logo |

News

    Home   >     Industry    >     Main body

    Kangaroos Step in Brokers

    Abstract:After the introduction of the new EU MiFIDII regulations, UK retail forex, and CFD policies, investors seem to pay their attention to Australia. Australia's well-established financial laws and regulatory systems have nurtured many excellent local brokers and attracted many large overseas brokers to settle down. These advantages make investors favor Australian brokers.
    Lark20201214-151035.jpeg

      After the introduction of the new EU MiFIDII regulations, UK retail forex, and CFD policies, investors seem to pay their attention to Australia. Australia's well-established financial laws and regulatory systems have nurtured many excellent local brokers and attracted many large overseas brokers to settle down. These advantages make investors favor Australian brokers.

    documentsfeaturesimages61517kangaroomotherandjoeyjpg___940.420_0_0__85.jpg

      As Australia's forex transactions continue to grow, the number of regulated brokers available to global forex investors in Australia is large.

      The types of Australian forex brokers include ECN forex brokers, fixed spreads brokers, STP brokers, and MT4 brokers. In addition, there are a few top forex brokers offering negative balance protection. Some brokers require customers to pay off the margin account and even collect the arrears by suing and entrusting debt collection agencies. Of course, not all brokers will do this. They normally offer clients with negative balance protection. Negative balance protection is a measure to protect traders from falling into debt dispute when the transaction fails. However, on the other hand, we should see that in the past ten years, many Australian forex brokers bankrupted. After causing a loss of 46 million US dollars, a person in charge was sentenced to six and a half years in prison. But this is all caused by corruption. Presumably, Australia's strict forex supervision will not take responsibility for the case.

      When you know some brokers, you will find that each forex broker is very keen on advertising you to open an account and deposit funds. Therefore, when you put your trading funds in the account of a forex broker in Australia, you must have your judgment. Spreading funds among multiple brokers is a good way to reduce default risk.

    MI-CF203A_SKYBO_P_20140922170321.jpg

      WikiFX is a global Forex inquiry platform that provides real-time rankings of Forex brokers. So if you are seeking a broker to start your Forex trading journey, please search the detailed information about the broker on the WikiFX.

    Latest News

    Australia Dollar

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand

    United States Dollar

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand
    Current Rate  :
    --
    Amount
    Australia Dollar
    Available
    -- United States Dollar
    Risk Warning

    The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.

    Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click "Complaints "and "Correction" to inform us. We will check immediately and release the results.

    Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.

    Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.