The ASIC license is the most popular among broker licenses. Let's see what it is and whether traders can trust brokers with this license. Forex brokers have their own regulators, terms and conditions. In addition, it is normal for traders to check the broker and want to review their licenses, legal information, etc. Most brokers are licensed by ASIC. Let us highlight a detailed look at the license of ASIC brokers and traders. Following these useful tips, you are just a few steps from the Best ASIC Forex Brokers. So read, compare, feel free to open an account now!
Pepperstone is a regulated Forex and CFD broker from Australia which is licenced by the ASIC. This broker allows to trade with Forex, precious metals in the spot market and CFD on different markets, including stocks and indices. As a pure ECN/STP broker, it has many liquidity providers, such as major global banks. The clients of Pepperstone can trade with variable and low spreads, excellent market quotes and market depth access. The company has chosen as a partner the National Bank of Australia with an +AA credit rating. For traders, this means that they will always have access to the best available prices to secure their position as a leading broker.
Demo: Yes \ Crypto: Yes \ Social: Yes \ Leverage: 1:500 \ Scalping: Yes \ Hedging: Yes \ Deposit: $/€/£ - 200
Vantage FX is a leader among Australian Forex brokers and gives traders the ability to access the Forex markets, Indices, Commodities and Stocks CFDs. Vantage FX is an ASIC regulated Forex broker, providing traders access to the global Forex market through top-tier liquidity providers. With Vantage FX, orders are executed at the speed of light, without any lags, and traders get low spreads. Together, these characteristics offer an institutional grade trading experience in all financial instruments.
Demo: Yes \ Crypto: No \ Social: Yes \ Leverage: 1:500 \ Scalping: Yes \ Hedging: Yes \ Deposit: $/€/£ - 200
An international company with a turnover of $20 billion is automatically credible. A company registered in Ireland entered the global financial market in 2006. Customers can choose from several types of platforms. Beginners begin to get acquainted with the intricacies of working on a financial exchange with a demo account. Due to these features, reviews about the AvaTrade broker are mostly positive.
Demo: Yes \ Crypto: Yes \ Social: No \ Leverage: 1:400 \ Scalping: No \ Hedging: Yes \ Deposit: $/€/£ - 100
City Index one of the best CFD brokers in UK offering low spread worldwide markets for trading. The company provides online trading services in more than 140 countries around the world. Traders have access to over 12,000 markets across the board using MetaTrader, Advantage Web, AT Pro. More than 100,000 retail investors worldwide are now using the City Index. They provide services at fair and transparent prices, as well as some of the best customer support. All transactions are carried out with minimal spreads and commissions.
Demo: Yes \ Crypto: Yes \ Social: No \ Leverage: 1:400 \ Scalping: Yes \ Hedging: Yes \ Deposit: $/€/£ - 100
eToro one of the world's largest social networks for traders, which has a reputation as a reliable CFD broker registered in Cyprus. Developers position the company as a network of social trading, where you can independently trade currencies, stocks, cryptocurrencies, indices, goods, copy transactions of successful traders or investors, and discuss trading and investment decisions.
Demo: Yes \ Crypto: Yes \ Social: Yes \ Leverage: 1:400 \ Scalping: No \ Hedging: No \ Deposit: $/€/£ - 100
Forex broker OANDA is an active participant in financial markets. The company stands out among traditional forex dealers, because in addition to providing customers with access to the foreign exchange market, it is also a market maker. Due to this, as well as a well-deserved reputation for over 20 years, the OANDA broker is very popular among traders around the world. The company is primarily focused on providing brokerage services to users from Europe, USA, Australia and Japan. This is a broker known to experienced traders.
Demo: Yes \ Crypto: Yes \ Social: No \ Leverage: 1:50 \ Scalping: Yes \ Hedging: Yes \ Deposit: $/€/£ - 1
The company provides traders with access to the financial markets, allowing them to trade thousands of assets. These financial assets include stocks, forex, cryptocurrencies, CFDs, commodities, and indices. IG has been known to provide top-notch services to their customers over the past few decades, allowing them to access effective trading tools, an economic calendar, market analysis, daily news, an intuitive trading platform, educational resources and other vital resources.
Demo: Yes \ Crypto: Yes \ Social: No \ Leverage: 1:300 \ Scalping: Yes \ Hedging: Yes \ Deposit: $/€/£ - 1
EasyForex was established in 2003 and currently acts as a broker with global reach. It provides its services in over 160 countries worldwide, offering trading in 175 products ranging from currencies, CFDs, commodities and metals, to options on both its proprietary platform and the ever popular MetaTrader. Simple and professional business solutions. From world-class trading platforms with expanded order execution and risk management tools to real-time market data and real-time streaming, Easy-Forex ® helps partners deliver advanced trading technologies and solutions to customers worldwide and is suitable for all skill levels.
Demo: Yes \ Crypto: Yes \ Social: No \ Leverage: 1:400 \ Scalping: Yes \ Hedging: Yes \ Deposit: $/€/£ - 25
«Markets» online forex and CFD broker is a very popular forex broker among traders. In addition to the trademark TradeTech Markets Limited, the company is a serious forex broker that has been in operation since early 2000. Being one of the early leaders in the retail forex space, «Markets» has evolved to become one of the well known and reputable forex brokerages with over 10 years of successfully running the forex brokerage. Broker offers a very wide range of assets, including CFDs on Indices, Currencies, Commodities, Stocks, Cryptocurrencies, ETFs, Blends and Bonds. The platform is unique and has more than 2000 instruments are available.
Demo: Yes \ Crypto: Yes \ Social: No \ Leverage: 1:300 \ Scalping: Yes \ Hedging: Yes \ Deposit: $/€/£ - 100
Plus500 is an industry leader providing CFDs and trading opportunities for Cracyptocurrency, Forex, Stocks, ETFs, Commodities, Indices and Options. All trading instruments on Plus500 are used. The trading platform comes from Plus500 Ltd, which takes several steps to protect customer funds and ensure uninterrupted user interaction. Plus500 portfolio currently has over 2,000 instruments. The company has several branches in Cyprus, South Africa, New Zealand and Singapore, and the main office is located in London.
Demo: Yes \ Crypto: Yes \ Social: No \ Leverage: 1:300 \ Scalping: No \ Hedging: No \ Deposit: $/€/£ - 100
Clients of the bank are thousands of private investors and traders from more than 100 countries of the world. Customer service is carried out from the headquarters of the bank in Copenhagen, as well as from 12 offices located in major cities in the world. Trading is carried out online using the SaxoTrader program, which is a bank's own development. In addition to SaxoTrader, Saxo Bank offers Saxo WebTrader and Saxo MobileTrader Internet programs that allow transactions through an Internet browser and mobile phones.
Demo: Yes \ Crypto: Yes \ Social: No \ Leverage: 1:200 \ Scalping: Yes \ Hedging: Yes \ Deposit: $/€/£ - 10,000
About the ASIC regulator
The ASIC (Australian Securities and Investments Commission) is a government body that oversees transactions in the country’s financial market. The organization controls the activities of stock exchanges, major banking institutions of the country, investment sites and forex brokers. The task of the committee is to develop the financial system of Australia, increase its financial stability, as well as increase the level of confidence of traders in investment companies. The financial regulator is authorized to:
- Maintenance and improvement of the financial system and entities that are part of that system;
- Promotion of participation in the market by informing and encouraging investors and customers;
- Effective law enforcement with minimal procedural requirements;
- Law implementation;
- Information storage and processing;
- Publish information on companies and other bodies for the public.
Key ASIC benefits
Just as with any other regulatory body, the key role of ASIC is in the protection of customers and promotion of transparency within the financial market. This is something they have managed to do well in the Australian market since their inception. Australian traders can legally and safely trade financial assets online. The ASIC is the only national financial services regulator in the country – along with other functions, it is tasked with protecting Australian citizens from financial fraud and ensuring companies offering financial services in the country so that their activities are open and transparent. ASIC also has a licensing mandate for companies that want to offer financial services in the country.