Back to Article
Tier 1
Australian Securities & Investments Commission (ASIC)
Australia Regulator
"ASIC is Australia's integrated corporate, markets, financial services and consumer credit regulator. Warning: Ensure you are contracting with the Australian entity (AFSL holder); offshore branches do not offer ASIC protections."
About ASIC
ASIC is an independent Australian government body that acts as Australia's corporate regulator. It was established on July 1, 1998. ASIC enforces financial services laws to protect Australian consumers. Since 2021, it has harmonized leverage rules with Europe to protect retail clients.
Key Investor Protections
- Client Money Rules: Client funds must be held in trust accounts and cannot be used for the broker's hedging or operations.
- Negative Balance Protection: Mandated for retail clients to prevent losses exceeding deposits.
- Internal Dispute Resolution (IDR): Enhanced reporting requirements (2025) ensure brokers handle complaints effectively.
- External Dispute Resolution: Free access to the Australian Financial Complaints Authority (AFCA) for binding rulings.
Max Leverage
Restricted for Retail Clients: 30:1 (Majors), 20:1 (Minors/Gold/Indices), 10:1 (Commodities), 5:1 (Shares), 2:1 (Crypto).
Safety Rating
High
Pros
- Strong legal framework and active enforcement.
- AFCA provides a free, binding dispute resolution mechanism.
- Strict segregation of client money (no hedging use).
- Mandatory negative balance protection.
Cons
- Leverage is strictly restricted for retail clients.
- No government-backed compensation scheme (unlike UK's FSCS) for insolvency.
- Strict onboarding: Non-residents may be redirected to offshore entities.
Top Brokers Regulated by ASIC
WT
6.44
WeTrade
UK
Min DepositN/A
EC
9.24
EC Markets
Seychelles
Min DepositN/A
DB
7.48
DBG Markets
Australia
Min DepositN/A
EB
7.88
EBC Financial Group
UK
Min DepositN/A
AE
7.28
AETOS
Australia
Min DepositN/A
XS
5.21
XS
Australia
Min DepositN/A
KC
7.79
KCM Trade
Mauritius
Min Deposit$50
FP
8.57
Fortune Prime Global
Australia
Min Deposit$100
PU
8.46
PU Prime
Australia
Min Deposit$50
GP
6.92
Global Prime
Australia
Min Deposit$0
AS
7.44
ACY Securities
Australia
Min Deposit$50
DP
5.91
Doo Prime
Singapore
Min Deposit$100
VT
8.68
VT Markets
Australia
Min Deposit$200
FO
6.53
FxOpen
UK
Min Deposit$100
RS
7.54
Rakuten Securities
Japan
Min Deposit$50
TN
9.09
Trade Nation
UK
Min Deposit$0
FC
8.17
FOREX.com
USA
Min Deposit$100
FB
7.58
FBS
Belize
Min Deposit$1
MB
2.54
MultiBank Group
Hong Kong
Min Deposit$50
AV
9.50
AVATRADE
Ireland
Min Deposit$100
FX
9.40
FXCM
United Kingdom
Min Deposit$50
XM
9.32
XM
Cyprus
Min Deposit$5
EC
9.24
EC Markets
United Kingdom
Min Deposit$100
GT
9.23
GTCFX
UAE
Min Deposit$100
FI
9.20
Finalto
United Kingdom
Min Deposit$10000
IC
9.09
IC Markets
Australia
Min Deposit$200
TM
8.55
TMGM
Australia
Min Deposit$100
EI
7.48
Eightcap
Australia
Min Deposit$100
PS
7.77
Pepperstone
Australia
Min Deposit$0
FP
8.88
FP Markets
Australia
Min Deposit$100
VT
8.70
Vantage
Australia
Min Deposit$50
OA
8.24
OANDA
USA
Min Deposit$0
IG
8.26
IG
UK
Min Deposit$250
SX
7.76
Saxo Bank
Denmark
Min Deposit$2000
TH
7.75
ThinkMarkets
Australia
Min Deposit$500
ET
7.58
eToro
Israel
Min Deposit$50
PL
7.99
Plus500
Israel
Min Deposit$100
CM
8.15
CMC Markets
UK
Min Deposit$0
IB
1.49
Interactive Brokers
USA
Min Deposit$0
MK
6.27
Markets.com
Cyprus
Min Deposit$100
AX
8.12
Axi
Australia
Min Deposit$0
AM
8.00
Admiral Markets
Estonia
Min Deposit$100
GO
8.98
GO Markets
Australia
Min Deposit$200
FM
8.30
Fusion Markets
Australia
Min Deposit$0
CC
7.94
Capital.com
Cyprus
Min Deposit$20
AT
8.89
ATFX
UK
Min Deposit$200
EM
8.55
easyMarkets
Cyprus
Min Deposit$25
FT
8.06
Fortrade
UK
Min Deposit$100
IB
6.77
Ingot Brokers
Australia
Min Deposit$100
AC
8.40
Anzo Capital
Belize
Min Deposit$50
AG
7.61
Aus Global
Cyprus
Min Deposit$50
BM
7.55
Blueberry Markets
Australia
Min Deposit$100
MI
8.61
MiTRADE
Australia
Min Deposit$50
IU
6.08
IUX Markets
UK
Min Deposit$10
WT
6.44
WeTrade
UK
Min DepositN/A
EC
9.24
EC Markets
Seychelles
Min DepositN/A
DB
7.48
DBG Markets
Australia
Min DepositN/A
EB
7.88
EBC Financial Group
UK
Min DepositN/A
AE
7.28
AETOS
Australia
Min DepositN/A
XS
5.21
XS
Australia
Min DepositN/A
KC
7.79
KCM Trade
Mauritius
Min Deposit$50
FP
8.57
Fortune Prime Global
Australia
Min Deposit$100
PU
8.46
PU Prime
Australia
Min Deposit$50
GP
6.92
Global Prime
Australia
Min Deposit$0
AS
7.44
ACY Securities
Australia
Min Deposit$50
DP
5.91
Doo Prime
Singapore
Min Deposit$100
VT
8.68
VT Markets
Australia
Min Deposit$200
FO
6.53
FxOpen
UK
Min Deposit$100
RS
7.54
Rakuten Securities
Japan
Min Deposit$50
TN
9.09
Trade Nation
UK
Min Deposit$0
FC
8.17
FOREX.com
USA
Min Deposit$100
FB
7.58
FBS
Belize
Min Deposit$1
MB
2.54
MultiBank Group
Hong Kong
Min Deposit$50
AV
9.50
AVATRADE
Ireland
Min Deposit$100
FX
9.40
FXCM
United Kingdom
Min Deposit$50
XM
9.32
XM
Cyprus
Min Deposit$5
EC
9.24
EC Markets
United Kingdom
Min Deposit$100
GT
9.23
GTCFX
UAE
Min Deposit$100
FI
9.20
Finalto
United Kingdom
Min Deposit$10000
IC
9.09
IC Markets
Australia
Min Deposit$200
TM
8.55
TMGM
Australia
Min Deposit$100
EI
7.48
Eightcap
Australia
Min Deposit$100
PS
7.77
Pepperstone
Australia
Min Deposit$0
FP
8.88
FP Markets
Australia
Min Deposit$100
VT
8.70
Vantage
Australia
Min Deposit$50
OA
8.24
OANDA
USA
Min Deposit$0
IG
8.26
IG
UK
Min Deposit$250
SX
7.76
Saxo Bank
Denmark
Min Deposit$2000
TH
7.75
ThinkMarkets
Australia
Min Deposit$500
ET
7.58
eToro
Israel
Min Deposit$50
PL
7.99
Plus500
Israel
Min Deposit$100
CM
8.15
CMC Markets
UK
Min Deposit$0
IB
1.49
Interactive Brokers
USA
Min Deposit$0
MK
6.27
Markets.com
Cyprus
Min Deposit$100
AX
8.12
Axi
Australia
Min Deposit$0
AM
8.00
Admiral Markets
Estonia
Min Deposit$100
GO
8.98
GO Markets
Australia
Min Deposit$200
FM
8.30
Fusion Markets
Australia
Min Deposit$0
CC
7.94
Capital.com
Cyprus
Min Deposit$20
AT
8.89
ATFX
UK
Min Deposit$200
EM
8.55
easyMarkets
Cyprus
Min Deposit$25
FT
8.06
Fortrade
UK
Min Deposit$100
IB
6.77
Ingot Brokers
Australia
Min Deposit$100
AC
8.40
Anzo Capital
Belize
Min Deposit$50
AG
7.61
Aus Global
Cyprus
Min Deposit$50
BM
7.55
Blueberry Markets
Australia
Min Deposit$100
MI
8.61
MiTRADE
Australia
Min Deposit$50
IU
6.08
IUX Markets
UK
Min Deposit$10
WT
6.44
WeTrade
UK
Min DepositN/A
EC
9.24
EC Markets
Seychelles
Min DepositN/A
DB
7.48
DBG Markets
Australia
Min DepositN/A
EB
7.88
EBC Financial Group
UK
Min DepositN/A
AE
7.28
AETOS
Australia
Min DepositN/A
XS
5.21
XS
Australia
Min DepositN/A
KC
7.79
KCM Trade
Mauritius
Min Deposit$50
FP
8.57
Fortune Prime Global
Australia
Min Deposit$100
PU
8.46
PU Prime
Australia
Min Deposit$50
GP
6.92
Global Prime
Australia
Min Deposit$0
AS
7.44
ACY Securities
Australia
Min Deposit$50
DP
5.91
Doo Prime
Singapore
Min Deposit$100
VT
8.68
VT Markets
Australia
Min Deposit$200
FO
6.53
FxOpen
UK
Min Deposit$100
RS
7.54
Rakuten Securities
Japan
Min Deposit$50
TN
9.09
Trade Nation
UK
Min Deposit$0
FC
8.17
FOREX.com
USA
Min Deposit$100
FB
7.58
FBS
Belize
Min Deposit$1
MB
2.54
MultiBank Group
Hong Kong
Min Deposit$50
AV
9.50
AVATRADE
Ireland
Min Deposit$100
FX
9.40
FXCM
United Kingdom
Min Deposit$50
XM
9.32
XM
Cyprus
Min Deposit$5
EC
9.24
EC Markets
United Kingdom
Min Deposit$100
GT
9.23
GTCFX
UAE
Min Deposit$100
FI
9.20
Finalto
United Kingdom
Min Deposit$10000
IC
9.09
IC Markets
Australia
Min Deposit$200
TM
8.55
TMGM
Australia
Min Deposit$100
EI
7.48
Eightcap
Australia
Min Deposit$100
PS
7.77
Pepperstone
Australia
Min Deposit$0
FP
8.88
FP Markets
Australia
Min Deposit$100
VT
8.70
Vantage
Australia
Min Deposit$50
OA
8.24
OANDA
USA
Min Deposit$0
IG
8.26
IG
UK
Min Deposit$250
SX
7.76
Saxo Bank
Denmark
Min Deposit$2000
TH
7.75
ThinkMarkets
Australia
Min Deposit$500
ET
7.58
eToro
Israel
Min Deposit$50
PL
7.99
Plus500
Israel
Min Deposit$100
CM
8.15
CMC Markets
UK
Min Deposit$0
IB
1.49
Interactive Brokers
USA
Min Deposit$0
MK
6.27
Markets.com
Cyprus
Min Deposit$100
AX
8.12
Axi
Australia
Min Deposit$0
AM
8.00
Admiral Markets
Estonia
Min Deposit$100
GO
8.98
GO Markets
Australia
Min Deposit$200
FM
8.30
Fusion Markets
Australia
Min Deposit$0
CC
7.94
Capital.com
Cyprus
Min Deposit$20
AT
8.89
ATFX
UK
Min Deposit$200
EM
8.55
easyMarkets
Cyprus
Min Deposit$25
FT
8.06
Fortrade
UK
Min Deposit$100
IB
6.77
Ingot Brokers
Australia
Min Deposit$100
AC
8.40
Anzo Capital
Belize
Min Deposit$50
AG
7.61
Aus Global
Cyprus
Min Deposit$50
BM
7.55
Blueberry Markets
Australia
Min Deposit$100
MI
8.61
MiTRADE
Australia
Min Deposit$50
IU
6.08
IUX Markets
UK
Min Deposit$10