Australian forex brokers

 

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.

 



Australian forex brokers

Broker Regulated Min.deposit Leverage Spread Promotion Review
$1 1:200 0.8 Review Website
$5 1:888 1.1 100% Bonus Review Website
$100 1:400 1 Review Website
$1 1:50 0.9 N/A Review
$200 1:500 0 Review
$50 1:200 (1:50 in US) 1.1 Review
$100 1:400 3 Review
$500 1:400 1.4 Review
$25 1:100 0.9 Review
$250 1:500 1 Review
  $100 1:500 1.3 Review
$25 000 1:400 0.7 Review
$250 1:500 1 Review
$20 1:500 1.8 pips Review
$225 1:400 1 5% bonus Review
$200 1:300 1 Review
$100 1:500 0.7 Review
$200 1:200 1 Review
$500 1:500 1 Review
$1 1:400 2 10% Bonus Review
Review
$50 1:200 1 Review
$1 1:400 0.9 Review
$1 1:100 1 Review
$10 1:400 1.8 Review
$200 1:200 1.2 Review
$200 1:100 1.3 Review
$100 1:500 1.4 Review
$200 1:600 0.7 Review
$1000 1:200 1.3 Review
$100 1:500 2,4 Review
  Review
$100 1:400 1.3 Review
$500 1:100 1.3 Review
$500 1:400 Review
$250 1:400 1.8 Review
$1 1:400 1 Review
$100 1:500 1.9 Review
  No 1:500 Review
$300 1:400 1.8 Review
  $50 1:400 0.4 pips Review
$1 1:400 1.9 Review
$100 1:400 5 Review
$500 1:400 2 up to $5000 Review
$25 200:1 3 Review
$500 AUD 1:400 2 up to $5000 Review
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Related News

ASIC says BocaFX is not authorized forex broker in Australia

Nov 18 2015 11:33:36 Stanimir Zhelev in Market

The Australian Securities and Investments Commission (ASIC) said on Wednesday Boca Global Financial Group (BocaFX), has improperly been stating on its website it is regulated or authorized by ASIC to provide financial services in the country. Read more

Australian forex broker Ingot Brokers fixes cash reserve to meet ASIC requirements

Nov 13 2015 09:33:09 Stanimir Zhelev in Brokers

Australian forex broker Ingot Brokers has rectified its cash and cash equivalents arrangements to comply with the financial resource requirements of the Australian Securities and Investments Commission (ASIC), the regulator said yesterday. Read more

Australia’s ASIC fines XForex $30,600 for misleading ads

Nov 03 2015 09:38:05 Stanimir Zhelev in Brokers

Australia’s financial regulator, ASIC, has issued three infringement notices against O.C.M. Online Capital Markets Pty Ltd (OCM), which operates under the trade name XForex, for misleading online advertising and contravening consumer protection laws. Read more

Australian regulator cancels NZGFT's forex licence

Oct 15 2015 14:34:44 Stanimir Zhelev in Market

Australian Securities and Investments Commission (ASIC) has not granted a new forex licence since January 1 2014. Now it revokes one of the existing licences on misleading marketing claims. Read more

ASIC pushes FIBO Group and XM.com out of the Australian forex market

Aug 27 2015 14:45:58 Stanimir Zhelev in Brokers

Following ASIC concerns, British Virgin Island company FIBO Group Limited (FIBO) and a Cyprus company, Trading Point of Financial Instruments Limited (also known by the trading name XM.com) (Trading Point), have each agreed to cease providing unlicensed financial services to Australians. Read more

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