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AUSTRALIAN FOREX BROKERS

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500:1$200From 0.0 PipsRead the full review
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500:1$0From 0.1 PipsRead the full review
500:1$200From 0.0 PipsRead the full review
400:1$100From 1.8 PipsRead the full review
500:1$200From 0.0 PipsRead the full review
500:1$200From 0.1 PipsRead the full review
500:1$200From 0.0 PipsRead the full review
Forex BrokerMax LeverageMin. DepositSpreadFull ReviewsTrade Now
500:1$200From 0.0 PipsRead the full review
400:1$0From 0.0 PipsRead the full review
500:1$0From 0.1 PipsRead the full review
500:1$200From 0.0 PipsRead the full review
400:1$100From 1.8 PipsRead the full review
500:1$200From 0.0 PipsRead the full review
500:1$200From 0.1 PipsRead the full review
500:1$200From 0.0 PipsRead the full review

Is Australia the land of Forex Brokers?



Traders located in Australia have plenty of choice when it comes to high-quality local Forex brokers. Top Australian Forex brokers are licensed and regulated by the ASIC (Australian Securities and Investments Commission), which is one of the toughest regulators in the financial services industry. They also need to hold an AFSL (Australian Financial Services license).

Australian Forex traders can experience some challenges because of the geographical location and the distance from the financial and data centres of London and New York. The Internet can sometimes be quite slow or even disrupted, which can cause frustration but even worse, unfavourable trading conditions. Most of the best Australian Forex brokers, therefore, use a fibre optic internet connection, which directly connects to the respective data centres in New York or London. In addition, many Forex and CFD brokers offer a VPS service to their clients. These VPS from renowned and industry-leading tech-companies help experienced traders to stay connected at all times and guarantee for even faster trade execution where slippage is reduced to a minimum.

While excellent Forex and CFD brokers can also be found in a number of other locations, it is especially beneficial for local traders to choose a broker based in Australia as Australian Forex brokers can provide market updates during the Asian trading session fastest. These companies also often have better customer support availability during local trading hours, and are directly connected to local banks such as Westpac, ANZ, NAB or the Commonwealth Bank of Australia. Australian Forex brokers are also often at the forefront when it comes to risk management and money protection. Even though Australia based brokers do not need to offer negative balance protection, which is an absolute requirement for EU-operating brokers, they do tend to protect their customers from a negative balance through margin calls. With most Australian brokers, clients' funds are typically held in segregated trust accounts with one of the top-tier banks in Australia and are not used for investment or operational purposes.

To help you find the best broker for your unique needs, our review presents a list of the top Australian Forex brokers based on regulation, security, reliability, professionalism, customer support and, of course, trading conditions.

CFD and Leverage in Australia


A huge advantage of Australian brokers is that they are permitted to offer clients maximum leverage of up to 500:1 for some trading products such as CFDs or Forex trading. Brokers in some other regions must adhere to much stricter leverage limitations. For example, European brokers, often licensed by strong regulators such as the UK’s FCA (Financial Conduct Authority) or the CySEC (Cyprus Securities and Exchange Commission), are limited by the ESMA (European Securities and Markets Authority) to offering maximum leverage of just 30:1!

Of course, traders should always be cautious when opting for higher leverage, but many Australian traders enjoy the flexible and less stringent trading rules imposed by ASIC. Nonetheless, ASIC closely monitors compliance with its market integrity rules and uses suspicious activity reports to conduct targeted surveillance of suspected market misconduct. In addition, brokers regulated by the ASIC are considered to benefit from a culture of strong compliance and full adherence to all applicable regulatory frameworks.

Low Spreads High Leverage and..


When it comes to trading the Australian dollar (AUD), a major currency often traded against the US dollar (USD) in the AUDUSD currency pair or the Japanese yen (JPY) in AUDJPY among others, it makes sense to look for an Australian broker as they often offer the best market spreads for AUD pairs and their execution. Forex traders looking for a great trading experience and brokers that cut out dealing desks with STP or ECN models will find a solid amount of reputable Aussie brokers such as IC Markets, AxiTrader, ThinkMarkets, easyMarkets, VantageFX, goMarkets, and more.

However, it is not only the local currency that can be traded profitably with Australian Forex brokers. Many of the top Aussie brokers offer an overall excellent trading environment, very competitive spreads, fast execution speeds, a great selection of trading products and many other great features, such as the option to engage in copy or social trading.

Most of the best Australian Forex brokers we highlight in this article offer a wide variety of financial instruments for trading. Of course, it is each trader's own choice if they prefer only to trade currency pairs or if they are also looking to invest in other trading products. Many leading Australian brokers additionally offer share trading, CFDs, various commodities and energies. Some even offer a large selection of digital assets (cryptocurrencies), which can be traded against the US dollar. Investors that are looking to engage in social trading need to check if the broker of choice offers such a social trading network or social trading platform. The most common social trading platform currently on the market is myfxbook Autotrade. With this trading platform, traders can connect and see what other traders are currently doing, in which direction they trade and copy-trade if they like what they see.

If you are a veteran trader that follows specific trading styles such as scalping or hedging, you should also keep an eye out if these techniques are allowed. Especially if the broker applies a market maker broker model, you should be careful and double-check their trading terms and conditions. These type of brokers often do not allow scalping or high-frequency trading styles.

One of Australia’s leading Forex brokers is Sydney-based IC Markets. IC Markets is among the world’s very few ‘True ECN’ Forex brokers, providing trading solutions for active day traders, professionals, scalpers, and traders who are new to the Forex market. Their true ECN trading accounts come with low commissions and ultra-low spreads.

5 Stars Customer Service assured


Brokers from down under have secured a number of industry awards affirming their reputation as leaders in their field. In fact, there is almost no top prize that has not been won by an Australian Forex broker, from Pepperstone’s (Melbourne based) receipt of the award for No. 1 in Customer Service and Overall Client Satisfaction, to AxiTrader’s recognition as Strongest Brand Association with Being Trustworthy and the award of Best APAC Region Broker won by easyMarkets. Especially when it comes to customer support and client satisfaction, these brokers have set industry standards and enjoy a great reputation from clients in Australia and around the globe.

Almost all of the best Australian Forex brokers offer the popular MetaTrader4 (MT4) trading platform to their clients, often with many additional special tools and features. MetaTrader 5 (MT5) and cTrader are often available to all clients at no extra cost, and even unique proprietary platforms are sometimes on offer.

We believe that demo accounts are an essential part of a Forex broker's offer. Especially if you are new to the Forex industry or if you want to test the trading environment of a broker, you need to be able to do so without real cash. Typically, these demo accounts are offered for free to give you the opportunity and practice on the broker's trading platform. Only a few Australian brokers ask for a deposit to open a practise/demo account. Minimum deposits requirements typically range between AUD 0 and AUD 200 but can also be higher. The minimum investment amount is often tied to the relevant account option. Most of the top Australian Forex brokers give their clients a choice of several account types. A Standard Account is often an account that runs commission-free. The broker makes money by applying spread mark-ups, which are the costs you pay. A second account option is often called ECN or Pro Account. With these type of accounts, traders pay a commission fee, but spreads are usually much tighter than with a Standard Account. At least these two types of account option can be found with almost all of Australia's best CFD brokers. Additionally, an Islamic account variant (that does not incur swap fees and is Shariah-compliant) can often be selected as well. Lastly, Professional or VIP Accounts may be available for institutional and those professional clients that are trading high volumes.

Find The Best Australian Forex Brokers for your needs


To help you find the Forex broker that is best suited to your needs, take a look at our comparison table and ranking of Australia’s top Forex brokers above. If you require more in-depth information or are looking for more brokers to choose from, check out our detailed individual broker reviews and additional comparison tables.