Regional guide // Australia
Trading in Australia
Australia is one of the world's leading hubs for retail trading, overseen mainly by ASIC, the Australian Securities and Investments Commission.
Top-rated platforms for Australians
Regulation and ASIC rules
ASIC has a reputation for strict consumer protections, including leverage limits and mandatory risk disclosures. Any broker operating in Australia has to hold an Australian Financial Services Licence (AFSL).
The AFSL check
The AFSL is your fastest legitimacy test. Look the provider up on the ASIC register and confirm the licence is current before you fund anything. Strong consumer rules also mean retail leverage on CFDs is capped.
What to check
- AFSL licence. Confirm the provider's licence on the ASIC register.
- CHESS sponsorship. For shares, check whether the broker offers CHESS sponsorship for direct ownership.
- CFD restrictions. Know the retail leverage caps that apply to CFDs.
- Account security. Verify how client money is handled and kept segregated.
NoteAvailability varies by provider and where you live. Always confirm registration and product availability directly with the provider and your local regulator.
Where we stand
Market Wise Guide offers comparisons and education, not advice. We are not a broker or financial adviser, and we encourage Australian readers to consult the ASIC MoneySmart website for further guidance.