In the past few years Australia has established itself as one of the main forex hubs in the world. With more and more international brokers setting up offices Down Under, Australia's forex market growth keeps growing sustainably.

Australia retail forex broker IC Markets reports record volumes of $ billion for March

The local financial regulator ASIC the Australian Securities and Investments Commission has a firm grip over financial services, securities and derivatives, consumer protection, etc. One of the main roles of ASIC's is to enforce and regulate company and financial services laws to protect Australian consumers, investors and creditors, and so it does — just recently, the regulator raised the minimum net capital requirement for brokers from AUD50, to AUD, to make sure that brokerages are well-capitalized to protect investors from unfavorable events during the next year, this requirement is expected to be increased even further, to AUD1,, Strategy-wise, there are little restrictions: The Australian Securities Investment Commission ASIC announced on Monday it has cancelled the Australian financial service AFS license of retail forex broker GallopFX, as of May 24th.

The report of the Australian Competition and Consumer Commission ACCC for revealed that Investment scheme scams caused the greatest losses to Australians, after romance and dating frauds. The Australian Securities and Investments Commission ASIC said on Wednesday Boca Global Financial Group BocaFX , has improperly been stating on its website it is regulated or authorized by ASIC to provide financial services in the country.

Australian forex broker Ingot Brokers has rectified its cash and cash equivalents arrangements to comply with the financial resource requirements of the Australian Securities and Investments Commission ASIC , the regulator said yesterday.

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Below is a list of forex brokers operating out of Australia. Related News Australia's ASIC cancels the forex broker license of GallopFX May 29 The new EDR for all Australian forex brokers May 12 ASIC says BocaFX is not authorized forex broker in Australia Nov 18 Australian forex broker Ingot Brokers fixes cash reserve to meet ASIC requirements Nov 13 Top Forex Brokers FXTM FXCM HYCM easyMarkets IG XM FxPro FX Choice Windsor Brokers FBS FIBO Group Cyprus Grand Capital TryMarkets EverFX Trading Dukascopy IC Markets OANDA City Index XTB PipIndex Capital Index PhillipCapital UK RoboForex FOREX.

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