Top 8 Australian Forex Trading Platforms

The best forex trading platforms for Australian traders based on critical categories are:


We based this list above on the global best forex trading software comparison, which found MetaTrader 4 to be the best overall forex platform.

 

Pepperstone
IC Markets
CMC Markets
EasyMarkets
IG
Our Rating
9.17
8.83
7.17
7.33
6.67
Most Awarded Broker
Lowest Spreads
Offers CFDs + Stockbroking
Ideal For Beginner Traders
Risk management features

Regulations and Licenses

Feature
Pepperstone
IC Markets
CMC Markets
EasyMarkets
IG
ASIC (Australia)

Brokerage

Feature
Pepperstone
IC Markets
CMC Markets
EasyMarkets
IG
EUR/USD Avg. Raw Spread
0.16
0.10
0.17
GBP/USD Avg. Raw Spread
0.40
0.40
0.6
AUD/USD Avg. Raw Spread
0.27
0.20
0.3
EUR/USD Standard Spread
1.16
1.10
1.2
1.2 Web/App / 0.9 MT4 (VIP)
1.5 Web/App / 1.4 MT4 (Premium)
2 Web/App / 1.9 MT4 (Standard)
0.86
EUR/USD Fixed Spreads
1.2 Web/App / 0.9 MT4 (VIP Account)
1.5 Web/App / 1.4 MT4 (Premium Account)
2 Web/App / 1.9 MT4 (Standard Account)
Commissions (USD Base)
$3.50
$3.50
Commission Rebates
Minimum Deposit
$200
$200
$0
AUD $200 Standard Account
AUD $3000 Premium Account
AUD $10,000 VIP Account
$450
Swap Free Account
No Inactivity Fees
Funding Methods
16
15
4
16
4
No Funding Fees

Markets and Instruments

Feature
Pepperstone
IC Markets
CMC Markets
EasyMarkets
IG
Currency Pairs
66
65
339
70+
90+
Cryptocurrency CFDs
6
10
12
3+
8
Index CFDs
15
16
46
14+
37
Share CFDs
64
100
9,000
26+
8,600+
Commodities CFD
22
19
111
12+
26
Stockbroking
Retail Max. Leverage
500:1
500:1
500:1
400:1
200:1
Professional Leverage
500:1
500:1
500:1
400:1
200:1

Trading Platforms + Tools

Feature
Pepperstone
IC Markets
CMC Markets
EasyMarkets
IG
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
Proprietary Platform
Automated Trading
MetaTrader 4 only
Social + Copy Trading
MetaTrader 4 only
Standard Stop Loss
Guaranteed Stop Loss
Guaranteed Neg Protection
ESMA regulated territories only
Demo Account
Unique Feature 1
Best Customer Service
ECN pricing
Stockbroking Services
Risk management leader
DealCancellation
Freeze Rate
Guaranteed stop loss orders
Unique Feature 2
Fast Execution Speed
Range of fee free funding options
Guaranteed Protections
Guaranteed Negative Balance Protection
Fixed Spreads
Choice of Platforms

Overall