Invest with regulated brokers in Australia and be safe.

Like all countries with mature financial markets, Australia has a regulatory body which oversees the general reputation and trustworthiness of  the country’s financial market.  The objective is to bolster and maintain Australia’s economic reputation and wellbeing through ensuring fair and transparent financial markets, which is supported by confident and informed investors and consumers.

Brokers accepting traders from Australia

	Currencies, Stocks, Indices Min. Deposit $10 Payout 85% Up to 200% return on trades. Accepts:	Read Review Open Account
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Similarly to the British regulatory model, the responsibility of overseeing the Australian market is divided across different official offices. In the case of Australia duties are divided among the:

1. Australian Prudential Regulation Authority
2. Australian Securities and Investment Commission
3. Australian Takeover Panel

All three of the above are responsible for different areas of financial markets.

For binary option investors, the most important regulatory authority is the Australian Securities and Investment Commission (ASIC).  ASIC is Australia’s corporate, markets and financial services regulator established and administered under the Australian Securities and Investment Commission Act 2001.  Regulated brokers in Australia fall under ASIC’s jurisdiction.

As set out in the ASIC act, the Australian Securities and Investment Commission’s strategic priorities are to to:

Promote financial investor and consumer trust and confidence through:

• Education (they even have a site to help investors establish their goals. gov.au is the official ASIC website with aggregated investment knowledge. As we mentioned in the strategy section, the first thing you need to decide before investing is decide on your investment goals.)
• Consumer behaviour

Ensure fair, orderly, and transparent markets through market oversight, competition and strong corporate governance.

Provide efficient and accessible registration for small business.

What are some ASIC regulated brokers?

The ASIC is responsible for the following roles in terms of regulation:

• Regulation of companies, finance markets, finance service organisations in Australia as well as professionals dealing and advising in investments, insurance, deposits taking as well as credit.
• Consumer Credit Regulation. ASIC licenses and regulates business and people engaged in consumer credit activities (such as but not limited to banks, credit unions, financial companies, as well as mortgage and financial brokers). ASIC ensures that licensees meet the standards set out in the National Consumer Credit Protection Act 2009 including each institution’s responsibilities to consumers in the financial markets.
• Market regulation. As the regulatory body, ASIC assess how effectively authorized finance markets comply with the legal obligations to operate fairly, orderly and transparently in financial markets.ASIC also advises the Minister about opening new markets.
• Financial Service Regulation. ASIC licenses and monitors business offering financial services in order to ensure that they operate efficiently, honestly and fairly. Generally these businesses offer services in superannuation, fund management, company shares and securities as well as derivatives and insurance.

In order to be an ASIC broker, a binary options platform needs to hold an Australian Financial Service (AFS) licence. The license ensures the financial institution adheres to the following requirements laid out in the 2001 Corporations Act:

• a single licensing regime for financial sales, advice and dealings in relation to financial products,
• consistent and comparable financial product disclosure,
• and a single authorisation procedure for financial exchanges and clearing and settlement facilities.

ASIC takes a proactive role in ensuring that binary options institutions maintain these high standards to hold on to their licence. In early 2015, ASIC distributed a new release advising consumers on the impropriety of various binary options platforms. In that same press release Cathie Armour, the ASIC Commissioner, encouraged “all investors considering trading in binary options to check they are dealing with a regulated broker in Australia holidng an Australian financial services licence or is authorised by an Australian financial services licensee and regulated by ASIC.”

Luckily we’ve done the research for you. The following binary options brokers are are ASIC regulated brokers:

HighLow.Net Review – Start trading with a rich and visual application interface, trading in your PC/Mac, Android or IOS. Up to 200% return on trading positions. ASIC Regulated: AFSL Number 364264. Trade with this platform now —>

Important Update

The legal framework for financial regulation in Australia is changing. Over the past few years, Australia’s lawmakers have pushed through laws that may alter the way Australia reviews binary platforms. The package of laws, referred to as the Future of Financial Advice (FOFA), are bundled in two reforms that were initially pushed through the country’s Parliament in 2012.   As of 2014 additional amendments were being discussed in Parliament which would see further change to financial oversight in Australia. Additional changes are anticipated so make sure to follow our daily news to make sure you have the most updated information possible.