Forex Brokers In Australia

The best forex brokers in Australia offer access to a wide range of currencies, including the AUD, alongside competitive spreads and commissions. Leading Aussie FX brokers are also regulated by the Australian Securities & Investments Commission (ASIC), providing local investors with a secure trading environment.

This guide lists the top forex brokers in Australia, comparing minimum deposits, tradable assets, leverage, regulatory oversight and more. We also share our tips for comparing online forex brokerages based in Australia.

Top Forex Brokers In Australia

#1 - Vantage

Trade 40+ forex pairs with some of the tightest spreads, including majors and minors. Vantage's deep liquidity pool provides spreads from 0.0 pips. There are also no commissions, deposit fees or hidden charges.

"Vantage is a great option for CFD traders seeking a regulated broker with high leverage and access to the powerful MetaTrader platforms."

- DayTrading Review Team
  • GBPUSD Spread: 0.5
  • EURUSD Spread: 0.0
  • EURGBP Spread: 0.5
  • Total Assets: 40+
  • Leverage: 1:500
  • Platforms: MT4, MT5, TradingView, DupliTrade

CFD Trading

Traders can speculate on a breadth of financial markets with high leverage up to 1:500. Bet on rising and falling prices in currencies, commodities, indices, shares, and more without owning the underlying asset.

Stocks Trading

Speculate on leading companies in the US, EU, UK and Australia including large brands like Tesla and Apple. Short, medium and long-term trading strategies are catered for, including the use of Expert Advisors (EAs).

Crypto Trading

Trade cryptos including Bitcoin 24/7 with up to 1:200 leverage and zero overnight fees. Various risk management tools are also available, including price alerts and stop losses.

About Vantage

Reliable and affordable trading since 2009. Join over 900,000 others trading on 1000+ CFD products. Trade Forex CFDs from 0.0 spreads on the RAW account through TradingView, MT4 or MT5. Vantage is ASIC regulated and client funds are segregated. Crypto supporters will also rate the BTC/ETH account with no deposit fees. Open an account in less than 2 minutes.


  • Award-winning platforms including MT4 and MT5 plus beginner-friendly social trading via ZuluTrade & Myfxbook
  • Quick and easy to open a live account
  • Competitive ECN accounts with spreads from 0.0 pips and a $3 commission per side


  • A $10,000 deposit is needed for the best account conditions
  • Cryptos only available for Australian clients
  • Some clients will need to trade with the offshore entity

#2 - AvaTrade

AvaTrade offers 50+ currency pairs and their spreads are some of the best among any broker. You can trade majors, minors and exotics around the clock with zero commissions.

"AvaTrade is an excellent broker for traders of all experience levels. Beginners benefit from high-quality education, social trading and a low minimum deposit. 1000+ tradable instruments and powerful proprietary software also make AvaTrade suitable for seasoned traders."

- DayTrading Review Team
  • GBPUSD Spread: 1.5
  • EURUSD Spread: 0.9
  • EURGBP Spread: 1.5
  • Total Assets: 50+
  • Leverage: 1:30 (Retail) 1:400 (Pro)
  • Platforms: MT4, MT5, AlgoTrader, TradingCentral, DupliTrade

CFD Trading

AvaTrade offers leveraged CFD trading on a range of asset classes spanning stocks, indices, commodities, bonds, crypto, and ETFs. Traders can speculate on rising and falling prices with low fees and stable platforms in a highly regulated trading environment.

Stocks Trading

AvaTrade is a top-rated broker with access to leading exchanges including NYSE & FTSE. Take positions on leading tech firms like Tesla, Apple and Microsoft with no restrictions and reliable support.

Crypto Trading

Regulated in five continents, AvaTrade offers a secure way to access crypto markets. They offer a great range of digital currencies, very tight spreads, and 1:2 leverage. [Not available in Canada]

About AvaTrade

Leading forex and CFD broker since 2006, regulated in Ireland, Australia, Canada, Japan, Abu Dhabi, and South Africa. AvaTrade offers multiple trading platforms, including MT4, MT5, Web Trader, Mobile App, Vanilla Options and Social Trading. 1250+ financial instruments, educational content and multi-language customer support active 24/7. 20% welcome bonus available in allowed countries.


  • Superior trading platforms including MetaTrader
  • Excellent customer support
  • AvaSocial app for copy trading


  • Some withdrawal methods are slow
  • Inactivity fee after three months

#3 - FXCC

FXCC offers leading fees compared to alternatives with spreads as low as 0.0 pips and $0 commission. Over 70 currency pairs are also available, providing more opportunities than most competitors.

"FXCC is a good option for traders looking for wide market access with high leverage up to 1:500 and access to the reliable MetaTrader 4 platform."

- DayTrading Review Team
  • GBPUSD Spread: 1.0
  • EURUSD Spread: 0.2
  • EURGBP Spread: 0.5
  • Total Assets: 70+
  • Leverage: 1:500
  • Platforms: MT4

CFD Trading

Trade currencies, metals, energies, indices and cryptos with flexible leverage. 24/5 customer support is available to assist new clients while the MT4 platform comes with free tutorials and user guides.

Stocks Trading

Trade a dozen major indices, including the Dow Jones, NASDAQ, S&P and DAX. Prices are competitive with zero commissions and a minimum price fluctuation of 0.01.

Crypto Trading

Trade eight of the most popular cryptocurrencies, including Bitcoin, Ethereum and Litecoin. High leverage up to 1:10 is available on BTC and 1:5 on other cryptos.

About FXCC

FXCC is a trustworthy trading broker regulated by the CySEC. The brokerage offers ECN trading executions, spreads from zero pips and no commissions. The brand is also well-known for its welcome bonuses and trading deals, including a free VPS.


  • 100% first deposit bonus
  • Islamic account for Muslim traders
  • Expert Advisors supported


  • No MetaTrader 5 download
  • US traders not accepted
  • No trading on individual stocks and shares

#4 - Eightcap

Trade 50+ major, minor and exotic pairs with an award winning platform. Users get institutional-level prices with spreads from 0.0 pips and no commissions. The VPS will also serve high-volume, active day traders.

"Eightcap is good for traders familiar with MT4 and MT5 looking to trade forex and CFDs in a secure environment. The brand is also a great pick for crypto traders with 100+ derivatives, a sophisticated market scanner, plus Bitcoin and Tether deposits."

- DayTrading Review Team
  • GBPUSD Spread: 1.0
  • EURUSD Spread: 1.0
  • EURGBP Spread: 1.0
  • Total Assets: 50+
  • Leverage: 1:30
  • Platforms: MT4, MT5, TradingView

CFD Trading

Trade over 800 CFDs on popular indices, shares, forex, cryptos and commodities. Clients get premium liquidity and superior execution with servers in leading data centres. Eightcap also offers more choice than most competitors in terms of platforms with MT4, MT5 and TradingView.

Stocks Trading

Trade 500+ US, Australian, and European shares on MT5 or TradingView. Bet on rising and falling share prices while using leverage to bolster potential profits. On the downside, fractional shares aren't offered.

Crypto Trading

Eightcap offers over 100 crypto-backed derivatives, more than many rivals. Bitcoin spreads are also lower than most brokers coming in at 12, while the market scanner is a unique and powerful trading aid.

About Eightcap

Eightcap is a forex and CFD broker founded in Australia in 2009. The brand is popular for its raw spreads on 1000+ instruments and advanced MetaTrader platforms. With five global offices and ASIC regulation, Eightcap has built a strong reputation. New traders can also sign up for a live account in just a few minutes.


  • Good for day trading with ECN pricing, a forex VPS and automated trading software
  • Cryptocrusher market scanner with sentiment indicators, news and trading signals
  • Sophisticated platforms including MetaTrader 4 and TradingView


  • Only four commodities available
  • Demo account can only be extended upon request
  • Cryptocrusher platform not available for Australian clients

#5 - Fusion Markets

Trade over 90 pairs and keep costs to a minimum, with tight spreads and industry-leading commissions. Currencies can be traded 24/5 with no dealing desk intervention.

"We recommend Fusion Markets for traders looking for the lowest fees with spreads from 0.0 pips and a $2.25 per side commission."

- DayTrading Review Team
  • GBPUSD Spread: 0.0
  • EURUSD Spread: 0.0
  • EURGBP Spread: 0.0
  • Total Assets: 90+
  • Leverage: 1:500
  • Platforms: MT4, MT5, cTrader, DupliTrade

CFD Trading

Trade CFDs on forex, metals, energies, shares, indices and cryptos with transparent prices. High leverage up to 1:500 is available and there are no account opening or deposit fees.

Stocks Trading

Trade 100+ shares in some of the biggest US companies. There are no commissions and equities can be traded on the advanced MT5 platform which is home to an excellent suite of analysis tools.

Crypto Trading

Trade the best known cryptos paired with USD and 1:2 leverage. Fees are low and traders can speculate on leading tokens like Bitcoin and Ethereum on a powerful trading platform.

About Fusion Markets

Fusion Markets is an Australian headquartered and regulated broker that offers low-cost forex and CFD trading. Copy trading, 1:500 leverage plus multiple account types are also available, catering to traders of different experience levels and budgets. New clients can sign up and start trading in three straightforward steps.


  • Free US share investing
  • Good market analysis tools and research
  • VPS solution


  • Limited educational materials, videos or training resources
  • No bonuses or loyalty promotions

#6 - ThinkMarkets

ThinkMarkets offers 46 forex pairs, including a decent variety of minors and exotics as well the majors. Forex traders also benefit from very tight spreads starting from 0.0 pips for the EUR/USD in the Zero account.

"ThinkMarkets is a reliable, multi-regulated broker that will suit most CFD traders thanks to its large asset list, competitive fees and excellent platform options."

- DayTrading Review Team
  • GBPUSD Spread: 0.3
  • EURUSD Spread: 0.0
  • EURGBP Spread: 0.0
  • Total Assets: 45+
  • Leverage: 1:500
  • Platforms: ThinkTrader, MT4, MT5, AutoChartist, TradingCentral

CFD Trading

ThinkMarkets offers CFDs on a good range of instruments, the most extensive being stocks and ETFs with 3500+ assets, as well as indices and commodities, amongst others. Leverage is available up to 1:30 in the EU and UK, while clients of the offshore branch can access up to 1:500 leverage.

Stocks Trading

ThinkMarkets clients can trade CFDs on an impressive list of more than 3000 shares with low commissions and no hidden fees, plus fast execution speeds. The broker does not support trading of physical company shares.

Crypto Trading

With 20+ cryptocurrencies available to trade via CFDs, traders can securely speculate on crypto markets with up to 1:10 leverage. ThinkMarkets does not directly trade crypto assets, meaning you will not own the tokens, and crypto trading is not available in some jurisdictions.

About ThinkMarkets

ThinkMarkets is a reputable CFD and forex broker with regulation from several top-tier bodies including the FCA and ASIC. Traders can use a bespoke platform, MT4 or MT5 to access a wide variety of assets including 3500+ stocks and ETFs, 46 forex pairs and over 20 cryptocurrencies. Fees are competitive, particularly for the ThinkZero account with spreads starting at zero.


  • Low fees with competitive spreads on the commission-free account and very tight spreads and a low $3.5 commission on ThinkZero
  • Quick and easy to open a ThinkMarkets account
  • Reliable 24/7 multilingual support via telephone, email or live chat


  • $500 minimum deposit for ThinkZero account
  • Not many payment methods available for UK traders
  • Limited bonus offers, refer-a-friend schemes or trading competitions

#7 - IC Markets

Trade currencies with 0.0 pip spreads at one of the world's leading forex brokers. IC Markets is a great choice for serious traders with superior execution and low fees.

"IC Markets offers a top-class environment for traders of all experience levels and strategies. Industry-leading platforms, superior pricing and flexible accounts will meet the needs of both beginners and active day traders."

- DayTrading Review Team
  • GBPUSD Spread: 0.5
  • EURUSD Spread: 0.1
  • EURGBP Spread: 0.5
  • Total Assets: 55+
  • Leverage: 1:30 (Retail), 1:500 (Pro)
  • Platforms: MT4, MT5, cTrader, DupliTrade

CFD Trading

Trade CFDs 24/5 on popular markets including forex, commodities, indices, stocks and bonds. IC Markets offers deep liquidity, raw spreads and high leverage.

Crypto Trading

IC Markets offer a diverse range of cryptos, with super small spreads. They also offer many cryptocurrencies not available elsewhere, without the need of a virtual wallet.

About IC Markets

IC Markets is a respected multi-asset broker offering premium trading technology, highly competitive pricing and 24/7 customer support. The broker provides various social trading features for beginners whilst experienced traders can enjoy advanced charting and analysis tools. Over 180,000 clients from more than 200 countries have signed up with the heavily regulated and trustworthy brand.


  • 15+ payment methods in 10 base currencies including PayPal and Skrill
  • Responsive 24/7 customer support plus an extensive help centre
  • Premium educational resources and trading tools including podcasts, forex calculators and tick charts


  • No bonus deals for new traders
  • Two-factor authentication not available for extra account security
  • Traders from the US not accepted

#8 - Pepperstone

Pepperstone offers ultra-low spreads from 0.0 pips on the Razor account and has an excellent selection of 60+ pairs. The broker boasts an impressive 99.94% fill rate with no requotes or dealing desk intervention. Forex lots start at 0.01.

"Pepperstone is a best-in-class broker. Experienced traders benefit from razor sharp spreads with sophisticated automation tools and over 1000 instruments. Newer traders get user-friendly platforms, rich education materials and 24/7 support."

- DayTrading Review Team
  • GBPUSD Spread: 1.0
  • EURUSD Spread: 1.0
  • EURGBP Spread: 1.2
  • Total Assets: 60+
  • Leverage: 1:30 (Retail), 1:500 (Pro)
  • Platforms: MT4, MT5, cTrader, TradingView, AutoChartist, DupliTrade

CFD Trading

Pepperstone is a fast and reliable CFD broker with 1200+ assets covering forex, commodities, shares, indices, and ETFs. You can also trade currency indices, which aren't available at many alternatives. CFDs can be traded on four leading platforms with a choice of accounts and base currencies. Expert Advisors (EAs) are also supported for automated trading strategies.

Stocks Trading

Pepperstone offers hundreds of shares covering US, UK, Australian and German stock markets. Traders can go long or short on big names like Tesla with deep liquidity and competitive commissions.

Crypto Trading

Take positions on cryptos like Bitcoin with up to 1:10 leverage. Pepperstone also offers popular altcoins, as well as crypto indices, which offer a holistic view on the digital currency market.

About Pepperstone

Pepperstone is a leading online broker with over 400,000 clients in more than 175 countries. The top-rated firm offers excellent market access, industry-leading platforms in MT4, MT5, TradingView and cTrader, plus low fees with no hidden charges. Pepperstone is also heavily regulated with a high trust score, holding licenses with reputable bodies, including the FCA, ASIC, DFSA, and CySEC.


  • Wide selection of assets including currencies indices like the US Dollar Index
  • Award-winning customer support via telephone, email or live chat
  • Excellent suite of automated trading tools including, Smart Trader and API trading


  • Traders from the US not accepted
  • Limited payment methods for UK clients
  • Cryptos only available for professional clients in some jurisdictions

#9 - XM

XM offers ultra low spreads across a range of forex markets with no re-quotes or hidden charges. Forex can be traded 24/5 on desktop, web and mobile. Over 50 currency pairs are available including all majors.

"XM will suit traders looking for a trustworthy broker with low fees, access to the reliable MetaTrader platforms, plus excellent market research and education."

- DayTrading Review Team
  • GBPUSD Spread: 1.9
  • EURUSD Spread: 1.6
  • EURGBP Spread: 1.8
  • Total Assets: 55+
  • Leverage: 1:30
  • Platforms: MT4, MT5

CFD Trading

Speculate on rising and falling prices with leveraged CFDs spanning popular financial markets. Users get low spreads and high-quality market insights to support CFD trading.

Stocks Trading

Trade hundreds of shares in major markets, including the US, UK, Europe and Asia. Traders can go long or short on stocks with commissions as low as $1 per transaction.

About XM

XM is a globally recognized forex and CFD broker with 10+ million clients in 190+ countries. Since 2009, this trusted FSC-regulated broker has been well-known for its low spreads and competitive fees on 1000+ instruments. XM offers both the MT4 and MT5 platforms.


  • Transparent fees with spreads from 0.6 pips
  • Reliable 24/7 customer support in over 30 languages
  • Premium research including market sentiment, fundamental insights and strategy builders


  • Traders from the US not accepted
  • $5 inactivity fee

#10 - PrimeXBT

Go long or short on 50 forex pairs including the EUR/USD and GBP/USD with zero commissions. There are plenty of opportunities to buy and sell currencies via margin or copy trading.

"PrimeXBT is great for investors looking to buy and trade derivatives on a wide range of cryptocurrencies. The brand is also a good pick for newer investors looking for copy trading."

- DayTrading Review Team
  • GBPUSD Spread: Variable
  • EURUSD Spread: Variable
  • EURGBP Spread: Variable
  • Total Assets: 45+
  • Leverage: 1:1000
  • Platforms: Own

CFD Trading

Trade CFDs across four asset classes with leverage up to 1:1000. Beginners can also take advantage of the broker's useful technical analysis guides and CFD education, plus 24/7 in-platform support via live chat.

Stocks Trading

Trade major indices, including the Nasdaq, S&P and Nikkei. PrimeXBT offers a powerful platform for technical and fundamental analysis while commissions are amongst the lowest around.

Crypto Trading

Trade popular cryptos with commissions as low as 0.05% and high leverage up to 1:200. Another bonus is that you can join 10,000+ traders in crypto trading contests with real prizes.

About PrimeXBT

PrimeXBT is a multi-asset platform offering highly leveraged trading in forex, indices, commodities and cryptocurrencies. The company launched in 2018 and now has over 1 million users from more than 150 countries. With no minimum deposit, copy trading features and low commissions, the broker has become popular among new and experienced traders.


  • Excellent platform and app which provide access to a mix of traditional and digital assets
  • High trust score with a secure track record and no client funds stolen
  • The long list of cryptos available provides plenty of trading opportunities


  • No telephone customer support
  • BTC withdrawal fee
  • No MetaTrader 4 integration

How Forex Brokers In Australia Work

Forex brokers in Australia provide access to the global foreign exchange market, allowing traders to buy and sell currencies. For example, if you wish to purchase United States Dollars (USD) using Australian Dollars (AUD), a forex broker would allow you to do this by trading the AUD/USD currency pair.

Australia’s history in the forex market dates back as far as the mid-20th century. Post-1967, the Australian Dollar rose in value, cementing its place in the currency market. It had high volatility, exposure and interest swaps, causing it to be popular with FX traders and quickly becoming an attractive vehicle for currency speculators.

Today, it is among the top five global currencies, after the USD, EUR, GBP and JPY, representing around 5% of the entire FX market by volume, despite the fact Australia comprises only 2% of global economic activity.

ASIC Oversight

Before forex brokers in Australia can accept retail investors, they need authorization from the Australian Securities & Investments Commission (ASIC), the local financial regulator.

ASIC-regulated FX brokers offer greater protection to retail traders versus firms registered offshore. However, obtaining a license from the ASIC requires meeting several criteria, including:

How Forex Brokers In Australia Make Money

Beyond charges that cover the real costs of a brokerage, such as transaction fees, two main charges earn brokers money: spreads and commissions.

Generally, forex brokers in Australia will either use spreads or commissions to make their money, and sometimes both.


The spread of a currency pair is the difference between the bid and the ask price. Spreads rely on the volatility and liquidity of the market; a tight spread would imply low volatility and high liquidity, and vice versa for large spreads. Tight spreads are generally a good time to execute orders as the cost of the trade is lower and there is less chance of slippage.

For example, the AUD/USD currency pair may be quoted as 0.74004/0.73944 by whichever forex broker in Australia you are using. This means that, if you wish to buy USD with AUD, you can only do so at a rate of 0.74004 AUD per USD, while you could sell the asset for 0.73944 AUD/USD. This difference, 0.74004 – 0.73944 = 0.0006, is called the spread.

Forex brokers in Australia that make money through spreads will do so by marking up the difference between the bid and ask prices. CMC Markets, for instance, offers the AUD/USD currency pair with a minimum spread of 0.7 pips.


The other fee structure implemented by forex brokers in Australia focuses on a commission charge. This can either be given as a fixed base rate, like 3 AUD per trade, or a percentage of the trade’s value.

Importantly, commission-based brokers will still quote spreads for each currency pair, as these come from the markets themselves, so investors must take both fees into account.

How To Compare Forex Brokers In Australia

Carrying out a comparison of Aussie forex brokers is important given the long list of potential providers. But with everyone having slightly different needs, even narrowing brokerages down to the top 10 can seem challenging.

Below we have broken down the key things to think about when choosing forex brokers in Australia.

Range Of FX Pairs

The selection of forex pairs offered is key when evaluating a broker to use. If you open an account with an Aussie broker and then realize they do not offer the currency pairs you are after then you will have wasted time and money. The most commonly traded pairs in Australia are AUD/USD, EUR/AUD and AUD/SGD.

It is also worth considering what markets you may want to expand into in the future, to save you the hassle of needing to find a new broker every time you wish to trade a different asset, for example, stocks listed on the Australian Stock Exchange.


As outlined above, spreads and fees can vary. Forex brokers in Australia with greater market access may have lower spreads but then charge higher commissions. Other fees, such as withdrawal or inactivity charges, can also eat away at your profits, so make sure you compare all costs.

It is also important to remember that currency conversion fees may apply if you are trading or managing a forex account in a currency other than AUD. When purchasing assets in a different currency to your account base currency, IG for example charges a 0.5% fee on top of the currency exchange rate.

Fortunately, the best forex brokers in Australia should offer AUD as the base currency and waive any conversion charges.


Australian brokers regulated locally will be restricted by ASIC leverage rules introduced in March 2021. This includes limiting leverage for retail traders to 1:30 for major currency pairs and 1:20 for minor and exotic pairs. These rules are in place until at least 2027, following a 91% reduction in aggregate net losses by retail client accounts since the rules came into place.

Note, Australian forex traders can access higher leverage by signing up with an offshore brokerage, however, they may sacrifice the client protections afforded by ASIC oversight. Limited regulatory oversight can open investors up to scams and the risk of losing their capital in the event of broker insolvency.

ASIC Regulation

Any business that operates in the Aussie financial markets must be registered with the Australian Securities & Investments Commission (ASIC). This means forex brokers should have an Australian Financial Services License (AFSL), which they will often state in the footer of their website.

As the stipulations are relatively strict, many global brokers set up separate entities to serve clients in Australia. For example, Interactive Brokers operates Interactive Brokers Australia Pty Ltd, which is registered in Sydney and holds a license with the ASIC.

If you are in doubt about the legitimacy of a broker, the official Australian Securities & Investments Commission website maintains a list of registered firms. Users can search by entity name or license number.

Payment Methods

The deposit options offered by an online broker can make a big difference in terms of convenience. The top forex brokers in Australia will support local payment methods, reducing transaction speeds and transfer fees.

Popular electronic payment methods in Australia include POLi and BPAY.

Minimum Deposit

Most forex brokers in Australia will have a minimum deposit requirement. Brokers with premium-grade services might have high limits, 10,000 AUD or more, while some of the largest low-cost brokers have more accessible requirements of just 10 AUD, which is perfect for beginners.

FP Markets, for example, has a competitive minimum deposit requirement on both their MT4 and MT5 Standard and Raw Accounts of 100 AUD.

Execution Model

Forex brokers in Australia use different execution models. These can generally be split into market makers, electronic communications networks (ECNs) and straight-through processing (STP) providers.

Market makers typically offer consistently high liquidity by filling the other side of your order themselves, though this is often criticised because it means firms are effectively betting against their clients.

ECN brokers directly connect their clients with other market participants, offering ultra-tight spreads, particularly during periods of high liquidity. These brokers will often charge a commission for their services to make up for the tight spreads available.

STP brokers, on the other hand, connect their users to liquidity providers that quote the best bid and ask prices. STP forex brokers in Australia then amalgamate the various quotes and mark up the spread to make their money.


ASIC-regulated forex brokers in Australia are not permitted to offer bonuses, rewards and promotions to their clients and newcomers. This includes deposit increases, welcome bonuses and referral rewards. Although this will disappoint some Aussie forex traders, financial incentives often come with unrealistic withdrawal terms and conditions.

Instead, look for forex brokers in Australia that offer other valuable services, such as copy trading or educational materials for FX beginners.


Forex brokers in Australia tend to offer a range of account types, catering to different experience levels and investment strategies. Accounts normally differ in terms of pricing models (spreads only vs tight spreads plus commissions), trading platforms and tools, minimum deposit requirements, plus priority withdrawals and support.

In general, accounts with a higher minimum deposit offer more competitive fees and premium forex analysis tools.


Two of the most popular FX platforms are MetaTrader 4 (MT4) and MetaTrader 5 (MT5), though some forex brokers in Australia will offer their own proprietary platforms that are beginner-friendly and reliable. AvaTrade, for example, offers intuitive and user-friendly terminals, including their proprietary AvaTradeGo, AvaOptions and AvaSocial.

Which terminal to choose is often a case of personal preference. If you want to log in and pick up where you left off, a browser-based terminal may be suitable. Those looking for a more stable and reliable trading environment may want to trade forex on downloadable software.

It is also worth looking at the range of tools, charts, historical data, and other analysis features. Does the broker offer forex heatmaps, for example, or integrated economic calendars with announcements from the Reserve Bank of Australia?

Mobile Apps

The best and biggest forex brokers in Australia will offer a mobile app that allows for straightforward account management, market analysis and order execution. SMS alerts and price notifications are also useful. Compatibility with a range of devices, including iOS, Android, Linux and Huawei, should also be considered.

Mobile apps are useful for ensuring you don’t miss opportunities or let losses wrack up, particularly if you are investing in a market with different operating hours to Australia’s typical trading session. The Australia Stock Exchange is open Monday to Friday 10 AM to 4 PM, Australian Eastern Daylight Time.

Customer Support

The top forex brokers in Australia will offer responsive and knowledgeable customer service. Common contact methods include telephone, email and live chat via their website.

It is also best to ensure their customer support team will be working during the hours you intend to be active. The best forex brokers in Australia offer 24/7 customer support, including Pepperstone and Vantage.

Tip: online reviews and trader forums are a good place to gauge other FX investors’ experiences with a brand.

Final Word On Forex Brokers In Australia

The top-rated forex brokers in Australia will be regulated by the ASIC, offer access to a range of currencies including the AUD, and provide a reliable and stable trading environment. It is also worth looking at the minimum deposit requirement, with some Aussie brokers accepting traders with a 10 AUD minimum payment.

Use our guide to compare Aussie forex brokers. Alternatively, head to our list of the best forex brokers in Australia to get started today.


Yes, using forex brokers is completely legal as long as they have an Australian Financial Services License. There is also the option to open accounts with offshore forex brokers that are not regulated by the ASIC, but this comes with additional financial and legal risks.

Where Can I Find ASIC-Regulated Forex Brokers?

ASIC-regulated forex brokers should have their license details easily visible on their website or mobile app. Alternatively, you can go to the regulator’s official website for a full list of regulated companies. Simply enter the company name or license number into their online database.

Which Are The Best Forex Brokers In Australia?

The best forex broker in Australia will depend on your investment goals and trading style. Key considerations include oversight from the Australian Securities & Investments Commission (ASIC), access to currencies including the AUD, plus tight spreads and low commissions. Our guide compares the top forex brokers in Australia with a list of the best platforms in 2023.

What Fees Do I Need To Pay To Use Forex Brokers In Australia?

Fees vary between forex brokers in Australia. The key charges come in the form of spreads and commissions, overnight swaps on leveraged positions, market data subscriptions, deposit and withdrawal charges, currency conversion fees, plus inactivity penalties. Use our list of the top forex brokers for Australian traders to find a low-cost investing platform.

Further Reading