We found 11 online brokers that are appropriate for Trading Australian Forex Investment Platforms.
Trading Forex currencies in Australia is popular amongst international and local traders. Before any Forex broker based in Australia can accept CFDs and Forex traders, they must first be approved by the Australian Securities & Investment Commission (ASIC). ASIC is the financial markets regulator for Australian markets. With such regulations, Australia has gradually become one of the top countries suitable for CFD or international Forex brokers, and is steadily gaining popularity among local Australian Forex traders.
The ASIC was established in July 1998 as one of the most reputable and capable regulators worldwide after the FCA in the UK, to govern all Forex traders in Australia. Consequently, Forex brokers regulated by Australian agencies have also become some of the most popular brokers, leading to a secure and competitive trading environment. Originally, the ASIC was established in 1991 which was later dissolved. It was founded again in 1998 as a national regulatory body that is managed by the treasurer.
In the Forex trading platform, illegitimate brokers are usually not regulated. To entice traders, they usually offer unrealistic claims which cannot be fulfilled. Due to the high risks of being scammed by a non-regulated Forex broker, your choice for a dependable and trustworthy broker should begin with regulated brokers.
The foreign exchange market is an OTC market, meaning Over the Counter market. This implies that any central governing system does not control the market. Forex trading is, first and foremost, self-governed and strictly limited to an institutional market.
But as Forex trading gradually become well-known in the retail market, financial governing bodies in the more globally advanced economies began to step in to preserve the interest of retail investors. Most of the standards which worldwide financial governing bodies have created for Forex brokers in their regions consist of asking the broker to possess separate accounts for their company's and customers' working capital. This requirement ensures that the Forex broker does not use the trading funds for something else. This allows traders to be assured that their trading capital will not be misused.
Additionally, possessing separate accounts helps keep the customers' funds safe from being used to pay the broker's debts, in the case the broker goes bankrupt. Another standard market requirement for a regulated Forex broker is the maintenance of a fund sufficiency ratio. This will make sure that the broker will, at any period, possess adequate liquidity to meet its contractual responsibilities.
Founded in 1998 under the Act of the Australian Securities and Investments Commission,2001, ASIC is authorized by the 2009 National Consumer Credit Protection Act, the 2001 Corporations Act, and the 1984 Insurance Contracts Act to be responsible for the following in the financial market in Australia:
If you are a new trader who is not familiar with the Forex trading platform, it is advisable to partner with brokers regulated by ASIC. Regardless of how enticing the offer of an unregulated Forex broker is, you should not put your trading capital at risk by working with such brokers.
To identify whether the Forex broker is authorised by ASIC, first search for the broker's address from the disclosure text at the bottom of the Australian broker's homepage. For instance, Pepperstone Group Ltd, which is regulated and licensed by the ASIC, is registered in Australia at Level 5, 530 Collins Street, Melbourne, and VIC 3000. After which, search for the firm number on ASIC's website to confirm its regulatory status.
One of the factors to consider when choosing the best Forex broker based in Australia to work with is the functionalities of their trading platforms and software. The trading platforms are the key to the Forex market, and without an effective and dependable platform, you may not be able to efficiently trade in the Forex market. The broker can provide many types of trading platforms.
In conclusion, with Forex trading gaining popularity among local Australian citizens and the international market, it is essential to take note of the tips provided in this article. Working with an ASIC regulated broker is always highly recommended to prevent your trading capital from being misused or unprotected. Furthermore, you should also choose to work with brokers who offer an efficient trading software and platform so that you can trade in the Forex market without any worries.
We've collected thousands of datapoints and written a guide to help you find the best Forex Traders In Australia for you. We hope this guide helps you find a reputable broker that matches what you need. We list the what we think are the best Australian Forex Investment platforms below. You can go straight to the broker list here.
There are a number of important factors to consider when picking an online Australian Forex Investment Platforms 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 Investment Platforms.
Compare Australian Forex Investment Platforms min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are Australian Forex Investment platforms. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Australian Forex Investment platforms that accept Australian Forex Investment platforms clients
Broker |
eToro
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IC Markets
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XTB
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FP Markets
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Roboforex
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Trading212
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Plus500
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Pepperstone
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EasyMarkets
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XM
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SpreadEx
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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) | Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG) | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) | 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 | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), 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 | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | International Financial Services Commission (IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Financial Conduct Authority (FCA) |
Min Deposit | 200 | 200 | No minimum deposit | 100 | 1 | 1 | 100 | 200 | 100 | 5 | 1 |
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Used By | 17,000,000+ | 60,000+ | 250,000+ | 10,000+ | 10,000+ | 14,000,000+ | 15,500+ | 10,000+ | 142,500+ | 70,000+ | 10,000+ |
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Platforms | Web Trader, Tablet & Mobile apps | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps |
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Learn More |
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Up with fpmarkets |
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Up with roboforex |
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Up with trading212 |
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Up with plus500 |
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Up with pepperstone |
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Up with easymarkets |
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Up with xm |
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Up with spreadex |
Risk Warning | 67% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits | 79% 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. | Losses can exceed deposits | 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. | 76.4% 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. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.3% 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 | Your capital is at risk | Your capital is at risk | Losses can exceed deposits |
Demo |
eToro Demo |
IC Markets Demo |
XTB Demo |
FP Markets Demo |
Roboforex Demo |
Trading 212 Demo |
Plus500 Demo |
Pepperstone Demo |
easyMarkets Demo |
XM Demo |
SpreadEx Demo |
Excluded Countries | IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, 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, US, 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, IN, PK, BD, NG , ID, BE | US, JP, NZ | US, JP | US | MY, BE, US, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO, AE | BR, KR, IR, IQ, SY, JP, US | US | US, CA, IL, KR, IR, MM, CU, SD, SY | US, TR |
You can compare Australian Forex Investment Platforms 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 Investment Platforms for 2021 article further below. You can see it now by clicking here
We have listed top Australian Forex Investment platforms below.