Australia Fixed Rates (australiabestfixedrates.com) has been flagged by ASIC (Australia) for "Unlicensed". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.australiabestfixedrates.com.
Do not use Australia Fixed Rates (australiabestfixedrates.com) for anything serious. I used them since last summer for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.
Pros: Great customer service|No hidden fees
Cons: No phone support on weekends|Minimum deposit could be lower
Australia Fixed Rates (australiabestfixedrates.com) changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.
Pros: Wide product range|Intuitive for beginners|Easy to use platform|Social trading features
Cons: Limited ETF selection
Customer support at Australia Fixed Rates (australiabestfixedrates.com) seems to be run by people who have never used the platform. Every time I call with an issue, I end up explaining how their own system works before they can help me. It would be funny if my money was not involved.
Pros: Multi-currency support|Reliable uptime|Demo account available|Detailed reporting
Cons: Would like more payment methods|Spreads widen during volatile periods
Australia Fixed Rates (australiabestfixedrates.com) locked my account without warning and demanded documents I had already submitted. for nearly two years later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.
Pros: Helpful community forum|Quick verification
Cons: Minor UI glitches occasionally
My card was charged twice by Australia Fixed Rates (australiabestfixedrates.com) on the same day. I had to dispute it with my bank. Australia Fixed Rates (australiabestfixedrates.com) then froze my account and said I had a negative balance because of the chargeback. They created the problem and then punished me for it.
Pros: Transparent fees|Multi-currency support
Cons: No phone support on weekends|Cannot customize dashboard fully
I gave Australia Fixed Rates (australiabestfixedrates.com) a fair chance. After since the beginning of the year of usage, I can say with confidence that there are far better options available. The interface is clunky, the fees are higher than competitors, and the customer support team seems overwhelmed or understaffed.
Pros: Full transparency|Regular platform improvements|Instant funding|Reliable uptime
Cons: Inactivity fee applies after 12 months|Currency conversion fee exists
Australia Fixed Rates (australiabestfixedrates.com) advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Competitive fees|Clean UI|Demo account available|Dividend tracking
Cons: Withdrawal takes 1-2 business days|No phone support on weekends
The reporting at Australia Fixed Rates (australiabestfixedrates.com) is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: Instant funding|Competitive fees
Cons: No integrated tax optimization|No crypto staking
I joined Australia Fixed Rates (australiabestfixedrates.com) after a trusted YouTuber reviewed them and from the start, things felt off. The signup process collected far more personal information than necessary, the verification took unreasonably long, and when I finally got access, the platform was nothing like what was advertised.
Pros: Full transparency|Fast support response|Good analytical tools
Cons: Nothing significant|Wish they had more educational resources