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Tasman FX Forex broker specializes in providing foreign exchange trading services, the company's official website http://www.tasmanfx...., the company's legitimate regulatory information AustraliaASICMarket Maker (MM) to enhance the security of the company's address 3b/23 Dundonald Street Eden Terrance, Auckland 1021, New Zealand

Tasman FX Forex Broker

Basic Information

Registered Region
Australia
Operating Period
--
Company Name
Tasman Foreign Exchange Pty Ltd
Abbreviation
Tasman FX
Company employee
--
Contact Number
+610280111846
Company Website
Company address
3b/23 Dundonald Street Eden Terrance, Auckland 1021, New Zealand
Keywords
15-20 years
Regulated in Australia
Market Maker (MM)
Suspicious Scope of Business
Medium potential risk

Company profile

Tasman FX Review SummaryFounded2009-03-05Registered Country/RegionAustraliaRegulationRegulatedServiesFX Products, Inward Remittance, Risk Management, Market Orders, and Global PaymentsCustomer SupportSydney: (02) 8011 1846Melbourne: (03) 9111 0310Brisbane: (07) 3733 1913Perth: (08) 9468 2705Adelaide: (08) 7111 0807(02) 9098 8217Facebook, LinkedIn, Instagram, TwitterThe Commons, Level 1, 285a Crown St, Surry Hills, NSW 2010, AustraliaTasman FX Information Founded in 2009, Tasman FX is a leading licensed foreign exchange and global payment service provider in Australia and New Zealand. Tasman FX offers cross-border fund solutions for individuals and businesses, supporting secure payments in over 150 currencies across more than 50 countries and regions worldwide.Pros and ConsPros Cons RegulatedLimited service scope (focused on the Australian and New Zealand markets)Multiple servicesSingle product typeGlobal payments in 150+ currenciesLack of leverage servicesIs Tasman FX Legit? Yes. Tasman FX holds an Australian Financial Services License (AFSL) and is legally registered and regulated in New Zealand. Its ASIC license number is 000337970.What Services Does Tasman FX Provide? Tasman FX provides foreign exchange products such as spot foreign exchange trading and Forward Exchange Contracts (FEC). Investors can choose various methods for fund transfers, including telegraphic transfer, ACH, and SEPA, covering more than 50 currencies.Account Type Tasman FX offers individual accounts and corporate accounts, with free account opening. It supports services such as cross-border remittances, foreign exchange conversion, and customized risk management solutions.

Rating Index

How to login to Tasman FX?
Tasman FX Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a Tasman FX Account Opening a Tasman FX account is the first step to accessing their trading platform. Below are the detailed steps to complete the registration

  

Tasman FX Broker - Complete Information Guide

  

1. Broker Overview

  Tasman FX, officially known as Tasman Foreign Exchange Pty Ltd, was established in 2009. The company is headquartered in Surry Hills, New South Wales, Australia, with additional offices located in Auckland, New Zealand. As a privately held entity, Tasman FX primarily serves the retail forex market and offers global money transfer services, catering to individual clients and businesses alike.

  Since its inception, Tasman FX has focused on providing streamlined and cost-effective foreign exchange solutions. Over the years, the company has made significant strides in optimizing its technical processes and enhancing customer service, which has contributed to its growing reputation in the financial industry. The firm operates under the oversight of the Australian Securities and Investments Commission (ASIC), ensuring compliance with regulatory standards and maintaining a commitment to investor protection.

  Tasman FX has developed a business model that emphasizes retail forex trading and global payment services, allowing clients to conduct transactions in over 150 currencies. The broker's mission is to provide competitive exchange rates and exceptional service, making it a preferred choice for many traders in Australia and New Zealand.

  

2. Regulatory and Compliance Information

  Tasman FX is regulated by the Australian Securities and Investments Commission (ASIC), which is responsible for overseeing financial services and enforcing compliance with Australian laws. The regulatory license number for Tasman FX is 337970. This license is crucial as it signifies that the broker adheres to strict regulatory requirements aimed at protecting investors.

  In addition to ASIC, Tasman FX is also compliant with regulations in New Zealand, governed by the Department of Internal Affairs (DIA). The company ensures that client funds are kept in segregated accounts, providing an added layer of security. This means that in the event of financial difficulties, clients' funds remain protected and are not used for the broker's operational needs.

  Tasman FX implements comprehensive Know Your Customer (KYC) and Anti-Money Laundering (AML) policies to prevent fraud and ensure the integrity of its operations. These measures are essential for maintaining compliance with international financial regulations and safeguarding client interests.

  

3. Trading Products and Services

  Tasman FX offers a diverse array of trading products, primarily focusing on the forex market. Clients can trade various currency pairs, including major, minor, and exotic pairs. The broker provides access to a wide range of CFD products, including:

  • Indices: Offering exposure to stock market performance.
  • Commodities: Including precious metals like gold and silver, as well as energy products.
  • Cryptocurrencies: Allowing clients to trade popular digital currencies such as Bitcoin and Ethereum.

  The broker continuously updates its product offerings to meet the evolving needs of its clients. Tasman FX is known for its retail trading services, but it also provides institutional services, including liquidity solutions and market-making capabilities.

  Tasman FX does not currently offer white-label solutions or asset management services, focusing instead on its core offerings to retail and institutional clients.

  

4. Trading Platforms and Technology

  Tasman FX does not support popular trading platforms like MetaTrader 4 or MetaTrader 5. Instead, it offers a proprietary web-based trading platform designed to be user-friendly and accessible for traders of all experience levels. The platform features:

  • A variety of charting tools and technical indicators.
  • Real-time market data and news updates.
  • One-click trading functionality for efficient order execution.
  • Risk management tools to help protect investments.

  Additionally, Tasman FX provides a mobile trading application compatible with both iOS and Android devices, allowing traders to manage their accounts and execute trades on the go. The broker employs a market-making execution model, which helps facilitate efficient trade execution.

  The server infrastructure is based in New Zealand, ensuring reliable connectivity and performance for traders. API access for automated trading is not explicitly mentioned, indicating that traders may need to utilize the available platforms for manual trading.

  

5. Account Types and Trading Conditions

  Tasman FX offers several account types tailored to different trading needs:

  • Standard Account: Requires a minimum deposit of $200, with spreads starting at 0.0 pips and leverage up to 1:500.
  • Professional Account: Designed for experienced traders, requiring a minimum deposit of $5,000, with similar spreads and higher leverage of up to 1:1000.
  • Islamic Account: Available for traders who adhere to Islamic finance principles, with a minimum deposit of $200 and leverage up to 1:500.

  Tasman FX provides a demo account option, allowing potential clients to practice trading without financial risk. The broker's leverage options vary by product, with forex trading offering the highest leverage, while commodities and indices have lower limits.

  The broker's overnight fees, also known as swap rates, are applied to positions held overnight, depending on the underlying currency interest rates.

  

6. Fund Management

  Tasman FX supports various deposit methods, ensuring flexibility for clients. Available deposit options include:

  • Bank Transfers
  • Credit/Debit Cards
  • E-Wallets

  The minimum deposit requirement varies by account type, with the standard account starting at $200. Deposits are typically processed within 24 hours, with no fees for most methods. However, a $25 fee applies to wire transfers from outside the United States.

  Withdrawal options are similarly flexible, allowing clients to access their funds efficiently. Withdrawal processing times range from 3-5 business days, with fees mirroring those of deposits. Clients can expect no fees for most withdrawal methods, with the same $25 fee applicable for wire transfers.

  

7. Customer Support and Educational Resources

  Tasman FX offers multiple support channels, including:

  • Phone Support: Available during trading hours.
  • Email Support: For inquiries and assistance.
  • Online Chat: Providing real-time support.

  The broker operates during typical trading hours, with coverage that includes major time zones. Tasman FX provides multi-language support, catering to a diverse clientele.

  In terms of educational resources, Tasman FX offers various materials to help traders improve their skills, including webinars, tutorials, and market analysis. Regular updates and research reports keep clients informed of market trends and developments.

  

8. Regional Coverage and Restrictions

  Tasman FX primarily serves clients in Australia and New Zealand, with operations supported by local offices. The broker's services are available to a broader international audience, although certain regions may face restrictions due to local regulations.

  The broker does not accept clients from countries with stringent regulatory environments that conflict with its operational model. Specific countries or regions where services may be restricted are not detailed in the available information.

  In conclusion, Tasman FX broker stands out as a regulated entity providing a range of forex and CFD trading services. With its commitment to compliance, competitive pricing, and user-friendly platforms, it serves as a viable option for traders in Australia and New Zealand. However, potential clients are encouraged to conduct thorough research and consider their trading objectives before engaging with the broker.

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Latest Reviews

小芯

小芯

Taiwan

The platform allows you to open an account and invest directly for free. It is very suitable for novices. More importantly, the handling fee is low and the withdrawal speed is fast. The service attitude is very good.

Positive

2023-11-26

FX3660481217

FX3660481217

Hong Kong

I entered this platform with trepidation. After using it for a while I found it to be a very good platform. I earned extra income here and will continue to use them.

Positive

2023-03-31

FX1349771962

FX1349771962

New Zealand

I found the process of registering for a free account with Tasman FX to be very time-consuming and tedious. Furthermore, the customer service response time was extremely slow, making it difficult to get answers to important questions. Overall, I had a poor experience with this company and would not consider using their services in the future.

37130

2023-03-22

Tasman FX Forex Broker has an overall rating of 8.16, Regulatory Index 8.11, License Index 8.11, Business Index 8.71, Software Index 7.30 Risk Control Index 8.90.