ASIC Regulated Forex Brokers

ASIC brokers
ASIC stands for Australian Securities and Investment Commission which is a financial regulatory institution in Australia that supervises all Australian financial markets, including the settlement and clearing of all securities in the country.

When looking for the best forex brokers regulated by ASIC, the one you choose is as crucial as how you trade, so you need to choose wisely. Every forex broker listed below accommodates Australian clients. However, forex traders based in Australia will usually select an ASIC-regulated provider to deal with for their protection. A few of the things to remember when looking for an ASIC-regulated forex broker include the leverage a trader can use, the allowed assets to be traded, and the trading software options, to name a few.

 

Top ASIC Regulated Forex Brokers for 2024

Broker
Rating
Regulated
Bonus
Min. Deposit
Max. Leverage
1.
FXCC

VFSC, CySEC

100% bonus

$100

500:1

Review Visit Site Visit Site
Terms & conditions apply
Your capital is at risk.
2.
Fusion Markets

ASIC, VFSC

N/A

$100

500:1

Review Visit Site Visit Site
Terms & conditions apply
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
3.
Avatrade

ASIC, CBI, BVI, FSCA, IIROC, FFAJ, JFSA, ADGM FRSA

up to 40% bonus

$100

400:1

Review Visit Site Visit Site
Terms & conditions apply
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
4.
easyMarkets

CySec, ASIC, BVI

up to 50% bonus

$100

400:1

Review Visit Site Visit Site
Terms & conditions apply
Your capital is at risk.
5.
Deriv

VFSC, FSC, IBFC

N/A

$5

1000:1

Review Visit Site Visit Site
Terms & conditions apply
CFDs are considered complex derivatives and may not be suitable for retail clients. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. The products mentioned here may be affected by changes in currency exchange rates. If you invest in these products, you may lose some or all of your investment, and the value of your investment may fluctuate. You should never invest money that you cannot afford to lose and never trade with borrowed money.
6.
Blackbull Markets

ASIC, VFSC

$10 000 demo

$50

500:1

Review Visit Site Visit Site
Terms & conditions apply
Risk Warning: Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange, you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money you cannot afford to lose. You should make yourself aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any questions or concerns as to how a loss would affect your lifestyle.
7.
HYCM

CySEC, FCA, CIMA, FSC, DFSA

up to 10% credit bonus

$100

500:1

8.
Vantage FX

FCA, ASIC, CIMA, SIBL

up to 50% bonus

$100

500:1

Review Visit Site Visit Site
Terms & conditions apply
Trading Forex and CFDs involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary.

Best ASIC Regulated Forex Brokers Reviewed

Interactive Brokers

Interactive Brokers Logo

Interactive Brokers is a leading US-based online broker founded in 1977. This provider allows you to trade over 120 world markets, such as stocks listed on the ASX or Australian Stock Exchange. Besides forex pairs, the broker also allows its clients to trade futures, options futures, stocks, funds, and bonds.

They may be a US-based broker, but they also accept traders from Australia through its subsidiary Interactive Brokers Australia Pty Ltd., which ASIC regulates. Some traders might find the broker’s commission schedule a bit complex, but its fees are reasonable for high-volume trading.

Interactive Brokers Logo

Min $200 Deposit

Regulated By: SEC, FINRA, FCA, NYSE

Foundation Year: 1978

Headquarters: Connecticut, ‎United States


Terms & conditions apply
Your capital is at risk.

Pepperstone

Pepperstone Logo

Pepperstone is another leading forex broker regulated by ASIC. The company was established in Melbourne in 2010. One of the broker’s most significant advantages is the capability for clients to do Forex trading at a low trading cost. Large currency pairs like USD/EUR, USD/GBP, and JPY/USD can be treated with very low spreads starting from 0 pips.

In terms of exclusive benefits, Pepperstone has an Active Trader Program which gears towards premium clients. Also, the company provides rebates for Australian clients but will depend on the trading volume generated every month. To simply put it, the more trades, the higher the commission discount clients will receive.

Fpmarkets Logo

Min $0 Deposit

Regulated By: ASIC, FCA, SCB, CySEC, BaFIN, CMA, DFSA

Foundation Year: 2010

Headquarters: Melbourne, Australia


Terms & conditions apply
74-89% of retail CFD accounts lose money.

AvaTrade

Avatrade Logo

If you are new to forex and opt to explore the industry; AvaTrade is for you. This company is one of the ASIC-regulated forex brokers that also caters to beginners. It’s the leading Forex and CFD regulated on five continents, where offices are stationed in nine countries.

AvaTrade is ideal for new traders because it offers a comprehensive and extensive educational section on the website. The broker provides a well-curated guide on trading with everything beginners need to know to trade CFDs and Forex confidently. With excellent educational resources, AvaTrade’s MT4 software solution is easy to navigate, accessible, flexible, and responsive with various analytic tools, allowing micro lot trading and assuring complete data security and back-up.

Avatrade Logo

Min $100 Deposit

Regulated By: ASIC, CBI, BVI, FSCA, IIROC, FFAJ, JFSA, ADGM FRSA

Foundation Year: 2006

Headquarters: Dublin, Ireland


Terms & conditions apply
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. This content is intended for information and educational purposes only and should not be considered investment advice or investment recommendation.

Fusion Markets

Fusion Markets Logo

Australian traders who are cost-conscious and opt for low-commission trading choose the Fusion Markets. The brokers claim to provide the lowest Forex trading commissions compared to other ASIC-regulated forex brokers, having a commission rate of nearly 36% lower.

Fusion Markets also has a more extensive range of Forex pairs than other ASIC forex brokers, with over 90 pairs traded with a leverage of up to 1:30 without the need to deal with desk execution. For deposits and withdrawals, Fusion Markets do not implement any fees for any payment options.

IG Markets

IG Broker

You can add IG Markets to the list of the best-regulated forex brokers in the world. Besides the ASIC regulation, it’s also overseen by the FCA, FINMA, and MAS. It is even on the London Stock Exchange list. The broker implements strict rules on internal processes where funds are kept in a separate trust account. In these trust accounts, the funds cannot be used to pay debts to other clients of fund business operations.

IG Markets provides tight spreads starting at 0.6 pips on the USD/EUR and fast execution on one live account. The commissions are not charged, and the clients are allowed to access leverage of up to 30:1.

IG Logo

Min $250 Deposit

Regulated By: ASIC, FCS, MAS, FINMA, CTFC, JFSA, FCA

Foundation Year: 1974

Headquarters: London, ‎United Kningdom


Terms & conditions apply
Your capital is at risk.

Conclusion

As you read this article, you are sure how regulators play a big part in forex trading. Regulators and overseers like ASIC give peace of mind to traders that what they invest is secured and that they are trading through brokers regulated by reputable agencies. This also prevents trade and online scams that can affect your forex trading experience if you are not meticulous enough to choose your broker.

ASIC Regulated Forex Brokers FAQs

Is Forex Trading allowed in Australia?

Yes. Forex trading in Australia is legal. However, brokers need to secure an Australian financial services license (AFS) from ASIC to accept traders who are residents in Australia legally.

Why do I need to trade with ASIC-regulated Forex Brokers?

ASIC is one of the many global regulators in the trading industry. This overseer has also built a reputation for assuring trading security and harshly dealing with bad brokers. In March 2021, the agency implemented an even secured regulatory environment, including segregated accounts, negative balance protection, customer satisfaction, and dispute resolution, among others.

What can a trader expect from an ASIC-regulated broker?

As you may know, Australian brokers need to be licensed before they can accept clients. Along with having a license is complying with the regulations set by ASIC. This includes the availability of information to traders when they need it. With this, traders can gather enough information about the broker before making trades.

How to start trading forex in Australia?

The first thing you need to do is select a Forex broker. It will serve as your bridge between you, the trader, and the Forex market. As you explore different forex brokers, remember that they all vary in various aspects. Each has trading conditions, individual educational material and trading costs, and a selection of trading platforms. Remember to select those brokers regulated by the ASIC.

Does Australia implement tax-free forex trading?

Even if your capital and brokerage are overseas, all profits from forex trading are taxable. Australians need to declare taxes the same as any other income, regardless of trading as a company or an individual.

Other Forex Regulators

About James Johnson
About James Johnson

Expert in Economics, Trading, Investments and Personal Finance. Graduated in 2001 in Business Economics and Management at Harvard University. After several years of working in the foreign exchange trading industry, I co-founded Forex Online Brokers in 2015 with the aim of distributing my personal knowledge and professional experiences in the field of trading and investments in general.