Focus Markets is a brokerage firm providing trading services in forex, commodities, stocks, and indices for investors. The official website is https://www.focusmarkets.com/, and it supports English as the primary language. According to the Whois query, the domain name was registered on March 17, 2016, and it has been in existence for over seven years.
Company Background:
Information on the official website states that the company is registered in Australia. The Australian Business Register (ABN Lookup) confirms the authenticity of the company's registration. Additionally, the Whois query shows that the domain was registered on March 17, 2016, indicating over seven years of operation.
Account Registration:
The official website offers registration links for both real and demo accounts. For a real account, users can click on "Greate Account" in the upper right corner or "Greate Account" on the left side, fill in required information such as country, name, email, password, phone, etc., to complete the registration. The demo account registration involves clicking on "Try free demo" on the left side, providing necessary information, and choosing "Trading Software" and "Demo Account Trading Currency" as per personal preferences.
Account Types:
Focus Markets provides two types of trading accounts: Standard Account and Raw Account. These accounts differ significantly in terms of spreads and commissions.
Trading Products:
The company offers trading services in forex, commodities, stocks, and indices. However, specific details regarding the covered trading products, as well as information on spreads, commissions, and margin ratios, are not provided on the website.
Margin Ratios:
The website only displays the maximum margin ratio in the account types and does not provide specific information on margin ratios for covered trading products.
Trading Time:
The website does not provide information on the trading hours for specific trading products.
Deposits and Withdrawals:
Focus Markets supports various deposit methods such as POLI, WireTransfer, and bank transfers in AUD, USD, GBP, EUR, NZD, CAD, and SGD. Withdrawals can be made through bank transfer. The website provides expected times and fees for deposits and withdrawals but does not specify supported withdrawal currencies.
Trading Software:
Focus Markets offers MetaTrader 4 (MT4) and MetaTrader 5 (MT5) as trading software. These platforms are available in desktop versions for Windows/MacOS, a web version, and mobile versions for IOS/Android. However, there may be issues with downloading the Android versions in certain countries or regions.
FAQs:
The official website includes frequently asked questions (FAQs) covering company information, trading accounts, deposits and withdrawals, trading software, and trading-related queries for the convenience of investors.
Regulatory Information:
Focus Markets is regulated or authorized by the Australian Securities and Investments Commission (ASIC). The ASIC website confirms the authenticity of the regulatory or authorization information.
Conclusion:
Focus Markets appears to be a legitimate brokerage firm. While specific details about covered trading products and related information are not provided on the official website, checks with the Australian Business Register (ABN Lookup) and the ASIC website confirm the authenticity of the company's registration and regulatory information. Based on this assessment, Focus Markets is considered a legitimate brokerage firm. TraderKnows advises you to be vigilant about the security of your assets and avoid falling into scam traps.
