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The Australian Securities and Investments Commission or ASIC is an independent commission tasked as the national corporate regulator of the Australian Government . ASIC regulates company and financial services in order to protect Australian consumers, investors and creditors.
The Australian Securities & Investments Commission (ASIC) offers one of the highest levels of regulatory oversight available globally.
Leverage: 1:30 to 1:888 *Depends on the entity of the group
Regulation: CySEC, ASIC, IFSC
Min. Deposit: US$5
HQ: Cyprus, Australia, Belize
Platforms: MT4, MT5, XM WebTrader
Founded in: 2009
XM operates with clients from over 196 countries and offers support in 30 languages. The main branch is located in Cyprus and the company is regulated by CySEC. 1.5 Million Traders and investors have chosen XM as their Forex Broker, largely accredited to their wide range of trading products on offer. Four main account types are on offer – Micro, Standard, XM Ultra Low Account and Shares Accounts. Traders can select the base currency of their preference from a large selection on offer, including South African Rand (ZAR), Singapore Dollar (SGD) and other global currencies.
Customer Support is available via live chat, email and phone.
FXTM is a Forex and CFDs Broker which was established in 2011. FXTM is highly regulated by the FSC of The Republic of Mauritius, the FCA of the UK, CySEC, ASIC and the FSCA of South Africa.
Standard and ECN Accounts are available with several subtypes. Under the Standard account, they offer the Standard, Cent and Shares Account types. ECN account sub-types are the ECN Zero account, FXTM Pro account and the ECN account. ECN accounts can be traded on MT4 and MT5. FXTM offers Local NGN Funding, through bank wire transfer or Neteller with a minimum deposit of $100 for a standard forex account. This allows traders to start trading a range of currency markets while lowering the exchange costs when moving NGN currency to a standard base currency.
Customer support is available in 17 Languages via Live Chat, Phone, Telegram, Facebook and Twitter.
EasyMarkets is one of the most popular choices for Beginner traders and traders:
EasyMarkets is regulated by CSEC (Cyprus) and ASIC (Australia) respectively.
EasyMarkets offers traders three key risk management tools which are ideal to those new to currency trading:
Standard, Premium, VIP and SuperVIP accounts are available, their minimum opening deposits are $100, $1 000, $2 500, $50 000 respectively. A demo account is also on offer. The available trading platforms on offer are the ever popular MT4 and the EasyMarkets web platform.
Customer Support is available 24/5 via various chat channels, email, phone and web forms.
AvaTrade is an online broker which was founded in 2006 offering Forex trading, CFDs trading, Spread Betting trading, and Social Trading.
Across all markets, MetaTrader 4 gives traders access to over 250 assets, 30 advanced charting tools, trading history, and other useful information. Customer support is available by email, phone, or live chat.
Pepperstone was founded in 2010 and is regulated by the Australian Securities and Investments Commission (ASIC), as well as the UK’s Financial Conduct Authority (FCA).
Pepperstone offers traders a variety of trading accounts to choose from including Razor, Standard and Swap-Free.
All three Forex trading platforms come with a free demo account which will allow traders to test out the forex broker and platform for up to 30 days.
A range of options for depositing funds are available, including: Bank wire transfer, MasterCard, Visa credit card, PayPal, Neteller, Skrill and QIWI.
Pepperstone offers 24/5 multiple language support via email, phone and live chat.
IC Markets is an Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) and Seychelles Financial Services Authority (FSA) regulated Forex ECN and CFD broker which offers more than 236+ financial instruments across Forex, Commodities, Indices, Bonds, Cryptocurrency, Stocks and Futures on the MetaTrader 4, MetaTrader 5 and cTrader platforms for desktop, web and mobile.
IC Markets offers traders three main types of live trading accounts to choose from, including Raw Spread (cTrader), Raw Spread (MetaTrader) and a Standard Account (MetaTrader). Islamic swap-free accounts and the use of a free demo trading account is also on offer.
Customer support is available 24/7 via Live Chat, Phone and Email.
Leverage: 1:500
Regulation: ASIC, CySEC
HQ: Australia
Platforms: IRESS, MT4, MT5
Found in: 2005
The FP Markets was established in 2005 and serves over 12,000 clients across the globe. FP Markets connects traders to the market through electronic bridges and DMA pricing models. FP Markets offers traders access to trade 13,000+ products ranging from Forex, Indices, Commodities, Metals, Bitcoin, Cryptocurrencies, Equity CFDs.
Traders can choose between the MT4, MT5 and IRESS platforms as well as MAM and PAMM account possibilities for money managers.
FP Markets offer two account types with STP and ECN execution models available through MT4 or MT5 platforms. FP Markets also offers three IRESS account types which covers traders who prefer to use this particular software.
Customer Service is available 24/5 via Live Chat.
GO Markets is an Australian forex broker and CFD provider licensed and regulated by the Australian Securities and Investment Commission (ASIC).
GO Markets offers multi-lingual customer support via Phone, Email and Live Chat – 24/5.
Leverage: 1:5
Regulation: IFSC, FSCA (south africa), ASIC, CySEC
Commission on opening positions: 0.05%
Commission on closing positions: 0.05%
In operation since 2009, FBS is a well-regulated and reputable ECN and STP broker which is headquartered in Belize. There are traders from 190 countries who have registered a trading account with FBS, making use of its competitive trading conditions to trade more than 75 financial instruments in global markets.
City Index is a leading broker for forex, CFDs and spread betting regulated by the Financial Conduct Authority (FCA), the UASE Central Bank, the Monetary Authority of Singapore (MAS) and the Australian Securities and Investments Commission (ASIC).
Customer Support is made available via Phone and Email – 24/5.
FXOpen is a FX & CFD broker regulated by the Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC).
Customer Support is available via Email, Help Centre, Phone and Live Chat.
ASIC promotes confidence and trust by publishing resources and guidelines, ensuring that all broker funds are kept safe in segregated accounts and by handling all disputes between their traders and regulated brokers with known efficiency and fairness. All ASIC brokers are considered as safe due to the strict regulatory environment in which they operate.
And last but not least, the “Best” list would not be complete without the addition of the following ASIC Regulated Forex Brokers:
Oanda is a forex and index/commodity CFD broker regulated by the Commodity Futures Trading Commission (CFTC), Investment Industry Regulatory Organization (IIROC), Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Monetary Authority of Singapore (MAS) and the Financial Services Agency (FSA).
Customer Support is made available 24/7 via phone and email.
Admiral Markets is leading Forex and CFD broker regulated by the UK Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC).
Customer Support is available via Email, Phone, Live Chat and Feedback Form.
eToro is a leading social trading platform designed for trading major financial markets including stocks, forex and cryptocurrencies. eToro is well regulated by the FCA, CySEC and ASIC. eToro only offers one account type with over 1,083 different instruments to trade, including over 47 currency pairs. The minimum deposit for said account will differ by country. eToro offers traders a proprietary trading platform which allows both individual and social trading.
eToro supports a wide range of languages including English, German, Spanish, French, and Italian via phone and support ticket.
IG is a leading CFD Broker which is regulated by multiple regulatory bodies globally.
Customer Support is made available via Phone, email and social media channels.
AxiTrader is a Forex and CFD Broker regulated by the FCA. The Australian operation is regulated by ASIC.
Customer Support is made available via Live Chat, Phone and Email.
Vantage FX is a Raw ECN Forex broker, regulated by ASIC is Australia.
Customer Support is made available via phone, email and live chat.
TMGM, or Trademax Global Markets, is an Australia-based global forex broker regulated by the Australian Securities and Investment Commission (ASIC) and the Vanuatu Financial Services Commission (VFSC).
Tradeable assets include: Over 15,000+ financial CFD instruments covering Forex, Metals, Energies, Cryptocurrencies, Commodities, Indices and Shares.
Customer Support is available 24/5 in multiple languages via Live Chat, Email and Phone.
Saxo Bank is a ASIC, FSA and FCA regulated Broker which offers CFD, Stocks and Forex trading on 35,000+ markets via the SaxoTrader Pro and SaxoTrader Go platforms.
Customer Support is made available via Phone, Fax and Email.
FXCM is a ASIC and FCA regulated, London based broker.
Customer Support is made available via Phone, Email and Live Chat respectively.
CMC Markets is a leading online financial trading company regulated in the UK, Germany, Canada and by Australia’s (ASIC).
Customer Support is made available via Phone, Live Chat and Email Respectively.
The first and foremost characteristic of a good broker is a high level of security. With hundreds of Forex brokers to choose from, selecting the right one can be both challenging and time consuming. A license from a regulatory body is of the highest importance as it serves as an insurance against potential fraud issues. ASIC Forex brokers have rapidly become one of the most popular choices amongst traders thanks to their high level of security. Traders should take their time when looking for a forex broker as a bad decision can be a costly one. Top brokers will offer their users robust resources, low trading costs and secure access to the worldwide interbank system. Trustworthy, Reputable and Regulated Forex Brokers will handle their money with care, even if an account is opened with a small amount.
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