Last update: 2 June 2020
5 min read

The Best Forex Brokers in Australia 2020

Finding the best forex brokers in Australia can seem like a difficult task, especially for beginner traders. Luckily, here at TopRatedForexBrokers, we do the hard work for you.

Our team of experts have reviewed hundreds of forex brokers based in Australia, to create a conclusive list of the best sites for traders down under. We’ve also identified the most important things Australian forex brokers must offer to ensure you receive a superior trading experience.

This includes an ASIC license, excellent customer support in local hours and compatibility with Australian banking services. Our top Australian forex brokers also offer competitive spreads on AUD pairs and updates during the Asian trading session, which overlaps with Sydney trading hours.

By meeting our specific list of criteria, you can rest assured that the brokers recommended here are reputable and well-suited to your needs as an Australian forex trader.

You can also use this page to:

  • Discover what bonuses the best forex brokers in Australia offer
  • Learn more about the regulation of forex trading in Australia
  • Identify what exactly makes for a great Australian forex broker

Our list of the best forex brokers in Australia are:

  • Forex.com
  • Alpari
  • Pepperstone
  • FP Markets
  • AVA Trade
  • FBS
  • easyMarkets
  • HYCM

Best and most trusted forex brokers in August 2020

All the brokers below have been ranked using our tested methodology and are available in: Australia
Advertiser disclosure Information
96.5
Points
Users
Used by
60+ Traders
Min. Deposit
$50
Bonus
No Information
Trading Instruments
60+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
Market Maker
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
No Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Check Private
Help!
Exit tooltip
Deposit Methods
Bank Transfer, Visa, Mastercard, Skrill, Netseller, Union Pay
Min. Spread
1.3pips
Max. Leverage
400:1*
Currency Pairs
39
Regulated By
FCAFCA
FSCAFSCA
ASICASIC
Customer Support
24/7
97
Points
Users
Used by
200,000+ Traders
Min. Deposit
$100
Bonus
Check Website
Trading Instruments
4,500+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
Market Maker, DMA
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Deposit Methods
Wire Transfer, Bank Transfer, Credit or Debit Cards, PayPal
Min. Spread
0.8pips
Max. Leverage
400:1*
Currency Pairs
91
Regulated By
FCAFCA
ASICASIC
CIMACIMA
IIROCIIROC
Customer Support
24/5
95
Points
Users
Used by
2,000,000+ Traders
Min. Deposit
$5
Bonus
Cashback
Trading Instruments
90+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
STP, ECN
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Deposit Methods
Credit/Debit cards, Bank Wire, E-Wallets, Localized Solutions
Min. Spread
1.2pips
Max. Leverage
1:1000
Currency Pairs
60
Regulated By
Customer Support
24/5
90
Points
Users
Used by
Traders
Min. Deposit
$200
Bonus
n/a
Trading Instruments
150+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
ECN
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Deposit Methods
Visa, MasterCard, Bank transfer, POLi, BPay, PayPal, Neteller, Skrill, Union Pay
Min. Spread
1pips
Max. Leverage
500:1
Currency Pairs
61
Regulated By
FCAFCA
ASICASIC
Customer Support
24/5
95
Points
Users
Used by
Traders
Min. Deposit
$100
Bonus
N/A
Trading Instruments
10,000+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
ECN, STP and DMA
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Deposit Methods
Credit/Debit Card, Bank Wire, Skrill, PayPal, Neteller, plus localized solutions
Min. Spread
1.1pips
Max. Leverage
500:1*
Currency Pairs
61+
Regulated By
CySecCySec
ASICASIC
Customer Support
24/5

What is the regulation in Australia Forex brokers?

Different countries have their own national regulatory bodies. Called agencies or authorities, these are specialized bodies of government or parts of the independent local regulation system. To protect the brokers and the traders at once, the Australian financial services market has been collaborating with the following regulatory agencies.

The Australian Securities and Investments Commission is the main regulatory body for financial services, markets and platforms in Australia and, in most cases, you will see it by its abbreviation ASIC. This is the agency to which any potential Australian Forex broker must refer to get the necessary license to operate on the market.

The Australian Securities and Investments Commission also regulates personal data protection and manages the generation of smooth financial transactions. Last, but not least, the Reserve Bank of Australia has delegated its control to authorised money market dealers and foreign exchange dealers by putting Australian Securities and Investments Commission in charge to observe how properly they work.

  • Australian Prudential Regulator Authority

Known by the short name APRA, Australian Prudential Regulator Authority has several rights to manipulate and directly perform on license procedures, as well as in the supervision of the Authorised Deposit-taking Institutions (ADIs). Many disputes by ordinary customers of Australian Forex brokers are handled by Australian Prudential Regulator Authority, too!

  • Australian Competition Consumer Commission

The Australian Competition Consumer Commission controls and bans anti-competitive behaviour of an Australian Forex broker, too. This commission is an independent one, but it has many additional rights as to the security in Australian Forex brokers, too. Alongside with the two mentioned above agencies, ACCC does form the triple regulation process in Australian Forex brokers.

How to choose a decent Australia Broker?

If you find numerous Australia Forex brokers with at least one of the mentioned above agencies for regulation, you can be sure that safety factor is provided for your financial trading. But what should be the rest of your criteria, when choosing such a broker? Find out now how to find a decent and reliable Australia Forex brokers now and with us. These should be the features that must present in each trading websites based in Australia you are thrilled about:

  • Good reputation and experience in the field will protect your doubts whether this is a really trustworthy place to invest your money and to invest your trading time in.
  • Perfect customer support, on the other side, is important for all those moments you are simply not able to orient in the website or in some of its trading features and categories.
  • Good bonus system with amazing offers to make your financial trading activity more decent, interactive and entertaining.
  • As a beginner in the field, you will have to gain some additional experience and knowledge form a broker. Make sure that you look for all those best Forex brokers Australia, where there is a learning centre, as well as FAQ category and demo account, which is a free chance for gaining some good practice.
  • An abundance of trading instruments and helping functions on the website will help you become a better trader quite fast. Most Australian Forex brokers do provide these things, so view them, as well.
  • Powerful trading platform with decent instruments included in it. Do not forget that the trading software is the main key element in a broker platform, as well as for your trading experience on the website.

Join an Australian Forex broker, if this kind of brokers do suit your needs and tell us what you think about it later on mandatory!

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