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Top Forex Brokers Australia - ASIC regulated

Steven Hatzakis

Published by Steven Hatzakis


Tuesday, May 22nd, 2018

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Trading forex (currencies) in Australia is popular among residents and international traders seeking an Australian-based broker. Before any fx broker in Australia can accept forex and CFDs traders, they must become authorised by the Australian Securities & Investment Commission (ASIC), which is the financial markets regulator in Australia. ASIC's website is asic.gov.au. We recommend users also follow ASIC on Twitter, @ASIC_Connect.

After the Australian Securities Commission (founded in 1991) was dissolved, ASIC was established in 1998 as a national regulatory authority which reports to the treasurer and administers legislation for the Insurance Act of 1984, the Corporations Act of 2001, and the National Consumer Credit Protection Act of 2009. For a historical breakdown, here's a link to ASIC's webpage on Wikipedia.

Best Forex Brokers List Australia

To find the best forex broker in Australia, we created a list of all ASIC-regulated brokers, then ranked brokers by both trustworthiness, as well as their Overall ranking from the ForexBrokers.com 2018 Review. The result is our top forex brokers list for Australia.

ASIC Authorised (Australia)Average Spread EUR/USD - StandardMinimum Initial DepositTrust ScoreOverall
IG Yes 0.75£250.0097 5 Stars
Saxo Bank Yes 0.90$2,000.0094 5 Stars
FOREX.com Yes 1.30$250.0092 4.5 Stars
CMC Markets Yes 0.772$0.0090 4.5 Stars
OANDA Yes 1.40$0.0090 4 Stars
Plus500 Yes 0.60€10083 3 Stars
KVB Kunlun Yes 1.50N/A82 2.5 Stars
Pepperstone Yes 1.16$200.0081 4 Stars
FXCM Yes 1.30$0.0080 4.5 Stars
ThinkMarkets Yes N/A$250.0080 4 Stars
AvaTrade Yes 1.90$100.0076 3.5 Stars
AxiTrader Yes 1.24$0.00 - $100075 3.5 Stars
easyMarkets Yes 1.80$100.0074 4 Stars
XM Yes 1.60$10-10071 3.5 Stars
Admiral Markets Yes 1.2020072 4 Stars
Vantage FX Yes 1.40$10071 3.5 Stars
IC Markets Yes 0.70$20069 4 Stars

How to Verify ASIC Authorisation

To identify if a forex broker is regulated by ASIC, the first step is to identify the register number from the disclosure text at the bottom of the broker's Australia homepage. For example, here's the key disclosure text from Pepperstone's website,

Pepperstone Group Limited is registered in Australia at Level 5, 530 Collins Street, Melbourne, VIC 3000, and is licensed and regulated by the Australian Securities and Investments Commission. Pepperstone Group Limited | ACN 147 055 703 | AFSL No.414530."

Next, look up the firm number on the ASIC website to validate their current regulatory status. Here is the official ASIC page for Pepperstone.

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Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published web site as of 4/03/2018 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.

IG - 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

OANDA - CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Plus500UK Ltd is authorised and regulated by the Financial Conduct Authority (FRN 509909).