Wikilix
Licence record

Bank First: ASIC licence 240960

Issuing authority
Australia Securities & Investment Commission
Jurisdiction
Australia
Licence type
Investment Advisory License

This is Wikilix's record of a licence issued by Australia Securities & Investment Commission. It sets out what the register says, what we checked, and what the authority's own rules protect.

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Licence intelligence

RecordModified Aug 3, 2026

Licence Verification Record

Australia Securities & Investment Commission 240960

Recorded from the firm's own disclosure. Not yet checked against the register.

Holder
Victoria Teachers Limited
Issuing authority
Australia Securities & Investment Commission
Jurisdiction
Australia
Licence type
Investment Advisory License

A licence record describes what an authority published. It is not an endorsement, and Wikilix does not issue authorisations.

wikilix.com/brokers/bank-first/licenses/australia-securities-and-investment-commission/240960Fields on file 2 / 11

Open Bank FirstAll Bank First licencesAbout ASIC
Our check

What we checked

Nobody has adjudicated this licence yet. It is recorded here as claimed, not as confirmed.

Wikilix check
Not checked
Authority strength
Tier 1
Jurisdiction
Australia
Last checked
Never

Nobody at Wikilix has looked this licence up on the official register yet. Everything above comes from the record as supplied; treat it as a claim until you have checked it yourself.

A licence record describes what an authority published. It is not an endorsement, and Wikilix does not issue authorisations.
The register

What the authority publishes

Printed as the register prints it. A field that is missing here is one nobody has recorded, not one the register leaves blank.

Licence number
240960
Licence type (Wikilix classification)
Investment Advisory License
The authority

About ASIC

Australia Securities & Investment Commission is the authority that issued this licence, and the jurisdiction it applies in is Australia.

Full name
Australia Securities & Investment Commission
Jurisdiction
Australia
Strength
Tier 1The strictest regimes: high capital requirements, segregated client money and a compensation scheme.
Established
1998
Oversight
A government or statutory body
Firms we track under it
144 firms
Regulates
Forex, Stocks, Fund, Options, Derivatives, Securities
Licences it issues
AFSL – OTC Derivatives (Principal Dealer & Agency)
Typical cost of a licence
AUD 50000-100000+
Public register
Searchable by the public
Transparency
High
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
This describes the authority's regime, not how Bank First applies it.
The holder

Who holds this licence

The licence above is recorded against Bank First. Wikilix holds no separate company records for this holder, so we cannot say which legal company the register issued it to.

Broker
Victoria Teachers Limited
Based in
Australia
Wikilix score
52.8the firm’s overall score, not a rating of this licence

Wikilix records Bank First as operating beyond the scope of its authorisation. That is a finding about the firm, not about this licence — the register’s own wording above is what states this entry’s standing.

Provenance

Where this record came from

Every date below has already happened. We do not publish a promised next-update date, because we do not schedule per-licence re-checks.

Last checked by Wikilix
Never — nobody has looked this entry up yet
Record last edited
When this entry was last changed in our database, which may be a correction rather than a change at the register.
Wikilix records what an authority published. It does not issue or endorse authorisations.
Frequently Asked Questions

Questions about this licence

Answered from this register entry and the authority’s own record.

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.
Licence 240960 was issued by Australia Securities & Investment Commission (ASIC), the financial authority for Australia.
Bank First holds this ASIC licence. A licence on record means the authority published an entry; it is not an endorsement.
Nobody at Wikilix has looked this entry up on the ASIC register yet, so treat it as claimed rather than confirmed. That is a gap in our coverage, not a finding against the licence.
Wikilix rates ASIC tier 1 — the strictest band, with high capital requirements, segregated client money and a compensation scheme.
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