Compare ASiC Regulated Brokers (AU)

Looking for asic regulated brokers (au)? We have compared 8 broker accounts (out of 147) that are suitable for you below.

We found 8 broker accounts (out of 147) that are suitable for ASiC.

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IG

Spreads From

EURUSD 0.6 points See all spreads

What can you trade?

  • Forex
  • Cryptocurrencies
  • Indices
  • Commodities
  • Stocks
  • ETFs

About IG

  • Regulated by: Financial Conduct Authority and ASIC.
  • Used by 195,000+ traders.
  • Established in 1974 HQ in UK.

Platforms

  • MT4
  • MT5
  • Web Trader
  • Mobile App

Funding Methods

  • Credit cards
  • PayPal
  • Bank transfer

Open a demo account

See Deal

76% of retail investor accounts lose money when trading spread bets and CFDs with this provider

Read our in-depth IG review

Account type
EUR/USD Spread From
Commission
Execution
Min. Deposit
CFD
0.6
Fixed Spreads
Yes on share CFDs
STP
$250
Spread Betting
0.6
Fixed Spreads
None
STP
$250
Share Dealing
None
Fixed Spreads
£5
DMA
$250
ThinkMarkets

Spreads From

EURUSD 0.1 points See all spreads

What can you trade?

  • Forex
  • Cryptocurrencies
  • Indices
  • Commodities
  • Stocks
  • ETFs

About ThinkMarkets

  • Regulated by: Financial Conduct Authority and ASIC.
  • Established in 2010 HQ in Australia.

Platforms

  • MT4
  • MT5
  • Web Trader
  • Mobile App

Funding Methods

  • Credit cards
  • PayPal
  • Bank transfer

Open a demo account

See Deal

Losses can exceed deposits

Read our in-depth ThinkMarkets review

Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.

The Ultimate Guide to

Australian Securities and Investment Commission

The Australian Securities and Investment Commission has gained a reputation as one of the toughest regulatory agencies in the world of financial trading. It has strengthened regulation of the financial services industry in Australia, aided in recovery of funds for duped investors and also prosecuted errant operators within the industry.

The Australian Securities and Investment Commission (ASIC) is the agency tasked with the regulation of the financial markets in Australia and territories under Australian control. ASIC is head quartered in Sydney and is present each state and territory in Australia as well. ASIC regulates companies, entities and financial professional professionals working in the Australian financial system.

In other words, ASIC is the regulator for corporations, financial markets and financial services. The all-encompassing role ASIC plays in the Australian financial services industry sets it apart from other regulators around the world who carry out more limited functions.

About ASIC

ASIC was setup under the Australian Securities and Investment Commission Act of 2001, and also carries out most of its corporate regulation under the Corporations Act of 2001. ASIC is therefore mandated by the relevant laws to:

  • Strive to continuously improve the performance of the Australian financial system and all entities operating within it.
  • Ensure that investors and consumers within the Australian financial system participate actively in an informed manner.
  • Administer the provisions of the ASIC act and also provide enforcement of the laws.
  • Ensure that information about companies and other entities in the financial space is publicly available in a timely fashion.

Functions of ASIC

ASIC regulates companies, financial services entities, professionals working in the financial services industry as well as the financial markets. Financial services covered by ASIC regulation include all investment vehicles, deposit-taking businesses, insurance, superannuation and loans.

As a Consumer Credit Regulator

Acting as a regulator of the consumer credit industry in Australia, ASIC regulates individuals and corporate entities that work in the business of providing consumer credit. Therefore, banks, credit unions, finance companies, mortgage brokers and finance brokers are covered by this regulatory function. This regulatory function is covered by the National Consumer Credit Protection Act of 2009.

As a Markets Regulator

The ASIC also conducts regulation of the Australian financial markets and all entities that provide services within it. In other words, ASIC determines which financial derivative instruments and markets can operate within Australia, assess how effectively these financial markets comply with existing regulations and determine if these markets are fair, orderly and transparent. ASIC therefore has the power to license new instruments and markets for the purpose of investment or trading.
ASIC also regulates and supervises the domestic equity, derivatives and futures markets.

As a Financial Services Regulator

ASIC also functions as a regulator of financial services. Therefore, licensing and monitoring of financial services businesses is carried out by ASIC to ensure that they operate in a manner that is honest, efficient and fair. Regulated financial services include fund management businesses, stock trading, derivatives trading and insurance business.

How the ASIC Protects Traders

ASIC performs its consumer protection in several ways. This it does by ensuring that businesses operating in the financial markets, consumer credit and financial services sectors are licensed o do so. Typically, ASIC grants these entities an AFS license. By definition, the following entities must operate with an AFS license:

  • Providers of financial products such as managed funds services or financial advisory services
  • Market makers
  • Operators of managed investment schemes
  • Providers of trustee company management services
  • Companies dealing in financial products i.e. brokers in various financial markets

Therefore, if a company claims to be offering insurance, financial brokerage, margin lending, derivatives trading or similar services, then such a company must have an AFS license and is required to state this clearly on its website. So the first level of protection for traders is to check to see if the company has an Australian Financial Services (AFS) license. This ensures that the entity the trader or investor wants to do business with is answerable to a regulatory body (in this case ASIC) and that there is a pathway to recourse if the trader or investor feels wronged in any way by an entity.
A second level of protection is the presence of a register.
ASIC maintains three registers. These are the registers for business names, professional registers and a register of companies and business which are regulated and licensed to offer services to consumers in the Australian financial system.These registers are available on the ASIC website and a trader, investor or consumer of financial products in Australia can perform a search of a company or financial professional on any of the registers to determine their status with ASIC. We show an example with Plus500, a Cypriot forex brokerage company that also operate in Australia.
asic plus500

asic plus500

After entering the search parameters (search by name or AFS license number), the trader can see the results of the search as shown below, which indicates that Plus500 is licensed and in good standing.
ASIC can also apply sanctions on companies, professionals and those in management of errant companies. This is another level of protection for consumers and is carried out in response to complaints made by consumers as well as problems detected during routine supervision of these companies by ASIC. We see an example shown here where ASIC applied a permanent ban to a financial adviser.
asic public information
By making such information publicly available on its web portal, ASIC protects the investing public and ensures that they do not do business with banned professionals.
ASIC has also undertaken the business of recovery of funds where there has been embezzlement of investor funds, as well as criminal prosecution of those implicated in any such schemes. A case in point is that of David Paul Mudge, a former financial advisor with Windsor Gardens, who pleaded guilty and was sentenced to 27 months in prison for deceiving a client into signing documents that authorised Mr Mudge to withdraw money from the client’s accounts. ASIC was able to recover $99, 315 out of $216, 767 Mudge was ordered by the court to repay his duped client.

Why Choose IG
For ASiC?

IG scored best in our review of the top brokers for asic, which takes into account 120+ factors across eight categories. Here are some areas where IG scored highly in:

  • 44+ years in business
  • Offers 10,000+ instruments
  • A range of platform inc. MT4, Mac, Web Trader, L2 Dealer, Tablet & Mobile apps
  • 24/7 customer service
  • Tight spreads from 0.60pips
  • Used by 195,000+ traders.
  • Offers demo account
  • 4 languages

IG offers four ways to tradeForex, CFDs, Spread Betting, Share dealing. If you wanted to trade EURAUD

The two most important categories in our rating system are the cost of trading and the broker’s trust score. To calculate a broker’s trust score, we take into account a range of factors, including their regulation history, years in business, liquidity provider etc.

IG have a AAA trust score, which is . This is largely down to them being regulated by Financial Conduct Authority and ASIC, segregating client funds, being segregating client funds, being established for over 44

Trust Score comparison

IG ThinkMarkets
Trust Score AAA B
Established in 1974 2010
Regulated by Financial Conduct Authority and ASIC Financial Conduct Authority and ASIC
Uses tier 1 banks
Company Type Private
Segregates client funds

A Comparison of IG vs. ThinkMarkets


Want to see how IG stacks up against ThinkMarkets? We’ve compared their spreads, features, and key information below.



Spread & fee comparsion

The spreads below are illustrative. For more accurate pricing information, click on the names of the brokers at the top of the table to open their websites in a new tab.
IG ThinkMarkets
Fixed Spreads
Variable Spreads
EUR/USD Spread 0.60 0.10
GBP/USD Spread 0.9 1.2
AUD/CAD Spread 2
AUD/CHF Spread 2.5
AUD/JPY Spread 1.3
AUD/NZD Spread 3
AUD/SGD Spread 1.81.6
GBP/AUD Spread 1.91.7
DAX Spread 1.0
FTSE 100 Spread 1.0
S&P500 Spread 0.4

Comparison of account & trading features

IG ThinkMarkets
Platform MT4, Mac, Web Trader, L2 Dealer, Tablet & Mobile apps MT4, Mac, Web Trader, Tablet & Mobile apps
Services Forex, CFDs, Spread Betting, Share dealing Forex, CFDs
Base currency options USD, GBP, EUR, CHF, JPY, SGD, AUD USD, GBP, EUR, CHF, JPY, SGD, AUD, CAD, NZD, CNH
Funding options Payoneer, Credit cards, Bank transfer, PayPal, MasterCard, BPAY, DebitCard, Payoneer, Credit cards, Bank transfer, Neteller, BPAY, UnionPay, FasaPay, DebitCard,
Micro account
ECN account

Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.