
- ASICAustraliaTier 1
Protection
What this licence protects
ASIC's own rules for the firms it authorises.
- No compensation schemeNo mandatory insurance (but strict fund segregation)
- Negative balance protection
- Complaints routeAFCA
- Maximum leverage1:28
Frequently Asked Questions
Questions about the licences held by Bank First
Answered from the register entries on this page.
Most Popular Questions
Bank First provides customer support via phone at 1300 654 822 and live chat during business hours. Support is available in English, and the broker also maintains social media presence on Facebook and LinkedIn for additional contact options.
Bank First does not charge commissions on trades, and information about spreads is not specified in the provided context. The broker’s trading conditions indicate no commission structure but do not detail spread types or average spreads.
According to WIKILIX data, Bank First offers a maximum leverage of 1:1. This low leverage level reflects a conservative trading approach in line with regulatory requirements.
Bank First supports various funding methods including bank deposits or wire transfers, credit and debit cards, e-wallets like Neteller and PayPal, cryptocurrencies, and local payment methods. Processing times vary from instant for cards and e-wallets to hours or days for crypto and bank transfers. Fees depend on the payment method and region.
Bank First is regulated by the Australia Securities & Investment Commission (ASIC), a tier 1 onshore regulator. It holds an Investment Advisory License and complies with strict fund segregation rules, although it does not have mandatory client fund insurance. ASIC regulation ensures a high level of transparency and investor protection.
Bank First has one licence record with Wikilix, issued by one authority across one jurisdiction. A licence on record means an authority published an entry; it is not an endorsement, and Wikilix does not issue authorisations.
Bank First holds licence records issued by ASIC. Each authority’s own record — its tier, jurisdiction and client-protection rules — is linked from this page.
One of the licence records held by Bank First comes from tier-1 or tier-2 authorities (1 tier-1, 0 tier-2). Those regimes set the strictest capital, reporting and client-money requirements.
Not yet. None of the one licence record held by Bank First has been located on an issuing authority’s register, so each should be read as claimed rather than confirmed. Every record links to the official register so you can check it yourself.
Bank First has licence records in Australia. A licence applies in the jurisdiction that issued it; it does not by itself cover clients elsewhere.