Risk Warning: Your capital is at risk. Statistically, 74-89% of customers lose their investment. Invest in capital that is willing to expose such risks.

Best Forex Brokers in Australia

Australia has one of the highest standards of regulations and a great trading environment. Australian Securities and Investments Commission (ASIC) is a tier 1 regulation that oversees many international brokers. The following are some of the best brokers you can start trading with in Australia.

Order by
41eToro AustraliaBest For Stock and Crypto TradingMin deposit $50Max leverage NoRegulated by ASIC, FINRA, CySEC +1Add to compare listRating 4.3 / 5Start trading
Pros, cons & fees
Specialized trading accountsRead review
Pros

  • User-Friendly Trading Experience

  • Innovative Social Trading Features

  • Regulated and Secure Platform

Cons

  • Limited Advanced Trading Tools and Customization

  • Presence of Non-Trading Fees

  • Limited Research and Educational Resources

Withdrawal fee 5$Deposit fee 0$ (conversion fees apply)
42ACY.comBonus60% welcome bonusBest Multi Asset CFD BrokerMin deposit 50$Max leverage 1:500Regulated by ASIC, FSA (SV)Add to compare listRating 4.2 / 5Start trading
Pros, cons & fees
Specialized trading accounts24/7 instant money withdrawalRead review
Pros

  • Multiregulated Broker: ACY operates under multiple regulatory jurisdictions, including ASIC, FSA (SV), Jordan Regulation, SVG, and FSCA.

  • Extensive Tradable Assets: ACY offers a vast selection of over 1,600 tradable products, allowing traders to diversify their portfolios.

  • Customer Support and Trader Education: ACY provides an extensive training portal, offering educational resources and support for traders at all levels of experience.

Cons

  • Commission-Based Trading Fees: The commission is only applicable to the ProZero account, which offers very low spreads. The commission is $3 per lot per round, with no additional trading fees during trading.

  • Slightly High Spreads on Standard Account: While ACY's standard account spreads are slightly higher than the industry average, the ProZero account offers lower spreads.

Withdrawal fee $0Deposit fee $0
43FP Trading Investor protectionFree VPS HostingMin deposit $50Max leverage 1:500Regulated by ASIC, CySEC, FIU +2Add to compare listRating 4.1 / 5Start trading
Pros, cons & fees
Free VPS hostingSpecialized trading accountsRead review
Pros

  • Excellent customer support with 24/7 availability

  • Competitive spreads and fast execution speeds

  • Comprehensive educational resources including webinars and video tutorials

Cons

  • Limited range of tradable assets compared to some competitors

  • Higher minimum deposit for certain account types

  • No proprietary mobile app (relies on MT4/cTrader mobile)

Withdrawal fee $0Deposit fee $0
44CapitalcoreBinary Options and CFD TradingMin deposit $10Max leverage 1:2000Regulated by iFSAAdd to compare listRating 4.1 / 5Start trading
Pros, cons & fees
Free VPS hosting24/7 Customer ServiceVery High LeverageRead review
Pros

  • Ultra-High Leverage: Capitalcore offers one of the highest leverage in the industry. Traders can get much bigger positions with 1:2000 leverage when trading with Classic accounts.

  • Swap-Free Accounts & No Hidden Fees: The broker does not charge overnight swap interest or trading commissions on any instrument. The company also does not charge inactivity fees, withdrawal fees, and deposit fees unlike other brokers.

  • Binary Options and CFD Trading Options: Trade 35+ forex pairs, major stock indices, metals, cryptos, and even binary options.

Cons

  • Offshore Regulation: Capitalcore is not regulated by a tier -1 regulator. The company operates under an offshore IFSA regulation in St. Vincent & the Grenadines.

  • No MT4/MT5 or cTrader Support: The broker only offers proprietary platforms, with no MetaTrader or other third-party platforms for those who prefer industry-standard software or automated EA trading.

  • Limited Number of Tradable Assets: Capitalcore lacks many tradable assets. For example, the broker does not offer ETFs and only has limited commodities like no agricultural products.

Withdrawal fee $0Deposit fee $0
45VentorusUp To 1:400 LeverageMin deposit $250Max leverage 1:400Regulated by MISAAdd to compare listRating 4.1 / 5Start trading
Pros, cons & fees
Proprietary Trading PlatformAdvanced Analytical ToolsRead review
Pros

  • Ventorus offers multiple account types, allowing traders to choose an account that fits their specific needs and experience levels.

  • With a maximum leverage of up to 1: 400, traders can control larger positions with smaller amounts of capital, which can significantly amplify potential profits.

  • The broker provides low spreads, starting at an impressively low 0.03 pips, ensuring cost-effective trading conditions.

Cons

  • Ventorus is that it is not regulated by a tier-one financial regulator.

  • Additionally, the platform lacks educational materials, which can be a significant drawback for beginners who need guidance.

  • Ventorus does not support MetaTrader 4 and MetaTrader 5 platforms, which are popular among traders for their advanced features.

Withdrawal fee 3.5% or 30 USDDeposit fee No
46FBSFree VPS HostingRegulated by CySEC, ASICAdd to compare listRating 4.1 / 5Start trading
Pros, cons & fees
Free VPS hostingSpecialized trading accounts24/7 instant money withdrawalRead review
Pros

  • Regulated Broker

  • Competitive Spreads

  • User-Friendly MT4 Platform

Cons

  • Limited Platform Options

  • Mixed Reviews on Customer Support

  • Withdrawal Delays

47BDSwiss1:2000 Max LeverageMin deposit $10Max leverage 1:2000Regulated by CySEC, FSC, FSA +2Add to compare listRating 4.1 / 5Start trading
Pros, cons & fees
Low Minimum DepositMultiple Account TypesSocial tradingRead review
Pros

  • Wide Range of Instruments

  • Multiple Account Types

  • Competitive Spreads and Fees

Cons

  • Geographical Restrictions

  • No Copy Trading

Withdrawal fee $0Deposit fee $10
48UnitedPipsBonus40% deposit bonus40 % bonusMin deposit $10Max leverage 1:1000Regulated by NoAdd to compare listRating 4.1 / 5Start trading
Pros, cons & fees
Specialized trading accountsPayPay for depositRead review
Pros

  • High leverage options (up to 1: 1000) for experienced traders.

  • Multiple account types to suit different trading needs.

  • User-friendly platforms, including mobile trading.

Cons

  • Limited information on regulatory licensing and oversight.

  • Located in St. Lucia, a jurisdiction that may raise regulatory concerns.

  • Lack of detailed information on fees or additional charges.

Withdrawal fee $0Deposit fee $0
49Mirrox Broker24/7 SupportMin deposit $250Max leverage 1:400Regulated by MISAAdd to compare listRating 4.1 / 5Start trading
Pros, cons & fees
Specialized trading accountsAffiliate ProgramRead review
Pros

  • One of the main advantages of Mirrox is the variety of account types it offers. This allows traders to choose an account that fits their trading experience and style, from beginners to more advanced users.

  • Mirrox provides a maximum leverage of up to 1: 400, which can be appealing for those who want to maximize their trading opportunities. This high leverage enables traders to control larger positions with a smaller investment, though it’s important to remember that it also increases the risk.

  • The broker ensures multiple ways to reach support, including live chat, email, and phone. This accessibility is bolstered by 24/7 availability, meaning traders can get help whenever they need it, regardless of their time zone.

Cons

  • Mirrox does not currently offer a mobile trading app, which could be inconvenient for traders who prefer to manage their trades on the go.

  • The platform lacks social or copy trading features, which are popular among traders who like to follow or mirror more experienced traders' strategies.

  • Mirrox operates with a single trading platform (WebTrader), which might not appeal to traders who prefer using other popular platforms like MetaTrader 4 or 5. The lack of platform choice can be limiting for those who are used to other trading software or want to try different interfaces.

Withdrawal fee 3.5%Deposit fee $0
50AirMarketsMobile Trading PlatformRegulated by NoAdd to compare listRating 4.1 / 5Start trading
Pros, cons & fees
350+ Tradable AssetsRead review
Pros

  • 350+ Tradable CFDs: Access to forex, stocks, indices, cryptocurrencies, commodities, and metals.

  • Mobile and Desktop Trading Apps: AirMarkets both mobile and web trading applications.

  • Fusion Indices: Specialized gold, silver, and palladium indices provide additional market exposure (learn more on broker’s website).

Cons

  • Offshore Regulation: The broker operates through a Comoros entity under MISA, which provides a different level of regulatory protection from major regulators such as the FCA, ASIC, or CySEC.

  • Limited Public Trading Conditions: Minimum deposits, spreads, leverage, and detailed account conditions are not clearly displayed on the current public website.

  • Limited Track Record: The broker is a new entrant to the market. Therefore, not a lot of information is available about it.

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Our ranking methodology and selection process