FOREX LICENSE IN AUSTRALIA

In Australia online Forex trading market is considered to be a form of OTC contract for difference, that is a financial product according to the Corporations Act 2001. According the Corporations Act, online forex trading is a financial service that is prohibited in Australia without a license provided by a special commission.

Selection of the financial services and products is provided by the applicant when applying for a license.

Regulatory authority

Australian Commission on Financial Services is a central regulator of the financial services sector.

Legislation

• Australian Corporations Act

• Other acts and regulations governing the provision of financial services

• Regulatory Commission statements

Price of getting license

35,000 USD

Terms

6-12 months from the day of submission to Commission.

Note: The legislation does not contain exact timing for consideration of the application from the date of submission full package of documents to the Commission. The legislation contains a general norm that determines the terms of the license, giving thus a wide competence to the Commission for consideration of the obtaining license application. According to paragraph 795B of the Corporations

Act license may be given after all of legal requirements complied.

SBSB offers help in obtaining a brokerage license in Australia and other jurisdictions. Please check all list of jurisdictions below.

If any help in obtaining brokerage license need, please, feel free to contact our specialists via phone-call (numbers required can be found in contact list on the internet page) or by submitting a form located on the left side of the page.

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