5 Best Australian Forex Brokers in 2021

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Affiliate Disclosure DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker's track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information.

Australia has become a top destination for international Forex/CFD brokers, and remains popular among domestic Australian Forex traders. See below our most valued Australian brokers:

FP Markets
The ratings shown on DailyForex.com are determined by hours of research from our editorial team into over 10 factors, including account fees, deposit/withdrawal options, regulatory status, tradable assets, and more.
ECN-style trading
Daily market research and Autochartist access
The ratings shown on DailyForex.com are determined by hours of research from our editorial team into over 10 factors, including account fees, deposit/withdrawal options, regulatory status, tradable assets, and more.
15% welcome bonus
MQL5 signals embedded in the platform
Good selection of assets + great loyalty program.
The ratings shown on DailyForex.com are determined by hours of research from our editorial team into over 10 factors, including account fees, deposit/withdrawal options, regulatory status, tradable assets, and more.
Marketsi strategy builder helps traders trade smarter
Competitive trade execution with low slippage
The ratings shown on DailyForex.com are determined by hours of research from our editorial team into over 10 factors, including account fees, deposit/withdrawal options, regulatory status, tradable assets, and more.
High level regulation in multiple jurisdictions
Impressive range of tradeable assets including vanilla options and gold options
BlackBull Markets
The ratings shown on DailyForex.com are determined by hours of research from our editorial team into over 10 factors, including account fees, deposit/withdrawal options, regulatory status, tradable assets, and more.
Solid broker for scalping and hedging
Institutional-style trading opportunities for retail traders

Top Australian Forex Brokers at a Glance

FP Markets ECN trading with leverage up to 1:500.
FXChoice Good selection of assets + great loyalty program.
Markets.com Excellent educational offerings.
AvaTrade Highly regulated, choice of fixed or floating spreads.
BlackBull Markets Competitive ECN trading environment with scalping and hedging available.

FP Markets
5.0/5 in this category
In Summary
ECN trading with leverage up to 1:500

fpmarkets is an Australian brokerage which launched in 2005. Headquartered in Sydney, Australia’s financial capitol, they have carved out a solid niche for themselves as the best Forex / CFD broker enjoying ASIC regulation. Australian regulators are much more relaxed about leverage than their counterparts in the U.S.A., U.K., and the E.U. and so fpmarkets can offer a maximum leverage as high as 500 to 1.

For most traders, the standout unique selling point of this broker lies in the incredibly wide range of tradable assets offered, providing an opportunity to trade over ten thousand individual stocks and shares. These go beyond the typical U.S.A. and U.K. companies and include a good selection of publicly traded shares on the Hong Kong and Sydney exchanges, as you might expect from an Australasian-facing broker like fpmarkets. Also, over 60 Forex pairs and crosses, 11 equity indices, the major commodities, and 5 cryptocurrencies including Bitcoin are also on the menu here.

Unique Features



Minimum Deposit


Type of Platform

MetaTrader 4, MetaTrader 5, Web-based, IRESS

They offer an unusual hybrid ECN/STP execution model which means that their clients can choose between ECN style of execution giving a very high level of speed, and a “straight through processing” execution style which allows for more “natural” spreads.

Traders can scalp and hedge at this broker, whose fast ECN execution speed makes it a natural home for scalpers. Clients may choose between the MetaTrader 4 and MetaTrader 5 platforms, and shares can be traded through the IRESS trading platform which includes access to level 2 exchange data.

FP Markets Pros & Cons


  • Choice of trading platforms and auxiliary trading tools

  • Very competitive cost structure and excellent asset selection

  • Low minimum deposit requirement and leverage of up to 1:500

  • Well-regulated and trustworthy


  • Availability of Iress geographically restricted

FP Markets is an Australian multi-asset broker with more than $1 billion in daily trading volume, serving clients from 80+ countries. Founded in 2005 in Australia, FP Markets grew into a trusted brand over the past 15+ years with more than 100 employees. The upgraded MT4/MT5 trading platforms, via the Trader Tools consisting of twelve plug-ins, present clients with a competitive edge. We have conducted an in-depth review of this CFD broker to provide traders with a complete overview of the trading environment at FP Markets.

5.0/5 in this category
In Summary
Good selection of assets + great loyalty program

FXChoice is a Belize-based Forex broker that has been serving traders since 2010. Traders have access to a no dealing desk (NDD) execution model and maximum leverage of 1:200. FXChoice maintains the out-of-the-box MT4/MT5 trading platforms, from where 106 assets covering five sectors are available. VPS hosting supports automated trading solutions, and Myfxchoice Autotrade caters to social traders. FXChoice won the 2020 LiveHelpNow Challenge for its outstanding customer support. The commission-based cost structure remains high with a minimum mark-up of 1.4 pips or $14.00 per 1.0 standard lots, while the commission-based alternative is equally expensive. A 15% Bitcoin deposit bonus exists.

Unique Features

Minimum Deposit


Type of Platform

MetaTrader 4, MetaTrader 5


Australian Forex traders with a focused trading strategy that does not require broad-based asset selection can benefit from the NDD execution model. FXChoice remains a reliable and trustworthy brokerage with an acceptable minimum deposit of $100. Since most Forex traders in Australia have access to quality research and education, the absence at FXChoice does not result in a distinctly negative impact. FXChoice also supports retail account management via the Multi-Account Management (MAM) account in MT4/MT5. 

FXChoice Pros & Cons 



  • NDD execution model with an acceptable minimum deposit

  • Retail account management via MAM accounts

  • Excellent customer service and winner of the 2020 LiveHelpNow Challenge

  • VPS hosting for automated traders and Myfxchoice Autotrade for social traders


  • Limited asset selection

  • High trading costs in the commission-free and commission-based accounts

5.0/5 in this category
In Summary
Excellent educational offerings

Markets.com, part of UK-publicly listed and FTSE 250 constituent Playtech PLC, offers traders one of the most trusted, secure, and competitive brokers. It operates four subsidiaries regulated in the UK, Cyprus, Australia, and the British Virgin Islands, with the latter two presenting the best trading conditions. Markets.com serves traders via Marketsx and investors through Marketsi. Besides its proprietary trading platform, Markets.com deploys the MT4 and MT5 trading platforms. Traders also have access to fourteen quality trading tools, consisting of sentiment, technical, and fundamental indicators. They provide clients of Markets.com with a notable competitive advantage.

Unique Features



Minimum Deposit


Another benefit at Markets.com remains its asset selection. Forex traders have a choice of 67 currency pairs and 25 cryptocurrency pairs. Equity traders get access to 2,027 equity CFDs, 60 ETFs, and 40 index CFDs. Completing the selection are 28 commodities, 23 in-house created blends (in-house thematic portfolios), and four bonds. Markets.com also provides Forex traders with one of the best commission-free cost structures starting from 0.6 pips on the EUR/USD currency pair. It translates into $6.00 per lot or $12 per round lot. Equity traders pay a fixed commission of $10 or a currency equivalent per side for a total cost of $20 per trade. Other noteworthy advantages include the personalized financial live-stream service XRay, its Investment Strategy Builder, its outstanding order execution statistics, and its transparency.


Markets Pros & Cons


  • Very Competitive Forex Fees

  • Very Wide Choice of Assets

  • Choice of Trading Platforms

  • Excellent Customer Support


  • Commodities and Indices Fees Higher than Forex Fees

4.5/5 in this category
In Summary
Highly regulated, choice of fixed or floating spreads

AvaTrade was founded in 2006 in Dublin, Ireland. They are one of the largest and most famous Forex / CFD brokers in the world and became well-known for offering their clients a choice of fixed or floating spread cost of trading models. They enjoy an extremely high and strong level of regulation, making them a favorite for traders who are extremely nervous about the security of their deposit, which in Ireland can be protected by a strong investor deposit protection provision. AvaTrade is directly regulated in Ireland (and by extension, the European Union), Australia, Japan, South Africa, and the British Virgin Islands. Outside the European Union, Ava’s maximum leverage offered runs as high as 400 to 1.

Unique Features

Minimum Deposit


Type of Platform

MetaTrader 4, MetaTrader 5, Proprietary platform, Web-based

In addition to their longevity and safe reputation, clients know that through AvaTrade they have access to a broad range of asset classes through which diversification can be achieved successfully: AvaTrade offers trading in over 55 different Forex currency pairs, 17 commodities, 20 equity indices, 14 cryptocurrencies, plus 66 individual stocks and shares. Even better, and unusually, 2 bonds and 6 ETFs are also on the menu. The diversity offered here stands out.

Whether you are located within the European Union or not, all branches of AvaTrade will offer you negative balance protection, above and beyond what is mandated by the law. This means that under no circumstances will any client of AvaTrade ever be held liable by the firm for an amount larger than their deposit.


AvaTrade Pros & Cons


  • Well-regulated globally, with the Bank of Ireland, the primary regulator

  • Low minimum deposit and in-depth educational tools

  • Wide asset choice across seven sectors

  • Superior mobile trading platform


  • Low leverage for retail traders

  • High quarterly inactivity fee

  • Unacceptable cost for AvaProtect

BlackBull Markets
4.5/5 in this category
In Summary
Competitive ECN trading environment with scalping and hedging available

BlackBull Markets is a relative newcomer as a Forex broker, being founded in 2014 in New Zealand, which along with Australia, has become something of a haven for exciting Forex brokerages. Like many antipodean brokerage houses, BlackBull Markets is an ECN broker, offering raw spreads and competitive commissions. They are regulated in New Zealand by the Financial Services Providers Register (FSPR) and offer a maximum leverage on some Forex currency pairs as high as 500 to 1.

Unique Features



Minimum Deposit


Type of Platform

MetaTrader 4, MetaTrader 5

In addition to their global headquarters in New Zealand, BlackBull Markets also has presences in the form of branch offices in New York and Malaysia

BlackBull Markets offers a relatively tight range of tradable assets: 27 Forex currency pairs and crosses, gold, silver, crude oil, natural gas, and 6 major equity indices. That should not worry the average trader who is more concerned to have a normal range of markets to trade without being overly worried about diversification.

BlackBull Markets impresses through a kind of quiet confidence – they do not make extravagant claims, they simply focus on providing the basics required for ECN trading well and at a reasonable cost.

BlackBull Markets requires a minimum deposit of $200 which may put it out of the range of traders intending to make smaller deposits, at least initially.


BlackBull Markets Pros & Cons


  • High leverage of up to 1:500

  • ECN/NDD execution model from a minimum deposit of $2,000

  • Competitive ECN pricing environment and volume-based rebate program

  • VPS hosting and social trading support via market-leading providers


  • Limited asset selection

  • No MT4 upgrades despite labeling itself as a FinTech company

Is Forex Legal in Australia?

Forex trading is 100% legal in Australia. The Australian Securities and Investments Commission (ASIC) regulates FX trading in Australia. All domestic brokers must obtain an Australian Financial Services License (AFSL) license, while Aussie Forex traders may also trade with international brokers. The Corporations Act 2001 outlines rules and regulations for Australian financial firms, including Forex brokers in Australia, to remain compliant with the law. It is also paramount for Australian Forex traders to report profits to the Australian Taxation Office (ATO), regardless of whether their portfolios are in Australia or offshore.

Here are some core trading aspects traders should seek from their Australian Forex broker:

  • Regulation - It will ensure that your capital is protected, and you sleep well at night. ASIC-regulated brokers are among the most trustworthy and transparent. All our Top Five Australian Forex Brokers offer are well-regulated.

  • Cost Structure - Make sure that you have access to competitive pricing. Active Forex traders should look for an ECN account with raw spreads and a competitive commission. 0 pips and a charge of up to $7 per round lot is acceptable. FP Markets, FXTM, Pepperstone, and BlackBull Markets fulfill this category.

  • Asset Selection - Diversification remains a core aspect of risk management. Make sure you have broad choices across multiple categories. FP Markets and AvaTrade grant excellent choices.

  • Trading Platforms - Most Forex brokers offer MT4, but make sure your broker grants add-ons or an excellent proprietary alternative. FP Markets and Pepperstone lead in this category, chased very closely by AVA Trade and FXTM.

Tips for Forex Trading in Australia

While many new Aussie Forex online enthusiasts focus on trading strategies and profits, compare Forex brokers, and try to find the Best Trading Platform Australia, they miss some of the most critical aspects for successful Forex trading. Below are a few tips for Forex trading in Australia to make sure that you have the proper non-broker trading conditions.

  • Trading Space - You must have a distinct trading space, even if you trade from home, as all retail traders do. Ensure it is quiet so that you can focus on trading, which is one of the most challenging mental activities you will encounter.

  • Avoid Distractions - Since Forex trading takes place online, there are countless distractions, primarily from social media. Avoid them when you trade. Learn to dedicate specific time slots per day for trading, and during those periods, invest your energy on nothing but trading. Otherwise, your results will reflect your distractions.

  • Breaks - One of the most ignored aspects of this time-consuming profession, even for retail trades, is the necessity to take breaks. Starring at screens will place your brain on autopilot, and you will be prone to miss alerts and trading signals.

  • Exercise and Diet - It may sound far-fetched, but exercise improves your mental strength, which you need when you trade Forex. A healthy diet adds to your overall well-being, can encourage you to exercise, and ultimately give you another edge.

  • Analyze and Visualize - Always analyze your trades, profits, and losses. There is constant room for improvement, even if you only squeeze out a few pips per trade. They add up and will make a significant difference. Visualize your trading strategy, your upcoming trading day, and how you will aim to become a better Forex trader.

Understanding the Australian Forex Market

 Founded in July 1998, it is one of the most capable and trusted regulators globally, second only to the UK Financial Conduct Authority (FCA). Therefore, Australian regulated Forex brokers have emerged as some of the most sought-after brokers, offering the most competitive and secure trading environment available today.

The Forex market remains the most liquid financial market globally, and thousands of new traders open accounts daily. Over 1,500 Forex / CFD brokers globally are catering to the growing demand, with new ones setting up shop every month. Following regulatory changes in the E.U., affecting former broker hotspot Cyprus, Australia took the top spot due to its business-friendly environment allowing Forex brokers to expand their business while offering traders security. ASIC established itself as a trustworthy and proactive regulator, giving traders a peace of mind when trading with any of the regulated brokers. All ASIC-regulated brokers operate under the protection of the Act of Grace mechanism under section 65 of the Public Governance, Performance, and Accountability Act 2013, while traders enjoy the protection under the Scheme for Compensation for Detriment caused by Defective Administration (CDDA Scheme).

With many new traders entering the world of Forex daily, and popularity among Australian ones rising, we have examined the best Australian Forex brokers and created a Top Five list. Among them are the best Australian Forex brokers for beginners, where excellent educational tools await those traders with a sincere interest in becoming an Aussie Forex online master.

The Australian Forex market experienced a growth burst driven by regulatory changes enforced in the European Union in 2018. These changes rendered the E.U. uncompetitive, harming former safe-haven Cyprus. The transition is ongoing, but Australia is one benefactor of the slow exodus out of the EU by Forex brokers and traders alike. While Australia will soon receive competition from the U.K. following Brexit and a return to more market-friendly policies free of E.U. regulation, ASIC maintains a competitive environment for finance. Domestic trends show a continuous increase in demand, partially driven by the secure trading environment, low capital requirements, and high leverage.

FP Markets and Pepperstone remain two of the most trusted and recognized brokers globally, confirmation of the outstanding effort by the Australian regulator in promoting a platform for growth. Over the next decade, the Australian Forex market is forecast to capture a more substantial market share, with its close relationship and economic dependence on China, the largest Forex market globally, providing an invaluable catalyst. Forex trading Australia remains a high-growth sector to monitor, with exciting opportunities from its emerging FinTech industry transforming the market. The best Australian Forex brokers invest heavily in their technology infrastructure, providing a significant competitive edge to traders, eliminating slippage and requotes.

Australian Forex Market Regulation

Australian Forex market regulation remains the responsibility of the Australian Securities and Investments Commission (ASIC). It maintains one of the most competitive trading environments globally and is the sole Tier 1 regulator, where brokers offer a maximum leverage of 1:500 to all traders. Most regulators lowered it to 1:30 for retail traders, in an erroneous assumption that it would reduce trading losses. The absence of risk management is to blame for that, a concept which regulators tend to misunderstand. Therefore, ASIC-regulated brokers are well-positioned to take market share, particularly from E.U. counterparts, where CySEC-regulated entities operate with the distinct disadvantage of the European Securities and Markets Authority (ESMA).

While the size of the Australian Forex market is smaller than many of its counterparts, and the geographical location is distant from most regulatory jurisdictions, technology remains one of its most significant advantages. Australia adopts advancement swifter than other countries. Many Australian regulated Forex brokers deploy superior technology, FinTech advancements, and high-speed fiber-optic connections. Blockchain technology is also finding a home in Australia, which continues to attract global talent. The combination of all aspects drives domestic demand, while ASIC offers Australian brokers the right platform for international expansion.

ASIC Regulation

Technology is one of the most significant advantages of Australian Forex brokers, closely followed by ASIC regulation. The primary role of ASIC is the regulation of the financial market and the protection of Australian consumers, investors, and creditors. All domestic brokers must obtain a license, and capital requirements must be maintained, together with the segregation of client funds from corporate ones. While ASIC continues to face criticism for inefficiencies to protect consumers from complex financial institutions, it has done an excellent job with Forex brokers.

How Does a Regulated Market Benefit You?

Trading with a regulated Forex broker in a regulated market protects traders from malpractice, pricing manipulation, and other fraudulent activities. It also ensures the segregation of deposits from corporate accounts and that the broker does not use them for internal trading activities or other financial transactions. In case of inappropriate behavior by a broker, ASIC has the capabilities to enforce the law, impose fines, and revoke licenses. While scams still exist, trading in Australia, or as an international trader with an Australia Forex broker, offers one of the most secure trading environments available.

How to Verify Your Broker is ASIC Regulated?

Verification is a simple two-step process. First, locate the Australian Financial Services License (AFSL) license number, usually noted at the bottom of the homepage of each regulated Australian Forex broker. Next, compare the six-digit AFSL license number with the ASIC database to confirm you are dealing with a regulated entity.

How to Choose a Forex Broker (as an Aussie Trader)

With demand for Forex trading on the rise across Australia, it can be a daunting task to identify the Best Online Broker Australia. While there is not one that suits all traders, all competitive ones have several aspects in common. Below is a list of what an Aussie trader should look for to compare Forex brokers effectively before committing to one.

  • Spreads and Commissions - Any contender for Best Forex Broker Australia will maintain a low-cost trading environment. A commission-free account should keep the minimum spread below 1 pip, like BlackBull Markets and AvaTrade, and a commission-based version must offer raw ones between 0 and 0.1 pips with a cost of no more than $7 per round lot. FP Markets, FXTM, Pepperstone, and BlackBull Markets satisfy this requirement.

  • Trading Platforms - Traders should either seek the MT4/MT5 trading platform with upgrades, as provided by FP Markets, FXTM, and Pepperstone, or opt for a competitive proprietary alternative, where FP Markets is home to the Best Online Trading Platform Australia. An excellent charting package, in-depth analytic tools, a user-friendly interface, and no slippage or requotes must exist. Trading platforms may either come as a desktop client, a webtrader, or a mobile version.

  • International Offering - Many new to FX trading in Australia may want to focus on domestic assets like Australian Dollar quoted currency pairs and crosses or Australian equities listed on the ASX. It is essential to have a wide range of assets globally, to diversify portfolios, and reduce risk. FP Markets and AvaTrade excel in this category.

  • Spreads, Commissions, and Leverage - Leverage is one of the most beneficial tools for Forex traders if deployed accordingly and in conjunction with risk management. Forex brokers in Australia offer 1:500, which allows brokers and traders to operate with a significant competitive edge.

  • Account Types - A growing number of brokers offer only one account type with equal access to trading services, while others either implement superior services for more substantial deposits or different trading strategies. Traders should avoid brokers that discriminate by portfolio size. The sole acceptable distinction is between a commission-free and a commission-based account. All five on brokers on our list of Best Online Broker Australia provide equal access to the core trading environment.

  • Minimum Deposit - A low minimum deposit ensures accessibility to all traders, without the pressure for a significant capital commitment. It also allows traders to adequately build a portfolio through monthly deposits, a vital aspect for successful Forex traders. Pepperstone has no requirement, FXTM commences from just $10, and FP Markets and AVA Trade ask for $100. BlackBull Markets raises it to $200.

  • Trading Apps - Many focus only on a mobile app, where FXTM and AVA Trade offer a proprietary solution. Traders should look for trading apps that will benefit their trading, like Autochartist for manual trades, TipRanks for equity traders, or excellent upgrades to the MT4 trading platform delivered by Pepperstone and FP Markets. The quality of trading apps is relevant, not marketing or quantity.

  • Customer Service - Traders at well-managed Forex brokers will hardly require customer service, but it must be accessible in case of emergencies. Live chat is the most convenient format to receive support, with e-mail and phone available at all Forex brokers in Australia. 24/5 customer support is preferable, matching the operating hours of the Forex market.

  • Day Trading - Day trading is popular among the growing Aussie Forex Australia crowd. Fast execution speed, superior technology, and a commission-based account with raw spreads and low commissions will enhance the profitability of any day trading strategy. They are available at Pepperstone, FP Markets, FXTM, and BlackBull Markets.

  • Additional Services - With demand for Forex Trading Australia expanding, many Forex brokers offer auxiliary services to increase their market share. They may include free VPS hosting, trading signals, market commentary, loyalty programs, invitations to VIP events, bonuses, interest on free margin, and one-on-one trading consultations.

Tax on Forex Trading Australia

The Australian Tax Office (ATO) does not provide much clarity on the applicable tax, which differs on numerous criteria. An overly complicated tax code makes it challenging for any retail traders to understand the payable tax to the government, and it is best to consult a certified accountant. The primary distinction is between investors, buying and selling infrequently and not motivated by short-term profits, and traders, who aim to generate daily, weekly, and monthly income. There is a tax-free allowance, while the maximum applicable tax may reach as high as 45%. Crippling financial penalties exist for the wrong type of payment or absence of any. There are also tax discounts of up to 50% for investors, and traders can offset losses immediately while investors have to carry them forward. The complexity of the Australian tax code makes the use of a certified accountant the most efficient option. Software exists for those who prefer to attempt to navigate the unnecessarily complicated tax issue on their own.

Forex Trading in Melbourne

Melbourne is home to a well-diversified economy where finance, technology, and research play a dominant role. Five of the ten largest companies in Australia remain headquartered there, and Forex trading among Melburnians increases in popularity annually. The conditions for it, ranging from technology, through characteristics to interest, make Melbourne one of the hotspots for Australian Forex traders. Pepperstone operates out of Melbourne and deploys one of the most advanced technological infrastructures available today.

Forex Trading in Sydney

Sydney is the most populous city in Australia and Oceania. The location of the primary equity exchange ASX. Sydney ranks continuously among the Top 15 cities, highly integrated into the global economy. 48% of the Top 500 companies in Australia call Sydney their home, making it a perfect location for Forex traders. FP Markets, the operator of the Best Trading Platform Australia, has its global headquarters in Sydney, which offers the complete infrastructure for retail traders and professionals alike, comparable to what London or Tokyo has to offer.

Best Time to Trade Forex in Australia

This is a widely debated topic and ultimately depends on the trader and strategy. Many Australian Forex traders may prefer to trade during their daytime, making the Australian dollar, the New Zealand dollar, the Japanese yen, and the Chinese yuan the most desired currencies. The London open injects volatility and is considered by some as the most profitable time for short-term strategies. The New York start offers a smaller repetition of it. While debates over the best time to trade Forex in Australia are ongoing, on an individual basis, the best time is when a trader decides to execute their strategy, and not by what a consensus determines.


We reviewed over 100 brokers based on eleven criteria. Each research consists of over 2,000 words and lasted more than ten hours. Over 100 brokers were reviewed in-depth and from a traders’ perspective, ignoring the marketing tactics deployed by some to confuse retail traders. Therefore, we sourced the list of our Top Five Australian Forex Brokers from more than 200,000 words of dedicated research compiled over 1,000 hours, ensuring the most comprehensive approach to identify the best Australian Forex brokers.

The eleven criteria used in our research consist of:

  • Regulation and Security

  • Trading Costs

  • Asset Selection

  • Account Types

  • Trading Platforms

  • Unique Features

  • Research and Education

  • Customer Support

  • Bonuses and Promotions

  • Account Opening Process

  • Deposits & Withdrawals


What is the best Forex broker in Australia?

Depending on the preferences of Forex traders, FP Markets, FXTM, AVA Trade, Pepperstone, and BlackBull Markets rank among the best Australian Forex brokers.

Is Forex trading legal in Australia?

Yes, Forex trading is 100% legal in Australia and is regulated by the Australian Securities and Investments Commission (ASIC).

What is the best Forex broker for Australian beginner traders?

FXTM offers an excellent educational division for Australian beginner traders to consider. Pepperstone and FXTM have $0 and $10 minimum deposit requirements, respectively, making them ideal for portfolio building and training purposes in live accounts.

How to become a Forex trader in Australia?

All you need to do is settle for one Forex broker, with the five outlined in this article an excellent starting point, make a deposit, and you are ready to trade. New traders need to invest a considerable amount in education and learning how to trade in a live account with a small deposit before making a more significant commitment.

Is Forex trading taxable in Australia?

Yes, Forex trading is taxable in Australia. Regrettably, the Australian Taxation Office (ATO) provides little clarity, the tax code is very complicated, and the assistance of a certified accountant remains the most efficient solution for complying with Australian taxation.

Huzefa Hamid

I’m a trader and manage my own capital. I trade the major Forex pairs, some Futures contracts, and I rely entirely on Technical Analysis to place my trades. Today, I am also a Senior Analyst for DailyForex.com. I began trading the markets in the early 1990s, at the age of sixteen. I had a few hundred British pounds saved up (I grew up in England), with which I was able to open a small account with some help from my Dad. I started my trading journey by buying UK equities that I had read about in the business sections of newspapers. The 1990s were a bull market, so naturally, I made money. I was fortunate enough in my early twenties to have a friend that recommended a Technical Analysis course run by a British trader who emphasized raw chart analysis without indicators. Having this first-principles approach to charts influences how I trade to this day.

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