In the past few years Australia has established itself as one of the main forex hubs in the world. This is most probably due to the favorable conditions for FX & CFD brokers there, and the flexible regulation, which allows brokerages to offer traders outstanding trading conditions. With more and more international brokers setting up offices Down Under, Australia's forex market growth keeps growing sustainably.
It's important to explain, thought, that when we say “flexible regulation”, we don't mean that brokers and traders can do whatever they feel like – just on the contrary. The local financial regulator ASIC (the Australian Securities and Investments Commission) has a firm grip over financial services, securities and derivatives, consumer protection, etc.
One of the main roles of ASIC's is to enforce and regulate company and financial services laws to protect Australian consumers, investors and creditors, and so it does – just recently, the regulator raised the minimum net capital requirement for brokers from AUD50,000 to AUD500,000 to make sure that brokerages are well-capitalized to protect investors from unfavorable events (during the next year, this requirement is expected to be increased even further, to AUD1,000,000).
Strategy-wise, there are little restrictions: traders who use the services of Australian brokers can scalp and hedge, the FIFO rule is not applicable, and there is no mandated maximum leverage.
Below is a list of forex brokers operating out of Australia.
|$5||1:888||1.1||100% Bonus||Review Website|
|$50||1:200 (1:50 in US)||1.1||Review Website|
|$500||1:400||2||up to $5000||Review|
|$500 AUD||1:400||2||up to $5000||Review|