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
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
- HotForex – 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 | |
---|---|---|
|
Min. Deposit: No minimum deposit Max. Leverage: 1:30 | 1:500 Trading Platforms: MT4 Regulation: CySEC, VFSC |
FXCC Review |
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Min. Deposit: 100 US$ Max. Leverage: 1:30 Trading Platforms: MT4, MT5 Regulation: ASIC, SCB |
Blueberry Markets Review |
|
Min. Deposit: 200 US$ Max. Leverage: 1:30 | 1:500 Trading Platforms: cTrader, MT4, MT5 Regulation: ASIC, CySEC |
IC Markets Review |
|
Min. Deposit: US$5 Max. Leverage: 1:30 to 1:888 Trading Platforms: MT4, MT5, XM WebTrader Regulation: CySEC, ASIC, FSC |
XM Review |
|
Min. Deposit: 0 US$ Max. Leverage: 1:30 | 1:200 Trading Platforms: MT4, CoreTrader2 Regulation: FCA, ASIC, FSCA, SCB |
Trade Nation Review |
|
Min. Deposit: 100 US$ Max. Leverage: 1:500 Trading Platforms: MT4, MT5 Regulation: ASIC |
ACY Capital Review |
|
Min. Deposit: 100 US$ Max. Leverage: 1:30 | 1:400 Trading Platforms: Fortrader Platfrom, MT4 Regulation: FCA, ASIC, IIROC, CySEC, NBRB |
Fortrade Review |
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Min. Deposit: 200 US$ Max. Leverage: 1:30 Trading Platforms: MT4, MT5, WebTrader Regulation: ASIC, CySEC |
GO Markets Review |
|
Min. Deposit: 20 US$ Max. Leverage: 1:30 Trading Platforms: MT4, Capital.com WebTrader and Mobile App Regulation: CySEC, FCA, ASIC, NBRB |
Capital.com Review |
|
Min. Deposit: 200 US$ Max. Leverage: 1:500 Trading Platforms: MT4, MT5, MarketTrader Regulation: ASIC, FCA, CIMA |
Vantage FX Review |
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