The best ASIC regulated Forex brokers

The Australian Securities and Investments Commission, commonly known as ASIC, is an independent government body responsible for overseeing and regulating financial services and products in Australia, including Forex trading. As a reputable and reliable regulator, ASIC plays a crucial role in promoting fair and transparent financial markets while safeguarding consumers and maintaining a healthy financial system within Australia. Consequently, Forex brokers under ASIC's jurisdiction are considered more trustworthy and transparent. To ensure the safety of our readers, we have carefully curated a list of the best ASIC regulated Forex brokers below. These brokers adhere to the laws and guidelines set forth by ASIC, offering an added layer of safety and security to traders.
9.90
MT4MT5Deposit bonusCopy tradingECNHigh leveragePAMMSignals
Regulations
ASIC, CySEC, DFSA +2 more
Platforms
MT4, MT5
9.72
MT4MT5Deposit bonusCopy tradingECNHigh leveragePAMMSignals
Regulations
ASIC, CySEC, DFSA +2 more
Platforms
MT4, MT5
9.36
AvaTrade read review
MT4MT5Deposit bonusCopy tradingECNHigh leveragePAMMSTP
Regulations
ASIC, CySEC, DFSA +2 more
Platforms
MT4, MT5
9.00
MT4MT5Deposit bonusCopy tradingECNHigh leveragePAMMSignalsSTP
Regulations
ASIC, CySEC, FSCA +2 more
Platforms
MT4, MT5
8.82
Fortrade read review
MT4No deposit bonusCopy tradingPAMMSignals
Regulations
ASIC, CySEC, FCA UK +2 more
Platforms
MT4, Custom
8.64
Pepperstone read review
MT4MT5cTraderCopy tradingECNPAMMSignals
Regulations
ASIC, BaFin, CMA +4 more
Platforms
MT4, MT5, TradingView +1 more
8.10
easyMarkets read review
MT4MT5Copy tradingHigh leverage
Regulations
ASIC, CySEC, FSA Seychelles +1 more
Platforms
MT4, MT5, TradingView +1 more
7.74
VT Markets read review
MT4MT5Deposit bonusCopy tradingECNHigh leveragePAMMSignalsSTP
Regulations
ASIC, FSA St. V, FSCA
Platforms
MT4, MT5
7.39
MT4MT5Copy tradingECNHigh leveragePAMMSTP
Regulations
ASIC, CMA, FSA Seychelles +1 more
Platforms
MT4, MT5
5.23
Vantage read review
MT4MT5Deposit bonusCopy tradingECNHigh leveragePAMMSignalsSTP
Regulations
ASIC, FSCA, VFSC
Platforms
MT4, MT5
Forex brokers operating in Australia are required to obtain an Australian Financial Services (AFS) license from ASIC. To protect retail clients, ASIC has implemented a leverage policy, capping leverage for major currency pairs at 1:30, 1:20 for minor pairs, and 1:10 for exotic pairs. This measure helps mitigate potential risks associated with trading different assets, ensuring traders are not exposed to undue vulnerabilities. Furthermore, ASIC-regulated brokers offer an advantageous leverage structure, with commodities and indices capped at 1:20, stocks at 1:5, and cryptos at 1:2. These limits promote a healthy trading environment and necessitate traders to maintain larger capital, enhancing overall profitability and risk management. In the event of an ASIC-regulated Forex broker's insolvency, eligible investors and traders can receive compensation of up to AUD 250,000, providing an additional layer of protection to market participants. To wrap things up, the best ASIC regulated Forex brokers offer traders transparency, security, reasonable leverage, and adequate compensation in case of adverse events. With its stringent and fair laws and regulations, ASIC remains one of the world's leading overseeing bodies, ensuring the integrity and stability of Australia's financial markets.

FAQs about ASIC

What is ASIC in forex trading?

ASIC in forex trading is the Australian Securities and Investments Commission, an independent government body responsible for regulating and supervising financial services, including forex brokers in Australia.

Is ASIC a reliable regulator?

Yes, ASIC is considered one of the best Forex regulators in the industry, promoting transparency and security for Forex brokers operating in Australia.

What are the maximum leverage and compensation set by ASIC?

ASIC sets maximum leverage limits for retail clients, ranging from 1:30 for major currency pairs to 1:2 for cryptocurrencies. The compensation for eligible investors in case of broker insolvency can be up to AUD 250,000.