Last Update: March 28th, 2024

10 Best ASIC Regulated Forex Brokers offer peace of mind with strict financial security measures and adhere to high ethical standards.

In this in-depth guide you’ll learn:

• What is the Primary Objective of ASIC?
• What are the Benefits of Trading with ASIC-Regulated Brokers?
• Who is the Best ASIC Regulated and Licensed (AUS) Forex Broker?
• A list of the top brokers for Beginners with a low minimum deposit in Australia?
• A breakdown of the regulations and rules of ASIC.

So, if you’re ready to go “all in” with the ASIC Regulated (AUS) 10 Best Forex Brokers…

Let’s dive right in…

🏆 10 Best Forex Brokers

	Broker	Review	Regulators	Min Deposit	Website
🥇		Read Review	ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA	USD 100	Visit Broker >>
🥈		Read Review	FMA, FSA	USD 50	Visit Broker >>
🥉		Read Review	FSCA, CySEC, DFSA, FSA, CMA	USD 0	Visit Broker >>
4		Read Review	SFSA, FSCA, CySec*	USD 5	Visit Broker >>
5		Read Review	FCA, CySEC, FSCA, SCB	USD 100	Visit Broker >>
6		Read Review	FCA, FINMA, FSA, ASIC	USD 0	Visit Broker >>
7		Read Review	CySEC, FCA, FSA, FSCA, Labuan FSA	USD 100	Visit Broker >>
8		Read Review	Not Regulated	0.001 BTC	Visit Broker >>
9		Read Review	ASIC, CySEC, FSCA, CMA	USD 100	Visit Broker >>
10		Read Review	SVGFSA	USD 5	Visit Broker >>

10 Best ASIC Regulated Forex Brokers (AUS) (2024*)

1. ☑️IG Group – Award-Winning ASIC Regulated Forex Broker.
2. ☑️Admirals – Low-cost trading experience.
3. ☑️AvaTrade –Best Mobile Trading Experience.
4. ☑️Axi – Best MT4 Trading Tools.
5. ☑️FP Markets – Best ASIC-Regulated Forex Broker.
6. ☑️IC Markets – Best Broker for Beginners.
7. ☑️CMC Markets – Strong reputation for Regulation and client safety.
8. ☑️GO Markets – Low forex fees and favorable non-trading fees.
9. ☑️eToro – Best Globally Regulated Broker.
10. ☑️Pepperstone – Lowest Cost ECN Broker.

Overview of ASIC

Responsible for overseeing Australian financial markets, the Australian Securities and Investments Commission (ASIC) holds a significant role as a regulatory body.

In 1991, ASIC was founded with a mandate to uphold regulations that safeguard Australian traders, investors, and creditors. It also seeks to maintain transparency in Australian financial dealings and institutions throughout Australia. ASIC Regulated Forex Brokers revealed.

In addition, its jurisdiction covers a diverse spectrum of Australian financial offerings such as securities, derivatives, insurance, banking, and, notably, the Forex industry.

ASIC employs a regulatory approach that is proactive and preventive, prioritizing the attainment of transparency and fairness in financial services to bolster investor trust.

The commission uses a comprehensive regulatory structure that includes licensing financial service companies, monitoring their activities, and enforcing rules against misbehavior.

This methodology is intended to reduce systemic risk while protecting individual investors from fraudulent and unfair actions.

One of the distinguishing features of ASIC’s regulatory framework is its focus on excellent corporate governance, consumer protection, and risk management among the firms it regulates.

For forex brokers, this entails complying with tight capital requirements, maintaining strong internal processes, and offering their customers clear and fair-trading conditions.

They also play an important role in educating and enlightening investors, providing materials to assist them in making sound choices.

It has established globally recognized regulatory standards, which makes firms that operate under ASIC’s regulations attractive to investors from all corners of the world.

ASIC remains a top-ranked regulator worldwide through its commitment to preserving an open and steady financial system and active engagement in global regulatory forums.

Benefits of Trading with ASIC-Regulated Brokers

By choosing to trade with brokers regulated by ASIC, traders can enjoy numerous benefits and safeguards. The foremost objective is to create a safe and transparent trading environment.

Thanks to the strict regulatory structure imposed by ASIC, these brokers must satisfy stringent operational requirements, including maintaining appropriate capital levels, implementing comprehensive risk management systems, and treating clients equitably.

This means traders receive enhanced protection for their funds while accessing accurate information regarding goods and services available for trade via such regulated platforms.

Moreover, working alongside reputable brokers ensures trustworthiness in every transaction undertaken on this platform.

ASIC’s unwavering commitment to safeguarding the interests of traders guarantees an added level of security achievable by seeking assistance from regulatory authorities if outlooks appear unjust or suspicious during trades.

Furthermore, this gives them complete peace of mind while conducting their business activities online.

10 Best ASIC Regulated Forex Brokers

IG

Overview

The Australian Securities and Investments Commission (ASIC) regulates IG to ensure it meets strict financial requirements and operates with integrity. For traders, this implies improved money protection, emphasizing openness and fairness in trading procedures, resulting in a safe and dependable trading environment that meets Australian regulatory standards.

Unique Features

IG Pros and Cons

Admirals

Overview

Admirals’ compliance with ASIC regulatory requirements demonstrates its dedication to maintaining the high degree of financial integrity and client money security necessary in Australia. Traders may anticipate a secure trading environment with clear operating processes to safeguard their interests.

Unique Features

Admirals Pros and Cons

AvaTrade

Overview

AvaTrade is licensed by ASIC and assures it adheres to Australia’s financial services requirements. This involves preserving customer cash in separate accounts, protecting traders’ investments, and ensuring that the broker acts transparently and fairly.

Unique Features

AvaTrade Pros and Cons

Axi

Overview

Axi is regulated by ASIC, which adheres to Australia’s financial safety and operational transparency requirements. Traders interacting with Axi may be certain that their money is secure and that the broker’s trading methods are fair.

Unique Features

Axi Pros and Cons

FP Markets

Overview

As an ASIC-regulated firm, FP Markets is dedicated to upholding the high standards of financial conduct and trader protection necessary in Australia. This dedication translates into a secure trading environment for traders, focusing on client money safety and clear trading conditions.

Unique Features

FP Markets Pros and Cons

IC Markets

Overview

ASIC oversight of IC Markets demonstrates the company’s dedication to Australia’s tight regulatory framework, emphasizing client funds safety via segregated accounts and creating a transparent and fair-trading environment for its traders.

Unique Features

IC Markets Pros and Cons

CMC Markets

 Overview

CMC Markets’ commitment to ASIC laws guarantees that it operates with high financial openness and integrity, giving traders peace of mind that their assets are handled safely and that the trading environment is fair and transparent.

Unique Features

CMC Markets Pros and Cons

GO Markets

Overview

GO Markets’ ASIC regulation demonstrates its dedication to upholding the high standards of financial safety, openness, and honesty anticipated in the Australian financial industry.

Unique Features

GO Markets Pros and Cons

eToro

Overview

eToro is licensed by ASIC, guaranteeing traders’ money is safely maintained in segregated accounts and that they benefit from fair and transparent trading methods.

Unique Features

eToro Pros and Cons

Pepperstone

Overview

Pepperstone, regulated by ASIC, proves its dedication to following regulatory criteria such as financial transparency, client money security via segregation, and fair-trading procedures by providing Australian traders with a safe and dependable trading platform.

Unique Features

Pepperstone Pros and Cons

Conclusion

In our experience, ASIC’s regulatory framework is critical in establishing the landscape of Australian forex and CFD trading, ensuring that traders continue to trade in a safe and transparent environment.

ASIC’s latest upgrades and improvements to its standards, such as implementing leverage limits, greater transparency requirements, and stronger client money protection laws, demonstrate the regulator’s commitment to investor safety and market integrity.

These changes necessitate forex and CFD brokers to constantly adapt their operations and compliance standards, emphasizing openness, fairness, and risk management in customer interactions.

As the financial markets develop, so does ASIC’s regulatory strategy, exhibiting a responsive and proactive attitude to evolving trends and issues.

Overall, this dynamic regulatory framework keeps Australia’s financial markets competitive and appealing to both local and foreign traders, encouraging a culture of innovation and safety in forex and CFD trading.

Frequently Asked Questions

What are the benefits of using an ASIC-regulated forex broker?

You are protected by tougher legislation and consumer protections, which provide better security and transparency.

Who is ASIC?

The Australian Securities and Investments Commission (ASIC) is an independent Australian government entity that regulates financial services. It oversees market and financial services activities to promote fairness, transparency, and consumer and investor protection.

Do ASIC regulations apply to all forex brokers?

Brokers based in Australia or targeting Australian customers.

Who is the best ASIC-regulated forex broker?

It is a subjective decision based on individual trading requirements, preferences, and priorities, such as trading platforms, instruments provided, customer support, and trading conditions.

However, some of the best include AvaTrade, IC Markets, and GO Markets.

How do I find the best ASIC forex broker for me?

Consider costs, spreads, platforms, customer service, and available products depending on your trading requirements.

What are the risks of using a non-ASIC regulated broker?

You have less protection and may be vulnerable to fraud, unfair practices, and increased risks.

What are the recent changes to ASIC regulations for forex brokers?

Leverage restrictions have been decreased, negative balance protection is required, and CFD marketing is banned.