.PNG)
Forex trading in Australia is experiencing strong growth. With the growth of Australian forex market, many international clients are keen to open accounts with Australian forex broker. In the last year several overseas (UK and US) forex brokers establishing a Australian-regulated branches.
Forex brokers in Australia are regulated by ASIC. Unlike NFA and Japan FSA Australian financial regulatory body imposes no regulation on leverage and FIFO order execution rules. Besides it's easier and cheaper to start up an ASIC regulated Forex broker. Minimum capital requirement in Australia is just AUD $50,000 plus 5% of client assets held. However it's rumored ASIC will rise it to AUD $1 million soon.
Below is a list of Australian forex brokers
| Broker | Regulated | Min deposit | Leverage | Spread | Promotion |
www.forex.com
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$250 | 1:50 | 1.1 | |
www.dcmforex.com
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$1000 | 500:1 | 1 | |
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$50 | 1:200 | 1 | |
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$200 | 1:400 | 1.4 | |
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$225 | 1:400 | 1 | 5% bonus |
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$1 | 1:500 | 1 | |
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$1 | 1:500 | 1 | |
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$200 | 1:200 | 1 | |
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$10 | 1:500 | 1 | 30% Bonus |
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$1 | 1:400 | 2 | 10% Bonus |
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$100 | 1:100 | 1 | ||
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$200 | 1:500 | 0 | |
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$1 | 1:400 | 1.9 | |
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$25 | 200:1 | 3 |
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