Australia is in many ways a hotspot for the global brokerage industry, and that of course also includes social trading forex brokers. These are companies that offer their traders the full social trading experience. This usually comes in the form of a dedicated platform that lets users copy the trades made by others, and get information about the sentiment among all users on the platform.
Like most other types of financial services companies in Australia, social trading forex brokers in the country are regulated by the Australian Securities and Investment Commission (ASIC). This is a financial regulator with solid experience, which also has a reputation for allowing brokers to operate more freely than in the EU or US.