{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/forex-brokers\/australian-traders\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/forex-brokers\/australian-traders\/","headline":"Best Forex Brokers for Australian Traders 2022","name":"Best Forex Brokers for Australian Traders 2022","description":"Are you looking for the best Forex brokers in Australia that will ensure your trading funds are safe and you are trading with a broker that has strong regulation? You are in the right place! In this post we go through the best brokers for Australian traders that are regulated by ASIC. These brokers all […]","datePublished":"2021-01-15","dateModified":"2023-11-21","author":{"@type":"Person","@id":"https:\/\/forexschoolonline.com\/author\/jonfox\/#Person","name":"Johnathon Fox","url":"https:\/\/forexschoolonline.com\/author\/jonfox\/","identifier":1,"description":"Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Forex School Online","logo":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","width":240,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/forexschoolonline.com\/wp-content\/plugins\/finance-brand-management\/images\/morefilter.svg","url":"https:\/\/forexschoolonline.com\/wp-content\/plugins\/finance-brand-management\/images\/morefilter.svg","height":"","width":""},"url":"https:\/\/forexschoolonline.com\/forex-brokers\/australian-traders\/","about":["Metatrader | MT4 | MT5 | Brokers"],"wordCount":2127,"articleBody":"Are you looking for the best Forex brokers in Australia that will ensure your trading funds are safe and you are trading with a broker that has strong regulation?You are in the right place!In this post we go through the best brokers for Australian traders that are regulated by ASIC.These brokers all have different features and you will be able to find a broker to suit you depending on whether you need a Metatrader broker, a broker with a small minimum deposit or a broker that has top of the line customer support. Tama\u00f1o de mi operaci\u00f3n \u20ac 1,000 (0.01 lots) EUR\/USD \t\t\t More Filters\t\t \t\tClose Filters\t\t Sort By \t\t\t\t\t\t\t\t\t\t\t\tRating\t\t\t\tPrice\t\t\t\t\t\t\t\t 4 Provider that match your filters Providers that match your filters Payment methods Bank Transfer \t\t Credit Card Paypal Sepa Transfer Skrill Sofort Giropay Neteller Trading platforms Demo Webtrader Copytrading Mt4 \t\t STP\/DMA \t\t Ctrader \t\t MT5 \t\t Avasocial \t\t Ava Options Regulated by FCA CYSEC ASIC CFTC NFA BAFIN CMA SCB Support Very Good Good Average Bad Min.Deposit \u20ac 1 Leverage max 1 \t Currency Pairs 1+ Classification 1or more \t Mobile App 1or more Remove Filter \t Apply Filter No results found Trying adjusting the filter to see some results. Recommended Rating Total cost \u20ac0 \t\t\t \t\t\t\t\t\t\t\t\t\t\tCommission\t\t\t\t\t\t\t\t\t\t3.5\t\t\t\t\t\t\t\t\t Mobile App 10\/10 Min.Deposit \u20ac250 Spread min. Variables pips Leverage max 100 Currency Pairs 40 Trading platforms \t\t\t\t\t\t\t\tDemo\t\t \t\t\t\t\t\t\t\tWebtrader\t\t \t\t\t\t\t\t\t\tMt4\t\t \t\t\t\t\t\t\t\tMT5\t\t \t\t\t\tFunding Methods\t\t\t\t \t\t\t What you can trade Forex Indices Actions Cryptocurrencies Raw Materials Average spread EUR\/GBP - EUR\/USD - EUR\/JPY 0.3 EUR\/CHF 0.2 GBP\/USD - GBP\/JPY 0.1 GBP\/CHF 0.3 USD\/JPY - USD\/CHF 0.2 CHF\/JPY 0.3 Additional Fee Continuous rate Variables Conversi\u00f3n Variables pips Regulation No FCA No CySEC No ASIC No CFTC No NFA No BAFIN Review Open Account 71% of retail investor accounts lose money when trading CFDs with this provider. Rates and assets Rating Total cost \u20ac0 \t\t\t \t\t\t\t\t\t\t\t\t\t\tCommission\t\t\t\t\t\t\t\t\t\t-\t\t\t\t\t\t\t\t\t Mobile App 10\/10 Min.Deposit \u20ac100 Spread min. - Leverage max 400 Currency Pairs 50 Trading platforms \t\t\t\t\t\t\t\tDemo\t\t \t\t\t\t\t\t\t\tWebtrader\t\t \t\t\t\t\t\t\t\tMt4\t\t \t\t\t\t\t\t\t\tMT5\t\t \t\t\t\t\t\t\t\tAvasocial\t\t \t\t\t\t\t\t\t\tAva Options\t\t \t\t\t\tFunding Methods\t\t\t\t \t\t\t Regulated by CYSECASICCBFSAIBVIFSCFSCAFSAFFAJADGMFRSA What you can trade Forex Indices Actions Cryptocurrencies Raw Materials Etfs Average spread EUR\/GBP 1 EUR\/USD 0.9 EUR\/JPY 1 EUR\/CHF 1 GBP\/USD 1 GBP\/JPY 1 GBP\/CHF 1 USD\/JPY 1 USD\/CHF 1 CHF\/JPY 1 Additional Fee Continuous rate - Conversi\u00f3n - Regulation No FCA Yes CySEC Yes ASIC No CFTC No NFA No BAFIN Review Open Account 71% of retail investor accounts lose money when trading CFDs with this provider. Rates and assets Rating Total cost \u20ac0.00 \t\t\t \t\t\t\t\t\t\t\t\t\t\tCommission\t\t\t\t\t\t\t\t\t\t0.00\t\t\t\t\t\t\t\t\t Mobile App 10\/10 Min.Deposit \u20ac100 Spread min. 1.3 pips Leverage max 100:1 Currency Pairs 50 Trading platforms \t\t\t\t\t\t\t\tDemo\t\t \t\t\t\t\t\t\t\tWebtrader\t\t \t\t\t\t\t\t\t\tMt4\t\t \t\t\t\t\t\t\t\tMT5\t\t \t\t\t\tFunding Methods\t\t\t\t \t\t\t Regulated by CYSECCFTCNFA What you can trade Forex Indices Actions Cryptocurrencies Raw Materials Average spread EUR\/GBP 1.5 EUR\/USD 1.3 EUR\/JPY 1.6 EUR\/CHF 3.1 GBP\/USD 1.9 GBP\/JPY 3.6 GBP\/CHF 4.2 USD\/JPY 1.5 USD\/CHF 2.0 CHF\/JPY - Additional Fee Continuous rate - Conversi\u00f3n 1.3 pips Regulation No FCA No CySEC No ASIC Yes CFTC Yes NFA No BAFIN Review Open Account CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Rates and assets Rating Total cost \u20ac0.11 \t\t\t \t\t\t\t\t\t\t\t\t\t\tCommission\t\t\t\t\t\t\t\t\t\t0.11\t\t\t\t\t\t\t\t\t Mobile App 9\/10 Min.Deposit \u20ac0 Spread min. 0.0 pips Leverage max 2:1 Currency Pairs 50 Trading platforms \t\t\t\t\t\t\t\tDemo\t\t \t\t\t\t\t\t\t\tWebtrader\t\t \t\t\t\t\t\t\t\tMt4\t\t \t\t\t\t\t\t\t\tSTP\/DMA\t\t \t\t\t\tFunding Methods\t\t\t\t \t\t\t Regulated by CYSECASIC What you can trade Forex Indices Actions Cryptocurrencies Raw Materials Etfs Average spread EUR\/GBP 0.0 EUR\/USD 0.0 EUR\/JPY 0.0 EUR\/CHF 0.0 GBP\/USD 0.0 GBP\/JPY 0.0 GBP\/CHF 0.0 USD\/JPY 0.0 USD\/CHF 0.0 CHF\/JPY 0.0 Additional Fee Continuous rate - Conversi\u00f3n 0.0 pips Regulation No FCA No CySEC Yes ASIC No CFTC No NFA No BAFIN Review Open Account Trading leveraged products such as CFDs involves substantial risk of loss and may not be suitable for all investors. 83% of retail investor accounts lose money when trading CFDs with this provider. Trading such products is risky and you may lose all of your invested capital. Rates and assets  Compare Forex Brokers Fees:Use our side-by-side comparison table to compare Forex broker accounts, spreads and fees. \t\t \t\t \t\t\t\t\t\t\t\t\t Recommended 8cap Visit Broker 71% of retail investor accounts lose money when trading CFDs with this provider.... Forex.com Visit Broker CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.... VantageFX Visit Broker CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.... AvaTrade Visit Broker 71% of retail investor accounts lose money when trading CFDs with this provider.... Rating\t\t\t\t5\t\t\t\t4.5\t\t\t\t5\t\t\t\t5\t\t Mobile App\t\t\t\t\t10\/10\t\t\t\t\t10\/10\t\t\t\t\t10\/10\t\t\t\t\t10\/10\t\t Regulation\t\t\t\t\t\t\t\t\t\tCFTCNFA\t\t\t\t\t\t\t\t\t\tCYSECASICCBFSAIBVIFSCFSCAFSAFFAJADGMFRSA Bill Min.Deposit $250$100$200$100 Leverage max 100 100:1 500 400 Forex pairs 40 50 40 50 \t \t\t \t Fees & spreads EUR\/GBP N\/A 1.5 N\/A 1 EUR\/USD N\/A 1.3 N\/A 0.9 EUR\/JPY 0.3 1.6 N\/A 1 EUR\/CHF 0.2 3.1 N\/A 1 GBP\/USD N\/A 1.9 N\/A 1 GBP\/JPY 0.1 3.6 N\/A 1 GBP\/CHF 0.3 4.2 N\/A 1 USD\/JPY N\/A 1.5 N\/A 1 USD\/CHF 0.2 2.0 N\/A 1 CHF\/JPY 0.3 N\/A N\/A 1 EUR\/RUB - N\/A N\/A 1 USD\/RUB - N\/A N\/A 1 Additional Fee Continuous Fee VariablesN\/AN\/AN\/A Conversion Fee Variablespips1.3pipsN\/AN\/A Trading platforms Demo Webtrader Copytrading \t Mt4 STP\/DMA \t Ctrader \t MT5 \t Avasocial \t Ava Options \t Leverage FCA CYSEC ASIC \t CFTC NFA \t BAFIN \t CMA \t SCB \t DFSA \t CBFSAI \t BVIFSC FSCA \t FSA FFAJ \t ADGM FRSA \t Active Forex Indices Actions \t Cryptocurrencies Raw Materials \t Etfs \t \t Additional characteristics Islamic Account \t Education & Webinars Charts & Tools \t Scalping Spread Betting \t Automated Trading Free Forex Signals \t\t Payment methods Bank Transfer Credit Card \t Giropay Neteller Paypal Sepa Transfer Skrill Sofort Best Forex Brokers for Australian Traders Plus500Plus500RegulationMin DepositPlatformOpen an AccountASIC, FCA + Others$100Plus500 Platform Trade NowPros: Easy to use trading platform. Smaller minimum deposit. Quick and easy to open an account. Fast and helpful customer support. Cons: Some countries not accepted. Educational resources not as great as others.Plus500 is a market maker broker that offers their own trading platform that is very easy to use.This broker offers trading on pretty much every market you could think of. If you cannot find what you are looking for on another broker, then Plus500 is probably for you. After signing up you get access to everything from Forex through to options and even ETF trading.Plus500 offers large leverage, very small spreads and no commission trading making it a very good options for many different types of trading strategies. Trade NowYour capital is at risk. IC MarketsIC MarketsRegulationMin DepositPlatformOpen an AccountASIC, CySec.\u00a0$200MT4, MT5 and cTrader Trade NowPros: No withdrawal or deposit fees. Low trading costs. High leverage. Cons: No protection EU traders. Live chat at times can be slow.IC Markets is also an Australian based broker that is regulated by ASIC.This broker has been around a long time and is now one of the biggest brokers in the world.IC markets has a huge offering that caters to all types of traders. You have the ability to use any indicators or EA’s you like as well as use strategies like scalping.You can use many different platforms such as MT4, MT5 and cTrader that are available on both desktop and mobile devices. Trade NowYour capital is at risk. FXCMFXCMRegulationMin DepositPlatformOpen an AccountFCA, ASIC + others.$300Trading Station, MT4 and NinjaTrader Trade NowPros: Very good education available. Easy to quickly open an account. Multiple account types available. Low spreads. Cons: Not as many markets as others. Higher minimum deposit.FXCM is a leading global broker that has been offering it’s services since 1999.FXCM has a huge range of trading services that include foreign exchange (FX) trading, CFD trading and spread betting. With FXCM you have access to multiple trading platforms, tools and premium resources to help you gain an edge over the markets.One of the reasons so many choose to trade with FXCM is because of their extensive range of markets you can trade. You get access to everything from Forex, shares, cryptocurrencies, commodities and indices. Trade NowYour capital is at risk. PepperstoneRegulationMin DepositPlatformOpen an AccountASIC, FCA + Others$200MT4, MT5 and cTrader Trade NowPros: It is regulated by ASIC and FCA. Offers various trading platforms. Low FX, equity, and indices fees. Excellent customer service. Free deposit and withdrawal. Cons: No investor protection for non-EU traders. No fundamental data analysis.Pepperstone is an Australian based broker and is widely regarded as one of the best Forex brokers in the world.With Pepperstone you have the ability to trade on Forex, gold, indices, equities, and more. One of the biggest benefits to Pepperstone is the availability of not just MT5, but also other different trading platforms. You can choose any of the MT4, MT5, and cTrader that come on desktop, mobile and web trading.Pepperstone offer very comprehensive education and analysis that ranges from market news, analysis, an economic calendar, guides, webinars, and more.Another large benefit to Pepperstone is their small trading costs. Pepperstone offer very small spreads and charge low commissions per round trade. Trade NowYour capital is at risk. Is Forex Trading Legal in Australia?Yes, Forex trading is legal in the Australia.To guarantee your funds protection you should make sure you are trading with an Australian regulated broker.The regulator in Australia is ASIC and they are an independent commission of the Australian Government that are given the job as the national corporate regulator. ASIC’s role is to regulate company and financial services and enforce laws to protect Australian consumers, investors and creditors.Trading in Australia with an ASIC regulated broker will ensure your funds are safe and you are with a reputable broker. How to Start Trading in the Australia?To start trading legally in Australia you should find a broker that is tightly regulated in Australia by ASIC to ensure your funds are safely protected.As we go through in our list above, the best five brokers that are regulated by ASIC and you can start trading with today are;#1: Plus500#2: FXCM#3: IC Markets#4: Pepperstone What to Look for in a Australian Forex BrokerCorrect RegulationWhen looking to deposit and trade with a Forex broker it is incredibly important you make sure that the broker is strongly regulated. This will make sure you are getting the best trading conditions and your funds are safe. This will also ensure that if anything does go wrong with your broker that there is a complaint procedure in place to solve any issues.Protection of FundsIf you are trading with a broker that either has no regulation or very thin regulation, then you funds are at risk.The world’s strongest regulators make brokers segregate client funds. This basically means that your funds are not pooled with the brokers. If anything happens to the broker, then your funds are not going to be at risk.Negative Balance ProtectionNegative balance protection can be incredibly important. In years gone past we have seen some huge market crashes and flashes. This has caused traders accounts to go well below what they first deposited and the broker coming after them for the extra money they have lost.Having a broker with negative balance protection means that you cannot ever lose more than what you deposit. How to Check if Australian Broker is RegulatedIf you want to see if a broker is regulated in Australia, then you can check the ASIC register at their website here.This register will help you make sure that the broker you want to trade with is in fact regulated and correctly registered with ASIC. FAQ’s \t\t\t\tIs Forex trading legal in Australia? \t\t\t\t\t \t\t\t\t\t\tYes, Forex trading is legal in the Australia. To guarantee your funds protection you should make sure you are trading with an Australian regulated broker. \t\t \t\t\t\tHow do I check if Forex broker is regulated in Australia? \t\t\t\t\t \t\t\t\t\t\tIf you want to see if a broker is regulated in Australia, then you can check the ASIC register at their website here; https:\/\/asic.gov.au\/online-services\/search-asics-registers\/ \t\t \t\t\t\tHow do I start trading in the Australia? \t\t\t\t\t \t\t\t\t\t\tTo start trading legally in Australia you should find a broker that is tightly regulated in Australia by ASIC to ensure your funds are safely protected. \t\t {\t\t\"@context\": \"https:\/\/schema.org\",\t\t\"@type\": \"FAQPage\",\t\t\"mainEntity\": [\t\t\t\t{\t\t\t\t\"@type\": \"Question\",\t\t\t\t\"name\": \"Is Forex trading legal in Australia?\",\t\t\t\t\"acceptedAnswer\": {\t\t\t\t\t\"@type\": \"Answer\",\t\t\t\t\t\"text\": \"Yes, Forex trading is legal in the Australia. 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