How We Rank Brokers
ASIC is a tier-1 regulator requiring client money segregation at Australian banks, capital adequacy, and membership in the AFCA dispute resolution scheme. Protection equivalent to FCA or CySEC.
ASIC AFSL Status (40%)
Full ASIC authorization with derivatives permissions
Client Money Protection (25%)
Segregation at tier-1 Australian banks
ASIC Compliance History (15%)
Operating track record without major enforcement actions
Trading Costs (10%)
Competitive spreads under ASIC conditions
AU Client Service (10%)
Support quality for Australian retail clients
Top 10 ASIC-Regulated Forex Brokers
Ranked by ASIC AFSL status, client money protection, ASIC compliance history without major enforcement actions, trading costs, and AU client service.
IC Markets
IC Markets is a ASIC and CySEC-regulated broker founded in 2007. With a $200.0 minimum deposit and ASIC oversight and Australian client-money protections, it suits traders who prioritise the protections of Australian tier-1 regulation.
IG Group
Headquartered in London, United Kingdom, IG Group is authorised by ASIC under an Australian Financial Services Licence. Expect typical spread of 0.6 pips on EUR/USD — competitive for this category.
CMC Markets
CMC Markets is authorised by ASIC under an Australian Financial Services Licence. The broker is notable for operating since 1989 (37 years), regulated by FCA and ASIC — factors that matter to traders looking at the protections of Australian tier-1 regulation.
Pepperstone
Founded in 2010 and regulated by ASIC and FCA, Pepperstone holds an ASIC AFSL. The broker offers typical raw spread of 0.1 pips plus $7.0 round-turn commission, placing it among the more competitively-priced options on this list.
FP Markets
FP Markets is a ASIC and CySEC-regulated broker operating since 2005 (21 years). With a $100.0 minimum deposit and ASIC oversight and Australian client-money protections, it suits traders who prioritise the protections of Australian tier-1 regulation.
Saxo Bank
Headquartered in Copenhagen, Denmark, Saxo Bank is authorised by ASIC under an Australian Financial Services Licence. Expect typical spread of 0.6 pips on EUR/USD — competitive for this category.
Axi
Axi is authorised by ASIC under an Australian Financial Services Licence. The broker is notable for founded in 2007, regulated by ASIC and FCA — factors that matter to traders looking at the protections of Australian tier-1 regulation.
Vantage
Founded in 2009 and regulated by ASIC and FCA, Vantage holds an ASIC AFSL. The broker offers typical raw spread of 0.0 pips plus $6.0 round-turn commission, placing it among the more competitively-priced options on this list.
Eightcap
Eightcap is a ASIC and FCA-regulated broker founded in 2009. With a $100.0 minimum deposit and ASIC oversight and Australian client-money protections, it suits traders who prioritise the protections of Australian tier-1 regulation.
FXCM
Headquartered in London, United Kingdom, FXCM is authorised by ASIC under an Australian Financial Services Licence. Expect typical raw spread of 0.4 pips plus $6.0 round-turn commission — competitive for this category.
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