10 Best Forex Brokers in Australia Compared (List 2025)

Damilola Esebame
Written by: Damilola Esebame
Johannes Striegel
Fact checked by: Johannes Striegel
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At WR Trading, one of our goals is to help traders in Australia with an interest in Forex trading. We have examined several Forex brokers operating in Australia based on their trade execution speeds, fees, spreads, commission, and customer support structure. We have picked 10 of the best. Of these brokers, you will certainly pick one that matches your trading style.  

These are the Top 10 Forex Brokers for traders in Australia in 2025:

Broker:

Availability:

Advantages:

Account:

Broker:

1. BlackBull

BlackBull Logo
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5

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Availability:

Available in Australia

Deposit Currencies: AUD, EUR, USD, GBP, NZD, SGD, CAD, JPY, CHF

Advantages:
  • No Minimum Deposit
  • Spreads from 0.0 Pips
  • 26,000+ Markets
  • Leverage up to 1:500
  • Low Commission from 2$/1 Lot
  • High liquidity and fast execution
  • TradingView, MT4/5, cTrader, Invest Account
  • New Zealand regulated
Account:
› Visit The Broker (Risk Warning: Your capital can be at risk)
Broker:

2. FP Markets

FP Markets Logo
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5

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Availability:

Available in Australia

Deposit Currencies: AUD, EUR, USD, GBP, SGD, CAD, CHF, ZAR, HKD, JPY, MXN, BRL

ASIC Regulated

Advantages:
  • 5x regulated broker
  • Spreads from 0.0 Pips
  • More than 10,000 markets
  • Leverage up to 1:500
  • Low Commission from 3$/1 Lot
  • High liquidity and fast execution
  • TradingView, MT4/5, cTrader, IRRES
Account:
› Visit The Broker (Risk Warning: Your capital can be at risk)
Broker:

3. Vantage

Vantage Markets Logo
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5

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Availability:

Available in Australia

Deposit Currencies: AUD, EUR, USD, SGD, CAD, GBP, NZD, JPY, HKD

ASIC Regulated

Advantages:
  • ECN Accounts
  • Spreads from 0.0 Pips
  • Copy Trading available
  • Leverage up to 1:500
  • Low Commission from 1.5$/1 Lot
  • High liquidity and fast execution
  • TradingView, MT4/5, cTrader, Pro Trader
Account:
› Visit The Broker (Risk Warning: Your capital can be at risk)
Broker:

4. RoboForex

RoboForex Logo
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5

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Availability:

Available in Australia

Deposit Currencies: AUD, EUR, USD

Advantages:
  • Different ECN Accounts
  • Spreads from 0.0 Pips
  • Copy Trading available
  • Leverage up to 1:2000
  • Low Commission from 6$/1 Lot
  • High liquidity and fast execution
  • TradingView, MT4/5, cTrader, Pro Trader
Account:
› Visit The Broker (Risk Warning: Your capital can be at risk)
Broker:

5. Moneta Markets

Moneta Markets Logo
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5

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Availability:

Available in Australia

Deposit Currencies: AUD, EUR, USD, GBP, SGD, JPY, CAD, HKD, BRL

Advantages:
  • ECN/STP Accounts
  • Spreads from 0.0 Pips
  • Leverage up to 1:1000
  • Low Commission from 3$/1 Lot
  • High liquidity and fast execution
  • MT4/5 and Pro Trader
Account:
› Visit The Broker (Risk Warning: Your capital can be at risk)
Broker:

6. Pepperstone

Pepperstone Logo
12345
4.8

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Availability:

Available in Australia

Deposit Currencies: AUD, EUR, GBP, USD, CHF

ASIC Regulated

Advantages:
  • Tier-1 Regulated Broker
  • Spreads from 0.0 Pips
  • Leverage up to 1:500 (1:30 EU)
  • Low Commission from 3$/1 Lot
  • High liquidity and fast execution
  • TradingView, MT4/5, cTrader
Account:
› Visit The Broker (Risk Warning: Your capital can be at risk)
Broker:

7. IC Trading

IC Trading Logo
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4.6

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Availability:

Available in Australia

Deposit Currencies: AUD, EUR, USD, CAD, GBP, SGD, NZD, JPY, HKD, CHF

Advantages:
  • Raw Spreads from 0.0 Pips
  • Leverage up to 1:500
  • Low Commission from 3$/1 Lot
  • High liquidity and fast execution
  • cTrader, MT4 ,MT5
Account:
› Visit The Broker (Risk Warning: Your capital can be at risk)
Broker:

8. XM

XM Broker Logo
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4.8

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Availability:

Available in Australia

Deposit Currencies: any (automatically converted into base currency of the account)

Advantages:
  • Multiple regulated
  • Spreads from 0.0 Pips
  • Leverage up to 1:500 (1:30 EU)
  • Low Commission from 2$/1 Lot
  • Personal support
  • MT4, MT5
Account:
› Visit The Broker (Risk Warning: Your capital can be at risk)
Broker:

9. FBS

FBS Broker Logo
12345
4.7

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Availability:

Available in Australia

Deposit Currencies: AUD, EUR, USD

Advantages:
  • Spreads from 0.0 Pips
  • Leverage up to 1:500
  • Low Commission from 4$/1 Lot
  • High liquidity and fast execution
  • TradingView, MT4/5
Account:
› Visit The Broker (Risk Warning: Your capital can be at risk)
Broker:

10. VT Markets

12345
5

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Availability:

Available in Australia

Deposit Currencies: AUD, EUR, USD, GBP, CAD, JPY, HKD

Advantages:
  • Offshore A-Book Broker
  • Spreads from 0.0 Pips
  • Leverage up to 1:500
  • High liquidity and fast execution
  • MT4, MT5
Account:
› Visit The Broker (Risk Warning: Your capital can be at risk.)

List of the Best Forex Brokers in Australia

#1 BlackBull Markets

BlackBull Markets - Forex Broker in Australia
BlackBull Markets – Forex Broker in Australia

BlackBull Markets is the most outstanding Forex broker in Australia and the winner of our comparison. It has a strong presence in the Asia Pacific region. BlackBull Markets is a true ECN broker with no desk dealing intervention. It offers three types of accounts – ECN Prime, ECN Standard, and ECN Institutional. This platform integrates software like Zulutrade to help people replicate the successful strategies of more experienced traders.

Key Facts About BlackBull Markets

FeatureBroker
Available in AustraliaYes
Account TypesECN Standard, ECN Prime, ECN Institutional 
Tradable InstrumentsForex, Commodities, Indices, Crypto, Equities, Metals 
Trading PlatformsTradingView, MetaTrader 4, MetaTrader 5, cTrader, BlackBull CopyTrader, BlackBull Invest 
RegulationFinancial Services Authority in Seychelles 
Minimum Deposit$0 (ECN Standard)
$2,000 (ECN Prime)
$20,000 (ECN Instituional)
Minimum Order0.01 lot
LeverageUp to 1:500
SpreadsFrom 0.8 (ECN Standard)
From 0.1 (ECN Prime)
From 0.0 (ECN Institutional)
CommissionsZero commission (ECN Standard)
$6 per lot (ECN Prime)
$4 per lot (ECN Institutional)
Accepted CurrencyUSD, EUR, JPY, GBP, CHF, CAD, AUD, NZD, HKD, XAU, BTC, ETH
Transaction OptionsBank cards (Visa and MasterCard), Bank transfer, Crypto, Airtm, Skrill, Neteller, SEPA, HexoPay, AMEX, PaymentAsia, Poli, Beeteller, Boleto, AstoPay, Local bank transfer, Help2Pay, FXPay, FasaPay, China Union pay

#2 FP Markets

FP Markets - Forex Broker in Australia
FP Markets – Forex Broker in Australia

Based on our research at WR Trading, FP Markets is the 2nd best Forex broker in Australia. It was established in 2005 and has its headquarters in Sydney, Australia. This broker offers more than 60 FX currency pairs. On this trading platform, Australians can get direct market access with no dealing desk intervention. With its servers situated at the Equinix NY4 data center, FP Markets is an ideal broker for low-latency, high-speed trading.

FP Markets emerged as our top pick due to its extremely competitive spreads starting at 0.0 pips, coupled with licenses from over five respected regulators. Traders can also trade on a variety of leading platforms, including MT4, MT5, cTrader, IRess, Trading View, and WebTrader.

Key Facts About FP Markets:

FeatureBroker
Available in AustraliaYes
Account TypesStandard, Raw 
Tradable InstrumentsMetals, Forex, Shares, Indices, ETFs, cryptocurrencies, Bonds, commodities 
Trading PlatformsTradingView, cTrader, MetaTrader 4, MetaTrader 5, WebTrader, FP Mobile App, IRESS 
RegulationCySEC, FSC Mauritius, FSCA South Africa, ASIC, ESMA, FSA 
Minimum Deposit$100 or equivalent 
Minimum Order0.01 lot 
Leverage500:1
30: 1 (for Australian retail traders according to ASIC regulation)
SpreadsFrom 0.0 pips (Raw account)
From 1.0 pips (Standard account)
Commissions$0 (Standard)
$3 per lot per side (Raw)
Accepted CurrencyUSD, EUR, CHF, GBP, JPY, CAD, AUD, HUF, ZAR, INR, NZD, SGD, PLN, BRL, NGN, ZAR, MXN
Transaction OptionsCredit/debit card, cryptocurrencies, ePay, AstroPay, Google Pay, Skrill, Neteller, Perfect Money, International bank wire, Online Banking wallet
› Sign up for free with FP Markets! (Risk Warning: Your capital can be at risk)

#3 Vantage Markets

Vantage Markets - Forex Broker in Australia
Vantage Markets – Forex Broker in Australia

We have selected Vantage Markets as our third-best Forex broker in Australia. Established in 2009, this company has risen to become a top-tier broker under the ASIC. Vantage Markets is a perfect choice for both Australian day traders and long-term investors. This broker offers several trading platforms including its proprietary Vantage App, MetaTrader 4, MetaTrader 5, and TradingView.

Key Facts About Vantage Markets:

FeatureBroker
Available in AustraliaYes
Account TypesPro ECN, Raw ECN, Standard STP, CENT, Premium, Swap-free
Tradable InstrumentsForex, Indices, Energy, Share CFDs, Precious Metals, ETFs, Bonds, Soft commodities
Trading PlatformsVantage App, MetaTrader 4, MetaTrader 5, ProTrader, TradingView
RegulationAustralian Securities and Investment Commission (ASIC), Cayman Islands Monetary Authority (CIMA), VFSC, SIBL
Minimum Deposit$50 (Standard and Raw)
$10,000 (Pro ECN)
Minimum Order0.01 lots (for Standard STP, CENT, Raw ECN, and Pro ECN accounts)
LeverageRanges from 100:1 to 500:1
30:1 (for Australian retail traders according to ASIC regulation)
SpreadsFrom 0.0 pips (Raw ECN and Pro ECN accounts), From 1.0 pip (Standard STP and CENT accounts)
CommissionsFrom $1.50 per standard lot round turn (Pro ECN account)
From $6 per standard lot round turn (Raw ECN account)
$0 (Standard STP and Standard Cent)
Accepted CurrencyAUD, USD, GBP, EUR, NZD, SGD, JPY, CAD, HKD
Transaction OptionsDomestic Fast Transfer, International EFT, BPAY, POLi Payment, Bank cards (MasterCard and Visa), China Union Pay, Neteller, Skrill, JCB, AstroPay, Broker-to-Broker Transfer, Pagsmile, Fasapay, Perfect Money, Thailand Instant Bank Transfer
› Sign up for free with Vantage Markets! (Risk Warning: Your capital can be at risk)

#4 RoboForex

RoboForex - Forex Broker in Australia
RoboForex – Forex Broker in Australia

As our fourth-best broker in Australia, RoboForex is highly reliable, has reasonable commission fees, and offers tight spreads from 0.0 pips. This broker offers a CopyFx investment and fast trade execution with leverages as high as 1:2000. RoboForex has an affiliate scheme that can be rewarding for Australian investors who refer new clients to them. Over the years, this broker has also accumulated webinars, video tutorials, and other educational resources.

Key Facts About RoboForex:

FeatureBroker
Available in AustraliaYes
Account TypesPrime, ECN, R StocksTrader, Pro, ProCent
Tradable InstrumentsStocks, Indices, Futures, ETF, Metals. Energy commodities, Commodities, Currencies
Trading PlatformsMetaTrader 4, MetaTrader 4 MultiTerminal, MetaTrader 5, R Stocks Trader, R WebTrader, R Mobile Trader
RegulationFinancial Services Commission of Belize
Minimum Deposit10 USD / 10 EUR (For Prime, ProCent, Pro and ECN accounts), 100 USD (For R Stocks Trader)
Minimum Order0.01 lot
Leverage1:300 (Prime)
1:500 (ECN and R StocksTrader)
1:2000 (ProCent and Pro)
SpreadsFloating from 0 pips (Prime and ECN)
From 0.01 USD (R StocksTrader)
Floating from 1.3 pips (ProCent and Pro)
CommissionsNot available for Pro and ProCentAvailable for Prime, ECN, and R StocksTrader
Accepted CurrencyUSD, EUR, GOLD, and more tradable currency pairs
Transaction OptionsLocal bank transfer, Skrill, AstroPay, Perfect Money, Neteller, SticPay, Bank cards, QR & vouchers
› Sign up for free with RoboForex! (Risk Warning: Your capital can be at risk)

#5 Moneta Markets

Moneta Markets - Forex Broker in Australia
Moneta Markets – Forex Broker in Australia

As our fifth-best Forex broker in Australia, Moneta Markets is the ideal web platform if you want to incur low forex-trading fees. Its proprietary WebTrader platform is intuitive and user-friendly and equipped with technical indicators and charting tools. This broker subjects itself to the necessary accounting audits, thereby ensuring a safe trading environment for its clients.

Key Facts About Moneta Markets:

FeatureBroker
Available in AustraliaYes
Account TypesDirect STP, Prime ECN, Ultra ECN 
Tradable InstrumentsForex, Indices, commodities, Share CFDs, ETFs, Bonds, Crypto CFDs, Bonds, Metals, Energy, and Index CFDs 
Trading PlatformsAppTrader, CopyTrader, ProTrader, MetaTrader 4, MetaTrader 5, MetaTrader App, MT4 WebTrader 
RegulationFinancial Sector Conduct Authority of South Africa, SLIBC 
Minimum Deposit$50 (For Direct STP and Prime ECN)
$20,000 (For Ultra ECN)
Minimum Order0.01 lot
LeverageUp to 1000:1 
SpreadsFrom 1.2 pips (Direct STP)
From 0.0 pips (Prime ECN and Ultra ECN)
Commissions$0 (Direct STP)
$3 per lot per side (Prime ECN)
$1 per lot per side (Ultra ECN)
Accepted CurrencyAUD, USD, GBP, EUR, SGD, CAD NZD, JPY, HKD, BRL 
Transaction OptionsE-wallets, bank cards, bank transfers, PayPal, STICPAY, Skrill, Neteller, FasaPay, JCB 
› Sign up for free with Moneta Marktes! (Risk Warning: Your capital can be at risk)

#6 Pepperstone

Pepperstone - Forex Broker in Australia
Pepperstone – Forex Broker in Australia

As our sixth-best Forex broker in Australia, Pepperstone has integrated itself into the country’s Forex trading landscape since 2010. It offers efficient and simple trading platforms such as cTrader, MetaTrader 4, and MetaTrader 5.  Pepperstone stands out in providing client fund security. It also has a well-defined customer service structure with a comprehensive FAQs section, 24/5 phone support, and live chat.

Key Facts About Pepperstone:

FeatureBroker
Available in AustraliaYes
Account TypesStandard, Razor 
Tradable InstrumentsShares, Currency Indices, Indices, Commodities, Forex 
Trading PlatformsMetaTrader 4, MetaTrader 5, cTrader, TradingView, Pepperstone Mobile App, Pepperstone Trading Platform 
RegulationFinancial Conduct Authority (FCA) in the UK  The Australian Securities and Investments Commission (ASIC) in AustraliaThe Capital Markets Authority of Kenya (CMA) in KenyaThe Securities Commission of The Bahamas (SCB) in The BahamasThe Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) in GermanyThe Dubai Financial Services Authority (DFSA) in the UAEThe Cyprus Securities And Exchange Commission (CySEC) in Cyprus
Minimum Deposit$0 
Minimum Order0.01 lot 
Leverage1:400
30:1 (for Australian retail traders according to ASIC regulation)
SpreadsRaw (for Razor), Variable (for Standard) 
CommissionsNo Commission (Standard account)
$3.5 per lot per side (Razor account)
Accepted CurrencyUSD, GBP, EUR, AUD, CAD, CHF, JPY, NZD, SGD, HKD 
Transaction OptionsBank transfer, Visa, MasterCard, Flutterwave, MPESA, Skrill, PayPal, Neteller 
› Sign up for free with Pepperstone! (Risk Warning: Your capital can be at risk)

#7 IC Trading

IC Trading - Forex Broker in Australia
IC Trading – Forex Broker in Australia

From our research at WR Trading, IC Trading is the seventh-best FX broker in Australia. This broker offers the same competitive pricing independent traders, depending on the selected account type. IC Trading offers several popular transaction options including Bank Wire Transfers, Broker-to-Broker transactions, and VISA/MasterCard cards.

Key Facts About IC Trading:

FeatureIC Trading
Available in AustraliaYes
Account TypesRaw Spread, Standard, Islamic 
Tradable InstrumentsForex CFD, Cryptocurrencies, Commodities, Gold, Indices, Stocks, Bonds 
Trading PlatformsMetaTrader 4, MetaTrader 5, cTrader, WebTrader
RegulationFSC
Minimum Deposit$200 
Minimum Order0.01 lot
Leverage1:1000 
SpreadsFrom 0 (Raw spread account)From 0.8 (Standard account)
CommissionsFrom $0 per lot per side
From $3.5 per lot per side
From $3 per lot per side
Accepted CurrencyUSD, AUD, EUR, GBP, SGD, NZD, JPY, CHF, HKD, CAD
Transaction OptionsBank wire, credit/debit cards, PayPal, Neteller, and Broker to Broker
› Sign up for free with IC Trading! (Risk Warning: Your capital can be at risk)

#8 XM

XM - Forex Broker in Australia
XM – Forex Broker in Australia

As our eighth-best Forex broker in Australia, XM has become a world-renowned international investment institution since its inception in 2009. It offers inexpensive and high-speed transaction methods for Australian traders and executes more than 99% of its trading orders with no requotes. XM provides access to personal account managers, free daily Forex webinars, and an MT5-compatible mobile app.

Key Facts About XM:

FeatureBroker
Available in AustraliaYes
Account TypesMicro, Standard, Ultra low Standard, Shares
Tradable InstrumentsForex, CFDs, Shares, Indices, Commodities, Metals, Energies, Cryptocurrencies,  Stocks, Futures, Turbo Stocks, Thematic Indices 
Trading PlatformMetaTrader 4, MetaTrader 5, XM Web trader, XM Mobile App 
RegulationFinancial Services Commission of Belize, CySEC 
Minimum Deposit$5 (Micro, Standard, Ultra low standard
$10,000 (Shares)
Minimum Order0.01 lot 
Leverage1000:1
SpreadsAs low as 1.6 pips (Micro, Standard)
As low as 0.8 pips (ultra-low Standard)
CommissionsZero commission (Micro, Standard, Ultra low Standard)Available (Shares)
Accepted CurrencyAUD, HUF, PLN, SGD, ZAR, USD, EUR, GBP, JPY, CHF
Transaction OptionsBank Wire Transfer, Neteller, Skrill, PayPal, FasaPay
› Sign up for free with XM! https://wrtrading.com/go/xmaccount

#9 FBS

FBS - Forex Broker in Australia
FBS – Forex Broker in Australia

As our ninth-best broker in Australia, FBS has won dozens of globally recognized awards. FBS has a segment of its website dedicated to providing educational resources for both beginners and advanced traders. It also offers real-time analytics and notifications to help investors and traders to refine their strategy. If you are an experienced trader, FBS can educate you on advanced topics such as Japanese candlesticks.

Key Facts About FBS:

FeatureBroker
Available in AustraliaYes
Account TypesStandard, Cent
Tradable InstrumentsCurrency pairs, commodities, stocks, indices
Trading PlatformMetaTrader 4, MetaTrader 5, FBS App
RegulationCyprus Securities and Exchange Commission (CySEC), Financial Services Commission (FSC) of Belize, Australian Securities and Investments Commission (ASIC)
Minimum Deposit$5, but this may vary for different payment systems 
Minimum Order0.01 lot 
Leverage3000:1
30: 1 (for Australian retail traders according to ASIC regulation)
SpreadsFloating from 0.7 pips
CommissionsFrom 0%
Accepted CurrencyEUR, USD, CHF, GBP, JPY, CAD, AUD, NZD, TRY, MXN, SGD, ZAR, SEK, XAU 
Transaction OptionsOver 200+ payment methods, including Bank wire transfers, bank cards, e-payment methods, and exchangers
Accepts Australian TradersYes
› Sign up for free with FBS! (Risk Warning: Your capital can be at risk)

#10 VT Markets

VT Markets - Forex Broker in Australia
VT Markets – Forex Broker in Australia

VT Markets is our tenth-best Forex broker in Australia.  This platform offers a true ECN account with competitive pricing and raw spreads. On this broker, you can trade popular currency pairs such as AUD/NZD, AUD/JPY, and EUR/AUD. Within about 5 minutes, traders can open a live account on VT Markets and start trading immediately. VT Markets offers high-level algorithmic trading via the MQL5 language.

Key Facts About VT Markets:

FeatureBroker
Available in AustraliaYes
Account TypesStandard STP and Raw ECN
Tradable InstrumentsETFs & Bond, Forex, precious metals, Energies, Indices, Soft commodities, CFD Shares
Trading PlatformMetaTrader 4, MetaTrader 5, TradingView, VT Markets App  
RegulationAustralian Securities & Investments Commission (ASIC), Financial Sector Conduct Authority (FSCA) of South Africa, Mauritius Financial Services Commission (MU FSC)
Minimum Deposit$100
Minimum Order0.01 lot 
Leverage500:1
30:1 (for Australian retail traders according to ASIC regulation)
SpreadsFrom 1.2 pips (Standard STP)
Commissions$0 (Standard STP)
$6 per round turn (Raw ECN)
Accepted CurrencyAUD, USD, HKD, GBP, EUR, CAD
Transaction OptionsUnionpay transfer, Neteller, Skrill, Fasapay, Mobile pay,  bank cards, EU bank, Vietnam Instant Bank Wire Transfer, Thailand Instant Bank Transfer
Accepts Australian TreadersYes
› Sign up for free with VT Markets! (Risk Warning: Your capital can be at risk.)

Is Forex Trading Legal in Australia? 

Yes, anybody can legally trade Forex in Australia. Nevertheless, it is essential to register with FX brokers with an Australian Financial Services License (AFSL) from the Australian Securities and Investments Commission (ASIC). The ASIC has a list of guidelines that international forex brokers operating in Australia must satisfy.

Australian Securities and Investments Commission (ASIC)
Australian Securities and Investments Commission (ASIC)

How are Forex Brokers Regulated in Australia

The Australian Securities and Investments Commission (ASIC) performs certain key roles in regulating the activities of Forex brokers. Some of them include:

  • mandating that all forex brokers keep client funds in segregated accounts.
  • Implementing leverage restrictions to protect traders from excessive losses.
  • Enforcement of Counter Terrorism Financing (CTF) and Anti Money Laundering (AML) policies.

Security of the Regulation

Forex trading in Australia is highly regulated. The ASIC ensures that brokers operate in the best interest of clients. For example, brokers must offer negative balance protection to shield investors from massive losses.

Good to know

They are also required to close out positions if the margin levels go below 50% of the required margin.

How to Find Out if Your Forex Broker is Regulated in Australia

To find out if your broker is regulated in Australia, you need to check the ASIC’s website. Enter the broker’s name or license number in the appropriate query box. The ASIC website will let you know if the broker has a legal mandate from them.

How WR Trading Tested the Best Forex Brokers in Australia

WR Trading, we recommend the best Forex brokers in different markets or countries by investigating certain characteristics. Let’s examine some of them.

  • Trading conditions: We examined the availability of low spreads on minor, major, and exotic currency pairs. Furthermore, we also selected brokers with a favorable commission structure.
  • Leverage options: We chose Forex brokers with a wide range of leverage options as well as, the necessary risk management tools.
  • Educational Resources: All our recommended brokers offer access to webinars, articles, tutorial videos, and other educational materials. We noticed that these resources are great for any trader, regardless of their skill level.
FP Markets - Education Resources
FP Markets – Education Resources

Supported Payment Methods for Australian Traders

We noted that Australia allows a wide range of both local and international payment options. Some of them include:

  • Digital wallets: Digital wallets are one of the most widely accepted transaction methods in Australia. They eliminate the need for a card or bank account. Examples of popular e-wallets in Australia are PayPal, Google Wallet, Apple Pay, and Samsung Wallet.
  • Cryptocurrencies: Crypto transactions are globally known for lower fees and speed. Therefore, they are getting increasingly popular in Australia. Bitcoin, Ethereum, and Litecoin are examples of widely accepted crypto coins for Australian traders.
  • Bank transfer: Australian traders can fund their Forex accounts from their local banks. The country also permits international wire transfers.

Conclusion: Top Forex Brokers Are Available In Australia

Australia has a well-established economy where finance plays a key role. Therefore, the foreign exchange market has become attractive for individual investors and big businesses. 

For people looking to start FX trading in Australia, WR Trading has simplified their search by creating a guide to the 10 top-notch trading brokers in Australia. If you sign up with any of our recommended brokers, you will have a seamless experience.

Top Forex Brokers in Australia and Their Key Features:

  • BlackBull Markets – Trusted, regulated, and tested ECN Forex broker
  • FP Markets – Best overall forex broker in Australia
  • Vantage Markets – Great for both experienced and new traders
  • RoboForex – known for its wide array of trading platforms 
  • Moneta Markets – Good for quick and easy market access
  • Pepperstone – Highly efficient and regulated broker
  • IC Trading – Top-notch FX broker with low spreads
  • XM – known for adhering to essential safety protocols
  • FBS – offers a wide range of account types
  • VT Markets – Great in-class trading platform

Frequently Asked Questions on Forex Brokers in Australia

Is Forex Trading Legal in Australia?

Yes, Forex trading is legal in Australia. The Australian Securities and Investments Commission (ASIC) regulates the operation of all Forex brokers in Australia. It is advisable to trade only with legally accredited brokers.

What is the Minimum Amount that I Need for Forex Trading in Australia?

The minimum amount depends on the broker that you select. Some brokers allow minimum deposits as low as $100, while others require more. Brokers also offer different types of accounts, which usually require different minimum deposit amounts.

Does Australia Deduct Taxes on Forex Trading Profits?

Yes. Australia deducts taxes from forex trading profits. The country classifies forex trading as a legitimate means of generating income to make a living, so traders have to pay taxes on their trading profits.

How do I Start Forex Trading in Australia?

You need to find a reputable broker with a license from the Australian Securities and Investments Commission (ASIC). Create an account with the broker and supply all the necessary information documentation. Familiarise yourself with the broker’s trading platforms.

Damilola Esebame
Forex Trader on WR Trading
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Damilola Esebame
Damilola Esebame Forex Trader on WR Trading
Johannes Striegel
Johannes Striegel
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