What is ASX Markets?
ASX Markets is a forex and CFD broker based in St Vincent and The Grenadines, listed with a foundation year of 2018. It offers leverage up to 1:400, spreads from 0.0 pips and a minimum deposit of $500. Clients trade on MT4, Desktop platform (Windows), Desktop platform (Mac), Web Platform, Mobile app and on mobile.
ASX Markets: Some news
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Is ASX Markets safe and regulated?
ASX Markets is regulated by No. This is an offshore regulator. It sets capital and reporting rules, but its investor protection is lighter than tier-1 regulators such as the FCA (UK), CySEC (Cyprus) or ASIC (Australia), and there is usually no investor compensation scheme.
Safety checklist before you deposit
- Find the licence number on the broker's website and check it on the regulator's official register.
- Check that client funds are held in segregated bank accounts.
- Make a small first deposit and test a withdrawal before you add more.
- Confirm negative balance protection applies to your account type.
ASX Markets account types
The broker offers several account options so beginners and experienced traders can choose the right fit. Accounts open from a $500 minimum deposit.
| Account | Best for | Available |
|---|---|---|
| Mini account | Beginners trading small lot sizes | Yes |
| VIP account | High-volume traders wanting raw spreads | Yes |
| Islamic (swap-free) | Traders who need no overnight interest | Yes |
| Managed account | Investors who prefer a money manager | Yes |
Trading platform and conditions
ASX Markets provides MT4, Desktop platform (Windows), Desktop platform (Mac), Web Platform, Mobile app, so you can trade from any browser without installing software. Mobile trading is supported as well.
- Scalping and hedging are permitted, which suits short-term and EA-style strategies.
- News trading is allowed during high-impact economic releases.
- Spreads from 0.0 pips are available on raw pricing, with a commission per lot.
- Leverage up to 1:400 gives large position sizes from a small deposit, which also raises the risk of fast losses.
Deposits and withdrawals
ASX Markets supports 4 funding methods, including Wire Transfer Credit Card, Cryptocurrencies, Neteller, Skrill and More. Accounts can be held in 10 base currencies (USD, AED, EURO, AUD, GBP and more), which helps you avoid conversion fees.
ASX Markets bonus: 100% Welcome Bonus
How the promotion works
The current ASX Markets promotion is 100% Welcome Bonus. Entry rules, dates and eligible countries are set by the broker. Read the full terms on the ASX Markets website before you trade for it.
Check the promotionLooking for free trading credit instead? Compare the latest forex no deposit bonus offers and forex deposit bonuses.
ASX Markets pros and cons
Pros
- Raw spreads from 0.0 pips
- Scalping and hedging allowed
- News trading allowed
- Islamic, VIP, Mini and managed accounts
Cons
- Only offshore regulation
- No investor compensation scheme
- $500 minimum deposit is higher than some rivals
How to open an ASX Markets account
- RegisterVisit the ASX Markets website and sign up with your name, email and phone number.
- Verify your identityUpload a passport or national ID and a recent proof of address (KYC).
- Choose an accountPick Islamic, VIP, Mini, managed or a standard account, and your base currency.
- Fund the accountDeposit at least $500 with Wire Transfer Credit Card, Cryptocurrencies, Neteller or another method.
- Start tradingLog in to MT4, Desktop platform (Windows), Desktop platform (Mac), Web Platform, Mobile app or the mobile app and set your risk per trade.
Is ASX Markets a good broker? Our verdict
ASX Markets suits active traders who want raw spreads, freedom to scalp or trade the news. The main trade-off is regulation: an offshore licence gives less protection than a tier-1 regulator. Start small, test a withdrawal, and only trade money you can afford to lose.