ASIC Australian Forex Brokers with Binary platform

Since binary options trading involves making a bet on a binary outcome (you can either win or lose), these instruments are traded in a very different way from traditional trading instruments. The potential profit or loss is always determined before the trade is opened, and it can therefore be argued that it is easier to learn than for example forex trading. As a result, binary options are often traded on dedicated binary platforms.

Following regulatory changes in April of 2021, ASIC-regulated forex brokers are no longer allowed to offer binary options to their non-professional clients. However, some Australian forex brokers still offer what they call “short-term digital contracts.” Consequently, there are now few, if any, Australian forex brokers that offer binary options trading platforms. Instead, most brokers have instead shifted to focus on traditional CFD and forex trading platforms, and with some also offering platforms with a focus on social trading.