asic-licensed entity. It is also worth noting that some brokers have asic regulation as well as regulation in other regions, indicating a global reach and a commitment to trustworthiness. Leverage: 888:1, cySEC, ASiC, FCA, read More, open Account. That said, brokerages licensed by asic are obviously safe to deal with. Simple: asic will only act as a consumer protection watchdog for you, if the broker with which you are trading is under its authority. It was even the target of a class action lawsuit in for allegedly failing to properly act towards protecting consumers in the Storm Financial incident. Headquarters: USA, min Deposit: 0 Leverage: 50:1 cftc, NFA, FCA, asic, FSA Read More Open Account Headquarters: UK Min Deposit: 100 Leverage: 300:1 FCA, CySEC, ASiC Read More Open Account Headquarters: UK Min Deposit: 50 Leverage: 200:1 FCA, BaFin, asic Read More Open Account GET. The Australian Forex/CFD/Cryptocurrency landscape is an intricate one, where at least three different types of brokerages peddle their services.
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Asic is the Australian Securities and Investments Commission, whose areas of responsibility include online financial services, derivatives and securities not to mention consumer protection. Our diverse and proprietary liquidity mix keeps spreads tight 24/5. Brokers in Australia that are licensed by asic and that operate out of a physical location within the country, are generally trustworthy and always accountable. Broker, features, min Deposit. There are unlicensed, unregulated brokerages with a global reach, whose services may indeed be accessible to Australian traders too. In 2016, asic acted against four dde excel forex Australian banks for incorrectly influencing benchmark interest rates, but drew more ire on account of being too late to act in the case. No recycling of liquidity for reduced slippage. For this reason alone, it's a good idea to look for Forex brokers in Australia that offer the best spreads and execution for AUD pairs and crosses. IC Markets is the preferred choice for automated traders. Check out the broker list below to get started. Before registering an account with a broker, see if you can find it on asics blacklist at MoneySmart. Headquarters: UK, min Deposit:.