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Forex regulation in Australia

This page explains the authorities and public records connected with retail forex and CFD activity in Australia. Rules can depend on the product, legal entity, client type and location.

Regulatory overview

ASIC licenses many of the world's largest retail brokers. Australian retail accounts are capped at 1:30 on majors with negative balance protection.

Authorities

Australian Securities and Investments CommissionAAAASIC · Tier one · Strongest assessed environmentLicenses firms under an Australian Financial Services Licence and sets product intervention rules for CFDs sold to retail clients.

Broker records

BrokerAuthorityLicenceStatus
IC Markets logoIC Markets 9.6/10ASICAFSL 335692Review pendingView licence record
AvaTrade logoAvaTrade 9.2/10ASIC406684Review pendingView licence record
XM logoXM 9.2/10ASICAFSL 443670Review pendingView licence record
Admirals logoAdmirals 9.0/10ASICAFSL 410681Review pendingView licence record
eToro logoeToro 9.0/10ASICAFSL 491139Review pendingView licence record
Plus500 logoPlus500 9.0/10ASICAFSL 417727Review pendingView licence record
Eightcap logoEightcap 8.9/10ASICAFSL 391441Review pendingView licence record
Focus Markets logoFocus Markets 8.8/10ASICAFSL 514425Review pendingView licence record
easyMarkets logoeasyMarkets 8.7/10ASICAFSL 246566Review pendingView licence record
MultiBank Group logoMultiBank Group 8.7/10ASICAFSL 416279Review pendingView licence record
Fusion Markets logoFusion Markets 8.6/10ASICAFSL 385620Review pendingView licence record
CMC Markets logoCMC Markets 8.5/10ASICAFSL 238054Review pendingView licence record
FP Markets logoFP Markets 8.5/10ASICAFSL 286354Review pendingView licence record
GO Markets logoGO Markets 8.5/10ASICAFSL 254963Review pendingView licence record
IG logoIG 8.5/10ASICAFSL 220440Review pendingView licence record
ACY Securities logoACY Securities 8.4/10ASICAFSL 403863Review pendingView licence record
Capital.com logoCapital.com 8.4/10ASICAFSL 513393Review pendingView licence record
Saxo Bank logoSaxo Bank 8.4/10ASICNot confirmedReview pendingView licence record
ThinkMarkets logoThinkMarkets 8.4/10ASICNot confirmedReview pendingView licence record
Axi logoAxi 8.3/10ASICAFSL 318232Review pendingView licence record
TMGM logoTMGM 8.3/10ASICAFSL 436416Review pendingView licence record
Blueberry Markets logoBlueberry Markets 8.2/10ASICAFSL 535887Review pendingView licence record
FOREX.com logoFOREX.com 8.2/10ASICNot confirmedReview pendingView licence record
IronFX logoIronFX 8.2/10ASICAFSL 417482Review pendingView licence record
EC Markets logoEC Markets 8.1/10ASICAFSL 388737Review pendingView licence record
STARTRADER logoSTARTRADER 8.1/10ASIC421210Review pendingView licence record
FXCM logoFXCM 8.0/10ASICAFSL 309763Review pendingView licence record
Pepperstone logoPepperstone 8.0/10ASICAFSL 414530Review pendingView licence record
Trading.com logoTrading.com 8.0/10ASICAFSL 443670Review pendingView licence record
Tradu logoTradu 8.0/10ASICAFSL 309763Review pendingView licence record
ATFX logoATFX 7.9/10ASIC418036Review pendingView licence record
Global Prime logoGlobal Prime 7.9/10ASICAFSL 385620Review pendingView licence record
VT Markets logoVT Markets 7.9/10ASICAFSL 516246Review pendingView licence record
Mitrade logoMitrade 7.8/10ASICAFSL 398528Review pendingView licence record
Vantage logoVantage 7.8/10ASICAFSL 428901Review pendingView licence record
City Index logoCity Index 7.7/10ASICAFSL 345646Review pendingView licence record
Fortrade logoFortrade 7.7/10ASICAFSL 493520Review pendingView licence record
Trade Nation logoTrade Nation 7.7/10ASICNot confirmedReview pendingView licence record
Trading 212 logoTrading 212 7.7/10ASICNot confirmedReview pendingView licence record
OANDA logoOANDA 7.5/10ASICNot confirmedReview pendingView licence record

Client protections

Under ASIC

Client-money rules
Confirmed
Capital requirements
Varies by licence
Negative balance protection
Required for eligible clients
Leverage restrictions
Applies to eligible retail clients
Compensation scheme
Not available
External dispute resolution
Available subject to eligibility
Risk disclosures
Required for relevant firms
Reporting or audit
Required for relevant firms

Complaint routes

Official warnings

No official warnings connected with Australia are recorded.

Browse the warnings directory.

Frequently asked questions

Is forex trading regulated in Australia?

ASIC is the authority on record for Australia. ASIC licenses many of the world's largest retail brokers. Australian retail accounts are capped at 1:30 on majors with negative balance protection.

Does a foreign licence protect a trader in Australia?

Only when the account is legally contracted with the licensed entity and the licence permits the relevant service. A broker brand may operate several entities, and the protections follow the entity that signs the account agreement, not the brand.

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