ASIC (Australian Securities and Investments Commission) is a popular regulatory body among retail Forex brokers. It combines reasonable policies for traders' protection with the relative ease of getting registered for the brokerage companies. Although being ASIC regulated can serve as a synonym of being based in Australia, not all of the FX brokers listed below have significant presence in the country. Many just uphold enough presence to satisfy the ASIC's requirements — their main motivation is to get regulated by a reputable institution rather than to cater to the Australian traders specifically. You will find 42 brokers listed in the table below.
|Forex Broker||Min. Account Size||Broker Rating||Min. Position Size||Payment||Max. Leverage||Serious Regulation||Spread||US|
|Synergy Markets (ex-Synergy FX)||$100||-||0.01||1:500|
|CLMarkets (ex-Core Liquidity Markets)||$100||-||0.01||1:500|
|Invast Financial Services||$100||-||0.01||1:400|
|Boston Merchant Financial||$50||5.5||0.01||1:400|
Here are the three main reasons to join one of the ASIC regulated foreign exchange brokers: