Best Australian Forex Broker 2020

Top 8 Australian Forex Brokers

The best Forex Brokers in Australia by trading category are the following:

  • Pepperstone – Best ASIC Regulated Forex Broker
  • IC Markets – Lowest Fee Australian Forex Broker
  • Plus500 – Best Forex Trading Platform For Beginners
  • eToro – Top Social Currency Trading Platform
  • CMC Markets – All-In-One Broker For Share + Forex Traders
  • FP Markets – Good Range of CFD + Currency Pairs
  • IG Group – Fx Broker With Negative Balance Protection
  • City Index – MetaTrader 4 Broker With Crypto CFDs

Broker Reviewed

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
0.09
GBP/USD Avg. Raw Spread
0.51
0.40
0.49
AUD/USD Avg. Raw Spread
0.18
0.20
0.30
EUR/USD Standard Spread
1.13
1.10
1.19
1.2
0.6
Commissions (USD Base)
AUD $3.50
USD $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