To help choose a broker the Australian team at CompareForexBrokers.com compared 39 ASIC regulated forex brokers in Australia. The best forex trading platforms, spreads and fees and Australian forex exchange reviews were factors to determine the top broker by category.
View the forex broker Australia comparison below.
The best Forex Brokers in Australia by trading category are:
The Pepperstone Razor Account offers the best online trading experience for Australian forex traders with:
The Pepperstone Razor account offers straight-through processing (STP) with no dealer intervention. Liquidity is sourced from up to 22 major banks across the globe and dark liquidity pools. The result is the lowest spreads on some forex pairs including the AUD/USD, EUR/JPY and USD/CAD.
Here’s a comparison of the Razor spreads to other ECN broker accounts:
Pepperstone 2020 Spreads | |||||
|---|---|---|---|---|---|
 | 0.18 | 0.27 | 0.13 | 0.24 | 0.13 |
 | 0.20 | 0.30 | 0.20 | 0.50 | 0.10 |
 | 0.30 | 0.44 | 0.36 | 0.58 | 0.05 |
 | 0.20 | 0.50 | 0.20 | 0.30 | 0.20 |
 | 0.42 | 0.30 | 0.20 | 0.83 | 0.44 |
 | 0.29 | 0.68 | 0.24 | N/A | 0.16 |
 | 0.40 | 0.70 | 0.30 | 0.70 | 0.20 |
 | 0.50 | 0.80 | 0.40 | 1.10 | 0.10 |
 | 0.70 | 0.80 | 0.50 | 0.80 | 0.40 |
 | 0.99 | 0.77 | 0.45 | 1.21 | 0.44 |
The other main trading fee is the commission, based on a side-turn of a lot (100k traded). The rate Pepperstone charge is $3.50 AUD per charge when the trader chooses the Aussie dollar as their base currency. The Pepperstone commission rate is one of the lowest of the major Australian fx brokers.
| Commission Per Side | Pepperstone | FP Markets | IC Markets | AxiTrader | Admiral Markets | FXTM | IG |
|---|---|---|---|---|---|---|---|
| AUD Base Currency | $3.50 AUD | $3.50 AUD | $3.50 USD | $3.50 USD | $4.00 USD | $4.00 USD | $6.00 USD |
To further assist traders, Pepperstone uses Price Improvement Technology (PPI). This intelligently routes currency trading orders to detect liquidity hot-spots to ensure optimal pricing for Australian traders. In simple terms, when you place a trade and the market moves in your favour (between placing the trade and it’s execution) the PPI technology detects the movement and when possible, fills the order at the improved level. This means the traders receive the improved price, with no re-quoting required.
Pepperstone combines smart technology with low spreads + commissions.
Pepperstone also offers a standard account for beginner traders with no commissions. Check out our Standard vs Razor account comparison if you’re unsure which one to choose. Both accounts also offer the option for online trading across 13 stock indices. There are no commissions and no dealing desk.
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Pepperstone claims the fastest execution speeds of <30ms once a trade is received. This was tested using the demo accounts of the leading brokers across 25 trades. As shown below, when it came to Market Orders, Pepperstone’s average speed was 85ms.
Additional testing using limit order execution speeds also saw fast execution speeds with the broker having the second fastest results.
Pepperstone achieves these results for Australian traders thanks to two factors:
One of the key issues for Australian traders is the distance between the country and the trading hubs being either in New York or London. Slow internet connections between continents mean that latency can be experienced when fx trading, leading to ‘slippage’ which is the difference between the order made and the actual order received.
Pepperstone has overcome this issue by adopting infrastructure that offers a direct fibre optic cable from their Sydney data-centre to New York. This has minimised the latency for Australian forex traders, which is why advanced traders who make split-second decisions choose their ECN platform. This makes the platform perfect for traders that adopt both technical and fundamental analysis.
Optic fibre isn’t enough to ensure the fastest trades for an Australian forex trader, as the server it connects to is just as important. To maximise server speeds Pepperstone partnered with Equinix which not only has one of the world’s best high-performance data-centre but is also less than 18 kilometres from Wall Street. Edge technology also has created new tools for existing platforms like MetaTrader, such as ‘one-click-trading’ to ensure that as soon as a trade is made it goes straight to the forex market with no dealer or other external interference that may delay the trade.
Pepperstone offers Australians the choice of the three most popular fx trading platforms globally.
The MetaTrader 4 (MT4) forex platform is the most popular worldwide due to its ease of use, charting and the ability to execute trades easily. The tool speciality is currency trading either manually, with automation or copy trading facilities. MT4 features include:
The MetaTrader 5 (MT5) platform is similar to MT4 but focuses more on CFD trading. For example, Pepperstone clients can trade Share CFDs with MT5 but not with MT4. It was built off MQL5 language with the main MT5 features including:
Primarily used by expert Australian forex traders, this forex platform is commonly used by day-traders. Expert strategies that utilise automation are executed for financial services with other features:
Most fx brokers in Australia don’t offer the choice of all three forex platforms. Below you can see the main forex brokers in Australia and which of the three mainstream platforms they offer.
| Pepperstone | Admiral Markets | AETOS | AVATrade | AxiTrader | BMFN | City Index | CMC Markets | Core Liquidity Markets | Direct FX | easyMarkets | EightCap | Forex.com | Forex FS | FP Markets | Fusion Markets | FXCM | FXGiants | FXOpen | Global Prime | GO Markets | Hantec Markets Australia | IC Markets | IG | Invast | JB Alpha | KVB Kunlun | OANDA | PhillipCapital | Plus500 | Royal Financial Trading | Rubix FX | Saxo Bank | Synergy FX | ThinkMarkets | USGFX | Vantage FX | XM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MetaTrader 4 | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ | ✘ | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ | ✘ | ✔ | ✔ | ✘ | ✔ | ✔ | ✘ | ✔ | ✔ | ✔ | ✔ | ✔ |
| MetaTrader 5 | ✔ | ✔ | ✘ | ✘ | ✘ | ✘ | ✘ | ✘ | ✘ | ✘ | ✘ | ✘ | ✘ | ✘ | ✘ | ✘ | ✘ | ✘ | ✘ | ✘ | ✘ | ✘ | ✔ | ✘ | ✘ | ✘ | ✘ | ✘ | ✘ | ✘ | ✘ | ✘ | ✘ | ✘ | ✘ | ✘ | ✔ | ✔ |
| cTrader | ✔ | ✘ | ✘ | ✘ | ✘ | ✘ | ✘ | ✘ | ✘ | ✘ | ✘ | ✘ | ✘ | ✘ | ✘ | ✘ | ✘ | ✘ | ✘ | ✘ | ✘ | ✘ | ✔ | ✘ | ✘ | ✘ | ✘ | ✘ | ✘ | ✘ | ✘ | ✘ | ✘ | ✘ | ✘ | ✘ | ✘ | ✘ |
All forex platforms offered by Pepperstone have a demo account. Each demo account is loaded with $50,000 of virtual funds to simulate forex markets. This demo account can be transitioned to a live account at any time. To learn more about these forex accounts view our demo page. Pepperstone also offers smart trader tools on the MetaTrader 4 platform when a deposit of at least AUD $500 is made. The 10 smart trading applications give MT4 traders the edge, helping trade smarter with detailed insights into forex markets. These tools assist forex trading with expert trade execution and management, advanced alarms, decision assistance as well as broadcast features providing currency market information to traders.
Pepperstone is a relatively new Australian forex broker compared to some global players but has quickly gained a dominant market share here. They have a strong customer service team in Australia with individuals who actually trade themselves, making them an excellent choice of intermediate to expert traders.
This was acknowledged when an Investment Trends survey of 15,000 Australian forex traders ranked Pepperstone number 1 in:
Pepperstone’s Australia customer support team is based in Melbourne. Traders can speak with an overseas customer support team during off-peak periods such as Friday night.
The main forms of customer support including:
Pepperstone uses the Zendesk live chat interface to communicate with customers. This is available during the same hours as the call centre team. Our team used Pepperstone’s live chat several times and found that we could engage with an agent within 5 minutes and the operator was helpful with in-depth knowledge. Overall, live chat was the fastest way to get the answer and assistance we needed when making this forex broker review.
There is 24-hour support via a 1300 number (or an international number for traders outside of Australia). This is available from Monday through to Friday. There is also a telephone number for their Shanghai and Dallas office.
Each Pepperstone call-centre location also has an e-mail contact. While this is the slowest way to send enquiries and get a response, it’s useful for long enquiries that require attachments.
Pepperstone Group Limited is regulated by the Australian Securities and Investment Commission (ASIC) with the AFSL number 414530. Our forex broker Australia comparison of leverage found they offer the highest level up to 500:1. This leverage level is not suitable to all traders and losses can exceed deposits made. It’s best to understand the risks associated with high margin before trading forex.
Pepperstone offers the best trading experience for Australian forex traders. This is based on their competitive spreads and fees, execution speed, customer support levels and the forex platform and enhancement offered.
Pepperstone has the best speed, customer service and trading platforms.
The broker is recommended for intermediate to expert traders or alternatively, those looking to algorithmically trade CFDs.
There are three ways forex brokers charge Aussie traders:
The most traded currency pair is the EUR/USD worldwide and IC Markets has the lowest spread for the pairing. It also has the lowest spread for most other popular forex pairs including GBP/USD and EUR/GBP. Overall, IC Markets had the lowest average spreads of any broker worldwide.
IC Markets Raw Account Spreads | |||||
|---|---|---|---|---|---|
| 0.10 | 0.40 | 0.40 | 0.30 | 0.20 |
| 0.05 | 0.49 | 0.61 | 1.15 | 0.30 |
| 0.13 | 0.51 | 0.48 | 1.39 | 0.18 |
| 0.20 | 0.50 | 0.40 | 1.50 | 0.20 |
| 0.16 | 0.60 | 0.54 | N/A | 0.29 |
| 0.20 | 0.60 | 0.50 | 10.00 | 0.40 |
| 0.10 | 0.60 | 0.60 | 1.30 | 0.50 |
| 0.40 | 0.70 | 0.60 | 1.80 | 0.70 |
| 0.44 | 0.85 | 0.40 | 1.30 | 0.42 |
The spreads above are applicable for the most popular Raw Spread account (formally known as the true ECN account) for MetaTrader 4 or MetaTrader 5. IC Markets archives these low spreads by not been a market maker and having STP with large liquidity pools. While the forex account isn’t called the true ECN account, the spreads are set by the market which is why over 10 currency pairs minimum spread is 0.0 pips including the EUR/USD, GBP/USD and AUD/USD.
As shown above, the commission of IC Markets main raw account is $3.50 per lot, per side. If the base currency is set for the Australian dollar then the commission is AUD $3.50 while US dollar base currency customers pay a higher commission rate of USD $3.50. Other key commission rates are for GBP base currency customers GBP 2.50, Euro base currency customers at EUR 2.75 and Singapore Dollar base currency SGD 4.50.
The third main online trading fee component is deposit and withdrawal fees. IC Markets have a $200 minimum deposit fee and from this amount to large transactions, there are no additional fees. This applies for both withdrawals and deposits.
The reason that IC Markets don’t state there are no fees is that a number of financial institutions (eg banks) charge their own fees and NAB who IC Markets utilise charge $20 for International Wire Transfers. Overall though, IC Markets doesn’t directly charge deposit or withdrawal fees further making them one of the lowest fee brokers.
IC Markets is the lowest spread Australian forex broker offering the MT4, MT5 and cTrader platform. The broker has the AFSL number 335692 and is also CySEC regulated.
With ECN spreads and commisions IC Markets has the lowest forex fees.
The broker is recommended for individuals looking to trade forex with the lowest brokerage. To open an account a minimum deposit if USD $200 is required.
FP Markets is an ASIC (Australian Securities and Investments Commission) regulated broker that offers ultra-tight spreads on an expansive range of currency pairs. They offer direct market access pricing in combination with standard CFD market makers. With over 60 major, minor and exotic forex pairs to choose from, traders can develop complex trading strategies involving a range of forex instruments.
When trading with FP Markets, traders can choose between a no commission standard forex account or a Raw account type where customers can trade institutional grade spreads while paying a flat rate commission fee of AUD $7 round turn.
Raw account holders can trade spreads as low as 0.0 pips on MetaTrader 4, MetaTrader 5 or Web Trader. Examples of forex pairs with Raw minimum spreads of 0.0 pips include:
To achieve ECN-style pricing, FP Markets connects with top-tier liquidity providers while offering no dealing desk execution, providing retail investor accounts with a professional trading environment. When using the IRESS trading platform, traders will have access to DMA execution which means you can access the full ‘depth of market’ for prices.
As well as some of the lowest spreads available, FP Markets has a reputation for excellent customer support. The broker’s award-winning customer service teams can be contacted via phone, email or live chat 24 hours a day, 5 days a week and offer efficient, multi-lingual support. They also offer excellent market intel including advanced technical analysis.
Plus500 is an ASIC regulated CFD provider that allows traders to utilise extensive risk management tools. As well as various order types and segregated client funds, Plus500 ensures traders losses are limited by providing negative balance protection, a feature offered by a few Australian providers.
When online trading CFDs with Plus500, customers gain access to a user-friendly trading platform, a range of financial instruments and advanced tools to manage the high risk of CFD trading.
The Australian Investment Trends report awarded Plus500 the best platform with:
Investment Trends runs a client survey of CFD traders annually and found that Plus500 had the best mobile platform. This was based on the ease of use, functionality and range of contracts for difference tradable. Learn more on our Australian platform page.
The trading of contract for differences comes with a high risk of losing money, Plus500 customers can use different order types to ensure profits are maximised and loses are minimised.
View the beginner broker page to compare this feature to other providers that cater to those new to trading forex.
To ensure customers do not lose more than their trading account balance, Plus500 offers negative balance protection. Although a requirement for FCA and ESMA regulated brokers in the UK and Europe, Australian financial authorities do not require brokers to provide such guaranteed protections. Only a handful of Australian financial providers, such as Plus500 and easyMarkets, offer negative balance protection. This ensures traders never lose more than their deposit, no matter what the trading conditions or trading volume. Additional investor protection received as a Plus500 customer includes:
Plus500AU PTY LTD is the ASIC regulation subsidiary for Australian forex traders holding the AFSL number 417727. They are regulated in several other locations such as South Africa (FSCA), NZ and the UK with an FCA licence (formally FSA).
eToro offers specialist services suitable for some individuals looking for:
eToro has a unique trading platform with inbuilt social trading tools. With over 300 million trades done on eToro up to 2020, there is a large community that interacts on their social network. This allows traders to discuss strategies, ideas and decisions on their social feed. The social trading functionality exists on the desktop and mobile platform.
eToro offers copy trading tools so individuals can make the same trades as the individual selected. This trading strategy means the same profit or loss percentage will be achieved and that past performance isn’t always a good indication of future performance. The reason by eToro has the most popular copy trading facility is that traders are rewarded when others follow them.
eToro offers a range of CFDs from crypto, EFTs, Indices, Stocks, Currencies to Commodities. These are all tradable on the one platform with a range of leverage. An example is 17 cryptocurrencies from Bitcoin, Ethereum to Ripple.
If social trading is important to you or you want to copy a past trader then eToro is the Australian best broker for you. Note that eToro has some unique fees including withdrawal fees to consider before joining the broker.
CMC is an all-in-one broker ideal for day trading offering:
Some day traders don’t want one provider for share trading and another for online forex trading. CMC Markets that offer both services in Australia with a wide range of markets is the logical choice for such online traders. Not only does CMC Markets offer stockbroking services, but the fee structure to trade shares is also one of the lowest as shown below.
CMC Markets also offers futures trading, commodity trading as well as foreign exchange trading. The CFD trading options with CMC Markets suit most forex trading strategies. Algorithmic trading is allowed, the margin requirement on major currency pairs is 0.2% and forex news is provided complimentary to traders.
The most popular forex brokerage trading firm in Australia based on the range of markets, accessibility, popularity and ease of use is IG Markets. By having the highest market share in Australia from retail foreign exchange traders, IG can offer a wide range of options including:
Over 178,000 retail traders from around the world enjoy trading on over 80 forex currency pairs and an additional 16,000 other markets (shares, indices, commodities, cryptocurrencies, etc.).
On the most popular currency pairs, the AUDUSD and EURUSD the minimum spread is 0.6 pips. However, since IG offers a variable spread model, the real spread widens being affected by:
The hallmark of the variable spread model is that you can have commission-free trading. To have a better view of the total trading costs, we’re going to expose the average spreads as calculated for the 12 weeks ending 31st May 2019. For example, the average AUD/USD spread is 0.76 pips respectively 0.70 pips EUR USD average spread. For a complete spread review, please study the table below.
For sophisticated investors, IG offers Direct Market Access trading accounts (DMA) without market maker intervention. Traders must be aware that having access to IG Forex Direct comes with higher costs. The commission charged by IG is progressively applied via a volume-based scheme. For low volume traders, the commissions are quite high and in the long-term can eat from your profits. Below you can view the complete commission-based scheme charged by IG Markets.
For example, if you generate less than $100 million in volume per month, IG Markets will charge you $60 per $1 million traded. Compared to Pepperstone and IC Markets, IG comes lower in our star scoring system. On the plus side, the average spreads offered by IG are kept lower via Forex direct. The spreads from the table below are derived directly from the biggest banks in the world.
IG Markets is the world’s oldest foreign exchange broker and has been favoured by many Australian traders due to its rich history in serving retail clients of all backgrounds. When choosing a forex broker, it’s best to opt for a regulated FX provider. IG Market’s is well-regulated by worldwide financial watchdogs from Australia, UK and USA.
CityIndex is part of GAIN Capital that is listed on the New York Stock Exchange. The CFD provider offers low fee cryptocurrency CFD trading on:
When placed side-by-side with other Australian-based brokers, only CMC Markets has competitive spreads on cryptocurrency that start from $37, while IG Markets offers a $40 Bitcoin spread. The total financing cost for trading Bitcoin is $39.32 for buying Bitcoin respectively $33.56 for selling Bitcoin. For a complete review and a full comparison of the total costs on cryptocurrency trading, please study the chart below.
The City Index trading platform allows cryptocurrency trading with up to 4:1 leverage, fast execution speeds, no commissions and low spreads including the following:
The most popular cryptocurrency in 2020, this blockchain technology allows diversification from traditional financial markets. The market capitalisation in 2020 is over $65 billion USD and has become one of the most traded elements on the markets.
Learn more on this Bitcoin website.
Now the third most valuable cryptocurrency (Ripple is 2nd at the start of 2020), this serves more industries and purposes giving it a competitive edge. Key uses of Ethereum include blockchain application platforms through to smart contracts.
Learn more on this Ethereum Project website.
“Digital Cash” (shortened to Dash) focuses on enhancing anonymity and processing speeds of cryptocurrency. Dash is used worldwide as an efficient payment system. This popular use has led to increased liquidity and volatility within the asset class.
Discover more on the official Dash website.
This was launched after Bitcoin in 2011. The aim was to speed up transactions with the use of a simpler algorithm. The result has led to its increase in popularity and market capitalisation. This has made it a great alternative to Bitcoin to trade. More can be found on their P2P site.
By offering 5:1 margin on mainstream cryptocurrencies, City Index enhances the potential profits or losses of this volatile sector.
It’s important to understand that the trading strategy of trading crypto CFDs is not the same as owning cryptocurrency as shown below.
City Index offers some of the lowest cryptocurrency trading fees starting with spreads from:
The market-leading pricing offered by City Index is derived from multiple cryptocurrency exchanges. The robust pricing model used by City Index produces a volume-weighted average price, which is why the Bitcoin spreads are among the lowest in the industry.
Open a demo account >>Visit City Index >>
MetaTrader 4 is the most popular forex trading platform both in Australia and worldwide. Pepperstone is the recommended MT4 broker based on execution speeds, spreads and customer service.
Those looking to trade share CFDs prefer MetaTrader 5 with IC Markets the top MT5 broker. MetaTrader 5 is also a good option for automated forex trading.
Australian traders should ask the following questions:
Negative balance protection is offered in Australia with Plus500, ThinkMarkets, easyMarkets, AvaTrade and Admiral Markets and XM. You can see our review for best Australia forex brokers with guaranteed negative balance protection here. While negative balance protection is a useful safeguard for CFD traders the brokers that offer it generally charge higher fees. You can view the lowest fee broker page is you want to minimise brokerage when trading currency.
To help start trading with the right broker we have collated brokers that only have Australian Securities And Investments Commission regulation (ASIC regulated). This means they hold an Australian Financial Services Licence (AFSL) for the financial instruments offered. Australian traders should only consider these regulated brokers to avoid scams that are normally associated with unregulated brokers. Below shows our forex brokers Australia regulated list updated in 2020.
| Australian Forex broker | Office Location | Max leverage | Forex Platform(s) | Regulation |
|---|---|---|---|---|
| Admiral Markets | Sydney | 500:1 | MT4, MT5 | AFSL 410681 |
| AETOS | North Sydney | 200:1 | MT4, Multi-Account Management | AFSL 313016 |
| AVATrade | Sydney | 400:1 | MT4, AvaTradeAct, | AFSL 406684 |
| AxiTrader | North Sydney | 400:1 | MT4 | AFSL 318232 |
| BMFN | Sydney | 200:1 | MT4, LMAX | AFSL 379035 |
| City Index | Sydney | 200:1 | MT4, AT Pro | AFSL 345646 |
| CMC Markets | Sydney | 500:1 | CMC Next Generation | AFSL No. 238054 |
| Core Liquidity Markets | Sydney | 400:1 | MT4, Multi-Account Trader | AFSL 305539 |
| Direct FX | Sydney | 400:1 | MT4, Multi0Account Manager , CQG FX | AFSL 305539 |
| easyMarkets | Sydney | 400:1 | MT4, easyMarkets | AFSL 246566 |
| EightCap | Melbourne | 500:1 | MT4 | AFSL 391441 |
| Forex.com | Sydney | 200:1 | MT4, FOREX Trader PRO | AFSL 345646 |
| Forex FS | Sydney | 500:1 | MT4, JForex, | AFSL 323193 |
| FP Markets | Sydney | 500:1 | MT4, IRESS Suite | AFSL 286354 |
| Fusion Markets | Melbourne | 500:1 | MT4 | AFSL 226199 |
| FXCM | Sydney | 400:1 | MT4, NinjaTrader, Trading Station | AFSL 309763 |
| FXGiants | Sydney | 200:1 | MT4, Personal Multi-Account Manager | AFSL 417482 |
| FXOpen | Sydney | 500:1 | MT4 | AFSL 412871 |
| Global Prime | Sydney | 200:1 | MT4, FIX API, MAM/PAMM | AFSL 385620 |
| GO Markets | Melbourne | 300:1 | MT4 | AFSL 254963 |
| Hantec Markets Australia | Sydney | 200:1 | MT4, Interbank Direct | AFSL 326907 |
| IC Markets | Sydney | 500:1 | MT4, MT5, cTrader | AFSL 335692 |
| IG | Melbourne | 200:1 | MT4, L2 Dealer, ProRealTime | AFSL 220440 |
| Invast | Sydney | 100:1 | MT4, IRESSTrader, MaxxTrader | AFSL 438283 |
| JB Alpha | Melbourne | 100:1 | MT4 | AFSL 327075 |
| KVB Kunlun | Melbourne | 200:1 | Forex Star | AFSL 226602 |
| OANDA | Sydney | 100:1 | OANDA, MT4 | AFSL 412981 |
| Pepperstone | Melbourne | 500:1 | MT4, MT5, cTrader | AFSL 414530 |
| PhillipCapital | Melbourne | 100:1 | MT4, Phillip CFD Trader | AFSL 246827 |
| Plus500 | Sydney | 300:1 | CFD Trading Platform Only | AFSL 417727 |
| Royal Financial Trading | Sydney | 400:1 | MT4 | AFSL 420268 |
| Rubix FX | Melbourne | 400:1 | MT4, Rubix Prime | AFSL 337985 |
| Saxo Bank | Sydney | 50:1 | Saxo Trader | AFSL 280372 |
| Synergy FX | Melbourne | 500:1 | MT4, Social Trader | AFSL 403863 |
| ThinkMarkets | Melbourne | 400:1 | MT4, Trade Interceptor | AFSL 424700 |
| USGFX | Sydney | 500:1 | MT4, ZuluTrade | AFSL 302792 |
| Vantage FX | Sydney | 500:1 | MT4, MT5, MarketTrader | AFSL 428901 |
| XM | Sydney | 500:1 | MT4, MT5 | AFSL 443670. |
While the ASIC regulated forex broker table above only have Australian regulated foreign exchange brokers, several other tables look at online brokers based on key requirements ranging from ‘low fees’ to ‘high leverage’. We also focused on other providers such as GO Markets, FXCM, Fusion Markets, AvaTrade and IG Markets for those looking for more than just currency trading. Most of these forex trading platforms are nationally regulated as the authors rated higher brokers that offered Australians the higher level of security. If you’re located outside of Australia (such as the USA) these brokers may not be able to cater for you and other regulators brokers such as NFA are more suitable. It’s worth noting that all trading with leverage has a high level of risk which should be understood prior to trading.
This Australian foreign exchange broker comparison was based on individual brokers websites. Without the use of feeds or automation, the authors were able to give a more informed decision but it can lead to inaccuracies occurring. This is mainly due to foreign exchange brokers changing information (such as their average spreads) without notice. Please inform the authors if you see an inaccuracy. To ensure forex traders make the right decision we traders to broker websites to join so they can make a final check. At this point, the trader should verify the information found on this site to ensure the broker meets their requirements.
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Bitcoin Trading
