27 Best ASIC Forex Brokers – ( Reviewed ) 2020

ASIC Brokers

ASIC Brokers

 

According to research in South Africa, Australia as one of the financial Forex Trading hubs in the world, controls and oversees activities along with operations through the independent authorizing body Australian Securities and Investments Commission (ASIC).

 

The Australian Securities & Investments Commission (ASIC) is Australia’s version of an independent regulatory agency to oversee activities of companies dealing in financial services. The ASIC was introduced in 1998, but the primary concept of a regulatory organization took root in 1989 under the Australian Securities Commission Act.

ASIC is a self-governing organization that is focused on strengthening investor confidence by actively participating in regulating financial firms and conveying useful knowledge to the general public. All financial companies in Australia are required to be registered with the ASIC, and ASIC regulated brokers should adhere to all regulatory guidelines as mentioned by the ASIC from time to time.

The ASIC puts forward regulations under the Australian Securities and Investments Commission Act of 2001 and are also responsible for upholding other legislation guidelines including the Corporations Act of 2001, The Insurance Contracts Act of 1984, and the National Consumer Credit Protection Act of 2009.

ASIC regulated brokers enjoy a distinct place among traders due to the higher number of genuine and honest brokers that operate out of Australia due to the new and improved ASIC regulations.

 

A review of XM
 

 

XM Group

 

XM Group provides traders with a large selection of assets to choose from and is regulated by some of the most respected financial bodies in the sector.

 

Pros and Cons

 

Pros Cons
Offers traders 57 currency pairs and CFD trading in commodities, indices, metals, energies, and cryptocurrencies. Not available to US customers due to regulatory constraints
Major trading platforms MT4 and MT5 are offered to all traders. Metatrader trading platforms only
Regulated by the world’s most respected regulatory bodies.
An accomplished and well-rounded package -the best broker for new traders.

 

XM Group is owned by Trading Point Financial Instruments Ltd and was established in 2009 and the company is an international brand, with headquarters in Sydney, London, and Belize.

 

XM Markets and Products

 

Instrument Number
Currency Pairs 57
Equity Indices 30
Stocks 1,184
Precious Metals 4
Commodities 8
Energies 5
Shares 100

 

The XM Group offers traders three specific account types to choose from including –

 

Live trading accounts

 

  • For traders within the EU, the XM Group Micro Account and the XM Group Standard Account both feature an unbeatable minimum deposit of $5.
  • The XM Group Zero Account is also offered to traders within the EU and carries a minimum deposit requirement of $100 and spreads start from 0 Pips.
  • Australia-based traders can benefit from the XM Ultra-Low Account with a minimum deposit of $50, this account type offers spreads starting from 0.6 Pips.
  • Traders located outside Australia and the EU, can take advantage of the XM Group Shares Account. This account is only available in US dollars and focuses on trading share CFDs.

 

Demo accounts:  XM Group offers traders forex demo accounts with starting balances of $100,000 with the opportunity to practice using each of the account types listed above.

Islamic accounts:  Clients who follow the Muslim faith can also open Islamic accounts with XM Group.

 

Support services are available via telephone, email, and live chat, and these are available 24 hours a day, from Monday to Friday.

 

A review about FXTM
 

FXTM

 

FXTM is a reliable ECN/STP broker which provides a flexible trading environment to suit any trader’s needs and offers attractive trading terms, exceptional customer service, and quality trading tools, making it a good choice for both beginners and pro traders alike.

 

For beginners, FXTM will provide all the resources they might need to learn to trade and great educational resources, an open demo account, and the CENT account is on offer. In the same sense, FXTM is also an excellent choice for experienced traders and they can choose from a wide array of trading instruments, trade via an STP or ECN account, and take advantage of market news and analysis from top providers.

 

Pros and Cons

 

Pros Cons
Varied portfolio of tradable assets Doesn’t accept clients from the United States, Canada, and New Zealand
A variety of demo accounts
Attractive loyalty program
Extensive educational resources
The best broker for new and experienced traders alike

 

FXTM is an online broker which was founded in 2011 in Limassol, Cyprus and has since grown to include over 800 employees in more than 10 offices across the globe.

 

What is the minimum deposit at FXTM?

 

  • Cent Account: minimum deposit of $10
  • Standard Account: minimum deposit of $100
  • ECN Zero Account: $200
  • ECN Account: $500
  • FXTM Pro: $25,000

 

FXTM offers support via live chat, phone, email, and social media. Support is available in multiple languages, between Monday and Friday, from 8 AM to 8 PM for EU and UK customers.

 

A review about Alpari
 

Alpari

 

Alpari International is a quality STP/ECN broker with a rich history and offers traders a variety of account types, advantageous trading conditions, and quality customer service, Alpari International is a good option for traders, from beginners to professionals.  Beginners will have access to a free demo account, a micro account, and social trading, experienced traders on the flip side can enjoy ECN trading.

 

Pros and Cons

 

Pros Cons
Diverse selection of tradable assets Limited educational resources
Attractive bonuses and cashback program Lack of research tools
Low minimum deposit
Great leverage and social trading available
Best broker for copy trading accounts

 

Alpari International offers traders a variety of account types tailored to different levels of trading experience plus STP and ECN accounts.  The cost of trading with Alpari International varies based on the account a trader chooses to open.

 

Customer support is available in multiple languages, including English, Indonesian, Spanish, and more. You can reach them via live chat, phone, or email.

 

A review about easyMarkets
 

easyMarkets

 

easyMarkets is a multi-award-winning forex and CFD broker regulated by both CySec and ASIC.

At easyMarkets, traders can take their pick from 200 tradable assets, including currency pairs, shares, cryptos, commodities, indices, and metals. Traders can also choose from 4 different account types and enjoy relatively low minimum deposit limits.

 

easyMarkets offers training resources, market news, trading tools, and research and a multi-lingual customer support team is also readily available to assist via multiple communication channels.

 

Pros and Cons

 

Pros Cons
Speedy trade execution with minimum slippage. No service to clients from over 20 countries and regions.
Availability of modern trading platforms. Due to European regulations, bonus is not available to EU traders
Guaranteed stop loss on trading of over 200 instruments
Provision of research, news and trader tools.
Best broker for beginner traders.

 

easyMarkets offers international clients three main account types to choose from, whilst EU clients can opt for only the VIP account and for international clients, each account type is based around spreads, transaction sizes, and the amount of funds at the trader’s disposal.

 

The easyMarkets website is fully mobile compatible and free educational materials for novice traders, including over 15 training videos, 10 downloadable eBooks and a glossary of trading terminologies is on offer.

 

A review of HotForex
 

HotForex

 

HotForex is a highly regulated and trustworthy ECN/STP broker which offers a wide range of tradable assets. HotForex offers traders a wide range of tools and materials, to help both novice and pro traders alike, and some very competitive bonuses and loyalty rewards.

 

Pros and Cons

 

Pros Cons
Wide range of tradable assets Doesn’t accept clients from the United States
Highly attractive spreads
Extensively regulated in multiple countries
Great bonuses and contests for non-EU clients
Best broker for traders looking to diversify their portfolio

 

HotForex is an international broker, with over 1,500,000 accounts globally and several types of accounts are on offer.  With over 49 currency pairs available, HotForex online broker provides traders with access to the most liquid assets in the world.

 

A review of AvaTrade
 

AvaTrade

 

AvaTrade is a strictly regulated and highly reputable broker, providing services to traders across the world.  AvaTrade offers traders a wide range of tradable assets, including a relatively unique offering of forex options.

 

Pros and Cons

 

Pros Cons
Extensive range of tradable financial instruments Doesn’t accept clients from the United States
Attractive spreads
Highly regulated in multiple jurisdictions
Low minimum deposit
Excellent bonuses for clients from certain countries

 

The types of accounts available from AvaTrade differs slightly depending on a trader’s location and EU clients can open a Retail or Professional account, clients in the UK and Ireland can also open a Spread Betting Account, clients outside the European Union are only offered the Standard Account.

 

The AvaTrade’s forex site is completely mobile-responsive and support is available via live chat, phone, and email in 14 languages.

 

A review about Pepperstone
 

Pepperstone

 

Pepperstone is one of the biggest Forex brokers in Australia, and the world. Pepperstone is well trusted, boasting thousands of active traders across the globe.  Pepperstone gives traders the opportunity to trade over 150 instruments, including currencies, crypto, indices, or many other markets.

 

Pros and Cons

 

Pros Cons
Highly regulated broker in multiple jurisdictions No proprietary trading platform available
Opportunity to trade over 150 financial instruments CFDs trading portfolio is limited
Excellent webinars in the educational section
Forex, Cryptocurrencies, CFD markets all available
Best broker for enhancing the education of new traders

 

Pepperstone offers two different account types, the Razor and the Standard account, and is considered to be one of the best mobile brokers in the world.  Pepperstone offers traders a wide range of online resources, trading guides, and expert webinars.   Pepperstone offers award-winning customer support services, which are available 24 hours a day, 5 days a week.

 

A review on OctaFX
 

OctaFX

 

OctaFX operates as an STP (straight through processing), and ECN (Electronic Communication Network) Forex broker and offers traders two trading platforms to choose from.  Both platforms can be used on a desktop, laptop and mobile device.

 

All the normal payment channels are supported by OctaFX, including bank wire transfers, Skrill, major debit and credit cards, as well as UnionPay and the broker boasts several benefits like convenience and reliability, and with every transaction, traders will receive a free 50% bonus.

 

A review of Oinvest
 

Oinvest

 

Oinvest is a broker that is suitable for all types of traders and offers extensive trading opportunities through a variety of asset classes. Oinvest is a great choice for beginner traders and they provide a significant number of outstanding training resources and a demo account.  Oinvest offers traders excellent customer support, a variety of account types, and periodic bonuses.

 

Pros and Cons

 

Pros Cons
Extensive range of trading instruments Above-average swaps
Excellent training and educational materials
Popular trading platform MT4 available for web and desktop
Various account types with good leverage
Fantastic learning tools for beginner traders

 

Oinvest offers traders three types of accounts customized based on a traders trading activity and investment. These are Silver, Gold, and Platinum.  A Platinum account, as well as Islamic versions of these accounts and a demo account is also on offers and the Silver account is designed for beginners whilst the Gold and Platinum accounts are meant for traders with a higher trading volume and a more significant investment.

 

A review about FBS
 

FBS

 

FBS, or Financial Brokerage Services claims to have more than 700,000 clients from 120 different countries across the world. FBS was initially based out of Russia and started its FX operations in 2009.

 

FBS Trading Account Features – Overview:

 

  • Minimum deposit of $1
  • Maximum FBS leverage of 1:3000
  • Five different types of accounts
  • FBS spreads starting from 0 pip
  • ECN account offered with tight spreads and a commission per lot
  • Full range of payment options
  • Trading instruments include 32 currencies and two metals
  • MT4 & MT5 Trading Platform

 

There are two types of accounts available from FBS Trading for smaller traders, which include the Cent and the Micro accounts. The Cent account starts at $1 deposit, while the Micro account starts at $5 deposit.  Customer support is available in 18 different languages and a live chat feature is available.

 

Why Do Traders Prefer ASIC Forex Brokers?

 

ASIC regulated brokers have a special place among traders thanks to the higher number of genuine and honest brokers that operate out of Australia. Thanks to the new and improved ASIC regulations Australian Forex brokers are considered to be at par with other regulatory agencies such as the FCA and the NFA, without the usual drawbacks.

 

ASIC ensure that all brokers can guarantee the safety of their traders’ funds by keeping the funds in segregated accounts in the leading banks of Australia and does not impose any limit on the maximum leverage.  All brokers that are part of the ASIC regulatory framework should offer a fast and efficient platform for trading and brokers are banned from trading against their clients, thereby preventing any instance of conflict of interest.

 

How to Choose A Preferred ASIC Broker?

 

ASIC is home to some of the largest names in the industry, and multiple mainstream brokers with multiple regulatory statuses are bound to have a valid ASIC regulation, which makes it straight-forward for traders to choose an ASIC regulated broker without much difficulty.

 

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Other Mention worthy Best ASIC Forex Brokers include:

 

A review of IC Markets
 

IC Markets

 

IC Markets was founded in Sydney, Australia in 2007 and is regulated by the Australian Securities and Investments Commission (ASIC), as well as the Seychelles Financial Services Authority (FSA).   IC Markets offers services and features suitable for both beginner and professional traders, a ‘go to’ choice for high volume traders, scalpers and trading algos.

 

Pros and Cons

 

Pros Cons
True ECN broker with institutional grade liquidity. Beginner traders may be overwhelmed by the choice of markets and platforms.
MetaTrader and cTrader available on desktop, web and mobile.
Wide range of tradable products with 24/7 customer support.
Impressive library of educational material and videos.

 

A review of FP Markets
 

FP Markets

 

FP Markets was founded in 2005 and is regulated by the Australian Securities and Investments Commission (ASIC), and offers the segregation of client funds and top tier liquidity. FP Markets is a group of companies which includes First Prudential Markets Ltd which is authorised and regulated by the Cyprus Securities and Exchange Commission.

 

FP Markets offers traders the ability to trade on more than 10,000+ financial instruments covering Forex, Equities, Metals, Commodities, Indices and Cryptocurrency CFDs coupled with access to a range of accounts including the Standard Account (commission-free) and Raw Account (commission-based) for MetaTrader users, both offering ECN pricing and maximum leverage of 500:1.

 

Pros and Cons

 

Pros Cons
ASIC regulated. The volume of choice of markets and accounts may be overwhelming for beginner traders.
ECN pricing and DMA trading available.  
10,000+ tradable financial instruments.  
Wide range of trading platforms and trading tools available.  
Excellent customer support and education tools.  

 

A review on USGFX
 

USGFX

 

USGFX offers traders 62 tradable assets across Forex, Metals, Energies and Indices, and clients can choose from four different account types called Mini Account, Standard Account, VIP Account and Pro-ECN Account.

 

Traders have access to trade on the globally recognised MetaTrader 4 and 5 trading platforms for Windows, Mac, Web, Android and iOS operating systems as well as through social trading platforms ZuluTrade and myFXbook.

 

USGFX clients will also benefit from free access to Trading Central’s technical analysis service and Featured Ideas plus education, market research and commentary, premium trading tools and personalised coaching from their Senior Analyst, Rob Clayton.

 

Pros and Cons

 

Pros Cons
ASIC regulated with segregated client funds. Limited range of instruments.
Can trade on MetaTrader 4 and 5. No Stocks and soft Commodities
Free access to Trading Central and Featured Ideas services. Advertised spreads are higher than most.
Personalised coaching via the USGFX TradersClub education program. Knowledge of live chat support agent below par.

 

A review of GO Markets
 

GO Markets

 

GO Markets Pty Ltd is an ASIC regulated broker with their head office situated in Melbourne, Australia. GO Markets is a leading broker with a huge client base from over 150 countries. GO Markets offers forex, share CFDs, indices, metals and commodities for trading on the MT4 and MT5 trading platforms.

 

Pros and Cons

 

Pros Cons
GO Markets is a regulated brokerage entity Demo accounts expire after 30 days; non-expiry demo account is available.
Ultra-fast trade executions courtesy of innovative technology Clients from over 35 high risk and other monitored jurisdiction are not accepted
Availability of trading and analysis tools like Autochartist and Trading central. Only two account types available for all traders.
Clients’ fund segregation. Swap free offered in MENA region only.

 

A review of Vantage FX
 

Vantage FX

 

Vantage FX is the brand name of the Vantage International Group which is regulated by the Cayman Islands Monetary Authority (CIMA) and advertises the segregation of client funds which are held with Australia’s AA rated National Australia Bank (NAB).

 

Vantage FX offers services perfect for both beginner and professional traders with access to Forex ECN trading and CFD trading on Indices, Commodities and U.S and Hong Kong Shares on the MetaTrader 4 and MetaTrader 5 trading platforms for Mac, PC, iOS and Android as well as social trading platforms such as MyFXbook and Zulutrade.

 

Pros and Cons

 

Pros Cons
Forex ECN Trading. No regulation from Europe or UK regulators.
U.S and Hong Kong Share CFDs. Limited Share CFDs on offer.
Segregated client funds with the National Australia Bank (NAB).
Unique bonus and promotional trading offer.

 

A review on Plus500
 

Plus500

 

Plus500 is a leading CFD trading platform which supports stocks, indices, cryptocurrencies, and Forex. Plus500 charges very low spread-rates and offers traders fast trades on a great platform and supports complex trades, includes negative balance protection, and makes trading an educational and hopefully profitable venture.

 

Pros and Cons

 

Pros Cons
Support for 2000+ products to trade Only CFDs, no direct Forex trades
No commission and low spread costs High rates on margin/leverage accounts
Advanced trades and fast execution Less research data than some competitors

 

What can a trader expect from a broker under ASIC?

 

All traders should safeguard their investment by ensuring that their chosen broker is authentic and reliable before making deposits of money or proceeding to trade. Even though the market is so big and it would seem that they won’t be, many brokers are dishonest about whether they are licenced in order to continue indulging in scams and fraud.

 

Brokers based in Australia must have licencing from the financial services will have the ASIC on their records and lists. Every broker under ASIC in Australia has a unique Australia Financial Services Licence number verifiable by checking the ASIC’s official website.

 

A trader must proceed with extreme caution if the broker refuses to provide the information as ASIC requires that all information about the broker must be availed to traders when requested.

 

If one of the previously mentioned ASIC brokers have not matched the chosen criteria, there as a few more that traders can take a look at – the Best ASIC Forex Brokers include:

 

A review of Anzo Capital
 

Anzo Capital

 

Anzo Capital accepts clients from all over the world, excluding USA and distinctive features include:

 

  • Tight spreads on major currency pairs.
  • Simple registration and verification process.
  • Negative balance protection promised.

 

Trading Instruments on offer include:

 

45+ Currency Pairs Based on major and minor world currencies.
5 Crypto Pairs Based on Bitcoin, Bitcoin Cash, Ethereum, Litecoin and Ripple.
11 Indice CFDs Based on baskets of different blue-chip stocks.
2 Metal Spot CFDs Based on Gold and Silver.
2 Energy Spot CFDs Based on Crude Oil (WTI, Brent).

 

A review of ThinkMarkets
 

ThinkMarkets

 

Think Markets group accepts clients from all over the world but exclude traders from the USA, Canada, Japan and some other countries where restrictions apply.

 

  • Authorised and regulated by credible government agencies.
  • Various tutorials, guides, educational materials and trading tools.
  • More than a thousand stocks and dozens of ETFs.
  • Negative balance protection promised.
  • Tight spreads on major currency pairs.
  • Bitcoin funding accepted.

 

Trading Instruments on offer include:

 

35+ Currency Pairs Based on major and minor world currencies.
5 Crypto Pairs Based on Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Ripple.
14 Indice CFDs Based on baskets of different blue-chip stocks and US Dollar Index.
7 Metal CFDs Based on Gold, Silver, Platinum and Copper.
3 Energy CFDs Based on Crude Oil (WTI, Brent) and Natural Gas.
6 Soft Futures Based on Cocoa, Coffee, Cotton, Corn, Soybean, Wheat.
1200+ Stock CFDs Based on shares of AU, US, UK, EU, South Africa and Hong Kong companies.
50+ ETF CFDs Based on exchange-traded funds containing various tradable assets.

 

A review of EightCap
 

EightCap

 

EightCap accepts clients from all over the world, excluding USA and some countries from the OFAC list and distinctive features include:

 

  • Authorised and regulated by a credible government agency.
  • Daily market outlooks and Forex & CFD news.
  • Tight spreads on major currency pairs.

 

Trading Instruments from EightCap on offer include:

 

45+ Currency Pairs Based on major and minor world currencies.
6 Crypto Pairs Based on Bitcoin, Bitcoin Cash, Bitcoin Gold, Ethereum, Litecoin, Ripple.
8 Indice CFDs Based on baskets of different blue-chip stocks.
2 Metal Spot CFDs Based on Gold and Silver.
2 Energy Spot CFDs Based on Crude Oil (WTI, Brent).

 

A review of INGOT Brokers
 

INGOT Brokers

 

INGOT Brokers group accepts clients from all over the world, excluding some countries where restrictions apply and distinctive features on offer include:

 

  • Operates both in regulated and unregulated jurisdictions.
  • Stock CFDs of companies from different regions and countries.
  • Tight spreads on ECN type of trading account.

 

Trading instruments on offer from INGOT Brokers include:

 

30+ Currency Pairs Based on major and minor world currencies.
6+ Currency Futures Based on major world currencies.
5 Crypto Pairs Based on Bitcoin, Dash, Ethereum, Litecoin, Ripple.
12 Cash Indice CFDs Based on baskets of different blue-chip stocks.
4 Metal Spot CFDs Based on Gold and Silver.
3 Metal Futures Based on Gold, Silver and Copper.
3 Energy Futures Based on Crude Oil (WTI, Brent) and Natural Gas.
6 Soft Futures Based on Cocoa, Coffee, Corn, Soymeal, Sugar, Wheat.
200+ Stock CFDs Based on shares of AU, CA, US, UK, EU, Middle East and Asian companies.
30+ ETF CFDs Based on exchange-traded funds containing various tradable assets.

 

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A review about CityIndex
 

CityIndex

 

CityIndex group accepts clients from all over the world, excluding USA, Canada, Afghanistan, Angola, Belarus, Belgium, Burundi, Central African Republic, Chad, Congo, Cote D’Ivoire, Cuba, Equatorial Guinea, Eritrea, Guinea, France, Guinea-Bissau, Haiti, Hong Kong, Iran, Iraq, Israel, North Korea, Lebanon, Liberia, Libya, Myanmar, New Zealand, Nigeria, Sierra Leone, Somalia, Sudan, Syria, Turkmenistan, Uzbekistan, Venezuela, Western Sahara, Yemen, Zimbabwe.

Distinctive features of CityIndex include:

 

  • CityIndex UK offers Spread Betting on currency pairs, shares and commodities.
  • Authorised and regulated by a government agency in several counties.
  • Thousands of stocks available for trading.
  • Tight spreads on major currency pairs.

 

Trading Instruments on Offer from CityIndex includes:

 

80+ Currency Pairs Based on major and minor world currencies.
15 Currency Forwards Based on major world currencies.
5 Crypto Cash CFDs Based on Bitcoin, Bitcoin Cash, Ethereum, Litecoin and Ripple.
17 Indice Cash CFDs Based on baskets of different blue-chip stocks.
20 Indice Futures Based on baskets of different blue-chip stocks, US Dollar Index and Volatility Index.
4 Metal Spot CFDs Based on Gold and Silver.
5 Metal Futures Based on Gold, Silver, Platinum, Palladium and Copper.
6 Energy Futures Based on Crude Oil (WTI, Brent), Heating Oil, Gas Oil, Gasoline and Natural Gas.
18 Soft Futures Based on Coffee, Robusta, Sugar, Corn, Cotton, Cocoa, Wheat, Lumber, Oats, Orange Juice, Soybean, Soybean Oil, Lean Hogs and Live Cattle.
11 Bond Futures Based on US, UK, German and Italian government securities.
4500+ Stock CFDs Based on shares of AU, US, UK and EU companies.
3 Interest Rate Futures Based on Euribor, Eurodollar, Short Sterling.

 

A review about FXOpen
 

FxOpen

 

FxOpen group accepts clients from all over the world, excluding USA and some countries where restrictions apply and distinctive features on offer includes:

 

  • FxOpen AU and SKN has own pool of PAMM accounts.
  • Upon request, a prepaid card may be issued for you.
  • FxOpen is compatible with ZuluTrade and MyFxBook.
  • Tight spreads on major currency pairs.
  • Cryptocurrency funding accepted.

 

Trading instruments on offer include:

 

50+ Currency Pairs Based on major and minor world currencies.
43 Crypto Pairs Based on Bitcoin, Litecoin, Ethereum, Dash, Emercoin, Namecoin, Peercoin, Ripple, Monero, EOS, IOTA, NEO, OMNI.
13 Indice CFDs Based on baskets of different blue-chip stocks.
2 Metal Spot CFDs Based on Gold and Silver.
3 Energy Spot CFDs Based on Crude Oil (WTI, Brent) and Natural Gas.

 

A review of Rakuten Securities
 

Rakuten Securities Group

 

Rakuten Securities group accepts clients from all over the world, excluding USA, Belgium, Russia, Iran, Israel and some other countries where restrictions apply and distinctive features on offer include:

 

  • Tight and fixed spreads on major currency pairs.
  • Fixed spread at EURUSD – 0.5 pips (no commission charged).
  • Authorised and regulated by a government agency in several counties.

 

Rakuten Securities AU offers the following trading instruments:

 

40+ Currency Pairs Based on major and minor world currencies.
10 Indice CFDs Based on baskets of different blue-chip stocks.
2 Metal Spot CFDs Based on Gold and Silver.

 

A review about OANDA
 

Oanda

 

Oanda refused to provide the information regarding which clients (from which countries) are accepted and not by each of their entity and distinctive features include:

 

  • Wide range of helpful tools facilitating the trading process.
  • Authorised and regulated by a government agency in several counties.

 

Trading Instruments on offer from Oanda include:

 

70+ Currency Pairs Based on major and minor world currencies.
16 Indice CFDs Based on baskets of different blue-chip stocks.
24 Metal CFDs Based on Gold, Silver, Platinum, Palladium and Copper.
3 Energy CFDs Based on Crude Oil (WTI, Brent) and Natural Gas.
4 Soft CFDs Based on Corn, Soybean, Sugar, Wheat.
6 Bond CFDs Based on US, UK and German government securities.

 

A review about IFS Markets
 

IFS Markets

 

IFS Markets group accepts clients from all over the world, excluding USA, Canada and Iran and distinctive features on offer include

 

  • More than 10 years on the foreign exchange market.
  • Tight spreads on major currency pairs.
  • Different trading tools.

 

Trading Features on offer include:

 

55+ Currency Pairs Based on major and minor world currencies.
14 Indice CFDs Based on baskets of different blue-chip stocks.
2 Metal Spot CFDs Based on Gold and Silver.
3 Energy Spot CFDs Based on Crude Oil (WTI, Brent) and Natural Gas.

 

A review about Admiral l Markets Review
 

Admiral Markets

 

Admiral Markets group accepts clients from all over the world, excluding USA and some third-world countries and distinctive features include:

 

  • Authorised and regulated by a government agency in several counties.
  • Thousands of stocks and hundreds of ETFs available for trading.
  • Tight spreads on major currency pairs.

 

Trading Instruments on offer includes:

 

45+ Currency Pairs Based on major and minor world currencies.
8 Crypto Pairs Based on Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Dash, Ripple, Monero, Zcash.
16 Indice Cash CFDs Based on baskets of different blue-chip stocks.
4 Indice Futures Based on baskets of different blue-chip stocks and US Dollar Index.
5 Metal Spot CFDs Based on Gold, Silver, Platinum and Palladium.
3 Energy Spot CFDs Based on Crude Oil (WTI, Brent) and Natural Gas.
2 Bond Futures Based on 10-year Germany Bund, 10-year US Treasury Note.
3300+ Stock CFDs Based on shares of US, UK and EU companies.
350+ ETF CFDs Based on exchange-traded funds containing various tradable assets.

 

A review about Global Prime
 

Global Prime

 

Global Prime group accepts clients from all over the world, excluding USA, North Korea, Burma, Congo, Eritrea, Yugoslavia, Iran, Iraq, Lebanon, Liberia, Libya, Somalia, Sudan, Syria and distinctive features include:

  • Licensed and regulated by authorities in two jurisdictions.
  • Different educational guides and trading videos.
  • Tight spreads on major currency pairs.

 

Global Prime group offers the following underlying assets for trading:

 

50+ Currency Pairs Based on major and minor world currencies.
5 Crypto Pairs Based on Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Ripple.
10 Indice CFDs Based on baskets of different blue-chip stocks.
2 Metal Spot CFDs Based on Gold and Silver.
2 Energy Spot CFDs Based on Crude Oil (WTI, Brent).

 

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In Conclusion

 

ASIC Forex brokers have quickly become one of the most popular topics of discussion in the retail Forex trading industry due to the rising number of ASIC regulated brokers and the increased protection of funds provided by the ASIC regulation.  ASIC as a regulator puts the importance of protecting its investors first on the to do list and ASIC protects the investing public and ensures that they do not do business with banned professionals, according to research in South Africa.

 

Frequently Asked Questions

 

What does ASIC in forex trading stand for?

The Australian Securities & Investments Commission

When was ASIC founded?

1998

Who are ASIC forex brokers?

Here is a list of the 27 Best Asic Forex Brokers

Is it safe to trade with ASIC forex brokers?

Regulated brokers are considered the safest brokers to trade with.

Is forex trading legal in Australia?

Yes.

 

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