ASIC-regulated forex brokers are authorized by the Australian Securities and Investments Commission (ASIC) to provide their services in Australia.
Being ASIC-regulated is considered a “Stamp of Approval” as ASIC is known for strict regulatory guidelines and high reliability.
Best ASIC Regulated Brokers
Below are a few brokers regulated by ASIC and can boast thousands of five-star reviews from traders.
Kindly note that if your country of residence is not Australia, then you might be obligated to open an account with an entity regulated in another jurisdiction.
Pepperstone
Pepperstone is regulated by ASIC in addition to the FCA, DFSA, SCB, CMA, CySEC, and BaFIN.
They offer raw interbank spreads through MT4, MT5, cTrader, and TradingView.
In addition, you have access to top financial research and analysis combined with numerous trading tools.
🏆 Best TradingView Broker 2022
✅ 1:30 | 1:400 leverage
✅ MT4, MT5 & cTrader
✅ 1200+ instruments
✅ Raw interbank spreads
✅ Fast 24/5 customer support
Blueberry Markets
Blueberry Markets are regulated by ASIC and the SCB (Bahamas).
They offer a full MetaTrader Suite (MT4/5), low spreads, and 24/7 customer support.
Note that non-Australians can only open an account under the Bahamas entity.
🏆 Best MetaTrader Broker 2022
✅ 1:500 Leverage
✅ Spreads from 0.0
✅ No Dealing Desk (NDD)
✅ Top Rated Broker with FPA
✅ 24/7 Customer Support
Markets.com
Markets.com, operated by Finalto (Australia) Pty Ltd is regulated by ASIC under Licence no. 424008.
Markets.com offers trading in CFDs on a very user-friendly platform with numerous trading tools. MT4/MT5 is also supported.
🏆 Best Platform for Beginners
✅ CFDs, Stocks, Spread Betting
✅ Strategy Builder
✅ Trading / Analysis Tools
✅ Low Spreads and Fees
✅ 24/5 Customer Support
ASIC Regulatory Protection
ASIC regulation is considered to be one of the best financial regulators in the world as brokers have high capital requirements (minimum 1 million AUD in operating capital) and very strict rules of conduct.
Client deposits must be kept in tier-1 banks in segregated accounts, which means client funds cannot be used for any other purpose than serving as collateral for the trading activity.
In case of insolvency, all segregated funds will be returned to the clients.
ASIC also has a compensation fund that covers client funds up to a certain amount in case a broker becomes insolvent.
Financial Ombudsman (AFCA)
If you use an ASIC-regulated broker and have a complaint towards the regulated firm, you have many available options.
First, matters should be tried to be resolved directly with the firm, if that doesn’t resolve the issue, you can contact an ombudsman.
The Australian Financial Complaints Authority (AFCA), is Australia’s ombudsman service and will resolve any disputes impartially.
Conclusion
Using an ASIC-regulated Forex broker gives you excellent regulatory protection and should always be used by Australian-based traders.
In addition to sharp regulation, you also get access to the Ombudsman Service and Compensation Fund.
