Forex Trading Brokers in Australia

Forex brokers in Australia is regulated by Australian Securities and Investment Commission (ASIC). It is contributes to Australia’s economic reputation and wellbeing by ensuring that Australia’s financial markets are fair and transparent, supported by confident and informed investors and costumers. The regulation administering for safety of investor, consumers and creditor. Since retail forex trading regulated by the ASIC, Australian forex brokers feel reasonable safe and comfortable place to get on with the job .

The Australian Securities and Investments Commission Act 2001 requires us to:

• Maintain, facilitate and improve the performance of the financial system and entities in it
• Promote confident and informed participation by investors and consumers in the financial system
• Administer the law effectively and with minimal procedural requirements , and give it effect
• Receive, process and store, efficiently and quickly, the received information
• Make information about companies that available for public

To be a broker you must be registered agent. They must meet the registration criteria and ASIC’s expectations to be registered agent of ASIC. To be registered agent you must:

• Meet the registration criteria of ASIC : frequently lodging documents with ASIC, representing at least one company by either frequently lodging documents or making payments on the company’s behalf
• Ensure that the companies meet their compliance requirements:
• Lodge necessary documents electronically

As registered agent it is make sure and make costumer feel safety. the Australian regulator basically makes sure that your Australian forex brokers is solvent and has rules in place to prevent scam brokers from operating in Australia. There is no coverage in case of bankruptcy. The brokers in Australia offer high leverage up to 400:1
Lately , The Corporations Amendment (Financial Market Supervision) Act 2010 provides for a new type of rule called market integrity rules. These rules are made by ASIC and apply to market operators, market participants, other prescribed entities and financial products traded on the relevant markets
ASIC Website : http://www.asic.gov.au

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