Topic: List of Australian Forex brokers
The ASIC - Australian Securities and Investments Commission is the regulatory body for financial markets and services in Australia. It is one of the main supervisory and control bodies of online Forex, CFDs and binary options brokers internationally since many brokers are based in Australia or have a representation office in this country and are registered in the ASIC.
The ASIC is responsible for supervising and controlling the activity of financial sector companies subject to its regulation. Its main objectives are:
- Control and improve the functioning of the financial system.
- Ensure the protection of investors through proper marketing, advertising, risk warning and transparency of the services offered by the entities it regulates.
- The ASIC, like similar organizations in other countries such as the FCA of the United Kingdom, the CySEC of Cyprus, the Spanish CNMV, ... keeps the register of authorized companies and subject to their regulation and ensures that these companies comply with their regulations. In case of any breach ASIC must notify and enforce the law. It should also monitor the solvency of these companies.
- Promote financial education, trust and responsibility of investors.
Trading with a reliable broker is a determining factor and much more important than the trading conditions offered. Our recommendation is to choose brokers regulated by important international organizations, such as the case of ASIC, where we have sufficient transparency guarantees, the security of our funds is controlled and we can access a dispute resolution procedure in the eventual case of that was necessary.
After analyzing numerous online brokers, in the following list you can see what we consider the best brokers regulated by the ASIC to invest online: