The best CFD brokers in Australia will depend on your individual trading needs and goals. Some of the key factors to consider when choosing a CFD broker in Australia include regulation, fees and commissions, the trading platform, asset selection, and customer service.
In Australia, CFD brokers are regulated by the Australian Securities and Investments Commission (ASIC). Some popular CFD brokers in Australia include Plus500, eToro, and IG, but there are many other brokers to choose from.
When comparing CFD brokers in Australia, it’s important to carefully research and compare their offerings and to carefully read and understand the terms and conditions of the CFD contract before you start trading. It’s also a good idea to read reviews and check the broker’s reputation to get a sense of their reliability and customer service.
The Australian Securities and Investments Commission (ASIC) is an independent Australian government body that is responsible for regulating the country’s financial markets and financial services providers. ASIC’s mandate is to protect consumers, investors, and creditors, and to enhance the confidence of the public in the financial system.
ASIC was established in 1998 as a merger of the Australian Securities Commission and the Corporate Affairs and Securities Commission. It is an independent Commonwealth government body, with the powers of a regulator, a policy adviser, and a law enforcement agency.
ASIC is responsible for administering and enforcing a range of laws and regulations that apply to the financial services industry, including the Corporations Act, the National Consumer Credit Protection Act, and the Australian Securities and Investments Commission Act. This includes the licensing and supervision of financial services providers, the regulation of financial markets, and the enforcement of laws and regulations.