Tag: AxiTrader

February 07, 2013 BY Gerald Segal

Australia minimum capital for FX brokers rises to AUD$500K

Australia's ASIC requiring more capital, but only for market makers. Australia's financial regulator ASIC has put into effect (as of January 31, 2013) its new minimum capital requirements for retail brokers, including FX firms. Minimum capital is now AUD$ 500,000 (about USD$ 515,000), up ten-fold from just AUD$ 50,000, which was the lowest minimum capital…

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April 26, 2012 BY Gerald Segal

Australia FX report issued by Investment Trends

Research firm Investment Trends issued a detailed report on the Australian Forex and CFD market (see text of theire news release below). Among the key findings were that Australia is already a larger FX market, relative to the country's size, than most other countries, yet the prospects for growth are still high. The report also…

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