ASIC regulation refers to the regulatory framework that governs the activities of the Australian Securities and Investments Commission (ASIC). ASIC is an independent Australian government body that is responsible for regulating and enforcing laws related to corporate governance, financial services, and market integrity.
The main objective of ASIC regulation is to promote fair and efficient financial markets, Australian Forex brokers, protect consumers, and enhance the integrity of the financial system. ASIC achieves this by enforcing various laws and regulations that govern activities such as fundraising, investments, and financial advice.
ASIC also has the power to investigate and prosecute individuals or companies that violate these laws, and it can impose penalties such as fines, disqualification, and imprisonment.
Overall, ASIC regulation plays a crucial role in maintaining the integrity of Australia’s financial system and protecting consumers from fraud and misconduct.
5 Best ASIC Regulated Forex Brokers 2024
Doo Prime
Best Forex Broker In Australia
Doo Prime Regulation in Australia
Doo Financial Australia Limited is an Australian financial services licensee, authorized and regulated by the Australian Securities & Investments Commission (ASIC), and the regulatory number is 222650.
Pros
- Ultra-Low Spreads
- Multiple Strict Regulations
- 10,000 Trading Products
- Ultra Low Latency
- Swap-Free trading
Cons
- High Leverage Risk
- No investor protection
IC Markets
Best Forex Broker In Australia
IC Markets Regulation in Australia
IC Markets is authorised and regulated by the Australian Securities and Investments Commission (ASIC). IC Markets is a member of the Australian Financial Complaints Authority (AFCA) no. 13527.
Pros
- Low forex fees
- Easy and fast account opening
- Free deposit and withdrawal
- Offers standard and raw spread accounts
Cons
- Limited product selection
- Slow live chat support
- High Leverage Risk
- No investor protection for non-EU clients
Vantage Markets
Best Online CFD Broker In Australia
Vantage Markets Regulation in Australia
Vantage FX Pty Ltd (ABN 31 140 903 886, AFS Authorised Representative no. 343547) is a corporate authorised representative of Vantage Global Prime Pty Ltd and may provide financial services on behalf of Vantage Global Prime Pty Ltd.
Pros
- Low non-trading fees
- Easy and fast account opening
- Licensed and Regulated
- Security of Fund
Cons
- Limited product selection
- Slow live chat support
- High Leverage Risk
- Investor protection only in the UK
Trade Nation
Best Online Broker In Australia
Trade Nation Regulation in Australia
Trade Nation is a trading name of Trade Nation Australia Pty Ltd, a financial services company authorised and regulated by the Australian Securities and Investments Commission (ASIC), ACN 158 065 635, AFSL No. 422661.
Pros
- 1000+ global markets
- Easy and fast account opening
- Free withdrawals and deposits
- Security of Fund
Cons
- Not available for U.S. traders
- Slow live chat support
- High Leverage Risk
- Limited education resource
FP Markets
Best Forex and CFD Broker In Australia
FP Markets Regulation in Australia
First Prudential Markets Pty Ltd, an ASIC regulated provider of Derivatives and Forex trading services (ABN 16 112 600 281, AFS License No. 286354)
Pros
- Spreads from 0.0 pips
- Top-tier liquidity
- Fast execution
- 24/7 Customer support
Cons
- Not available for U.S. traders
- Slow live chat support
- High Leverage Risk
- Limited education resource
Pepperstone
Best Forex and CFD Broker In Australia
Pepperstone Regulation in Australia
Pepperstone is authorised and regulated by the Australian Securities and Investments Commission (ASIC) AFSL number 414530.
Pros
- Spreads from 0.0 pips
- Top-tier liquidity
- Fast execution
- 24/7 Customer support
Cons
- Not available for U.S. traders
- Slow live chat support
- High Leverage Risk
- Limited education resource
