About Us

FX Author By Jeffrey Cammack Author Information Updated: March 5, 2020

FX Australia was born to fill a hole in the market for reliable and balanced information about the forex trading market.  While we cater mostly to newcomers, we try and address issues that can be of interest to the intermediate and advanced traders too.  FX Australia is owned and independently operated by Schlossbrink AB. Over the 15 years we have been trading, we have reviewed over 150 different forex brokers, and we reject many more of them than we feature on this website.  The most common reasons that we don’t feature them is we feel like they lack positive regulation, the feedback we have received from our research network is poor, and we don’t feel like they have a product that puts the trader first.

Meet the Senior Leadership

Björn MIchels

Björn Michels – CEO & Head of Strategy

Björn Michels is CEO of Schlossbrink and has been at the helm since 2012. While founding Schlossbrink, Björn founded Roy App – a digital marketing and business intelligence company providing the value of management consulting – and worked advising international media platforms, and online finance companies establish new, and customer focused brands that have transparency and product development at the core. Björn started his professional career in 2004 in product development of the internal search engine for Hewlett Packard when search was considered cutting edge for the e-commerce and online industry. Today, he combines strategic management, product development and a passion for financial products in his role. Björn holds a Master of Science degree in Computer Science from South Bank University in London UK.

Jeffrey Cammack

Jeffrey Cammack – Editorial Director & Head of Operations

Jeff Cammack is the Editorial Director of the Trade Forex branded websites that Schlossbrink operates. Jeff Cammack joined in 2012 and has been central to setting the educational focus of the content published, and the research processes that are the backbone of the authoritativeness and independence of articles and product reviews. Jeff has 15+ years of experience working with online academic content having first started marketing complex investment products in 2006, narrowing in focus to CFD and Forex products in 2010, and then publishing about macroeconomic issues and currency analysis from 2012. Jeff received a Bachelors in Communications from Humboldt State University in California.

Stellian Olar

Stellian Olar – CFD & Forex Trading Expert

Stelian is a CFD & Forex Trading Expert with more than ten years of experience in the financial markets. He is a versatile trader who, besides managing his own money, also trades other people’s money. He is a disciplined investor with a passion for trading and a solid understanding of global markets.

Stellian is skilled in developing and executing highly effective quantitative investment strategies, including systematic trading and discretionary trading. He is deeply committed to the belief that exhaustive research is the key to success, and that research is shown in the detail and precision of each piece he contributes to.  As a currency analyst, Stelian provides his expertise in financial markets to private companies and individuals.

Stelian has a bachelors of Engineering in Electronics and Telecommunication from the Polytechnic University of Timisoara.

Editorial Guidelines

The FX Australia goal is to create high-quality, factually correct, and meaningful educational content that furthers our readers interest in Forex trading and education. It is free from commercial bias, conflict of interest and as accurate as our writers are able. Comments and feedback on the content are always welcome by contacting us on [email protected]

Broker Recommendations:

We pride ourselves on having broker and tool reviews that are free of commercial bias and are written by traders who have hands-on experience, the context, and expertise to be able to make comparisons between these products.  More about our broker comparison process here. Following some of the links in our content, and on our lists, means that FX Australia could receive a commission, but neither the publication or our writers take payment or commissions for altering our views and text in our reviews.

Educational Articles:

While the articles we feature are entirely accurate to the given situation, these articles cannot be viewed as individual investment advice. The Forex market is fluid, and each trading opportunity and trader are unique. Our advice is tailored to the given situation expressed in the article, and our team is not able to give individualised legal, tax or investment advice to our visitors.

We Are Proudly Reader Support – Affiliate Disclosure

For us to keep the lights on, and our staff paid, we have needed to find a way to make an income from this website.  In the case that you click on any links to visit a broker, we may receive a commission from the partner, through something called an affiliate program.  The size of the commission in no way affects the editorial process, and our reviews can no be bought.  We pride ourselves on our transparency and the quality of our comparisons.  We appreciate your support by using our links to sign up with brokers.

Members of the Global Legal Entity Identifier Foundation (GLEIF)

FX Australia, as a brand of Schlossbrink AB, is a full LEI Member.  As a part of an international financial community, we have a shared belief in the transparency of trades and increased efficiency in the international trading system. LEI benefits for the wider business community. There should only be one identity behind a business and the Global LEI Index is the only source of information that brings efficiency, transparency, and trust to legal entity identification. The Schlossbrink AB LEI Membership number is 254900LUG07G07A31U72 and can be verified in the Global LEI Index

Regulators We Work With

Regulation is the essential quality of a Forex Broker.  Regulation means that standards and practices are strictly reviewed.  Regulation gives traders more peace of mind that the environment in which they trade is responsible, controlled and audited.  The regulation we require to be listed on this website is any of the below, and we much prefer two or more regulators for a single broker and consider ASIC regulation an additional plus.

  • ASIC – Australia
  • CySEC – Europe
  • FCA – United Kingdom
  • FSB – South Africa

How we review brokers we feature

While we have used every broker we promote and we do have our favourites, we will never choose a broker for you.  We have given both pros and cons for each of the brokers we present, and we have a more detailed breakdown of how we score them.  This way you can find the best broker for your needs. When we review brokers, we are looking at the following factors in more detail.

  • We only list brokers who are regulated by one of the major regulators above, and we actively request brokers that we do feature to become members of the ASIC.  These regulations make your trading more secure.
  • For the interest of transparency to our visitors, it is essential to understand the broker is a Dealing Desk or Non-Dealing Desk broker.  The broker’s business model makes a difference in how the broker makes money and also makes clear where a conflict of interest can occur.
  • We appreciate brokers who offer micro-accounts to beginner traders that require a low minimum deposit so that traders only need to risk what they feel is acceptable.
  • We prefer to list brokers that offer premium services to our visitors, in addition to the free educational materials that a trader would need to get started – and that sometimes includes making a phone call to clear up any questions.
  • We like to review the details of forex trading brokers.  These are things like the types Of Forex market orders available, the trading costs, and try to identify those with a more extensive range of currency pairs available to trade.

We have worked for many years in the industry, and we are well connected with the brokers and the reputations of the brokers in the community.  We believe that a forex trading experience should be safe, and fun.

Risk Warning

Every website that is about trading and this one is no exception, has a social responsibility to state that trading does come with significant risk.  Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital.  Simply put, do not risk money you’re not prepared to lose and know that your past performance does not guarantee future results.  Find our full risk disclosure statement here.

Where we are:

Where we are - Schlossbrink

Contact Us

Please write to us if you want to ask questions or give input using the email below.  We like to hear from our readers.  For press inquiries, please set up a time in advance, and we are happy to comment. If you are interested in a partnership, you can also write us at [email protected] where you can introduce your broker fully and transparently.  Don’t write to us from your Gmail address or it will be ignored.  In your email, please detail your regulatory status and explain why you believe you can offer something unique to the readers of our websites.

  • Antonio Fernandez says:

    Good afternoon,
    I am a small Spanish investor who has received a proposal from an Australian broker to manage my modest savings.
    I have tried to check the background of this broker and have hardly found anything except that you have authorization to operate in the Asic registry.
    On this website of yours (https://fx-australia.com/state-of-the-forex-market/) I have located this list of best qualified brokers, but this entity does not appear in it.
    I would like if you could tell me something about it and if for some reason you did not take it into account for your rating in this list.
    Thanking you in advance for your help and sincerely
    Antonio Fernández Durán

    • Chris Cammack says:

      Hi Antonio, thanks for getting in touch. I have never heard of RedFordFX and looking over their website I am immediately suspicious. They are incredibly non-transparent for a Forex broker. They do not publish their trading conditions, account details, execution methods or deposit and withdrawal conditions. I do not see any kind of regulation listed on their website, despite the fact that the claim to be based in Sydney. The review I read here: https://uk.trustpilot.com/review/redfordfx.com further increases my suspicions, as it seems that they are not based in Australia at all. I would NOT place money with this “broker” and I would recommend you steer well clear of them. Furthermore, it is illegal for a company to trade on your behalf without the correct licence. If you are thinking of getting started in Forex trading, I would look through our education section first, and then choose a broker from our list of the best broker in Australia here: https://fx-australia.com/forex-brokers-australia/. Always remember to use a demo account at first and never spend more money than you are comfortable with losing.

  • Geoff McLean says:

    Is Norman Capital Group, http://www.normancapitalgroup.com legitimate? Jim Young and Kevin Goldman ? They provided an ASIC registration number 145 225 109 which is for Norman Capital Pty Ltd.

    • Chris Cammack says:

      Hi Geoff, we had not heard of Norman Capital Group before and from a brief investigation, we can confidently say they are running a scam. They are NOT affiliated in any way with the ASIC-regulated Norman Capital Pty Ltd. Please steer clear, we do hope you have not placed a deposit with them. If you are interested in trading Forex with a legitimate broker, please have a look at our list of the best brokers in Australia here: https://fx-australia.com/forex-brokers-australia/

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    Trading Forex and CFDs is not suitable for all investors and comes with a high risk of losing money rapidly due to leverage. 75-90% of retail investors lose money trading these products. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.