Best Forex Trading App Australia

See the best trading platforms available as an app

  • eightcap logo new Eightcap - Best Forex Broker App Overall
  • Pepperstone Pepperstone - Great Range of Platforms (incl. MT4)
  • eToro Logo eToro - Top Social Trading Forex Broker
  • saxo markets 75x75 Saxo Bank - Good Platform Performance
  • OANDA logo Oanda - Top Charting With FxTrade And Tradingview
  • avatrade logo new Avatrade - Great Fixed Spreads Forex Broker
  • cmc markets logo CMC Markets - Good Forex Broker For Beginners
  • ig logo new IG Markets - Best Range Of Markets

Eightcap
Pepperstone
eToro
Oanda
IG
Our Rating
8.50
9.33
7.17
7.33
6.67
Eightcap don't provide % of clients who lose money
74.7% of retail investor accounts lose money when trading spread bets and CFDs with this provider
68% of retail investor accounts lose money when trading CFDs with this provider.
76.6% of retail investor accounts lose money when trading CFDs
71% of retail investor accounts lose money when
trading spread bets and CFDs with this provider

Regulations and Licenses

Feature
Eightcap
Pepperstone
eToro
Oanda
IG
ASIC (Australia)

Brokerage

Feature
Eightcap
Pepperstone
eToro
Oanda
IG
EUR/USD Avg. Raw Spread
0.06
0.17
-
-
0.17
GBP/USD Avg. Raw Spread
0.73
0.59
-
-
0.59
AUD/USD Avg. Raw Spread
0.27
0.24
-
-
0.3
EUR/USD Standard Spread
1.06
0.75
3.00
1.1
0.86
EUR/USD Fixed Spreads
-
-
-
Commissions (USD Base)
$3.50
$3.50
-
$3.50
-
Minimum Deposit
$250 (Raw)
$500 (Standard)
$0
$200
$0
$450
Swap Free Account
No Inactivity Fees
Funding Methods
8+
16+
11+
6+
4+
No Funding Fees

Markets and Instruments

Feature
Eightcap
Pepperstone
eToro
Oanda
IG
Currency Pairs
40+
62+
49+
70+
100+
Cryptocurrency CFDs*
250+
12+
46+
4+
12+
Index CFDs
10+
14+
13+
16+
34+
Share CFDs
400+
300+
2000+
-
12000+
Commodities CFD
4+
9+
33+
34+
35+
Stockbroking
-
2000+
-
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
400:1
100:1
Pro 1: 100:1
Pro 2: 250:1

*Cryptocurrency CFDs are not available to retail traders in the UK due to FCA regulations

Trading Platforms + Tools

Feature
Eightcap
Pepperstone
eToro
Oanda
IG
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
TradingView
Proprietary Platform
Automated Trading
Social + Copy Trading
Standard Stop Loss
Guaranteed Stop Loss
Demo Account
Unique Feature
Low ECN Spreads
Smart Trader Tools
CopyTrader functionality
for automated trading
Fast Execution
Guaranteed stop loss orders

Overall