| Broker | Country | Rating | Min. Deposit | Website |
 | US | /5 | $50 | Click for a special offerWebsite |
 | USA | /5 | $250 | Click for a special offerWebsite |
 | UK, Cyprus, Belize | /5 | $5 | Click for a special offerWebsite |
 | Australia | /5 | $100 | Click for a special offerWebsite |
 | UK, Australia | /5 | $50 | Click for a special offerWebsite |
 | Cyprus, SVG | /5 | $100 | Click for a special offerWebsite |
Australia is one of the main forex centers in the world and is expected to attract even more forex brokers now that Europe is officially capping the maximum leverage levels available to retail investors. It offers quite favorable conditions for financial services providers. However, the local financial regulator, the Australian Securities and Exchanges Commission (ASIC), has set certain requirements they have to meet, which guarantees their clients a high level of service.
ASIC requires licensed financial services providers to meet capital requirements of AUD 1 million, to keep clients’ money in segregated accounts and to follow certain internal procedures including risk management, staff training, accounting, audits, and more.
Another feature of Australian regulatory environment that many will find attractive is the fact that ASIC has imposed no limitation on maximum leverage. So, unlike EU and US brokerages, forex brokers based in Australia are free to offer leverage ratios as high as 1:500. That being said, we feel obliged to mention that high leverage can be very risky, if misused.
Unlike many European brokers, however, Australian ones are not covered by any compensation scheme. This is probably the biggest downside of Australian regulation and the main difference between ASIC and other top-rated regulators. A compensation scheme is a mechanism which requires brokers to set aside part of their profits in a pool, which later serves to insure clients’ funds, in case the broker goes bankrupt. By comparison, FCA-regulated brokerages are under the umbrella of the Financial Services Compensation Scheme (FSCS), which protects consumers up to £50,000 per person.
Australian forex brokers
| Broker | Country | Rating | Min. Deposit | Website |
| Australia | /5 | $100 | Click for a special offerWebsite |
| UK, Australia | /5 | $50 | Click for a special offerWebsite |
 | Australia | /5 | $200 | Read the review |
 | US, UK, CA, SG, AU, JP | /5 | $1 | Read the review |
 | Australia | /5 | $1 | Read the review |
 | UK | /5 | n/a | Read the review |
 | Australia | /5 | $1 | Read the review |
 | Australia | /5 | $1 | Read the review |
 | Cyprus, Australia | /5 | $100 | Read the review |
 | Australia | /5 | $500 | Read the review |
 | Australia | /5 | - | Read the review |
 | Australia | /5 | $200 | Read the review |
 | Australia | /5 | $500 | Read the review |
 | Australia | /5 | n/a | Read the review |
 | Australia | /5 | $100 | Read the review |
 | Australia | /5 | $2000 | Read the review |
 | SVG, Australia | /5 | $100 | Read the review |
Australian forex brokers news
Australians have lost over $33 mln in investment scams since January
For the first nine months of 2019 traders in Australia have lost over 33 million USD in investment scams, the latest data
ASIC to ban binary options, cap leverage on CFDs
The Australian Securities and Investments Commission (ASIC) seeks to ban the sale of binary options and to severely tighten the rules for
ASIC blacklists a clone website and 4 offshore brokers
The financial regulator in Sydney – the Australian Securities and Investments Commission (ASIC) has blacklisted five more scam brokers, among which one
Vantage FX will cancel services to traders outside Australia
Vantage Prime through its Australian subsidiary Vantage Global Prime will no longer service non-Australian traders, the brokerage group announced in an e-mail
Australian authorities shut down two crypto exchanges on criminal charges
The Australian Transaction Reports and Analysis Centre (AUSTRAC) announced on Friday that it has taken the licenses of two crypto currency exchanges,
ASIC gives unregulated brokerage 4FXF the boot
Unregulated Forex brokerage 4XFX has been blacklisted by Australian financial watchdog The Australian Securities and Investment Commission (ASIC). Traders are advised not to
ASIC warns about 4XFX – a potential scam
The Australian Securities and Investments Commission (ASIC) warns about 4XFX, an Estonian broker, operated by RG Europe Ou. ASIC says 4XFX is
ASIC warns about Brighter Trade, uTrader and other offshore brokers
The Australian Securities and Investments Commission (ASIC) has blacklisted 10 companies, among which Brighter Trade and uTrader, offering financial services to Australian
Australians have been scammed for 35.8 million USD just in 2018
For the first 10 months of the year Australians have lost more than 35,8 million USD to financial scammers, the latest report
ASIC warns against the TopTenBinaryBrokers website
The Australian Securities and Investment Commission (ASIC) has warned the Australians not to use the website TopTenBinaryBrokers.com for signing up for binary
Australian and Canadian regulator warn against Marshall Islands-registered binary options brokers
The Australian Securities and Investment Commission (ASIC) informed the Australian consumers that the Ubinary binary options broker is not authorized to provide
Australia’s ASIC warns of Market City International, Brokers500
Australia’s regulator, the Australian Securities and Investments Commission (ASIC) has put Market City International, operating under the brand Brokers500 on its warning
Japanese forex broker Invast Securities reports record revenue
The Japanese forex broker Invast Securities reported operating revenue of JPY 348 million for January 2016 – a record high since August
Australian forex broker DMM FX waives deposit and withdrawal fees
The Australian forex and CFD broker DMM FX said it will waive deposit and withdrawal fees, starting Monday, 8 February until further
FMA joins in on the ASIC warning against unauthorized binary options broker Banc de Binary
The Financial Markets Authority (FMA), New Zealand financial regulatory body, issued on Wednesday a notice, in which it affirms the Australian Securities
Australia’s ASIC warns against fake unit of forex broker Union Standard
The Australian Securities and Investments Commission (ASIC) issued on Tuesday a notice in which it warned against untruthful claims on www.usgforex.com regarding
