Brokers  /  OpenMarkets

OpenMarkets

Low risk
🇦🇺 Australia · 5-10 years · since 2018-12-27 · OpenMarkets Australia Limited
ASIC
Visit site ↗
3.7/5
★★★★★ ★★★★★
2 reviews ›
1
Licenses ›
1
Withdrawal issues ›
—
Min. deposit ›
—
Max leverage ›
0
Account types ›
13/100
Scam risk ›
0
Clone sites ›
▲ 50% positive▼ 50% negative
Independent ratingshow third parties score this broker
WikiFX2.34/10
Trustpilot3.7/5
Forex Peace Army—/5
13
Low risk
Scam Risk Scoremonitored · 2026-07-05
Lower riskHigher risk
  • Authorised by Tier-1 regulator(s): ASIC
  • Withdrawal complaints in ~50% of recent reviews
How this score is calculated — view the open algorithm

A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.

FactorScoreWeight
Regulation & licensing835%
Company age2215%
Clone / impersonation012%
Withdrawal & exposure complaints1812%
Offshore registration108%
Transparency (site/info/social)2810%
Real-user sentiment208%

Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.

Company
Legal nameOpenMarkets Australia Limited
Headquarters🇦🇺 Australia
Founded2018-12-27
Years operating5-10 years
Employees0
Official websiteopenmarkets.cfd
Trading conditions
Avg execution speed0 ms
Avg slippage0
Swap rating—
Trading cost rating—
Monitored traders0
Monitored orders0
Funding & instruments
Deposit methods—
Withdrawal methods—
Instruments—
Registered address
Level 40, 225 George Street, SYDNEY NSW 2000

Regulation & licenses · 1

RegulatorLicense typeLicense No.RegionStatus
ASICDerivatives Trading License (STP)246705AustraliaRegulated

Review analysis AI

Rating mismatch — Industry-tracker scores run far lower than real users do (gap -2.53)

Across 2 recent Trustpilot reviews, 50% are 1–2 star. The single most common complaint is being unable to withdraw funds (1 reports) — the classic warning sign in forex.

0
Period:
What users complain about
What users praise
Where reviewers are from
🇬🇧 GB1
United States1

Real user reviews

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About OpenMarkets

OpenMarkets is a forex and CFD broker based in Australia, with records dating to 2018-12-27. It reports oversight from ASIC.

FXCanary’s verdict is “Low risk.” On balance the regulatory footprint and real-user feedback are reassuring, though no broker is risk-free.

On Trustpilot, OpenMarkets holds a real-user score of 3.7/5 across 1 reviews. Withdrawal problems appear 1 times — always test a small withdrawal first.

Overview compiled by FXCanary from regulatory records and public data. full OpenMarkets review