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THE BEST FOREX BROKERS FOR AUSTRALIAN TRADERS

A List of the Top Australian Forex Brokers

Top Forex Brokers for Australian Residents

"Traders in Australia have numerous available brokers, including many not reputable and scam brokers.

My recommended brokers are the best in the industry. I personally trade with many of them"

My recommended Forex brokers are ranked by...

- Reliability

Regulation
- Spread tightness

- Trading Platforms

- The range of markets offered

- My personal trading experience with them

Australian traders can open accounts with nearly all brokers, like UK and European traders. Because of this, it is vital to open an account with a genuine Forex broker that is well-regulated. The best financial regulators are:

The FCA - UK Regulator

The ASIC - Australia Regulator

The CFTC & NFA - US Regulators

High regulation does often mean low leverage, however. So, if having a highly leveraged account is essential, you may need to sacrifice some regulation for higher leverage. My list of recommended brokers also includes Forex brokers that offer high leverage.

As a retail trader in Australia, your only option to trade Forex is through CFDs. There is nothing wrong with this. I trade CFDs daily. The brokers below are the best Forex brokers and the best Forex CFD brokers. Many CFD brokers offer indices, metals, commodities, and stocks, as well as Forex.

THE LEADING BROKERS FOR RESIDENTS IN AUSTRALIA

FCA Regulated Brokers

#1 Darwinex

Darwinex Forex Broker

Office Headquarters

London, UK

Leverage

1:30 (FCA standard)

Trading Platforms

MetaTrader 4, MetaTrader 5 

Platform Reliability

9/10

Markets

41 Forex Pairs

Indices, stocks, commodities, metals

Minimum Deposit

500


Payment Methods

Bank transfer, debit card, credit card, Skrill, UnionPay

Account Currencies

EUR, GBP, USD

Social Trading

No

Copy Trading

Yes (Darwins)

Trading Signals

No

Customer Service

9/10

Average Spreads

AUDUSD 0.6 pips

EURGBP 0.8 pips
EURUSD 0.4 pips

GBPUSD 0.8 pips
USDCAD 0.8 pips

USDCHF 0.9 pips

USDJPY 0.5 pips

AUS200 0.8 pips

SP500 0.5 pips

GOLD 0.18 pips

OPEN AN ACCOUNT

#2 IG Markets

IG Forex Broker

Office Headquarters

London, UK

Leverage

1:30 (FCA standard)

Trading Platforms

MetaTrader 4, WebTrader, MobileTrader, ProRealTime 

Platform Reliability

9/10

Markets

91 Forex Pairs

Indices, stocks, commodities, metals, options, ETFs

Minimum Deposit

250


Payment Methods

Bank transfer, debit card, credit card, PayPal

Account Currencies

AUD, EUR, GBP, USD

Social Trading

No

Copy Trading

No

Trading Signals

Yes

Customer Service

2/10

Average Spreads

AUDUSD 0.9 pips

EURGBP 1.5 pips 
EURUSD 0.6 pips

GBPUSD 0.9 pips
USDCAD 2.1 pips

USDCHF 1.5 pips

USDJPY 0.7 pips

AUS200 3.0 pips

SP500 0.6 pips

GOLD 0.40 pips

OPEN AN ACCOUNT

#3 CMC Markets

FX Broker FCA

Office Headquarters

London, UK

Leverage

1:30 (FCA standard)

Trading Platforms

MetaTrader 4, WebTrader, MobileTrader

Platform Reliability

8/10

Markets

330 Forex Pairs

Indices, stocks, commodities, metals, options, ETFs

Minimum Deposit

n/a


Payment Methods

Bank transfer, debit card, credit card, PayPal

Account Currencies

AUD, CAD, EUR, GBP, NZD, USD

Social Trading

Yes

Copy Trading

No

Trading Signals

Yes

Customer Service

6/10

Average Spreads

AUDUSD 0.7 pips

EURGBP 1.0 pip 
EURUSD 0.6 pips

GBPUSD 1.0 pip
USDCAD 1.3 pips

USDCHF 1.2 pips

USDJPY 0.8 pips

AUS200 2.0 pips

SP500 0.6 pips

GOLD 0.25 pips

OPEN AN ACCOUNT

#4 eToro

etoro broker

Office Headquarters

Tel Aviv, Israel

Leverage

1:30 (FCA standard)

Trading Platforms

WebTrader, MobileTrader

Platform Reliability

9/10

Markets

52 Forex Pairs

Indices, stocks, commodities, metals, ETFs, Crypto

Minimum Deposit

10


Payment Methods

Bank transfer, debit card, credit card, PayPal, Neteller, Skrill, Rapid Transfer, Klarna, iDeal

Account Currencies

USD

Social Trading

Yes

Copy Trading

Yes

Trading Signals

No

Customer Service

2/10

Average Spreads

AUDUSD 0.9 pips

EURGBP 1.3 pips 
EURUSD 1.0 pip

GBPUSD 1.9 pips
USDCAD 1.5 pips

USDCHF 1.6 pips

USDJPY 1.1 pips

AUS200 2.0 pips

SP500 0.7 pips

GOLD 0.45 pips

OPEN AN ACCOUNT

ASIC Regulated Brokers

#1 IC Markets

IC Markets Best Broker

#2 Pepperstone

Australian Broker

#3 IG Markets

ASIC Broker

#4 FP Markets

Forex Broker Logo

Office Headquarters

Sydney, Australia

Leverage

1:1 - 1:500

Trading Platforms

MetaTrader 4, cTrader 

Platform Reliability

8/10

Markets

61 Forex Pairs

Indices, stocks, commodities, metals, Futures, ETFs, Bonds

Minimum Deposit

200


Payment Methods

Bank transfer, debit card, credit card, Skrill, UnionPay, Neteller, PayPal, FasaPay, Wire transfer

Account Currencies

AUD, CAD, EUR, GBP, NZD, USD

Social Trading

No

Copy Trading

No

Trading Signals

No

Customer Service

9/10

Average Spreads

AUDUSD 0.2 pips

EURGBP 0.3 pips
EURUSD 0.2 pips

GBPUSD 0.2 pips
USDCAD 0.3 pips

USDCHF 0.2 pips

USDJPY 0.1 pips

AUS200 1.2 pips

SP500 0.5 pips

GOLD 0.11 pips

OPEN AN ACCOUNT

Office Headquarters

Melbourne, Australia

Leverage

1:30 - 1:500

Trading Platforms

TradingView, MetaTrader 4, cTrader

Platform Reliability

9/10

Markets

60 Forex Pairs

Indices, stocks, commodities, metals, ETFs, Crypto

Minimum Deposit

n/a

Payment Methods

Bank transfer, debit card, credit card, PayPal

Account Currencies

AUD, CHF, EUR, GBP, USD

Social Trading

Yes

Copy Trading

No

Trading Signals

Yes

Customer Service

7/10

Average Spreads

AUDUSD 0.3 pips

EURGBP 0.4 pips 
EURUSD 0.1 pips

GBPUSD 0.6 pips
USDCAD 0.6 pips

USDCHF 0.5 pips

USDJPY 0.6 pips

AUS200 1.0 pips

SP500 0.5 pips

GOLD 0.20 pips

OPEN AN ACCOUNT

Office Headquarters

London, UK

Leverage

1:30

Trading Platforms

MetaTrader 4, WebTrader, MobileTrader, ProRealTime 

Platform Reliability

9/10

Markets

91 Forex Pairs

Indices, stocks, commodities, metals, options, ETFs

Minimum Deposit

250


Payment Methods

Bank transfer, debit card, credit card, PayPal

Account Currencies

AUD, EUR, GBP, USD

Social Trading

No

Copy Trading

No

Trading Signals

Yes

Customer Service

2/10

Average Spreads

AUDUSD 0.9 pips

EURGBP 1.5 pips 
EURUSD 0.6 pips

GBPUSD 0.9 pips
USDCAD 2.1 pips

USDCHF 1.5 pips

USDJPY 0.7 pips

AUS200 3.0 pips

SP500 0.6 pips

GOLD 0.40 pips

OPEN AN ACCOUNT

Office Headquarters

St Vincent and Grenadines

Leverage

1:30 - 1:500

Trading Platforms

MetaTrader 4, MetaTrader 5, cTrader

Platform Reliability

7/10

Markets

70 Forex Pairs

Indices, stocks, commodities, metals, ETFs, Crypto, Bonds

Minimum Deposit

100


Payment Methods

Bank transfer, debit card, credit card, PayPal, Neteller, Skrill, BPay, Poli Pay

Account Currencies

AUD, CAD, CHF, EUR, GBP, USD

Social Trading

Yes

Copy Trading

Yes

Trading Signals

Yes

Customer Service

4/10

Average Spreads

AUDUSD 0.2 pips

EURGBP 0.2 pips 
EURUSD 0.1 pip

GBPUSD 0.3 pips
USDCAD 0.3 pips

USDCHF 0.5 pips

USDJPY 0.2 pips

AUS200 1.7 pips

SP500 0.5 pips

GOLD 0.08 pips

OPEN AN ACCOUNT

High Leverage Broker

Opening a 1:500 high-leverage account with IC Markets is possible for traders in Australia. You must opt for FSA (Seychelles) regulation rather than ASIC. I have had a highly leveraged IC Markets account for years and never had any issues. 

You can open a high-leveraged trading account here.

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