Australian Securities and Investments Commission (ASIC) regulated brokers are preferred by a majority of Forex traders. A relatively large number of genuine, honest and reputed brokers operate from Australia regulated by ASIC which is considered to be on par with FCA, NFA or ESMA.
- ASIC Guarantees fund safety
- ASIC is trader friendly – No FIFO or No Hedging riles which makes Forex trading very difficult under regulators like NFA (US).
- Forex brokers regulated by ASIC can offer maximum leverages to traders. Other regulators like ESMA (EU), NFA (US), etc impose limitation on the maximum leverage that can be allowed by brokers.
- ASIC regulation prevents any conflict of interest and ensures that brokers never interfere with your trading in anyway.
- ASIC regulation also requires brokers to ensure customer satisfaction and all customer complaints resolved as per policy.
- ASIC is proactive in ensuring a open market and strict broker compliance.
- ASIC quickly penalizes and imposes sanction against any company that involved in fraudulent practices.
Click here to find the top ten ASIC regulated Forex brokers with whom you can safely deposit your funds and trade.
Check the list of unlicensed companies
The businesses listed below have made unsolicited calls and emails to Australians and do not hold a current Australian financial services (AFS) licence or Australian credit licence from ASIC. Click here for a comprehensive list of unlicensed companies not under ASIC regulation,
Names recently added to the ASIC unlicensed list (most recent at the top) :
- UFX Global Limited
- Liberty Global Partners
- Fcorp Services Ltd (also known as RI Markets)
- Golden Day Profit Kamyip Co. Limited
- OneLife Network Limited
- OneCoin Limited
- Capital Alliance Inc.
- Dartalon Ltd (also known as GFC Investments)
- FTM Consulting t/a LegalCFD
Click here to read more about why Australian Securities and Investments Commission (ASIC) regulated brokers are preferred by a majority of Forex traders.