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.
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.
AxiTrader, an Australian ECN broker, prides it-self on being a leading Australian brokerage firm that offers a wide range of options for all kinds of investors. We’ve completed a thorough AxiTrader review and will provide both the good news and the bad.
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.
Pepper may look innocuous on the outside, but once you bite into it, the flavor is undeniably bold. The same can be said about Pepperstone, a relatively new Australian Forex broker which is run under the auspices of CDM Pacific. With both standard Forex trading and the services of a regulated ECN broker, Pepperstone has a lot to offer – read review to see what we discovered during our comprehensive Pepperstone review.
Risk Disclaimer: DailyForex will not be held liable for any loss or damage resulting from reliance on the information contained within this website including market news, analysis, trading signals and Forex broker reviews. The data contained in this website is not necessarily real-time nor accurate, and analyses are the opinions of the author and do not represent the recommendations of DailyForex or its employees. Currency trading on margin involves high risk, and is not suitable for all investors. As a leveraged product losses are able to exceed initial deposits and capital is at risk. Before deciding to trade Forex or any other financial instrument you should carefully consider your investment objectives, level of experience, and risk appetite.