Best Forex Trading Platform For Beginners in Australia

Here are our best trading platforms for beginners in Australia by category:

  • Markets.com Markets.com – Best Forex Trading Platform Overall For Beginners
  • Pepperstone Pepperstone – Top MetaTrader 4 and 5 Trading Platform For Beginners
  • FP Markets FP Markets - Best Virtual Trading Demo Account for Beginners
  • IC Markets IC Markets - Best Spreads For Beginner Traders
  • ThinkMarkets ThinkMarkets – Best Range of Trading Tools For Beginners
  • Plus500 Plus500 – Great Platform with Beginner Risk Management Tools
  • eToro eToro - Super Platform with Social Trading Tools For Beginners
  • FxPro UK FxPro - Offers cTrader Trading Platform; Terrific For Beginners
  • CMC Markets CMC Markets – Best Mobile Trading Platform for Beginners
  • oanda logo Oanda – Best CFD Web Platform for Beginners

Markets.com
Pepperstone
FP Markets
IC Markets
ThinkMarkets
Our Rating
8.17
9.17
8
6.83
7.67
Negative Balance Protection
Most Awarded Broker
FP Markets don't provide % of clients who lose money
Lowest Spreads
78.94% of retail investor accounts lose money when trading CFDs with this provider

Regulations and Licenses

Feature
Markets.com
Pepperstone
FP Markets
IC Markets
ThinkMarkets
ASIC (Australia)
FSCA (South Africa)
Pending

Brokerage

Feature
Markets.com
Pepperstone
FP Markets
IC Markets
ThinkMarkets
EUR/USD Avg. Raw Spread
0.09
0.01
0.10
0.1
GBP/USD Avg. Raw Spread
0.38
0.2
0.40
AUD/USD Avg. Raw Spread
0.17
0.2
0.20
EUR/USD Standard Spread
0.60
0.69
1.2
1.10
EUR/USD Fixed Spreads
1.2
Commissions (USD Base)
$3.50
USD $3.00
$3.50
$3.50 per side
Commission Rebates
Minimum Deposit
$250
$200
$100
$200
$0
Swap Free Account
No Inactivity Fees
Funding Methods
6
16
8
15
6
No Funding Fees

Markets and Instruments

Feature
Markets.com
Pepperstone
FP Markets
IC Markets
ThinkMarkets
Currency Pairs
67
66
61+
65
38+
Cryptocurrency CFDs
25
12
5+
10
5+
Index CFDs
40
15
14+
16
21+
Share CFDs
3312
300+
12,986+
100
1200+
Commodities CFD
28
22
4+
19
10+
Stockbroking
Retail Max. Leverage
30:1 (UK/Europe/Australia)
300:1 (Other)
30:1
30:1 ASIC
30:1 Europe
500:1 International
30:1
30:1
Professional Leverage
300:1
500:1
500:1
500:1
500:1

Trading Platforms + Tools

Feature
Markets.com
Pepperstone
FP Markets
IC Markets
ThinkMarkets
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
Proprietary Platform
Automated Trading
Social + Copy Trading
Standard Stop Loss
Guaranteed Stop Loss
Guaranteed Neg Protection
(Aust/Europe only)
(Aust/Europe only)
Demo Account
Unique Feature 1
Unique Trading Tools
Best Customer Service
Fastest Limit Order Execution Speed
ECN pricing
STP Order Execution
Unique Feature 2
Share Dealing
Fast Execution Speed
Low spreads
Range of fee free funding options
Uptime record of 99.99%

Overall