Top Australian Forex Brokers.
Australia has a long history of currency trading and brokerage services as it is one of the largest forex trading hubs around the world with the Australian Dollar (AUD) being among the most traded currencies. Australia’s forex market continues to grow alongside its expanding trade with countries throughout South and East Asia. The FPA has review pages for over 50 Australian forex brokers and stock brokers.
ASIC (the Australian Securities and Investment Commissions) is the primary financial regulator in Australia. ASIC is responsible for regulating Australian forex brokers, stock brokerages, banks, and more. ASIC regulation places fewer restrictions on fx brokers and trading styles that can be offered to forex traders than the extremely tight rules imposed inside the USA by the NFA. ASIC is still viewed as a more secure forex broker regulator than CySEC and is much more protective of client interests than the regulators in the Caribbean. The combination of these two factors led to a number of US forex brokers relocating to Australia when the NFA limited leverage, banned hedging, and placed other restrictions on forex brokers in the USA.
Here are many of the Australian forex brokers under ASIC listed in the FPA’s reviews.