Top Asic Brokers for 2023
We found 11 online brokers that are appropriate for Trading Asic.
Best Asic Brokers Guide
Updated February 06, 2023
ASIC Regulated Brokers
ASIC is a regulatory commission of the Australian government. This commission aims to regulate companies and financial services. The rules help protect customers, investors, and creditors in Australia. This commission regulates reputable and credible Forex brokers.
Forex brokers with ASIC licenses must comply with strict audits and compliance procedures. These ASIC-regulated brokers manage their clients’ funds to limit catastrophic financial risks.
ASIC Brokers
ASIC brokers also referred 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 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 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:
- Keep tight control of companies with respect to the finance industry in Australia.
- Offer information to clients and ASIC brokers as well about financial markets.
- Ensure the law is being followed by the ASIC brokers, financial companies, and traders.
- Strict implementing of regulatory law.
What does ASIC do for Customers?
The Australian securities and investments commission is responsible for keeping a check on financial markets in Australia. Customer support of the Securities and investments commission usually includes the protection of assets, monitoring all transactions, and ensuring client funds and traders are well off conducting business in the Australian market.
Whether it is forex trading or social trading, every trader will want direct market access. Usually, an online broker can assist with that if someone lacks trading experience. However, investors lacking trader education will be prone to scams and losing money rapidly due to an inadequate trading style or their broker was deliberately at fault. All such discrepancies are eliminated with Asic brokers who offer direct market access in a secure and reliable platform. Australian Securities and investment brokers are experienced and monitored by higher authorities to ensure the safety of clients whether they are trading CFDs, forex, and more. Regulated forex brokers 2023 all hold Australian financial services licenses which solidify their reputability. Hence, they are perfectly safe and ideal for beginner traders and even experienced traders as a whole.
ASIC History
ASIC began its regulatory tasks on January 1, 1991. This commission unifies corporate regulators in Australia. This organization replaces the National Companies and Securities Commission Act and the Corporate Affairs offices. It became the Australian Securities and Investments Commission on July 1, 1998. This organization works to protect customers in superannuation, insurance, and deposit-taking and is responsible for corporate governance, financial services, securities and derivatives, insurance, consumer protection, and financial literacy.
ASIC Regulation
ASIC has several regulatory functions. This commission must ensure the rules work to maintain the integrity of financial markets within Australia. ASIC team members on the commission also have a right to investigate suspected breaches. Once the committee has complete evidence, they will release a notification related to breaches. The process involves banning people from joining credit activities and finances that break the law. In this capacity, ASIC pursues this process by seeking civil penalties from the courts before beginning prosecutions.
The Importance of Joining Regulated Brokers
Joining a regulated Forex broker is crucial before becoming a Forex trader, mainly for safety reasons. A competent regulatory body, such as ASIC, controls, and monitors the financial conditions of the brokers. It means Forex traders can invest without worrying about anything.
These brokers will use funds from traders for the right purposes. However, when a trader joins an unregulated broker, this broker is free to do anything, including using money responsibly. This type of broker is known as a scam or fraud broker. ASIC gives the list of regulated Forex brokers. Then, Forex traders can check the list of the regulated brokers online. Traders will get full information, including the history of the organization, past addresses, the list of directors, former names, and their unique identification numbers.
ASIC will also include data about the type of company or organization, registration date, next review date, and the latest location of the registered office. This commission will also include any professional licenses and registrations if the brokers have them. These brokers will give complete support to their traders since ASIC monitors their activities. As a result, the opportunity to get a profit from Forex Trading is greater.
Forex Trading
Forex market in Australia is quite popular among traders thanks to the impeccable management of the state's securities and investments commission. The foreign currency market is open for Australian traders to join through an online broker. It is not limited to Australian traders either, foreign investors looking to trade currencies and securities through legitimate forex brokers can start in Australia as well.
An ASIC-regulated broker is especially helpful for retail traders and foreigners as their assets are protected by the state authorities. Engaging in exchange-traded funds or trading CFDs becomes more convenient and reliable through ASIC brokers.
In addition to risk management, ASIC brokers also provide negative balance protection and limit maximum leverage to substantial levels and prevent loss. Retail clients and traders' accounts lose money and will be asked to deposit more by brokers. Should they lack funds, brokers will collect money owed to them. To prevent this from happening, ASIC instills negative balance protection and enforces its implementation.
Forex Brokers with ASIC Regulation
Forex traders can start Forex trading by joining several reputable brokers that have ASIC regulations. Specific Forex brokers such as eToro and IC Markets are two regulated Forex brokers in Australia. You can also join other Forex brokers, including FP Markets, City Index, Pepperstone, and XM. All of these brokers have an ASIC license.
FP Markets is one of the regulated brokers. The ASIC license serial number of this broker is 286354. Pepperstone is also a regulated broker with a 414530 ASIC license serial number. Beware of fake serial numbers. Check it on the official website, asic.gov.au.
You will find the full information about the broker when you type the ASIC license serial number. If no information is available, the broker is using a fake license serial number.
Traders or anyone who wants to find more information about regulated brokers as well as its full detail can Visit ASIC.GOV.AU.
This site provides traders with a PDF guide available for download. The PDF reveals a regulation that manages the steps traders can take to minimize the risk of non-compliance. The guide also explains whaT ASIC looks for when traders assess compliance.
Below are some of the areas of responsibility for ASIC:
- Financial services
- Corporate governance
- Insurance
- Securities and derivatives
- Financial literacy
- Consumer protection
In brief, ASIC is highly responsible and provides a safe and secure financial environment for investors, consumers, ASIC brokerages, and other organizations who are related to trading in Australia.
ASIC supervises and simultaneously ensures that the regulatory goals are achieved by making sure rules are followed.
ASiC 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 for recovering investments for duped traders as well as prosecuting the 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 regulations 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 are 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 Regulated Forex Brokers
Whether it's Australian securities or forex, ASIC brokers have customers covered. Complex trading tools and financial instruments become easier to manage and get acquainted with via legitimate brokers. Additionally, trading accounts are safer and protected by Australian financial services license holders. As such, trading forex becomes a breeze with ASIC-regulated forex brokers.
Should you decide on ASIC-regulated forex brokers, there are certain peculiarities you must consider first. Namely, their license, trading costs such as commission fees, overall quality, and lastly the deposit/withdrawal of major currency pairs.
An ASIC-regulated broker must maintain an active license from the securities and investments commission. Otherwise, it could be troublesome.
Always consider the trading costs of forex. Competitive trading fees may cause brokers to charge more investment commission fees.
The broker in general must offer quality assurance and customer support. How many accounts do they offer and what trading platforms do they trade major currency pairs with? These aspects must be considered.
What means of depositing and withdrawing currencies on trading platforms are available and what is the processing time? Consider these as well.
With all this in mind, the best asic-regulated forex is right within your reach.
ASIC Regulated Brokers Verdict
Forex traders need to find the right Forex brokers to get full support. One of the signs of reputable brokers is that they have ASIC regulations. The ASIC regulation supports the brokers’ work based on the standard. As a result, brokers can serve traders maximally. Traders can also get a secure trading process and profit from it because of the help of regulated Forex brokers.
The main reason for ASIC is to ensure traders use brokers that follow strict financial regulations. Traders and people can differentiate between reputable brokers and scam or fraudulent brokers thanks to regulatory bodies. The ASIC regulation system manages these brokers on a list, along with their ASIC license serial numbers. Traders only have to visit the official website to check the serial number to make sure that the broker is regulated. They can even get the complete guide by downloading it on the official website.
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:
- Those companies which offer financial products like financial advisory services and managed funds services.
- The market markers
- The firms which offer trustee company management services.
- Such operators which provide managed investment schemes.
- It offers licenses to ASIC brokers.
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 protecting 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 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 help 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 ASIC.
We've collected thousands of datapoints and written a guide to help you find the best Asic Brokers for you. Our aim is that this information helps you choose a trustworthy, reputable and professional broker who can satisfy your trading needs online. We have compiled a list of what we consider the best asic brokers below.
Reputable Asic Brokers Checklist
There are a number of important factors to consider when picking an online Asic trading brokerage.
- Check your Asic broker has a history of at least 2 years.
- Check your Asic broker has a reasonable sized customer support of at least 15.
- Does the Asic broker fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
- Check your Asic broker has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
- Does your Asic broker have an international presence in multiple countries. This includes local seminar presentations and training.
- Make sure your Asic can hire people from various locations in the world who can better communicate in your local language.
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.
- Minimum deposit to open an account.
- Available funding methods for the below Asic Brokers.
- What you are able to trade with each brokerage.
- Trading Platforms offered by these brokers.
- Spread type (if applicable) for each brokerage.
- Customer support levels offered.
- We show if each brokerage offers Micro, Standard, VIP and Islamic accounts.
Top 15 Asic Brokers of 2023 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
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IC Markets
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eToro
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XM
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AvaTrade
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Pepperstone
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FP Markets
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EasyMarkets
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Plus500
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Admiral
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ThinkMarkets
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Axitrader
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| Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) | Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), FSCA (FSP Number 50926) | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI) | 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, Plus500SEY Ltd is authorised and regulated by the Seychelles Financial Services Authority (Licence No. SD039), Plus500SG Pte Ltd (UEN 201422211Z) holds a capital markets services license from the Monetary Authority of Singapore (MAS) for dealing in capital markets products (License No. CMS100648-1), PLUS500AU (PTY) LTD is regulated by the FSCA (Financial Sector Conduct Authority), Plus500 adheres to MiFID rules | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Financial Sector Conduct Authority (FSCA), Financial Services Authority Seychelles (FSA), TF Global Markets (UK) Limited is authorised and regulated by the Financial Conduct Authority FRN 629628, TF Global Markets (AUST) Limited is the holder of Australian Financial Services License number 424700, TF Global Markets (South Africa)(Pty) Ltd is an Authorised Financial Services Provider (FSP No 49835),TF Global Markets Int Limited Is authorised and regulated by the Financial Services Authority Firm Reference Number SD060 | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Dubai Financial Services Authority (DFSA) |
| Min Deposit | 200 | 50 | 5 | 100 | 200 | 100 | 100 | 100 | 200 | No minimum deposit | No minimum deposit |
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| Used By | 180,000+ | 27,000,000+ | 3,500,000+ | 300,000+ | 89,000+ | 10,000+ | 142,500+ | 23,000,000+ | 10,000+ | 500,000+ | 10,000+ |
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| Platforms | MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android | Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | ThinkTrader, MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, Mac, ZuluTrade, Web Trader, Tablet & Mobile apps |
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| Learn More |
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Up with icmarkets |
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Up with etoro |
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Up with xm |
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Up with avatrade |
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Up with pepperstone |
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Up with fpmarkets |
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Up with easymarkets |
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Up with plus500 |
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Up with admiralmarkets |
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Up with thinkmarkets |
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Up with axitrader |
| Risk Warning | Losses can exceed deposits | 79% of retail investor accounts lose money when trading CFDs with this provider. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77.74% 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. | 71% of retail investor accounts lose money when trading CFDs with this provider | 74-89 % of retail investor accounts lose money when trading CFDs | Losses can exceed deposits | Your capital is at risk | 79% 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. | Losses can exceed deposits | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.89% 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 | Losses can exceed deposits |
| Demo |
IC Markets Demo |
eToro Demo |
XM Demo |
AvaTrade Demo |
Pepperstone Demo |
FP Markets Demo |
easyMarkets Demo |
Plus500 Demo |
Admiral Markets Demo |
ThinkMarkets Demo |
Axitrader Demo |
| Excluded Countries | US, IR, CA, NZ, JP | ZA, ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, KZ, GD, FJ, PT, BB, BM, BS, AG, AI, AW, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, UA, JO, | US, CA, IL, KR, IR, MM, CU, SD, SY | BE, BR, KP, NZ, TR, US, CA, SG | AF, AS, AQ, AR, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, UY, VU, VG, EH, YE, ZW | US, JP, NZ | US, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE | MY, BE, US, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO, AE | US, CA, JP, SG, MY, JM, IR, TR | RU, 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, 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 2023 article further below. You can see it now by clicking here
We have listed top Asic brokers below.
Asic Brokers Table of Contents
- Asic Brokers Explained
- 6 Factors to Consider when Choosing Asic Brokers
- Are Your Asic Brokers Trusted And Established?
- Are The Asic Brokers World Leading?
- What are the Asic Brokers Commissions and Fees?
- What are the Asic Brokers Funding and Withdrawl Methods?
- Find Asic Brokers with Round-the-clock support?
- Make sure the Asic Brokers Offer Comprehensive Trader resources?
- Why Asic Brokers needs to be regulated?
- Asic Brokers FAQ
- What are the best Asic brokers?
- What is the best Asic broker?
- Related Asic Brokers Reviews
- Related Asic Brokers Alternatives
- Related Asic Brokers Comparisons
Asic Brokers Explained
Trading the financial markets with Asic Brokers when conditions are volatile can be difficult, even for experienced traders.
Apart from the educational and other resources made available online, another important factor for traders to consider when looking for Asic Brokers is the platform that a Asic Brokers offer.
Choose Asic Brokers that's at the forefront of innovation and generally considered an industry-leader.
To gain access to the financial markets, you'll need Asic Brokers that you can rely on.
6 Factors to Consider when Choosing Asic Brokers
Follow these five rules for selecting a broker that's right for you:
Are Your Asic Brokers Trusted And Established?
Look for a broker that has a good track record/longevity in the market so that your strategy is your primary concern for navigating the markets. The top rated Asic broker is IC Markets. Established in 2007, and in operation for 12 years IC Markets have a head office in Australia.
IC Markets is regulated. This means IC Markets are supervised by and is checked for conduct by Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.
Another top rated broker is eToro.
eToro was established 2007, and in operation for 14 years eToro have a head office in Cyprus, UK.
eToro is regulated. This means eToro are supervised by and is checked for conduct by Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.
| Broker |
IC Markets
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eToro
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XM
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AvaTrade
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Pepperstone
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FP Markets
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EasyMarkets
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Plus500
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| Year Established | 2007 | 2007 | 2009 | 2006 | 2010 | 2005 | 2001 | 2008 |
| Head Office | Australia | Cyprus, UK | Cyprus | Ireland | Australia | Australia | Cyprus, Australia | Israel |
| Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) | Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), FSCA (FSP Number 50926) | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI) | 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, Plus500SEY Ltd is authorised and regulated by the Seychelles Financial Services Authority (Licence No. SD039), Plus500SG Pte Ltd (UEN 201422211Z) holds a capital markets services license from the Monetary Authority of Singapore (MAS) for dealing in capital markets products (License No. CMS100648-1), PLUS500AU (PTY) LTD is regulated by the FSCA (Financial Sector Conduct Authority), Plus500 adheres to MiFID rules |
| Used By | 180,000+ | 27,000,000+ | 3,500,000+ | 300,000+ | 89,000+ | 10,000+ | 142,500+ | 23,000,000+ |
| Negative balance protection | Yes | Yes | Yes | No | Yes | Yes | Yes | Yes |
| Guaranteed Stop Loss | No | No | No | No | No | No | Yes | Yes |
| Learn More | Visit IC Markets | Visit eToro | Visit XM | Visit AvaTrade | Visit Pepperstone | Visit FP Markets | Visit easyMarkets | Visit Plus500 |
| Risk Warning | Losses can exceed deposits | 79% of retail investor accounts lose money when trading CFDs with this provider. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77.74% 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. | 71% of retail investor accounts lose money when trading CFDs with this provider | 74-89 % of retail investor accounts lose money when trading CFDs | Losses can exceed deposits | Your capital is at risk | 79% 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. |
Are The Asic Brokers World Leading?
Choose a broker that's at the forefront of innovation and generally considered an industry-leader. IC Markets Segregates clients funds and offers over 2250 instruments. IC Markets offers both an online trading platform as well as a mobile platform giving clients easy access to markets.
In addition, the IC Markets platform enables access to a variety of financial markets worldwide. IC Markets is a world-leader when it comes to innovation and they are always looking at ways to improve and to maintain their competitive advantage.
Another good choice when looking for Asic Brokers is eToro. eToro Segregates clients funds and offers over 2000 instruments.
| Broker |
IC Markets
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eToro
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XM
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AvaTrade
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Pepperstone
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FP Markets
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EasyMarkets
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Plus500
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| Instruments Available | 2250 | 2000 | 1000 | 1250 | 1200 | 290 | 200 | 2000 |
| Platforms | MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android | Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps |
| Excluded Countries | US, IR, CA, NZ, JP | ZA, ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, KZ, GD, FJ, PT, BB, BM, BS, AG, AI, AW, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, UA, JO, | US, CA, IL, KR, IR, MM, CU, SD, SY, PT | BE, BR, KP, NZ, TR, US, CA, SG | AF, AS, AQ, AR, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, UY, VU, VG, EH, YE, ZW | US, JP, NZ | US, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE | MY, BE, US, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO, AE |
| Forex pairs offered | 61 | 50 | 55 | 55 | 70 | 70 | 150 | 100 |
| Forex pairs offered | 61 | 50 | 55 | 55 | 70 | 70 | 150 | 100 |
| Major forex pairs | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Minor forex pairs | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Exotic forex pairs | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Cryptocurrencies (availability subject to regulation) | Yes | Yes | No | Yes | Yes | Yes | Yes | Yes |
| Commodities Offered | 20 | 31 | 15 | 17 | 16 | 18 | 12 | 17 |
| Metals | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Energies | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Agricultural | Yes | Yes | No | Yes | Yes | Yes | Yes | Yes |
| Stocks Offered | 2100 | 2042 | 160 | 1000 | 1100 | 10000 | 52 | 1816 |
| UK Shares | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| US Shares | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| German Shares | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Japanese Shares | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
What are the Asic Brokers Commissions and Fees?
Ensure that your broker is transparent with fees and those dues are competitive.
The best rated Asic broker IC Markets offers competitive offers for Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies. IC Markets minimum deposit is 200.
Another top rated Asic broker eToro offers Stocks, Commodities, Forex, CFDs, Social Trading, Indices, Cryptocurrency, Index Based Funds, Exchange Traded Funds (ETF). eToro minimum deposit is 50. Please note that any cryptocurrency availability with any broker is subject to regulation.
| Broker |
IC Markets
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eToro
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XM
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AvaTrade
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Pepperstone
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FP Markets
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EasyMarkets
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Plus500
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| Min Deposit | 200 | 50 | 5 | 100 | 200 | 100 | 100 | 100 |
| Withdrawl Fees | No | Yes | No | No | No | No | No | No |
| Inactivity Fees | No | Yes | Yes | No | No | No | No | Yes |
| Deposit Fees | Varies | No | No | No | No | Yes | No | No |
| CFD Commission Fees | Yes | Yes | No | No | Yes | Yes | No | No |
What are the Asic Brokers Funding and Withdrawal Methods?
When dealing with Asic Brokers having convenient funding and withdrawl facilities makes the trading process and your trading experience smoother.
| Broker |
IC Markets
|
eToro
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XM
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AvaTrade
|
Pepperstone
|
FP Markets
|
EasyMarkets
|
Plus500
|
| Bank transfer | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Credit Cards | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Paypal | Yes | Yes | No | Yes | Yes | Yes | No | Yes |
| Skrill | Yes | Yes | No | No | Yes | Yes | Yes | Yes |
| Payoneer | No | No | No | Yes | Yes | No | No | No |
| Neteller | Yes | Yes | Yes | Yes | Yes | Yes | Yes | No |
Find Asic Brokers with Round-the-clock support?
Customer service is very important when dealing with Asic Brokers.
When investing and dealing with brokers customer support can be a range of customer services to assist customers in making cost effective and correct use the brokers services. It can include assistance in installation, training, troubleshooting, upgrading, and cancelation of a product or service.
Asic Brokers customer support can include Phone answering services, Live chat support and Email customer service support.
IC Markets support a wide range of languages including English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more
eToro support a wide range of languages including English, German, Spanish, French, Italian
IC Markets and eToro offer support where clients are able to call or contact the helpdesk via email or a chat service.
| Broker |
IC Markets
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eToro
|
XM
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AvaTrade
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Pepperstone
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FP Markets
|
EasyMarkets
|
Plus500
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| Support |
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| Languages | English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more | English, German, Spanish, French, Italian | Arabic, Chinese, English, French, German, Greek, Hindi, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Polish, Portuguese, Russian, Spanish, Swedish, Thai, and Turkish | Arabic, Simplified Chinese, Traditional Chinese, Dutch, English, Finnish, French, German, Hungarian, Italian, Indonesian, Japanese, Mongolian, Polish, Portuguese, Russian, Spanish, Swedish, Thai, Malay, Korean and Turkish | English, Spanish, Portuguese, Thai, Russian, Italian, French, German, Polish, Chinese, Vietnamese, and Arabic | English, Arabic, Indonesian, Italian, Spanish, French, Russian, Chinese, Japanese, German, Portuguese, Thai, French, Malay, Greek, Vietnamese, Romanian, Turkish, Slovenian, Dutch, Polish, Finnish, Norwegian, Swedish, Serbian, Lithuanian, Hungarian, Galician, Estonian, Danish, Czech, Croatian, Bulgarian, Basque | English, German, Arabic, Chinese, Spanish and Polish | English, French, Italian, Spanish, Portuguese, German, Dutch, Polish, Arabic, Hebrew, Danish, Norwegian, Czech, Slovak, Bulgarian and Chinese |
| Learn More | Visit IC Markets | Visit eToro | Visit XM | Visit AvaTrade | Visit Pepperstone | Visit FP Markets | Visit easyMarkets | Visit Plus500 |
| Risk Warning | Losses can exceed deposits | 79% of retail investor accounts lose money when trading CFDs with this provider. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77.74% 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. | 71% of retail investor accounts lose money when trading CFDs with this provider | 74-89 % of retail investor accounts lose money when trading CFDs | Losses can exceed deposits | Your capital is at risk | 79% 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. |
Make sure the Asic Brokers Offer Comprehensive Trader resources?
Make sure your broker offers free resources like analysis, education and risk-management tools. With a wealth of knowledge from top analysts, IC Markets and eToro work together to bring the latest news and insights to traders.
For most traders, the first – and sometimes only – concern is pursuing their 'edge'. While that is surely important, along with sound money management habits, to navigating the markets; that step alone does not represent the full preparation. As each trader dives into this important venture, it is important not to forget the most rudimentary yet crucial steps such as selecting the best broker to access the markets.
Why Asic Brokers needs to be regulated?
A regulated Asic broker lowers your risk.
Broker regulation protects consumers. Too little broker regulation can lead to poor services and possibly financial harm.
Asic brokers are regulated to stop fraud. The agent's working capital and clients funded account have to be separated. This amounts to fraud if client money is used to conduct the business. Regulation is required to make sure this does not happen.
Asic Brokers List
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, AndroidCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% 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.
Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mac, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account XM Zero account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5Customer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account Pro Account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Plus500 offer a 100% Free and Unlimited Demo account No Deposit fees/Commissions No hidden fees Competitive fees Tight Spreads
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mac, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
ThinkTrader, MT4, MT5, Mac, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, Mac, ZuluTrade, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Learn more
Losses can exceed deposits