Top Day Trading Brokers Australia is regulated by the Australian Securities and Investments Commission (ASIC). The regulator’s main aim is to protect investors, consumers and creditors. ASIC-regulated brokers must comply with strict capital requirements, maintain the segregation of client funds and adhere to minimum leverage standards. This ensures that traders do not experience excessive losses.
The regulatory regime in Australia makes it an excellent choice for traders who prefer a safe and stable environment. ASIC-regulated Forex brokers have a low risk of default and can be trusted to protect their clients’ capital. They also offer competitive trading conditions and access to a large number of international markets, which is especially important for active Forex traders.
Top Day Trading Brokers in Australia for Fast Execution
A good broker should provide an advanced platform, in-depth analysis tools and fast trade execution. Traders should also look for low trading costs. The best Australian Forex brokers offer a range of account types, including commission-free accounts and those with a flat fee. In addition, they should keep raw spreads at 0 pips and charge no more than $7 per round lot. FP Markets, FXTM and Pepperstone satisfy these criteria.
Other great options for Australian day traders include eToro AU, with its social trading and investing features, and Trade Nation, which offers a user-friendly platform and diverse trading instruments. IG is another option, with its extensive selection of financial markets, direct stock trading and CFD trading in forex, shares, cryptocurrencies, and commodities. The London-based company charges relatively high fees for ASX shares, but these drop for frequent traders and when they use Smart Portfolios.…
