General Information & Regulation
Compass Markets specializes in International Money Transfer for both major currency and minors, including USD, AUD, GBP, JPY, SGD as well as PLN, QAR, etc. Compass Markets currently holds a MM license authorized by ASIC in Australia, allowing it provide general advice to both wholesale and retail clients in foreign exchange contracts, derivatives as well as non-cash payments products.
Minimum Deposit of Compass Markets
The minimum deposit required by Compass Markets is not fully disclosed on its official website. Surely, the missing of such important information can be a big pity.
Leverage of Compass Markets
When it comes to trading leverage, there is not much related information mentioned. So we would say that trading leverage available on Compass Markets remains unknown.
Spreads of Compass Markets
Compass Markets, being a money transfer provider, does not provide any spread-realated information.
Types of Transfer
There are four types of transfer clients can make with Compass Global Markets in total. One-off transfers.(Make a one-time transfer); Limit orders (Compass will monitor the market, and when your desired rate hits, Compass will make the transaction on your behalf); Currency receipts (Compass Global Markets also provides foreign currency receipts where they can convert your foreign currency receipts into the currency of your choice); Hedging capabilities (Apart from access to the FX and commodity markets through their trading platform, Compass Global Markets also provides hedging capabilities for small business and foreign exchange payments solutions and the ability for people to invest their money with an experienced fund manager).
Exchange Rate
The rate offered may depend on a number of factors, including transaction size, term of the products, business relationship, the market rates and the differing interest rates applicable to the currency pair involved in the transaction. And the details of fees and costs will be disclosed when clients enters into a transaction. Moreover, Compass Markets does not accepts checks, only EFT transfers.
Cons
Compass Markets have some drawbacks, among which is No cash transfers. Unlike some of the other transfer services, Compass Markets cannot be used for sending money overseas and having it made available for pickup.
