Best trading platforms in Australia
Quick answer: In Australia, trading is overseen by the Australian Securities and Investments Commission (ASIC). Pick a platform that is regulated for Australia residents, accepts AUD deposits, and has transparent fees.
What traders in Australia need to know
- Choose a broker holding an Australian Financial Services Licence (AFSL).
- ASIC caps retail CFD leverage at 30:1 for major FX pairs and requires negative balance protection.
- Crypto exchanges must register with AUSTRAC.
How to check a broker or bot is safe
Search the broker's legal name on the official register of the Australian Securities and Investments Commission (ASIC). Make sure the website domain matches the registered entity, never send money to individuals or "account managers", and start with a small deposit to test withdrawals.