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ASX Markets Review 2022

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All information regarding Businesses for sale is provided by the sellers of the business and is NOT verified in any way by Broker. The broker makes no representation or warranty, express or implied, about the accuracy or completeness of any information provided to you under this Agreement. You must perform your own due diligence and verify all information regarding the business to your satisfaction before purchasing. You understand and agree that Broker is not responsible for the accuracy of any of the information contained in this sales packet and that by receiving this information you agree to indemnify and hold Broker harmless from any claims or damages which may occur by reason of the inaccuracy or incompleteness of any information provided to you. Also, you understand that the Broker has advised you to seek professional tax and legal advice before purchasing any business he represents, as the Broker cannot and does not give legal or tax advice.

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“ASX Markets is the trading name of Asia Exchange Markets Ltd, an International Business Company in St. Vincent and the Grenadines. The broker offers clients access to over 190+ markets across Forex, CFDs for Indices, Commodities, Shares, and Cryptocurrencies through the MetaTrader 4 trading platform and the broker’s own web-based platform.”

ASX Markets was founded in St. Vincent & Grenadines and came to Vietnam in 2011. It is the trading name of Asia Exchange Markets Ltd an International Business Company in St. Vincent and the Grenadines and as such is not regulated. The broker offers clients access to over 190+ markets across Forex, CFDs for Indices, Commodities, Shares, and Cryptocurrencies through the MetaTrader 4 trading platform and the broker’s own web-based platform.

The broker offers four account types called ASX Zero, ASX Classic, ASX VIP, ASX RAW as well as a demo trading account. The main difference between the accounts are the spreads and commissions with only the ASX RAW account charging a commission but it does also have the tightest spreads. The ASX Zero, ASX Classic, ASX VIP are commission-free and all accounts offer leverage up to 1:400.

Clients can also access a large number of research and educational videos through the broker’s YouTube channel. Content includes daily markets analysis, tutorials, trading tips and strategies. There are also attractive bonuses and promotions including a 100% first deposit bonus and 50% re-deposit bonus.

Pros: Cons:
  • 190+ financial instruments
  • Can trade on MetaTrader 4
  • Research and education on YouTube channel
  • Unregulated and based offshore.
  • No negative balance protection.

 

About the Author

Jitan Solanki
Author
Jitan is a currency trader and an accredited Market Technician with more than 15 years of experience working with fund managers and on several proprietary trading floors. He is regularly quoted in the financial media for his currency market insights and forecasts and is based in London.
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ASX Markets Main Features
☑️
Regulations
SVGFSA (Saint Vincent and the Grenadines)
️🗺
Supported Languages
English, Vietnamese
💰
Products
Crypto, Currencies, Commodities, CFDs, Indices, Stocks, Futures
️💵
Min Deposit
$10
💹
Max Leverage
1:400 (SVGFSA)
🖥
Trading Desk Type
Bank
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All information regarding Businesses for sale is provided by the sellers of the business and is NOT verified in any way by Broker. The broker makes no representation or warranty, express or implied, about the accuracy or completeness of any information provided to you under this Agreement. You must perform your own due diligence and verify all information regarding the business to your satisfaction before purchasing. You understand and agree that Broker is not responsible for the accuracy of any of the information contained in this sales packet and that by receiving this information you agree to indemnify and hold Broker harmless from any claims or damages which may occur by reason of the inaccuracy or incompleteness of any information provided to you. Also, you understand that the Broker has advised you to seek professional tax and legal advice before purchasing any business he represents, as the Broker cannot and does not give legal or tax advice.

ASX Markets Full Review

ASX Markets Video Review

Investor Protection & Regulations

“ASX Markets is the trading name of Asia Exchange Markets Ltd an International Business Company in St. Vincent and the Grenadines and as such is unregulated.”

ASX Markets is the trading name of Asia Exchange Markets Ltd an International Business Company in St. Vincent and the Grenadines and as such is unregulated. There is also no mention of client funds being held in segregated accounts and the broker does not offer negative balance protection.

Tradable Products

“ASX Markets offers clients the ability to trade on more than 190+ markets covering Forex, CFDs for Indices, Commodities, Shares, and Cryptocurrencies.”

ASX Markets offers clients the ability to trade on more than 190+ markets covering Forex, CFDs for Indices, Commodities, Shares, and Cryptocurrencies. Below is a list of just some of the available markets for trading:

Forex Indices Shares
EURUSD UK100 Google
GBPUSD US500 Facebook
USDJPY NAS100 Tesla
EURJPY DAX30 Netflix
GBPAUD Commodities Cryptocurrency
NZDJPY Cocoa Bitcoin
AUDUSD Cotton Ethereum
EURGBP Brent Crude Litecoin
EURTRY Gold Ripple

* Details regarding the available assets are taken from the ASX Markets website and trading platform and are correct at the time of this review. You can find a more detailed list here.

Trading costs such as spreads and overnight funding (swap) rates vary depending on the account type opened and instrument being traded and are covered further down this review.

Account Opening

“ASX Markets offers clients several account types called ASX Zero, ASX Classic, ASX VIP, ASX RAW as well as access to a demo trading account.”

ASX Markets offers clients several account types called ASX Zero, ASX Classic, ASX VIP, ASX RAW as well as access to a demo trading account. The table below shows a breakdown for each account and its features:

ASX Zero ASX Classic ASX VIP ASX RAW
Description Ideal for casual traders who are new to trading. Spreads are fixed. For traders who prefer varying spreads across markets. For select clients with even lower spreads. Commission based account but with the tightest spreads available.
Leverage Up to 1:400 Up to 1:400 Up to 1:400 Up to 1:400
Average Spreads 1.8 1.1 0.6 0.0

The minimum deposit to open an account is $10.

Users can open a new account in just a few steps. After clicking the ‘Open An Account’ button on the broker’s homepage, users are asked to register with the account type they would like to open, name, email and phone number. Following this, further personal details such as country and residential address will need to be added.

Users will then be emailed account login details which can be used to login into the client portal area on the broker’s website. To deposit funds clients will need to submit proof of identity (passport or driving licence) and proof of residence (utility bill or bank statement – not more than 3 months old).

The client portal area is shown below:

The broker states that they have no country restrictions on its users.

Deposit & Withdrawals Options

“Clients can deposit and withdraw funds via debit card/credit card and e-wallets such as Neteller, Skrill and Webmoney.”

Clients can deposit and withdraw funds via debit card/credit card and e-wallets such as Neteller, Skrill and Webmoney. To deposit and withdraw funds users will need into the client portal area and click on either ‘Deposit’ or ‘Withdraw’. Deposits and withdrawals are processed daily according to the broker’s Terms of Business, but no details are provided on additional timelines.

In the broker’s Terms of Business, they state that they will pass on any deposit costs they incur to you. This could be in the form of a percentage commission charged by the debit/credit card company, but no specific amounts are detailed.

Web & Desktop Trading Platforms

“ASX Markets offers clients the ability to trade on MetaTrader 4 and the broker’s own web-based trading platform.”

ASX Markets offers clients the ability to trade on popular platforms such as MetaTrader 4 and the brokers own web-based trading platform. Some of the features for each platform are shown below:

ASX Markets Web Platform

  • No download needed
  • Multiple asset classes
  • Technical charts and a variety of indicators
  • Can use on PC or Mac

ASX Markets MetaTrader 4

  • Fully customisable
  • Advanced charting capability
  • Automated Trading
  • Interactive Charts

A screenshot of the ASX Markets MetaTrader 4 platform is shown below and is covered in more detail in the video review:

Mobile Trading Platforms

“ASX Markets offers users the ability to access mobile trading on the go from the MetaTrader 4 trading app for Android and iOS systems.”

ASX Markets offers users the ability to access mobile trading on the go from the MetaTrader 4 mobile trading app for both Android and iOS systems. The app download links can be found in the Google PlayStore or Apple AppStore.

The ASX Markets MetaTrader 4 mobile trading app provides a range of different features including:

  • Trade and manage your account on the go
  • Access real-time pricing and trading
  • Analysis tools
  • Chart analysis with indicators

The ASX Markets MetaTrader 4 mobile trading app is covered in more detail in the video review.

Trading Features

“ASX Markets does not provide any additional features from what is already available in the trading platforms offered. However, users can still access the MetaTrader Market place from the desktop platform.”

ASX Markets does not provide any additional features from what is already available in the trading platforms offered. However, users can still access the MetaTrader Market place from the desktop platform which provides users with the ability to download technical indicators and automated strategies.

Commissions & Spreads

“ASX Markets offers a range of commission-free and commission-based account types but minimum spreads vary with each account.”

ASX Markets offers a range of commission-free and commission-based account types but minimum spreads vary with each account. The below table summarizes the commissions and spreads for each account type:

ASX Zero ASX Classic ASX VIP ASX RAW
Commission No No No

$10 for FX

$15 for Metals

Per round-lot

Average Spreads 1.8 1.1 0.6 0.0

Typically, the ASX RAW will be applicable to those who trade high volume and will benefit from the tightest spreads with a flat-rate commission on each trade.

Overnight funding or ‘swap’ fees are charged on positions that remain open overnight (22:00) GMT. If positions are being held over the weekend a three-day swap charge will be charged on Wednesdays.

There is also no mention of inactivity fees in the broker’s Terms and Conditions document.

Bonus & Promotions

“Due to no regulatory restrictions, ASX Markets does offer bonus and promotion offers, such as the 100% First Deposit Bonus and the 50% Re-Deposit Bonus.’’

At the time of writing ASX Markets does offer two types of bonuses.

A 100% is first deposit bonus applicable to clients who initially deposit a minimum of $2000. The additional funds will be credited to the user’s account equivalent to 100% of the deposit value (up to a maximum of $5,000). The additional funds can be lost but not withdrawn.

Similarly, the 50% re-deposit bonus is applicable to clients who deposit a minimum of $200. An additional 50% of the deposit amount will be credited to the account (up to a maximum of $10,000). This bonus is also losable but not withdrawable.

Customer Support

“ASX Markets offers customer support in English and Vietnamese 24/5 via email and phone. Currently ASX Markets live chat is not active.”

ASX Markets offers customer support in English and Vietnamese 24/5 via email, phone, and live chat. There is also a brief FAQ section under the “Legal Documents” section of the website.

Currently ASX Markets live chat is not active.

Contact Information

Address: First Floor, First St Vincent Bank Ltd Building PO BOX: 1574 James Street Kingstown VC0100 St Vincent and The Grenadines

Email: support@asxmarkets.com

Phone: +84 1900299990

Social Media:

Research

“ASX Markets offers a range of news and market analysis videos through its YouTube channel.”

ASX Markets offers a range of news and market analysis videos through its YouTube channel. All videos are in Vietnamese and cover topics such as stock market analysis, cryptocurrencies, and economic release events such as US non-farm payrolls.

Trader Education

“The ASX Markets YouTube channel covers a great range of educational material including technical and fundamental analysis, account setups and trading strategies.”

The ASX Markets YouTube channel also covers a great range of material including technical and fundamental analysis, how to set up trading systems for new traders and how to use leverage and manage capital in the US stock market.

In the client portal area, there are also three types of calculators including a currency convertor and profit and margin calculator. Further, clients can access an economic calendar to keep up with current and future economic events.

Trading Experience

“ASX Markets provides a simple offering through commission-free and commission-based trading on 190+ financial instruments on the globally recognized MetaTrader 4 trading platform and the brokers own web-based platform.”

From our observations, ASX Markets offers a simple service allowing clients to trade commission free or commission based across Forex, CFDs for Indices, Commodities, Shares, and Cryptocurrencies.

Clients can trade from the globally recognised MetaTrader 4 platform for Windows PC and the brokers own Web-based platform. There are also great promotions available including a 100% first deposit bonus and 50% re-deposit bonus.

There are almost daily videos on the ASX YouTube channel which covers both educational and research related material suitable for beginner and advanced traders.

FAQ

Where is ASX Markets based?

First Floor, First St Vincent Bank Ltd Building PO BOX: 1574 James Street Kingstown VC0100 St Vincent and The Grenadines.

How does ASX Markets make money?

ASX Markets makes money mainly through spreads and swaps on certain asset classes.

How do I deposit in ASX Markets account?

Funds can be deposited via debit/credit card, bank transfer and e-wallets such as Neteller, Skrill and Webmoney.

What is the min. deposit for ASX Markets?

The minimum deposit is $10 to open an account.

How do I withdraw money from ASX Markets?

Withdrawals can be made from the client portal via credit/debit cards, bank transfer and e-wallets such as Neteller, Skrill and Webmoney.

What is the max leverage in ASX Markets?

The max leverage available is 1:400.

How do I open an account with ASX Markets?

An account can be opened at the click of a button on the ASX Markets website and can be done in just a few steps.

Does ASX Markets use MetaTrader?

Yes, MetaTrader 4.

Conclusion

“ASX Markets is the trading name of Asia Exchange Markets Ltd, an International Business Company in St. Vincent and the Grenadines. The broker offers clients access to over 190+ markets across Forex, CFDs for Indices, Commodities, Shares, and Cryptocurrencies through the MetaTrader 4 trading platform and the broker’s own web-based platform.”

ASX Markets was founded in Vietnam. It is the trading name of Asia Exchange Markets Ltd an International Business Company in St. Vincent and the Grenadines and as such is not regulated. The broker offers clients access to over 190+ markets across Forex, CFDs for Indices, Commodities, Shares, and Cryptocurrencies through the MetaTrader 4 trading platform and the broker’s own web-based platform.

The broker offers four account types called ASX Zero, ASX Classic, ASX VIP, ASX RAW as well as a demo trading account. The main difference between the accounts are the spreads and commissions with only the ASX RAW account charging a commission but it does also have the tightest spreads. The ASX Zero, ASX Classic, ASX VIP are commission-free and all accounts offer leverage up to 1:400.

Clients can also access a large number of research and educational videos through the broker’s YouTube channel. Content includes daily markets analysis, tutorials, trading tips and strategies. There are also attractive bonuses and promotions including a 100% first deposit bonus and 50% re-deposit bonus.

  • Active YouTube channel with educational and research-related videos
  • Options of commission-free and commission-based accounts.

 

broker

All information regarding Businesses for sale is provided by the sellers of the business and is NOT verified in any way by Broker. The broker makes no representation or warranty, express or implied, about the accuracy or completeness of any information provided to you under this Agreement. You must perform your own due diligence and verify all information regarding the business to your satisfaction before purchasing. You understand and agree that Broker is not responsible for the accuracy of any of the information contained in this sales packet and that by receiving this information you agree to indemnify and hold Broker harmless from any claims or damages which may occur by reason of the inaccuracy or incompleteness of any information provided to you. Also, you understand that the Broker has advised you to seek professional tax and legal advice before purchasing any business he represents, as the Broker cannot and does not give legal or tax advice.

See ASX Markets Full Information
Broker General Information
Trading Features
Other Details
Headquarters Country
Saint Vincent and the Grenadines
Foundation Year
2010
Regulations
SVGFSA (Saint Vincent and the Grenadines)
Publicly Traded
Yes
Number Of Employees
200+
Trading Desk Type
Bank
Trading platforms
MT4
Supported Languages
English, Vietnamese
Min Deposit
$10
Max Leverage
1:400 (SVGFSA)
Deposit Options
Credit Card, Ngan Luong
Withdrawal Options
Credit Card
Cryptocurrencies
Bitcoin, Litecoin, Ripple, Ethereum
Fixed Spreads
Yes
Commission On Trades
Yes
Products
Crypto, Currencies, Commodities, CFDs, Indices, Stocks, Futures
Mini Account
Yes
Premium Account
Yes
Demo Account
Yes
Islamic Account
No
Segregated Account
No
Managed Account
No
Institutional Account
No
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