Australian Forex Brokers

Though ASIC regulates dozens of Forex brokers in Australia, traders in the southern hemisphere needn’t look only within their borders for the best brokerage. Nevertheless, the benefits of choosing an Australian Forex broker shouldn’t be overlooked. Specifically, regional Forex brokers may provide market updates during the Asian trading session, stronger customer support availability during local trading hours and a connection with local banks. We’ve tested the top Australia Forex brokers and compiled our findings for your convenience.
Broker's Name Minimum Deposit Deposit Bonus Type of Platform Maximum Leverage Regulation Rating More Info
1 Markets $100 $2000
A minimum trade volume is required to receive the bonus.
MetaTrader 4, Sirix, Proprietary platform 1:200 CySEC, MiFID

9.6/10
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2 FXCM $50
Standard: $2000, Mini: $50
None MetaTrader 4, Proprietary platform 1:200 FCA, NFA, ASIC, SFC, ACP Accepts US clients
Accepts US clients

9.6/10
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3 AvaTrade $100 Up to $5000 MetaTrader 4, Proprietary platform, Web-based 1:400 MiFID, Central Bank of Ireland, ASIC, FSC, BVIFSC Accepts US clients
Accepts US clients

9.4/10
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4 FOREX $250 None MetaTrader 4, Proprietary platform 1:50 FCA, NFA Accepts US clients
Accepts US clients

9.3/10
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5 FxPro $500 None MetaTrader 4, MetaTrader 5, cTrader, Web-based 1:500 CySEC, MiFID, FCA

8.9/10
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6 Plus500 €100 $100 Proprietary platform 1:200 CySEC, Financial Conduct Authority (FCA), ASIC

8.9/10
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7 eToro $50 $100
Bonus is available for those who refer a friend to eToro's service.
Proprietary platform 1:400 CySEC, BaFin, NFA, FSA Accepts US clients
Accepts US clients

8.7/10
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8 ForexCT 500 None MetaTrader 4, Other 1:400 ASIC

8.5/10
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Australian Forex Brokers

Markets
Markets Website

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Markets.com, domiciled in Limassol, Cyprus, was originally founded in 2006 as Arbat Capital Limited. In 2009, Arbat Capital Limited was renamed SafeCap Investments Limited, which now owns and operates Markets.com, a Cyprus Investment Firm (CIF) which is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC). Markets.com allows trading in over 200 indices, gold, oil, stocks, commodities, and currencies.

Markets Review

FXCM
FXCM Website

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FXCM Holdings, LLC has been listed as one of the fastest growing companies by Inc. 500 List of America’s Fastest Growing Companies three years in a row (2004-2006). FXCM Holdings, LLC is headquartered in New York, with offices around the world including U.K., Japan, Hong Kong, France, Italy, and Australia, and is regulated and licensed in each of them. FXCM has over 165,000 tradable accounts on its platforms and a monthly average of over $250 billion in trade volume. See review of FXCM at DailyForex.com.

FXCM Review

AvaTrade
AvaTrade Website

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AvaTrade, established in 2006, is among the top Forex brokers in the world with offices in New York, Dublin, Sydney, Milan, Tokyo and other locations. AvaTrade is regulated by the Central Bank of Ireland and licensed by MiFID in the European Union. It is also regulated by ASIC in Australia, the Financial Services Commission (FSC) in Japan, as well as by the B.V.I Financial Services Commission in the British Virgin Islands.

AvaTrade Review

FOREX
FOREX Website

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FOREX.com, based in New Jersey, is operated by Gain Capital Holdings, Inc., a financial services company that’s been in business since 1999. GAIN Capital is listed on The New York Stock Exchange(NYSE: GCAP).

FOREX Review

FxPro
FxPro Website

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FxPro, domiciled in Cyprus, is a Forex broker that caters to both experienced and beginner traders. Founded in 2007, FxPro has established itself as one of the leading Forex brokers in the industry. It offers a wide range of options and features and their landing page is chock full of useful information. Navigation throughout the site moves along at a rapid clip and opening either a real or demo account is quick and easy.

FxPro Review

Plus500
Plus500 Website

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Plus500 Ltd is located in London, UK. It operates its CFD business through its subsidiaries: Plus500UK Ltd, which is authorized and regulated by the Financial Conduct Authority (FCA); Plus500AU Pty Ltd which is regulated by the Australian Securities and Investments Commission (ASIC) and Plus500CY Ltd which is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) as well as by the Financial Conduct Authority (FCA). Plus500 is also listed on the London Stock Exchange.
* Your capital may be at risk

Plus500 Review

eToro
eToro Website

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Many traders think of Forex trading an ‘independent sport’, but eToro is a Forex broker that negates this stereotype. In addition to offering a user-friendly traditional trading experience, eToro has pioneered the ‘social’ trading arena. The company’s OpenBook platform allows users to follow the trades of other users and to share their trading experiences, a give-and-take process that can revolutionize your personal trading strategy and the way the private trading arena functions.

eToro Review

ForexCT
ForexCT Website

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ForexCT was founded in 2006 and is a leader in Forex and CFDs with clients from all over the world. Located in Melbourne, Australia, ForexCT is fully compliant and regulated by ASIC. It prides itself in being committed to leading the industry in transparency, accountability, and business ethics.

ForexCT Review