BrokAIr Reviews

Openmarkets Australia Limited Review

"Openmarkets Australia Limited is one of the most expensive online brokerages, with fees that are higher than many of its competitors. But does it offer enough features to justify its cost?"

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Overview of Openmarkets Australia Limited

Openmarkets Australia Limited is a leading online broker specializing in stocks and derivatives. It was founded in 2007 by former financial services executive and entrepreneur, Craig Parsons, who has since served as the company's CEO. Since its inception, the company has been providing customers with an easy-to-use online platform that allows them to trade stocks and securities in the Australian and global markets.

Pros

Openmarkets Australia Limited offers a number of advantages for traders, including:

Cons

Despite the many benefits of trading with Openmarkets Australia Limited, there are some drawbacks to consider, including:

Public Opinion

Openmarkets Australia Limited has generally received positive reviews from users, who appreciate its user-friendly platform and wide range of investment options. However, some customers have complained about inadequate customer service and higher fees for certain services. The company has also faced criticism from the Australian Securities and Investments Commission (ASIC) https://www.asic.gov.au/, which found that it had failed to meet certain regulatory requirements.

Newsworthy Events

Openmarkets Australia Limited has been involved in several newsworthy events in recent years, including: