Looking for broker based in Australia? Not sure if it is truly regulated in Australia by ASIC? Or need to select Australia Broker suitable for your trading needs?
We provide answers to all the above questions and more in this article. We research and compare over 50 Australian Brokers and verify its regulation status and licenses, trading costs like spread, funding conditions, trading platforms etc.
Australian ASIC Regulated Forex Brokers
Australian Forex Brokers must obtain and be licensed by the local authority ASIC Australian Securities and Investments Commission (ASIC), before it accept Australian clients and operate.
ASIC is a top-tier authority and regulatory body, with strict regulations and compliance to procedures also heavily audit regulated brokers. Besides, ASIC is among most friendly consumer authority with large online resources and materials provided for consumers. Read more about ASIC on Wikipedia.
Best Forex brokers in Australia
To select the best Forex Broker we research and compare Forex Brokers Australia with ASIC regulation and license, made a detailed review of spread and commission, trading platform, deposits and withdrawals conditions, education and customer service. Here is our List of Top Forex Brokers Review and Best Forex Brokers in the category:
- OANDA – Best Broker for Beginners in Australia
- GO Markets – Best MT4 Broker Australia
- FP Markets – Best Customer Service Broker Australia
- Admiral Markets – Best Spread in Australia
- Pepperstone – Best cTrader Forex Broker in Australia
What makes a good forex broker in Australia?
4 crucial points make a good Australia Forex Broker – license and good reputation, trading conditions, education and research tools, and customer service.
- Must be licensed by Australian regulatory authority ASIC
- Has good trading conditions with low spread, numerous trading instruments and platforms
- Provide quality education with Webinars, trading videos and research tools
- Responsive and easy to reach Customer Support
Top Australian Forex Brokers List & Review
Here we tight the list of over 50 Australian Brokers to the Best Picks and compare Forex brokers according to selected criteria. If you don’t know from where to start see this list of Best Regulated Online Forex Trading Brokers in Australia:
|Forex Broker||ASIC Regulated||Why they are our top picks||Our Review|
|OANDA||Yes||OANDA might be the best for beginners, it has a great desktop trading platform, wide range of instruments and professional comprehensive education materials and research tools.||Visit OANDA site|
|Admiral Markets||Yes||Admiral Markets might be the best fit if you look for a low spread broker. Admiral Markets EUR/USD spread averages at 0.6 which is much lower than average 1.1 of brokers||Visit Admiral Markets site|
Admiral eMarkets review
|FP Markets||Yes||Looking for good research and tools, check FP Markets. They offer various platforms MetaTrader and IRESS with great range of tools, algorithmic rules, indicators, Autochartists, etc. Plus customer service is excellent.||Visit FP markets site|
FP Markets Review
|Pepperstone||Yes||Pepperstone might be the best fit for trading on MT4 or MT5 platforms. Pepperstone offers both and has great range of tools like Smart Trader, AutoChartist and VPS.||Visit Pepperstone site|
|Plus500||Yes||Plus500 offers great CFDs trading environment, if you wish to trade various assets and instruments on CFDs basis also with easy to use app Plus500 might be your choice.||Visit Plus500 site|
|GO Markets||Yes||If you wish to use popular MetaTarder4 GO Markets might be your choice. MT4 is already powerful yet GO Markets enhance it with tools like MT4 Genesis, a-Quant strategies, etc.||Visit GO Markets site|
GO Markets Review
|AvaTrade||Yes||If looking for Islamic Account and good trading conditions AvaTrade can be the best for instrument selection, platforms and provided services.||Visit AvaTrade site|
|Tickmill||Yes||Tickmill might be good for Pro traders, PRO account has low fees 0.2 for EUR USD plus 2$ per side, great execution and trading tools.||Visit Tickmill site|
More on Australia Brokers
To get started with Australia brokers it is better to narrow your selection with categories and compare Forex Brokers via the Broker Reviews.
Fixed Spread 1 pip Forex Brokers in Australia
Fixed Spread is good for some strategies and beginning trader, the spread is fixed for any market conditions to 1 pip or other number since depending on the instrument you trade. easyMarkets offering Fixed Spread account.
Australia High Leverage Forex Brokers
Australia was known for its high leverage offering while most major world authorities restricted leverage levels to much lower numbers. However, since January 2021 ASIC and Australia regulations impose restriction to leverage too from 1:400 on major currency pairs to now allowed up to 1:30. For high leverage check BlackBull Markets broker.
Australia Best Forex Brokers for Beginners
Beginners should select broker with quality education, enlarged research and good support service to start from the best step. We recommend to check OANDA.
Australia MetaTrader MT4 Forex Brokers
MetaTrader4 and its newer version MT5 is a popular platform and still among most used software worldwide for trading. Many brokers offering MT4 in Asutralia, including FP Markets or IC Markets.
ECN Forex Brokers Australia
ECN Forex Brokers offering ECN trading environment and ECN account based on interbank spread and commission basis. True ECN environment providing Pepperstone.
Cent Account Forex Brokers in Australia
Cent Account are counting your initial balance in Cents instead of dollars, allowing to trade much smaller size by counting in Cents. Check GO Markets offering for Cent accounts.
Author of this review
By Jimmy O'Brien
Author of this review
I am a well-rounded financial services professional experienced in fundamental and technical analysis, global macroeconomic research, foreign exchange and commodity markets.
I am passionate about observing foreign exchange movements, sharing educational insights into the financial markets, and adding value wherever I can.