Forex Brokers in Australia (ASIC)

Forex brokers in Australia are regulated by Australian Securities and Investments Commission (ASIC) and I would rank ASIC as one of the most strict and serious regulators out there. ASIC could easily be among best five forex regulators alongside FCA, CTFC, NFA and FINMA.

Why? Because forex brokers regulated by ASIC are required to hold clients’ deposits in segregated bank accounts. This ensures that the broker cannot use your funds for its own operational or investment expenses. Another reason is that the forex brokers located in Australia and regulated by ASIC are periodically audited by external authorities. Thus, the firms have to adhere to specific rules and are discouraged to do fraud by financial misstatement. Remember that financial and capital strength of a forex broker goes hand in hand with its reliability and security of your deposit.