Unlike its US and European counterparts, Australian forex brokers enjoy a more flexible regulatory environment. Available leverage is generally higher in Australia, and the oversight is looser. Most Australian forex brokers accept traders from all around the world, except from the United States.
In Australia, forex brokers are overseen by the Australian Securities and Investments Commission (ASIC). Despite its looser regulations, ASIC is still viewed as one of the most reputable regulators in the world. Traders can therefore enjoy the benefits of having a broker in the highly stable and safe jurisdiction that Australia is, while also benefitting from much higher trading leverage than European and US brokers offer.