Options adviser accreditation

ASX requires that before making recommendations or giving advice in relation to options, warrants or any other derivatives products traded on ASX, an adviser must be accredited. The accreditation requirement is designed to enable advisers to give quality advice and service on ASX derivatives products.

There are two levels of accreditation:

Level One Accreditation is required in order to advise on:

  • warrants
  • taking options
  • selling options to close a taken position
  • writing covered call options

Level Two Accreditation is required in order to advise on:

  • writing options
  • multi-legged option strategies
  • Low Exercise Price Options (LEPOs)

In order to be accredited at either Level One or Level Two, an adviser must meet certain criteria. This includes passing the relevant ASX exam, with a minimum mark of 80%.

Accreditation is only available to employees of Participant Organisations (brokers).

If you require assistance in finding an accredited adviser, the list below is a starting point. It contains names and contact information for individual advisers, as well as the type of service provided and research offered.

The criteria you use in selecting an adviser will vary according to your needs and level of trading experience. Note that options and warrants can be traded through full service, or ‘advisory’ brokers, as well as discount, or ‘no advice’, brokers. If a broker offers an execution-only service, without providing advice, accreditation may not be required for their representatives.

Note that the list below is not a complete list of all advisers who are accredited. For more information please contact us.

List of accredited options advisers (PDF 531KB)