Top ASIC Regulated Brokers

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Total 13 | Sort by :
Trading Experience
Trading Conditions
Account Types
Trading Platforms
Regulators
Minimum Deposit
USD 50
TRADING INSTRUMENTS
  • Cryptocurrencies
  • Forex
  • Indicies
  • Metals
  • Equities
  • Bonds
  • WTIs
TYPE OF BROKER

Market Maker/STP

REGULATED BY
TRADING PLATFORMS
  • MetaTrader4
  • WebTrader
  • NinjaTrader
DEPOSIT METHODS
    Skrill, Neteller
Trading Conditions
  • Max. Leverage : 400:1
  • Min. Spread : Variable pips
  • Currency Pairs : 39
Account Spread From Commission Execution Min. Deposit
Standard 1.3 pips None STP USD 50 Account Details
Active Trader Not Published pips Yes STP USD 25000 Account Details
Minimum Deposit
USD 100
TRADING INSTRUMENTS
  • Commodities
  • Cryptocurrencies
  • Forex
  • Indicies
  • Metals
  • Bonds
TYPE OF BROKER

Pure ECN

REGULATED BY
TRADING PLATFORMS
  • MetaTrader4
  • MetaTrader5
  • WebTrader
  • IRESS
DEPOSIT METHODS
    Bank Transfer, Visa, Mastercard, Skrill, Neteller, Fasapay, BPay, PaySec, POLi
Trading Conditions
  • Max. Leverage : 500:1
  • Min. Spread : 0.1 pips
  • Currency Pairs : 50+
Account Spread From Commission Execution Min. Deposit
Standard 1.0 pips None STP USD 100 Account Details
ECN RAW 0.0 pips $3.50 ECN USD 200 Account Details
Minimum Deposit
USD 100
TRADING INSTRUMENTS
  • Commodities
  • Cryptocurrencies
  • Forex
  • Indicies
  • Equities
  • ETFs
TYPE OF BROKER

Market Maker

REGULATED BY
TRADING PLATFORMS
  • MetaTrader4
  • WebTrader
DEPOSIT METHODS
    POLi, Visa, Mastercard, Skrill, Neteller, Paypal, Bank Transfer
Trading Conditions
  • Max. Leverage : 400:1
  • Min. Spread : 0.7 pips
  • Currency Pairs : 50+
Account Spread From Commission Execution Min. Deposit
Islamic 1.3 pips None Instant USD 100 Account Details
Professional 1.3 pips None Instant USD 100 Account Details
Retail 1.3 pips None Instant USD 100 Account Details
Minimum Deposit
USD 5
TRADING INSTRUMENTS
  • Commodities
  • Cryptocurrencies
  • Forex
  • Indicies
  • Metals
  • Equities
  • Energies
TYPE OF BROKER

Market Maker

REGULATED BY
TRADING PLATFORMS
  • MetaTrader4
  • MetaTrader5
  • WebTrader
DEPOSIT METHODS
    Bank Transfer, Sofort Banking, Visa, Mastercard, Maestro, Skrill, Neteller, Bitcoin, Unionpay
Trading Conditions
  • Max. Leverage : 500:1
  • Min. Spread : 1.0 pips
  • Currency Pairs : 55+
Account Spread From Commission Execution Min. Deposit
Micro 1.0 pips None Instant USD 5 Account Details
Standard 1.0 pips None Instant USD 5 Account Details
XM Ultra Low 0.6 pips None Instant USD 50 Account Details
XM Zero 0.6 pips None Instant USD 100 Account Details
Minimum Deposit
USD 200
TRADING INSTRUMENTS
  • Commodities
  • Cryptocurrencies
  • Forex
  • Indicies
  • Equities
  • Bonds
  • Futures
TYPE OF BROKER

True ECN

REGULATED BY
TRADING PLATFORMS
  • MetaTrader4
  • MetaTrader5
  • WebTrader
  • cTrader
DEPOSIT METHODS
    Bank Transfer, Visa, Mastercard, Skrill, Neteller, Paypal, Unionpay
Trading Conditions
  • Max. Leverage : 500:1
  • Min. Spread : 0.1 pips
  • Currency Pairs : 60
Account Spread From Commission Execution Min. Deposit
Standard - MetaTrader 1.0 pips None Market USD 200 Account Details
True ECN - cTrader 0.0 pips $3.00 Market USD 200 Account Details
True ECN - MetaTrader 0.0 pips $3.50 Market USD 200 Account Details
Minimum Deposit
USD 100
TRADING INSTRUMENTS
  • Commodities
  • Cryptocurrencies
  • Forex
  • Metals
  • Equities
  • Energies
  • ETFs
  • Bonds
  • Blends
TYPE OF BROKER

Market Maker

REGULATED BY
TRADING PLATFORMS
  • MetaTrader4
  • MetaTrader5
  • WebTrader
DEPOSIT METHODS
    Bank Transfer, Visa, Mastercard, Maestro, Skrill, Neteller, Paypal
Trading Conditions
  • Max. Leverage : 300:1
  • Min. Spread : 0.9 pips
  • Currency Pairs : 50+
Account Spread From Commission Execution Min. Deposit
LIve 0.9 pips None Market ZAR 1000 Account Details
Minimum Deposit
USD 100
TRADING INSTRUMENTS
  • Cryptocurrencies
  • Forex
  • Indicies
  • Metals
  • Equities
  • Bonds
  • WTIs
TYPE OF BROKER

ECN/STP

REGULATED BY
TRADING PLATFORMS
  • MetaTrader4
  • MetaTrader5
  • WebTrader
  • MetaTraderSupremeEdition
DEPOSIT METHODS
    Bank Transfer, Visa, Mastercard, Skrill, Neteller
Trading Conditions
  • Max. Leverage : 500:1
  • Min. Spread : 0.1 pips
  • Currency Pairs : 40+
Account Spread From Commission Execution Min. Deposit
Admiral.Markets 0.5 pips None Market USD 200 Account Details
Admiral.MT5 0.5 pips None Market USD 200 Account Details
Admiral.Prime 0.0 pips $1.8 → $3.0 Market USD 200 Account Details
Minimum Deposit
USD 50
TRADING INSTRUMENTS
  • Commodities
  • Cryptocurrencies
  • Forex
  • Indicies
  • Equities
TYPE OF BROKER

Market Maker

REGULATED BY
TRADING PLATFORMS
  • Proprietary
DEPOSIT METHODS
    Bank Transfer, Skrill, Paypal
Trading Conditions
  • Max. Leverage : 400:1
  • Min. Spread : 1.0 pips
  • Currency Pairs : 47
Account Spread From Commission Execution Min. Deposit
Professional 1 pip pips None Market EUR 200 Account Details
Standard 1 pip pips None Market USD 200 Account Details
Minimum Deposit
USD 50
TRADING INSTRUMENTS
  • Commodities
  • Cryptocurrencies
  • Forex
  • Indicies
  • Metals
  • Bonds
  • Interest Rates
TYPE OF BROKER

Market Maker

REGULATED BY
TRADING PLATFORMS
  • MetaTrader4
  • WebTrader
  • ATPro
DEPOSIT METHODS
    PayID, Bank Transfer, Visa, Mastercard, BPay
Trading Conditions
  • Max. Leverage : 500:1
  • Min. Spread : 0.7 pips
  • Currency Pairs : 84+
Account Spread From Commission Execution Min. Deposit
Professional 0.5 pips None Instant USD 200 Account Details
Standard 0.5 pips None Instant USD 200 Account Details
Minimum Deposit
USD 5
TRADING INSTRUMENTS
  • Cryptocurrencies
  • Forex
  • Indicies
  • Metals
  • Equities
  • Bonds
  • WTIs
TYPE OF BROKER

Market Maker

REGULATED BY
TRADING PLATFORMS
  • MetaTrader4
  • Proprietary
DEPOSIT METHODS
    Bank Transfer, Visa, Mastercard, Paypal, BPay, POLi
Trading Conditions
  • Max. Leverage : 500:1
  • Min. Spread : 0.7 pips
  • Currency Pairs : 330
Account Spread From Commission Execution Min. Deposit
CFD Account 0.7 pips None Instant USD 5 Account Details
Minimum Deposit
USD 100
TRADING INSTRUMENTS
  • Commodities
  • Cryptocurrencies
  • Forex
  • Indicies
  • Metals
  • Vanilla Options
TYPE OF BROKER

Market Maker

REGULATED BY
TRADING PLATFORMS
  • MetaTrader4
  • WebTrader
DEPOSIT METHODS
    Bank Transfer, Sofort Banking, Visa, Mastercard, Maestro, Skrill, Neteller, Astropay
Trading Conditions
  • Max. Leverage : 400:1
  • Min. Spread : 1.8 pips
  • Currency Pairs : 97
Account Spread From Commission Execution Min. Deposit
Islamic 3 pips None Instant USD 100 Account Details
Standard 3 pips None Instant EUR 100 Account Details
Premium 2.5 pips None Instant USD 1000 Account Details
VIP 1.8 pips None Instant USD 2500 Account Details
Super VIP 1.2 pips None Instant USD 50000 Account Details
Minimum Deposit
USD 100
TRADING INSTRUMENTS
TYPE OF BROKER

Market Maker

REGULATED BY
TRADING PLATFORMS
  • Proprietary
DEPOSIT METHODS
    Bank Transfer, Visa, Mastercard, Skrill, Paypal
Trading Conditions
  • Max. Leverage : 300:1
  • Min. Spread : Variable pips
  • Currency Pairs :
Account Spread From Commission Execution Min. Deposit
Standard 0.0 pips None Instant USD 100 Account Details
Minimum Deposit
USD 200
TRADING INSTRUMENTS
  • Cryptocurrencies
  • Forex
  • Indicies
  • Metals
  • Equities
  • WTIs
TYPE OF BROKER

ECN

REGULATED BY
TRADING PLATFORMS
  • MetaTrader4
  • MetaTrader5
  • WebTrader
DEPOSIT METHODS
    Bank Transfer, Visa, Mastercard, Skrill, Neteller, Fasapay, BPay, POLi
Trading Conditions
  • Max. Leverage : 500:1
  • Min. Spread : 0.2 pips
  • Currency Pairs : 50+
Account Spread From Commission Execution Min. Deposit
Standard 1.0 pips None Market USD 200 Account Details
GoPlus+ 0.0 pips $3.00 Market USD 500 Account Details

Changes in ASIC Regulation

The Australian Securities and Investments Commission (ASIC) released its annual report for the 2018/19 fiscal year on October 17th 2019 against the backdrop of its highly critical review of the CFD sector in August.

The August review of the Australian OTC retail derivative market found a huge increase in the number of traders since 2017 and an equally large increase in turnover at ASIC regulated brokers.

ASIC also published the data on complaints filed against CFD brokers over the same time period, and the results were shocking, to say the least.

From 2017-19 complaints received by ASIC had increased by 600%, a situation that ASIC has concluded is not sustainable in a sector where the majority of customers are known to lose money.

As a response to this damning set of data, and citing the 2018 tightening of regulation in Europe by ESMA, ASIC has laid out a new set of regulations for CFD brokers operating under its jurisdiction:

  • A complete ban on binary options
  • Varying leverage restrictions for all CFDs: 20:1 for forex and gold, 15:1 for stock indices, 10:1 for commodities (excluding gold), 2:1 for cryptocurrencies and 5:1 for equities and all other instruments.
  • A forced stop-out at 50% of the total initial margin of all open trades
  • Mandatory negative balance protection
  • A complete ban on all bonus schemes, promotions and other incentives to traders.
  • All brokers must place very visible and honest risk warnings showing the percentage of traders who lose money on their platform
  • All broker trading platforms must always display total position size and overnight funding costs related to open positions in real-time.
  • ASIC also stated that they expect all brokers to publish their pricing methods

Though these restrictions have not yet been made into law, ASIC made it very clear that they expect the new set of rules to be on the books within the next few months – this stance was further reinforced at the launch of the annual review, with ASIC stating that:

“We continue to respond to a high incidence of misconduct in the retail OTC derivatives sector, involving large client losses.”

ASIC has also warned Australian brokers away from working with offshore investors illegally, especially as regulators in China, Japan and Europe and North America have placed restrictions or bans on CFDs for retail investors. ASIC has also started working more closely with CFD brokers to ensure compliance with foreign laws and is actively engaged with multiple foreign regulatory bodies in this matter.

Overall, we can expect big changes in the Forex industry in Australia, and across the Asia-Pacific region, in the next few months. If you want to know more about how these changes might affect your trading, we recommend getting in touch with ASIC or your broker to discuss the options available to you.

About ASIC

ASIC’s Role In Forex Trading & Brokers

ASIC requires that all brokers obtain a valid Australian Financial Services License (AFSL) to be compliant with ASIC regulations.  These regulations include the Corporations Act (2001), and ensure that all laws are correctly applied according to the intention of the Government, and thus ensure the proper functioning of the markets.

The regulations also incorporate the guidelines outlined in the Insurance Contracts Act (1984) and the National Consumer Credit Protection Act (2009), all of which govern various aspects of any brokerage’s business model.

ASIC enforces regulatory compliance and grants traders the ability to seek redress for any infractions of the law by an ASIC registered company, regardless of their country of residence.  If you feel that a company of ASIC regulated service provider has committed fraud or criminal acts, contact ASIC to report the issue.

ASIC’s Origins

Proposed on July 1st, 1998 as a result of recommendations by the Wallis Inquiry, the modern ASIC organization was derived from the Australian Securities and Investments Commission Act of 2001, which forced an overhaul of the Australian Securities Commission (ASC) that was created seven years earlier, on January 1st, 1991 by the ASC Act of 1989.

The initial purpose of ASC was to include all of the corporate regulators in Australia together under one national umbrella – thus dissolving the National Companies, Securities Commission and Corporate Affairs offices that had existed in the states and territories.

When the ASC became ASIC on July 1st, 1998, the new organisation took on the responsibility for consumer protection in superannuation, insurance, and bank deposits.

Since ASIC’s foundation, additional responsibilities have been given to the organisation. In 2002, ASIC became responsible for overseeing all credit facilities, and in 2009 it assumed responsibility for regulating the Australian Stock Exchange (ASX).

How ASIC is Structured

ASIC has wide-ranging regulatory responsibilities and is broken down into different committees and areas of oversight.

  • The chair of ASIC reports to the commission along with an external advisory panel, which acts as an advisor to the commission.
  • Committees and advisory groups report into the chair on issues ranging from Operations and Strategy to Legal and Regional Commissioners.
  • ASIC is split into three main areas of responsibility, each with a deputy chair or commissioner accountable for each division. These divisions are Investors and Financial Consumers, Markets and Registry.

Key Responsibilities of ASIC

ASIC regulates most financial products on the Australian markets and the Australian Stock Exchanges (ASX).

ASIC’s areas of responsibility include:

  • Financial Services
  • Securities and Derivatives
  • Consumer Protection
  • Financial Literacy
  • Insurance
  • Corporate Governance

ASIC interfaces with the general public via its www.moneysmart.gov.au website which debuted on March 15th, 2011. The creation of MoneySmart integrated ASIC’s two previous consumer websites into one portal which acts as a single source of legal information for all ASIC regulated Forex brokers.

Summary

ASIC Regulated Forex brokers need to comply with strict oversight and processes in order to protect their customers and the financial markets overall.

While Australians are not limited to ASIC regulated brokers, it is highly recommended that a choice in broker includes one with the same regulatory stature to avoid brokers with dishonest practices and keep funds safe.

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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.