Best Forex Trading Platforms

The top 10 forex brokers in Australia based on forex trading platforms are:

  • Pepperstone Pepperstone - Best MetaTrader 4 forex broker.
  • IC Markets IC Markets - Best MetaTrader 5 CFD broker.
  • eToro eToro - Top social and copy trading platform.
  • Plus500 Plus500 - Great forex platform for beginner traders.
  • CMC Markets CMC Markets - Good share and forex trading platform.
  • FXCM FXCM - Great forex trading app with NinjaTrader.
  • oanda logo OANDA - Top TradeStation software platform.
  • IG IG - Largest forex broker with ProRealTime.
  • fxpro logo FxPro - Best cTrader forex broker for scalping.
  • city index logo City Index - Good eSignal charting software.

Pepperstone
IC Markets
CMC Markets
FXCM
Plus500
Our Rating
9.33
8.50
7.17
7.93
5.83
Fast Execution Speed
No Dealing Desk
Offers both CFD and Stock trading
Large range of trading platforms
Trade cannabis index

Regulations and Licenses

Feature
Pepperstone
IC Markets
CMC Markets
FXCM
Plus500
ASIC (Australia)
FCA (UK)

Brokerage

Feature
Pepperstone
IC Markets
CMC Markets
FXCM
Plus500
GBP/USD Avg. Raw Spread
0.59
0.23
-
0.80
-
AUD/USD Avg. Raw Spread
0.24
0.17
-
0.40
-
EUR/USD Standard Spread
0.75
0.62
0.73
1.3
0.80
EUR/USD Fixed Spreads
-
-
-
Commissions (USD Base)
$3.50
$3.50
-
$3.00
-
Minimum Deposit
$0
$0
$0
$300
$100
Swap Free Account
No Inactivity Fees
Funding Methods
16+
15+
6+
8+
3+
No Funding Fees

Markets and Instruments

Feature
Pepperstone
IC Markets
CMC Markets
FXCM
Plus500
Currency Pairs
62+
61+
338+
42+
71+
Cryptocurrency CFDs*
12+
18+
19+
7+
15+
Index CFDs
14+
16+
46+
13+
67+
Share CFDs
300+
100+
9,000+
15+
1816+
Commodities CFD
9+
26+
124+
12+
22+
Stockbroking
-
9,000+
-
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
500:1
300:1

*Cryptocurrency CFDs are not available to retail traders in the UK due to FCA regulations
*CFD trading is not available in the USA due to NFA and CFTC regulations, American traders spot trade in place of CFDs.

Trading Platforms + Tools

Feature
Pepperstone
IC Markets
CMC Markets
FXCM
Plus500
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
TradingView
Proprietary Platform
Automated Trading
Social + Copy Trading
Standard Stop Loss
Guaranteed Stop Loss
Demo Account

Overall

Pepperstone
IC Markets
CMC Markets
FXCM
Plus500
Broker Official Site Our Rating Regulation EUR/USD Spread GBP/USD Spread AUD/USD Spread MetaTrader 4 MetaTrader 5 cTrader Execution Speed Minimum Deposit Currency Pairs Crypto CFDs Retail Leverage Prof. Leverage
Visit Broker > 9.33 ASIC, FCA
CySEC, DFSA
0.17 0.59 0.24 85ms $0 62+ 12+ 30:1 500:1
Visit Broker > 8.50 ASIC, FSA
CySEC
0.02 0.23 0.17 130ms $0 61+ 18+ 30:1 500:1
Visit Broker > 7.17 ASIC, MAS
FCA, IIROC
- - - 140 $0 338+ 19+ 30:1 500:1
Visit Broker > 7.93 ASIC, FSCA
FCA, IIROC
0.22 0.80 0.40 150ms $300 42+ 7+ 30:1 500:1
Visit Broker > 5.83 ASIC, CySEC
FCA, FMA
- - - 140ms $100 71+ 15+ 30:1 300:1
Visit Broker > 7.17 ASIC, CySEC
FCA, FSA
- - - 130ms $200 49+ 46+ 30:1 400:1
Visit Broker > 6.83 ASIC, MAS - - - 145ms $150 84+ 25+ 30:1 500:1