Is Forex trading legally permitted in Australia? In general terms, the transition from Australia toward the Forex business through its determination to establish the best available practices and make trading safer and more accessible to all, really extends the establishment of the first brokerage offerings. The first such offerings were made by a trading firm called the Australia Exchange (AEX) back in 1972. The AEX was set up with the intention of creating a new marketplace for trading in the financial markets. This was primarily done through the promotion of various trading programs and software that are available on the market today.
Today, the trading activities conducted in the Forex market in Australia involve participants from various countries, including New Zealand, Canada, South Africa, Thailand, the United States of America and several other countries. While there is no official regulation that regulates the operation of Forex brokers in the country of the participant, the Australian government has taken a very proactive role in encouraging its members to adhere to certain rules and regulations. These rules and regulations have been put into place to ensure that the trading activities conducted in the market are fair and beneficial for all parties involved.
As previously mentioned, Australia’s main purpose for establishing the first Forex brokerage offerings was to create a market that would be able to provide traders from around the world access to financial information without having to physically be present in the country of its participating participants. This is a goal that has been achieved through the establishment of various exchanges that allow trading activity to take place between a wide variety of countries and people. By providing participants from around the globe access to this valuable information, Australia has opened its door to a new market of consumers who have become interested in foreign currency trading in the hopes of profiting from a better chance at success.
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To this end, it has been a goal of the Australian government to encourage the growth of the industry. This is a goal that has been achieved through the establishment of various regulatory bodies such as the AML (Australian Money Laundering Regulations) and the FFA (Financial Services Authority). These bodies work together to protect the interests of Australian residents and financial institutions from fraud in the Forex market. There are also different types of regulatory bodies that work to provide protection to those who trade through the Internet platforms.
Because there are different regulatory bodies that regulate the industry, some of the practices of trading have been subjected to criticism. In particular, a few individuals have criticized the use of automated software and trading systems. However, most of these criticisms can be traced back to the fact that most of these critics are not fully aware of the rules and regulations that govern the industry and how they apply to their own trading activities.
In summary, the success of the industry and the practice of Forex trading in Australia is largely attributed to the dedication of the government, and the efforts of individual members of that government, to help create an environment that allows for the efficient functioning of trading activities among participants in the foreign exchange market. In turn, the successful growth of the business has given rise to many Forex brokers offering Forex services in the country of its participants.