List of ASIC Regulated Australian Forex Brokers

Australian forex brokers are known to be favored by many traders around the world, especially in Asia. These brokers have solid regulations under the auspices of the Australia Securities and Investments Commission (ASIC), customer service operations according to Asian working hours, and deposits in AUD currencies in addition to USD.

Being regulated by ASIC indicates that the broker is not a scam, makes efforts to protect client funds, and has verified existence. In this case, the regulatory guarantees provided by ASIC are somewhat similar to the US or UK regulations which are considered more bona fide.

Trading Conditions Under ASIC Regulations

ASIC once allowed leverage of up to 1:500 (much higher than the US which limits it to a maximum of 1:50), but this rule has changed since 2021. To mitigate the high risk of losses due to high leverage, ASIC adjusted the maximum leverage limit to 1:30 only.

However, this regulator still allows micro lots of 0.01. Over time, ASIC-regulated forex brokers have become popular with Asian traders. As such, a number of world-class forex brokers have chosen the Australian region as a center for the expansion in the Asian market.

Here is a list of ASIC-regulated forex brokers that are known globally:

• IC Markets
• AvaTrade
• Pepperstone
• ThinkMarkets
• XM
• FBS
• easyMarkets
• Vantage
• FP Markets
• FXOpen
• Eightcap
• Axi
• FXCM
• Global Prime Forex
• GO Markets
• IG Markets
• Phillip Capital
• BAXTER-FX
• Charterprime
• CLM Forex
• Invast Global
• RFXT
• Rubix FX

Disclaimer: This list was updated on March 12, 2024 and may not actually include all ASIC-regulated forex brokers. To find the latest information about ASIC forex brokers, you can search on Google with the keywords "ASIC regulated brokers".

The list of ASIC-licensed forex brokers continues to expand and may not yet completely include all Australian forex brokers registered with the body. It is also possible that some of them will experience a change of status in the future. For this reason, if you want to check the regulatory status of a forex broker, it is a good idea to check directly via ASIC Connect by entering the name of the company that houses the forex broker in the Search column provided.

Other Rules You Need to Pay Attention to

Even though most ASIC-regulated forex brokers accept e-payments for deposits, traders may not be able to use the same feature to withdraw funds. To be able to withdraw funds, the most popular method in Australian forex brokers is bank wire.

Additionally, they usually require clients to verify their accounts by uploading personal identification documents before making a withdrawal. This is not intended to complicate the process, but rather because of Australia's strict Anti Money Laundering (AML) regulations to ensure the security of trader funds. Other world regulatory bodies are also known to implement similar policies for forex brokers under their auspices.