We found 11 online brokers that are appropriate for Trading Australian Forex.
It is well known that Forex have been becoming increasingly popular in Australia.
Many expert traders have included Forex as part of their trading strategy and Australia has become a hub in the world of Forex.
Traders in Australia have been contributing to significant trading volume for both Australia and other countries.
For instance, it is hard not to spot opportunities given by the AUD/USD pair and it is only one of the most popular currency pairs in the Forex market.
Many experienced Forex traders have included AUD/USD currency pair trades as part of their investment strategies along with other currency pairs for good reasons.
There are some questions regarding the legality of Forex trading activity in Australia for some traders that are new to Forex markets in Australia.
Forex trading is 100% legal in Australia and is highly regulated.
As the number of active Forex traders has increased dramatically the last decade in Australia, there have been significant numbers of new companies who offer FX brokerage services for retail clients who want to trade legally in Australia.
The FX trading activities are carefully regulated and supervised by the Australian government.
In this case, the brokerages should obtain the ASIC license and follow all the regulations so that they are able to operate in Australia.
ASIC is one of the most renowned financial regulatory authorities in the world.
If you see a brokerage with an ASIC license, then you should not worry about investing your money in the brokerage.
ASIC is the abbreviation of Australian Securities and Investment Commission. This institution enforces all of the brokerages to follow the regulations and attain the ASIC license.
It is a regulatory body that enforces Australian financial companies to protect the rights of their customers.
If you are planning to trade FX in Australia, you will want to register with a ASIC regulated brokerage.
The last thing you want to do is lose your money because the brokerage you use does not come with an ASIC license. An ASIC license is crucial.
The brokerages who have the ASIC license have proven to follow correct codes of conduct in providing brokerage services for the traders.
ASIC existence is crucial because it regulates FX trading practices and makes a safe and secure environment for all of the involved parties in the Australian FX market.
Taxes will depend on where you conduct your activity and your country of origin. It can be difficult to determine if you need to pay tax from your income from FX trading or not.
If your country of origin counts FX trading as an income, then you will need to account for how much you need to pay for your local tax laws.
Forex trading is taxable in some countries such as the USA, Japan, Australia, England, and so on.
You should consultant a local tax expert if you are not an Australian citizen but attaining the income from a Forex brokerage in Australia.
The last thing you would want is that you end up not making a profit because you have to pay taxes.
The Australian Forex market is good for traders with both long and short term investment strategies.
In recent years there has been a significant number of participants in the Australian Forex market.
ASIC has been seriously regulating brokerages to keep the FX market environmentally healthy. ASIC goes to great lengths to remove unauthorized players and with such strict regulations and measures, it provides a safe environment for all of the FX participants across the world.
If you are interested in the FX market, you will want to get involved with a reliable and trustworthy brokerage. Most of the Australian brokerages can be great options.
It is simple and straightforward to start trading in Australia. There are many reputable regulated brokers.
When you browse around, there will be hundreds of options you can consider but you should only focus on the top brokerages that are suitable to your investment needs and preferences.
Most reliable Australian brokerages offer demo accounts for new users to assess their services and platforms and from these demo accounts, you can test your investment strategies.
We've collected thousands of datapoints and written a guide to help you find the best Australian Forex Brokers for you. Our aim is that this information helps you choose a trustworthy, reputable and professional broker who can satisfy your trading needs online. We have compiled a list of what we consider the best australian forex brokers below.
There are a number of important factors to consider when picking an online Australian Forex trading brokerage.
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
We compare these features to make it easier for you to make a more informed choice.
Here are the top Australian Forex Brokers.
Compare Australian Forex Brokers min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are australian forex brokers. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more australian forex brokers that accept australian forex clients
Broker |
eToro
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IC Markets
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Roboforex
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AvaTrade
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Pepperstone
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XM
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FP Markets
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Trading212
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Plus500
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NordFX
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EasyMarkets
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Rating | |||||||||||
Regulation | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Cyprus Securities and Exchange Commission (CySEC) | Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | International Financial Services Commission (IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) | Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546, Plus500SEY Ltd is authorised and regulated by the Seychelles Financial Services Authority (Licence No. SD039), Plus500SG Pte Ltd (UEN 201422211Z) holds a capital markets services license from the Monetary Authority of Singapore (MAS) for dealing in capital markets products (License No. CMS100648-1), PLUS500AU (PTY) LTD is regulated by the FSCA (Financial Sector Conduct Authority), Plus500 adheres to MiFID rules | Cyprus Securities and Exchange Commission (CySEC), License No: 209/13 | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) |
Min Deposit | 10 | 200 | 1 | 100 | 200 | 5 | 100 | 1 | 100 | 1 | 100 |
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Used By | 27,000,000+ | 180,000+ | 10,000+ | 300,000+ | 89,000+ | 3,500,000+ | 10,000+ | 15,000,000+ | 15,500+ | 10,000+ | 142,500+ |
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Platforms | Web Trader, Tablet & Mobile apps | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps |
Support |
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Learn More |
Sign
Up with etoro |
Sign
Up with icmarkets |
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Up with roboforex |
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Up with avatrade |
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Up with pepperstone |
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Up with xm |
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Up with fpmarkets |
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Up with trading212 |
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Up with plus500 |
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Up with nordfx |
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Up with easymarkets |
Risk Warning | 68% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits | Losses can exceed deposits | 71% of retail investor accounts lose money when trading CFDs with this provider | 74-89 % of retail investor accounts lose money when trading CFDs | Your capital is at risk | Losses can exceed deposits | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. | Losses can exceed deposits | Your capital is at risk |
Demo |
eToro Demo |
IC Markets Demo |
Roboforex Demo |
AvaTrade Demo |
Pepperstone Demo |
XM Demo |
FP Markets Demo |
Trading 212 Demo |
Plus500 Demo |
NordFX Demo |
easyMarkets Demo |
Excluded Countries | ZA, ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, KZ, GD, FJ, BB, BM, BS, AG, AI, AW, LB, SV, PY, HN, GT, PR, NI, VG, AN, | AF, GN, SL, BW, IR, SY, MM, IQ, TG, KH, LS, YE, CI , LR, ZW, CU, LY, TZ, CG, ML, BO, LR, NE, AO, GM, NG, AG, GH, KR, KG, GN, SN, NA | US, JP | BE, BR, KP, NZ, TR, US, CA, SG | AF, AS, AQ, AR, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, UY, VU, VG, EH, YE, ZW | US, CA, IL, KR, IR, MM, CU, SD, SY | US, JP, NZ | US, CA | MY, BE, US, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO, AE | No | US |
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Past performance is not an indication of future results.
Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.
You can compare Australian Forex Brokers ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.
We also have an indepth Top Australian Forex Brokers for 2022 article further below. You can see it now by clicking here
We have listed top Australian forex brokers below.
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Past performance is not an indication of future results.
Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.