Trading in Australia
Australia is a leading global hub for retail trading, regulated mainly by ASIC, the Australian Securities and Investments Commission.
Top-rated platforms for Australians
Regulation and ASIC rules
ASIC is known for tough consumer protections, including leverage limits and mandatory risk disclosures. Any broker operating in Australia has to hold an Australian Financial Services Licence (AFSL).
The AFSL standard
An AFSL is your first checkpoint. It signals the provider meets ASIC's conduct, capital and disclosure requirements. Confirm the licence on the ASIC register before depositing any funds.
What to check
- AFSL licence. Check the ASIC register to confirm a provider's licence.
- CHESS sponsorship. For shares, consider whether the broker offers CHESS sponsorship for direct ownership.
- CFD restrictions. Know the leverage caps that apply to CFDs for retail clients.
- Account security. Verify how client money is handled and that it is kept segregated.
Availability differs by provider and location. Always confirm registration and product availability directly with the provider and the relevant local regulator.
Where we stand
Market Wise Guide offers comparisons and education. We are not a financial adviser or a broker. We suggest Australian readers also check the ASIC MoneySmart website for guidance.