10 Best ASIC Regulated Forex Brokers (AUS)

 

10 Best ASIC-regulated Forex Brokers offer peace of mind with strict financial security measures and adhere to high ethical standards.

 

ASIC Regulated Forex Brokers (AUS) Compared – Side by Side*

 

 

Here is a Breakdown of Topics covered in this comprehensive guide:

 

• A Detailed Ranking of the 10 Best ASIC Regulated Forex Brokers
• Who is the Best ASIC-regulated and Licensed (AUS) Forex Broker?
• Pros and Cons of Forex Trading
• What is the Primary Objective of ASIC?
• What are the Benefits of Trading with ASIC-Regulated Brokers?

 

and much, MUCH more!

 

The 10 Leading ASIC Regulated Forex Brokers’ Standout Feature.

 

 

Now let’s deep dive into each broker that made the list…

 

1. IG – Top ASIC-regulated Forex Broker with low spreads, strong tools, and FCA regulation.
2. Admirals – Excellent investor education and advanced MetaTrader features.
3. AvaTrade – Advanced Trading Platforms featuring intuitive interfaces.
4. Axi – Excellent customer service and commitment to prop trading.
5. FP Markets – Advanced charting and market insights.
6. IC Markets – Impressive rock-bottom fees and advanced trading platforms.
7. CMC Markets – Advanced trading features and real-time data.
8. GO Markets – Spreads as low as 0.0 pips plus fast execution.
9. eToro – Outstanding CopyTrader™ function, and intuitive trading platform.
10. Pepperstone – Super-tight spreads, with Fast and reliable execution.

 

Top 10 Forex Brokers (Globally)

 

 

1. IG

 

★★★

Minimum Deposit: $250 Regulated by: FCA, ASIC, CFTC, NFA, BaFin Crypto: Yes

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IG Group is a globally recognized online trading provider established in 1974, offering access to forex, indices, shares, commodities, and more. It operates under multiple top-tier regulators, including the Australian Securities and Investments Commission (ASIC).

 

 

Frequently Asked Questions

 

Is IG regulated?

Yes, IG is a well-regulated broker. The IG Group has entities regulated by several reputable financial authorities globally, such as regulated by bodies like the Financial Conduct Authority (FCA) in the UK and the Australian Securities and Investments Commission (ASIC).

 

Does IG offer demo accounts?

Yes, IG offers demo accounts that allow you to practice trading with virtual funds in a risk-free environment. These accounts are available for their main platforms, including their web-based platform and the MetaTrader 4 (MT4) platform.

 

Pros and Cons

 

 

★★★

Minimum Deposit: $250 Regulated by: FCA, ASIC, CFTC, NFA, BaFin Crypto: Yes

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Our Insights

IG stands out as a trusted and well-established broker backed by top-tier global regulators like ASIC, FCA, and NFA. The broker offers a wide range of tradable instruments, powerful platforms, and a strong focus on education, making it well-suited for both beginners and experienced traders.

 

Final Score

 

 

2. Admirals

 

★★★

Minimum Deposit: $25 Regulated by: FCA, ASIC, CySEC Crypto: Yes

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Admirals is a globally recognized forex and CFD broker founded in 2001. They operate under Admiral Markets Pty Ltd, which is authorized and regulated by the Australian Securities and Investments Commission (ASIC), a top-tier financial watchdog that ensures strict compliance and client fund safety.

 

 

Frequently Asked Questions

 

Does Admirals offer MetaTrader?

Yes, they offer both MetaTrader 4 and MetaTrader 5 trading platforms. These are available on desktop (Windows and Mac), WebTrader, and mobile (iOS and Android) devices, providing a wide range of trading tools and features for Forex and CFD trading.

 

Is Admirals beginner-friendly?

Yes, it can be beginner-friendly. They offer a range of educational resources like articles, webinars, and tutorials. The availability of MetaTrader 4 and 5, while powerful, can be initially complex, but offers extensive learning materials.

 

Pros and Cons

 

 

★★★

Minimum Deposit: $25 Regulated by: FCA, ASIC, CySEC Crypto: Yes

Get startedRead Review

 

Our Insights

With ASIC oversight, strong platform support (MT4/MT5), a wide range of tradable assets, and robust educational resources, the broker offers a secure and versatile trading environment. Its transparency, safety measures, and trading tools make it a solid choice for serious traders looking for long-term reliability.

 

Final Score

 

 

3. AvaTrade

 

★★★★★

Minimum Deposit: $100 Regulated by: CBI, BVI, FSC, ASIC, FSCA, JFSA, FFAJ Crypto: Yes

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AvaTrade is a globally recognized forex and CFD broker established in 2006, offering access to a broad range of instruments including forex, stocks, indices, commodities, cryptocurrencies, and options. In Australia, AvaTrade operates under Ava Capital Markets Australia Pty Ltd, which is authorized and regulated by the Australian Securities and Investments Commission (ASIC). This regulation ensures that the broker complies with strict financial standards and client fund protections.

 

 

Frequently Asked Questions

 

Which trading platforms are available?

AvaTrade offers a diverse range of trading platforms, including MetaTrader 4 and MetaTrader 5. They also provide their proprietary AvaTradeGo mobile app and WebTrader platform. Additionally, AvaOptions and trading platforms like AvaSocial, DupliTrade, and ZuluTrade are available.

 

Does AvaTrade offer Islamic accounts?

Yes, AvaTrade does offer Islamic (swap-free) accounts for clients who cannot pay or receive swaps due to their religious beliefs. Keep in mind that while these accounts don’t incur overnight swap fees, some conditions may apply, such as holding limits for positions.

 

Pros and Cons

 

 

★★★★★

Minimum Deposit: $100 Regulated by: CBI, BVI, FSC, ASIC, FSCA, JFSA, FFAJ Crypto: Yes

Get startedRead Review

 

Our Insights

AvaTrade is a well-established and ASIC-regulated broker that offers a secure, user-friendly, and commission-free trading environment. With access to a wide range of instruments, multiple platforms (including MT4, MT5, and AvaTradeGO), and negative balance protection, it’s a strong choice for both beginners and experienced traders.

 

Final Score

 

 

3. Axi

 

★★★★

Minimum Deposit: $5 Regulated by: ASIC, FCA, DFSA, VFSC Crypto: Yes

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Axi is a trusted Australian forex and CFD broker founded in 2007, known for its institutional-grade trading conditions, powerful platforms, and strong regulatory framework. In Australia, Axi operates under AxiCorp Financial Services Pty Ltd, which is authorized and regulated by the Australian Securities and Investments Commission (ASIC).

 

 

Frequently Asked Questions

 

Is Axi suitable for beginners?

Yes, Axi can be suitable for beginners. They offer a user-friendly MetaTrader 4 (MT4) platform, along with comprehensive educational resources like the Axi Academy, free eBooks, and video tutorials. Additionally, they provide a demo account for risk-free practice.

 

What trading platforms does Axi offer?

Axi primarily offers MetaTrader 4 (MT4), available on desktop, web (WebTrader), and mobile (iOS and Android). They also provide their own Axi Trading Platform mobile app, designed for easy access to various markets.

 

Pros and Cons

 

 

★★★★

Minimum Deposit: $5 Regulated by: ASIC, FCA, DFSA, VFSC Crypto: Yes

Get startedRead Review

 

Our Insights

Axi is a reliable and ASIC-regulated broker that appeals to both beginner and experienced traders through its zero minimum deposit, competitive spreads, and robust MT4 platform. It’s a solid choice for traders looking for transparency, low-cost trading, and regulated safety in a professional environment.

 

Final Score

 

 

5. FP Markets

 

★★★★★

Minimum Deposit: $100 Regulated by: ASIC, CySEC, FSCA, FSA, FSC, CMA Crypto: Yes

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FP Markets is an Australian-based forex and CFD broker established in 2005, known for its institutional-grade execution, tight spreads, and broad range of trading instruments. Regulated by the Australian Securities and Investments Commission (ASIC), under AFSL number 286354, the broker maintains robust compliance, safeguards client funds, and operates with full transparency.

 

 

Frequently Asked Questions

 

What is the minimum deposit to start trading with FP Markets?

FP Markets requires a minimum deposit of AUD 100 (or equivalent) to open a Standard or Raw trading account. However, for IRESS Share CFD accounts, the minimum deposit is higher, starting from AUD 1,000.

 

Does FP Markets offer a demo account?

Yes, FP Markets offers free demo accounts for their MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader platforms, as well as for TradingView. Demo accounts typically expire after 30 days of inactivity, but can be reactivated.

 

Pros and Cons

 

 

★★★★★

Minimum Deposit: $100 Regulated by: ASIC, CySEC, FSCA, FSA, FSC, CMA Crypto: Yes

Get startedRead Review

 

Our Insights

Regulated by ASIC, it offers strong security and compliance, making it a trusted choice for both beginners and professionals. Its transparent pricing, professional-grade platforms, and solid educational resources make it a competitive and dependable option for serious traders.

 

Final Score

 

 

6. IC Markets

 

★★★

Minimum Deposit: $200 Regulated by: FSA Crypto: Yes

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IC Markets is a globally recognized forex and CFD broker, established in 2007 and headquartered in Sydney, Australia. It is regulated by the Australian Securities and Investments Commission (ASIC) under AFSL number 335692, which ensures strong client fund protection, transparency, and compliance with strict financial standards.

 

 

Frequently Asked Questions

 

What is the minimum deposit to open an account?

IC Markets generally requires a minimum deposit of USD 200 (or currency equivalent) to open a live trading account across its various account types (Standard, Raw Spread, cTrader). While this is the general minimum, it’s always advisable to check their specific deposit options.

 

What platforms does IC Markets support?

IC Markets provides a comprehensive suite of trading platforms, including the widely popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5), available on desktop, web, and mobile. They also offer cTrader and integrate with TradingView.

 

Pros and Cons

 

 

★★★

Minimum Deposit: $200 Regulated by: FSA Crypto: Yes

Get startedRead Review

 

Our Insights

IC Markets is a well-established, low-cost forex and CFD broker best suited for traders who value tight spreads, fast execution, and robust trading platforms like MetaTrader 4/5 and cTrader. The broker is a top-tier choice for experienced and cost-conscious traders, but beginners might want to pair it with external learning resources or consider brokers with more built-in education and localized regulation.

 

Final Score

 

 

7. CMC Markets

 

★★★★★

Minimum Deposit: $0 Regulated by: BaFin, FCA, ASIC, MAS, FMA, IIROC, DFSA Crypto: Yes

Get startedRead Review

 

The broker is known for its advanced trading platforms, particularly its proprietary Next Generation platform, which features powerful charting tools, customizable layouts, and a rich suite of technical indicators. CMC Markets is heavily regulated in multiple jurisdictions. In Australia, it operates under ASIC (Australian Securities and Investments Commission) regulation, holding an Australian Financial Services Licence (AFSL No. 238054).

 

 

Frequently Asked Questions

 

What trading platforms does CMC Markets offer?

CMC Markets offers its advanced proprietary platform, Next Generation, available on web and mobile (iOS/Android), boasting extensive tools and features. They also support MetaTrader 4 (MT4) and MetaTrader 5 (MT5), and integrate with TradingView for charting and analysis.

 

Does CMC Markets offer negative balance protection?

Yes, CMC Markets offers negative balance protection for its retail clients. This safeguard ensures that you cannot lose more than the funds in your trading account, effectively limiting your potential losses to your deposited capital.

 

Pros and Cons

 

 

★★★★★

Minimum Deposit: $0 Regulated by: BaFin, FCA, ASIC, MAS, FMA, IIROC, DFSA Crypto: Yes

Get startedRead Review

 

Our Insights

CMC Markets is a well-established and highly regulated broker, making it a strong choice for traders seeking reliability, advanced tools, and a wide range of instruments. The Next Generation platform stands out for its robust charting capabilities and user-friendly design, while the lack of a minimum deposit makes it accessible to a wide audience.

 

Final Score

 

 

8. GO Markets

 

★★★★

Minimum Deposit: $200 Regulated by: ASIC, FSA, FSC, CySEC Crypto: Yes

Get startedRead Review

 

GO Markets is recognized for its strong regulatory framework, diverse range of trading platforms, and commitment to providing a secure trading environment. Its regulation by ASIC ensures adherence to strict financial standards, including capital adequacy and client fund protection.

 

 

Frequently Asked Questions

 

Which trading platforms does GO Markets offer?

GO Markets offers a robust selection of trading platforms, including MetaTrader 4 (MT4) and MetaTrader 5 (MT5), available on desktop, web (GO WebTrader), and mobile (iOS and Android). They also provide cTrader and integrate with TradingView for charting and analysis.

 

Does GO Markets offer a demo account?

Yes, GO Markets offers free demo accounts for their MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader platforms. These accounts allow you to practice trading in a simulated real-time environment. Demo accounts typically expire after 30 days of inactivity.

 

Pros and Cons

 

 

★★★★

Minimum Deposit: $200 Regulated by: ASIC, FSA, FSC, CySEC Crypto: Yes

Get startedRead Review

 

Our Insights

GO Markets is an excellent option for traders seeking tight spreads, robust ASIC regulation, and comprehensive platform support. It particularly suits experienced traders or those employing automated strategies on MT4/MT5.

 

Final Score

 

 

9. eToro

 

★★★★

Minimum Deposit: $200 Regulated by: FCA, CySEC, MFSA, ADGM, ASIC, FSAS, FinCEN Crypto: Yes

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eToro shines with its social trading capabilities, enabling users to follow and copy experienced investors. Its ASIC regulation guarantees strict financial compliance, including client fund protection and transparent operations.

 

 

Frequently Asked Questions

 

What is CopyTrading on eToro?

CopyTrading on eToro allows you to automatically replicate the real-time trades of other successful investors on the platform. You can browse through various traders based on their performance and risk profile, and allocate funds to copy them.

 

Is eToro good for beginners?

Yes, eToro is very beginner-friendly. Its intuitive platform, social trading features like CopyTrader, and a free $100,000 demo account allow new users to easily learn and practice. They also provide extensive educational resources to guide beginners through various investment concepts.

 

Pros and Cons

 

 

★★★★

Minimum Deposit: $200 Regulated by: FCA, CySEC, MFSA, ADGM, ASIC, FSAS, FinCEN Crypto: Yes

Get startedRead Review

 

Our Insights

eToro excels as a social and multi-asset trading platform, perfect for both beginners and intermediate traders. Its ASIC regulation ensures strong compliance with Australian financial standards, providing an added layer of trust and security.

 

Final Score

 

 

10. Pepperstone

 

★★★★★

Minimum Deposit: $200 Regulated by: ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB Crypto: Yes

Get startedRead Review

 

Pepperstone Group Limited is regulated by ASIC, Australia’s leading financial authority. This ensures rigorous compliance, robust capital reserves, transparent operations, and strong client fund protection.

 

 

Frequently Asked Questions

 

What trading platforms does Pepperstone support?

Pepperstone offers a comprehensive selection of trading platforms, including MetaTrader 4 (MT4) and MetaTrader 5 (MT5), both widely used and available across desktop, web, and mobile. They also provide cTrader and integrate with TradingView for enhanced charting and social networking.

 

Is Pepperstone regulated by ASIC?

Yes, Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (ASIC), a top-tier financial authority, under AFSL number 414530. This regulation ensures they adhere to strict standards for client fund protection and operational transparency.

 

Pros and Cons

 

 

★★★★★

Minimum Deposit: $200 Regulated by: ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB Crypto: Yes

Get startedRead Review

 

Our Insights

Pepperstone is a well-regarded and reliable broker, highly favored for its strong ASIC regulation, competitive pricing, and rapid trade execution. Its support for diverse and popular trading platforms like MetaTrader and cTrader makes it adaptable for all kinds of traders, from novices to seasoned professionals.

 

Final Score

 

 

What is the Primary Objective of ASIC?

ASIC ensures Australia’s financial markets are fair, transparent, and efficient. In forex trading, it regulates brokers, enforces strict standards, protects traders through clear rules, and prevents misconduct, promoting trust and integrity in the financial system.

 

What are the Benefits of Trading with ASIC-Regulated Brokers?

Trading with ASIC-regulated brokers offers several important benefits, especially for beginners who need security and transparency. Here are the key advantages:

 

High Level of Trust and Security

ASIC requires brokers to meet strict financial standards, including minimum capital requirements and regular independent audits. This framework ensures brokers are financially stable and operate responsibly and ethically, protecting client interests and maintaining market integrity.

 

Segregated Client Funds

ASIC mandates that brokers segregate client funds in separate bank accounts from the firm’s operational capital. This crucial rule safeguards your money in the event the broker experiences financial distress or insolvency.

 

Transparent Pricing and Fair Practices

Regulated brokers must be transparent about all fees, spreads, and terms. This means no hidden charges are allowed, and misleading promotions are strictly prohibited.

 

Dispute Resolution and Complaints Handling

Clients of ASIC-regulated brokers have access to external dispute resolution services, such as the Australian Financial Complaints Authority (AFCA). This provides legal avenues to recover funds should any issues or misconduct arise.

 

Leverage Limits to Reduce Risk

ASIC implements leverage limits for retail traders, for instance, 30:1 for major forex pairs. This restriction is in place to curb the risk of rapid and substantial financial losses.

 

Protection Against Fraud

ASIC actively monitors broker activities and possesses the authority to penalize or ban firms engaged in dishonest practices. This vigilant oversight significantly reduces your susceptibility to scams or shady dealings.

 

Mandatory Risk Warnings and Education

ASIC mandates that brokers provide clear risk disclosures and readily accessible educational resources. This helps empower traders to make well-informed decisions by understanding the inherent risks involved.

 

Frequently Asked Questions

 

What does it mean if a forex broker is ASIC-regulated?

If a forex broker is ASIC-regulated, it means they are licensed and overseen by the Australian Securities and Investments Commission. This ensures the broker adheres to strict financial standards, including segregating client funds, offering negative balance protection, and limiting leverage for retail traders.

 

How do I check if a broker is ASIC-regulated?

To check if a broker is ASIC-regulated, first find their Australian Financial Services License (AFSL) number on their website. Then, visit the official ASIC Connect website, navigate to their “Professional Registers Search,” and input the AFSL number to verify their licensing and details.

 

Pros and Cons

 

 

Our Insights

For most beginners, the safety, transparency, and legal protection offered by ASIC-regulated brokers significantly outweigh limitations like lower leverage or fewer bonuses. They are an excellent starting point for responsible and secure trading.

 

 

In Conclusion

While they might lack flashy bonuses or extremely high leverage, these are trade-offs that prioritize your safety and long-term success. If you’re new to trading and seeking peace of mind, ASIC-regulated brokers are a smart, reliable choice.

 

You Might also Like:

 

• IG Review
• Admirals Review
• Avatrade Review
• Axi Review
• FP Markets Review
• IC Markets Review
• CMC Markets Review
• GO Markets Review
• eToro Review
• Pepperstone Review