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BOQ Forex broker specializes in providing foreign exchange trading services, the company's official website https://www.boq.com.au/, the company's legitimate regulatory information AustraliaASICMarket Maker (MM), to enhance the security of the company's address FIONA LAWRENCE, 'Boq Village' Level 6, 100 Skyring Terrace NEWSTEAD QLD 4006.

BOQ Forex Broker

Basic information

Registered region
Australia
Operating period
--
Company Name
Bank of Queensland Limited
Abbreviation
BOQ
Company employee
--
Contact number
+611300557272
Company website
Company address
FIONA LAWRENCE, 'Boq Village' Level 6, 100 Skyring Terrace NEWSTEAD QLD 4006
Keywords
Above 20 years
Regulated in Australia
Market Maker (MM)
Medium potential risk

Company profile

Bank of Queensland Limited (BOQ) Basic Information Company Name Bank of Queensland Limited (BOQ) Founded 1874 Headquarters Australia Regulations Regulated Financial Services Loans, Credit cards, International and Domestic Trade Finance services, and more Account Types Personal and Business account Payment Methods Online International Payments, In-Branch International Payments, Receiving International Payments Trading Tools Calculators Customer Support Email (customerassistanceteam@boq.com.au)Phone (1300 55 72 72) Overview of Bank of Queensland Limited (BOQ) BOQ, previously named Bank of Queensland Limited, has a rich history dating back to its inception in 1874. Based in Australia, BOQ functions as a regulated financial entity. It provides a wide spectrum of financial solutions, encompassing loans, credit cards, as well as International and Domestic Trade Finance services. Serving the needs of both individuals and businesses, BOQ offers a varied selection of account types customized to meet the unique requirements of its clientele. Is Bank of Queensland Limited (BOQ) Legit? Bank of Queensland Limited (BOQ) is regulated, operating within a regulated framework overseen by the Australian Securities and Investments Commission (ASIC). Holding a full license issued by ASIC under regulatory number 244616, BOQ adheres to stringent regulatory standards. Regulation by ASIC ensures that BOQ conducts its operations in compliance with established laws and regulations, offering investors essential protections. Regulatory oversight helps mitigate the risk of fraudulent activities, fostering a safer trading environment. However, it's important for traders to recognize that while regulation provides oversight and accountability, it doesn't eliminate all risks associated with online trading. Therefore, maintaining vigilance and exercising caution remain imperative for traders engaging in financial markets. Pros and Cons Bank of Queensland Limited (BOQ) presents a compelling proposition for customers with its diverse range of account types, catering to different financial needs and preferences. However, one drawback is the limited payment methods available, which may inconvenience some users. Nevertheless, BOQ operates under the regulatory oversight of the Australian Securities and Investments Commission (ASIC), ensuring adherence to stringent standards and providing a sense of security for customers. On the downside, there is a lack of clarity regarding spreads and commissions, potentially causing uncertainty for traders. Despite this, BOQ offers various customer support channels, enhancing accessibility and responsiveness for resolving inquiries and issues efficiently. Pros Cons Offers multiple account types Limited payment methods Operates with regulatory oversight Unclear information on spreads and commissions Offers various customer support channels Financial Services Bank of Queensland Limited (BOQ) provides a diverse range of financial services tailored for both individuals and businesses. For individuals, BOQ offers banking and saving solutions, home loans, credit cards, personal loans, car loans, and various insurance options including Home and Contents Insurance, Landlord Insurance, and car insurance. For businesses, BOQ provides business loans, bank accounts, Foreign Exchange Risk Management solutions, Currency Accounts and Deposits, as well as International and Domestic Trade Finance services. Additionally, BOQ SmartFX offers trading in 12 currencies including AUD, USD, CAD, EUR, CHF, JPY, NZD, GBP, HKD, SGD, THB, and ZAR. Account Types BOQ offers a range of account types to meet the diverse personal and business banking needs of its customers. Personal Accounts: Everyday Account: Designed for everyday use, this account enables customers to make payments and transactions in real-time. It provides easy management of finances and allows users to set spending budgets for specific categories such as groceries and bills. Savings Accounts: BOQ offers various savings accounts tailored to different age groups and financial goals: Future Saver Account: Geared towards individuals aged 14 to 35, this high-interest savings account encourages young savers to build their savings for the future. Smart Saver Account: Specifically designed for customers aged 36 years and older, this account offers competitive interest rates to help grow savings effectively. Kids Savings Account: Introduces children under 14 to the concept of saving and money management, fostering financial literacy from a young age. Term Deposit Account: BOQ's Term Deposit account is ideal for customers looking to earn higher interest rates on their savings over a fixed term. It rewards customers with attractive interest rates on balances over $5,000, providing a secure avenue for growing savings. Business Accounts: Everyday Business Account: Offers free branch, ATM, and cheque deposits. Provides free Direct Debits and Direct Credits. Enables easy account access through ATM/EFTPOS, Internet, and Mobile Banking. Business WebSavings Account: No monthly account maintenance fee. Interest is calculated daily and paid monthly. Offers unlimited free online BPAY payments. Minimum opening deposit: $1. Superannuation Savings Account: No monthly account maintenance fee. Interest is calculated daily and paid monthly. Provides unlimited free online BPAY payments. Minimum opening deposit: $1. Term Deposit: No account keeping or transaction fees. Offers competitive term deposit interest rates. Customers can choose how and when to receive interest payments. Minimum opening deposit: $1,000. Business Performance Saver: Enables business customers to earn an ongoing, competitive interest rate on their savings. Rewards customers for using their linked Everyday Business Account. In addition to these accounts, BOQ offers foreign currency accounts for business customers dealing regularly in foreign currencies. These accounts assist in managing cash flows and reducing costs associated with intermediary bank fees and unnecessary conversions. Deposit & Withdraw Methods BOQ offers multiple payment methods to facilitate both domestic and international transactions: Online International Payments: Customers can conveniently initiate international transfers through BOQ's internet banking platform. In-Branch International Payments: For those preferring face-to-face interactions or needing assistance with international payments, BOQ branches provide the option to process international transactions with the help of bank staff. Receiving International Payments: When receiving funds from an overseas bank account into a BOQ account, customers need to provide the SWIFT or BIC code to the sender. BOQ's unique SWIFT/BIC code is QBANAU4B. Trading Tools BOQ offers a suite of trading tools to cater to diverse financial needs. These include Home Loan Tools and Calculators, Personal Loan Calculators, Savings and Investment Calculators, and Travel Money Rates and Calculator. Customer Support BOQ offers comprehensive and accessible customer support through various channels: General Enquiries: Phone: 1300 55 72 72 Hours: 8am – 8pm Monday – Friday AEDT; 9am – 5pm Saturday AEDT Calling Internationally: Phone: +61 7 3336 2420 myBOQ Mobile App Support: Phone: 1300 737 766 Hours: 8am – 8pm Monday – Friday AEDT; 9am – 5pm Saturday AEDT (excluding public holidays) BOQ Finance Enquiries: Phone: 1800 245 614 Hours: Monday - Friday 8am - 5pm AEST excluding National Public Holidays BOQ Specialist Enquiries: Phone: 1300 160 160 Hours: Monday - Friday 8am - 8pm & Saturday 9am - 5pm AEDT excluding Public Holidays Financial Difficulty Assistance and Natural Disaster Support: Phone: 1800 079 866 Email: customerassistanceteam@boq.com.au Hours: 8.30am - 5pm, Monday to Friday (AEDT) Feedback and Complaints: Phone: 1300 55 72 72 Conclusion In conclusion, Bank of Queensland Limited (BOQ) offers a compelling array of account types, accommodating diverse financial needs and preferences. The limited payment methods, however, may pose inconvenience to some users. Yet, BOQ operates under the regulatory oversight of the Australian Securities and Investments Commission (ASIC), ensuring adherence to rigorous standards and fostering customer trust. Nevertheless, the lack of clarity surrounding spreads and commissions may introduce uncertainty for traders. Despite these challenges, BOQ provides multiple customer support channels, enhancing accessibility and responsiveness in addressing inquiries and concerns promptly. Traders should approach BOQ with caution, conducting thorough research to mitigate potential risks and ensure a secure trading experience. FAQs Q: Is Bank of Queensland Limited (BOQ) regulated? A: Yes, Bank of Queensland Limited (BOQ) operates within a regulated framework overseen by the Australian Securities and Investments Commission (ASIC). Holding a full license issued by ASIC under regulatory number 244616, BOQ adheres to stringent regulatory standards. Q: What financial services are available at Bank of Queensland Limited (BOQ)? A: Bank of Queensland Limited (BOQ) offers a diverse range of financial services for individuals and businesses, including banking and saving solutions, home loans, credit cards, personal loans, car loans, insurance options, business loans, bank accounts, Foreign Exchange Risk Management solutions, Currency Accounts and Deposits, International and Domestic Trade Finance services, and trading in 12 currencies through BOQ SmartFX. Q: What account types does Bank of Queensland Limited (BOQ) offer? A: Bank of Queensland Limited (BOQ) provides various personal and business account types to meet different banking needs. Q: How can I contact Bank of Queensland Limited (BOQ)'s customer support? A: You can reach Bank of Queensland Limited (BOQ)'s customer support primarily through phone at 1300 55 72 72 during the hours of 8am – 8pm Monday – Friday AEDT and 9am – 5pm Saturday AEDT. For international inquiries, you can call +61 7 3336 2420.

Rating Index

How to log in to BOQ ?

  

boq Complete Account Guide: Registration, Account Opening, and Login Processes

  

Part One: Account Registration Process

  

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Latest Reviews

David Wilson

David Wilson

United Kingdom

Queensland Bank,a big bank, great service.👍👍👍 They are first-class.

Positive

2024-05-22

gerry400

gerry400

Jersey

i have made a withdawal of 112,775 USD and its under review. i follow up thru customer service and they advice me that the amount that i have withdrawn cannOT be release due to ID Account Abnormality and needS to recharge to the last amount 3,035 USDT which is being deposited thru OKX via merchants. they explained to me the problem so i was encourage to pay the recharge fee. after a while customer service sent me a message that the are ready to release including the too up payment. however since i agree to release the money i need to pay from my own pocket the amount if 5,017USD as a handling fee and after receiving the payment they will release the money within 10 to 30 minutes. i didnt pay because i realizes ive been scammed already. the last picture on the bottom is their BOQ forex platform and the second one is the log in. this is different from legit BOQ platform which is yellow in color as shown on the last photo

Exposure

2023-12-03

jun26

jun26

Zimbabwe

Fake platform. If you encounter a BOQ that requires you to deposit money, be careful. You can only deposit money but not withdraw money. They will find various reasons to prevent you from withdrawing money and ask you to continue to pay a margin.

Exposure

2023-09-11

BOQ Forex Broker has an overall rating of 8.23, Regulatory Index 8.11, License Index 8.12, Business Index 9.19, Software Index 7.30 Risk Control Index 8.90.