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.
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.
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:
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.
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:
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.
Tasman FX offers several account types tailored to different trading needs:
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.
Tasman FX supports various deposit methods, ensuring flexibility for clients. Available deposit options include:
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.
Tasman FX offers multiple support channels, including:
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.
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.
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
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
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