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ASIC-Regulated Forex Brokers
ASIC (Australian Securities and Investments Commission) is a popular regulatory body among retail Forex brokers. It combines reasonable policies for traders' protection with the relative ease of getting registered for the brokerage companies. Although being ASIC-regulated can serve as a synonym of being based in Australia, not all of the FX brokers listed below have significant presence in the country. Many just uphold enough presence to satisfy the ASIC's requirements — their main motivation is to get regulated by a reputable institution rather than to cater to the Australian traders specifically. You will find 53 brokers listed in the table below.
Here are the three main reasons to join one of the ASIC-regulated foreign exchange brokers:
- You reside in Australia and prefer to deal with a company that is authorized by a local regulator.
- You want some basic protection from scams and poorly run brokers but without too many limitations of the trading conditions.
- You believe that ASIC is going to continue improving its regulatory environment bringing better conditions to you.
