The Top Forex Trading Platforms For Australians

Our recommended brokers in 2020 for each of the best forex trading platforms for traders in Australia

  • Pepperstone is the best broker for the MetaTrader 4 trading platform
  • IC Markets is the best broker for the MetaTrader 5 trading platform
  • Pepperstone is the best broker cTrader trading platform
  • eToro has the best social trading platforms
  • FP Markets is the best broker for IRESS trading platform
  • IG is the best broker for a proprietary trading platform

Broker Reviewed

Pepperstone
IC Markets
FP Markets
IG
Our Rating
9.17
8.83
8
6.67
Most Awarded Broker
Best Spread Broker
Fastest Limit Order Speed
Risk management features

Regulations and Licenses

Feature
Pepperstone
IC Markets
FP Markets
IG
ASIC (Australia)

Brokerage

Feature
Pepperstone
IC Markets
FP Markets
IG
EUR/USD Avg. Raw Spread
0.13
0.1
0.1
0.17
GBP/USD Avg. Raw Spread
0.51
0.4
0.49
0.6
AUD/USD Avg. Raw Spread
0.18
0.2
0.3
0.3
EUR/USD Standard Spread
1.13
1.1
1.1
0.7
EUR/USD Fixed Spreads
Commissions (USD Base)
AUD $3.50
USD $3.50
USD $3.00
Commission Rebates
Minimum Deposit
$200
USD $200
$100
$450
Has Islamic Account
No Inactivity Fees
Funding Methods
16
15
8
4
No Funding Fees

Markets and Instruments

Feature
Pepperstone
IC Markets
FP Markets
IG
Currency Pairs
66+
65+
45
90+
Cryptocurrency CFDs
4+
10+
5
8
Index CFDs
2+
16+
10
37
Share CFDs
5+
100+
12,986
8,600+
Commodities CFD
4+
19+
3
26
Stockbroking
Retail Max. Leverage
500:1
500:1
500:1
200:1
Professional Leverage
500:1
500:1
500:1
200:1

Trading Platforms + Tools

Feature
Pepperstone
IC Markets
FP Markets
IG
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
Proprietary Platform
Automated Trading
Social + Copy Trading
MetaTrader 4 only
Standard Stop Loss
Guaranteed Stop Loss
Guaranteed Neg Protection
ESMA regulated territories only
ESMA regulated territories only
Demo Account
Unique Feature 1
Smart Trader Tools
ECN pricing
Fastest Limit Order Execution Speed
Guaranteed stop loss orders
Unique Feature 2
Fast Execution Speed
Range of fee free funding options
No Dealing Desk Execution
Choice of Platforms

Overall