Best Australian Securities and Investments Commission (ASIC) Brokers 2026

Are you an Aussie looking for a secure online trading environment? If so, choosing a broker regulated by the Australian Securities & Investments Commission (ASIC) is a vital first step.

Since launching in 1991, it’s proven a robust financial regulator, increasingly holding brokers to a high standard, adding an Investor Alert List, and securing ‘green tier’ status in DayTrading.com’s Regulation & Trust Rating.

Day trade with an ASIC-regulated broker and you can expect:

Best ASIC Brokers

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Since evaluating AvaTrade, our first ASIC-regulated broker in 2017, we’ve personally tested 143 trading platforms, and these 6 stand out as the superior options if you want an ASIC broker in October 2026:

Tested with a live trading account Accepts traders from Russian Federation Your capital is at risk. Trade only with funds you can afford to lose.

1. Our top pick in Russian Federation
   1

   IC

   4.8/ 5

   Visit IC Read review
   • Demo account
   • Regulator: ASIC, CySEC, FSA, SCB, CMA-Kenya
   • Min. deposit: $200
2. 2

   Fusion Markets

   4.6/ 5

   Visit Fusion Markets Read review
   • Demo account
   • Regulator: ASIC, VFSC, FSA
   • Platforms: MT4, MT5, cTrader, TradingView, DupliTrade
3. 3

   FBS

   4.3/ 5

   Visit FBS Read review
   • Demo account
   • Instruments: CFDs, Forex, Indices, Shares, Commodities
   • Regulator: ASIC, CySEC, FSCA, FSC
4. 4

   Markets.com

   4.4/ 5

   Visit Markets.com Read review
   • Demo account
   • Regulator: ASIC, CySEC, FSCA, BVI FSC
   • Platforms: Web Platform, MT4, MT5, TradingCentral
5. 5

   Vantage

   4.7/ 5

   Visit Vantage Read review
   • Demo account
   • Regulator: FCA, ASIC, FSCA, VFSC, CIMA
   • Min. deposit: $50
6. 6

   FP Markets

   4.2/ 5

   Visit FP Markets Read review
   • Demo account
   • Regulator: ASIC, CySEC, FSA, FSCA, FSC, SCB, CMA-Kenya
   • Min. deposit: $0

Learn how we test brokers and why you can trust our ratings.

Here is a short overview of each broker's pros and cons

1. IC 4.8/5 IC Markets (now IC) is a globally recognized forex and CFD broker known for its excellent pricing, comprehensive range of trading instruments, and premium trading technology. Founded in 2007 and headquartered in Australia, the brokerage is regulated by the ASIC, CySEC and FSA, and has attracted more than 200,000 clients from over 200 countries.
2. Fusion Markets 4.6/5 Fusion Markets is an online broker established in 2017 and regulated by the ASIC, VFSC and FSA. It is best known for its low-cost forex and CFD trading, although its multiple account types and copy trading solutions cater to a range of traders. New clients can sign up and start trading in 3 easy steps.
3. FBS 4.3/5 Founded in 2009, FBS is an award-winning CFD broker operating in over 150 countries with a client base exceeding 27 million traders. Traders are supported at every stage of their journey with 24/7 assistance, market analytics, trading calculators, and competitive pricing with zero commissions.
4. Markets.com 4.4/5 Established in 2008, Markets.com is a long-standing, multi-regulated broker with oversight from the CySEC and FSCA. It offers unique features to track hedge fund moves and insider trades, while providing stock signals to alert traders to market opportunities. Its choice of accounts (Classic to Professional) caters to all levels of active trader. 72.3% of retail accounts lose money.
5. Vantage 4.7/5 Founded in 2009, Vantage offers trading on 1000+ short-term CFD products to millions of clients. You can trade Forex CFDs from 0.0 pips on the RAW account through TradingView, MT4 or MT5. Vantage is ASIC-regulated and client funds are segregated. Copy traders will also appreciate the range of social trading tools.
6. FP Markets 4.2/5 Established in 2005 in Australia, FP Markets is an ASIC- and CySEC-regulated broker boasting an extensive suite of tradable assets. Its Standard and Raw accounts cater to day traders at every level, while it packs a punch in the tooling department, from the MetaTrader suite and intuitive TradingView to actionable trading ideas from Trading Central and AutoChartist.

ASIC Brokers Comparison

ASIC Brokers Comparison

Broker	ASIC Regulated	AUD Account	Minimum Deposit	Markets	Platforms	Leverage
IC	1	✔Yes	$200	CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto	MT4, MT5, cTrader, TradingView, TradingCentral, DupliTrade, Quantower	1:5000
Fusion Markets	1	✔Yes	$0	CFDs, Forex, Stocks, Indices, Commodities, Crypto	MT4, MT5, cTrader, TradingView, DupliTrade	1:500
FBS	1	✔Yes	$5	CFDs, Forex, Indices, Shares, Commodities	FBS App, MT4, MT5	1:3000
Markets.com	1	✔Yes	$200	CFDs, Forex, Stocks, Commodities, Indices, Crypto, ETFs, Bonds	Web Platform, MT4, MT5, TradingCentral	1:500
Vantage	1	✔Yes	$50	CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds	ProTrader, MT4, MT5, TradingView, TradingCentral, DupliTrade	1:500
FP Markets	1	✔Yes	$0	CFDs, Forex, Stocks, Indices, Commodities, Bonds, ETFs, Crypto	Iress, MT4, MT5, cTrader, TradingView, AutoChartist, TradingCentral	1:30 (UK), 1:500 (Global)

Community Sentiment

See how users rate these brokers based on the average customer ratings submitted on DayTrading.com, plus ratings from Trustpilot, the Apple App Store and Google Play.

Community Sentiment

Broker	Our Users' Rating	Trustpilot Score	Trustpilot Reviews	iOS App Rating	Android App Rating
IC	4.3 / 5	3.0 / 5	2	3.1 / 5	4.2 / 5
Fusion Markets	3.6 / 5	4.8 / 5	9999	4.8 / 5	4.4 / 5
FBS	4.6 / 5	4.3 / 5	10166	4.6 / 5	4.9 / 5
Markets.com	1.0 / 5	3.6 / 5	1257	3.1 / 5	3.5 / 5
Vantage	4.1 / 5	4.4 / 5	15581	3.6 / 5	3.9 / 5
FP Markets	4.0 / 5	4.8 / 5	10349	4.0 / 5	4.0 / 5

IC

4.8/ 5

Visit IC IC review

IC (formerly IC Markets) offers superior pricing, exceptionally fast execution and seamless deposits. The introduction of advanced charting platforms, notably TradingView, and the Raw Trader Plus account, ensures it remains a top choice for intermediate to advanced day traders.

IC quick facts

Demo Account

✔Yes

Instruments

CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto

Regulator

ASIC, CySEC, FSA, SCB, CMA-Kenya

Platforms

MT4, MT5, cTrader, TradingView, TradingCentral, DupliTrade, Quantower

Minimum Deposit

$200

Minimum Trade

0.01 Lots

Account Currencies

USD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD

Pros

• IC offers among the tightest spreads in the industry, with 0.0-pip spreads on major currency pairs, making it especially cost-effective for day traders.
• As a tightly regulated and widely respected broker, IC prioritizes client security and transparency, helping to ensure a reliable trading experience globally.
• IC secured DayTrading.com's 'Best MT4/MT5 Broker' in 2025 for its seamless, industry-leading MetaTrader integration, refined over years to maximize the platform experience.

Cons

• Despite four industry-leading third-party platforms, there is no proprietary software or trading app built with new traders in mind.
• The breadth and depth of tutorials, webinars and educational resources still need work, trailing alternatives like CMC Markets and reducing its suitability for beginners.
• Interest isn't paid on unused cash, an increasingly popular feature found at alternatives like Interactive Brokers.

Visit IC IC review

Fusion Markets

4.6/ 5

Visit Fusion Markets Fusion Markets review

Fusion Markets is a standout option for forex traders looking for excellent pricing with spreads near zero, industry-low commissions and recently TradingView integration. It’s a particularly good broker for Australian traders where the company is headquartered and regulated by the ASIC.

Fusion Markets quick facts

Demo Account

✔Yes

Instruments

CFDs, Forex, Stocks, Indices, Commodities, Crypto

Regulator

ASIC, VFSC, FSA

Platforms

MT4, MT5, cTrader, TradingView, DupliTrade

Minimum Deposit

$0

Minimum Trade

0.01 Lots

Account Currencies

USD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD

Pros

• Average execution speeds of around 37 milliseconds are noticeably faster than many rivals and can help day traders secure optimal prices in fast-moving markets.
• Fusion Markets offers best-in-class support with very fast, friendly and helpful responses during tests and no frustrating automated chatbot to navigate.
• Fusion Markets is set up to support algo traders with a sponsored VPS solution and a 25% discount if you opt for the NYC Servers VPS for MT4 or cTrader.

Cons

• Traders outside of Australia must sign up with weakly regulated global entities with limited safeguards, though in August 2026 they made negative balance protection available to all eligible accounts.
• The demo account expires after 30 days, limiting its potential as a useful trading tool alongside a real-money account.
• Fusion Market trails alternatives, notably IG, in the education department with limited guides and live video sessions to upskill new traders.

Visit Fusion Markets Fusion Markets review

FBS

4.3/ 5

Visit FBS FBS review

FBS is an excellent choice for day traders at every level and budget, with just a $5 minimum deposit and intensive academy for aspiring traders alongside access to MT4 and MT5.

FBS quick facts

Demo Account

✔Yes

Instruments

CFDs, Forex, Indices, Shares, Commodities

Regulator

ASIC, CySEC, FSCA, FSC

Platforms

FBS App, MT4, MT5

Minimum Deposit

$5

Minimum Trade

0.01 Lots

Account Currencies

USD, EUR, AUD, JPY

Pros

• 24/7 customer support that performed excellently during testing is available, alongside a $5 minimum deposit, and a huge variety of 200+ funding options, making it ideal for traders with small accounts.
• FBS strikes the balance between robust features and ease of use, with a sign-up process taking <10 minutes, an intuitive app, advanced research through Market Analytics & more recently VIP Analytics, plus immersive education through the FBS Academy and Trader’s Blog.
• The introduction of the FBI Assistant has given active traders useful, AI-powered intelligence to assess charts and patterns with potential trade ideas that can be executed in one click.

Cons

• Despite enhancing the selection of currency pairs, now providing over 70, FBS still trails industry leaders like BlackBull Markets in its market offering with a particularly narrow selection of commodities and indices.
• Although the FBS app offers a terrific mobile trading experience for aspiring traders and MT4/MT5 cater to advanced traders, the absence of cTrader and TradingView, which are increasingly offered by alternatives like Pepperstone, will deter day traders familiar with these platforms.
• There are only four base currencies available - EUR, USD, AUD and JPY (region dependant) - which isn't practical for minimizing currency conversion fees for many global traders, and is especially striking given the broker’s user base spans over 150 nations.

Visit FBS FBS review

Markets.com

4.4/ 5

Visit Markets.com Markets.com review

Markets.com is best suited to retail investors who trade frequently but don’t want to calculate commissions, thanks to its spread-only pricing (EUR/USD around 1.3 pips). It especially appeals to short-term traders who value fast execution, flexible asset choice spanning 2,200+ instruments and proprietary tools like hedge fund confidence indices and insider trade alerts.

Markets.com quick facts

Demo Account

✔Yes

Instruments

CFDs, Forex, Stocks, Commodities, Indices, Crypto, ETFs, Bonds

Regulator

ASIC, CySEC, FSCA, BVI FSC

Platforms

Web Platform, MT4, MT5, TradingCentral

Minimum Deposit

$200

Minimum Trade

0.01 Lots

Account Currencies

USD, EUR, GBP, AUD, ZAR, SEK, NOK, DKK, CHF, PLN, CZK

Pros

• Switching between the proprietary web platform (great for alerts and quick analysis) and MT5 (strong for algorithmic EAs) was smooth in our tests; positions synced across desktop, web, and mobile without gaps or re-quotes.
• Within the 2,200+ CFDs, Markets.com offers thematic baskets like the Warren Buffett Blend and Cannabis Blend, which behaved like ready-made mini-ETFs during testing, saving the work of balancing weights manually.
• Markets.com provides commission-free trading on most assets with spreads starting from around 0.6 pips on major forex pairs, making it cost-effective for casual traders.

Cons

• While CySEC and FSCA oversight is solid, the SVGFSA and BVIFSC entities offers 1:500 leverage under a light-touch framework, meaning protections like compensation schemes and strict conduct rules lag behind the strictest regulatory standards.
• During sign-up, we hit unclear account type explanations and got stuck in an email verification loop that locked us out for an hour - way less streamlined than other brokers we’ve tested.
• The proprietary web platform felt a bit basic once we pushed into advanced charting with fewer drawing/indicator options than full TradingView or MetaTrader.

Visit Markets.com Markets.com review

Vantage

4.7/ 5

Visit Vantage Vantage review

Vantage remains an excellent option for CFD traders seeking a tightly-regulated broker with access to the reliable MetaTrader platforms. The fast sign-up process and $50 minimum deposit make it very straightforward to start day trading quickly.

Vantage quick facts

Demo Account

✔Yes

Instruments

CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds

Regulator

FCA, ASIC, FSCA, VFSC, CIMA

Platforms

ProTrader, MT4, MT5, TradingView, TradingCentral, DupliTrade

Minimum Deposit

$50

Minimum Trade

0.01 Lots

Account Currencies

USD, EUR, GBP, CAD, AUD, NZD, JPY, HKD, SGD, PLN

Pros

• Vantage maintains its high trust score thanks to its strong reputation and top-tier regulation from the FCA and ASIC
• There’s an excellent suite of day trading software, including the award-winning platforms MT4 and MT5
• It’s quick and easy to open a live account – taking less than 5 minutes

Cons

• A steep $10,000 deposit is needed for the best trading conditions, which include the $1.50 commission per side
• The average execution speeds of 100ms to 250ms are slower than alternatives based on tests
• It's a shame that some clients will need to register with the offshore entity, which offers less regulatory protection

Visit Vantage Vantage review

FP Markets

4.2/ 5

Visit FP Markets FP Markets review

FP Markets strikes an ideal balance between affordability and quality for active traders. They’ve managed to keep trading costs low while expanding their investment offering, charting tools, and research features, all while providing excellent support you can rely on for urgent trading queries.

FP Markets quick facts

Demo Account

✔Yes

Instruments

CFDs, Forex, Stocks, Indices, Commodities, Bonds, ETFs, Crypto

Regulator

ASIC, CySEC, FSA, FSCA, FSC, SCB, CMA-Kenya

Platforms

Iress, MT4, MT5, cTrader, TradingView, AutoChartist, TradingCentral

Minimum Deposit

$0

Minimum Trade

0.01 Lots

Account Currencies

USD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD

Pros

• FP Markets delivers fast and dependable support, available 24/5 with average response times of less than 1 minute during testing.
• FP Markets offers a superb selection of tradable assets, especially since expanding its suite of commodities and supporting over 10,000 stocks.
• With MetaTrader, cTrader, Iress and more recently TradingView, FP Markets is one of the most accommodating brokers in terms of platform choice.

Cons

• FP Markets trails the best MetaTrader brokers, despite offering a Trader's Toolbox on MT4, just 130 instruments are available, limiting opportunities for serious traders, especially compared to Pepperstone with its 1,300 assets.
• FP Markets’ Iress platform is only available to clients in Australia. It also primarily emphasizes stock trading over forex trading, and data fees can accumulate rapidly unless you're an active trader or maintain a high-balance account.
• Although Traders Hub provides rich research, notably the Daily Report, Technical Report, Market Insights, and Fundamental Analysis, it needs to widen its daily content variety and keep its forex news updated to match category leaders like IG.

Visit FP Markets FP Markets review

The Australian Securities and Investments Commission (ASIC) was established in 1991 under the Australian Securities and Investments Commission Act to promote fair and transparent financial markets across Australia.

Following a string of corporate collapses and rising financial misconduct, Australia needed a single body with comprehensive regulatory powers to oversee financial markets. ASIC was born to fill that gap.

ASIC’s powers are broad. It licences financial services businesses and enforces compliance with the Corporations Act, which regulates how companies operate, report, and engage with investors.

ASIC also investigates complaints, such as those from retail traders, and has the authority to prosecute misconduct, impose fines, and even deregister businesses that break the rules.

What Powers Does ASIC Have?

ASIC has a range of powerful tools to enforce financial laws and keep Australia’s markets in check:

• Licensing Power: ASIC issues licences to financial service providers and credit providers, ensuring that only qualified and compliant businesses can operate. Brokers cannot legally provide financial services in Australia without an ASIC licence.
• Investigative Power: ASIC has the authority to investigate any suspected misconduct or breach of financial laws. It can gather evidence, interview witnesses, and demand records from individuals or businesses if there’s reasonable suspicion of wrongdoing.
• Enforcement Power: If ASIC finds misconduct, it can take several actions: issuing fines, suspending or revoking a licence, and imposing penalties. In more serious cases, it can pursue civil or criminal charges, leading to court proceedings.
• Regulatory Power: ASIC sets and enforces standards for company conduct, corporate governance, financial reporting, and disclosures. It can impose conditions on business operations and make sure companies follow ethical and legal guidelines.
• Banning and Disqualification: ASIC can ban individuals from managing companies or providing financial services if they’re found to be dishonest or unethical. This prevents repeat offenders from staying in the industry.
• Consumer Protection Initiatives: ASIC actively creates and enforces policies to protect consumers. It can demand that brokers improve their practices, disclose clearer information, and stop offering risky or misleading products.

What Rules Must An ASIC Broker Follow?

Brokers regulated by ASIC must follow strict rules to maintain transparency, protect consumers, and ensure ethical behaviour in the financial markets.

• Licensing and Authorization: Brokers must hold an Australian Financial Services (AFS) licence to operate legally. To obtain and maintain this licence, they must meet ASIC’s criteria, including financial stability, qualifications, and competency standards.
• Client Money Handling: Brokers are required to keep client funds separate from company funds, holding them in segregated accounts. This helps protect client funds from being used for business operations or other improper purposes.
• Disclosure Obligations: Brokers must provide clients with clear, upfront information about their products, services, fees, and potential risks. This includes issuing a Product Disclosure Statement (PDS) so clients understand what they’re getting into.
• Compliance With Market Conduct Standards: ASIC trading platforms must operate honestly and fairly, avoiding deceptive practices like price manipulation, insider trading, or false advertising. They’re expected to follow high ethical standards and maintain market integrity.
• Risk Warnings: Brokers must provide transparent risk warnings, especially for high-risk products like CFDs which are popular with day traders. This means clients are informed of potential losses, not just potential gains before they start trading.
• Financial Reporting and Auditing: ASIC requires brokers to submit regular financial reports, proving their financial health and compliance. ASIC may also conduct audits to verify the broker’s practices and ensure ongoing adherence to rules.
• Client Dispute Resolution: ASIC mandates that brokerages have a transparent dispute resolution process in place. They must be part of an external dispute resolution scheme, such as the Australian Financial Complaints Authority (AFCA), to address client complaints promptly.
• Ongoing Training and Development: Brokers must ensure their representatives are properly trained and qualified to give financial advice. This rule ensures that clients receive reliable and accurate information and advice.

How Does ASIC Protect Active Traders?

CFD trading in Australia is very popular with active traders, and ASIC has stepped up its restrictions on brokers offering these products in recent years to protect retail investors:

• Leverage Limits: ASIC limits the amount of leverage brokers can offer retail traders. For example, the maximum leverage for major forex pairs is capped at 1:30. For cryptocurrencies, it’s 1:2. This reduces the risk of significant losses by preventing traders from borrowing excessively to fund their trades.
• Negative Balance Protection: ASIC mandates that brokers provide negative balance protection, meaning traders can’t lose more money than initially invested. If a trade goes against a client significantly, their account won’t fall into a negative balance, preventing debt above the initial investment.
• Standardised Risk Warnings: ASIC requires brokers to display clear, standardized risk warnings on CFD products. This ensures that traders know the risks involved, including the high probability of losses, and can make informed decisions before entering the market.
• Margin Close-Out Rules: To prevent excessive losses, ASIC enforces a margin close-out rule. If a trader’s funds fall to 50% of the required margin, the broker must close out the trade automatically. This helps prevent traders from sustaining more substantial losses than necessary.
• Ban on Inducements: ASIC prohibits brokers from offering incentives like bonuses, cash rebates, or “free” trading schemes to attract CFD traders. This discourages brokers from using high-pressure sales tactics or enticing promotions to bring in less-informed traders.
• Enhanced Disclosures: ASIC requires brokers to provide detailed disclosures on CFD products, including information on trading fees, spreads, risks, and how CFDs work. This transparency helps traders understand all aspects of CFD trading, not just the potential rewards.

Has ASIC Fined Any Brokers?

While ASIC may occasionally be criticised for not acting fast enough in some cases, it has a strong track record of enforcement and has acted against several brokers for various regulatory breaches over the years. Essentially, ASIC has increasingly big teeth.

Here are some notable examples where it has flexed its regulatory muscles:

• Interactive Brokers (2023): ASIC took action against the Australian branch of Interactive Brokers, levying a $832,500 fine for negligent and reckless conduct related to suspicious trading by a client.
• Openmarkets (2023): ASIC handed out a $4.5 million fine to Openmarkets for failing to have suitable systems for identifying whether the orders of a client were intended to manipulate prices or create a false impression of active trading.
• Forex Capital Trading (2020): ASIC fined Forex CT $20 million for various breaches, notably unconscionable conduct, conflicted remuneration for sales staff, and failure to act in its clients’ best interests.

Bottom Line

Year after year, ASIC introduces and enforces strict safeguards that online brokers must follow, with the aim of protecting retail investors.

Verifying that a broker is ASIC-regulated is a crucial step to protect your investments and ensure you’re dealing with a reputable and compliant company.

To get started, check out DayTrading.com’s pick of the best ASIC-regulated day trading brokers.