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