The best ASIC regulated Forex brokers

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.