Best Australian Forex Brokers

Our best forex brokers Australia list in July 2022 is:

  • Pepperstone Pepperstone - Best ASIC regulated forex broker
  • FP Markets FP Markets - Lowest spread Australian forex broker
  • IC Markets IC Markets - Top currency trading broker for scalping
  • AvaTrade Avatrade - Top fixed spread forex broker
  • eToro eToro - Top Australian CFD copy trading platform
  • Plus500 Plus500 - Best forex trading Australia for beginners
  • FXCM FXCM - Good MetaTrader 4 forex trading platform
  • Saxo Markets Saxo Bank - Good VIP forex exchange broker
  • IG IG - Largest forex broker in Australia
  • CMC Markets CMC Markets - Top range of CFDs and currency pairs

Pepperstone
FP Markets
IC Markets
AvaTrade
IG
Our Rating
9.33
8
8.50
8.33
6.67
74.7% of retail investor accounts lose money when trading spread bets and CFDs with this provider
The vast majority of retail investor accounts lose money when trading CFDs.
77% of retail investor accounts lose money when trading CFDs with IC Markets (EU) Ltd
71% of retail investor accounts lose money when trading CFDs with this provider
71% of retail investor accounts lose money when
trading spread bets and CFDs with this provider

Regulations and Licenses

Feature
Pepperstone
FP Markets
IC Markets
AvaTrade
IG
ASIC (Australia)

Brokerage

Feature
Pepperstone
FP Markets
IC Markets
AvaTrade
IG
EUR/USD Avg. Raw Spread
0.17
0.20
0.02
0.3
0.17
GBP/USD Avg. Raw Spread
0.59
0.40
0.23
0.4
0.59
AUD/USD Avg. Raw Spread
0.24
0.30
0.17
0.5
0.3
EUR/USD Standard Spread
0.75
1.30
0.62
0.90
0.86
EUR/USD Fixed Spreads
0.90
Commissions (USD Base)
$3.50
$3.00
$3.50
-
-
Minimum Deposit
$0
$100
$0
$100
$450
Swap Free Account
No Inactivity Fees
Funding Methods
16+
10+
15+
7+
4+
No Funding Fees

Markets and Instruments

Feature
Pepperstone
FP Markets
IC Markets
AvaTrade
IG
Currency Pairs
62+
63+
61+
55+
100+
Cryptocurrency CFDs*
12+
4+
18+
15+
12+
Index CFDs
14+
14+
16+
33+
34+
Share CFDs
300+
12,986+
100+
625+
12000+
Commodities CFD
9+
7+
26+
30+
35+
Stockbroking
Retail Max Leverage (Australia)
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max Leverage (Australia)
500:1
500:1
500:1
400:1
Pro 1: 100:1
Pro 2: 250:1

*Cryptocurrency CFDs are not available to retail traders in the UK due to FCA regulations

Trading Platforms + Tools

Feature
Pepperstone
FP Markets
IC Markets
AvaTrade
IG
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
TradingView
Proprietary Platform
Automated Trading
Social + Copy Trading
Standard Stop Loss
Guaranteed Stop Loss
Demo Account
Unique Feature
Smart Trader Tools
Fastest Limit Order Execution Speed
ECN pricing
Choice of social trading tools
Guaranteed stop loss orders

Overall