ASIC is the regulator for corporate, financial services and consumer finance in Australia. It is an independent Australian government agency that was established in 2001 under the Australian Securities and Investment Commissions Act.
Since 2001, the regulator has repeatedly tightened requirements for companies and organizations that have worked or wanted to obtain an ASIC license. Also, the regulator has repeatedly raised the threshold for authorized capital for companies that apply for an ASIC license.
ASIC is a serious organization with a large workforce. Therefore, more and more companies want to obtain a license from this regulator, despite the fact that many experts assess the level of customer protection as “medium”.
Forex brokers with ASIC license