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
71Grand CapitalBonus40% deposit bonusFree VPS HostingMin deposit $10Max leverage 1:100Regulated by FSA, FSA (SV)Add to compare listRating 4 / 5Start trading
Pros, cons & fees
Specialized trading accounts24/7 instant money withdrawalLow minimum depositRead review
Pros

  • Competitive Minimum Deposit: The minimum deposit required to open an account with Grand Capital is $10, a relatively low minimum deposit in the industry.

  • All-Inclusive Educational Resources: Grand Capital provides educational resources for traders of all levels. The broker has webinars, video tutorials, and publications that cater to different trading needs.

  • Flexible Leverage: Grand Capital stands out with its flexible leverage options ranging from 1:1 to 1:2000. This flexibility allows traders to manage their risk and exposure according to their trading strategy.

Cons

  • Weak Regulation and Licensing: The financial market is subject to many regulatory bodies, and the more license brokers can boast of, the more credible they appear. Unfortunately, Grand Capital is not as licensed as many top brokers in the financial market.

  • Limited Trading Platforms: Grand Capital only has three trading platforms; MT4, MT5, and Grand Trade.

Withdrawal fee $0Deposit fee $0
72SwissquoteBonus€100 cashbackBest Secure BrokerRegulated by FINMAAdd to compare listRating 3.9 / 5Start trading
Pros, cons & fees
Specialized trading accountsRead review
Pros

  • Regulated and licensed by multiple financial authorities

  • Offers a wide range of assets for trading

  • Provides advanced trading tools and platforms

Cons

  • Does not accept clients from some countries, including the United States

  • Has high minimum deposit requirements

  • Has limited leverage compared to some other brokers

73TickmillBonusWelcome Account by TickmillBest For High Balance TradersRegulated by FCA, FSAAdd to compare listRating 3.9 / 5Start trading
Pros, cons & fees
Free VPS hostingSpecialized trading accountsRead review
Pros

  • Regulated by multiple authorities, including FCA and CySEC

  • Low minimum deposit requirement

  • Offers a wide range of trading instruments, including cryptocurrencies

Cons

  • No social trading platform or copy trading feature

  • No fixed spreads are available

  • Limited options for account funding and withdrawal

74HotForexBonusRefer a Friend Program by HotForexBest For Biggest Offering of CFDsRegulated by CySEC, FIUAdd to compare listRating 3.9 / 5Start trading
Pros, cons & fees
Free VPS hosting24/7 instant money withdrawalSpecialized trading accountsRead review
Pros

  • Multiple regulatory bodies regulate it.

  • Low spreads starting from 0.1 pips.

  • High leverage of up to 1: 1000 for professional clients.

Cons

  • Does not accept clients from the USA, Canada, Sudan, Syria, and North Korea.

  • Hot Forex's trading fees are slightly higher than average industry rates.

  • HFcopy requires a minimum investment of 300 EUR, often considered steep.

75xChief (ex. ForexChief)BonusNo-Deposit Bonus by xChiefBest For Contract TradingRegulated by VFSC, ASIC, MISAAdd to compare listRating 3.9 / 5Start trading
Pros, cons & fees
Specialized trading accountsRead review
Pros

  • Low minimum deposit requirement of $10 across all account types.

  • Beneficial trading terms such as low trade volume, starting at 0.01 lots, and tight spreads, starting from 0 pips.

  • Availability of multiple payment methods for deposits and withdrawals without any fees from the Broker's end.

Cons

  • Non-compliance with ESMA leverage capping may not be suitable for traders looking for low-risk options.

  • Unclear compensation levels in case of any mishap, with each case being reviewed separately.

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76Trading.comBonus$100 no-deposit bonus0-Pip EUR/USD SpreadsMin deposit $5Max leverage 1:30Regulated by FCA, CFTC, NFAAdd to compare listRating 3.9 / 5Start trading
Pros, cons & fees
Variety of Trading InstrumentsWebTrader PlatformSimple RegistrationRead review
Pros

  • Trading.com stands out for its competitive spreads, allowing traders to access markets at favorable pricing.

  • The platform offers user-friendly trading platforms, notably the MetaTrader 5 terminal, facilitating a smooth trading experience.

  • Traders can access a decent array of tradable instruments, including Forex, stocks, commodities, indices, metals, and energies.

Cons

  • Trading.com's trading platform options are limited, offering only the MetaTrader 5 (MT5) platform for traders.

  • The platform's educational resources are relatively limited, potentially leaving traders seeking more comprehensive learning materials.

  • Trading.com is exclusively available to clients within the United Kingdom, limiting its accessibility to a global audience.

Withdrawal fee $0Deposit fee $0
77Markets.comBest For Forex, Gold & CFD TradingRegulated by CySEC, AMFAdd to compare listRating 3.9 / 5Start trading
Pros, cons & fees
Specialized trading accountsRead review
Pros

  • Thorough Regulation and License: markets.com is licensed and regulated by 5 reputable watchdogs. This further strengthens the broker's credibility as a financial service provider.

  • Markets.com is not your regular broker, with its blend and IPO offerings. These additional offerings put the broker in a league of its own.

  • Sleek Proprietary Trading Platform: Besides its MT4 and MT5 trading platforms, the broker has its own customized trading platforms, which excel in every regard as the more popular trading platforms.

Cons

  • Inactivity Charges: Traders must pay a fee of $10 per month after 90 days of no trading inactivity on markets.com.

  • No Customer Support Service on Weekends: Since trading is 24/7, it's only ideal that the customer support service is also available 24/7 so clients can resolve their complaints quickly.

78Capital Index Investor protection180+ Tradable InstrumentsMin deposit $100Max leverage 1:200Regulated by FCA, SCBAdd to compare listRating 3.9 / 5Start trading
Pros, cons & fees
Top Tier Regulations180+ Tradable InstrumentsRead review
Pros

  • Top tier regulators like CySEC, FSCS, and FCA

  • Variety of trading accounts with different spreads and leverage options

  • Diverse range of assets.

Cons

  • Only available to the UK residents.

  • Inactivity fees apply to dormant accounts

  • Higher spreads on standard accounts

Withdrawal fee $0Deposit fee $0
79Interactive BrokersBonusRefer a Friend Program by Interactive BrokersBest For Day TradersRegulated by FCA, CFTC, NFA +1Add to compare listRating 3.9 / 5Start trading
Pros, cons & fees
24/7 instant money withdrawalRead review
Pros

  • Unparalleled Market Access

  • Competitive Pricing

  • Advanced Trading Tools

Cons

  • Steep Learning Curve

  • Customer Service Could Be Better

80AetosRegulated by FCA and ASICMin deposit $250Max leverage 1:200Regulated by ASIC, FCAAdd to compare listRating 3.9 / 5Start trading
Pros, cons & fees
BonusesCommission Free TradingAffiliate ProgramRead review
Pros

  • Strong regulatory compliance

  • Competitive trading conditions

  • Robust educational resources

Cons

  • Limited offerings for cryptocurrency

  • Higher-than-average minimum deposits on some accounts

  • Lack of MetaTrader 5 platform

Withdrawal fee No FeesDeposit fee No Fees

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Our ranking methodology and selection process