Binary Options Trading Brokers in Australia

Despite being known for many years as one of the few major onshore jurisdictions where binary options trading was allowed, this is no longer the case in Australia today. Along with a number of other measures aimed at protecting retail investors, the Australian Securities and Investments Commission (ASIC) in 2021 banned binary options, calling them “incompatible with investment or risk management use by retail clients.” However, there are few brokers in Australia that continue to offer products similar to binary options, calling them instead “short-term digital contracts.”

The Australian ban on binary options followed a tightening of regulations around forex & CFD brokers the same year, including a new cap on trading leverage for non-professional (retail) investors. The new rules in Australia have thus brought CFD and binary options regulations in the country in line with those already in place in the EU and other major jurisdictions.