ASICAustraliaTier 1Licence number
246705
View licence record- Licence holder
- Held by OpenMarkets
- Licence type and regime
- Investment Advisory License
Not checkedUpdated
At a glance
Regulation on record for OpenMarkets
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
OpenMarkets 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 OpenMarkets, 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 OpenMarkets
Answered from the register entries on this page.
Most Popular Questions
OpenMarkets offers trading in various regulated financial instruments including Forex, stocks, funds, options, derivatives, and securities. These instruments are covered under its ASIC license.
OpenMarkets offers customer support via phone, live chat during business hours, and email. Support is available in English, with contact options including phone numbers and dedicated email addresses for general inquiries, support, and complaints.
OpenMarkets offers a maximum leverage of 1 according to the provided trading conditions. This leverage level is relatively low compared to many other brokers.
OpenMarkets supports bank transfers, credit/debit cards, and e-wallets for deposits and withdrawals. These methods have no internal fees and offer instant or hourly processing times depending on the method. Specific details may vary depending on the broker using OpenMarkets infrastructure.
OpenMarkets Australia Limited is regulated by the Australia Securities & Investment Commission (ASIC), a tier 1 onshore regulator. The broker holds an Investment Advisory License and follows strict fund segregation rules, although there is no mandatory client fund insurance. OpenMarkets operates with high transparency and a complaint mechanism through AFCA.
OpenMarkets 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.
OpenMarkets 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 OpenMarkets 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 OpenMarkets 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.
OpenMarkets has licence records in Australia. A licence applies in the jurisdiction that issued it; it does not by itself cover clients elsewhere.