Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
Tasman FX Pros & Cons
Tasman FX offers global money transfer services in over 150 currencies and conversions at profitable prices. Also, this broker provides for trading in the Forex market, using an FX Spot transaction. This is a financial agreement where two parties execute a trade to buy/sell a certain currency at a current market price. This agreement is to be executed within two business days. Important! TU works with accounts opened only through the Traders Union website.
TU Expert Verdict
Tasman FX demonstrates moderate stability and can suit certain traders. Its conditions are acceptable, and feedback is mixed but reasonable. In my own tests, it performed adequately, though it lacks the consistency of higher-rated companies.
Top-5 Brokers Traders Prefer
Tasman FX User Reviews
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Commissions and Fees
Score:We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria5 /10The trading and non-trading commissions of Tasman FX have been analyzed and rated as having Medium fees, with a fees score of 5/10. Additionally, these commissions were compared with those of the top two competitors, OANDA and FOREX.com, to provide the most comprehensive information.
- No inactivity fee
- No deposit fee
- No withdrawal fee
- Above-average Forex trading fees
- No ECN/Raw Spread account
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of Tasman FX with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, Tasman FX’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
Tasman FX Standard spreads Tasman FX OANDA FOREX.com EUR/USD min, pips 1.0 0.1 0.7 EUR/USD max, pips 1.4 0.5 1.2 GPB/USD min, pips 1.3 0.1 0.9 GPB/USD max, pips 1.8 0.5 1.4 Does Tasman FX support RAW/ECN accounts?
As we discovered, Tasman FX does not offer RAW/ECN accounts, which might be a drawback for transparency and liquidity. However, this doesn't make the broker uncompetitive. Consider factors like spread levels, execution speed, regulation, support quality, and trading tools when choosing a reliable broker.
Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with Tasman FX. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
Tasman FX Non-Trading Fees Tasman FX OANDA FOREX.com Deposit fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks. 0 0-15 0 Inactivity fee ($, per month) 0 0 15 -
Is Tasman FX Safe?
Score:We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria8 /10Tasman FX has a safety score of 8/10, which corresponds to a High security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Tier-1 regulated
- No negative balance protection
Tasman FX Regulators and Investor Protection Abbreviation Full Name Country of regulation Investor Protection Fund Regulation Level 
ASIC Full Name Australian Securities and Investments Commission Country of regulation Australia Investor Protection Fund No specific fund but has stringent consumer protection Regulation Level Tier-1 Tasman FX Security Factors Foundation date - Negative balance protection NoVerification (KYC) Yes -
Account Types
Score:We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.0 /10Tasman FX offers the following account options: Standard.
However, Tasman FX does not provide a Standard account, which can be a drawback for traders who prefer classic spread-based pricing models.
- Standard account with balanced trading conditions
- Low minimum deposit
- No Swap Free account
- Micro lots are not available
Tasman FX account types vs top competitors Tasman FX Trading.com Plus500 Standard YesYesYesECN/Raw spread NoNoNoDemo NoYesYesCent NoNoNoMicro NoNoNoSwap Free NoNoNoVIP NoNoNoManaged NoNoNo -
Deposit and Withdrawal
Score:This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology3.5 /10Tasman FX received a Low score for the efficiency and convenience of its deposit and withdrawal processes.
Tasman FX offers limited payment options and accessibility, which may impact its competitiveness.
- No withdrawal fee
- Low minimum withdrawal requirement
- Minimum deposit below industry average
- No deposit fee
- No bank card option
- Only major base currencies available
- USDT payments not accepted
What are Tasman FX deposit and withdrawal options?
Tasman FX offers a limited selection of deposit and withdrawal methods, including Bank Wire. This limitation may restrict flexibility for users, making Tasman FX less competitive for those seeking diverse payment options.
Tasman FX Deposit and Withdrawal Methods vs Competitors Tasman FX Trading.com Plus500 Bank Wire YesYesYesBank card NoYesYesPayPal NoNoYesWise NoNoNoBTC NoNoNoWhat are Tasman FX base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. Tasman FX supports the following base account currencies: USD.
What are Tasman FX's minimum deposit and withdrawal amounts?
The minimum deposit on Tasman FX is $0, while the minimum withdrawal amount is $1. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact Tasman FX’s support team.
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Markets and Tradable Assets
Score:The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria1 /10Tasman FX offers a limited selection of trading assets compared to the market average. The platform supports 0 assets in total.
- Multiple markets
- Futures not available
- Crypto trading not available
Supported markets vs top competitors
We have compared the range of assets and markets supported by Tasman FX with its competitors, making it easier for you to find the perfect fit.
Tasman FX Trading.com Plus500 Currency pairs 69 60 Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs. 69 2800 Stocks NoYesCommodity futures NoYesCrypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada. NoYesStock indices NoYesOptions NoYesInvestment options
We also explored the trading assets and products Tasman FX offers for beginner traders and investors who prefer not to engage in active trading.
Tasman FX Trading.com Plus500 Bonds NoNoETFs NoYesCopy trading NoNoPAMM investing NoNoNoManaged accounts NoNoNo -
Trading Account Opening
Score:We evaluated Trading Account Opening at Tasman FX by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.8 /10We successfully registered an account with Tasman FX in 20 minutes. The KYC verification was completed within 2 business days. The minimum deposit amount at Tasman FX is $0. This is one of the most accessible and hassle-free onboarding procedures on the market.
- Low minimum deposit requirement
- Fully online account opening process
- Registration process may take longer than expected
- Account approval may require extra time depending on the documentation.
Tasman FX account opening Tasman FX Trading.com Plus500 Online Registration YesYesYesMinimum deposit $0 $50 $100 Mandatory KYC YesYesYesRegistration time (min) 20 20 KYC time (days) 2 2 3 Is Tasman FX available in my country?
If you are a citizen of United States, the broker accepts clients from your country.
Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.
Account opening details
To open an account with Tasman FX:
Visit the official website;
Click "Register" at the top of any page;
Fill out the registration form with your first name, last name, email, and phone number;
Confirm that you are not a robot;
Submit the form for review.
Steps to start trading:
- Speak with a Tasman FX representative by phone to receive your account password;
- Log in to your account;
- Complete the verification process by confirming your identity and residential address;
- Link your personal bank account to your Tasman FX account;
- Make a deposit;
- Download the trading platform.
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Customer Support
Score:We evaluated Customer Support at Tasman FX by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria4.7 /10The broker’s customer support shows noticeable weaknesses in responsiveness or communication quality. Delays in replies are common, and resolution may require repeated contact.
In TU testing, response speed was below expectations, and assistance was limited in depth. Traders who rely heavily on support may experience inconvenience.
Contacts Registration address Address: Level 2, Suite 32-12, Foveaux St Surry Hills, NSW 2010, Australia Regulation ASIC (the Australian Securities and Investments Commission) Licence number:
337970Official site https://www.tasmanfx.com/ Contacts customerservices@tasmanfx.com Sydney: (02) 8011 1846
Melbourne: (03) 9111 0310
Brisbane: (07) 3733 1913
Auckland: (09) 300 7432
Wellington: (04) 974 5120
Christchurch: (03) 9741 4922
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FAQs
How is Tasman FX regulated and what safety measures are highlighted in the review?
Tasman FX is regulated by the Australian Securities and Investments Commission (ASIC), which is described as a Tier-1 regulator with stringent consumer protection, and it has an overall safety score of 8/10, corresponding to a high security level. The review notes that KYC verification is required, but negative balance protection is not provided and the broker’s foundation date is not specified in the section.
What do the reviews say about Tasman FX trading and non-trading fees?
The review rates Tasman FX’s overall fee level as medium, with a commissions and fees score of 5/10. Standard account spreads are described as floating, with typical ranges of 1.0–1.4 pips for EUR/USD and 1.3–1.8 pips for GBP/USD, and the broker does not charge deposit, withdrawal, or inactivity fees according to the section.
What do user reviews and feedback indicate about Tasman FX overall satisfaction?
Tasman FX has a user satisfaction score of 7/10 based on two reviews, with 50% of ratings at 4 stars and 50% at 3 stars. According to user reviews, this distribution suggests a mixed but moderately positive experience, with no 1- or 2-star ratings reported in the section.
How does the account opening process at Tasman FX work according to the review?
The review states that Tasman FX offers a fully online registration process, which took 20 minutes to complete, with KYC verification finalized within 2 business days and a minimum deposit of $0. It also notes that while the onboarding is described as accessible and hassle-free, registration and account approval times may vary depending on the documentation provided.
What feedback does the review provide about Tasman FX customer support quality?
The review describes Tasman FX customer support as having noticeable weaknesses in responsiveness and communication quality, with delays in replies and limited depth of assistance during testing. It notes that traders who rely heavily on support may face inconvenience, as resolving issues can require repeated contact.
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