Are prop trading firms legal in Australia? The funded-account product is not separately licensed, but the underlying CFD exposure falls squarely under ASIC's product-intervention order and design-and-distribution obligations, and soliciting Australian retail clients carries real regulatory risk. We treat Australian promotion risk as high, so no firm is listed for this market — this page exists for information only (reviewed June 2026).
About: Australia
Australia is a grey market. ASIC's CFD product-intervention order (in force since 2021) caps retail leverage and its design-and-distribution obligations apply to the underlying CFD exposure. The funded-account product itself is not separately licensed, but soliciting Australian retail clients carries real regulatory risk. We treat promotion risk as high and list no firm for this market today.
Authority: Australian Securities and Investments Commission (ASIC) · official site
Firms for Australia
No firm is listed for this country. We have joined no affiliate program and the legal picture is adverse, so we list no firm here today.
How does ASIC regulate this?
Australia does not license the funded-account challenge as a product. What ASIC reaches is the underlying CFD exposure. ASIC's CFD product-intervention order, in force since 2021, caps retail leverage and constrains how CFDs may be offered to retail clients, and its design-and-distribution obligations require issuers to target products appropriately. A prop firm's evaluation sits adjacent to that regulated activity, not inside a bespoke licence.
So a firm accepting Australian clients is not offering a regulated, protected investment. There is no compensation scheme behind a funded-account evaluation. Read each firm's own terms for whether it accepts Australian residents, and treat any evaluation fee as money at risk.
Why we list no firms for Australia
Because soliciting Australian retail clients for CFD-linked products carries real regulatory risk and we have joined no affiliate program, we list no firm for Australia today. Nothing on this page is financial advice or a recommendation to sign up with any firm. This is the conservative default for a high-risk, largely unregulated financial product.
Frequently asked questions
Are prop trading firms legal in Australia?
The funded-account product itself is not separately licensed in Australia, but the underlying CFD exposure falls under ASIC's product-intervention order (in force since 2021) and design-and-distribution obligations. Soliciting Australian retail clients carries real regulatory risk. We treat promotion risk as high and list no firm for this market.
Does ASIC protect my prop firm evaluation fee?
No. There is no compensation scheme covering a funded-account evaluation fee in Australia. ASIC regulates the underlying CFD activity, not the challenge product. An evaluation fee is at risk; never pay more than you can afford to lose.