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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