ASIC Regulated Forex Brokers

The Australian Securities and Investment Commissions (ASIC) is the financial services, markets, and consumer credit regulator body in Australia.

ASIC regulates Australian companies, financial markets, financial services organizations and professionals who deal and advise in investments, superannuation, insurance, deposit taking and credit.

ASIC’s priorities include promoting investor and financial consumer confidence and trust. Obtaining an ASIC license is not as easy as it seems. ASIC requires some stringent rules to forex brokers who want to provide assurance to their customers.

For example, all ASIC regulated Forex brokers must hold a minimum net capital AUD 1,000,000 to protect investors from bankruptcy or unexpected events.

ASIC also stipulates that brokers should have a representative office in Australia, and cannot operate from any overseas location.

In this way, ASIC regulated forex brokers must establish a full-fledged branch in Australia, and this enhances accountability and confidence among traders while investing their money.

Is it safe to trade with an ASIC regulated forex broker?

The forex brokers regulated by ASIC have become honest brokers through new and improved ASIC rules and have a special place among investors.

Australian Forex brokers are now considered as reliable as brokers regulated by other reputable regulatory agencies such as FCA, NFA and CySEC. I have listed the advantages of ASIC regulated brokers below for you:

  • ASIC ensures that all brokers can guarantee the safety of their client’ funds by keeping the funds in segregated accounts in the leading banks of Australia.
  • ASIC does not impose any limit on the maximum leverage ratio that is known to hinder the freedom of trading for scalpers or high-risk traders.
  • ASIC does not apply any contradictory rules, such as the FIFO rule or no hedging rule.
  • All brokers that regulated by ASIC should offer a fast and effective trading platform.
  • Forex brokers, organized by ASIC, should provide the best in customer satisfaction by providing the best possible resolution of all consumer complaints. When it comes to customer satisfaction and a merchant-friendly attitude, ASIC Forex brokers are known to be at the top of the rankings.
BrokersRegulationSpreadsMax LeverageMy ScoreAction
ASIC, CYSEC, IFSC Low 1:500 8.7
ASIC Low 1:500 7.9
FCA, ASIC Low 1:500 7.5
FCA, ASIC, CySEC, EFSA Low 1:500 7.2
ASIC Low 1:500 7.2
ASIC, CySEC Medium 1:400 7.2
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CMC Markets

FCA, ASIC, IIROC, MAS Low 1:500 6.9
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FxOpen

FCA, ASIC Low 1:500 6.8
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ThinkMarkets

FCA, ASIC Low 1:400 6.7
FCA, ASIC, CySEC, FSB, ISA, MAS Low 1:300 6.6

XM Forex

XM Forex broker is one of the most popular and well-known forex brokers around the world. In addition to the ASIC license, XM also has the licenses of the world’s leading regulations such as forex, FCA, and CySEC.

XM basically offers 3 different account types to its customers. These are Micro account, Standard account and Zero account. The minimum deposit is just $5 and spreads are competitive.

You should find more details about the broker in my XM Forex review.

Pepperstone

Pepperstone is another most popular forex brokers located in Australia. The Company was founded in 2010 by a group of industry professionals with many years of experience in forex and technology fields.

Pepperstone is an award-winning broker and offers its clients tight spreads. The broker has great customer support. The maximum leverage is 1:500 and it is quite high.

For more information and deep analysis, you can read my Pepperstone review.

IC Markets

IC Markets is the forex broker with the third highest score on my list authorized by ASIC. The broker draws attention with its low ECN spreads.

The trading conditions that IC Markets offers are similar to those offered by Pepperstone. You can see the differences in my IC Markets vs Pepperstone article.

You can also find more details about the broker in my IC Markets review.

Admiral Markets

Admiral Markets is a forex and CFD broker which was founded in 2001. The broker is one of the most known brokers around the world.

Admiral Markets is a reliable forex broker. There are four companies behind the broker and all of them are regulated with different watchdogs. These watchdogs are FCA, ASIC, CySEC, EFSA.

The minimum deposit is $200, the maximum leverage is 1:500. And, the broker offers various trading instruments.

For more, you can check my Admiral Markets review.

Blueberry Markets

The last broker I’m going to talk about in this article is Blueberry Markets. The minimum deposit is $100, the maximum leverage is 1:500. Trading conditions are competitive.

I’ve added all the information about this broker in my Blueberry Markets review.