Ruizean Markets – what we know and have as facts about it; This is a brand name of Ruizean Markets Pty Ltd, which is authorized and regulated by the Australian Securities and Investments Commission (ASIC) under license number 438402. Ruizean Markets is an Australian brokerage that only provides services to clients who meet the definition of ‘wholesale’ client under the Corporations Act 2001. This license allows it to conduct various financial services, including receiving, transmitting, and executing customer orders.
We have found in the Account Terms document that the company acts as principal in respect of the financial products issued by Ruizean Markets. It is also written that the company may enter into transactions with clients as principal and take the opposite position. Client’s orders may match opposite orders of another person who is a customer of Ruizean Markets, and it may receive commission from both transactions. That means the company is a market maker. In general, dealing with market makers involves a conflict of interest because they do not transmit every customer deal and hope that customers will lose. Every loss of customers is their profit.
So far, we have not received any complaints from customers of Ruizean Markets. If you have any criticism to share with us or feel annoyed by Ruizean Markets, please fill in the form below, detailing your case. Once we have made your case public, we may attempt to mediate between you and Ruizean Markets if you wish.