Mark R Brown

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How to verify a broker’s ASIC license?

In Australia, traders can verify a broker’s license through the ASIC (Australian Securities and Investments Commission) Professional Registers. By entering the broker’s name or AFSL (Australian Financial Services License) number, users can confirm legitimacy. ASIC-regulated brokers must meet capital requirements, segregate client funds, and follow conduct rules. They cannot offer extreme leverage to retail traders (capped at 1:30). Verification helps traders avoid scams and ensures their funds are protected under strict Australian regulations.