Australian CFD forex brokers are known to be a reliable and fully regulated option for CFD & forex traders from around the world. All brokers based in Australia are regulated by the country’s financial regulator, the Australian Securities and Investments Commission (ASIC). As a result, this means that there is always a credible government agency to turn to in the event of a dispute with a broker.
Despite previously being known to offer trading leverage as high as 1:500, leverage at Australian CFD brokers is now reduced to just 1:30 for major forex pairs, and even less for less liquid instruments. Not surprisingly, this has made CFD and forex brokers from Australia less attractive to overseas traders, although they are still usually welcomed as clients.