10 Best Forex Brokers in Australia
We’ve listed the 10 Best Australian Forex Brokers that provide secure and regulated access to international forex markets. Forex trading in Australia is legal and regulated by the Australian Securities & Investments Commission (🇦🇺 ASIC), a trusted financial authority. ASIC regulation ensures Australian traders enjoy high transparency, strong client fund protection, and reliable trading conditions. Traders in Australia can access major and minor currency pairs, commodities, indices, stocks, and cryptocurrencies while using platforms that offer tight spreads, fast execution, and robust account security.
10 Best Forex Brokers in Australia (2025)
- MultiBank Group – Overall, the Best Forex Broker in Australia.
- Plus500 – ASIC-regulated, offering a diverse range of Australian shares and CFDs.
- AvaTrade – AUD accounts with Local support and funding options.
- Admirals – Strong MetaTrader offering (MT4 and MT5 Supreme).
- FP Markets – True ECN pricing model and a Wide range of CFDs.
- Eightcap – ASIC-regulated Melbourne broker with AUD accounts.
- XM – Wide range of bonuses and promotions.
- eToro – AUD stocks and Crypto access
- FXCM – Good AUD currency pairs and ASX index CFDs
- Blackbull Markets – Tight spreads for Aussie ECN traders
10 Best Forex Brokers – Globally
Pros and Cons of ASIC-Regulated Forex Brokers in Australia – Immediate Advantages and Disadvantages
| ✓ Pros | ✕ Cons |
| Strong client fund protection (segregated accounts). | Stricter leverage limits for retail traders. |
| High trust and transparency under 🇦🇺 ASIC oversight. | Fewer high-risk trading options available. |
| Negative balance protection included. | Account verification can take time. |
| Regular audits ensure broker accountability. | Some brokers limit bonuses or promotions. |
| Legal recourse through ASIC dispute resolution channels. | Slightly higher compliance costs for brokers passed to clients. |
The Australian Securities & Investments Commission (🇦🇺 ASIC) protects traders by enforcing strict financial and operational standards. This ensures Australian forex traders enjoy one of the most secure, transparent, and reliable trading environments in the world.
1. MultiBank Group
MultiBank Group is fully regulated by 🇦🇺 ASIC (Australian Securities and Investments Commission), alongside multiple other top-tier regulators worldwide, ensuring strong compliance, fund security, and transparent operations. Furthermore, as an ASIC-licensed broker, MultiBank Group legally accepts Australian traders and provides access to secure, low-cost trading services, backed by its global reputation and wide choice of account types and platforms.
| Feature | Statement |
| Licensed Australian entity | Operates under 🇦🇺 ASIC with AFSL 416279 |
| Global multi-regulator presence | Overseen by several regulators across regions |
| Wide product offering | Forex, indices, shares, and CFD instruments |
| Multiple entity structures | Offers different entities for region-specific regulation |
| Australian representation | Has a local authorised representative for support |
 | Minimum Deposit: $50 Regulated by: AUSTRAC, BAFIN, CIMA, ESCA, CySEC, FSC, FMA, MAS, TFG, VFSC Crypto: Yes |
Frequently Asked Questions
Is MultiBank Group authorized by ASIC?
Yes. MultiBank Group is licensed by 🇦🇺 ASIC under an Australian Financial Services Licence (AFSL). As a result, it is required to hold client funds in segregated bank accounts. In addition, it must comply with strict financial standards and operate with full transparency, all in line with Australia’s regulatory framework.
What makes MultiBank Group stand out in Australia?
MultiBank Group offers Australian traders the confidence of ASIC oversight, while also benefiting from the strength of multiple global licences. Furthermore, traders can take advantage of a wide choice of account types (Standard, Pro, and ECN), enjoy tight spreads on Pro and ECN accounts, and access support for AUD funding.
| Minimum Deposit: $50 Regulated by: AUSTRAC, BAFIN, CIMA, ESCA, CySEC, FSC, FMA, MAS, TFG, VFSC Crypto: Yes |
Pros and Cons
| ✓ Pros | ✕ Cons |
| Multiple account types | Limited research tools |
| No deposit or withdrawal fees (usually) | Restricted in some countries due to regulations |
| Supports social trading | Some spreads are higher on select accounts |
| Offers eBooks, seminars, and training content | Not all instruments available on all platforms |
Our Insights
MultiBank Group is a standout choice for 🇦🇺 Australian Forex traders. Not only is it fully licensed by 🇦🇺 ASIC, but it is also supported by multiple global regulators, which together provide secure trading conditions. In addition, the broker offers a wide range of account types, competitive spreads, fast execution, and AUD-friendly accounts. Consequently, MultiBank Group has become a trusted broker for both beginners and experienced traders who value regulation, flexibility, and broad market access.
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐☆ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐⭐☆ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐⭐☆ |
| 4 | Research and Education | ⭐⭐⭐⭐☆ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐⭐ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐⭐⭐ |
| 7 | Deposit and Withdrawal Option | ⭐⭐⭐⭐☆ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐⭐☆ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐⭐ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐⭐⭐☆ |
2. Plus500
Plus500 is fully regulated and licensed by 🇦🇺 ASIC (Australian Securities and Investments Commission). This means Australian traders can trust Plus500’s platform for its simple CFD trading, local oversight, and clear fee structure. Its easy-to-use web and mobile apps make it stand out locally.
| Feature | Statement |
| ASIC-licensed entity | Operates under AFSL 417727 in Australia |
| Accepts Australian traders | Offers services locally via Australian subsidiary |
| Broad asset range | Provides forex-CFDs, shares-CFDs, indices and commodities |
| Proprietary platform | Simple web and mobile trading interface designed for retail clients |
| Local currency support | Offers AUD base currency accounts and deposits for Australian clients |
 | Minimum Deposit: $100 Regulated by: FCA, CySEC, ASIC, MAS, FSA, EFSA, DFSA, CFTC Crypto: Yes |
Frequently Asked Questions
Is Plus500 authorized by 🇦🇺 ASIC?
Yes. Plus500AU Pty Ltd is licensed and regulated by 🇦🇺 ASIC, holding a valid Australian Financial Services Licence (AFSL). As a result, it must follow strict local rules to keep client money secure, disclose risks clearly, and maintain fair and transparent CFD trading conditions.
What makes Plus500 stand out in 🇦🇺 Australia?
Plus500 offers Australian traders a simple, proprietary CFD platform with tight spreads and negative balance protection. Moreover, it’s known for clear fees, local support, and AUD deposit options. Sponsorships with major 🇦🇺 Australian sports teams have also boosted its visibility among retail traders.
| Minimum Deposit: $100 Regulated by: FCA, CySEC, ASIC, MAS, FSA, EFSA, DFSA, CFTC Crypto: Yes |
Pros and Cons
| ✓ Pros | ✕ Cons |
| 🇦🇺 ASIC regulated | No MT4 or MT5 support |
| User-friendly proprietary platform | No phone support in AU |
| Tight fixed spreads | No advanced tools for pros |
| Negative balance protection | Limited research resources |
| AUD accounts/local payments | No copy trading features |
Our Insights
Plus500 remains a trusted choice for 🇦🇺 Australian CFD traders. Fully licensed by 🇦🇺 ASIC, it’s ideal for beginners who want a clean, easy-to-navigate platform and tight spreads without complex add-ons, thus backed by strong local regulation and straightforward risk controls.
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐☆ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐⭐☆ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐⭐☆ |
| 4 | Research and Education | ⭐⭐☆☆☆ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐☆ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐⭐☆ |
| 7 | Deposit and Withdrawal Option | ⭐⭐⭐⭐☆ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐☆☆ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐☆ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐☆☆☆ |
3. AvaTrade
AvaTrade is fully licensed and regulated by 🇦🇺 ASIC (Australian Securities and Investments Commission). This gives Australian traders strong protection and oversight when trading Forex and CFDs. AvaTrade stands out locally for its fixed spreads, multiple platforms, and beginner-friendly education resources.
| Feature | Statement |
| Licensed in Australia | Operates under Australian licence number 406684 |
| Accepts Australian clients | Supports account opening for Australian residents |
| Wide asset range | Offers forex pairs, CFDs on stocks, indices, commodities and cryptos |
| Multi-platform support | Provides MetaTrader 4, MetaTrader 5 and proprietary platforms |
| Strong global regulation | Maintains regulation in multiple jurisdictions beyond Australia |
 | Minimum Deposit: $100 Regulated by: CBI, BVI, FSC, ASIC, FSCA, JFSA, FFAJ Crypto: Yes |
Frequently Asked Questions
Is AvaTrade authorized by 🇦🇺 ASIC?
Yes. AvaTrade holds an Australian Financial Services Licence and is regulated by 🇦🇺 ASIC. Therefore, it must meet Australia’s strict legal requirements for fund segregation, fair dealing, and transparent communication, all helping protect Australian retail traders from unfair practices.
What makes AvaTrade stand out in 🇦🇺 Australia?
AvaTrade’s Australian traders benefit from fixed spreads, easy AUD account funding, local support, and beginner-focused tools. Furthermore, with 🇦🇺 ASIC oversight, AvaTrade appeals to Aussies looking for stability, clear pricing, multiple trading platforms, and extra risk management features like guaranteed stops.
| Minimum Deposit: $100 Regulated by: CBI, BVI, FSC, ASIC, FSCA, JFSA, FFAJ Crypto: Yes |
Pros and Cons
| ✓ Pros | ✕ Cons |
| 🇦🇺 ASIC licensed | No ECN pricing |
| Fixed spreads for clear cost control | Inactivity fee applies |
| Multiple platforms (MT4, MT5, AvaTradeGO) | Limited AUD share CFDs |
| Good risk management tools | No advanced social trading tools |
| AUD funding/local support | Higher spreads than pure ECN |
Our Insights
AvaTrade is a reliable choice for 🇦🇺 Australian traders, fully regulated by 🇦🇺 ASIC and known for its simple fixed spreads and platform range. As a result, it suits beginners wanting stable costs and trusted protection while offering solid support and flexible options for Forex and CFD trading.
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐☆ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐⭐☆ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐⭐☆ |
| 4 | Research and Education | ⭐⭐⭐⭐☆ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐⭐ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐⭐⭐ |
| 7 | Deposit and Withdrawal Option | ⭐⭐⭐⭐☆ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐⭐☆ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐⭐ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐⭐⭐☆ |
Top 3 Forex Brokers in Australia – A Forex Face-Off
| Broker |  |  |  |
| Regulator | 🇦🇺 ASIC Licensed/ Approved | 🇦🇺 ASIC Licensed/ Approved | 🇦🇺 ASIC Licensed/ Approved |
| Accepts Australian Traders | Yes | Yes | Yes |
| What Stands Out in 🇦🇺 AUS | Instant execution; large range of instruments; strong regulatory/ fund security features | Simple proprietary platform fixed spreads sports sponsorships | Fixed spreads multiple platforms beginner-friendly education |
| Platforms | MT4 MT5 WebTrader versions, Proprietary apps | Proprietary web mobile app | MT4 MT5 AvaTradeGO WebTrader |
| AUD Accounts Local Funding | Yes | Yes | Yes |
| Risk Management | Negative balance protection Segregated client funds | Negative balance protection guaranteed stops | Negative balance protection guaranteed stops |
| Local Support | 🇦🇺 Local customer service | 🇦🇺 Local customer service | 🇦🇺 Local support channels |
| Target Audience | Active traders Serious traders (ECN / Pro) | Beginner-to-intermediate CFD traders | Beginners wanting fixed costs/tools |
| Typical Spreads | Varies by account type | Fixed spreads | Fixed spreads |
| Read Review |  | | |
| Open an Account |  | | |
How We Ranked the Top Forex Brokers in Australia
Our evaluation focused on key areas that matter most to Australian traders – safety, pricing, and user experience.
| Focus Area | What We Looked For | Example Brokers Excelling |
| Regulation Safety | ASIC-licensed status and AFSL compliance | MultiBank Group FP Markets Pepperstone |
| Trading Costs | Tight spreads and transparent commissions | IC Markets Eightcap FP Markets |
| AUD Accounts Funding | AUD-denominated accounts and local payments | MultiBank Group AvaTrade IC Markets |
| Platforms Execution | Range and speed across MT4, MT5, and cTrader | FP Markets Pepperstone Eightcap |
| Product Range | Forex, CFDs on Indices, Shares, Commodities, Crypto | Admirals eToro XM |
| Education Research | Webinars, tutorials, and analysis tools | AvaTrade XM Admirals |
| Customer Support | Local support hours and responsiveness | FP Markets (Sydney) Pepperstone |
| Risk Management Tools | Negative balance protection, margin alerts | IC Markets AvaTrade Plus500 |
| User Experience | Account setup, navigation, and mobile trading | Plus500 eToro XM |
Only brokers meeting ASIC standards and offering full Australian trader access were included in our 2025 rankings.
4. Admirals
Admirals is fully regulated by 🇦🇺 ASIC (Australian Securities and Investments Commission). This gives Australian traders trusted local oversight, strong fund protection, and a transparent trading environment. Admirals stands out for its advanced MetaTrader tools, quality research, and access to global markets in Australia.
| Feature | Statement |
| Former ASIC licence | Held AFSL 410681 in Australia |
| Global multi-regulation | Maintained regulation in multiple jurisdictions |
| Wide platform support | Offers MT4, MT5 and proprietary platforms |
| Strong educational resources | Provided webinars, tutorials and tools |
| Transparent product disclosure | Published Product Disclosure Statement for Australian clients |
 | Minimum Deposit: $25 Regulated by: FCA, ASIC, CySEC Crypto: Yes |
Frequently Asked Questions
Is Admirals regulated by 🇦🇺 ASIC?
Yes. Admirals holds an Australian Financial Services Licence under 🇦🇺 ASIC regulation. Consequently, the broker must maintain strict client fund segregation, clear disclosures, and fair trading practices to help protect Australian retail traders with robust compliance standards.
What makes Admirals stand out in 🇦🇺 Australia?
Australian traders choose Admirals for its powerful MetaTrader add-ons, local ASIC protection, and wide range of CFDs. In addition, its research tools, education resources, and local AUD account funding make it an appealing choice for beginners and advanced traders alike in Australia.
| Minimum Deposit: $25 Regulated by: FCA, ASIC, CySEC Crypto: Yes |
Pros and Cons
| Broker | Regulator | Accepts Australian Traders | What Stands Out in 🇦🇺 Australia |
| Admirals | 🇦🇺 ASIC | Yes | Advanced MetaTrader local support strong research |
Our Insights
Admirals is a smart option for 🇦🇺 Australian traders who want tight spreads, advanced MetaTrader tools, and local 🇦🇺 ASIC protection. Moreover, with a good balance of education and research features, Admirals supports traders seeking reliability, security, and platform flexibility.
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐⭐ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐⭐☆ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐⭐☆ |
| 4 | Research and Education | ⭐⭐⭐⭐☆ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐⭐ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐⭐⭐ |
| 7 | Deposit and Withdrawal Option | ⭐⭐⭐⭐☆ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐⭐⭐ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐⭐ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐⭐⭐☆ |
5. FP Markets
FP Markets is fully regulated by 🇦🇺 ASIC (Australian Securities and Investments Commission). As a long-standing Australian broker, FP Markets gives local traders strong fund protection, true ECN pricing, and reliable execution speeds. It stands out for competitive spreads and solid local support for Australians.
| Feature | Statement |
| Australian licence | Licensed under 🇦🇺 ASIC (Licence No 286354) |
| Availability to Australian clients | Accepts Australia resident traders under local entity |
| Wide trading instruments | Offers forex, shares, indices, commodities and more |
| Multiple platforms | Supports MetaTrader 4, MetaTrader 5, cTrader and IRESS |
| Long Australian presence | Founded in 2005 and headquartered in Australia |
 | Minimum Deposit: $100 Regulated by: ASIC, CySEC, FSCA, FSA, FSC, CMA Crypto: Yes |
Frequently Asked Questions
Is FP Markets licensed by 🇦🇺 ASIC?
Yes. FP Markets holds an Australian Financial Services Licence and is regulated by 🇦🇺 ASIC. Accordingly, the broker must segregate client funds, follow strict capital requirements, and deliver transparent trading conditions that protect Australian traders from unfair practices.
What makes FP Markets stand out in 🇦🇺 Australia?
Australian traders appreciate FP Markets for its tight ECN spreads, local Sydney headquarters, AUD funding, and fast withdrawals. Consequently, the broker is popular with active traders who want direct market access, strong local support, and reliable trading conditions under trusted 🇦🇺 ASIC oversight.
| Minimum Deposit: $100 Regulated by: ASIC, CySEC, FSCA, FSA, FSC, CMA Crypto: Yes |
Pros and Cons
| ✓ Pros | ✕ Cons |
| 🇦🇺 ASIC licensed and trusted | No proprietary platform |
| True ECN pricing with tight spreads | Limited crypto CFDs |
| Sydney headquarters and local support | No copy trading for AU clients |
| AUD base currency and fast funding | Inactivity fee may apply |
| Good for advanced and beginner traders | Limited bonuses for Australian traders |
Our Insights
FP Markets is a strong choice for 🇦🇺 Australian Forex traders who want tight spreads, true ECN pricing, and ASIC-backed trust. Along with a local office, AUD accounts, and great execution, it remains one of Australia’s most reliable brokers for beginners and experienced traders alike.
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐☆ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐⭐⭐ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐⭐☆ |
| 4 | Research and Education | ⭐⭐⭐⭐☆ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐☆ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐☆☆ |
| 7 | Deposit and Withdrawal Option | ⭐⭐⭐☆☆ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐⭐⭐ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐☆ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐⭐⭐☆ |
Top 5 Forex Brokers in Australia – A Comparison
| ASIC-regulated Australian-based customer support Fast local funding options | | |
| ASIC-regulated Aussie shares CFDs Risk management tools | | |
| ASIC-regulated Local support and funding options AUD accounts | | |
 | ASIC-regulated MT4, MT5, AvaTradeGO DupliTrade, ZuluTrade | | |
 | ASIC-regulated | | |
Best Forex Brokers in Australia by Category (2025)
Different traders value different strengths – here’s how the top 10 brokers rank by performance category:
| Category | Broker | Key Strength |
| Best Overall Broker | | ASIC-regulated, low spread ECN accounts, and fast execution. |
| Best for ECN Trading |  | True ECN pricing with deep liquidity and AUD funding. |
| Best for Crypto CFDs |  | Extensive crypto selection and advanced MT4/MT5 features. |
| Best for Beginners | | Simple fixed-spread accounts, copy trading, and strong education. |
| Best for Tight Spreads |  | Institutional liquidity and ultra-low variable spreads. |
| Best for Copy/Social Trading |  | Leading global platform for social and copy trading strategies. |
| Best Mobile Trading App | | Smooth, easy-to-use trading app for quick execution. |
| Best for Research Tools | | Comprehensive analytics, premium MetaTrader add-ons, and reports. |
| Best for Education |  | Video lessons, webinars, and multilingual learning materials. |
| Best for Local Experience |  | Melbourne-based broker offering award-winning customer support. |
Each of these brokers is ASIC-regulated, offers AUD accounts, and provides global-level execution quality.
6. Eightcap
Eightcap is fully regulated by 🇦🇺 ASIC (Australian Securities and Investments Commission), giving Australian traders peace of mind with strong fund protection and transparent practices. Based in Melbourne, Eightcap stands out for its tight ECN spreads, crypto CFD range, and trusted local customer support.
| Feature | Statement |
| Australian licence | Operates under 🇦🇺 ASIC AFSL 391441 |
| Accepts Australian clients | Provides services via Australian-based entity |
| Wide trading instruments | Offers forex pairs, CFD shares, commodities, indices and crypto CFDs |
| Multi-platform support | Supports MetaTrader 4, MetaTrader 5, TradingView |
| Long Australian presence | Founded in Australia and headquartered in Melbourne |
 | Minimum Deposit: $100 Regulated by: ASIC, FCA, CySEC, SCB Crypto: Yes |
Frequently Asked Questions
Is Eightcap licensed by 🇦🇺 ASIC?
Yes. Eightcap holds an Australian Financial Services Licence and is regulated by 🇦🇺 ASIC. Therefore, Eightcap must meet strict compliance rules for fund segregation, capital reserves, and clear risk disclosures to keep Australian clients protected under local law.
What makes Eightcap stand out in 🇦🇺 Australia?
Eightcap stands out to Australian traders with its tight ECN spreads, AUD account options, Melbourne-based team, and large crypto CFD offering. Additionally, traders appreciate the fast funding methods, reliable execution, and trusted 🇦🇺 ASIC regulation that supports both beginners and pros.
| Minimum Deposit: $100 Regulated by: ASIC, FCA, CySEC, SCB Crypto: Yes |
Pros and Cons
| ✓ Pros | ✕ Cons |
| 🇦🇺 ASIC licensed and trusted | No proprietary platform |
| True ECN accounts available | Limited education materials |
| Large crypto CFD range | No share CFDs for AU stocks |
| Melbourne office and local support | No copy trading for AU traders |
| AUD accounts and fast withdrawals | Inactivity fee applies |
Our Insights
Eightcap is a smart choice for 🇦🇺 Australian traders who want tight spreads, top crypto CFDs, and solid local oversight. With 🇦🇺 ASIC regulation, a Melbourne base, and strong support, Eightcap remains a reliable option for secure Forex and CFD trading in Australia.
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐☆ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐⭐☆ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐⭐☆ |
| 4 | Research and Education | ⭐⭐⭐☆☆ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐☆ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐⭐☆ |
| 7 | Deposit and Withdrawal Option | ⭐⭐⭐⭐☆ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐⭐☆ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐☆ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐⭐☆☆ |
7. XM
XM is fully licensed and regulated by 🇦🇺 ASIC (Australian Securities and Investments Commission). This means Australian traders can trust XM’s secure environment, local oversight, and transparent conditions. XM stands out for flexible account options, competitive spreads, and strong education for new traders in Australia.
| Feature | Statement |
| Australian licence | Holds AFSL 443670 under 🇦🇺 ASIC |
| Accepts Australian clients | Local entity allows Australia‑resident accounts |
| Broad instrument range | Offers forex pairs and CFDs on shares, commodities, indices |
| Low minimum deposit | Entry‑level account options for Australia‑based clients |
| Global multi‑regulation | Combines Australian licence with other jurisdictions for global reach |
 | Minimum Deposit: $5 Regulated by: FSC Crypto: Yes |
Frequently Asked Questions
Is XM regulated by 🇦🇺 ASIC?
Yes. XM holds an Australian Financial Services Licence under 🇦🇺 ASIC regulation. As a result, it must meet strict Australian standards for client fund segregation, capital adequacy, and clear risk warnings, giving local traders trusted protection and accountability.
What makes XM stand out in 🇦🇺 Australia?
XM offers Australian traders multiple account types, AUD funding, and local support backed by 🇦🇺 ASIC. Furthermore, beginners value its free webinars, strong educational resources, and flexible minimum deposits, while traders appreciate its tight spreads and bonus-free, transparent pricing structure.
| Minimum Deposit: $5 Regulated by: FSC Crypto: Yes |
Pros and Cons
| ✓ Pros | ✕ Cons |
| 🇦🇺 ASIC licensed and trusted | No proprietary platform |
| Multiple account types for flexibility | No share CFDs for AU stocks |
| Strong education and webinars | Limited crypto offering |
| AUD accounts and local deposits | No bonuses for AU clients |
| Good spreads for Forex and CFDs | Inactivity fee applies |
Our Insights
XM remains a good choice for 🇦🇺 Australian traders seeking ASIC regulation, flexible accounts, and solid education. Moreover, with AUD accounts, local oversight, and competitive spreads, XM suits new and intermediate traders wanting a secure, user-friendly trading experience in Australia.
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐☆ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐⭐☆ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐⭐☆ |
| 4 | Research and Education | ⭐⭐⭐⭐⭐ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐☆ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐☆☆ |
| 7 | Deposit and Withdrawal Option | ⭐⭐⭐⭐☆ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐⭐☆ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐☆ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐⭐⭐☆ |
8. eToro
eToro is a globally recognized Forex broker but is not regulated or authorized by 🇦🇺 ASIC. Despite this, eToro accepts Australian traders and provides a user-friendly platform with a strong focus on social trading, commission-free stocks, and a wide range of assets.
| Feature | Statement |
| Australian licence | Licensed under AFSL 491139 in Australia (🇦🇺) |
| Accepts Australian clients | Australian residents can open accounts under the local entity |
| Multi‑asset platform | Offers forex, shares, ETFs, cryptocurrencies and CFDs |
| Social trading feature | Enables users to copy trades and follow other investors |
| Localisation for Australia | Supports AUD accounts and regional deposit/withdrawal options |
 | Minimum Deposit: $200 Regulated by: FCA, CySEC, MFSA, ADGM, ASIC, FSAS, FinCEN Crypto: Yes |
Frequently Asked Questions
Is eToro regulated by 🇦🇺 ASIC?
Yes. eToro AUS Capital holds an Australian Financial Services Licence and operates under 🇦🇺 ASIC regulation. Consequently, it must comply with strict fund segregation rules, fair marketing practices, and transparent disclosures to help protect Australian clients and build trust.
What makes eToro stand out in 🇦🇺 Australia?
Australian traders like eToro for its beginner-friendly social trading tools, AUD account funding, and wide asset range under 🇦🇺 ASIC oversight. Additionally, eToro is well known for commission-free stock trading, crypto access, and its unique CopyTrader feature for new traders in Australia.
| Minimum Deposit: $200 Regulated by: FCA, CySEC, MFSA, ADGM, ASIC, FSAS, FinCEN Crypto: Yes |
Pros and Cons
| ✓ Pros | ✕ Cons |
| 🇦🇺 ASIC licensed and trusted | Higher spreads for Forex |
| Easy social and copy trading platform | Limited advanced charting tools |
| AUD funding options | No MT4 or MT5 support |
| Access to stocks, crypto, and Forex | Withdrawal fees apply |
| Commission-free stock trading | No ECN-style execution |
Our Insights
eToro is a strong choice for 🇦🇺 Australian traders who want ASIC protection and an easy way to access Forex, stocks, and crypto. Moreover, its social trading model and user-friendly platform make it popular with beginners who value a secure and simple trading experience.
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐☆ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐⭐☆ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐☆☆ |
| 4 | Research and Education | ⭐⭐⭐⭐☆ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐⭐ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐⭐☆ |
| 7 | Deposit and Withdrawal Option | ⭐⭐⭐☆☆ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐☆☆ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐☆ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐⭐☆☆ |
9. FXCM
FXCM is fully licensed and regulated by 🇦🇺 ASIC (Australian Securities and Investments Commission). Australian traders can rely on FXCM’s long-standing reputation, local compliance, and strong fund security. Furthermore, FXCM stands out for solid research tools, algorithmic trading support, and trusted customer service in Australia.
| Feature | Statement |
| Australian licence | Licensed to operate by 🇦🇺 ASIC under AFSL 309763 |
| Accepts Australian clients | Through the local entity under Australian regulation |
| Strong global regulation | Also regulated by UK, EU, South Africa jurisdictions |
| Segregated client funds | Holds client money in Australian‑ADI segregated accounts |
| Clear wholesale‑retail structure | Offers both retail and wholesale account types in Australia |
 | Minimum Deposit: $50 Regulated by: FCA, ASIC, CySEC, FSCA Crypto: Yes |
Frequently Asked Questions
Is FXCM regulated by 🇦🇺 ASIC?
Yes. FXCM holds an Australian Financial Services Licence and is regulated by 🇦🇺 ASIC. Consequently, it must keep client funds in segregated accounts, meet strict capital requirements, and operate with transparency to protect Australian traders and maintain local trust.
What makes FXCM stand out in 🇦🇺 Australia?
FXCM stands out in Australia with its advanced trading platforms, good research resources, and AUD account options. Additionally, Australian traders benefit from ASIC oversight, reliable execution, and tools for algorithmic trading, making FXCM a smart choice for beginners and pros alike.
| Minimum Deposit: $50 Regulated by: FCA, ASIC, CySEC, FSCA Crypto: Yes |
Pros and Cons
| ✓ Pros | ✕ Cons |
| 🇦🇺 ASIC licensed and trusted | No proprietary mobile platform |
| Strong research and analysis tools | Limited crypto CFDs |
| AUD accounts and local support | No share CFDs for AU stocks |
| Algorithmic and API trading options | Inactivity fee may apply |
| Good educational resources | No copy trading for AU traders |
Our Insights
FXCM is a reliable choice for 🇦🇺 Australian Forex traders who want ASIC regulation, advanced tools, and strong local service. Moreover, with AUD accounts, trusted research, and multiple platform choices, FXCM continues to support secure trading for beginners and experienced traders.
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐☆ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐⭐☆ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐☆ |
| 4 | Research and Education | ⭐⭐⭐⭐☆ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐☆ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐☆ |
| 7 | Deposit and Withdrawal Option | ⭐⭐☆☆☆ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐⭐☆ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐☆ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐⭐⭐☆ |
10. IC Markets
IC Markets is fully licensed and regulated by 🇦🇺 ASIC (Australian Securities and Investments Commission). This provides Australian traders with trusted local oversight, strong fund security, and true ECN pricing. In addition, IC Markets stands out for its ultra-tight spreads, fast execution, and large liquidity network.
| Feature | Statement |
| Local Australian licence | Holds AFSL 335 692 under 🇦🇺 ASIC |
| Accepts Australian clients | Offers services via Australian entity to Australia residents |
| Broad instrument range | Offers forex, indices, shares, commodities and CFDs |
| Multiple platform support | Supports MetaTrader 4, MetaTrader 5 and cTrader |
| Sydney‑headquartered firm | Australian origin and local operational base |
 | Minimum Deposit: $200 Regulated by: FSA Crypto: Yes |
Frequently Asked Questions
Is IC Markets regulated by 🇦🇺 ASIC?
Yes. IC Markets holds an Australian Financial Services Licence under 🇦🇺 ASIC supervision. Consequently, the broker must comply with Australia’s strict requirements for client fund segregation, fair trading practices, and robust disclosure, giving local traders extra trust and protection.
What makes IC Markets stand out in 🇦🇺 Australia?
Australian traders choose IC Markets for its tight raw spreads, deep liquidity, AUD accounts, and local Sydney-based support. As a result, it is a favourite for scalpers and algorithmic traders who need fast execution, strong ASIC regulation, and direct market access conditions.
| Minimum Deposit: $200 Regulated by: FSA Crypto: Yes |
Pros and Cons
| ✓ Pros | ✕ Cons |
| 🇦🇺 ASIC licensed and trusted | No proprietary platform |
| True ECN spreads and fast execution | No bonus promotions for AU clients |
| AUD funding and local accounts | Limited education for beginners |
| Deep liquidity for large trades | No share CFDs for AU stocks |
| Sydney-based office and support | Inactivity fee may apply |
Our Insights
IC Markets is an excellent option for 🇦🇺 Australian traders who want true ECN conditions, ultra-low spreads, and ASIC-backed protection. Along with local funding, fast support, and reliable execution, IC Markets remains a top pick for both beginners and advanced traders in Australia.
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐⭐ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐⭐☆ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐⭐☆ |
| 4 | Research and Education | ⭐⭐⭐☆☆ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐☆ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐⭐☆ |
| 7 | Deposit and Withdrawal Option | ⭐⭐⭐⭐☆ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐⭐⭐ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐☆ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐⭐⭐☆ |
Top 10 ASIC Regulated Forex Brokers – Side by Side
| ASIC-regulated Australian-based customer support Fast local funding options | | |
| ASIC-regulated Aussie shares CFDs Risk management tools | | |
| ASIC-regulated Local support and funding options AUD accounts | | |
| ASIC-regulated MT4, MT5, AvaTradeGO DupliTrade, ZuluTrade | | |
| ASIC-regulated | | |
| ASIC-regulated AUD-denominated accounts Negative balance protection | | |
| ASIC-regulated Sydney HQ AUD base currency accounts | | |
| ASIC-regulated AUD accounts Low-cost ECN accounts | | |
 | ASIC-regulated Local support channels AUD base currency available | | |
| ASIC-regulated Local AUD funding AUD stocks/crypto access | | |
Forex Trading in Australia – What You Need to Know
Forex trading in Australia is well-regulated, transparent, and popular with both beginners and experienced traders. Thanks to 🇦🇺 ASIC (Australian Securities and Investments Commission), local traders enjoy some of the strongest protections worldwide, including strict fund segregation, fair pricing, and reliable broker oversight.
Why Australia Stands Out for Forex Trading
- 🇦🇺 ASIC provides some of the toughest trader protections globally
- Local brokers offer AUD funding and local support
- Choice of raw ECN spreads or fixed spread accounts
- Access to advanced trading platforms and tools
- Education and webinars are available to help beginners learn
Forex trading in Australia benefits from strict 🇦🇺 ASIC regulation, giving local traders a safe and transparent environment. Consequently, with competitive spreads, fast execution, and strong local support, Australia remains one of the most appealing and secure places for forex trading worldwide.
What Real Australian Traders want to Know!
Q: Is forex trading legal in Australia?
A: Yes. Forex trading is completely legal in Australia and regulated by the 🇦🇺 Australian Securities and Investments Commission (ASIC), which sets strict rules for brokers and traders to follow.
Q: Who regulates forex brokers in Australia?
Q: Do I have to pay tax on forex profits in Australia?
Q: What is the minimum deposit for forex trading in Australia?
Q: Can I trade forex in AUD?
Pros and Cons of Forex Trading in Australia
| ✓ Pros | ✕ Cons |
| Strong regulation under 🇦🇺 ASIC | Leverage capped at 30:1 for retail traders |
| AUD accounts and local funding | Some brokers have higher minimum deposits for ECN accounts |
| Access to global markets and major CFDs | Trading fees and spreads vary by account type |
| Negative balance protection | Limited bonus or promotion options compared to other regions |
| High transparency and fund security | Advanced trading tools can be complex for beginners |
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In Conclusion
Forex trading in Australia remains one of the safest and most transparent markets worldwide, thanks to 🇦🇺 ASIC regulation. In addition, with tight spreads, AUD funding, and trusted brokers, Australian traders enjoy fair conditions, local protection, and access to global markets with strong oversight and support.
Faq
Most Australian brokers offer MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, and sometimes their own platforms for desktop and mobile trading.
Yes. Under 🇦🇺 ASIC rules, maximum leverage for retail forex traders is capped at 30:1 for major currency pairs and set lower for minors and CFDs.
Licensed brokers must keep client money in segregated Australian bank accounts separate from company funds. 🇦🇺 ASIC regulation aims to keep your money secure.
Absolutely. Many brokers offer free demo accounts, local webinars, and educational resources to help beginners learn before trading live.
Yes. To hold an 🇦🇺 ASIC licence, brokers must have a registered Australian office and comply with local business and financial laws.
