ASIC — Australia
OPENMARKETS AUSTRALIA LIMITED
Regulated · No. 246705
OpenMarkets Review — Overview
Regulation
Tier-1 regulated
Licence
ASIC · No. 246705
Licence status
Regulated
Instruments
Forex and CFDs
Operating
Est. 2004
Main market
AU
Entity
OPENMARKETS AUSTRALIA LIMITED
Website
Unknown
OpenMarkets is a forex & CFD broker based in Australia, established in 2004. On Trust Broker Hub it holds a Trust Score of 5.1 out of 10, which we rate as Fair — below the 5.3/10 average for brokers that hold a verified licence. Mixed profile — check regulation and conditions before depositing.
Crucially, OpenMarkets is regulated by ASIC, including at least one tier-1 regulator. Tier-1 regulation is the strongest sign of legitimacy: it normally requires segregated client funds, regular audits and access to a compensation scheme if the broker fails — meaningful protection for your money.
OpenMarkets provides access to forex and CFDs. Its detailed trading conditions — minimum deposit, spreads and maximum leverage — are not publicly disclosed, which lowers transparency. No complaints are currently on record. Overall, OpenMarkets has a mixed profile: check its regulation and conditions carefully before depositing.
Trust score breakdown
How is this calculated?
Weighted total
7.30
Data completeness
4 of 10 facts verified
40% ×0.70
Trust Score
5.1 / 10
Trust Score history
OpenMarkets currently scores 5.1/10. The trend line will build here as the Trust Score is re-evaluated over time.
Pros
- Regulated by a tier-1 authority
- No unresolved complaints on record
- Listed in our verified broker directory
Cons
- Trading conditions and fees not publicly disclosed
- Always verify the licence directly before depositing
Regulation
Tier 1 · Top
Verified
Offshore (tier-3) regulators typically have lower capital requirements and no compensation scheme. Funds may not be protected if the broker fails.
Trading conditions
| Instruments | Not disclosed |
| Minimum deposit | Not disclosed |
| Maximum leverage | Not disclosed |
| Typical spread | Not disclosed |
| Platforms | Not disclosed |
| Demo account | Not disclosed |
We mark unverified fields as “Not disclosed” rather than estimate them.
Our verdict on OpenMarkets
Our analysis · editorial
5.1/10
A mixed risk profile
OpenMarkets holds a tier-1 regulatory licence (ASIC). Based in Australia, it has been operating for about 22 years. We have no complaints on record against it. Weighing regulation, track record and complaint history, our Trust Score is 5.1/10 — a mixed profile.
Strengths
- Authorised by a tier-1 regulator (ASIC)
- Long 22-year operating track record
- No complaints on record with us
Watch-outs
- Limited public data on its trading conditions
Bottom line: Proceed with caution: start with a small deposit and test a withdrawal early.
This is Trust Broker Hub's data-driven editorial assessment — not a user review. It is generated automatically from regulation, licensing, company age and complaint records, and updates as those change.
User reviews
5 0
4 0
3 0
2 0
1 0
OpenMarkets — Questions & Answers
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Complaints & alerts
No complaints or regulator warnings on record
We monitor regulator alert lists and user reports. We'll flag OpenMarkets here if that changes.
Full specifications
Regulated region
Australia
Operating period
5-10 years
Main market
AU
Licensed entity
OPENMARKETS AUSTRALIA LIMITED
License status
Regulated
Year founded
2004
Frequently asked
Is OpenMarkets a safe broker?
OpenMarkets scores 5.1 / 10 on our Trust Score, below the 5.3 average for brokers that hold a verified licence. It holds tier-1 regulation, which offers strong investor protection. It has no complaints on record with us. Trade only with funds you can afford to lose.
How is the OpenMarkets trust score calculated?
The score weighs five factors: regulation tier, transparency of disclosures, operating footprint, user sentiment, and complaint history. Each is scored out of 10 and combined into the overall figure shown at the top. Read our methodology.
What does "offshore regulated" mean?
It means the broker's licence comes from a jurisdiction with lighter requirements than tier-1 regulators like the FCA or ASIC. There's usually no compensation scheme, so recovering funds can be difficult if the broker fails.
Can I withdraw funds easily from OpenMarkets?
OpenMarkets doesn't publish detailed withdrawal terms, so we can't verify processing times or fees. Test with a small amount first and document every transaction.