- A 10+ Year Veteran of the Forex Market with a Strong Presence in Europe and Asia
- Regulated by Australia's ASIC (License: 246566)
- Local Office: Suite 703, 65 York Street, Sydney NSW 2000, Australia
- Dedicated Australia Phone Support: +61 1 800 176 935
Australia has been one of the fastest growing markets for forex trading. According to an Investment Trends report, there were over 49,000 fx traders in Australia as of 2015 and 17,000 expect to place their first trades in 2016. There are many brokers serving this competitive market and switching activity is high. Here are some of the top ASIC regulated forex brokers for Australian traders.
Best Online FX Brokers in Australia
- Trusted Forex Broker Regulated in 5 Jurisdictions With Monthly Trading Volume Exceeding $60 Billion
- Regulated by Australia's ASIC (License: 406684)
- Local Office: Level 13, 2 Park Street, Sydney NSW 2000, Australia
- Dedicated Australia Phone Support: +61 1 800206496
- No Frills CFD Provider with Low Transaction Costs
- Regulated by Australia's ASIC (License: 417727)
- Local Office: Level 10, 45 Clarence Street, Sydney, NSW, Australia 2000
- Cutting Edge Social Trading Technology Connects You with 4.5 Million Traders in 170 countries
- Regulated by Australia's ASIC (License: 335692)
- Local Office: Level 2, 2 Bligh Street, Sydney NSW 2000, Australia
- Dedicated Australia Phone Support: +61 1800 778 583
Who Regulates Forex Trading in Australia?
Retail Forex Trading is regulated by the Australia Securities and Investment Commission (ASIC). ASIC was established in 2001 under the Australian Securities and Investments Commission Act. They are charged with maintaining fairness and transparency in Australian financial markets to inspire confidence in investors and consumers.
ASIC regulates a wide variety of businesses and entities within the Australian financial services sector. Their regulatory purviews includes investments, superannuation, insurance, corporate and consumer banking, domestic equities, derivatives markets, insurance, pooled investments, etc… ASIC oversees Australian companies, organisations, financial professions, banks, credit unions, finance companies, mortgage and finance brokers, superannuation funds, managed funds, and more.
ASIC has registration and licensing powers as well as the ability to punish bad behavior from financial markets participants including investigations, notices, bans, civil proceedings and prosecutions.
What are the Regulatory Capital Requirements for Australian Forex Brokers?
ASIC raised the regulatory capital requirements from A50,000 to A1,000,000 and 10% of revenue in 2014. This applies to CFD brokers who act as principal (market makers) directly entering into trades with their clients.
Australia is now one of the stricter regulatory regimes and means that ASIC licensed brokers must be well capitalized and regulated.
ASIC Regulated Forex Brokers Summary
|Broker||ASIC License No||Local Office||Local Number||Bonus||Min Deposit|
|AvaTrade||406684||Level 13, 2 Park Street, Sydney NSW 2000, Australia||+61 1 800206496||$400 referral bonus||$/€/£/AUD 100|
|Easy Markets||246566||Suite 703, 65 York Street, Sydney NSW 2000, Australia||+61 1 800 176 935||50% deposit bonus||$100|
|Plus 500||417727||Level 10, 45 Clarence Street, Sydney, NSW, 2000 Australia||N/A||$30 no deposit bonus, 20% deposit bonus||$/€/AUD 100|
|Etoro||335692||Level 2, 2 Bligh Street, Sydney NSW 2000, Australia||+61 1800 778 583||$100 referral bonus||$50|