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
  • 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
IG Markets review IG
Min. Deposit: GBP 250
Max. Leverage: 1:30
Trading Platforms: MT4, IG Proprietary
Regulation: FCA, ASIC, CFTC, FINMA, MAS, JFSA, DIFC
IG Review
cmc markets_logo CMC Markets
Min. Deposit: 0 GBP
Max. Leverage: 1:30
Trading Platforms: CMC Web, CMC Mobile, MT4
Regulation: FCA, ASIC, FMA, IIROC, MAS
CMC Markets Review
etoro_review eToro
Min. Deposit: US$200
Max. Leverage: 1:30
Trading Platforms: eToro Platform
Regulation: CySEC, FCA, ASIC, USA FinCEN
eToro Review
avatrade review AvaTrade
Min. Deposit: 100 US$
Max. Leverage: 1:30 | 1:400
Trading Platforms: MT4, AvatradeGo
Regulation: Bank of Ireland, ASIC, JFSA, FSCA
AvaTrade Review
Unicorn Finance review Unicorn Finance
Min. Deposit: 200 US$
Max. Leverage: 1:100
Trading Platforms: MT4
Regulation: ASIC
Unicorn Finance Review
Halifax Review Halifax
Min. Deposit: 0 US$
Max. Leverage: 1:500
Trading Platforms: Mt4, MT5, TWS
Regulation: ASIC
Halifax Review
Berndale Capital Review Berndale Capital
Min. Deposit: 25 US$
Max. Leverage: 1:500
Trading Platforms: MT4
Regulation: ASIC
Berndale Capital Review
Origin ECN Review Origin ECN
Min. Deposit: 200 US$
Max. Leverage: 1:400
Trading Platforms: MT4
Regulation: ASIC
Origin ECN Review
OGFX Review OGFX
Min. Deposit: 1,000 US$
Max. Leverage: 1:400
Trading Platforms: MT4
Regulation: ASIC
OGFX Review