What is SIRIUS？
SIRIUS was founded over 30 years ago and is registered in Australia. It is regulated by SASIC. The market instruments available for trading include forex, metals, and oil. SIRIUS provides a demo account for users to practice trading, and the leverage offered is 1:100 by default. The trading platform offered is MT4. The minimum deposit requirement is $100, and customer support is available 24/5 via email, Telegram, and WhatsApp.
If you are interested, we invite you to continue reading the upcoming article where we will thoroughly assess the broker from various angles and present you with well-organized and succinct information. By the end of the article, we will provide a concise summary to give you a comprehensive overview of the broker's key characteristics.
Pros & Cons
Pros:
- Regulated by ASIC: SIRIUS is regulated by the Australian Securities and Investments Commission (ASIC), which ensures compliance with financial regulations and provides a level of oversight and protection for investors.
- Demo accounts available: SIRIUS offers demo accounts, allowing users to practice trading and familiarize themselves with the platform without risking real money.
- MT4 supported: SIRIUS supports the popular MetaTrader 4 (MT4) trading platform, which is widely recognized for its user-friendly interface and advanced trading features.
- Acceptable minimum deposit: SIRIUS has a minimum deposit requirement of $100, which is relatively low and accessible for many potential investors.
- Fraud protection measures provided: SIRIUS has implemented fraud protection measures, such as fund isolation, to enhance transparency and ensure the safety of customer deposits.
Cons:
- No 24/7 customer support: SIRIUS offers customer support 24/5 through email, Telegram, and WhatsApp. However, the absence of 24/7 customer support means that there may be some limitations in receiving immediate assistance outside of regular business hours.
- Limited product offerings: While SIRIUS provides diversified trading products like foreign exchange, metals, and oil, the range of offerings may be limited compared to some other financial service providers that offer a wider range of products.
Is SIRIUS Safe or Scam？
SIRIUS is an online trading platform regulated by the Australian Securities and Investments Commission (ASIC) (License Type: Appointed Representative(AR) License No. 001297468) It and has been in operation for several years. It has received positive reviews from many customers and is considered a reputable broker.
SIRIUS has implemented six security measures to protect customer funds. These measures include fund isolation to enhance transparency and ensure the safety of customer deposits. Transactions are conducted using SSL data encryption technology to prevent unauthorized access and ensure the privacy of customer accounts. Fast withdrawal processes ensure that customers can receive their funds within 2 hours, with additional notifications sent via SMS for security purposes.
Market Instruments
SIRIUS offers a variety of trading instruments including forex, metals, and oil.
- Forex (Foreign Exchange): Forex trading involves the buying and selling of currency pairs in the foreign exchange market. Traders speculate on the price movements of one currency against another, aiming to profit from fluctuations in exchange rates. Currency pairs are denoted with three-letter codes, such as EUR/USD (Euro/US Dollar) or GBP/JPY (British Pound/Japanese Yen).
- Metals: This category typically includes precious metals such as gold, silver, platinum, and palladium. Trading metal instruments allows investors to take positions on the price movements of these commodities. Precious metals are often sought after as a store of value and can be influenced by factors such as geopolitical events, inflation, and currency fluctuations.
- Oil: Oil trading involves speculating on the price of crude oil, which is a key commodity in the global economy. Traders can take positions on the future price movements of oil, which can be impacted by supply and demand dynamics, geopolitical factors, and economic indicators.
Accounts
SIRIUS offers financial transaction accounts with a minimum deposit requirement of $100. These accounts are designed to provide users with a platform to engage in various financial transactions and investment activities.
Once opened, users can access a range of features and functionalities within their SIRIUS account. This includes the ability to deposit and withdraw funds, monitor their account balance, view transaction history, and execute trades.
Additionally, SIRIUS offers demo accounts for traders who wish to practice and familiarize themselves with the platform before trading with real funds. These demo accounts replicate real market conditions, allowing users to execute trades using virtual funds. This enables traders to develop their trading strategies, test new investment approaches, and gain confidence in their trading skills without risking actual capital.
How to Open an Account？
To open an account with SIRIUS, you will need to follow these steps:
Leverage
SIRIUS offers a variety of leverage options to its clients, with the default product leverage being 100 times. However, the specific leverage available can vary depending on the instrument and the platform used. For detailed and accurate information about the leverage options provided by SIRIUS, you can refer to the SIRIUS product list or consult with the platform directly.
Trading Platforms
SIRIUS offers the widely acclaimed MetaTrader 4 (MT4) platform to its clients, providing a comprehensive and user-friendly interface for trading various financial instruments. The MT4 platform is known for its advanced charting tools, customizable indicators, and multiple timeframes, allowing traders to analyze market trends and make informed trading decisions with ease. Users can access real-time quotes, execute trades, and manage their positions seamlessly through the intuitive and responsive interface.
MT4 platform offered by SIRIUS is its support for algorithmic trading through Expert Advisors (EAs). Traders can develop or install automated trading algorithms to execute trades based on predefined conditions, enabling a disciplined and systematic approach to market participation.
Deposits & Withdrawals
Deposit:
To make a deposit, you need to log in to the CRM system using your credentials. Once logged in, you can navigate to the deposit section and choose your preferred payment channel within the system.
Withdrawal:
Similarly, the withdrawal process for SIRIUS is carried out through the CRM system. You will need to log in to the system's background and submit a withdrawal application online. The withdrawal amount must be between USD 5 and USD 10,000.
For withdrawals less than USD 50, a uniform handling fee of USD 3 will be charged. There is a maximum limit of 3 withdrawal applications that can be submitted per working day. Once the withdrawal application is submitted, it will be processed within 1-3 working days. The actual arrival time of the funds will vary depending on the regulations of each bank involved.
Service
SIRIUS offers live chat. With live chat, customers can get their questions answered quickly and receive help with any issues they may have. It's a convenient and effective communication channel that can improve customer satisfaction and increase sales.
Customers can visit their office or get in touch with customer service line using the information provided below:
Telephone: +61 8 7200 6618 | +852 6533 5017 ( 24/5 Weekday (GMT+8) 10:00-17:00）
Email: info@sirius-fx.com
cs@sirius-fx.com
business@sirius-fx.com
Address: Suite 1001 A, 53 Walker ST, North Sydney, NSW 2060, Australia
Moreover, clients could get in touch with this broker through the social media, such as Telegram and WhatsApp.
In addition, SIRIUS offers a Frequently Asked Questions (FAQ) section on their website, which serves as a valuable resource for their clients. This section aims to address the most commonly asked questions and provide relevant information to assist investors. It covers a wide range of topics, including the company's services, processes, and investment opportunities.
Conclusion
SIRIUS is a financial transaction service provider with over 30 years of industry experience. It is regulated by ASIC, providing oversight and ensuring compliance with financial regulations. This regulation adds a level of trust and security for investors. Overall, SIRIUS is a regulated financial service provider with a focus on offering a stable, fast, and secure trading environment.
Frequently Asked Questions (FAQs)
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
