ASIC Regulated Forex Brokers 2024

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 regulated forex brokers

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

ic markets

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

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

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

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

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

About the Author

Charles

Author

Charles is an experienced retail trader who has been trading since 2013. He has a comprehensive knowledge of the issues that inexperienced traders encounter. Charles specializes in swing trading and day trading, with a strong focus on psychological and fundamental analysis.