Although Australia in the past was known as a jurisdiction where forex brokers could offer high leverage, this is no longer the case today. In 2021, the Australian Securities and Investments Commission (ASIC) introduced new regulations that limited the amount of leverage brokers could offer to 1:30 for major FX pairs, 1:20 for minor FX pairs, 1:10 for most commodity CFDs, 1:5 for stock CFDs, and 1:2 for crypto CFDs.
Regardless of the new regulations on high leverage, however, Australia remains a stable and well-developed country where financial services companies are held to high standards by the financial regulator. This means that traders can trade in a safe environment with reliable forex brokers, although they can no longer benefit from the high leverage that used to be available there.