Top Forex Brokers in Australia

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
FOREX $500 None MetaTrader 4 1:50 NFA Accepts US client
Accepts US client
9.4/10
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AvaTrade $100 $100
A minimum deposit is required to receive this bonus.
MetaTrader 4 1:400 MiFID, Central Bank of Ireland
9.4/10
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FXCM $50
Standard: $2000, Mini: $50
None MetaTrader 4, Proprietary platform 1:200 FCA, NFA, ASIC, SFC, ACP Accepts US client
Accepts US client
9.2/10
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4 PFD NZ $1 None MetaTrader 4 1:500 FMA
8.5/10
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5 FxPro $500 None MetaTrader 4, cTrader, Web-based 1:500 CySEC, MiFID, FSA
8.9/10
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6 Plus 500 €100 $100 Proprietary platform 1:200 FCA
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 BaFin, NFA, FSA Accepts US client
Accepts US client
8/10
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8 Markets $100 $2000
A minimum trade volume is required to receive the bonus.
MetaTrader 4, Proprietary platform 1:200 CySEC, MiFID
9.6/10
Read Review

Australian Forex Brokers

If you’re looking for a reputable Forex broker and the ability to trade over 50 currency pairs, Forex.com may be just the broker you’re looking for. Forex.com is operated by Gain Capital, a financial services company that’s been in business since 1999, and even a cursory look at Forex.com will confirm that this online trading website was developed by industry veterans.
With offices in New York, Dublin, Sydney, Milan and Tokyo (among others), it should come as no surprise that AvaTrade is among the top Forex brokers in the world.  Perhaps more importantly, 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, and has regulation pending in the British Virgin Islands.
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.
Pacific Financial Derivatives (PFD-NZ) is New Zealand based, is authorized by the Financial Markets Authority in New Zealand and is a member of Dubai Gold Commodities Exchange. Traders looking for a platform that varies from the standard MT4 platform will appreciate the Kiwi Trader platform offered by PFD-NZ, which includes advanced charting abilities, customizable sounds, and the integration of critical indicators. The Kiwi Trader platform is available for standard and Kiwi Trader Gold accounts.
FX Pro, 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.
Established over ten years ago, is authorized and regulated by the Financial Conduct Authority (FCA). Plus 500 offers CFD trading only in the following spheres: Forex, commodities, indices, shares and ETFs. An uncluttered design both on the company's website and in their trading platform makes for a pleasant trading experience. With years of experience and confirmed credentials, it’s no surprise that Plus500 is growing rapidly as one of the top CFD services on the market.
* Your capital may be at risk
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.
Among the many Forex reviews we conducted, Markets.com was one of the best. With the choice between MT4 and the company’s own platform, excellent charting tools and competitive trading conditions, Markets.com makes all traders comfortable from the start. The broker also holds multiple licenses and regulations which works well to build trader confidence. We tested the company’s trading platform, customer service and more and recorded our findings in this comprehensive Markets.com review.


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