10 Best Forex Brokers in Australia

The 10 Best Forex Brokers in Australia revealed. We have rated and reviewed the best Forex Brokers accepting Australian Traders.

In this in-depth guide, you’ll learn:

• 10 Best Forex Brokers in Australia
• Account Types and Trading Platforms
• Is Forex Trading Legal in Australia?

and much, MUCH more!

10 Best Forex Brokers in Australia (2025)

1. ☑️ Pepperstone – Overall, The Best Forex Broker in Australia
2. ☑️ BlackBull Markets – Best ECN Forex Broker
3. ☑️ Vantage Fx – Best Forex Affiliate Program
4. ☑️ FP Markets – Best Multi-Asset Forex Broker
5. ☑️ IC Markets – Best CFD Forex Broker
6. ☑️ eToro – Best Social and Copy Trading Platform
7. ☑️ Eightcap – Best Crypto Broker
8. ☑️ AvaTrade – Best Forex Broker for Beginners
9. ☑️ IG – Best Low-Cost Forex Broker
10. ☑️ CMC Markets – Best Spread Betting Service

Pepperstone

Pepperstone is a globally recognized forex and CFD broker founded in Melbourne, Australia in 2010. Known for its low spreads, fast execution, and institutional-grade trading conditions, Pepperstone caters to both retail and professional traders worldwide.

The broker supports MetaTrader 4, MetaTrader 5, cTrader, and TradingView—ideal for traders who value flexibility. Pepperstone provides two main Razor (low spread, commission-based) and Standard (spread-only) accounts.

★★★★★

Minimum Deposit: $200 Regulated by: ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB Crypto: Yes

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Frequently Asked Questions

Can I open a Pepperstone account from Australia?

Yes. As an Australian-founded broker regulated by ASIC, Pepperstone welcomes Australian residents and provides local support and services tailored to them.

What trading platforms does Pepperstone offer?

Pepperstone supports several advanced platforms: MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, and TradingView.

Does Pepperstone offer Islamic (swap-free) accounts?

Yes. Swap-free (Islamic) accounts are available upon request, suitable for traders who wish to avoid overnight interest by Sharia law.

Does Pepperstone offer demo accounts?

Yes. A free demo account is available for testing platforms and strategies in a risk-free environment.

Our Insights

Pepperstone, originating and regulated in Australia, is a trustworthy choice for traders both domestically and worldwide, thanks to its strong regulatory framework, competitive pricing, and diverse selection of trading platforms, ensuring a high-quality trading experience.

BlackBull Markets

​BlackBull Markets is a New Zealand-based forex and CFD broker established in 2014, offering services to traders in Australia and globally.

The broker supports MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, and TradingView, catering to various trading preferences.  BlackBull Markets offers ECN Standard (no minimum deposit), ECN Prime (from $2,000), and ECN Institutional (from $20,000), accommodating traders from beginners to professionals.

★★★★

Minimum Deposit: $0 Regulated by: FMA Crypto: Yes

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Frequently Asked Questions

Can Australians trade with BlackBull Markets?

Yes. Australian residents can legally open and trade accounts with BlackBull Markets, although the broker is not regulated by ASIC.

What trading platforms does BlackBull Markets offer?

BlackBull supports a variety of platforms: MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, and TradingView.

What types of accounts are available?

BlackBull Markets offers three main account types: ECN Standard, ECN Prime, and ECN Institutional.

Does BlackBull Markets offer a demo account?

Yes. You can sign up for a free demo account to test the platform and trading environment with virtual funds before risking real money.

Our Insights

Its wide range of account types, fast execution speeds, and support for both retail and institutional clients make it an attractive choice for traders seeking flexibility and professional-grade trading conditions.

Vantage Fx

Vantage Fx Markets is a globally recognized forex and CFD broker founded in 2009 and headquartered in Sydney, Australia.

The broker offers access to MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, catering to various trading styles and experience levels. Vantage Fx Provides Standard STP accounts with no commission and Raw ECN accounts with low spreads and commission-based pricing, suitable for different trader preferences.

★★★★

Minimum Deposit: $50 Regulated by: CIMA, VFSC, FSCA, ASIC Crypto: Yes

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Frequently Asked Questions

Is it safe to trade with Vantage Fx in Australia?

Yes. Vantage Fx holds client funds in segregated accounts with top-tier Australian banks, complies with ASIC regulations, and uses secure platforms for all transactions.

What platforms does Vantage Fx offer?

Vantage Fx supports: MetaTrader 4 (MT4), MetaTrader 5 (MT5), and WebTrader and mobile trading apps.

Does Vantage FX offer demo accounts?

Yes. Free demo accounts are available for both MT4 and MT5 with virtual funds, allowing you to practice without risk.

What leverage is available?

For retail traders in Australia, leverage is capped at 1:30 by ASIC regulations. Pro clients may access higher leverage upon qualification.

Our Insights

With access to industry-leading platforms like MT4 and MT5, a choice of account types, and a broad range of tradable instruments, Vantage Fx is a competitive and trustworthy choice for those looking to trade in compliance with Australian financial standards.

FP Markets

FP Markets is a well-established Australian forex and CFD broker, founded in 2005 and headquartered in Sydney.

The broker Offers both Standard Accounts with no commission and Raw Accounts featuring spreads from 0.0 pips with a fixed commission, suitable for different trader preferences, and Access to industry-leading platforms such as MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, Iress, and TradingView, catering to various trading styles and experience levels.

★★★★★

Minimum Deposit: $100 Regulated by: ASIC, CySEC, FSCA, FSA, FSC, CMA Crypto: Yes

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Frequently Asked Questions

What account types does FP Markets offer?

FP Markets provides two main forex account types on MT5: Standard Account and Raw Account.

Which trading platforms can I use?

You can trade via: MetaTrader 4 & MetaTrader 5, cTrader, WebTrader, Iress, and TradingView.

What is the minimum deposit to open an account?

You can open a live FP Markets account from USD 100 for MetaTrader platforms, with the same requirement for both Standard and Raw accounts.

Are Islamic (swap-free) accounts available?

Yes. You can convert any MT4 or MT5 Standard or Raw account to an Islamic (swap-free) account by emailing support, subject to compliance checks.

Our Insights

FP Markets is a well-regulated broker in Australia offering competitive trading conditions with a range of account types and platforms suitable for both beginners and professional traders. It’s an ideal choice for traders seeking a secure and comprehensive trading environment with flexibility.

IC Markets

​IC Markets is a leading Australian-based online broker founded in 2007, specializing in Forex and CFD trading.

The broker supports popular trading platforms including MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader, catering to various trading preferences. IC Markets provides multiple account types, including Raw Spread and Standard accounts, to accommodate different trading strategies.

★★★

Minimum Deposit: $200 Regulated by: FSA Crypto: Yes

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Frequently Asked Questions

What is IC Markets?

IC Markets is an Australian-based online broker founded in 2007, specializing in Forex and CFD trading. It operates under the regulatory oversight of the Australian Securities and Investments Commission (ASIC).

What account types does IC Markets offer?

IC Markets provides two main account types: Standard Account and Raw Spread Account.

What is the minimum deposit required?

The minimum deposit to open an account is USD 200 or the equivalent in other currencies.

What trading platforms does IC Markets offer?

IC Markets supports popular trading platforms including MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader, catering to various trading preferences.​

Our Insights

IC Markets is a globally recognized broker based in Australia, known for its low trading costs, advanced platforms (MT4, MT5, cTrader), and strong regulatory oversight by ASIC. With 24/7 support, secure fund handling, and transparent pricing, IC Markets stands out as a trusted choice for traders seeking a reliable and competitive trading environment.

eToro

​eToro is a global multi-asset investment platform renowned for its user-friendly interface and innovative social trading features.

The broker’s unique CopyTrader feature allows users to replicate the trades of experienced investors, making it particularly appealing to beginners seeking guidance. eToro offers Australian investors a comprehensive trading platform with a wide array of assets and innovative social trading features.

★★★★

Minimum Deposit: $200 Regulated by: FCA, CySEC, MFSA, ADGM, ASIC, FSAS, FinCEN Crypto: Yes

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Frequently Asked Questions

Is eToro regulated in Australia?

Yes, eToro operates in Australia under eToro AUS Capital Limited, which is regulated by the Australian Securities and Investments Commission (ASIC).

What is the minimum deposit required to start trading?

The minimum first-time deposit for Australian users is USD 50.

What is eToro’s CopyTrader feature?

CopyTrader allows you to replicate the trading strategies of experienced investors on the platform.

Does eToro offer a Demo account?

Yes, eToro offers a demo account with $100,000 in virtual funds.

Our Insights

eToro offers Australian investors a modern, easy-to-use trading platform with access to a wide range of financial instruments and a unique social trading experience through its CopyTrader feature. It remains a popular choice for those seeking a mix of traditional investing and innovative trading tools.

Eightcap

​Eightcap is an Australian-based forex and CFD broker established in 2009, offering a wide range of trading instruments and platforms to clients both in Australia and internationally.

Clients have access to the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, as well as integration with TradingView, catering to various trading preferences. For Australian retail clients, leverage is capped at 30:1 under ASIC regulations, promoting responsible trading practices.

★★★★

Minimum Deposit: $100 Regulated by: ASIC, FCA, CySEC, SCB Crypto: Yes

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Frequently Asked Questions

What account types does Eightcap offer?

Eightcap provides two main account types: Standard Account and Raw Account.

What trading platforms are available?

Eightcap supports: MetaTrader 4 (MT4) and MetaTrader 5 (MT5), and TradingView.

What leverage options are available?

For Australian retail clients, leverage is capped at 30:1 by ASIC regulations. Professional clients may access higher leverage levels upon meeting specific criteria.

Is there a demo account available?

Yes, Eightcap offers a demo account with $100,000 in virtual funds, allowing users to practice trading strategies without risking real money.

Our Insights

Its commitment to transparency, local support, and crypto CFD offerings makes it a solid choice for Australian residents seeking a reliable and feature-rich trading environment.

AvaTrade

AvaTrade is a globally recognized forex and CFD broker, established in 2006, with a strong presence in Australia.

Traders have access to a variety of platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), the proprietary AvaTradeGO mobile app, and AvaOptions for options trading. Following ASIC regulations, AvaTrade caps leverage at 30:1 for retail clients. Additionally, they offer fixed spreads and commission-free trading, with the convenience of supporting AUD as a base currency for accounts.

★★★★★

Minimum Deposit: $100 Regulated by: CBI, BVI, FSC, ASIC, FSCA, JFSA, FFAJ Crypto: Yes

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Frequently Asked Questions

What account types does AvaTrade offer?

AvaTrade provides a standard trading account suitable for both beginner and experienced traders. Additionally, they offer a free demo account, allowing users to practice trading strategies without risking real funds.

What trading platforms are available?

AvaTrade supports several trading platforms, including​ MetaTrader 4 (MT4) and MetaTrader 5 (MT5), AvaTradeGO, WebTrader, AvaOptions, DupliTrade, and AvaSocial.

What is the minimum deposit amount?

The minimum deposit required to open an AvaTrade trading account in Australia is AUD $100.

Is there a demo account available?

Yes, AvaTrade offers a free demo account with virtual funds, allowing traders to practice and familiarize themselves with the platform before committing real money.​

Our Insights

AvaTrade is a well-established, ASIC-regulated broker that offers Australian traders a secure and versatile trading experience across a broad range of assets and platforms. With low entry requirements, fixed spreads, multiple platform options (including MT4/MT5, AvaTradeGO, and AvaOptions), and strong educational resources, AvaTrade is especially suitable for beginners and intermediate traders.

IG

​IG is a prominent Australian broker, regulated by the Australian Securities and Investments Commission (ASIC), offering a comprehensive suite of trading services for both retail and professional clients.

The broker provides access to its proprietary platform, MetaTrader 4 (MT4), ProRealTime, and L2 Dealer for direct market access (DMA), catering to traders of all experience levels. Clients can choose between CFD and share trading accounts. Professional traders may qualify for an IG Pro account, offering enhanced leverage and reduced margin requirements.

★★★

Minimum Deposit: $250 Regulated by: FCA, ASIC, CFTC, NFA, BaFin Crypto: Yes

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Frequently Asked Questions

What platforms can I use to trade with IG?

IG offers several trading platforms: IG Trading Platform, MetaTrader 4 (MT4), ProRealTime, L2 Dealer, and TradingView.

Is there a demo account available?

Yes, IG offers a free demo account with virtual funds, allowing users to practice trading strategies without risking real money.

What leverage is available?

Retail clients are subject to leverage limits set by ASIC, with a maximum of 30:1 for forex trading. Professional clients may access higher leverage levels upon meeting specific criteria.

What account types does IG offer?

IG provides two main account types: a CFD Account and a Share Trading Account.

Our Insights

The broker’s solid educational resources, low minimum deposit, and competitive fees make it an attractive option for Australian traders. While leverage for retail clients is capped due to ASIC regulations, the overall trading experience, including a demo account and excellent customer support, positions IG as a reliable and trusted choice for those in the Australian market.

CMC Markets

​CMC Markets is a prominent Australian broker offering a comprehensive range of trading services, including CFDs, forex, and share trading.

Clients have access to the Next Generation platform, known for its advanced charting tools, risk management features, and user-friendly interface. Additionally, MetaTrader 4 (MT4) is available for forex and CFD trading. CMC Markets offers various account types, including standard and professional accounts, catering to both retail and experienced traders.

★★★★★

Minimum Deposit: $0 Regulated by: BaFin, FCA, ASIC, MAS, FMA, IIROC, DFSA Crypto: Yes

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Frequently Asked Questions

What account types does CMC Markets offer?

CMC Markets provides two main account types: CFD Account and Share Trading Account.

What platforms can I use to trade with CMC Markets?

CMC Markets offers several trading platforms: Next Generation, MetaTrader 4 (MT4), MetaTrader 5 (MT5), and TradingView.

Is there a demo account available?

Yes, CMC Markets offers a free demo account with virtual funds, allowing users to practice trading strategies without risking real money.

How can I contact CMC Markets’ customer support?

CMC Markets provides customer support through various channels: Phone, Email, and Live Chat.

Our Insights

With a low minimum deposit requirement, powerful trading platforms like Next Generation, MetaTrader 4, and MetaTrader 5, and competitive spreads, CMC Markets caters to both retail and experienced traders. Despite leverage limits set by ASIC, CMC Markets remains a reliable option for those seeking a robust and user-friendly trading experience.

Is Forex Trading Legal in Australia?

Yes, forex trading is legal in Australia. It is regulated by the Australian Securities and Investments Commission (ASIC), which ensures that brokers operate fairly and transparently to protect retail traders.

Key Points

• Regulator: ASIC (Australian Securities and Investments Commission)
• Leverage Limits: Capped at 30:1 for major forex pairs for retail traders
• Brokers Must Hold an AFSL: All forex brokers must have an Australian Financial Services Licence (AFSL)
• Taxable Activity: Forex trading profits are subject to Australian tax laws

In Conclusion

Forex brokers operating in Australia must meet high compliance standards, ensuring security, transparency, and fair trading practices. Whether you’re a beginner or a seasoned trader, Australia’s market provides access to globally competitive platforms, tight spreads, and strong legal protections.

You Might also Like:

• Pepperstone Review
• FP Markets Review