Over 150 brokers have been reviewed and traded with since 2011. Over 250 factors across 9 key areas have been analyzed to find out the most suitable ASIC-regulated brokers. By comparing them, we have identified the top performers in various categories. We provide reliable and trusted opinions from a team of trading experts with decades of combined experience.
ASIC (Australian Securities and Investments Commission) accredited brokers are a good option for Australian traders. By doing so, they will be able to rest assured that their broker is adhering to some of the industry's most stringent safety standards.
The maximum leverage for retail derivatives brokers regulated by ASIC is 1:30, and segregated funds must be maintained. Trading risks are reduced by these safety mechanisms, and so, traders are able to take advantage of different opportunities in the market. Before choosing a trustworthy broker, what other factors should Australian traders consider?
Costs are of course a concern - what spreads and commissions are considered competitive? As well as versatile platforms, traders need a variety of account types, a wide range of tradeable instruments, and more. Choosing a reliable broker can be challenging when balancing these factors.
It's not a problem! Since we have reviewed brokers for years, we have developed a comprehensive methodology for assessing their strengths and weaknesses. We want to make sure that our readers are making the right choice. The result was that I identified a number of categories of ASIC-regulated brokers that are more reliable.
IC Markets – the Best Overall ASIC-Regulated Forex Brokers
- Under 66 milliseconds for order execution.
- Platforms that are easy to use.
- Commissions and spreads are low.
- Hosting on a virtual private server (forex VPS).
- Insurance for private indemnity.
