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:
Available in Australia
Deposit Currencies: AUD, EUR, USD, GBP, NZD, SGD, CAD, JPY, CHF
- No Minimum Deposit
- Spreads from 0.0 Pips
- 26,000+ Markets
- Leverage up to 1:500
- Low Commission from 2$/1 Lot
- High liquidity and fast execution
- TradingView, MT4/5, cTrader, Invest Account
- New Zealand regulated
Available in Australia
Deposit Currencies: AUD, EUR, USD, GBP, SGD, CAD, CHF, ZAR, HKD, JPY, MXN, BRL
ASIC Regulated
- 5x regulated broker
- Spreads from 0.0 Pips
- More than 10,000 markets
- Leverage up to 1:500
- Low Commission from 3$/1 Lot
- High liquidity and fast execution
- TradingView, MT4/5, cTrader, IRRES
Available in Australia
Deposit Currencies: AUD, EUR, USD, SGD, CAD, GBP, NZD, JPY, HKD
ASIC Regulated
- ECN Accounts
- Spreads from 0.0 Pips
- Copy Trading available
- Leverage up to 1:500
- Low Commission from 1.5$/1 Lot
- High liquidity and fast execution
- TradingView, MT4/5, cTrader, Pro Trader
Available in Australia
Deposit Currencies: AUD, EUR, USD
- Different ECN Accounts
- Spreads from 0.0 Pips
- Copy Trading available
- Leverage up to 1:2000
- Low Commission from 6$/1 Lot
- High liquidity and fast execution
- TradingView, MT4/5, cTrader, Pro Trader
Available in Australia
Deposit Currencies: AUD, EUR, USD, GBP, SGD, JPY, CAD, HKD, BRL
- ECN/STP Accounts
- Spreads from 0.0 Pips
- Leverage up to 1:1000
- Low Commission from 3$/1 Lot
- High liquidity and fast execution
- MT4/5 and Pro Trader
Available in Australia
Deposit Currencies: AUD, EUR, GBP, USD, CHF
ASIC Regulated
- Tier-1 Regulated Broker
- Spreads from 0.0 Pips
- Leverage up to 1:500 (1:30 EU)
- Low Commission from 3$/1 Lot
- High liquidity and fast execution
- TradingView, MT4/5, cTrader
Available in Australia
Deposit Currencies: AUD, EUR, USD, CAD, GBP, SGD, NZD, JPY, HKD, CHF
- Raw Spreads from 0.0 Pips
- Leverage up to 1:500
- Low Commission from 3$/1 Lot
- High liquidity and fast execution
- cTrader, MT4 ,MT5
Available in Australia
Deposit Currencies: any (automatically converted into base currency of the account)
- Multiple regulated
- Spreads from 0.0 Pips
- Leverage up to 1:500 (1:30 EU)
- Low Commission from 2$/1 Lot
- Personal support
- MT4, MT5
Available in Australia
Deposit Currencies: AUD, EUR, USD
- Spreads from 0.0 Pips
- Leverage up to 1:500
- Low Commission from 4$/1 Lot
- High liquidity and fast execution
- TradingView, MT4/5
Available in Australia
Deposit Currencies: AUD, EUR, USD, GBP, CAD, JPY, HKD
- Offshore A-Book Broker
- Spreads from 0.0 Pips
- Leverage up to 1:500
- High liquidity and fast execution
- MT4, MT5
List of the Best Forex Brokers in Australia
#1 BlackBull Markets
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
| Feature | Broker |
|---|---|
| Available in Australia | Yes |
| Account Types | ECN Standard, ECN Prime, ECN Institutional |
| Tradable Instruments | Forex, Commodities, Indices, Crypto, Equities, Metals |
| Trading Platforms | TradingView, MetaTrader 4, MetaTrader 5, cTrader, BlackBull CopyTrader, BlackBull Invest |
| Regulation | Financial Services Authority in Seychelles |
| Minimum Deposit | $0 (ECN Standard) $2,000 (ECN Prime) $20,000 (ECN Instituional) |
| Minimum Order | 0.01 lot |
| Leverage | Up to 1:500 |
| Spreads | From 0.8 (ECN Standard) From 0.1 (ECN Prime) From 0.0 (ECN Institutional) |
| Commissions | Zero commission (ECN Standard) $6 per lot (ECN Prime) $4 per lot (ECN Institutional) |
| Accepted Currency | USD, EUR, JPY, GBP, CHF, CAD, AUD, NZD, HKD, XAU, BTC, ETH |
| Transaction Options | Bank 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
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:
| Feature | Broker |
|---|---|
| Available in Australia | Yes |
| Account Types | Standard, Raw |
| Tradable Instruments | Metals, Forex, Shares, Indices, ETFs, cryptocurrencies, Bonds, commodities |
| Trading Platforms | TradingView, cTrader, MetaTrader 4, MetaTrader 5, WebTrader, FP Mobile App, IRESS |
| Regulation | CySEC, FSC Mauritius, FSCA South Africa, ASIC, ESMA, FSA |
| Minimum Deposit | $100 or equivalent |
| Minimum Order | 0.01 lot |
| Leverage | 500:1 30: 1 (for Australian retail traders according to ASIC regulation) |
| Spreads | From 0.0 pips (Raw account) From 1.0 pips (Standard account) |
| Commissions | $0 (Standard) $3 per lot per side (Raw) |
| Accepted Currency | USD, EUR, CHF, GBP, JPY, CAD, AUD, HUF, ZAR, INR, NZD, SGD, PLN, BRL, NGN, ZAR, MXN |
| Transaction Options | Credit/debit card, cryptocurrencies, ePay, AstroPay, Google Pay, Skrill, Neteller, Perfect Money, International bank wire, Online Banking wallet |
#3 Vantage Markets
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:
| Feature | Broker |
|---|---|
| Available in Australia | Yes |
| Account Types | Pro ECN, Raw ECN, Standard STP, CENT, Premium, Swap-free |
| Tradable Instruments | Forex, Indices, Energy, Share CFDs, Precious Metals, ETFs, Bonds, Soft commodities |
| Trading Platforms | Vantage App, MetaTrader 4, MetaTrader 5, ProTrader, TradingView |
| Regulation | Australian Securities and Investment Commission (ASIC), Cayman Islands Monetary Authority (CIMA), VFSC, SIBL |
| Minimum Deposit | $50 (Standard and Raw) $10,000 (Pro ECN) |
| Minimum Order | 0.01 lots (for Standard STP, CENT, Raw ECN, and Pro ECN accounts) |
| Leverage | Ranges from 100:1 to 500:1 30:1 (for Australian retail traders according to ASIC regulation) |
| Spreads | From 0.0 pips (Raw ECN and Pro ECN accounts), From 1.0 pip (Standard STP and CENT accounts) |
| Commissions | From $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 Currency | AUD, USD, GBP, EUR, NZD, SGD, JPY, CAD, HKD |
| Transaction Options | Domestic 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 |
#4 RoboForex
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:
| Feature | Broker |
|---|---|
| Available in Australia | Yes |
| Account Types | Prime, ECN, R StocksTrader, Pro, ProCent |
| Tradable Instruments | Stocks, Indices, Futures, ETF, Metals. Energy commodities, Commodities, Currencies |
| Trading Platforms | MetaTrader 4, MetaTrader 4 MultiTerminal, MetaTrader 5, R Stocks Trader, R WebTrader, R Mobile Trader |
| Regulation | Financial Services Commission of Belize |
| Minimum Deposit | 10 USD / 10 EUR (For Prime, ProCent, Pro and ECN accounts), 100 USD (For R Stocks Trader) |
| Minimum Order | 0.01 lot |
| Leverage | 1:300 (Prime) 1:500 (ECN and R StocksTrader) 1:2000 (ProCent and Pro) |
| Spreads | Floating from 0 pips (Prime and ECN) From 0.01 USD (R StocksTrader) Floating from 1.3 pips (ProCent and Pro) |
| Commissions | Not available for Pro and ProCentAvailable for Prime, ECN, and R StocksTrader |
| Accepted Currency | USD, EUR, GOLD, and more tradable currency pairs |
| Transaction Options | Local bank transfer, Skrill, AstroPay, Perfect Money, Neteller, SticPay, Bank cards, QR & vouchers |
#5 Moneta Markets
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:
| Feature | Broker |
|---|---|
| Available in Australia | Yes |
| Account Types | Direct STP, Prime ECN, Ultra ECN |
| Tradable Instruments | Forex, Indices, commodities, Share CFDs, ETFs, Bonds, Crypto CFDs, Bonds, Metals, Energy, and Index CFDs |
| Trading Platforms | AppTrader, CopyTrader, ProTrader, MetaTrader 4, MetaTrader 5, MetaTrader App, MT4 WebTrader |
| Regulation | Financial Sector Conduct Authority of South Africa, SLIBC |
| Minimum Deposit | $50 (For Direct STP and Prime ECN) $20,000 (For Ultra ECN) |
| Minimum Order | 0.01 lot |
| Leverage | Up to 1000:1 |
| Spreads | From 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 Currency | AUD, USD, GBP, EUR, SGD, CAD NZD, JPY, HKD, BRL |
| Transaction Options | E-wallets, bank cards, bank transfers, PayPal, STICPAY, Skrill, Neteller, FasaPay, JCB |
#6 Pepperstone
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:
| Feature | Broker |
|---|---|
| Available in Australia | Yes |
| Account Types | Standard, Razor |
| Tradable Instruments | Shares, Currency Indices, Indices, Commodities, Forex |
| Trading Platforms | MetaTrader 4, MetaTrader 5, cTrader, TradingView, Pepperstone Mobile App, Pepperstone Trading Platform |
| Regulation | Financial 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 Order | 0.01 lot |
| Leverage | 1:400 30:1 (for Australian retail traders according to ASIC regulation) |
| Spreads | Raw (for Razor), Variable (for Standard) |
| Commissions | No Commission (Standard account) $3.5 per lot per side (Razor account) |
| Accepted Currency | USD, GBP, EUR, AUD, CAD, CHF, JPY, NZD, SGD, HKD |
| Transaction Options | Bank transfer, Visa, MasterCard, Flutterwave, MPESA, Skrill, PayPal, Neteller |
#7 IC Trading
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:
| Feature | IC Trading |
|---|---|
| Available in Australia | Yes |
| Account Types | Raw Spread, Standard, Islamic |
| Tradable Instruments | Forex CFD, Cryptocurrencies, Commodities, Gold, Indices, Stocks, Bonds |
| Trading Platforms | MetaTrader 4, MetaTrader 5, cTrader, WebTrader |
| Regulation | FSC |
| Minimum Deposit | $200 |
| Minimum Order | 0.01 lot |
| Leverage | 1:1000 |
| Spreads | From 0 (Raw spread account)From 0.8 (Standard account) |
| Commissions | From $0 per lot per side From $3.5 per lot per side From $3 per lot per side |
| Accepted Currency | USD, AUD, EUR, GBP, SGD, NZD, JPY, CHF, HKD, CAD |
| Transaction Options | Bank wire, credit/debit cards, PayPal, Neteller, and Broker to Broker |
#8 XM
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:
| Feature | Broker |
|---|---|
| Available in Australia | Yes |
| Account Types | Micro, Standard, Ultra low Standard, Shares |
| Tradable Instruments | Forex, CFDs, Shares, Indices, Commodities, Metals, Energies, Cryptocurrencies, Stocks, Futures, Turbo Stocks, Thematic Indices |
| Trading Platform | MetaTrader 4, MetaTrader 5, XM Web trader, XM Mobile App |
| Regulation | Financial Services Commission of Belize, CySEC |
| Minimum Deposit | $5 (Micro, Standard, Ultra low standard $10,000 (Shares) |
| Minimum Order | 0.01 lot |
| Leverage | 1000:1 |
| Spreads | As low as 1.6 pips (Micro, Standard) As low as 0.8 pips (ultra-low Standard) |
| Commissions | Zero commission (Micro, Standard, Ultra low Standard)Available (Shares) |
| Accepted Currency | AUD, HUF, PLN, SGD, ZAR, USD, EUR, GBP, JPY, CHF |
| Transaction Options | Bank Wire Transfer, Neteller, Skrill, PayPal, FasaPay |
#9 FBS
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:
| Feature | Broker |
|---|---|
| Available in Australia | Yes |
| Account Types | Standard, Cent |
| Tradable Instruments | Currency pairs, commodities, stocks, indices |
| Trading Platform | MetaTrader 4, MetaTrader 5, FBS App |
| Regulation | Cyprus 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 Order | 0.01 lot |
| Leverage | 3000:1 30: 1 (for Australian retail traders according to ASIC regulation) |
| Spreads | Floating from 0.7 pips |
| Commissions | From 0% |
| Accepted Currency | EUR, USD, CHF, GBP, JPY, CAD, AUD, NZD, TRY, MXN, SGD, ZAR, SEK, XAU |
| Transaction Options | Over 200+ payment methods, including Bank wire transfers, bank cards, e-payment methods, and exchangers |
| Accepts Australian Traders | Yes |
#10 VT Markets
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:
| Feature | Broker |
|---|---|
| Available in Australia | Yes |
| Account Types | Standard STP and Raw ECN |
| Tradable Instruments | ETFs & Bond, Forex, precious metals, Energies, Indices, Soft commodities, CFD Shares |
| Trading Platform | MetaTrader 4, MetaTrader 5, TradingView, VT Markets App |
| Regulation | Australian Securities & Investments Commission (ASIC), Financial Sector Conduct Authority (FSCA) of South Africa, Mauritius Financial Services Commission (MU FSC) |
| Minimum Deposit | $100 |
| Minimum Order | 0.01 lot |
| Leverage | 500:1 30:1 (for Australian retail traders according to ASIC regulation) |
| Spreads | From 1.2 pips (Standard STP) |
| Commissions | $0 (Standard STP) $6 per round turn (Raw ECN) |
| Accepted Currency | AUD, USD, HKD, GBP, EUR, CAD |
| Transaction Options | Unionpay transfer, Neteller, Skrill, Fasapay, Mobile pay, bank cards, EU bank, Vietnam Instant Bank Wire Transfer, Thailand Instant Bank Transfer |
| Accepts Australian Treaders | Yes |
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.
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.
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.
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.
