Forex Brokers in Australia 2020
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.
Regulations
Ever since the expansion of the Online Trading solutions started its rapid growth, Australia immediately established regulations for FX and CFD Brokerage companies 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.
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. Which enables unparalleled 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.
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?
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 2020
- GO Markets – Best MT4 Broker in Australia 2020
- Pepperstone – Lowest Spread Broker in Australia 2020
- AvaTrade – Best Broker for Beginners in Australia 2020
- XM – Best for Scalping and EA Trading 2020
Australian Forex Brokers List
These are the brokers that accept clients from Australia:
| Broker | Detail | |
|---|---|---|
 IC Markets | Min. Deposit: 200 US$ Max. Leverage: 1:500 Trading Platforms: cTrader, MT4, MT5 Regulation: ASIC, CySEC | IC Markets Review |
 Orbex | Min. Deposit: 200 US$ Max. Leverage: 1:30 | 1:500 Trading Platforms: MT4 Regulation: CySEC, MFSC | Orbex Review |
 City Index | Min. Deposit: 100 GBP Max. Leverage: 1:30 Trading Platforms: Advantage Web, AT Pro, MT4 Regulation: FCA | City Index Review |
 Forex.com | Min. Deposit: 50US$ Max. Leverage: 1:40 Trading Platforms: MT4, MT5, FOREX.com Platforms Regulation: FCA, IIROC, ASIC, CFTC | Forex.com Review |
 Plus500 – CFD Service | Min. Deposit: 100 US$ Max. Leverage: 1:30 - EU/UK/ 1:300 - AU Trading Platforms: Plus500 Platform Regulation: FCA, CySEC, ASIC, MAS | Plus500 – CFD Service Review |
 eToro | Min. Deposit: US$200 Max. Leverage: 1:30 Trading Platforms: eToro Platform Regulation: CySEC,FCA, ASIC | eToro Review |
 AvaTrade | Min. Deposit: 100 US$ Max. Leverage: 1:30 | 1:400 Trading Platforms: MT4, AvatradeGo Regulation: Bank of Ireland, ASIC, JFSA, FSCA | AvaTrade Review |
 Synergy FX | Min. Deposit: 100 US$ Max. Leverage: 1:500 Trading Platforms: MT4, MT5 Regulation: ASIC | Synergy FX Review |
 CommSec | Min. Deposit: 500 US$ Max. Leverage: 1:500 Trading Platforms: CommSec, CommSecIRESS Regulation: ASIC | CommSec Review |
 MultiBank Exchange Group | Min. Deposit: 50 US$ Max. Leverage: 1:30 | 1:500 Trading Platforms: Maximus Platform, ECN PRO Platfrom, MultiBank Pro Platfrom, MT4, MT5 Regulation: ASIC, BaFin, RAK | MultiBank Exchange Group Review |