Top Asic Brokers for 2020

We found 10 online brokers that are appropriate for Trading Asic.

Best Asic Brokers Guide

ASIC Brokers

ASIC brokers also refered to as the Australian Securities & Investments Commission brokers, are known to be reputable as they abide by strict regulation procedures set by ASIC.

The Australian financial market is regulated by ASIC. ASIC is the main financial regulator. It was established in 1998 as an independent body.

Its primary focus is to protect investors, creditors and consumers in the country with regulatory rules for the companies and financial services.

ASIC brokers have responsibilities set by ASIC which means they have to follow codes of conduct. ASIC monitors brokers and enforces any ill conduct helping clients to trade in the Australian financial markets.

ASIC Brokers

All stock, forex, CFDs and commodities brokers in Australia are highly regulated by ASIC.

ASIC brokers have to follow the strict guidelines including remaining a healthy broker by having operational fund capitalization of at least $1 million.

ASIC brokers should work with tier 1 banks as this will help in keeping broker and clients funds segregated. This is done so a brokerage does not have direct access to your funded money. If an ASIC regulated brokerage goes bankrupt they cannot take your money.

Apart from the above norms, it is mandatory for all the ASIC brokers to get an APC license. AFC gives authorisation to brokers to legally trade in Australia.

AFC stands for Australian Financial Securities and it requires all ASIC brokers to abide by its rules in order to get an APC license.

AFC rules that are strictly followed by ASIC brokers include following risk management standards for traders, providing conflict resolution, streamlining compensation arrangements and abiding by sufficient capitalization.

ASIC Regulations

Regulations are highly important for any financial market to protect traders from fraudulent activities either intentionally or without intention.

The ASIC regulation provides safety, security and reliability in trading. This will further make the financial environment healthy and followed with business ethics. Traders will be able to make a profit and withdraw funds safely.

ASIC regulations also provide compensation to traders if the ASIC brokers become insolvent. This means your money is highly protected if you are making your investments in Australia.

Apart from protections given to traders, the ASIC brokers also benefit. They get more clients for being licensed and more trusted due to strict regulatory norms.

ASIC offers several online resources for free to investors which contain valuable information about the financial environment in the country and trading markets.

Below are some of the important goals of ASIC:

Below are the areas of responsibility of ASIC:

In brief, ASIC is highly responsible and provides a safe and secure financial environment for investors, consumers, ASIC brokerages and other organisations who are related to trading in Australia.

ASIC supervises and simultaneously ensures that the regulatory goals are achieved by making sure rules are followed.

SiC Brokers

ASiC or the Australian Securities and Investment Commission is one of the most strict regulatory agencies in the financial markets anywhere in the world.

ASiC regulation helps to keep investors safe in Australia.

The ASiC is well known in recovering investments for duped traders as well as prosecuting industry's errant operators.

Based in Sydney, the agency regulates Australian financial markets and also those territories that come under Australian control. It has branches in all the states and also the territories.

ASiC Functions

The agency was established in the year 2001 and implements corporate regulation mentioned in the Corporations Act of 2001.

It regulates financial services entities, companies, professionals from the financial industries, financial markets and also the ASiC brokers.

The financial services covered by the agency include loans, superannuation, insurance, deposit-taking businesses and all investment vehicles.

Consumer Credit Regulator

The ASiC regulates the consumer credit segment in the country. It regulates both corporate entities and individuals working in the consumer credit industry.

The entities include banks, finance companies, credit unions and ASiC brokers dealing in finance and mortgage.

Market Regulator

The agency conducts regulation of all the financial entities and markets in the country. It reserves the sole decision rights about which derivative instruments should operate in Australia.

It assesses how the markets and Australian brokerages comply with regulations. It determines if the activities in the markets are fair, transparent and orderly.

ASIC can issue a license for new financial instruments to facilitate more trading and investment. It issues licenses to the so-called ASiC brokers too.

ASIC as a Financial Regulator

The financial services in Australia is also regulated by the ASiC, which monitors such businesses closely and also issues licenses to business houses in the industry.

It is the primary responsibility of ASiC to ensure the market activities are being conducted honestly by financial entities including its ASiC brokers.

The entities which are regulated include stock trading, insurance business, derivatives trading and fund management businesses.

ASiC and Protection of Traders

There are several ways through which the ASiC protects the traders. One of the primary ways is to ensure the business houses in the financial services operate honestly and according to the norms mentioned in the licenses.

ASIC Licenses

Below are some of the entities mentioned to which the ASiC issues licenses:

Suppose a company claims in its documents or advertisements that it is offering financial brokerage, insurance, margin lending and derivatives trading, it needs to get a relevant license from the ASiC. It also needs to mention it on its official website.

This is the first step to protect investors in the Australian financial markets. If the company claims to offer the services without getting a proper license from the ASiC, it is suggested to avoid it and not to make any deal.

Moreover, the agency maintains three registers - business names, register of companies and business, and professional registers. This is the second step to protection. Traders can find these registers on the official website of the ASiC.

ASiC has all the rights and powers to apply sanctions on professionals, companies and management of errant companies. This is another step of protection and is carried out based on complaints from investors.

ASIC Brokers Verdict

Australia is one of the best financial destinations for investors and the credit solely goes to the regulatory agency ASiC as well as its so-called ASiC brokers, which helps in implementing the regulatory framework.

ASIC is one of the best financial regulators in the world and it effectively looks after the implementation of rules set for the financial markets and traders. Traders from across the world trust ASIC brokers and trade safely in Australia thanks to ASIC.

We've collected thousands of datapoints and written a guide to help you find the best Asic Brokers for you. We hope this guide helps you find a reputable broker that matches what you need. We list the what we think are the best asic brokers below. You can go straight to the broker list here.

Reputable Asic Brokers Checklist

There are a number of important factors to consider when picking an online Asic trading brokerage.

Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.

Our brokerage comparison table below allows you to compare the below features for brokers offering Asic Brokers.

We compare these features to make it easier for you to make a more informed choice.

Top 15 Asic Brokers of 2020 compared

Here are the top Asic Brokers.

Compare Asic Brokers min deposits, regulation, headquarters, benefits, funding methods and fees side by side.

All brokers below are asic brokers. Learn more about what they offer below.

You can scroll left and right on the comparison table below to see more asic brokers that accept asic clients

Broker FP Markets IC Markets Pepperstone Plus500 AvaTrade XM ThinkMarkets City Index Admiral Axitrader
Rating
Regulation Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F217 Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546 Central Bank of Ireland, Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Financial Stability Board (FSB), British Virgin Islands Financial Services Commission (BVI) International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC) Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC) Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Monetary Authority of Singapore (MAS) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA)
Min Deposit 100 200 200 100 250 5 250 25 200 No minimum deposit
Funding
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
Used By 10,000+ 60,000+ 10,000+ 15,500+ 200,000+ 70,000+ 10,000+ 14,000+ 10,000+ 10,000+
Benefits
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
Accounts
  • Demo account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • Managed account
  • Islamic account
  • Demo account
  • Mini account
  • Standard account
  • Zero spread account
  • Raw Spread account
  • Islamic account
  • Demo account
  • Mini account
  • Standard account
  • ECN account
  • Islamic account
  • Demo account
  • Standard account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Islamic account
  • Demo account
  • Micro account
  • Standard account
  • Zero spread account
  • Islamic account
  • Demo account
  • Mini account
  • Standard account
  • ECN account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Managed account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • ECN account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • ECN account
  • Islamic account
Spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
Platforms MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, Mac, Mirror Trader, ZuluTrade, Web Trader, Tablet & Mobile apps MT4, MT5, Mac, Web Trader, Tablet & Mobile apps MT4, Mac, Web Trader, Tablet & Mobile apps MT4, Web Trader, Tablet & Mobile apps MT4, MT5, Mac, Web Trader, Tablet & Mobile apps MT4, Mac, ZuluTrade, Web Trader, Tablet & Mobile apps
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Learn More Sign Up with
fpmarkets
Sign Up with
icmarkets
Sign Up with
pepperstone
Sign Up with
plus500
Sign Up with
avatrade
Sign Up with
xm
Sign Up with
thinkmarkets
Sign Up with
cityindex
Sign Up with
admiralmarkets
Sign Up with
axitrader
Risk Warning Losses can exceed deposits Losses can exceed deposits CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money 80.5% of retail investor accounts lose money when trading CFDs with this provider.You should consider whether you can afford to take the high risk of losing your money. 79% of retail investor accounts lose money when trading CFDs with this provider Your capital is at risk Losses can exceed deposits 74% of retail investor accounts lose money when trading CFDs with this provider Losses can exceed deposits Losses can exceed deposits
Demo FP Markets
Demo
IC Markets
Demo
Pepperstone
Demo
Plus500
Demo
AvaTrade
Demo
XM
Demo
ThinkMarkets
Demo
City Index
Demo
Admiral Markets
Demo
Axitrader
Demo
Excluded Countries US, JP, NZ AF, GN, SL, BW, IR, SY, MM, IQ, TG, KH, LS, YE, CI , LR, ZW, CU, LY, TZ, CG, ML, BO, LR, NE, AO, GM, NG, AG, GH, KR, KG, GN, SN, NA BR, KR, IR, IQ, SY, JP, US BE, US, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO BE, BR, KP, NZ, TR, US, CA, SG US, CA, IL, KR, IR, MM, CU, SD, SY AF, Yugoslavia, AO, GM, NG, AW, GH, KR, BY, GN, BO, GN, PK, BW, HT, PG, IR, PN Island, Burma MM, IQ, RW, KH, , SN, CF, JP, Sierra, Leone, TD, KG, SO, CI , LB, SZ, CU, LS, SY, of CG, LR, TJ, DJ, LY, Tanzania, EC, Laos, TG, ER, ML, TM, ET, MN, UG, Falkland Islands, NA, US of America, FJ, NI, YE, ZW US, CF, TD, CG, CG, CI, CU, GN, ER, GN, FR, GW, HT, IR, IQ, KR, LB, LR, LY, MM, NZ, NG, SL, SO, SD, SY, TM, UZ, VE, EH, YE, ZW US, CA, JP, SG, MY, JM, IR, TR US, JP

All Asic brokers in more detail

You can compare Asic Brokers ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.

We also have an indepth Top Asic Brokers for 2020 article further below. You can see it now by clicking here

We have listed top Asic brokers below.

Asic Brokers List

FP Markets
(4/5)
Min deposit : 100
FP Markets was established in 2005 and is used by over 10000+ traders. Losses can exceed deposits FP Markets offers Forex, CFDs

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC)
IC Markets
(4/5)
Min deposit : 200
IC Markets was established in 2007 and is used by over 60000+ traders. Losses can exceed deposits IC Markets offers Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)
Pepperstone
(4/5)
Min deposit : 200
Pepperstone was established in 2010 and is used by over 10000+ traders. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money Pepperstone offers Forex, CFDs, Social Trading

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F217
Plus500
(4/5)
Min deposit : 100
Plus500 was established in 2008 and is used by over 15500+ traders. 80.5% of retail investor accounts lose money when trading CFDs with this provider.You should consider whether you can afford to take the high risk of losing your money. Plus500 offers CFDs

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546
AvaTrade
(4/5)
Min deposit : 250
AvaTrade was established in 2006 and is used by over 200000+ traders. 79% of retail investor accounts lose money when trading CFDs with this provider AvaTrade offers Forex, CFDs, Spread Betting, Social Trading

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, Mac, Mirror Trader, ZuluTrade, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Central Bank of Ireland, Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Financial Stability Board (FSB), British Virgin Islands Financial Services Commission (BVI)
XM
(4/5)
Min deposit : 5
XM was established in 2009 and is used by over 70000+ traders. Your capital is at risk XM offers Forex, CFDs

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mac, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC)
ThinkMarkets
(4/5)
Min deposit : 250
ThinkMarkets was established in 2010 and is used by over 10000+ traders. Losses can exceed deposits ThinkMarkets offers Forex, CFDs

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, Mac, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC)
City Index
(3/5)
Min deposit : 25
City Index was established in 1983 and is used by over 14000+ traders. 74% of retail investor accounts lose money when trading CFDs with this provider City Index offers Forex, CFDs, Spread Betting

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Monetary Authority of Singapore (MAS)
Admiral
(4/5)
Min deposit : 200
Admiral Markets was established in 2001 and is used by over 10000+ traders. Losses can exceed deposits Admiral Markets offers Forex, CFDs

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mac, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC)
Axitrader
(4/5)
Min deposit : 0
Axitrader was established in 2007 and is used by over 10000+ traders. Losses can exceed deposits Axitrader offers Forex, CFDs, Social Trading

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, Mac, ZuluTrade, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA)