{"id":13,"date":"2020-04-27T15:53:21","date_gmt":"2020-04-27T15:53:21","guid":{"rendered":"https:\/\/insidebitcoins.com\/au\/?page_id=13"},"modified":"2024-03-15T06:54:11","modified_gmt":"2024-03-15T06:54:11","slug":"asic-brokers","status":"publish","type":"page","link":"https:\/\/insidebitcoins.com\/au\/asic-brokers\/","title":{"rendered":"Best ASIC Regulated Brokers"},"content":{"rendered":"

The forex and CFD markets have been fast-growing markets over the past two decades but for the past few years, the essence of regulation in the forex markets has become significant to ensure the safety of funds for traders and a transparent market for all participants. The Australian Securities and Investment Commission, also known as ASIC, is one of the most reputable regulators in the industry among brokers and traders. In this article, we will explain all you need to know about ASIC and list the best ASIC-approved Australian Forex brokers<\/a>.<\/p>\n

What is ASIC?<\/span><\/h2>\n

\"Asic\"<\/a>ASIC stands for the Australian Securities and Investment Commission, which is the financial regulatory body in Australia. Founded in 1998, ASIC is responsible for overseeing the activities of financial services and financial markets in Australia, including but not limited to the forex and CFD market. ASIC regulated brokers are favored by traders due to the strict rules for broker regulation but also the availability of high leverage ratio and the elimination of FIFO rule.<\/p>\n

What requirements must brokers meet to be ASIC regulated?<\/span><\/h2>\n

Getting an ASIC license is a long process that takes a long time (a minimum of 6 months) and requires companies to meet strict criteria to be considered safe for retail clients. Some of the main requirements to be approved as an ASIC regulated broker include:<\/p>\n

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