Australian Forex brokers
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Forex Training and Education. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts. Admiral Markets Pty Ltd Australia. City Index Australia Pty Ltd. Core Liquidity Markets Pty Ltd.
Easy Forex Pty Ltd. Retail forex trading in Australia is one of these areas. Driven by an enormous export trade of raw materials and minerals, the foreign exchange industry has also developed in lockstep to support cross-border settlements from these trade transactions.
At present retail forex trading is relatively new and has flown beneath the regulators, so to speak, while it developed in its infancy. Over the past decade, the growth in China and other emerging markets has produced a heavy increase in exports and a strengthening Aussie Dollar in the process. Forex traders in Australia, however, have traded in a safe environment, due to the watchful eye of its national regulator. The number one consideration in choosing a forex broker, your business partner for the long run, is safety and security.
Unregulated firms tend to make outrageous marketing claims to attract your patronage, but often fail to deliver as expected down the road. For this reason alone, it is prudent to follow the lead of the local regulator and independent testimonials from other traders when making your final decision. The regulator is charged with enforcing regulatory rules toward the goal of ensuring the safety of investors, consumers and creditors, and this mission includes retail forex trading.
In short, if you wish to experience trading via your forex broker, Australia is a reasonably safe and comfortable place to get on with the job. Many of the established and respectable forex brokers for Australians are regulated by the ASIC, and there is no point in trading through an unauthorized company regardless of the attractiveness of the offer.