Best Forex Brokers In Australia

Best Australian Forex Brokers In 2020

  • Pepperstone – Best ASIC regulated forex broker
  • IC Markets – Lowest forex broker Australia spreads
  • Plus500 – Best forex trading platform for beginners
  • IG – Largest forex broker in Australia
  • CMC Markets – Good range of currency pairs
  • eToro – Top CFD copy trading platform
  • Saxo Bank – Top VIP forex exchange broker
  • FXCM – Good MetaTrader4 forex broker
  • City Index – Best fixed spread forex broker
  • FP Markets – Good forex trading experience
Pepperstone
IC Markets
FP Markets
CMC Markets
Plus500
Our Rating
9.17
8.83
8
7.17
5.83
Most Awarded Broker
Best Spread Broker
Fastest Limit Order Speed
Offers CFDs + Stockbroking
80.5% of retail CFD accounts lose money

Regulations and Licenses

Feature
Pepperstone
IC Markets
FP Markets
CMC Markets
Plus500
ASIC (Australia)

Brokerage

Feature
Pepperstone
IC Markets
FP Markets
CMC Markets
Plus500
EUR/USD Avg. Raw Spread
0.13
0.10 Raw Account
0.05
GBP/USD Avg. Raw Spread
0.51
0.40 Raw Account
0.49
AUD/USD Avg. Raw Spread
0.18
0.20 Raw Account
0.30
EUR/USD Standard Spread
1.13
1.10
1.19
1.2
0.8
Commissions (USD Base)
AUD $3.50
$3.50
USD $3.00
Commission Rebates

Markets and Instruments

Feature
Pepperstone
IC Markets
FP Markets
CMC Markets
Plus500
Currency Pairs
66+
65+
45+
339
60+
Cryptocurrency CFDs
4+
10+
5+
12
14+
Index CFDs
2+
16+
10+
46
67+
Commodities CFD
4+
19+
3+
111
17+
Stockbroking
Retail Max. Leverage
500:1
500:1
500:1
500:1
300:1

Trading Platforms + Tools

Feature
Pepperstone
IC Markets
FP Markets
CMC Markets
Plus500
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader

Overall

Pepperstone
IC Markets
FP Markets
CMC Markets
Plus500