Australian Owned & Regulated
FXTRADING.com is an Australian foreign exchange trading (FOREX) brokerage firm based in Sydney Australia, regulated by ASIC.
FXTRADING.com has based it’s operation in Australia due to it’s strong financial, economic and political landscape. Due to Australia’s highly regulated financial sector and long term track record, Australia is held in high regard by professional traders and investors around the world.
Why Trade With An Australian Forex Broker ?
Australian financial firms are required by law to hold client funds in segregated trust accounts, adding an extra level of protection to your capital. Firms are permitted to allow trading on CFD’s and OTC products such as GOLD & OIL, as well as offering clients trading leverage up to 400 to 1.
Australia has come through the global financial crisis relatively unscathed which has enhanced the reputation of its financial services regulator ASIC. The regulator ensures all trading firms hold a Financial Services Licence (AFSL) as well as monitor and enforce some operational restrictions including:
1) Segregated Deposit Account
Australian forex brokers must keep deposits in a separate trust account held within Australia. This means the broker cannot use client deposits to trade or maintain it’s own positions. Client funds may be used to meet a clients margin requirement, and running profit and loss only.
2) Staff Training
There are minimum training standards for staff and owners of financial firms set by ASIC.
Australia has strict requirements when it comes to the accounting and auditing of financial firms including forex brokers. Firms must meet strict accounting, auditing and compliance standards.
4) Risk Management Audits
ASIC regularly audits brokers to stress test them in different operational scenarios. Each firm is required to hold a minimum amount of capital reserves.