Are you looking for the best Forex brokers that are regulated by Australia's ASIC to make sure you are getting the very best trading conditions and your trading funds are safe?
You are in the right place!
In this post we go through the best Forex brokers that are regulated by ASIC in Australia.
These brokers all have different features and you will be able to find a broker to suit you depending on whether you need a broker with a small minimum deposit, a broker with a mobile trading platform or Metatrader or a broker that has top of the line customer support.
Compare Forex Brokers Fees:
Use our side-by-side comparison table to compare Forex broker accounts, spreads and fees.
Best ASIC Regulated Forex Brokers
eToro
| eToro | Regulation | Min Deposit | Platform | Open an Account | |
 |
ASIC, FCA + Others | $50 | eToro Platform | Trade Now |
Pros:
- Easy to use trading platform.
- Smaller minimum deposit.
- Very large range of countries accepted.
- Quick and easy to open an account.
- Fast and helpful customer support.
Cons:
- Educational resources not as great as others.
- Only have their own platform and no Metatrader.
eToro is the world's leading social trading platform where you can both trading yourself and copy other professional traders.
eToro have a huge range of products and the main reason they have become so popular is because of their copy trading feature. This feature allows you to make consistent profits without having to make any trades yourself.
Using their in-depth statistics you can find the most profitable traders and start following them. You will then be copying their trades and making profits on the same trades.
eToro offer their own trading platform that is very easy to use on both desktop and mobile and allows you to quickly and easily make and manage your trades. The platform lets you quickly see your risk and the exact amounts you will make or potentially lose.
eToro accepts traders from all over the world and since 2018 they have also started accepting US traders which is a huge plus for all the US traders looking for a good broker with strong regulation.
Your capital is at risk.
Plus500
| Plus500 | Regulation | Min Deposit | Platform | Open an Account | |
 |
ASIC, FCA + Others | $100 | Plus500 Platform | Trade Now |
Pros:
- Easy to use trading platform.
- Smaller minimum deposit.
- Quick and easy to open an account.
- Fast and helpful customer support.
Cons:
- Some countries not accepted.
- Educational resources not as great as others.
Plus500 is a market maker broker that offers their own trading platform that is very easy to use.
This broker offers trading on pretty much every market you could think of. If you cannot find what you are looking for on another broker, then Plus500 is probably for you. After signing up you get access to everything from Forex through to options and even ETF trading.
Plus500 offers large leverage, very small spreads and no commission trading making it a very good options for many different types of trading strategies.
Your capital is at risk.
IC Markets
| IC Markets | Regulation | Min Deposit | Platform | Open an Account | |
 |
ASIC, CySec. | $200 | MT4, MT5 and cTrader | Trade Now |
Pros:
- No withdrawal or deposit fees.
- Low trading costs.
- High leverage.
Cons:
- No protection EU traders.
- Live chat at times can be slow.
IC Markets is also an Australian based broker that is regulated by ASIC.
This broker has been around a long time and is now one of the biggest brokers in the world.
IC markets has a huge offering that caters to all types of traders. You have the ability to use any indicators or EA's you like as well as use strategies like scalping.
You can use many different platforms such as MT4, MT5 and cTrader that are available on both desktop and mobile devices.
Your capital is at risk.
FXCM
| FXCM | Regulation | Min Deposit | Platform | Open an Account | |
 |
FCA, ASIC + others. | $300 | Trading Station, MT4 and NinjaTrader | Trade Now |
Pros:
- Very good education available.
- Easy to quickly open an account.
- Multiple account types available.
- Low spreads.
Cons:
- Not as many markets as others.
- Higher minimum deposit.
FXCM is a leading global broker that has been offering it's services since 1999.
FXCM has a huge range of trading services that include foreign exchange (FX) trading, CFD trading and spread betting. With FXCM you have access to multiple trading platforms, tools and premium resources to help you gain an edge over the markets.
One of the reasons so many choose to trade with FXCM is because of their extensive range of markets you can trade. You get access to everything from Forex, shares, cryptocurrencies, commodities and indices.
Your capital is at risk.
Pepperstone
| Regulation | Min Deposit | Platform | Open an Account | ||
 |
ASIC, FCA + Others | $200 | MT4, MT5 and cTrader | Trade Now |
Pros:
- It is regulated by ASIC and FCA.
- Offers various trading platforms.
- Low FX, equity, and indices fees.
- Excellent customer service.
- Free deposit and withdrawal.
Cons:
- No investor protection for non-EU traders.
- No fundamental data analysis.
Pepperstone is an Australian based broker and is widely regarded as one of the best Forex brokers in the world.
With Pepperstone you have the ability to trade on Forex, gold, indices, equities, and more. One of the biggest benefits to Pepperstone is the availability of not just MT5, but also other different trading platforms. You can choose any of the MT4, MT5, and cTrader that come on desktop, mobile and web trading.
Pepperstone offer very comprehensive education and analysis that ranges from market news, analysis, an economic calendar, guides, webinars, and more.
Another large benefit to Pepperstone is their small trading costs. Pepperstone offer very small spreads and charge low commissions per round trade.
Your capital is at risk.
Who is ASIC?
The Australian Securities and Investments Commission (ASIC) is an independent commission of the Australian Government tasked as the national corporate regulator.
ASIC's role is to regulate company and financial services and enforce laws to protect Australian consumers, investors and creditors.
ASIC is known as one of the most powerful corporate watch dogs in the world and for cracking down hard on Forex brokers when they step out of line.
Why Would You Want an ASIC Regulated Broker?
Some of the safest broker in the world with the strongest regulations are ASIC brokers.
This makes your trading capital safe and gives you very good trading conditions.
Trading with a ASIC registered Forex broker will give you peace of mind that not only is your capital safe, but if something does go wrong with your broker, then you have a complaint process in place to sort out any issues.
ASIC has a long history of keeping Forex brokers inline and making sure they play by the rules.
How You Can Check the ASIC Register
If you want to see if a broker is registered with ASIC you can find the register at this link here.
Following that link and using that register will allow you to search and make sure that the broker you are looking to trade with is correctly registered with ASIC.
How to Make a Complaint to ASIC
If you believe there has been misconduct by your Forex broker, its directors or officers, then you can make a complaint with ASIC.
The steps are laid out for you in detail to follow in ASIC's website and you can find them and complete your complain at this link here.
FAQ's
Who are ASIC?
The Australian Securities and Investments Commission (ASIC) is an independent commission of the Australian Government tasked as the national corporate regulator. ASIC's role is to regulate company and financial services and enforce laws to protect Australian consumers, investors and creditors.
Where can I find the ASIC register?
If you want to see if a broker is registered with ASIC you can find the register at this link here; https://asic.gov.au/online-services/search-asics-registers/
How to make a complaint to ASIC?
If you believe there has been misconduct by your Forex broker, its directors or officers, then you can make a complaint with ASIC. Follow the steps laid out here; https://asic.gov.au/about-asic/contact-us/how-to-complain/
Leave a Reply