ASIC Regulated Brokers Scoring 60 or Higher

Thirty-one brokers in the WIKILIX database hold a licence from the Australian Securities and Investments Commission, score 60 or higher in our index, and carry no warning label. The scores run from 84.8 at the top to 60.4 at the bottom, with a median of 64.7.

The status condition removes more than you might expect. Before it was applied, six of the twelve highest scoring ASIC licensed brokers carried a flag in our records, four of them scoring above 81. A high score and a clean record are separate readings, and this page requires both.

How we built this list

Three stored filters produce it, and nothing on the page is hand-picked. A broker qualifies if our licence records show an ASIC authorisation, if its WIKILIX score is at least 60, and if its status label reads as regulated rather than flagged. Brokers with no score row at all are dropped by the score filter rather than counted as zero, so this is a list of firms we have assessed, not a list of every ASIC licensee. Our records hold 236 brokers with an ASIC licence. Forty-eight of them clear the score floor. Thirty-one clear it with a clean label.

The score is a composite built from what we hold on a firm: the licences recorded against it, its recorded opening date, the trading conditions and platforms on file, and the user reports we have received. It measures how much verified substance sits behind a name. It is not a verdict on how a firm treats its clients, and it should never be read as one, which is why the status filter sits alongside the score instead of behind it.

What an ASIC licence covers

ASIC issues an Australian Financial Services Licence, and since March 2021 its product intervention order has capped retail CFD leverage at 30:1 on major currency pairs, with lower limits on other assets. The same order requires negative balance protection and bans trading credits and similar inducements. Australian retail clients also reach the Australian Financial Complaints Authority when a dispute stalls. Those protections attach to the Australian entity and to the clients of that entity, which is the detail most lists skip.

Twenty-six of the 31 have a maximum leverage figure recorded, and eleven of those sit at 1:500 or higher, with FXCM and SuperForex at 1:1000. Read those as group wide figures rather than as what the ASIC licensed entity offers, then check which company your account agreement names. Three brokers here record 30:1 exactly: eToro, HSBC and Fortrade.

A licence is not an address

Nine of the 31 are headquartered in Australia. Another nine are registered in the United Kingdom, and the rest sit in Hong Kong, the United States, Cyprus, Ireland, Canada, Belize and the Bahamas. HSBC, with a recorded opening date of 1865, is the oldest firm here, and StoneX One follows at 1866. Thirteen of the 31 opened before 2010, IG among them at 1974. Thirty of the 31 are regulated by two or more authorities, and twenty-seven are also regulated by the UK Financial Conduct Authority. Channel Capital is the only broker on this list whose record shows ASIC and nothing else.

Before you open an account

• Look the licence number up on the ASIC professional registers and confirm the licensee name matches the entity on your account agreement.
• Check which group company you are contracting with, since an Australian firm and an offshore sister firm can share a brand without sharing a rulebook.
• Read the leverage that entity actually offers you rather than the headline figure on a comparison page.
• Confirm your complaints route runs to AFCA and not somewhere with no ombudsman at all.

What this page cannot tell you is what any of these brokers costs to trade with. We hold no spread data, no commission schedules and no execution statistics, so none of that shaped the order. It also says nothing about whether a broker accepts clients from where you live. That is a question of each firm's own terms, and it changes without anyone touching a licence record.