CFDs and leveraged forex are complex instruments and come with a high risk of losing money rapidly due to leverage. Most retail accounts lose money when trading CFDs. Consider whether you understand how these products work and whether you can afford the high risk of losing your money.

Australian Securities and Investments Commission

The Australian Securities and Investments Commission licenses and supervises financial services firms in Australia.

Our tier
Tier 1
Jurisdiction
Australia
Public register
Open the official register

The Australian Securities and Investments Commission licenses and supervises financial services firms in Australia. A broker that deals in CFDs with Australian retail clients needs an Australian Financial Services (AFS) licence.

What it means for a retail trader

Since 2021 ASIC has capped leverage for retail CFD clients at 30:1 on major currency pairs and required negative balance protection. Client money must be held on trust in segregated accounts. Offshore entities of the same brand are not covered by these rules.

How to check a firm

Search the firm’s legal name or licence number on the official register linked above. Confirm that the name, the number and the website on the register match the firm you are dealing with, and that its permissions cover the product you want to trade. Clone firms often borrow a real firm’s name and number but use a different web address.

Brokers in our database with a ASIC licence

BrokerTrust ScoreYour entity & regulatorMin. depositPlatforms
Admirals Since 2001 48/99 FSA Seychelles #SD073 Admirals SC Ltd $100 MetaTrader 4, MetaTrader 5 Review Visit AdmiralsOfficial site · we earn no commission here
AvaTrade Since 2006 50/99 BVI FSC #SIBA/L/13/1049 Ava Trade Markets Ltd $100 MetaTrader 4, MetaTrader 5, Own platform Review Visit AvaTradeOfficial site · we earn no commission here
Axi Since 2007 36/99 SVG FSA #25417 BC 2019 AxiTrader Limited $0 MetaTrader 4, MetaTrader 5 Review Visit AxiOfficial site · we earn no commission here
Capital.com Since 2016 44/99 SCB #SIA-F245 Capital Com Online Investments Ltd $20 Own platform, MetaTrader 4, TradingView Review Visit Capital.comOfficial site · we earn no commission here
City Index Since 1983 · NASDAQ: SNEX (parent) 89/99 FCA #446717 StoneX Financial Ltd — Own platform, MetaTrader 4, TradingView Review Visit City IndexOfficial site · we earn no commission here
CMC Markets Since 1989 · LSE: CMCX 91/99 FCA #173730 CMC Markets UK plc $0 Own platform, MetaTrader 4, TradingView Review Visit CMC MarketsOfficial site · we earn no commission here
Eightcap Since 2009 46/99 SCB #SIA-F220 Eightcap Global Ltd $100 MetaTrader 4, MetaTrader 5, TradingView Review Visit EightcapOfficial site · we earn no commission here
eToro Since 2007 · NASDAQ: ETOR 56/99 FSA Seychelles #SD076 eToro (Seychelles) Ltd $50 Own platform Review Visit eToroOfficial site · we earn no commission here
FBS Since 2009 38/99 FSC Belize FBS Markets Inc. $5 MetaTrader 4, MetaTrader 5, Own platform Review Visit FBSOfficial site · we earn no commission here
FOREX.com Since 2001 · NASDAQ: SNEX (parent) 62/99 CIMA #25033 GAIN Global Markets Inc. $100 Own platform, MetaTrader 4, MetaTrader 5, TradingView Review Visit FOREX.comOfficial site · we earn no commission here
FP Markets Since 2005 30/99 SVG FSA FP Markets LLC $100 MetaTrader 4, MetaTrader 5, cTrader, TradingView Review Visit FP MarketsOfficial site · we earn no commission here
IC Markets Since 2007 38/99 FSA Seychelles #SD018 Raw Trading Ltd $200 MetaTrader 4, MetaTrader 5, cTrader, TradingView Review Visit IC MarketsOfficial site · we earn no commission here
IG Since 1974 · LSE: IGG 60/99 BMA IG International Limited — Own platform, MetaTrader 4, TradingView Review Visit IGOfficial site · we earn no commission here
Interactive Brokers Since 1978 · NASDAQ: IBKR 91/99 CFTC/NFA #0258600 Interactive Brokers LLC $0 Own platform, TradingView Review Visit Interactive BrokersOfficial site · we earn no commission here
OANDA Since 1996 54/99 BVI FSC OANDA Global Markets Ltd $0 Own platform, MetaTrader 4, MetaTrader 5, TradingView Review Visit OANDAOfficial site · we earn no commission here
Pepperstone Since 2010 54/99 SCB #SIA-F217 Pepperstone Markets Limited $0 MetaTrader 4, MetaTrader 5, cTrader, TradingView Review Visit PepperstoneOfficial site · we earn no commission here
Plus500 Since 2008 · LSE: PLUS 62/99 FSA Seychelles #SD039 Plus500SEY Ltd $100 Own platform Review Visit Plus500Official site · we earn no commission here
ThinkMarkets Since 2010 48/99 FSA Seychelles #SD060 TF Global Markets Int Limited $0 MetaTrader 4, MetaTrader 5, TradingView, Own platform Review Visit ThinkMarketsOfficial site · we earn no commission here
Vantage Since 2009 46/99 VFSC #700271 Vantage Global Limited $50 MetaTrader 4, MetaTrader 5, TradingView, Own platform Review Visit VantageOfficial site · we earn no commission here
XM Since 2009 40/99 FSC Belize XM Global Limited $5 MetaTrader 4, MetaTrader 5 Review Visit XMOfficial site · we earn no commission here

Trust Score and regulator are shown for the legal entity that serves your country. Change country at the top of the page.