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Our 2 top picks for ASIC Regulated
We stand behind these two. Everything below is a fuller comparison and lower-weight alternatives.

Pepperstone
- Top-tier liquidity with frequent 0.0 pip spreads
- Exceptional platform choice including TradingView and cTrader
- Award-winning 24/5 customer support

XM
- Outstanding daily webinars and educational courses
- No deposit or withdrawal fees
- Strict no re-quotes policy with 99.35% execution in <1s
Why these two
Both brokers are shortlisted specifically for ASIC Regulated and rank highest on our trust-first methodology within that list — we weigh regulation and safety first, then fit, cost and real-world adoption. Everything below is the fuller comparison.
CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. Trade only what you can afford to lose.
Can non-residents open an account with an ASIC-regulated broker?
Why Choose ASIC Regulated Forex Brokers?
ASIC (Australian Securities and Investments Commission) is one of the world's most respected financial regulators. Our current ranking starts with Pepperstone where it is available, followed by XM, VT Markets, and FP Markets. Compare regulation, fees, platforms, account terms, and local funding fit before opening an account.
ASIC Regulation Details
| Broker | Link | ||
|---|---|---|---|
| Pepperstone | 414530 | 2010 | Open |
| XM | N/A | N/A | Open |
| VT Markets | N/A | N/A | Open |
| FP Markets | 286354 | 2005 | Open |
| Moneta Markets | N/A | N/A | Open |
| FXCM | N/A | N/A | Open |
| Vantage | 428901 | 2009 | Open |
| IC Markets | 335692 | 2007 | Open |
| AvaTrade | 406684 | 2006 | Open |
| TMGM | N/A | N/A | Open |
In-Depth Broker Analysis
Our research team continuously monitors over 100 parameters per broker. Below is a detailed breakdown of our top-rated platforms, including their distinct advantages, ideal user profiles, and potential drawbacks.

Pepperstone Review Summary
Pepperstone holds ASIC license 414530 and is one of Australia's most trusted brokers. Award-winning execution and multiple platform options.
Pros
- Regulation varies by entity
- Minimum deposit: $0
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Ultra-Low — compare account types before opening

XM Review Summary
XM is a multi-regulated broker with MT4, MT5, XM App access, 0.6 pips (Ultra Low) | 1.6 pips (Standard) on EUR/USD, and $5 minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.
Pros
- Outstanding daily webinars and educational courses
- No deposit or withdrawal fees
- Strict no re-quotes policy with 99.35% execution in <1s
- Generous loyalty program and promotions
Cons
- Spreads on Standard account are wider than competitors
- No crypto trading on weekends
- Inactivity fee of $15 applies after 90 days

VT Markets Review Summary
VT Markets is a multi-regulated broker with MT4, MT5, VT Markets App, WebTrader access, 0.0 pips (Raw ECN) | 1.2 pips (Standard STP) on EUR/USD, and $50 minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.
Pros
- 100% deposit bonus on first deposit (minimum deposit $50)
- Raw ECN account with 0.0 pip spread potential
- MT4 and MT5 available across desktop and mobile
- Free Telegram signals funnel through Unshakable Traders
Cons
- Entity, leverage, and protection level vary by country
- Free signals are educational support, not profit guarantees
- Traders still need to manage risk and verify terms before depositing

FP Markets Review Summary
FP Markets holds ASIC license 286354, one of the longest-standing in Australia. DMA execution with deep liquidity and competitive pricing.
Pros
- Regulation varies by entity
- Minimum deposit: $100
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Ultra-Low — compare account types before opening

Moneta Markets Review Summary
Moneta Markets is a multi-regulated broker with MT4, MT5, AppTrader, ProTrader access, 0.0 pips (ECN) on EUR/USD, and $50 minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.
Pros
- FCA and ASIC regulated
- ECN spreads from 0.0 pips
- Native CopyTrader + DupliTrade copy trading
- Low $50 minimum deposit
Cons
- Relatively newer brand vs. legacy competitors
- Ultra ECN tier needs $20,000

FXCM Review Summary
FXCM is a multi-regulated broker with Trading Station, MT4, TradingView access, 1.3 pips (Standard) on EUR/USD, and $50 minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.
Pros
- 25+ years in business
- No dealing desk execution
- Strong API for algo trading
- Extensive historical data
Cons
- Spreads wider than ECN competitors
- Limited product range
- No MT5 support

Vantage Review Summary
Vantage holds ASIC license 428901 and offers competitive raw spreads with professional trading tools. VPS hosting available for serious traders.
Pros
- Regulation varies by entity
- Minimum deposit: $50
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Ultra-Low — compare account types before opening

IC Markets Review Summary
IC Markets holds ASIC license 335692 and pioneered ECN trading in Australia. Known for exceptional execution speeds and raw spreads from 0.0 pips.
Pros
- Regulation varies by entity
- Minimum deposit: $200
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Ultra-Low — compare account types before opening

AvaTrade Review Summary
AvaTrade is regulated by ASIC (license 406684) among other global regulators. Known for excellent education and risk management tools like AvaProtect.
Pros
- Regulation varies by entity
- Minimum deposit: $100
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Low — compare account types before opening

TMGM Review Summary
TMGM is a multi-regulated broker with MT4, MT5, IRESS access, 0.0 pips (Edge) | 1.0 pips (Classic) on EUR/USD, and $100 minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.
Pros
- Raw Edge spreads from 0.0 pips
- Strong tier-1 ASIC regulation
- IRESS DMA for 12,000+ global stocks
- High offshore leverage up to 1:1000
Cons
- Inactivity fee applies after 6-12 months
- IRESS account requires $5,000 minimum
- No EU-regulated entity; retail leverage capped at 1:30 under ASIC
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Frequently Asked Questions About ASIC Regulated Forex Brokers
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Sources & References
- Pepperstone Trading Platforms— Pepperstone
- XM Account Types— XM
- Vantage Account Types— Vantage
- BrokerAnalysis ranking methodology— BrokerAnalysis
- BrokerAnalysis data sources— BrokerAnalysis
- BrokerAnalysis editorial policy— BrokerAnalysis
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Information on this website is for educational and comparison purposes only. This does not constitute financial, investment, or trading advice. How we rank brokers. See Editorial Policy and Data Sources.
BrokerAnalysis may earn commissions from partners listed. This does not influence our rankings or analysis, which are based on our independent methodology. Read our Content Standards.
Broker availability depends on your country of residence. Some brokers may not accept clients from certain jurisdictions including the USA, Canada, Japan, and others. The comparison table on this page shows the country-acceptance status captured in our latest eligibility checks.
