Trade iShares MSCI South Korea ETF in Australia

iShares MSCI South Korea ETF (EWY) is tradable as a perpetual from Australia: the legal status, working funding rails and the practical route are below.

Is iShares MSCI South Korea ETF trading legal in Australia?

Australia treats spot crypto and crypto derivatives as different regulatory objects and gives them different answers, but neither is banned. Holding and trading crypto is lawful — ASIC's consumer site describes buying and selling crypto on a trading platform as an ordinary thing to do while warning it is highly speculative — though it is careful to say that crypto-assets, even Australian dollar stablecoins, are not legal tender in Australia and are not widely accepted as payment. The government was consulting on exposure-draft legislation to bring digital asset platforms and tokenised custody platforms in as new financial products when INFO 225 was last updated, so this perimeter is expected to move.

What the contract is

The contract itself does not change by geography: a EWY perpetual settles in USDC everywhere.

Sign up on Canborsa with email, X or a wallet

No document upload to open the account. Canborsa is non-custodial: your collateral stays under your own keys until a position opens.

Email X Wallet

Fund the account with USDC

Deposit USDC over Canton, Robinhood Chain, Ethereum, Base, BNB Chain or Arbitrum. Canborsa takes no fiat, so buying the USDC happens wherever you normally buy stablecoins.

→Robinhood Chain

Open EWY-PERP

Pick EWY in the markets list. The ticket shows the live price, the current funding rate and max leverage 10x .

EWY-PERPPerpetual · USDC marginLONG

Choose Buy / Long, then set size and leverage

Buying $1,000 of EWY at 5x uses $200 of collateral. Higher leverage moves the liquidation price closer to your entry: your exposure is the position size, whatever margin you posted. Set a stop-loss below your entry before you walk away.

Cryptocurrency in Australia is taxed at rates between 0% and 45%, with a 50% capital gains discount for crypto held longer than a year before disposal.

Trading EWY from Australia: legal.

From Australia, you can fund an iShares MSCI South Korea ETF position using PayID, Bank transfer / Osko and RTGS (real time gross settlement).

On Canborsa, traders in Australia can use up to 10x leverage on iShares MSCI South Korea ETF.

Canborsa charges 0.07% per side (0.14% round trip) on iShares MSCI South Korea ETF.