ASIC's Moneysmart explains crypto assets and their risks. Buying Bitcoin and purchasing access to a simulated prop program are distinct arrangements.
Understand your routes
Spot Bitcoin
Review custody, fees and the provider. ASIC's Moneysmart explains that crypto assets can be volatile and consumer protections vary.
Provider checks requiredLeveraged products
A leveraged contract is different from owning Bitcoin. Verify the product and provider's permissions before choosing a route.
Product checks requiredSimulated prop accounts
Australia is absent from Tradeify247's published residency restriction list. We have not independently confirmed the Australian regulatory classification of its program.
Classification unverifiedUnderstand what you are buying
An asset purchase, a leveraged contract and a simulated program fee create different rights. Check custody arrangements, withdrawal terms and the legal entity you contract with.
How does the prop-account route work?
Tradeify247 describes simulated execution with payouts dependent on the program's requirements. Compare the account fee, drawdown model and holding costs before selecting a plan.
Check eligibility separately
Provider acceptance is a residency and onboarding policy. It does not replace checking the applicable Australian rules or establish an ASIC endorsement.
Sources for this guide
Reviewed 2026-09-30. Rules and provider policies can change.
ASIC Moneysmart · crypto assets Tradeify247 · terms of use Tradeify247 · restricted countries