Over the past few decades, the Forex exchange market has seen not only a continued upward surge of the daily trading volume but also the entry of new markets, case in point Australia. The country’s safe financial background complemented by favorable regulations has seen numerous local forex traders set up shop as well as invite numerous other multinationals traders.
These trading companies commonly referred to as the Australian Forex Brokers, are subject to the countries financial laws and regulations aimed at protecting the Australian investors. Nonetheless, note that while the provisions have gone a long way in securing trader’s interests, they haven’t completely wiped out unscrupulous brokers.
These often take advantage of the complexity of Forex markets and the risks involved to defraud the clients of their hard-earned cash. You can, however, avoid falling into this trap by exploring reliable Australian forex brokerage companies in the table below.
Best Forex Brokers in Australia
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Alpari
trusted
Best MT5 Broker
Specialized trading accounts
Free VPS hosting
24/7 instant money withdrawal
Withdraw fee
$0
Deposit fee
4.5
Max leverage
1:1000
Min deposit
$5
Top Regulators
No
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Alpari
- Withdraw fee$0
- Deposit fee$0
- Max Leverage1:1000
FxPro
trusted
Best For Algo Trading
24/7 instant money withdrawal
Specialized trading accounts
Free VPS hosting
High leverage
Withdraw fee
$0
Deposit fee
4.9
Max leverage
1:10000
Min deposit
$100
Top Regulators
FCA
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FxPro
- Withdraw fee$0
- Deposit fee$0
- Max Leverage1:10000
Best For Low Trading Costs
Specialized trading accounts
Free VPS hosting
24/7 instant money withdrawal
Withdraw fee
$0
Deposit fee
4.6
Max leverage
1:888
Min deposit
$5
Top Regulators
ASIC, FSC, CYSEC
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XM
- Withdraw fee$0
- Deposit fee$0
- Max Leverage1:888
Best For Tight Spreads
Specialized trading accounts
Tight Spreads
Low commissions
Withdraw fee
$0
Deposit fee
4.5
Max leverage
1:500
Min deposit
$200
Top Regulators
ASIC, CySEC
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IC Markets
- Withdraw fee$0
- Deposit fee$0
- Max Leverage1:500
Best Offer On Diverse Assets
24/7 instant money withdrawal
Withdraw fee
No
Deposit fee
3.6
Max leverage
1:400
Min deposit
20$
Top Regulators
FCA
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Best Trading Platforms
Specialized trading accounts
24/7 instant money withdrawal
Withdraw fee
$0
Deposit fee
4.5
Max leverage
1:50
Min deposit
100$
Top Regulators
FCA, CFTC, NFA, CIRO, CIMA, CYSEC
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Forex.com
- Withdraw fee$0
- Deposit fee$0
- Max Leverage1:50
Start trading
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Risk Warning
Best For Instant Trade Execution
24/7 instant money withdrawal
Free VPS hosting
Specialized trading accounts
Withdraw fee
N/A
Deposit fee
3.9
Max leverage
N/A
Min deposit
N/A
Top Regulators
ASIC
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AXITrader
- Withdraw feeN/A
- Deposit feeN/A
- Max LeverageN/A
Best For Instrument Specific Insights
Specialized trading accounts
Withdraw fee
0$
Deposit fee
4.2
Max leverage
1:400 (1:30 for EU)
Min deposit
0$
Top Regulators
FCA
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ActivTrades
- Withdraw fee0$
- Deposit fee0$
- Max Leverage1:400 (1:30 for EU)
Best Tradable Instruments
Free VPS hosting
Specialized trading accounts
Withdraw fee
$0
Deposit fee
3.6
Max leverage
1:500
Min deposit
$50
Top Regulators
ASIC, CYSEC
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FP Markets
- Withdraw fee$0
- Deposit fee$0
- Max Leverage1:500
Best High Tech Broker
Specialized trading accounts
Free VPS hosting
24/7 instant money withdrawal
Withdraw fee
N/A
Deposit fee
3.5
Max leverage
N/A
Min deposit
N/A
Top Regulators
CYSEC
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LiteFinance
- Withdraw feeN/A
- Deposit feeN/A
- Max LeverageN/A
Best For Low Spreads
Specialized trading accounts
24/7 instant money withdrawal
Withdraw fee
N/A
Deposit fee
3
Max leverage
N/A
Min deposit
N/A
Top Regulators
CYSEC
Add to compare list
Orbex
- Withdraw feeN/A
- Deposit feeN/A
- Max LeverageN/A
Best Gold Broker
Free VPS hosting
Specialized trading accounts
24/7 instant money withdrawal
Withdraw fee
N/A
Deposit fee
3.9
Max leverage
N/A
Min deposit
N/A
Top Regulators
ASIC
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MultiBank Group
- Withdraw feeN/A
- Deposit feeN/A
- Max LeverageN/A
Best Trading Conditions
Specialized trading accounts
Free VPS hosting
Withdraw fee
N/A
Deposit fee
3.9
Max leverage
N/A
Min deposit
N/A
Top Regulators
FSA
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AMarkets
- Withdraw feeN/A
- Deposit feeN/A
- Max LeverageN/A
Best For Online CFD Trading
Free VPS hosting
Specialized trading accounts
24/7 instant money withdrawal
Withdraw fee
N/A
Deposit fee
3.7
Max leverage
N/A
Min deposit
N/A
Top Regulators
ASIC
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Vantage FX
- Withdraw feeN/A
- Deposit feeN/A
- Max LeverageN/A
Best For Low Commissions
Free VPS hosting
24/7 instant money withdrawal
Specialized trading accounts
Withdraw fee
N/A
Deposit fee
3.9
Max leverage
N/A
Min deposit
N/A
Top Regulators
ASIC, BaFIN, CYSEC, FCA
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Pepperstone
- Withdraw feeN/A
- Deposit feeN/A
- Max LeverageN/A
Best Offer On Bonuses
Specialized trading accounts
Withdraw fee
N/A
Deposit fee
4.7
Max leverage
N/A
Min deposit
N/A
Top Regulators
No
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Best ECN Technology Broker
Free VPS hosting
24/7 instant money withdrawal
Specialized trading accounts
Withdraw fee
N/A
Deposit fee
4.1
Max leverage
N/A
Min deposit
N/A
Top Regulators
ASIC, FCA
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FXOpen
- Withdraw feeN/A
- Deposit feeN/A
- Max LeverageN/A
OANDA
trusted
US Clients
Exceptional Execution
US Clients
Scalping
Withdraw fee
N/A
Deposit fee
4
Max leverage
1:50
Min deposit
N/A
Top Regulators
CFTC, NFA
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Swap Free Accounts
Wide range of trading instruments
Affiliate Program
Withdraw fee
$0
Deposit fee
1.8
Max leverage
1:500
Min deposit
$10
Top Regulators
FCA
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Hantec Markets
- Withdraw fee$0
- Deposit fee$0
- Max Leverage1:500
Best For Experienced Investors
Best for Advanced Trader
Proprietary trading platform
Multiple regulations
Wide range of trading Instruments
Withdraw fee
No
Deposit fee
4
Max leverage
1:100
Min deposit
No
Top Regulators
ASIC, FCA, JFSA, CySEC, FINMA
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SAXO
- Withdraw feeNo
- Deposit feeNo
- Max Leverage1:100
Best For Stock and Crypto Trading
Specialized trading accounts
Withdraw fee
5$
Deposit fee
4.3
Max leverage
N/A
Min deposit
10$
Top Regulators
FINRA, ASIC, CYSEC, FCA
Add to compare list
eToro Australia
- Withdraw fee5$
- Deposit fee0$
- Max LeverageN/A
Start trading
Add to compare list
Risk Warning
Best User Friendly Broker
Specialized trading accounts
Withdraw fee
$0
Deposit fee
3.8
Max leverage
1:400
Min deposit
$100
Top Regulators
ASIC, CBI
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Free VPS hosting
Specialized trading accounts
24/7 instant money withdrawal
Withdraw fee
N/A
Deposit fee
4.1
Max leverage
N/A
Min deposit
N/A
Top Regulators
CYSEC, ASIC
Add to compare list
FBS
- Withdraw feeN/A
- Deposit feeN/A
- Max LeverageN/A
Best Secure Broker
Specialized trading accounts
Withdraw fee
N/A
Deposit fee
4.5
Max leverage
N/A
Min deposit
N/A
Top Regulators
FINMA
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Best For Biggest Offering of CFDs
Free VPS hosting
24/7 instant money withdrawal
Specialized trading accounts
Withdraw fee
N/A
Deposit fee
4
Max leverage
N/A
Min deposit
N/A
Top Regulators
CYSEC, FIU
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HotForex
- Withdraw feeN/A
- Deposit feeN/A
- Max LeverageN/A
Best For Contract Trading
Specialized trading accounts
Withdraw fee
N/A
Deposit fee
4
Max leverage
N/A
Min deposit
N/A
Top Regulators
VFSC
Add to compare list
Withdraw fee
N/A
Deposit fee
3.8
Max leverage
1:500
Min deposit
100$
Top Regulators
FSP
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FreshForex
Bonus
Cashback - Freshforex
Best For Trading Without Min Deposit
Specialized trading accounts
Free VPS hosting
Withdraw fee
N/A
Deposit fee
3.8
Max leverage
N/A
Min deposit
N/A
Top Regulators
KROUFR
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FreshForex
- Withdraw feeN/A
- Deposit feeN/A
- Max LeverageN/A
Best STP Broker
Free VPS hosting
Withdraw fee
N/A
Deposit fee
3.9
Max leverage
N/A
Min deposit
N/A
Top Regulators
FSC
Add to compare list
Best For Active Traders
Specialized trading accounts
Withdraw fee
N/A
Deposit fee
4.3
Max leverage
N/A
Min deposit
N/A
Top Regulators
ASIC, FSC, CYSEC, SIBA
Add to compare list
Islamic Account
Multiple Account Types
High Leverage
Withdraw fee
$0
Deposit fee
1.8
Max leverage
500
Min deposit
$50
Top Regulators
No
Add to compare list
ForexEE
- Withdraw fee$0
- Deposit fee$0
- Max Leverage500
Best For Auto Trading
Specialized trading accounts
Free VPS hosting
24/7 instant money withdrawal
Withdraw fee
N/A
Deposit fee
4.5
Max leverage
N/A
Min deposit
N/A
Top Regulators
FCA
Add to compare list
FxGiants
- Withdraw feeN/A
- Deposit feeN/A
- Max LeverageN/A
Withdraw fee
N/A
Deposit fee
4.3
Max leverage
N/A
Min deposit
N/A
Top Regulators
N/A
Add to compare list
No minimum deposit
No inactivity fee
Financial Times Subscription
WebTrader Platform
Trading Education
Withdraw fee
$0
Deposit fee
2.9
Max leverage
1:30
Min deposit
$0
Top Regulators
FCA
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SpreadEX
- Withdraw fee$0
- Deposit fee$0
- Max Leverage1:30
Wide range of trading platforms
Multilingual support
Negative balance protection
Withdraw fee
$0
Deposit fee
2.7
Max leverage
1:50
Min deposit
$250
Top Regulators
MFSA
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FXDD
- Withdraw fee$0
- Deposit fee$0
- Max Leverage1:50
Best Execution On Transactions
24/7 instant money withdrawal
Withdraw fee
N/A
Deposit fee
4.3
Max leverage
1:500
Min deposit
20 USD
Top Regulators
FIU
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Challenge4trading
Bonus
10% on a first deposit
Proprietary Trading
Proprietary Trading
Social trading
Provide API
Withdraw fee
No
Deposit fee
3.5
Max leverage
1:200
Min deposit
150 Euro
Top Regulators
No
Add to compare list
Challenge4trading
- Withdraw feeNo
- Deposit feeNo
- Max Leverage1:200