Best ASIC Regulated Forex Brokers 2019

One of the most critical aspects when choosing a Forex broker is to check its license to operate. In other words, if it has the right to operate in the jurisdiction. Or, if it is legally regulated.

Who cares, you might ask? As a trader, you should care. Would you be comfortable knowing that some driving schools give out driving licenses to people in your city without those people actually earning them? Of course not. The same with trading – regulated brokers, offer a guarantee that the financial regulator oversees its activity and protects traders’ interests.

The list of ASIC regulated Forex brokers:

Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 66-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Broker Type Regulation Minimum deposit Maximum leverage Minimal lot size Spreads EUR/USD
Advanced Markets ECN/STP, DMA/STP ASIC $500000 100 : 1 - Mini account
100 : 1 - Standard account
100 : 1 - ECN account
0.01 - Mini account
0.01 - Standard account
0.01 - ECN account
AVATrade Market Maker ASIC, MiFID, FSA, FSCA $100 400 : 1 - Mini account
400 : 1 - Standard account
500 : 1 - ECN account
0.01 - Mini account
0.01 - Standard account
1 pips - Mini account
1 pips - Standard account
AxiTrader ECN/STP, DMA/STP ASIC, FCA $1 400 : 1 - Mini account
400 : 1 - Standard account
400 : 1 - ECN account
0.01 - Mini account
0.01 - Standard account
0.01 - ECN account
0.6 pips - Mini account
0.1 pips - Standard account
0.1 pips - ECN account
Bacera ECN/STP ASIC $300 400 : 1 - Mini account
400 : 1 - Standard account
400 : 1 - ECN account
0.01 - Mini account
0.01 - Standard account
0.01 - ECN account
1.7 pips - Mini account
1.7 pips - Standard account
1.7 pips - ECN account
BAXTER-FX ECN/STP ASIC $50000 100 : 1 - Mini account
100 : 1 - Standard account
100 : 1 - ECN account
0.1 - Mini account
0.1 - Standard account
0.1 - ECN account
1 pips - Mini account
1 pips - Standard account
1 pips - ECN account
BMFN - Boston Merchant Financial STP ASIC, FFMS, FCA, FSC, FSPR, Central bank of UAE $1 400 : 1 - Mini account
400 : 1 - Standard account
0.1 - Mini account
0.01 - Standard account
2 pips - Mini account
2 pips - Standard account
BMFN Arab STP, Market Maker ASIC, FFMS, FSC, FSPR $1 200 : 1 - Mini account
200 : 1 - Standard account
0.1 - Mini account
0.1 - Standard account
3 pips - Mini account
3 pips - Standard account
CMC Markets Market Maker FCA, ASIC $1 500 : 1 - Mini account
500 : 1 - Standard account
0.1 - Mini account
0.1 - Standard account
0.7 pips - Mini account
0.7 pips - Standard account
Core Liquidity Markets ECN/STP, DMA/STP ASIC $250 500 : 1 - Mini account
500 : 1 - Standard account
400 : 1 - ECN account
0.01 - Mini account
0.01 - Standard account
0.1 - ECN account
0.3 pips - Mini account
0.3 pips - Standard account
easyMarkets Market Maker CYSEC, ASIC $25 400 : 1 - Mini account
400 : 1 - Standard account
0.05 - Mini account
0.05 - Standard account
1.8 pips - Mini account
1.8 pips - Standard account
EightCap ECN/STP, STP, Market Maker ASIC $100 400 : 1 - Mini account
400 : 1 - Standard account
400 : 1 - ECN account
0.01 - Mini account
0.01 - Standard account
0.01 - ECN account
0.9 pips - Mini account
0.9 pips - Standard account
Forex FS DMA/STP ASIC $100 500 : 1 - Mini account
500 : 1 - Standard account
0.01 - Mini account
0.01 - Standard account
1.9 pips - Mini account
1.9 pips - Standard account
FOREX.com ECN/STP, Market Maker CIMA, NFA, CFTC, FCA, IIROC, ASIC, FFA Japan, MAS, SFC of Hong Kong $250 200 : 1 - Mini account
200 : 1 - Standard account
200 : 1 - ECN account
0.01 - Mini account
0.01 - Standard account
0.01 - ECN account
1.5 pips - Mini account
1.5 pips - Standard account
ForexCT Market Maker ASIC $500 200 : 1 - Mini account
400 : 1 - Standard account
0.1 - Mini account
0.1 - Standard account
2 pips - Mini account
2 pips - Standard account
FP Markets ECN/STP, DMA/STP ASIC $250 500 : 1 - Mini account
500 : 1 - Standard account
500 : 1 - ECN account
0.01 - Mini account
0.01 - Standard account
0.01 - ECN account
0.7 pips - Mini account
0.7 pips - Standard account
0.1 pips - ECN account
FXCM STP, Market Maker FCA, ASIC $50 50 : 1 - Mini account
50 : 1 - Standard account
0.01 - Mini account
0.01 - Standard account
0.2 pips - Mini account
0.2 pips - Standard account
FXCM (UK and Australia) STP, Market Maker FCA, ASIC $50 200 : 1 - Mini account
100 : 1 - Standard account
0.01 - Mini account
0.01 - Standard account
0.2 pips - Mini account
0.2 pips - Standard account
FXOpen ECN/STP, Market Maker ASIC, FCA $1 500 : 1 - Mini account
500 : 1 - Standard account
500 : 1 - ECN account
0.001 - Mini account
0.01 - Standard account
0.01 - ECN account
GO Markets ECN/STP, STP ASIC $200 300 : 1 - Mini account
300 : 1 - Standard account
300 : 1 - ECN account
0.01 - Mini account
0.01 - Standard account
0.01 - ECN account
1.2 pips - Mini account
1.2 pips - Standard account
0.8 pips - ECN account
Hantec Markets ECN/STP, STP FCA, ASIC $1000 200 : 1 - Mini account
200 : 1 - Standard account
200 : 1 - ECN account
0.01 - Mini account
0.01 - Standard account
0.1 - ECN account
1.8 pips - Mini account
1.8 pips - Standard account
0.2 pips - ECN account
IC Markets ECN/STP, STP ASIC $200 500 : 1 - Mini account
500 : 1 - Standard account
500 : 1 - ECN account
0.01 - Mini account
0.01 - Standard account
0.01 - ECN account
1 pips - Mini account
1 pips - Standard account
Invast Global DMA/STP ASIC, FSA $18000 100 : 1 - Mini account
100 : 1 - Standard account
0.01 - Mini account
0.01 - Standard account
IronFX ECN/STP, STP, Market Maker FCA, ASIC, CYSEC $100 500 : 1 - Mini account
500 : 1 - Standard account
200 : 1 - ECN account
0.01 - Mini account
0.01 - Standard account
0.01 - ECN account
1.1 pips - Mini account
KVB Kunlun ECN/STP, STP ASIC, SFC of Hong Kong, FMA New Zealand, FSPR $1 200 : 1 - Mini account
200 : 1 - Standard account
200 : 1 - ECN account
0.01 - Mini account
0.01 - Standard account
0.01 - ECN account
1.3 pips - Mini account
1.3 pips - Standard account
1.3 pips - ECN account
MahiFX Market Maker ASIC, FSPR $1 100 : 1 - Mini account
100 : 1 - Standard account
0.01 - Mini account
0.01 - Standard account
0.5 pips - Mini account
0.5 pips - Standard account
MEX EXCHANGE ECN/STP, STP, Market Maker ASIC $200 500 : 1 - Mini account
500 : 1 - Standard account
500 : 1 - ECN account
0.01 - Mini account
0.01 - Standard account
0.01 - ECN account
0.5 pips - Mini account
0.5 pips - Standard account
MEX Group ECN/STP, STP FCA, ASIC, FSC, UAE RAK $200 500 : 1 - Mini account
500 : 1 - Standard account
200 : 1 - ECN account
0.01 - Mini account
0.01 - Standard account
0.1 - ECN account
2 pips - Mini account
1.4 pips - Standard account
0.2 pips - ECN account
Pepperstone ECN/STP, DMA/STP FCA, ASIC $200 500 : 1 - Mini account
500 : 1 - Standard account
500 : 1 - ECN account
0.01 - Mini account
0.01 - Standard account
0.01 - ECN account
1 pips - Mini account
1 pips - Standard account
PhillipCapital ECN/STP ASIC $200 100 : 1 - Mini account
100 : 1 - Standard account
100 : 1 - ECN account
0.1 - Mini account
0.1 - Standard account
0.1 - ECN account
1 pips - Mini account
1 pips - Standard account
0.6 pips - ECN account
Plus500 Market Maker FCA, CySEC, ASIC $100 30 : 1 - Mini account
30 : 1 - Standard account
0.01 - Standard account
Rakuten Securities Australia STP, Market Maker ASIC $50 400 : 1 - Standard account
0.1 - Standard account
0.5 pips - Standard account
Royal Forex Trading (RFXT) ECN/STP, Market Maker Central Bank of Lebanon, CMA Lebanon, ASIC $1 400 : 1 - Mini account
400 : 1 - Standard account
400 : 1 - ECN account
0.01 - Mini account
0.01 - Standard account
0.1 - ECN account
0.6 pips - Mini account
0.6 pips - Standard account
0.1 pips - ECN account
Rubix FX ECN/STP ASIC $500 100 : 1 - Mini account
100 : 1 - Standard account
100 : 1 - ECN account
0.01 - Mini account
0.01 - Standard account
0.01 - ECN account
0.2 pips - Mini account
0.2 pips - Standard account
0.2 pips - ECN account
Saxo Markets Market Maker FCA, FSA, ASIC, MAS, FINMA $10000 0.05 - Standard account
0.2 pips - Mini account
Synergy FX ECN/STP ASIC $100 500 : 1 - Mini account
500 : 1 - Standard account
500 : 1 - ECN account
0.01 - Mini account
0.01 - Standard account
0.01 - ECN account
1.2 pips - Mini account
1.2 pips - Standard account
0.2 pips - ECN account
USGFX ECN/STP, Market Maker ASIC, FSPR $100 500 : 1 - Mini account
500 : 1 - Standard account
100 : 1 - ECN account
0.01 - Mini account
0.01 - Standard account
0.01 - ECN account
2.8 pips - Mini account
2.2 pips - Standard account
1.3 pips - ECN account
Vantage FX ECN/STP, STP ASIC $100 500 : 1 - Mini account
500 : 1 - Standard account
500 : 1 - ECN account
0.01 - Mini account
0.01 - Standard account
0.01 - ECN account
1 pips - Mini account
1 pips - Standard account
XForex Market Maker CYSEC, ASIC $100 400 : 1 - Mini account
400 : 1 - Standard account
0.01 - Mini account
0.01 - Standard account
3 pips - Mini account
3 pips - Standard account

Do you know another ASIC regulated Forex broker? Please suggest by adding a comment below. Thank you!

Who is the ASIC?

The Australian Security and Investment Commission (ASIC) oversees financial activities in Australia to protect consumers, investors, and creditors. It has various roles and responsibilities in areas like corporate governance, financial services, consumer protection, or financial literacy.

It offers a high level of regulatory oversight and enforces brokers to adopt fair, consumer-oriented practices.

ASIC Regulation
Source: asic.gov.au

What is an ASIC Regulated Broker?

For a broker to operate in Australia, it must hold an ASIC license. It means it is regulated, and typically the license or registration number is publicly advertised on the broker’s website.

It’s in the brokers interest to make regulation public to be considered as reputable. To earn and keep a license to operate in Australia, one of the most important Forex trading hubs in the world, is no easy feat.

A regulated broker complies with rules set by ASIC, like maintaining a safe trading environment or proving financial sustainability. Moreover, it must maintain high operational standards and present constant audits.

How a Broker Becomes ASIC Regulated?

Proof of financial sustainability (minimum 1 million AUD) is one thing. Regular audits are another. Segregated accounts come to complete the most essential points.

An ASIC regulated broker must follow strict compliance, though the registration process is easy to understand and implement, the broker must meet all the points which vary.

ASIC is famous for its wide range of free online resources and transparency when it comes to the conditions to meet for becoming regulated.

How ASIC Regulation Protects You?

  • Funds safety – clients’ funds are kept in segregated accounts usually at a custodial bank that works with the broker
  • Local representative – ASIC regulated brokers must have an official representative in Australia and can’t operate from overseas
  • Audited books – regular audits ensure business viability, thus protecting its clients
  • Financial dealings transparency – open and honest financial marketplace, fair to all parties involved

Conclusion

ASIC regulated brokers operate in a safe environment under the regulator’s umbrella. Traders may feel safe that their interests are well represented, and the regulator oversees the financial health for each broker.

Funds deposited with ASIC regulated brokers are safe and guaranteed. Moreover, ASIC is one of the few regulators that allow high-leverage trading, unlike other regulators from different jurisdictions. It is no wonder traders favor ASIC brokers to enjoy both safe trading environment and high-leverage availability. This may soon change however as the look to mirror global counterparts.


FAQ’s

Do ASIC brokers impose the FIFO rule?

No. FIFO (First In First Out) rule means traders must close the open positions on the same currency pair in the order of their opening. ASIC doesn’t impose such a condition. Also, hedging is allowed under ASIC regulations.

Is my money safe with an ASIC regulated broker?

Yes. ASIC brokers must keep clients’ funds separately, in an Australian custodial bank, without using them for operating activities.

Is it true ASIC brokers offer 1:300 and 1:400 leverage?

Yes. ASIC allows high-leverage trading when compared with the US or European regulations. However, with high leverage, traders should emphasize strict money management rules to avoid unnecessary losses. There may however look to lower leverage to keep in tune with global standards.

Should I prefer an ASIC regulated broker in Australia?

Why not? Being regulated by a regulator like ASIC suggests credibility and safety for the retail trader. The broker must obey strict rules to earn and keep its license, and that represents a guarantee for the trader that the broker is legitimate.

 

 


For more regulated brokers by highly respected authorities see below:

 

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