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
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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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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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 Premium Accounts: 10% on $2500+ Proprietary platform, Web-based 1:400 CySEC, MiFID, CFTC, FCA, NFA, ASIC

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

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Markets.com was originally founded in 2006 as Arbat Capital Limited which was renamed SafeCap Investments Ltd. in 2009 and which now owns and operates Markets.com, a Cyprus investment firm that is licensed and regulated by CySEC. Markets.com allows trading in over 200 indices, gold, oil, stocks, commodities, and currencies. Even the bitcoin can be traded which is usually not offered by other brokers. The minimum deposit is only $100, leverage is 1:200 and traders can choose between fixed and variable spreads.

Markets Review
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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
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AvaTrade is among the top Forex brokers in the world with offices in New York, Dublin, Sydney, Milan, Tokyo and other locations. It is regulated by the Central Bank of Ireland and licensed by MiFID in the European Union as well as by several other licensing bodies. AvaTrade’s features include, among other things, a choice of platforms, a demo account, an Ava debit card for all live account holders, access to Trading Central charting tools for depositors of over $1000 and free withdrawals.

AvaTrade Review
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FOREX.com is based in New Jersey and is operated by Gain Capital Holdings, Inc., a financial services company that has been in business since 1999. GAIN Capital is listed on The New York Stock Exchange (NYSE: GCAP). FOREX is a highly regulated Forex broker throughout Europe and Asia and has won rewards for the best research and analysis by FX Street for 2014 and 2015.

FOREX Review
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FxPro is a full-service company 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. Despite its small size, it offers the same features and services as larger trading companies and even more including a wide range of options and a landing page that 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
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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
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eToro is a leading investment network on the global scene. The main focus at eToro is its social trading and the features offered to facilitate this opportunity set eToro above most other Forex and CFD brokers. They list the top traders on the front page of the site and eToro traders can customize their search of traders to copy by entering specific profile information. eToro is regulated by several global regulators and has been the recipient of several international awards.

eToro Review
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ForexCT was founded in 2006 and is a leader in Forex and CFDs with clients from all over the world. It is located in Melbourne, Australia and is ASIC regulated by ASIC as well as several other licensing agencies. ForexCt offers Forex and CFDs in indices, commodities and some metals and prides itself in being committed to leading the Forex industry in transparency, accountability, and business ethics.

ForexCT Review