Platform Safety Checklist for Australian Investors
Use this checklist as a starting point before depositing funds on any Australian or offshore trading platform. It is not a formal verification — always do your own research.
Risk Warning
Trading financial products involves risk. CFDs, forex and crypto-related products can be highly volatile and may not be suitable for all investors. TradeRadarNews Australia provides general educational information only and does not consider your objectives, financial situation or needs. Consider seeking independent advice before investing.
Regulation and identity checks
- Can you find the legal entity name and ABN?
- Can you verify the AFSL or AUSTRAC registration?
- Does the domain match the registered company?
Fees and product clarity
- Are brokerage, spreads, FX and withdrawal fees clearly disclosed?
- Is the product disclosure statement available?
- Are risk warnings prominent?
Behavioural red flags
- Guaranteed returns or 'risk-free' trading claims.
- Pressure to deposit more or upgrade to a 'VIP' account.
- Requests to send funds in crypto to recover a 'frozen' account.
- Account managers who trade on your behalf without proper authorisation.
- Unclear company name, no ABN, or unverifiable address.
- Withdrawals blocked unless additional fees or taxes are paid.
- Unrealistic testimonials, celebrity endorsements or fake regulatory badges.
What this checklist does not do
This checklist is a general educational tool. It is not a formal verification of a platform's safety, licensing, financial position or business practices. Always confirm details directly with the provider and on ASIC's public registers.
Related Guides
Our editorial team researches trading platforms, market education topics and scam warning signs for Australian readers. Our content is general information only and does not consider your personal objectives, financial situation or needs.
General information only. Trading involves risk and may not be suitable for all Australians.