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?

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 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 Review IC Markets
Min. Deposit: 200 US$
Max. Leverage: 1:500
Trading Platforms: cTrader, MT4, MT5
Regulation: ASIC, CySEC
IC Markets Review
Orbex Review Orbex
Min. Deposit: 200 US$
Max. Leverage: 1:30 | 1:500
Trading Platforms: MT4
Regulation: CySEC, MFSC
Orbex Review
City Index Broker 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 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 Broker 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_review eToro
Min. Deposit: US$200
Max. Leverage: 1:30
Trading Platforms: eToro Platform
Regulation: CySEC,FCA, ASIC
eToro Review
avatrade review AvaTrade
Min. Deposit: 100 US$
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 logo CommSec
Min. Deposit: 500 US$
Max. Leverage: 1:500
Trading Platforms: CommSec, CommSecIRESS
Regulation: ASIC
CommSec Review
MultiBank Exchange Group logo 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