The Best Forex Brokers in Australia

Justin Freeman

Best Forex Brokers in Australia

Introduction

Forex trading is common in Australia, and there are plenty of brokers to choose from. In Australia forex brokers are generally licenced and regulated by the Australian Securities & Investment Commission (ASIC), which is the main regulator of all financial markets in the country.

CFD trading is also legal in Australia, so you can trade in forex via CFDs with the brokers who offer that facility, often with leverage of up to 30x, which is the maximum allowed by ASIC. ASIC also requires forex brokers to offer negative balance protection for retail CFD traders which means you can never lose more money than you deposited with your broker. Here is our list of some of the best forex brokers Australia has to offer.

Best Forex Brokers in Australia:

Broker Features Min Deposit EURUSD Spread  
Number One Broker vantageYour capital is at risk US Clients: No Regulated : Yes

– ASIC Regulated
– Well Established
– No Fees
– 24 hour support

$200From 0.1 pips
AvaTrade LogoYour capital is at risk US Clients: No Regulated : Yes

40% New Member Bonus
– MIFID, ASIC, FSA & FSCA regulated
– Free Online Trading Coach

 

$100Fixed
Sign Up Europe* CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Forex Broker Pepperstone LogoBetween 74-89 % of retail investor accounts lose money when trading CFDs US Clients: No Regulated : Yes

– FCA & ASIC Authorized and Regulated
– 24 Hour Support
– Negative Balance Protection

$1000.1 pips
Sign Up Between 74-89 % of retail investor accounts lose money when trading CFDs
Forex Broker eToro Logo67% of CFD traders lose US Clients: Yes Regulated : Yes

– Social Trading Platform
– FCA & CySEC Regulated
– Minimum Deposit $200
– Demo Account
– Copy Trading
– 2000+ Instruments

$103 pips
Sign Up 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
VT markets logoYour capital is at risk US Clients: No Regulated : Yes
  • Access the market depth window to view the top bids and offers.
  • Place trading alerts.
  • Execute trades with the assistance of robots (Expert Advisors).
No minimum deposit From 0.0 pips

    These are just a few of the excellent forex brokers Australia has to offer. If you are an Australian forex trader you have a great range of brokers to choose from. Always check that your broker is regulated by ASIC.