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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. The regulator raised the minimum net capital requirement for brokers to AUD1,000,000 to make sure that brokerages are well-capitalized to protect investors from unfavorable events. 

 

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 Min.deposit Leverage Regulation Country Review
$100 1:500 ASIC Australia, Cyprus Review Website
$5 1:500 FCA, CySec, ASIC UK, Cyprus, Australia Review Website
$50 1:400 FCA, ASIC, FSCA UK, Australia, South Africa Review Website
$0 1:200 FCA, ASIC, MAS, BaFin UK, Australia, Singapore Review Website
$200 1:500 ASIC, FCA Australia, UK Review Website
$1 1:50 CFTC/NFA, FCA, ASIC US, UK, Canada, Australia, Japan, Singapore Review
$200 1:500 ASIC, CySEC Australia, Cyprus Review
$100 1:200 FCA, ASIC, NBRB UK, Autralia, Belarus Review
1:100 ASIC Australia Review
$25 1:100 FCA, ASIC, FMA UK, Australia, New Zealand Review
$100 1:200 FCA, CySEC, ASIC UK, Cyprus, Australia Review
$250 1:500 FCA, ASIC UK, Australia Review
£100 1:200 FCA, MAS, ASIC UK, Singapore, Australia Review
$25 000 1:400 ASIC Australia Review
$20 1:500 CySEC, FCA, ASIC UK, Cyprus, Australia Review
N/A 1:200 ASIC Australia Review
$100 1:400 (1:30 for EU clients) ASIC, Central Bank of Ireland Ireland, Australia, Japan, South Africa Review
500 AUD 1:400 ASIC Australia Review
$1 1:400 ASIC Australia Review
$100 1:400 CySec, ASIC Cyprus, Australia Review
$200 1:300 ASIC Australia Review
$100 1:500 ASIC Australia Review
$200 1:500 FCA, CySEC, ASIC, EFSA UK, Cyprus, Australia, Estonia Review
$500 1:500 ASIC Australia Review
$50 1:200 ASIC Australia Review
$1 1:100 ASIC, FMA Australia, New Zealand Review
$100 500:1 ASIC Australia Review
$200 1:100 ASIC Australia Review
$100 1:500 FCA, ASIC UK,China, Hong Kong, UAE, Australia Review
$200 1:600 ASIC, FSA Australia, Japan Review
$1000 1:200 SFC, ASIC, FMA Hong Kong, Australia, New Zealand Review
$100 1:500 ASIC, FMA Australia, New Zealand Review
ASIC - Pending Australia Review
$100 1:500 ASIC Australia Review
$500 1:100 ASIC Australia Review
$200 1:400 ASIC Australia Review
$250 1:400 ASIC Australia Review
$1 1:400 ASIC, CySEC, CBL Australia, Cyprus, Lebanon Review
$100 1:400 ASIC Australia Review
$100 1:500 ASIC Australia Review
No 1:500 ASIC Australia Review
$300 1:400 ASIC Australia Review
$50 1:100 ASIC Australia Review
$100 1:500 ASIC Australia Review
$100 1:500 ASIC Australia Review
$100 1:500 ASIC Australia Review
1:500 ASIC Australia Review
ASIC Australia Review
ASIC Australia Review
$50 1:500 ASIC Australia Review
$1000 1:400 ASIC Australia Review
$0 1:200 ASIC Australia Review
100 AUD 1:200 Yes Australia Review
- 1:400 ASIC Australia Review
$1 1:400 ASIC Australia Review
$200 1:500 ASIC Australia Review
$500 1:400 ASIC Australia Review
$200 1:500 ASIC Australia Review
$1000 1:400 ASIC Australia Review
$1000 1:400 ASIC Australia Review
$200 1:400 ASIC Australia Review
$2500 1:300 ASIC Australia Review
$200 1:500 ASIC Australia Review
$500 1:400 ASIC, SFC Australia Review
n/a 1:400 No Australia Review
$100 1:400 ASIC, CySec Australia, Cyprus Review
$500 1:400 ASIC Australia Review
$500 AUD 1:400 ASIC Australia Review
$100 1:500 ASIC (CAR) Australia Review
N/A 1:500 ASIC (CAR) Australia Review
$250 1:500 ASIC (AR) Australia Review
$250 1:400 ASIC Australia Review
$1 1:400 ASIC (Authorised rep) Australia Review
$0 1:100 ASIC, FMA, FINRA, SEC, NFA Australia Review
$500 1:400 ASIC (cancelled) Australia Review

Related News

ASIC updates warning list with MRT Markets, RIMarkets, and Golden Day Profit

Jun 03 2019 13:03:04 Jonathan Smith in Market

  The Australian Securities and Investment Commission (ASIC) has added forex brokers MRT Markets, RIMarkets, and Golden Day Profit its list of unlicensed companies illegally targeting local investors. Read more

ASIC warns against unregulated broker GFC Investment

May 23 2019 11:44:53 Jonathan Smith in Market

  The Australian Securities and Investment Commission (ASIC) has blacklisted unregulated forex broker GFC Investment. The regulator advised investors not to deal with this broker, as it is not authorized to provide financial services in Australia and could be involved in a scam. Read more

Vantage Prime will no longer service non-Australian clients

May 20 2019 13:36:39 Jonathan Smith in Brokers

  Vantage Prime, which is a part of the Vantage FX group, announced it will no longer service non-Australian clients, online media Finance Magnates reported today. The broker’s decision is taken due to regulatory concerns. Read more

Australians lost $86 mln to investment scams in 2018

May 02 2019 17:04:18 Jonathan Smith in Brokers

Australians lost over 86 million USD to investment scams in 2018 alone – the biggest portion of the almost 490 million USD  in losses from over 378 000 scam reports, the latest report of the Australian Competition and Consumer Commission’s (ACCC) reveals. Read more

ASIC warns that some Australian brokers are soliciting European clients

Apr 11 2019 14:31:20 Jonathan Smith in Market

  The Australian Securities and Investments Commission (ASIC) made an official statement, warning local forex brokerages to be careful not to break any overseas laws while offering OTC derivatives to retail investors in Europe and other overseas jurisdictions. Read more

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