Best Forex Brokers In Australia

Top 10 Australian Forex Brokers

  • Pepperstone – Best ASIC regulated forex broker
  • IC Markets – Lowest spread Australian forex broker
  • Markets.com – Best forex platforms and tools
  • FP Markets – Best forex broker for scalping
  • IG – Largest forex broker in Australia
  • Plus500 – Best forex trading platform for beginners
  • CMC Markets – Good range of currency pairs
  • eToro – Top CFD copy trading platform
  • Saxo Bank – Top VIP forex exchange broker
  • FXCM – Good MetaTrader 4 forex broker
  • City Index – Top fixed spread broker
Pepperstone
IC Markets
Markets.com
FP Markets
CMC Markets
Our Rating
9.17
8.83
8.17
8
7.17
Most Awarded Broker
Lowest Spreads
Negative Balance Protection
Fastest Limit Order Speed
Offers CFDs + Stockbroking

Regulations and Licenses

Feature
Pepperstone
IC Markets
Markets.com
FP Markets
CMC Markets
ASIC (Australia)

Brokerage

Feature
Pepperstone
IC Markets
Markets.com
FP Markets
CMC Markets
EUR/USD Avg. Raw Spread
0.16
0.10
0.10
GBP/USD Avg. Raw Spread
0.40
0.40
0.20
AUD/USD Avg. Raw Spread
0.27
0.20
0.20
EUR/USD Standard Spread
1.16
1.10
0.60
1.20
1.2
Commissions (USD Base)
$3.50
$3.50
$3.00
Commission Rebates

Markets and Instruments

Feature
Pepperstone
IC Markets
Markets.com
FP Markets
CMC Markets
Currency Pairs
66
65
120
61+
339
Cryptocurrency CFDs
6
10
7
5+
12
Index CFDs
15
16
58
14+
46
Commodities CFD
22
19
36
4+
111
Stockbroking
Retail Max. Leverage
500:1
500:1
300:1
500:1
500:1

Trading Platforms + Tools

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

Overall

Pepperstone
IC Markets
Markets.com
FP Markets
CMC Markets