Fees are the most important factor when choosing a forex broker and the spread is the main element of brokerage. There are three types of trading accounts that impact the spread:

  1.  RAW account (formally known as an ECN account)
  2. Standard account (no-commission trading account)
  3. Fixed spread account

The brokers compared for each forex account type are Australian Securities And Investment Commission and listed on the ASIC register. Spreads compared were published based on published monthly data and testing conducted by Ross Collins[1]Raw vs Standard account testing.

Australian Low Spread Forex Broker List

Our list of the best ASIC regulated forex brokers with the lowest spreads is:

  • Eightcap - Lowest Raw Spread Forex Trading Account
  • IC Markets - Lowest Spread No Commission Forex Broker
  • Fusion Markets - Lowest Forex Broker Commission Rate
  • Pepperstone - Best Zero Spreads Forex Broker
  • AvaTrade - Lowest Fixed Spread Trading Account
  • eToro - Lowest Social Trading Forex Broker
  • ThinkMarkets - Best Low Spread Scaping Forex Account
  • IG - Most Trusted Low Spread Broker In Australia
Broker Our Rating Regulation Standard
EUR/USD Spread
Standard
GBP/USD Spread
Standard
AUD/USD Spread
Raw
EUR/USD Spread
Raw
GBP/USD Spread
Raw
AUD/USD Spread
Commissions
(USD Base)
MetaTrader 4 MetaTrader 5 cTrader Execution Speed Minimum Deposit Currency Pairs Crypto CFDs Retail Leverage Prof. Leverage
9.00 ASIC, SCB, CySEC 1.0 1.0 1.2 0.06 0.73 0.27 $3.50 143ms $250 (Raw)
$500 (Standard)
40+ 250+ 500:1 500:1 Visit Site
8.50 ASIC, FSA
CySEC
0.62 0.83 0.77 0.02 0.23 0.17 $3.50 134ms $0 61+ 18+ 30:1 500:1 Visit Site
8.17 ASIC, VFSA 0.93 1.08 0.92 0.13 0.21 0.12 $2.25 79ms $0 90+ 10+ 500:1 500:1 Visit Site
9.33 ASIC, FCA
CySEC, DFSA
1.12 1.69 1.22 0.10 0.60 0.30 $3.50 77ms $0 62+ 12+ 30:1 500:1 Visit Site
7.67 FCA, FSCA
ASIC, FSA-S, CySEC
1.1 1.3 1.1 0.1 0.3 0.2 $3.50 161ms $0 46+ 21+ 30:1 500:1 Visit Site
6.67 ASIC, FCA, BaFin
FINMA, NFA/CFTC, MAS
CySEC, DFSA, FMA
JFSA, BMA, FSCA
1.13 1.66 1.01 0.16 0.59 0.29 $6.00 174ms $450 100+ 12+ 30:1 200:1 Visit Site
8.33 ASIC, FSCA
CBI, KNF, CIRO
ADGM, FSC-BVI
- - - - - - - 160ms $100 55+ 15+ 30:1 400:1 Visit Site
7.17 ASIC, CySEC, MFSA
FCA, FSA, FINRA
GFSC
1.0 2.0 1.0 - - - - 130ms $200 (Australia), $50-$100 (EU) 49+ 46+ 30:1 400:1 Visit Site
 

Who Are The Lowest Spread Forex Brokers?

We combined all the published spreads of the ASIC regulated forex brokers in Australia and then did our own testing using EAs to determine which trading accounts have the lowest spreads. This was done for both standard accounts and RAW accounts with recommendations done for each account class.