The Forex Brokers, financial organizations, and investment firms in Australia are all regulated by the ‘Australian Securities and Investment Commission’ (ASIC) which is a self-reliant governmental regulatory body established in 1998. The priority of the ASIC is to guarantee a healthy, transparent, and productive market environment as well as prevent any illegal financial activities. The ASIC strives to promote investors’ certainty towards the Australian Market by administrating the full strength of the law to the authorized firms. In 2009, the ASIC also assumed the ‘Australian Stock Exchange’ as part of its responsibilities. The ASIC aims to eradicate fraudulent activities regarding the offered financial services by informing the public and updating its overall supervisory framework. Below you can find the list of leading Australian ASIC regulated Forex brokers.
|1||XM||2009||ASIC, CySEC, IFSC|
|2||Admiral Markets||2001||ASIC, CySEC, FCA, MiFID|
|3||Marketscom||2008||ASIC, CySEC, FCA, FSCA|
|4||City Index||1983||ASIC, FCA, FSA, IIROC, MAS, NFA|
|5||MultiBank||2005||ASIC, BaFin, FMA, CNMV, FSC, CIMA, RAK|
|6||AvaTrade||2006||ASIC, BVI, CBI, FSCA|
To identify if a forex broker is regulated by ASIC, the first step is to identify the name of the entity from the disclosure text on the broker's homepage. For example, here's the key disclosure text from XM's website.
XM holds a banking license issued by its supervisory authority the ASIC.Next, look up the firm on the list of supervised institutions listed on ASIC's website to validate the firm's current regulatory status. Here is the official ASIC page.
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