License & Regulation
Empower Markets is fully regulated under ASIC (The Australian Securities and Investments Commission), which is an independent government body that acts as Australia’s corporate regulator.
Why Empower Markets Is In Australia?
The economy of Australia is a highly developed market economy. Its GDP was estimated at A$1.89 trillion as of 2019.In 2018 Australia became the country with the largest median wealth per adult.
Australia’s total wealth was AUD$10.9 trillion as of September 2019. Australia took the record for the longest run of uninterrupted GDP growth in the developed world with the March 2017 financial quarter, the 103rd quarter and marked 26 years since the country had a technical recession.
Regulated Under ASIC
The Australian Securities and Investments Commission (ASIC) is an independent Australian government body that acts as Australia’s corporate regulator. ASIC’s role is to enforce and regulate company and financial services laws to protect Australian consumers, investors and creditors.
A forex broker license issued by the Australia Securities and Exchange Commission (ASIC) ranks as one of the premier choices for FX brokers looking to establish a presence not only in Oceania but Asia as well. Due to the strict selection criteria set by ASIC, any broker granted this license stands in a league apart from the competition.
ASIC Responsibilities Include:
- maintain, facilitate and improve the performance of the financial system and entities in it
- promote confident and informed participation by investors and consumers in the financial system
- make information about companies and other bodies available to the public as soon as practicable
Why Choose Empower Markets
The reality of trading is that there is no single safe strategy. When you choose Empower Markets, you benefit from a broker that complies with the most stringent regulations for investor protection, laid out by the World.
We adhere to strict capital requirements to meet client payout obligations and employ sound internal procedures for risk management, financial reporting, staff hiring, and external audit schedules.
Segregation of Funds
We ensure that retail client funds are always kept separate from the firm’s capital, protected by leading banks. Under no circumstance is client money used to meet company expenses, ensuring fund safety for investors.
We’ve partnered with top tiers financial institutions, such as HSBC, JP Morgan, Barclays, and Goldman Sachs, to ensure multi-asset liquidity. Our partners ensure the highest levels of interbank liquidity for our clients.
We offer our clients regular account statements. Our financial accounts are audited by external audit firms, to ensure constant compliance with regulations across operations.
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