Best Australian Securities and Investments Commission (ASIC) Regulated Brokers 2026

Your capital is at risk. Trade only with funds you can afford to lose.

Tested with a live trading account Accept traders from United States

Our Top Pick in USA 1 Interactive Brokers 4.6/5 Visit

2 Moomoo 3.2/5 Visit

3 Crypto.com 3.5/5 Visit

4 Coinbase 3.5/5 Visit

Compare Interactive Brokers and Moomoo Details

Showing 4 of 4 matching brokers

Filters Order By ... Overall Rating Latest Trust & Regulation Banking & Accounts Assets & Markets Fees & Costs Platforms & Tools Research Education Customer Support iOS App Android App Most Clients Trustpilot Score

1. 1

   Interactive Brokers

   4.6/5 our rating
   Available in United States Not available in United States
   Rating breakdown

   Regulation & Trust 4.7

   Assets & Markets 4.7

   Fees & Costs 4.3

   Platforms & Tools 3.9

   Customer Support 3.0

   Education 4.3

   Research 4.7

   Accounts & Banking 3.9
   Visit Interactive Brokers Read Review

   Interactive Brokers (IBKR) is a leading brokerage offering access to over 170 markets in 40 countries and a range of investment services. With 40+ years in the industry, this Nasdaq-listed company follows strict regulations by the SEC, FCA, CIRO, SFC, Europe and beyond, making it a trusted global trading broker.

   Demo Account

   ✓

   Minimum Deposit

   $0

   Minimum Trade

   $1

   Leverage

   1:50 (major forex pairs), 1:2-1:4 (equities)

   Copy Trading

   ✗

   Regulator

   SEC, FINRA, CFTC, NFA, CIRO, FCA, CBI, ASIC, SFC, SEBI, JFSA, MAS

   Instruments

   Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, Cryptocurrencies, CFDs Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, Cryptocurrencies

   Platforms

   Trader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, TradingView, eSignal, TradingCentral, ProRealTime, Quantower

   Account Currencies

   USD, EUR, GBP, CAD, AUD, INR, JPY, SEK, NOK, DKK, CHF, AED, HUF

   Automated Trading

   TWS API

   AI

   ✓

   Guaranteed Stop Loss

   ✗

2. 2

   Moomoo

   3.2/5 our rating
   Available in United States Not available in United States
   Rating breakdown

   Regulation & Trust 4.2

   Assets & Markets 3.3

   Fees & Costs 3.0

   Platforms & Tools 3.0

   Customer Support 3.3

   Education 4.0

   Research 3.5

   Accounts & Banking 3.0
   Visit Moomoo Read Review

   Moomoo is a regulated trading platform overseen by trusted regulators like the SEC. It provides a simple, cost-effective method to trade in stocks, ETFs, and various assets from China, Hong Kong, Singapore, the US, and Australia. They provide the option for margin trading, along with no minimum deposit requirement, and several bonus options.

   Demo Account

   ✓

   Minimum Deposit

   $0

   Minimum Trade

   $0

   Leverage

   1:2

   Copy Trading

   ✗

   Regulator

   SEC, FINRA, MAS, SFC, ASIC, CIRO, JFSA, SC

   Instruments

   Stocks, Options, ETFs, ADRs, OTCs ,Futures

   Platforms

   Desktop Platform, Mobile App

   Account Currencies

   USD, CAD, AUD, JPY, MYR, HKD, SGD, CNY

   Automated Trading

   Moomoo OpenAPI

   AI

   ✓

   Guaranteed Stop Loss

   ✗

3. 3

   Crypto.com

   3.5/5 our rating
   Available in United States Not available in United States
   Rating breakdown

   Regulation & Trust 3.9

   Assets & Markets 4.0

   Fees & Costs 3.3

   Platforms & Tools 4.0

   Customer Support 2.5

   Education 3.8

   Research 3.8

   Accounts & Banking 3.8
   Visit Crypto.com Read Review

   Crypto.com is a leading cryptocurrency exchange focused on advancing DeFi technologies. It provides token lending, prepaid cards, NFTs, and more. Founded in Hong Kong in 2016, it serves 150 million users.

   Demo Account

   ✗

   Minimum Deposit

   Varies by payment method

   Minimum Trade

   $1

   Leverage

   ✗

   Copy Trading

   ✗

   Regulator

   MAS, AMF, CySEC, CBI, ASIC, FINTRAC, CIMA, VARA, OAM, HCMC, CFTC, OSC, KoFIU, FCA (registered for MLR only), SEC (securities only)

   Instruments

   Crypto, Stocks, ETFs, OTC Options, Tokenized Stocks, Prediction Markets and Strike Options (US only)

   Platforms

   Own, TradingView

   Account Currencies

   USD, EUR, GBP, CAD, AUD, NZD, ZAR, TRY, SEK, NOK, DKK, CHF, HKD, PLN, CZK, AED, SAR, HUF, BRL, KES

   Automated Trading

   DCA Auto-Staking

   AI

   ✗

   Guaranteed Stop Loss

   ✗

4. 4

   Coinbase

   3.5/5 our rating
   Available in United States Not available in United States
   Rating breakdown

   Regulation & Trust 3.5

   Assets & Markets 4.3

   Fees & Costs 3.5

   Platforms & Tools 4.0

   Customer Support 2.5

   Education 3.8

   Research 2.3

   Accounts & Banking 4.3
   Visit Coinbase Read Review

   This post contains affiliate links, and this website will be compensated if you make a purchase after clicking the links.

   Launched in 2012 for buying and selling Bitcoin by bank transfer, Coinbase has grown into a major crypto company. It offers 240+ crypto assets, trading platforms for retail investors, is listed on Nasdaq, and holds licenses from multiple regulators. In May 2025, Coinbase became the first crypto company in the S&P 500, strengthening its reputation.

   Demo Account

   ✗

   Minimum Deposit

   $0

   Minimum Trade

   $2

   Leverage

   ✗

   Copy Trading

   ✗

   Regulator

   CSSF, CBI, CySEC, BaFin, MAS, OSC, ASIC, BMA

   Instruments

   Crypto, Stocks, ETFs (US only), Pre-IPO Perpetual Futures (non-US), Tokenized Stocks

   Platforms

   Coinbase, Advanced Trade, Wallet, NFT, TradingView

   Account Currencies

   USD, EUR

   Automated Trading

   Algo trading via Coinbase Advanced API

   AI

   ✓

   Guaranteed Stop Loss

   ✗

Compare Brokers

Broker		USD Account	Demo Account	Minimum Deposit	Minimum Trade	Leverage	Copy Trading	Regulator	Instruments	Platforms	Account Currencies	Automated Trading	AI	Guaranteed Stop Loss
		✓	✓	$0	$1	1:50 (major forex pairs), 1:2-1:4 (equities)	✗	SEC, FINRA, CFTC, NFA, CIRO, FCA, CBI, ASIC, SFC, SEBI, JFSA, MAS	Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, Cryptocurrencies, CFDs Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, Cryptocurrencies	Trader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, TradingView, eSignal, TradingCentral, ProRealTime, Quantower	USD, EUR, GBP, CAD, AUD, INR, JPY, SEK, NOK, DKK, CHF, AED, HUF	TWS API	✓	✗
		✓	✓	$0	$0	1:2	✗	SEC, FINRA, MAS, SFC, ASIC, CIRO, JFSA, SC	Stocks, Options, ETFs, ADRs, OTCs ,Futures	Desktop Platform, Mobile App	USD, CAD, AUD, JPY, MYR, HKD, SGD, CNY	Moomoo OpenAPI	✓	✗
		✓	✗	Varies by payment method	$1	✗	✗	MAS, AMF, CySEC, CBI, ASIC, FINTRAC, CIMA, VARA, OAM, HCMC, CFTC, OSC, KoFIU, FCA (registered for MLR only), SEC (securities only)	Crypto, Stocks, ETFs, OTC Options, Tokenized Stocks, Prediction Markets and Strike Options (US only)	Own, TradingView	USD, EUR, GBP, CAD, AUD, NZD, ZAR, TRY, SEK, NOK, DKK, CHF, HKD, PLN, CZK, AED, SAR, HUF, BRL, KES	DCA Auto-Staking	✗	✗
		✓	✗	$0	$2	✗	✗	CSSF, CBI, CySEC, BaFin, MAS, OSC, ASIC, BMA	Crypto, Stocks, ETFs (US only), Pre-IPO Perpetual Futures (non-US), Tokenized Stocks	Coinbase, Advanced Trade, Wallet, NFT, TradingView	USD, EUR	Algo trading via Coinbase Advanced API	✓	✗
Broker		USD Account	Demo Account	Minimum Deposit	Minimum Trade	Leverage	Copy Trading	Regulator	Instruments	Platforms	Account Currencies	Automated Trading	AI	Guaranteed Stop Loss

Safety Comparison

Compare how safe the Best Australian Securities and Investments Commission (ASIC) Regulated Brokers 2026 are.

Broker	Trust Rating	Guaranteed Stop Loss	Negative Balance Protection	Segregated Accounts
	4.7	✗	✗	✓
	4.2	✗	✗	✓
	3.9	✗	✗	✓
	3.5	✗	✗	✓
Broker	Trust Rating	Guaranteed Stop Loss	Negative Balance Protection	Segregated Accounts

Mobile Trading Comparison

Compare the mobile trading features of the Best Australian Securities and Investments Commission (ASIC) Regulated Brokers 2026.

Broker	Mobile Apps	iOS Rating	Android Rating	Smart Watch App
	iOS & Android	4.3	4.5	✓
	Yes (iOS & Android)	4.6	3.8	✗
	iOS & Android	4.7	4.5	✗
	iOS & Android	4.7	4.0	✗
Broker	Mobile Apps	iOS Rating	Android Rating	Smart Watch App

Comparison for Beginners

Compare how suitable the Best Australian Securities and Investments Commission (ASIC) Regulated Brokers 2026 are for beginners.

Broker	Demo Account	Minimum Deposit	Minimum Trade	Education Rating	Support Rating	Fractional Shares	Demo Competitions
	✓	$0	$1	4.3	3.0	✓	✗
	✓	$0	$0	4.0	3.3	✓	✗
	✗	Varies by payment method	$1	3.8	2.5	✓	✗
	✗	$0	$2	3.8	2.5	✓	✗
Broker	Demo Account	Minimum Deposit	Minimum Trade	Education Rating	Support Rating	Fractional Shares	Demo Competitions

Comparison for Advanced Traders

Compare how suitable the Best Australian Securities and Investments Commission (ASIC) Regulated Brokers 2026 are for advanced or professional traders.

Broker	Automated Trading	VPS	API	AI	Pro Account	Leverage	Low Latency	Extended Hours
	TWS API	✗	✓	✓	✗	1:50 (major forex pairs), 1:2-1:4 (equities)	✓	✓
	Moomoo OpenAPI	✗	✓	✓	✗	1:2	✓	✓
	DCA Auto-Staking	✗	✓	✗	✗	✗	✗	✓
	Algo trading via Coinbase Advanced API	✗	✓	✓	✗	✗	✓	✓
Broker	Automated Trading	VPS	API	AI	Pro Account	Leverage	Low Latency	Extended Hours

Accounts Comparison

Compare the trading accounts offered by Best Australian Securities and Investments Commission (ASIC) Regulated Brokers 2026.

Broker	Demo Account	Interest on Cash	Islamic Account	Joint Account	Managed Account	PAMM	MAM	LAMM	Pro Account
	✓	USD: 3.38%, GBP: 3.24%	✗	✓	✓	✗	✓	✗	✗
	✓	USD:3.6%	✗	✗	✗	✗	✗	✗	✗
	✗	USD: 5%	✗	✗	✗	✗	✗	✗	✗
	✗	✗	✗	✗	✗	✗	✗	✗	✗
Broker	Demo Account	Interest on Cash	Islamic Account	Joint Account	Managed Account	PAMM	MAM	LAMM	Pro Account

Detailed Rating Comparison

Compare how we rated the Best Australian Securities and Investments Commission (ASIC) Regulated Brokers 2026 in key areas.

Broker	Trust	Platforms	Assets	Mobile	Fees	Accounts	Research	Education	Support
	4.7	3.9	4.7	4.4	4.3	3.9	4.7	4.3	3.0
	4.2	3.0	3.3	4.2	3.0	3.0	3.5	4.0	3.3
	3.9	4.0	4.0	4.6	3.3	3.8	3.8	3.8	2.5
	3.5	4.0	4.3	4.4	3.5	4.3	2.3	3.8	2.5
Broker	Trust	Platforms	Assets	Mobile	Fees	Accounts	Research	Education	Support

Fee and Cost Comparison

Compare the cost of trading with the Best Australian Securities and Investments Commission (ASIC) Regulated Brokers 2026.

Broker	Cost Rating	Fixed Spreads	Inactivity Fee	EUR/USD Spread	Crypto Spread
	4.3	✗	$0	0.1	0.12%-0.18%
	3.0	✗	$0	✗	0.49% per spot Bitcoin trade (US), 0.3% to 0.39% (Singapore)
	3.3	✗	$5	✗	0.075% (spot), 0.034% (derivatives)
	3.5	✗	$0	✗	0.5% - 1% (BTC)
Broker	Cost Rating	Fixed Spreads	Inactivity Fee	EUR/USD Spread	Crypto Spread

Customer Ratings

Compare how customers of these brokers feel about them, with real user ratings from Trustpilot, the Apple App Store and Google Play.

Broker	Customers	Trustpilot Score	Trustpilot Reviews	Android App Rating	iOS App Rating
	4,300,000	3.0	5,544	4.5	4.3
	24,000,000	4.0	736	3.8	4.6
	150,000,000	2.0	9,462	4.5	4.7
	108,000,000	4.0	23,326	4.0	4.7
Broker	Customers	Trustpilot Score	Trustpilot Reviews	Android App Rating	iOS App Rating

Broker Popularity

See how popular the Best Australian Securities and Investments Commission (ASIC) Regulated Brokers 2026 are in terms of number of clients.

Broker	Popularity
Crypto.com	150,000,000
Coinbase	108,000,000
Moomoo	24,000,000
Interactive Brokers	4,300,000

Why Trade With Interactive Brokers?

4.6/5

Interactive Brokers is ideal for seasoned traders due to its robust charting platforms, updated data, and adaptability, especially with the IBKR Desktop application. Its exceptional pricing and advanced order features appeal to traders, and its variety of stocks remains unmatched in the market.

Pros

• Interactive Brokers was awarded 'Best US Broker' for 2025 by DayTrading.com for its dedication to US traders, ultra-low margin rates, and affordable global market access.
• Interactive Brokers has introduced a single platform combining prediction markets from Kalshi, CME Group, and ForecastEx. Users can trade yes/no contracts on political, economic, and climate events, with a fixed $1 payout per contract, 24/6 market access, and interest on qualified positions.
• The TWS platform is designed for intermediate to advanced traders. It includes over 100 order types and a dependable real-time market data feed that rarely experiences downtime.

Cons

• TWS is complex, and beginners might find it difficult to use and understand all its features.
• In 2025, IBKR was fined $11.8 million by the US OFAC for offering services in restricted areas. It also faced a $125,000 fine from FINRA in 2025 for failing to disclose municipal bond information.
• IBKR offers many research tools, but access varies across trading platforms and the web-based 'Account Management' page, creating a confusing user experience.

Visit Interactive Brokers Read Review

Why Trade With Moomoo?

3.2/5

Moomoo is a great option for beginner and intermediate traders aiming to diversify their investment portfolio. The brokerage's app is easily navigable and the trading fees are significantly low.

Pros

• The broker provides early access to trading hours before the market opens.
• Moomoo is a member of FINRA and SIPC, providing added protection for clients.
• API Skills offers agentic investing for retail traders. Users can connect their AI agents, such as Claude or OpenAI, to Moomoo's platform to execute algorithmic strategies using natural language.

Cons

• No negative balance protection, a standard safety feature at top-tier regulated brokers.
• Moomoo has received several regulatory penalties lately, including fines and orders in 2026 that temporarily halted the acceptance of some Japanese and Chinese clients.
• The account options are limited compared to similar brokerages, with no managed portfolios or robo-advisor solutions.

Visit Moomoo Read Review

Why Trade With Crypto.com?

3.5/5

Crypto.com is ideal for new crypto traders looking to buy, sell, and trade over 400 digital tokens. Its strike options and prediction markets cover financial, economic, election, sport, and cultural events. As a CFTC-regulated platform, it provides a secure choice for US traders interested in binary-style contracts using an easy-to-use app.

Pros

• The Crypto.com Exchange platform provides advanced bots like Dollar Cost Averaging (DCA), Time-Weighted Average Price (TWAP), and Grid Trading bots. Traders can automate strategies, including leveraged perpetual trades, reducing manual work and slippage.
• Crypto.com uses a cold wallet system with multi-signature technology and geographic distribution to improve security. This method ensures strong protection of user assets with secure offline storage.
• Crypto.com has integrated TradingView charts, offering the precise charting and technical analysis tools traders need to assess short-term price changes.

Cons

• The app has high bid-ask spreads on many coins, which can be expensive for traders using market orders. Wide spreads mean the buying price is significantly higher than the selling price, reducing profits, especially in low-volume trades.
• Fees apply to crypto and fiat withdrawals, which can be significant for active traders making smaller transfers. The minimum withdrawal limits are also high, limiting flexibility in managing smaller portfolios or immediate liquidity needs.
• Customer support mainly uses chatbots and email, with limited reliable phone support from our testing. This may cause delays in solving urgent issues like account access or transaction problems, which can be frustrating for crypto traders needing quick help.

Visit Crypto.com Read Review

Why Trade With Coinbase?

3.5/5

Coinbase is great for beginners who want an easy-to-use platform to buy and sell various cryptocurrencies, with strong security and regulatory compliance. However, its fees are higher than competitors in our tests, and it’s less suited for short-term traders.

Pros

• Coinbase offers over 240 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and new altcoins like $Trump, providing early access to emerging tokens.
• In 2025, Coinbase Advanced expanded its leveraged trading options with new futures products, including Ripple (XRP), Natural Gas (NGS), and Cardano (ADA), offering more ways to trade, hedge, or diversify.
• Coinbase, listed on Nasdaq, complies with strict financial regulations and is licensed in the US, UK, and Europe. It offers security features like FDIC insurance for USD balances (up to $250,000) and two-factor authentication (2FA).

Cons

• Advanced Trade provides TradingView charts but lacks research tools like news feeds, economic calendars, and AI market insights.
• Received regulatory enforcement actions, including a €21.46M CBI fine against Coinbase Europe Limited in November 2025 for AML and CFT failures involving over 30M unmonitored transactions.
• Customer support is frustrating during testing because most help options require login, making it difficult for locked-out users or those without accounts to get assistance.

Visit Coinbase Read Review

This post contains affiliate links, and this website will be compensated if you make a purchase after clicking the links.

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How We Chose The Top ASIC-Regulated Brokers

We did two things:

1. We investigated and documented the regulatory credentials of every broker in our evolving database. That means we check any broker that claims ASIC authorization (often in the footers of their websites) is on the ASIC Professional Registers Search. We also regularly re-check ASIC registration details, as licenses can be revoked, penalties issued, and permitted activities can change.
2. We ranked ASIC brokers by their total ratings, blending not just their regulatory credentials but also the broader trading package, from fees to platforms, support, and tradeable markets. This blends hands-on testing with the hundreds of data points we collect per brokerage.

What Is ASIC?

Choosing a broker that’s licensed and supervised by a reputable global regulator is essential. Fortunately traders and investors in Australia receive robust protections from the Australian Securities and Investments Commission (ASIC), which has overseen the country’s financial markets since 1998.

ASIC’s roles and powers were laid down in the Australian Securities and Investments Commission Act 2001 (ASIC Act). According to its website, some of the organization’s tasks include:

• “promote confident and informed participation by investors and consumers in the financial system.”
• “maintain, facilitate and improve the performance of the financial system and entities in it.”
• “make information about companies and other bodies available to the public as soon as practicable.”
• “take whatever action we can, and which is necessary, to enforce and give effect to the law.”

ASIC has been designated Category A status under BrokerListings.com’s Regulator Ranking System. This means traders and investors can expect robust protections from fraud and bad business practices.

Pro tip: Under licensing rules, brokerages in Australia must participate in the Compensation Scheme of Last Resort. This means clients may be able to claim up to AUD$150,000 in compensation if the company becomes insolvent, though there’s no guarantee this will be given and other recovery avenues typically have to be exhausted first.

What Powers Does ASIC Have?

ASIC issues licenses to brokerages and – in its own words – has a variety of tools in its arsenal to “prevent and deter actual and future misconduct, improve standards and behaviors within our regulated population, and reduce the risk of harm to Australian consumers and investors.”

The organization closely monitors the conduct of financial services providers itself. But it also acts upon information provided by the general public, information from government agencies and other regulators, and statutory reports from entities including auditors.

Pro tip: Members of the public can make ASIC aware of potential wrongdoing by completing a misconduct form on its website.

The regulator can demand that people and brokers surrender documents, attend interviews and make statements under oath under its investigatory powers. It can also request warrants to seize records and seek court orders to freeze assets while carrying out enforcement work.

If it deems that misconduct has occurred, it has a variety of sanctions at its disposal. These include:

• Requiring firms and individuals to undertake corrective action (such as improving their compliance processes or paying clients compensation).
• Issuing financial penalties.
• Prohibiting people and companies from offering financial services temporarily or permanently.
• Suspending or cancelling financial services or credit licenses.
• Disqualifying individuals from holding management positions.

For more serious cases, ASIC will initiate court proceedings where it can seek to secure substantial fines or prison sentences.

The regulator banned or restricted 16 individuals from providing financial services during the second half of 2025, and issued 22 infringement notices and AUD$6.9m in infringement notice penalties. It also secured 13 custodial sentences through the courts.

What Rules Must An ASIC Broker Follow?

In order to secure and maintain an Australian Financial Services (AFS) License, brokerages must provide their financial services “efficiently, honestly and fairly.” The main piece of legislation underpinning these obligations is the Corporations Act 2001.

Key requirements under the Act include:

• Taking “reasonable steps to obtain the best outcome” for a client when handling and executing a transaction.
• Establishing the “objectives, financial situation and needs of the client” before providing advice.
• Ensuring that costs and charges are clearly displayed and “give a realistic impression of the overall level of fees and costs a consumer is likely to pay.”
• Implementing systems to avoid conflicts of interest, including controls that ensure client instructions “are given preference… over orders on the market participant’s own account.”
• Segregating customer funds and performing “an accurate reconciliation… of the aggregate balance held by it at the close of business on each business day in clients’ segregated accounts.”
• Maintaining “appropriate supervisory policies and procedures to ensure compliance.”

Pro tip: ASIC-licensed brokers are also required to provide negative balance protection on contracts for difference (CFDs). This important safeguard means traders and investors can’t lose more money than they deposit in their accounts.

ASIC is also active in using its powers. For example, in 2026:

• In August, ASIC reported onboarding/distribution issues at some of nine online brokers it reviewed (IBKR, Moomoo, Sharesies, Stake, tastytrade, Tiger Brokers, Totality Wealth, Trading 212, Webull) offering high-risk products including options, futures and fractional shares; two paused some onboarding and one actually exited Australia.
• ASIC removed or restricted 87 firms and individuals in FY25–26, a five-year high, with 61% of cases resulting in permanent bans or the cancelling of licences, though note some of these aren’t aimed at retail trading brokers specifically and include other financial services businesses, such as financial advisors.

How Can I Check That The Brokerage Holds An ASIC License?

Establishing a broker’s regulatory status can be done quickly using the online ‘ASIC Professional Registers Search.’ Individuals can search for financial services companies as well as individuals using this facility.

Let’s say I want to find out if Trade Nation is ASIC-approved. First, I’ll type the name of the company into the search bar of the register and hit ‘Search’:

Source: ASIC

My search brings up dozens of results, with the authorized broker I’m seeking listed at the top (‘Trade Nation Australia Pty Ltd’):

Source: ASIC

I click on it and am taken to the following page:

Source: ASIC

Here I can see Trade Nation’s full profile, which contains a wide range of details on the broker, including:

• Registered address.
• ASIC license number.
• Date of ASIC registration.
• Any previous names under which the company was under.
• The range of financial services it’s approved to provide.

Pro tip: ASIC also maintains a warning list of unlicensed entities it believes are targeting Australian consumers. It’s also possible to search for brokers that have been banned from providing financial services in the country.

Bottom Line

Using an ASIC-licensed broker can help investors avoid fraud and bad business practices. It has other benefits, too, such as potential access to compensation if the service provider goes bust in certain circumstances.

Remember, though, that while ASIC’s supervision and enforcement actions provide valuable safeguards, they do not eliminate all risks. Always carefully look into the brokerage you’re considering – including checking investor forums and investing websites like BrokerListings.com – before submitting personal information or depositing any cash.

Pro tip for Aussie traders:

• You may also want a broker with an AUD account for smooth funding.
• See our pick of the top Australian trading brokers, catered to traders in Australia.