The following 3 main factors are to look for when you are exploring the options of Australian brokers:
1. The license by the Australian Securities and Investment Commission (ASIC). It is the most important factor as ASIC is the regulatory body that is in charge of regulating the Australian financial industry. The institution helps traders to ensure that their rights as consumers are not abused by the brokers.
2. The trading platform should be reliable. It is the trader's gateway to the financial markets, so if the platform is not performing well, one will not be able to trade effectively.
3. The spreads or commissions should be reasonable. If the broker charges high spreads of commission, then your profitability will be affected.