Forex Brokers in Australia

Who are Forex Broker Australia? Eventually, they are Forex Brokers based in Australia, while for the last years Australian proposal widely spread its offering and became one of the leading online-trading hubs which made Australia an important world center of the trading industry.

Australia Forex Regulations

Ever since the expansion of the Online Trading solutions started its rapid growth, Australia immediately established regulations for FX Brokers and CFD Brokers due to the high risks of the trading activity itself.

Therefore, yes Forex trading is legal in Australia, while it is mandatory for every Brokerage before it legally operates in Australia to obtain an ASIC license.

Historically ASIC was established in 1998 as a national authority as a step from Australia towards the Forex industry through its intention to establish the best possible practices and make trading available and safe to all.

In fact, it does truly extend the establishment of the brokerage offerings and enable industry smooth flow with its greatest, obviously one of the best client protection. For more historical facts and its standards, you can check its Wikipedia page, or see our article Why trade with ASIC Brokers?

  • The mission of a national regulatory authority the Australian Securities and Investment Commission (ASIC) is to oversee firms’ financial services integrate corporate and market companies, also to enforce and regulate the operation.
  • ASIC enables good protection of the customers’ rights, for more details and information you can check out the official website www.asic.gov.au also connect to recent updates by following its Twitter @ASIC_Connect.
  • Previously ASIC regulation was popular due to high leverage proposals up to 1:400, however since 2021 ASIC lowered allowed leverage levels to a maximum of 1:30 for retail traders

Australia ASIC website

Best Forex Brokers Australia

Below you will find a listing of the Best Reviewed Brokers based in Australia or that serve regulated entity in Australia, also created according to the specified criteria and its Trust Scores.

  • FP Markets – Best Overall Broker in Australia 2022
  • BDSwiss – Best MT4 Broker in Australia 2022
  • Pepperstone – Lowest Spread Broker in Australia 2022
  • BlackBull Markets – Best Broker for Beginners in Australia 2022
  • HFM – Best for Scalping and EA Trading 2022

Who are Crypto Brokers Australia?

There are Brokers in Australia that provide access to Crypto Excahnges where trader need to create Crypto wallet first and trade real Cryptos, or to speculate on a price movement only using CFD Cryptocurrencies, like majority of Forex brokers offer. Check Pepperstone and FP Markets.

Australian Forex Brokers List

These are the brokers that accept clients from Australia:

Broker Detail
BDSwiss Review BDSwiss
Min. Deposit: 100 US$
Max. Leverage: 1:500
Trading Platforms: MT4, MT5, BDSwiss Webtrader and Mobile App
Regulation: FSC, FSA
1
BDSwiss Review
BlackBull Markets logo BlackBull Markets
Min. Deposit: 50 US$
Max. Leverage: 1:500
Trading Platforms: MT4, MT5
Regulation: FMA, FSA
2
BlackBull Markets Review
FPM logo FP Markets
Min. Deposit: 100 US$
Max. Leverage: 1:30
Trading Platforms: IRESS, MT4, MT5
Regulation: ASIC, CySEC
3
FP Markets Review
Pepperstone
Min. Deposit: 200 US$
Max. Leverage: 1:30 to 1:400
Trading Platforms: MT4, MT5, cTrader, TradingView
Regulation: ASIC, FCA, DFSA, SCB, CMA, CySEC, BaFIN
4
Pepperstone Review
HFM
Min. Deposit: 5 US$
Max. Leverage: 1:30 | 1:1000
Trading Platforms: MT4, MT5
Regulation: CySEC, FCA, DFSA, FSCA, FSA
5
HFM Review
Axiory
Min. Deposit: 10 US$
Max. Leverage: 1:777
Trading Platforms: MT4, MT5, cTrader
Regulation: FSC, FSC
Axiory Review
FBS
Min. Deposit: 1 USD
Max. Leverage: 1:30
Trading Platforms: MT4, MT5, FBS trader, CopyTrade
Regulation: CySEC, FSC, FSCA, ASIC
FBS Review
Eightcap
Min. Deposit: 100 US$
Max. Leverage: 1:30
Trading Platforms: MT4, MT5
Regulation: ASIC, SCB
Eightcap Review
TMGM
Min. Deposit: 100 US$
Max. Leverage: 1:30 | 1:500
Trading Platforms: MT4, MT5, IRESS
Regulation: ASIC, FMA
TMGM Review
FXCC Review FXCC
Min. Deposit: No minimum deposit
Max. Leverage: 1:30 | 1:500
Trading Platforms: MT4
Regulation: CySEC, VFSC
FXCC Review