ASIC Regulated Forex Brokers 2022

FP Markets Has The Best for CFDs Range

FP Markets is one of the most reputable CFD brokers under ASIC regulation with 15 years of business history. With over 10,000 tradable instruments, FP Markets claims the spot as one of the biggest Australian Forex brokers.

FP Markets is an Australian-based CFD and FX broker authorised and regulated by the local regulatory agency ASIC and other financial institutions:

• Australian Securities and Investments Commission (ASIC) AFSL No. 286354
• Cyprus Securities and Exchange Commission (CySEC) License number 371/18
• Vincent and the Grenadines, Limited Liability Number 126 LLC 2019

FP Markets offer access to CFDs across Forex, Indices, Commodities, Stocks & Cryptocurrencies on consistently tighter spreads in unparalleled trading conditions.

FP Markets Biggest ASIC Regulated Brokers

FP Markets offers over 10,000 CFDs, the richest selection among ASIC regulated brokers. With FP Markets clients are able to trade CFDs across six asset classes:

• Foreign Exchange – over 60 major, minor and exotic currency pairs traded with a maximum leverage of 1:30, no dealing desk execution, no requotes and 24/5 award-winning multilingual customer support. Thanks to a vast pool of liquidity providers, spreads on majors such as AUD/USD, EUR/USD or GBP/USD start from 0.0 pips on the broker’s Raw ECN Account, while the average spread on EUR/USD is 0.09 pips (one of the lowest worldwide). FP Markets’ Equinix servers ensure low latency and trade order execution speeds of less than 40 ms. The minimum deposit for the two Forex account types is AUD 100 or equivalent, while the min deposit for the Standard Iress account is AUD 1,000
• CFDs on Cryptocurrencies – 5 contracts with spreads starting from 2.02 points on Bitcoin, 3.3 points on Litecoin, 4.61 points on Ethereum, 0.0005 on Ripple and 5.0 on Bitcoin Cash. The maximum leverage allowed for Cryptocurrencies is 1:2
• Spot Metals – 4 pairs traded with a maximum leverage of 1:30 and spreads of as low as 0.0 points on Gold vs US Dollar (XAU/USD) and 0.01 points on Silver vs US Dollar (XAG/USD) on the broker’s Raw ECN Account. The other two pairs include Gold vs Australian Dollar (XAU/AUD) and Silver vs Australian Dollar (XAG/AUD)
• Commodity CFDs – 3 contracts traded with a maximum leverage of 1:30 and min spreads of 0.02 points on West Texas Intermediate Crude Oil and 0.05 points on Brent Crude Oil
• Stock Index CFDs – 12 contracts traded with a maximum leverage of 1:30 and spreads starting from 0.20 points on the S&P 500 Index and 0.28 points on Australia’s S&P/ASX 200 Index
• Shares CFDs – clients can enjoy direct market access pricing for over 10,000 Shares traded on the Australian Stock Exchange and elsewhere via the broker’s IRESS platform, or trade 64 Shares CFDs on its MetaTrader 4 and MetaTrader 5 trading platforms with a maximum leverage of 1:20

Risk Warning: Similar to other regulated CFD brokers, FP Markets warn that CFD trading through retail investor accounts is associated with a high risk of losing capital rapidly, as leverage is used.

CFD Trading Advantages

On the other hand, if clients have a robust trading system, constantly improve their knowledge of the market and work with some of the best ASIC regulated CFD brokers such as FP Markets, CFD trading could actually generate plenty of opportunities for long-term success. Let us consider some of its advantages:

• Access to a wide range of financial markets
• Mirror trading the underlying market
• Opportunity to trade when prices are in a downtrend
• No stamp duty and no borrowing costs
• Opportunity to hedge risk against short-term price declines
• No limit to price difference and no fixed expiry days

The broker assures client funds are kept in segregated accounts at top-tier financial institutions.

Final Words – Best ASIC Regulated CFD Brokers

Overall, FP Markets combines the DMA pricing model and the ECN pricing model to offer transparent pricing and promote fair trading across +10,000 CFD instruments. FP Markets has the highest Trustpilot Customer Satisfaction Score of 4.9 stars out of 1,180 reviews. Our forex broker Australia comparison found they had the fastest execution speeds ideal for intermedia to expert Australian forex traders.

AvaTrade Is The Best Broker For Beginners

Compare Forex Brokers’ top pick for the best ASIC regulated broker for beginners is AvaTrade. AvaTrade is a leading CFD and Forex broker regulated on five continents and has offices in 9 countries. AvaTrade is authorised and regulated by:

• Australia’s ASIC with AFSL No.406684
• The Central Bank of Ireland
• British Virgin Islands Financial Services Commission (FSC)
• Investment Industry Regulatory Organization of Canada (IIROC)
• South Africa’s Financial Sector Conduct Authority (FSCA)
• Japan’s Financial Services Agency (FSA) and Financial Futures Association (FFAJ)
• The Abu Dhabi Global Markets (ADGM) Financial Regulatory Services Authority (FRSA)

Trade with confidence and benefit from regulation across 6 jurisdictions regulation across 6 jurisdictions

AvaTrade Trading Academy  

First of all, we consider AvaTrade as the most appropriate choice for inexperienced Forex traders due to the comprehensive educational section on its website. The broker offers well-structured trading guides for beginners with all the information they need to start trading Forex and CFDs more confidently.

The guides cover a wide range of topics from basic Forex terms to:

• Fundamental indicators (macroeconomic reports, central bank policy meetings and announcements, etc)
• Basic technical analysis tools
• Money management
• Trading psychology
• Trading styles
• Order types
• Forex correlations
• Trading plan, among others.

AvaTrade also offers a selection of trading videos (tutorials), including content for beginners in particular, as well as content covering trading strategies, trading platforms and more advanced trading tools.

Beginners can also take advantage of other online resources on CFD and Forex trading, such as AvaTrade’s eBook.

Market Research

Last but not least, the broker grants access to its premium educational website with exclusive content for clients, known as Sharp Trader. It features all the necessary information day traders could use, including:

• Daily Technical and Fundamental Analysis provided by the broker’s team of market analysts
• Videos with a focus on a range of topics for all levels of trading knowledge
• Analytical Videos
• Trading Tools such as trading calculators, economic calendar among others

The website also allows clients to review and monitor the progress of their Forex trading training.

Easy-to-Use Trading Platform

Along with good educational materials, beginner traders need a user-friendly and easily customizable trading platform. AvaTrade’s MetaTrader 4 software solution may be just the right choice for Forex traders with little or no experience – a flexible, responsive, easy to navigate, easy to access (from PCs, web browsers and mobile devices) platform that offers a variety of analytic tools, allows for micro lot trading and guarantees full data back-up and security.

Free Demo Account

And not to forget the broker’s free Demo account that comes with $100,000 of virtual funds. It is recommended for beginners to utilize the opportunity to test various trading strategies, get acquainted with the broker’s trading platforms and tools on a Demo that mimics real market conditions before start trading high-risk derivative instruments (CFDs) on a Live account.

Final words – Best Forex Brokers for Beginners

Trading forex in Australia is extremely popular, and AvaTrade is dedicated to meet the demands of novice traders. AvaTrade has a Trustpilot Customer Satisfaction Score of 4.1 stars out of 2,691 reviews. The top-notch educational resources and research section can help Australian residents make more informed trading decisions.

Fusion Markets Has The Lowest Commissions

Aussie traders that are cost-conscious and want low-commission trading can choose Fusion Markets. Their commission charges are USD 2.25 per 100,000 units traded per side. Fusion Markets is a trading name of Gleneagle Asset Management Limited, an entity based in Melbourne and regulated by the Australian Securities and Investments Commission (ASIC) under Australian Financial Services License No. 226199.

You can’t control the markets, but you can control your trading costs.

When it comes to low-cost Forex, Crypto and CFD trading offers by ASIC regulated brokers, Fusion Markets clearly stand out.

Australian Forex Brokers with Low Commission

The company claims to offer the lowest advertised Forex trading commissions among ASIC Forex brokers, with its commission rate being nearly 36% lower compared to that of competitors.

As a true ECN broker, Fusion Markets offers ultra tight spreads, starting from 0.0 pips, and charges a round-turn commission as low as AUD 4.50 per 1 Standard Lot traded on its ZERO Account. Depending on the base account currency chosen, the commissions charged on Fusion Markets’ ZERO Account are as follows:

Because of the nature of ECN technology, Forex spreads remain quite competitive on the broker’s Classic Account as well – as low as 0.8 pips on major currency pairs such as EUR/USD and USD/JPY. In addition, there are no trading commissions associated with this account type.

More Currency Pairs

Fusion Markets also offers a wider range of Forex pairs compared to other ASIC Forex brokers – more than 90 pairs traded with leverage of up to 1:30 and no dealing desk execution.

Deposit and Withdrawal Options

Another key advantage of this Australian broker includes no fees on deposits and withdrawals for all payment options. Clients are able to fund their trading account by using 4 standard methods such as:

• Credit Card or Debit Card by Visa or Mastercard
• Skrill
• Neteller
• Bank wire transfer

Finally, there is no minimum deposit requirement to open a live trading account, while clients’ funds are kept fully segregated.

Final Words – Low Commission Forex Broker

In our ASIC regulated forex broker review, Fusion Markets charges the lowest commissions. Fusion Markets has a Trustpilot Customer Satisfaction Score of 4.8 stars out of 193 reviews. Our recommendation is to use this Australian-based FX broker for accessing ECN/STP trading condition with the lowest charges.

View Fusion Markets Review >>Visit Fusion Markets >>

Go Markets Has A Great MetaTrader 4 Trading Platform

Go Markets was handpicked as the best MetaTrader broker in Australia, offering the full suite of MT4 and MT5 platforms. Founded in 2006 in Australia, GO Markets is an online CFD trading services provider authorised and regulated by the ASIC (AFSL No. 254963).

GO Markets is one of Australia’s original Meta Trader 4 Forex brokers.

Our team of experts recommends this award-winning broker to traders interested in MetaTrader 4 and MetaTrader 5 trading platforms, as GO Markets has ensured:

• Access to over 350 financial instruments (including 200 shares listed on the Australian Stock Exchange ASX)
• Access to real-time pricing, fast order execution and advanced charting options
• Access to over 25 built-in technical indicators
• Full use of expert advisors (EAs)
• Access to the Autochartist chart pattern recognition software for price action alerts, volatility and event impact analysis
• Access to Trading Central – a collection of programs for a 24-hour multi-asset coverage, technical & fundamental analysis and back-tested trading strategies
• Availability for Windows, Mac, iOS and Android

In addition, the broker’s MetaTrader 5 software grants access to free and paid trading signals, VPS, 4 order execution mode, hedging, 80 built-in technical indicators, news reports and full EA functionality.

MT4 and MT5 Genesis

Finally, we should not forget the broker’s MT4 & MT5 Genesis suite, a package of advanced MetaTrader trading tools compatible with Forex, Indices and Commodities. MT4 & 5 Genesis is a suite of expert advisors that can be easily applied to clients’ live accounts.

The key trading tools Australian traders can enjoy it includes:

• Sentiment Indicator – help traders find the open buy and sell positions ratio expressed as a percentage
• Mini Terminal – sophisticated trade management tools
• Correlation Trader – reveals the statistical correlation between multiple currencies across different time frames
• Session Map – shows on the chart the four major FX session (Sydney, Tokyo, London and New York)
• Correlation Matrix – shows the strength of currencies
• Alarm Manager – price notification alerts
• Market Manager – a detached window for trade management

Final Words – Best Australian MetaTrader Brokers

Overall, Go Markets is the best MetaTrader broker that can help Aussie traders get started trading forex. This Australian-based broker has a Trustpilot Customer Satisfaction Score of 4.3 stars out of 27 reviews. Click the button below if you want to trade with the most popular trading platform in the industry.

View Go Markets Review >>Visit GO Markets >>

ThinkMarkets – Broker With Best Mobile Trading Platform

Overall, ThinkMarkets offer the best online trading apps for Aussie forex traders. ThinkTrader is a proprietary mobile platform with, fully functional, easy-to-use interface and it’s safe. Regulated by 2 tier-one financial watchdogs and 1 tier-2 financial agency, ThinkMarkets is the trading name of:

• TF Global Markets (Aust) Limited, an entity regulated by the ASIC with AFSL number 424700
• TF Global Markets (UK) Limited, an entity regulated by the FCA with reference number: 629628
• TF Global Markets (South Africa) Pty Ltd, an entity regulated by the FSCA with FSP 49835

ThinkTrader….. An intelligent platform to power your trading every step of the way

Our team of industry experts highly recommends ThinkMarkets for its mobile trading software solutions.

ThinkTrader Mobile Trading Platform

ThinkTrader Mobile is ThinkMarkets’ innovative proprietary trading platform, which comes with an array of unique features:

• Quad Screen Display – traders can monitor 4 real-time charts at once on any iOS and Android-based device
• Cutting-edge TrendRisk Scanner – an advanced market scanner that automatically looks for a number of financial instruments on several time frames and applies risk management
• Innovative Analysis – a full suite of technical analysis tools, including over 80 indicators, 50 drawing tools and 14 chart types
• Multi Deal Closure – traders can close all active positions in a given instrument instantly and effortlessly
• Multi-touch Functionality – a particular area on the chart can be dragged and highlighted, allowing traders to instantly determine the exact number of pips or points it represents
• Cloud-based Alerts – all the required market information can be obtained when traders need it without being logged in to their trading account
• Real-time news from FX Wire Pro

MT4 and MT5 Mobile Trading Options

Along with ThinkTrader Mobile, clients of ThinkMarkets can enjoy the full MetaTrader 4 experience on the broker’s MT4 mobile apps for iOS and Android. They feature the full functionality of the desktop version of the platform and provide:

• Free access to the AutoChartist tool
• Opportunity to trade Forex with spreads starting from 0.0 pips on the broker’s ThinkZero account
• Lightning-fast trade order execution, since the broker’s trading servers are hosted at the Equinix data centres in London and Hong Kong
• Access to exclusive MT4 Trading Guides
• The opportunity to benefit from the broker’s negative balance protection policy

Additionally, clients are able to harness the power of ThinkMarkets’ MetaTrader 5 platform on any mobile device. It offers 12 additional time frames, 2 additional pending order types, a multi-thread strategy tester, a built-in Economic Calendar, the opportunity for partial order filling and the opportunity for position hedging and netting.

Final Words – Best Mobile Trading Apps

Trading on the go with ThinkMarkets offers one of the best trading experiences. Think Markets have a Trustpilot Customer Satisfaction Score of 3.9 stars out of 56 reviews. Active traders can trade with the peace o mind that their money is protected by the negative balance protection policy.

View ThinkMarkets Review >>Visit ThinkMarkets >>

*Your capital is at risk ‘71.89% of retail CFD accounts lose money’

IC Markets – The Best Broker For Low Spreads

IC Markets is our top pick for low spread forex brokers. This ASIC regulated broker offers zero spread accounts with no requotes, reduced slippage and leverage up to 1:30. Forex trading with IC Markets is considered safe since it’s regulated in two tier-1 jurisdictions and one tier-2 jurisdiction:

• Australian Securities and Investments Commission (ASIC) with AFSL No. 335692
• Cyprus Securities and Exchange Commission (CySEC) with Licence No 362/18
• Financial Services Authority of Seychelles (FSA) with licence number SD018

“Trade with a peace of mind knowing IC Markets is monitored by one of the strictest financial regulatory body in the world.”

IC Markets offer superior spreads due to its diverse network of liquidity providers. During regular trading hours when there is abundant forex market liquidity, forex traders can expect average spreads from:

• 0.2 pips for AUD/USD
• 0.1 pip for EUR/USD
• 0.2 pips for USD/JPY
• 0.4 pips for GBP/USD

Below our team of experts will outline the key trading conditions found in the IC Markets retail investor accounts.

Compare IC Markets Account Features

In this section, we’re going to highlight the difference in trading conditions between IC Markets standard spread account and the raw spread model. At IC Markets, spreads are competitive, but they vary across the 3 different account types offered:

• Raw Spread Account designed for MetaTrader platforms with spreads from 0 pips
• Raw Spread Account designed for cTrader platform with spreads from 0 pips
• Standard Account with FX spreads from 1.0 pips

Additionally, IC Markets offers an Islamic account with no swaps available across all 3 trading accounts. Which account type is the best for Australian forex traders depends on their trading needs and demands.

According to a third-party independent verification process, the average EUR/USD spreads is 0.0 pips 95% of the time. The spread was verified using price data from 01 Nov 2019 to 31 Dec 2019 available through the Raw spread account.

Check the table below to see how much money you can save by using the Raw Spread account compared to the Standard account.

In summary, with the Raw Spread account, Australian residents can save on the spread costs up to USD 10 for each 1 standard lot traded. In other words, IC Markets standard account gives you spreads with a 1 pip markup and no additional commission charged.

IC Markets CFD Spreads

IC Markets keeps its spreads low across all financial markets offered, including CFDs. All financial markets have a bid and ask spread, and so does CFDs. CFD trading with IC Markets involves paying 0.4 points spread on indices and 1.0 points on gold.

For a full CFD spread comparison of all ASIC regulated brokers, please study the table below.

Note* The above CFD spread comparison is based on the Raw ECN accounts.

Final Words – Low Spread Forex Brokers

Compared to other ASIC regulated forex brokers, IC Markets spreads are the most competitive. IC Markets have a Trustpilot Customer Satisfaction Score of 4.5 stars out of 2,959 reviews. You can register with IC Market and enjoy the lowest spreads in the industry by clicking the button below.

eToro – Best Broker With Platform With Social Trading

Among the ASIC forex brokers reviewed, eToro was selected as the best social trading broker. eToro is a globally regulated broker and a leading social trading platform for currencies, stocks, indices, commodities and cryptocurrencies.

Founded in 2007 and headquartered in Limassol, Cyprus, eToro is authorised and licensed by the local regulatory agency ASIC with AFSL licence number 491139. This social trading broker has also a strong global presence being regulated by other tier-one financial watchdogs, including:

• Financial Conduct Authority (FCA) in the UK with licence number 583263
• Cyprus Securities & Exchange Commission (CySEC) with license number 109/10

The strong regulatory supervision strengthens the broker’s trustworthiness. Additionally, the regulatory frameworks ensure your money is protected by “industry-leading security protocols.”

Join millions who’ve already discovered smarter investing by automatically copying the leading traders in our community, or get copied yourself to earn a second income.

Copy Trading Platform

eToro’s award-winning CopyTrader platform can be accessed with a minimum deposit of AUD $200. A few statistics that make eToro copy trading platform stand out among the ASIC forex broker reviewed, include:

• The social community gathers in one place millions of traders from over 140 countries
• +2,000 financial instruments
• High copy trading payout – eToro Popular Investor pays you 2% annual fee of total AUM
• Use the eToro’s copy trading technology for modern financial instruments like cryptocurrencies
• Average 2019 profit of 29.1% based on the top 50 most copied traders on the eToro CopyTrader platform
• Almost 314 millions of trades opened on eToro social platform
• 0% commission stocks trading
• CopyPortfolios (top trader portfolios and market portfolios) for a diversified investment

One of the unique features Australian traders can enjoy is copying trades for over 120 supported cryptocurrencies (Bitcoin, Ethereum, Litecoin, Ripple, etc.). Crypto traders can use the eToro social trading platform to connect with over 10 million traders and copy their trades. Additionally, eToro provides cryptocurrency investors with an all-in-one solution for the blockchain technology, including:

• eToro Wallet to store, receive, and transfer cryptocurrencies
• eToro Wallet private key
• eToroX cryptocurrency exchange where you can buy Bitcoin directly

Final Words – Best ASIC Copy Trading Platform

Overall, eToro is an all-in-one broker that allows copy trading with ease and confidence. On the downside, the trading costs are relatively high compared to other ASIC regulated brokers. eToro has a Trustpilot Customer Satisfaction Score of 2.2 ratings based on 2,193 reviews. Australian residents can test drive eToro CopyTrader platform using USD 100,000 in free virtual funds. Start copy trading by clicking the button below.

*Your capital is at risk ‘68% of retail CFD accounts lose money’