ASIC Regulated Forex Brokers

ASIC Regulated Forex Brokers, are fx brokers that are fully regulated by the Australian Securities and Investments Commission and have a physical presence in the Australia.

 

Here is a list of ASIC Regulated Forex Brokers

 

Rank
Broker
Regulation
Min. Deposit
Min. Spread
Start Trading
1
Fxtm
FCA, CySec, FSB
$5
0.1
Open Account
Review
2
Avatrade
CySec, FCA
$100
2.1
Open Account
3
Plus500
FCA, Cysec
$100

0.7
Open Account
4
Easymarkets
CySec, ASIC
$100

0.8
Open Account
5
24option
CySec
$100
2.1
Open Account
6
Markets.com
CySec,FSB
$100
1.7
Open Account
7
Etoro
CySec,FCA,ASIC
$200
0.6
Open Account
8
Ufx
CySec
$500
0.5
Open Account
9
Cityindex
FCA
$100
1.8
Open Account
10
Forex.com
FCA
$250
1.8
Open Account
11
Fxcm
FCA,ASIC,NFA
$100
1.4
Open Account
12
XM
FCA,CySec,ASIC
$100
2
Open Account
13
Exness
CySec,ASIC
$100
0.9
Open Account
14
Fbs
CySec,IFSC
$1
0.9
Open Account
15
Etx capital
FCA
$100
0.9
Open Account
16
FXPro
FCA,CySec
$100
0.7
Open Account
17
HYCM
FCA,CySec
$100
1.9
Open Account
18
IronFX
FCA,CySec
$100
2.2
Open Account
19
ATFX
FCA,CySec,ASIC
$100
0.8
Open Account
20
Alpari
FCA,CySec,IFSC
$100
0.3
Open Account
21
IQ Options
CySec
$100
1.2
Open Account
22
Libertex
CySec
$100
0.6
Open Account
23
AAA Trade
CySec
$100
0.5
Open Account
24
AETOS
CySec
$100
1
Open Account
25
Q8 trade
CMA
$100
1
Open Account

 

What is ASIC Regulation

 

The Australian Securities and Investments Commission (ASIC) is one of the oldest regulatory bodies for financial services, that supervises the securities and investment market in Australia. It is a standalone government organization that was first introduced back in 1998. ASIC nowadays oversees the operations of some of the top forex brokers in Australia, as the country’s financial sector has been growing for the past decade. ASIC is also responsible to oversee the operations of the Australian Stock Exchange. It acts as an independent regulatory organization for both the brokers and the investors.

 

How does an ASIC regulation protects the trader

So what does it mean trading with an ASIC regulated forex broker? As ASIC is considered to be one of the most strict and efficient regulators in the world, many traders prefer to trade with brokers regulated by this body as they feel more safe.

ASIC enforces the following rules and safeguards that protect traders and investors:

  1. All brokers are required to keep client funds in segregated accounts
  2. ASIC requires that all trading on a brokers platform needs to be seamless and there should be no interference with any clients positions.
  3. Forex Brokers need to maintain at least one million dollars in operating capital in order to get their ASIC license.
  4. All Brokers are required to hold an AFC license as well (Australian Financial Securities License). This license enables brokers to conduct trading legally in the region.

ASIC also has a few advantages for forex traders:

  1. ASIC does not enforce a FIFO rule. This means traders can close any position they want regardless of when they opened it
  2. ASIC does not enforce a no hedging rule. Traders can hedge their trades if the broker supports this option.
  3. ASIC does not enforce a leverage limit for any kind of traders