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Tier one Australia

Australian Securities and Investments Commission (ASIC)

Licenses firms under an Australian Financial Services Licence and sets product intervention rules for CFDs sold to retail clients.

Jurisdiction

Australia. ASIC licenses firms under an Australian Financial Services Licence and its rules apply to clients of the Australian entity wherever they live, though brokers usually serve non-residents from other entities.

Role

Product intervention orders since 2021 cap retail leverage at 1:30 on majors, require negative balance protection, ban bonuses and restrict marketing. ASIC requires client money to be held in segregated trust accounts and reconciled daily.

Segregated client money, negative balance protection and a compensation scheme or its equivalent. Retail leverage cap: 1:30 on major currency pairs.

Licence verification

Search ASIC Connect's Professional Registers for the AFS licensee by name or licence number, and confirm the licence is current and authorises dealing in derivatives and foreign exchange contracts for retail clients.

Open the ASIC register (opens in a new tab) ASIC website

Client protections

Segregated client money, negative balance protection and access to the Australian Financial Complaints Authority, which can award compensation. There is no statutory compensation scheme for broker insolvency.

Tier	Tier one: Segregated client money, negative balance protection and a compensation scheme or its equivalent.
Investor protection	Client money segregation and negative balance protection are required for retail CFD accounts.
Retail leverage cap	1:30 on major currency pairs
Compensation	No statutory scheme; the Australian Financial Complaints Authority can award compensation
Complaints	Australian Financial Complaints Authority
Established	1991

Brokers regulated by ASIC

40 brokers in our database hold a ASIC licence through at least one entity. The licence applies to that entity only; check which one serves your country.

IC Markets 9.5/10

Tier-one regulated ASIC, CySEC, Seychelles FSA, Bahamas SCB, Kenya CMA

AvaTrade 9.2/10

Tier-one regulated Central Bank of Ireland, ASIC, BVI FSC, FSCA, Japan FSA, FFAJ, ADGM FSRA, CySEC, CMA Kenya, Israel Securities Authority

XM 9.1/10

Tier-one regulated Belize FSC, CySEC, ASIC, DFSA, FSCA

Admirals 8.9/10

Tier-one regulated FCA, CySEC, ASIC, FSCA, Seychelles FSA, JSC Jordan, CMA Kenya, EFSA

Plus500 8.9/10

Tier-one regulated FCA, ASIC, CySEC, FMA, FSCA, MAS, Seychelles FSA, DFSA, EFSA, SCB Bahamas, CIRO, ISA, JFSA, SCA, CFTC/NFA

eToro 8.8/10

Tier-one regulated FCA, CySEC, ASIC, Seychelles FSA, ADGM FSRA, MAS, SEC/FINRA

Eightcap 8.7/10

Tier-one regulated ASIC, FCA, CySEC, SCB Bahamas, Seychelles FSA, Mauritius FSC

easyMarkets 8.6/10

Tier-one regulated CySEC, ASIC, Seychelles FSA, BVI FSC, FSCA

MultiBank Group 8.5/10

Tier-one regulated ASIC, MAS, CySEC, CIMA, UAE SCA/CMA, Mauritius FSC, Seychelles FSA, Vanuatu VFSC, plus additional group registrations/licences

GO Markets 8.3/10

Tier-one regulated ASIC, CySEC, FSC Mauritius

ThinkMarkets 8.2/10

Tier-one regulated ASIC, FCA, CySEC, FSCA, Seychelles FSA, DFSA, CIMA, Mauritius FSC, New Zealand FMA

CMC Markets 8.0/10

Tier-one regulated FCA, ASIC, BaFin, MAS, FMA New Zealand, CIRO Canada, DFSA

IG 8.0/10

Tier-one regulated FCA, ASIC, BaFin, FINMA, MAS, FMA New Zealand, JFSA, DFSA, BMA, NFA/CFTC

Saxo Bank 8.0/10

Tier-one regulated Danish FSA, FCA, ASIC, FINMA, MAS, JFSA, SFC Hong Kong, DFSA, AMF/ACPR, other European regulators

Capital.com 7.9/10

Tier-one regulated FCA, ASIC, CySEC (319/17, 463/25), Securities Commission of The Bahamas, UAE Capital Market Authority

FP Markets 7.9/10

Tier-one regulated ASIC, CySEC, FSCA, Seychelles FSA, Mauritius FSC, CMA Kenya

ACY Securities 7.8/10

Tier-one regulated ASIC, FSCA South Africa, ACY Capital LLC registered in Saint Vincent, the Grenadines

Axi 7.8/10

Tier-one regulated ASIC, FCA, New Zealand FMA, DFSA

Fusion Markets 7.8/10

Tier-one regulated ASIC, Seychelles FSA, Vanuatu VFSC

IronFX 7.8/10

Tier-one regulated BVI FSC, ASIC, FSCA South Africa

FOREX.com 7.7/10

Tier-one regulated CFTC/NFA, FCA, ASIC, CIRO, CIMA, MAS, JFSA, CySEC

TMGM 7.7/10

Tier-one regulated ASIC, VFSC, Seychelles FSA, Mauritius FSC

Blueberry Markets 7.6/10

Tier-one regulated ASIC, Mauritius FSC, Vanuatu VFSC

EC Markets 7.6/10

Tier-one regulated FCA, ASIC, Seychelles FSA, Mauritius FSC, South Africa FSCA

FXCM 7.6/10

Tier-one regulated FCA, ASIC, CySEC, FSCA

Trading.com 7.5/10

Tier-one regulated FCA, ASIC, CySEC, CFTC/NFA

STARTRADER 7.4/10

Tier-one regulated ASIC, FSCA, Mauritius FSC, Seychelles FSA, UAE CMA

ATFX 7.3/10

Tier-one regulated FCA, ASIC, CySEC, Hong Kong SFC, South Africa FSCA, Mauritius FSC, Seychelles FSA, UAE CMA, Cambodia SERC

Fortrade 7.3/10

Tier-one regulated FCA, ASIC, CySEC, CIRO Canada, Mauritius FSC, DFSA

Mitrade 7.3/10

Tier-one regulated ASIC, CySEC, CIMA, Mauritius FSC, FSCA, UAE CMA

Tradu 7.3/10

Tier-one regulated FCA, CySEC, ASIC, FSCA, Israel Securities Authority, Seychelles FSA

Focus Markets 7.2/10

Tier-one regulated ASIC, Mauritius FSC

Global Prime 7.2/10

Tier-one regulated ASIC, VFSC

Trade Nation 7.1/10

Tier-one regulated FCA 525164, ASIC AFSL 422661, CMVM 601, FSCA 49846, SCB SIA-F216, Seychelles FSA SD150

VT Markets 7.1/10

Tier-one regulated ASIC, FSCA South Africa, Mauritius FSC, UAE CMA

Fintrix Markets 6.8/10

Tier-one regulated Mauritius FSC, Full Service Investment Dealer, licence GB22200883. Not ASIC-regulated: the Australian company, Melbourne office do not constitute an AFSL

OANDA 6.4/10

Tier-one regulated CFTC/NFA, FCA, ASIC, CIRO, MAS, JFSA, other regional regulators

Vantage 6.4/10

Tier-one regulated ASIC, FCA, FSCA, Cayman Islands CIMA, Vanuatu VFSC

City Index 6.3/10

Tier-one regulated FCA, ASIC, MAS, other StoneX group regulators

Trading 212 6.3/10

Tier-one regulated FCA 609146, BaFin 10109603, CySEC 398/21, ASIC AFSL 541122, Bulgarian FSC RG-03-0237

Regulatory facts are the authority's own published position at the last check. Verify any licence on the register before depositing.