Best ASIC Regulated Forex Brokers 2019

FX Empire Editorial Board
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Pro Tip: Most of these brokers offer free demo accounts so you can test the brokers and their platforms with virtual money. Give it a try with some play money before using your own cash.
Note: Not all Forex brokers accept US clients. For your convenience we specified those that accept US Forex traders as clients.

Eightcap

Regulated By:ASIC

Foundation Year:2009

Headquarters:N/A

Min Deposit:$100

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Your Capital is at Risk

Your Capital is at Risk

 

FP Markets

Regulated By:ASIC

Foundation Year:2005

Headquarters:N/A

Min Deposit:$100

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Your capital is at risk

Your capital is at risk

Admiral Markets

Regulated By:ASIC, CySEC, FCA

Foundation Year:2001

Headquarters:16 St Clare Street, London, United Kingdom

Min Deposit:$200

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Your capital is at risk

Your capital is at risk

City Index

Regulated By:ASIC, FCA, FSA(JP), IIROC, MAS, NFA

Foundation Year:1983

Headquarters:Park House, 16 Finsbury Circus, London, EC2M 7EB, UK

Min Deposit:$0

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% 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. Capital at risk

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% 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. Capital at risk

IC Markets

Regulated By:ASIC

Foundation Year:2007

Headquarters:N/A

Min Deposit:$200

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Your Capital is at Risk

Your Capital is at Risk

Axitrader

Regulated By:ASIC, FCA

Foundation Year:2007

Headquarters:N/A

Min Deposit:$1

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Your capital is at risk

Your capital is at risk

Vantage FX

Regulated By:ASIC

Foundation Year:2009

Headquarters:N/A

Min Deposit:$200

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Your capital is at risk

Your capital is at risk

ASiC Regulated Brokers Comparison Table

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BrokerRatingOfficial SiteRegulationsMin DepositMax LeverageTrading PlatformsFoundation YearPublicly TradedTrading Desk TypeCurrenciesCommoditiesIndicesStocksCryptoCommission on tradesFixed spreadsoffers promotionsOfficial Site
EightCap
Visit Broker>

Your Capital is at Risk

ASIC

$100

1:500

MT4, MT5

2009

No dealing desk, STP

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Your Capital is at Risk

FP Markets
Visit Broker>

Your capital is at risk

ASIC

$100

1:500

MT5

2005

DMA, ECN

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Your capital is at risk

Admiral Markets
Visit Broker>

Your capital is at risk

ASIC, CySEC, FCA

$200

1:500

MT5

2001

No dealing desk, STP

Visit Broker>

Your capital is at risk

City Index
Visit Broker>

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% 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. Capital at risk

ASIC, FCA, FSA(JP), IIROC, MAS, NFA

$0

1:30

MT4, Proprietary

1983

Dealing Desk, DMA, Market Maker

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% 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. Capital at risk

ICMarkets
Visit Broker>

Your Capital is at Risk

ASIC

$200

1:500

cTrader, MT4, MT5

2007

ECN

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Your Capital is at Risk

AxiTrader
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Your capital is at risk

ASIC, FCA

$1

1:400

MT4

2007

STP

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Your capital is at risk

Vantage FX
Visit Broker>

Your capital is at risk

ASIC

$200

1:500

MT4, MT5

2009

ECN, STP

Visit Broker>

Your capital is at risk

Introduction to ASIC Regulation

The Australian Securities & Investments Commission (ASIC) is a leading regulatory agency which supervises the securities and investment market in Australia. In other words, the organization takes on the roles of the markets regulator and the financial services regulator. It is a standalone governmental organization that was first introduced in 1998. However, in recent years the ASIC began implementing new and advanced regulatory guidelines to ensure all businesses trading in financial markets are adhering to the strict rules put in place by global regulatory standards. So, in 2009, the Australian Stock Exchange was put under ASIC regulation due to the organizations operation under the Corporations Act (2001).

By working under all this legislation, ASIC is able to ensure that the companies supervised under them, will abide by the laws put in place by the government to preserve integrity in the markets. That being said, the ASIC overlooks some of the best regulated Forex broker companies in Australia.

ASIC Responsibilities

The primary objective of the ASIC is to provide fair trading standards between the businesses it monitors and the investors they provide their services too. This agency strives to be the best protector and leading regulator in the Australian financial market. To do this, the ASIC must monitor Australian companies, financial markets, investment dealers and advisers, financial services agencies, insurance companies and credits.

That being said, the main goals and responsibilities the ASIC must achieve, are as follows:

  • Maintain, and hold to account the firms that make up the finance industry
  • Provide valuable information and security, to promote and grow activity in the market.
  • Administer the law effectively.
  • Implement the law in an effective way.
  • Articulate storage and management of information.
  • Provide quality information on companies which can be easily accessed by the public.

A broad sense of the areas of responsibility include:

  • Corporate governance
  • Financial services
  • Securities and derivatives
  • Insurance
  • Consumer protection
  • Financial literacy

Basically, the ASIC is responsible in providing experienced investors and consumers safe and secure financial markets to trade. They do this by implementing their rules and regulations on the brokers under their supervision, ensuring they have only reputable and safe companies attached to their organization. They seem to be achieving these responsibilities and goals, for they are considered one of the most highly reputable agencies in the market that deal with maintaining and protecting the investors’ interests.

How ASIC Regulation Can Protect You

Regulation is of the upmost importance in today’s financial trading market. The regulation offered by ASIC provides safety, reliability, and security when trading in the financial arena. Without regulation, there is no control over the ethics businesses might follow. The money you invest may not be secure or under your control. Profits made might be difficult to withdraw. Everything could be at risk. For these reasons, its important to invest in companies who are regulated.

The ASIC protects you- the investor, by offering you investor compensation on your deposit should the broker you are trading with become insolvent. So you can trade knowing that your deposit is protected. They make sure you receive what is promised from your brokers. But investors are not the only ones who benefit from regulation. The broker companies benefit as well by getting more clients based on the trust factor that the license brings to potential clients.

Another way the ASIC protects you is that they provide the public with online reports and work with the public in any investigation done by ASIC. This is a great form of communication, and shows they care about the individual investor. They will work with anyone to help hold the fraudsters of the Australian Financial realm to account.

They also provide a lot of free online resources geared towards informing investors about the financial and trading markets. They educate consumers about the ins and outs of investing in the financial market. This shows through their free and informative financial portal known as MONEYSMART. ASIC has a strong commitment to being a consumer-friendly organization, which helps protect consumers with the power of knowledge.

Another important piece of protection provided by ASIC is the assistance to investors who have money trapped in insolvent companies.

Lastly, the ASIC protects investors and consumers through their extensive rules, regulations, and guidelines to ensure companies follow best practices and deter them from any scams. They enforce this by monitoring all of their licensed member firms and are quick to act on any alleged deviations from their regulatory guidelines.

Guidelines for ASIC Regulated Brokers

ASIC has implemented the global standards of Forex broker regulation, and because of this, brokers must be capitalized to the tune of at least $1 million in operating funds. In addition to this, the brokerage firms must work with only tier 1 banks for segregating their clients’ funds from their own corporate accounts. This means that the broker may never access or use the funds for their own purposes.

In addition to this the ASIC requires all brokers to hold an AFC licence (Australian Financial Securities Licence). This license enables brokers to conduct trading legally in the region.

Furthermore, regulated brokers are required to follow the guidelines of the AFC. These include; sufficient capitalization, following ample risk management standards to protect them and their clients from unnecessary risks, to provide conflict resolution between the company and their clients and to put in place compensation arrangements.

Conclusion

As we have seen ASIC as a regulator is important in protecting its investors. As such Australian traders are spoiled for choice when it comes to the quality of their brokers. As a result of the wide choice, it can be hard to know who to trade with and that’s why FXEmpire are here to help. Here is the FXEmpire recommended brokers with ASIC regulation.