When we have to talk about the Australian financial market, then it is important for every current or future trader to know a couple of things. Number one on the list is that the main regulatory authority is AFXC – the Australian Foreign Exchange committee which is the official representative of the Australian financial market. As you can see this is the first difference here – there is a special committee for regulations and it is not the central bank of the nation. This committee has to deal with lots of objectives that are actually pretty important when it comes to regulations of the financial markets.
After all, all that matters for the brokers is to have stable markets so that they can seamlessly trade. Here are some of the objects that has to be fulfilled.
Best Forex Brokers for United States
All participants on the financial market and people who are dealing with binary options trading should have a forum provided specially for them. Thanks to this forum, all those participants should be able to exchange information and discuss issues. The main part of this committee is to act like a conduit between the financial market and RBA.
It has to do whatever it takes in order to develop and promote the risk management by decreasing the risk and ensuring low market fluctuations.
The liquidity and volatility of the Australian market are regulated mainly by the AFXC and this is why this committee has to play its role carefully because even the smallest change can reflect on the financial market.
To give you an example, we will say that even if a new member joins the community, the volatility will still change. This is how flexible the market is, and you need to bear all those things in mind, especially if you are thinking of participating there by trading with binary options. Different institutions in Australia have different ideas.
Here is a list of some of the binary trading brokers you can use, in case you are Australian newcomer.