SIRIUS
Pros and Cons
Pros
- Regulated by the Australian Securities and Investments Commission (ASIC)
- Diverse trading instruments including forex, commodities, indices, stocks, and cryptocurrencies
- Supports the widely-used MetaTrader 4 trading platform
- Offers demo accounts for practice trading without financial risk
- Customer support available 24/5 via multiple channels
Cons
- No 24/7 customer support
- Limited product offerings
- Withdrawal fees for amounts under $50
- Potentially high withdrawal processing times
- Regulatory oversight limited to Australia
Basic Information
User Reviews
SIRIUS Overview
SIRIUS PRECIOUS MARKETS PTY LTD, established within the last 2 to 5 years, is a forex broker based in Australia. The company operates under the regulatory oversight of the Australian Securities and Investments Commission (ASIC), which is known for its stringent enforcement of financial regulations. This regulatory status provides a level of trust and security for traders who choose to engage with SIRIUS, ensuring compliance with established standards in the financial industry. You can learn more about the broker on their official website at https://www.wikifx.com/en/dealer/7400459812.html.
SIRIUS offers a focused selection of trading instruments, primarily in the forex market, allowing traders to engage in currency pair transactions. The broker supports the widely-used MetaTrader 4 platform, known for its user-friendly interface and advanced trading functionalities, which include various charting tools and real-time data. Customer support is available 24/5 through multiple channels, including email and live chat, ensuring that users can receive assistance as needed. While SIRIUS provides essential trading features, the company distinguishes itself by maintaining a commitment to transparency and customer service, appealing to both new and experienced traders in the competitive forex landscape.
Is SIRIUS Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| Australian Securities and Investments Commission (ASIC) | Australia | Segregated Funds |
Is SIRIUS Regulated and How Are Client Funds Protected?
SIRIUS PRECIOUS MARKETS PTY LTD is regulated by the Australian Securities and Investments Commission (ASIC), a well-respected authority known for its rigorous oversight of financial services. This regulatory status enhances the broker’s credibility and assures traders of compliance with stringent financial standards. Client funds are protected through measures such as segregated accounts, which help ensure that client assets are kept separate from the broker’s operational funds. This approach minimizes the risk of misappropriation and enhances overall fund safety. Additionally, SIRIUS is committed to transparency and customer service, which further contributes to a secure trading environment for both novice and experienced traders.
Trading Products and Services
What trading instruments does SIRIUS offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | EUR/USD, GBP/JPY, Major & Minor Pairs | Varies |
| Commodities | Gold, Silver, Crude Oil | Varies |
| Indices | S&P 500, NASDAQ | Varies |
| Stocks | US (e.g. Apple, Tesla), UK (e.g. BP, Vodafone) | Varies |
| Cryptocurrencies | BTC, ETH | Varies |
SIRIUS provides a diverse range of trading instruments across multiple asset categories, including forex, commodities, indices, stocks, and cryptocurrencies. This variety enables traders to select from a broad spectrum of products, accommodating different trading styles and strategies. Whether you are a beginner looking to explore the forex markets or a professional seeking to diversify your portfolio with commodities and indices, SIRIUS offers options that cater to various trader needs. The inclusion of multiple asset categories not only enhances the potential for portfolio diversification but also allows for flexible trading strategies, making it an appealing choice for traders at all levels.
Account Types and Trading Conditions
What Account Types and Fees Does SIRIUS Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Retail Account | Beginners to Intermediate Traders | Access to various trading instruments, suitable for small-capital trading. | Designed for individual traders; low minimum deposit required. |
| Professional Account | Experienced Traders | Potential for higher leverage and customized services. | Eligibility may depend on trading experience and volume. |
| Demo Account | New Traders | Practice trading without financial risk using virtual funds. | Ideal for testing strategies and familiarizing with the platform. |
Account Opening Process
To open an account with SIRIUS, prospective clients will need to complete a few steps. Initially, they must submit personal information, including their name, email address, and phone number. Following this, employment and financial information will be required to assess the client’s suitability for specific account types. Identity verification is also necessary, which typically involves providing a government-issued ID and proof of address. After the verification process, clients can enjoy the flexibility of upgrading to a professional account at a later stage if they meet the eligibility criteria.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (Major Pairs) | Varies | $0 | Tight spreads for popular pairs like EUR/USD and GBP/JPY. |
| CFDs (Stocks, Indices, Commodities) | Varies | Varies | Competitively priced spreads based on market conditions. |
| Cryptocurrencies | Varies | Varies | Dynamic spreads influenced by market volatility. |
Other Fees
In addition to trading fees, SIRIUS may charge for deposit and withdrawal transactions, though specific fees are not detailed. Inactivity fees may apply if the account remains dormant for an extended period. There could also be platform usage fees, overnight interest (swap rates), and currency conversion fees, which may vary based on the services used and account activity.
Trading Platforms and Apps
What Trading Platforms and Apps Does SIRIUS Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MetaTrader 4 (MT4) | Windows, macOS, iOS, Android | Secure login (encryption), multiple order types, price alerts, technical indicators | Demo account available, algorithmic trading (EAs) |
| Web Version | Any device with internet access | Secure login (encryption), market search, one-click trading | Demo account available |
| Mobile App | iOS, Android | Secure login (biometrics), push notifications, fast order execution | Demo account available |
SIRIUS offers the MetaTrader 4 (MT4) platform, which is ideal for traders seeking advanced charting and analysis tools. The web version allows traders to access their accounts from any device with internet access, ensuring flexibility. The mobile app supports trading on the go with fast execution and real-time notifications, making it convenient for users to remain engaged with the markets. All platforms emphasize secure logins and provide a demo account for practice, appealing to both novice and experienced traders.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Bank Transfer | 1-3 business days | No platform fee | Min $100, Max $10,000/day | AUD, USD |
| Credit/Debit Card | Instant | No platform fee | Min $50, Max $5,000/day | AUD, USD |
| e-Wallets (e.g., PayPal) | Instant | No platform fee, 1.5% charge for withdrawals | Min $50, Max $10,000/day | AUD, USD |
Minimum Deposit
The minimum deposit requirement at SIRIUS is generally $50, which is consistent across most payment methods. However, certain account types may have different minimums, so it is advisable to check the specific details based on the chosen account type.
How to Withdraw
- Log into your SIRIUS account.
- Navigate to the ‘Withdrawal’ section in your account dashboard.
- Select your preferred withdrawal method from the available options.
- Enter the amount you wish to withdraw, ensuring it meets the minimum limit.
- Submit your withdrawal request.
- Check your email for confirmation of the request and follow any additional instructions if provided.
Customer Support
SIRIUS Customer Support Overview
Support Channels
SIRIUS offers multiple contact methods to assist customers with their inquiries and support needs. These include:
- Email: Clients can reach out to SIRIUS via email at info@sirius-fx.com for assistance.
- Live Chat: Available on the website, allowing for immediate communication with customer service representatives.
- Telephone: Customers can contact SIRIUS at +852 6533 5017 during support hours.
- Social Media: Support can also be accessed through platforms such as Telegram and WhatsApp.
Service Availability
SIRIUS provides customer support 24/5, ensuring that assistance is available during weekdays. While the support team is dedicated to helping customers, it is important to note that support is not available 24/7. The service aims to cater to a diverse clientele, and multilingual support may be available, although specific languages are not detailed.
Frequently Asked Questions
Yes, SIRIUS PRECIOUS MARKETS PTY LTD is regulated by the Australian Securities and Investments Commission (ASIC), which ensures compliance with stringent financial regulations.
SIRIUS offers the widely-used MetaTrader 4 (MT4) platform, known for its user-friendly interface and advanced trading functionalities, including various charting tools and real-time data.
Client funds at SIRIUS are protected through measures such as segregated accounts, which keep client assets separate from the broker’s operational funds, minimizing the risk of misappropriation.
SIRIUS provides customer support 24/5 through multiple channels, including email at info@sirius-fx.com, live chat on their website, and telephone at +852 6533 5017.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.