ASIC regulated forex brokers in Australia

Forex brokers, financial organizations and investment companies in Australia are all regulated by the Australian Securities and Investment Commission (ASIC), an autonomous government regulator established in 1998. ASIC’s priority is to ensure a healthy, transparent, productive market environment and preventing illegal financial activity. ASIC strives to promote investor certainty in the Australian market by administering the full force of the law to licensed firms. In 2009, ASIC also assumed the “Australian Stock Exchange” as part of its responsibilities. The ASIC aims to eradicate fraudulent activities relating to the financial services offered by informing the public and updating its overall supervisory framework. You will find below the list of the main Australian Forex brokers regulated by the ASIC.

These established regulated Forex brokers are licensed with the ASIC

GO Markets

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Min Deposit $200
Standard, Zero
Leverage up to 1:500
Variable Spreads

Forex, Shares CFDs, Indices, Metals, Commodities & Cryptocurrencies
MT4, MT4 Webtrader, MT4 Mac, MT5, Mobile Platforms
Bank wire, BPAY, credit card, debit card, FasaPay, NETELLER, POLi, and Skrill

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Regulation: ASIC, CySEC
ASIC license: #081 864 039
Year Founded: 2006
Headquarters: Melbourne, Australia

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XM

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Min Deposit $5
Micro, Standard, Zero
Leverage up to 1:888
Floating Spreads

Forex, CFDs, Metals, Energies, Stocks
MT4 & 5, Web, Mobile Platforms
Bank wire, Credit cards, Webmoney, Skrill, Neteller, PerfectMoney

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Regulation: FCA, CySEC, ASIC
ASIC license: #443670
Year Founded: 2009
Headquarters: Cyprus, UK, Australia

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ASIC Forex Regulated Brokers

The Australian Securities and Investments Commission, an autonomous government entity founded in 1998, is responsible for regulating financial firms, businesses, the financial markets, investment advisers, insurers, Forex brokerage firms and other monetary organizations in Australia.

ASIC was created for the first time as the “Australian Securities Commission” (ASC) in 1991, tasked with uniting Australian regulators. The regulatory body of ASIC is empowered to assess the efficiency of the financial markets and to revoke, suspend or grant licenses to banks, credit unions, financial companies and mortgage and financial brokers. The organization oversees the Australian equity, derivative and futures markets approved in Australia, in addition to its overall economic integrity, to ensure a fair and transparent market environment for economic growth and prosperity from the country.

ASIC is held accountable by the “Commonwealth Parliament” and the “Treasurer and Parliamentary Secretary”. It plays the role of a facilitator for financial systems and encourages investment efforts that require surgical administration of laws and other procedural necessities along the way. In addition, ASIC ensures that information on companies, businesses and financial service providers is publicly available in a transparent manner. This Australian oversight body works alongside international organizations, foreign regulators and other law enforcement authorities regarding investigations, monitoring, licenses, compliance, etc. ASIC is part of several leading international regulatory forums, including the “International Organization of Securities Commissions” (IOSCO).

Responsibilities of ASIC over Regulated Forex Brokers

The laws and provisions enacted by ASIC allow it to enforce administrative decisions concerning the registration of companies, managed investment plans, auditors and liquidators, the granting of service and credit licenses to financial companies. Australian authorities, monitoring of laws established to guarantee the morality of finances. markets, terminate financial products due to defective disclosure documents, conduct regular investigations of financial entities for possible breaches of contracts, issue violation notices for alleged breaches of laws, prohibit new financial activities, to prosecute the courts in civil matters, and finally to prosecute those who considered themselves above the law.

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