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When A 62.5% Share Price Rise Means Nothing – UK Product Group

The shares of UK Product Group (LON: UKR) went up 62.5% on Thursday 17 March. This means absolutely nothing of… Continued

Stocks Rally, Despite Lower Yield Plunge with Bank Crisis

Macroeconomic/ geopolitical developments The US banking sector was negatively hit by collapse of SVB Financial, Silicon Valley Bank the prior… Continued

Forex relatively quiet after global Bond Market plunges to lower yields

US$ Index in sideways range, risk to the downside (DXY forecast)  Euro range bound too  (EURUSD forecast)  Cable positive in non-trend  (GBPUSD forecast) … Continued

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Top Brokers in Australia, all regulated by ASIC

Broker Pros Features  
Founded: 2006 Reg: Central...
HQ: Ireland...
4.9/5
97/100

- Regulated by ASIC.
- 20% New Member Bonus.
- Global regulated broker across 5 continents within 6 jurisdictions
- Superior trading conditions for short selling/scalping
- Ultra low spreads with fast and reliable order execution
- Wide range of educational materials
- Innovative trading mobile apps  (AvaTradeGo, AvaOptions, AvaSocial)

Min. Deposit: $100
Pairs Offered: 45+
Leverage: EU - Up to 30:1, Professional Client/ROW up to 400:1
Withdrawal Process Time: 1-2 business days.
Trust Score: 97/100
Founded: 2008 Reg: Plus500...
HQ: Israel...
4.7/5
94/100

- Regulated by ASIC
- Advanced risk management tools
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- 2000+ instruments.
- 30+ languages.
- All devices.
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Min. Deposit: $100
Pairs Offered: 70+
Leverage: 1:30
Withdrawal Process Time: 1-3 Business Days
Trust Score: 94/100
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80% of retail investor accounts lose money when trading CFDs with this provider.

Founded: 2001 Reg: ASIC, C...
HQ: Cyprus...
4.6/5
91/100

- Regulated by ASIC
- 24/5 Shares Trading
- 0% Commission
- 300 plus trading instruments.
- Deal cancellation feature.
- Fixed spreads.

Min. Deposit: $100
Pairs Offered: 200+
Leverage: Up to 1:30
Withdrawal Process Time: 1 day
Trust Score: 91/100
Founded: 2011 Reg: MFSA, F...
HQ: Malta...
4.5/5
90/100

- More than 70 assets available for trading
- Licensed and Regulated by the MFSA, FCA, BaFin, ACP, CNMV, FINANSTILSYNET under the MIFID directive
- Leverage up to 1:100 for professional traders
- Negative balance protection

Min. Deposit: $250
Pairs Offered: 70+
Leverage: 1:50
Withdrawal Process Time: 1-3 days
Trust Score: 90/100
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54.6% of retail investor accounts lose money

Founded: Reg: FMA, FS...
HQ: Ne...
4.5/5
90/100

- 1:500 leverage
- Multi award-winning New Zealand broker
- Institutional-grade spreads from 0.0 pips

Min. Deposit: $200
Pairs Offered: 300+
Leverage: 1:500
Withdrawal Process Time: Within 24hrs
Trust Score: 90/100
Founded: 2010 Reg: ASIC, F...
HQ: Austral...
4.6/5
91/100

- Regulated by ASIC
- Segregated client funds in tier 1 banks.
- Awarding-winning client support from our team 24/5.
- Low latency, fast execution in under 30ms.
- Get consistently competitive spreads and low commissions from 0.0 pips.

Min. Deposit: $200
Pairs Offered: 180
Leverage: Up to 1:500
Withdrawal Process Time: 2-3 business days
Trust Score: 91/100

What is FX Explained Australia and why are you here?

  • Are you from Australia and interested in Forex Trading and just do not know where to start?
  • Do you have questions about the legality of forex trading in Australia?
  • Are you currently trading and struggling, finding it difficult to achieve consistent profits?
  • Do you not fully understand some of the language being used on other FX or Trading websites?
  • Are you having difficulty choosing the best broker in Australia?

FX Explained Australia is here to help and guide you. Forex explained in an easy way!

We have a passion for Financial Markets and for helping those trying to find their way in the complicated world of Currency Trading and Investing.

Originally we successfully helped UK traders and now we aim to help traders from Australia as well. Today it is legal to trade forex in Australia as long as you pay income tax on your gains (profits minus losses). And, needless to say, you need to abide by all financial laws and not be involved in money laundering. Laws and regulations have been set in place by the Australian Securities and Investments Commission (ASIC). ASIC’s basic role is to enforce and regulate company and financial services laws, in order to protect Australian consumers, investors, and creditors. ASIC is one of the genuinely stronger regulatory bodies out there together with FCA and CySEC. Brokers, regulated by ASIC, will have to treat their traders fairly. All gains that Australian traders make need to be declared to the Australian Tax Office (ATO).

Whether you are a complete novice, or seasoned veteran, we believe that our high level of fx expertise and knowledge about Australia, combined with a simple approach will help you to develop confidently in this sometimes difficult world of forex trading.

We aim to:

  • Be a guide for you in how FX Trading works for traders in Australia.
  • Offer trading tools that you can use in your everyday trading.
  • Provide a comprehensive knowledge base that you can draw on.
  • Help you decide who you should trade with and pick the best broker to trade with when you are from Australia.
  • Provide timely updates on important FX developments (via email).

We welcome all traders from Australia to join the global FX Explained community to help you become better traders! We don’t show you how to trade, we help you to become a Trader!

Who are we? Read More Articles

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