Who oversees a broker in Australia?

Brokers operating in Australia are overseen by the Australian Securities & Investments Commission (ASIC). ASIC is Australia's corporate, markets and financial services regulator. It is an independent Australian Government body.

What are the Best Brokerages in Australia?

And this means a license issued by a reputable governmental agency. As we are focused on Australia in this article, we’ll only recommend brokerages who are regulated by the Australian Securities and Exchanges Commission (ASIC). And more specifically, these are FXCM, FP Markets, and XM. XM is among the most competitive brokers in Australia nowadays.

What types of trading instruments do Australian brokers offer?

Australian brokers offer a wide range of trading instruments and securities, including stocks, CFDs, forex, commodities, and cryptocurrencies. The Australian Securities Exchange (ASX) is the primary stock market in the country, known for its transparency and fairness.

What are the different types of stockbrokers in Australia?

With a wide range of stockbrokers available, it can be challenging to know where to start. However, in Australia, there are many accredited stockbrokers, and two main types of brokers are available: discount and full-service. Discount brokers are favored by investors looking for a low-cost trade method.