What is ASIC regulated broker?

ASIC (Australian Securities and Investments Commission) regulates brokers with AFS (Australian Financial Services) licenses. This means that ASIC-regulated brokers adhere to Australian laws of dealings with financial securities. In cases of disputes between a trader and a broker where the complaint cannot be resolved internally, ASIC will intervene to weigh in on the issue. The term 'ASIC-licensed broker' refers to a broker that holds an ASIC license, but it does not necessarily mean they are regulated by ASIC.

Which ASIC brokers are the best for traders from Australia?

These 2 ASIC brokers are the best choices for traders from Australia based on our experts' tests and recommendations: This is why we think these brokers are the best in this category: IG - Founded in 1974, IG is part of IG Group Holdings Plc, a publicly traded (LSE: IGG) brokerage.

What does ASIC mean in forex trading?

ASIC stands for the Australian Securities and Investments Commission and it regulates financial operations and dealings with financial securities in Australia. Forex brokers based in Australia must obtain an Australian financial services (AFS) license from ASIC to conduct a financial services business.