Trading forex in Australia has never been simpler – all you need is an account with an ASIC-regulated broker that supports your preferred currency pairs. But which forex broker is best in 2023?
In this guide, we compare the 10 best forex brokers in Australia for supported pairs, low fees, tight spreads, trading tools, speedy payments, and much more.
Listed below are the 10 best forex brokers in Australia for 2023: We will now review the best forex brokers in Australia for 2023. Read on to find the most suitable broker for your forex trading needs. eToro is an established forex broker that holds licenses from several tier-one bodies. This includes the Australian Securities and Investments Commission (ASIC), which ensures that Australians can trade and invest safely. What’s more, eToro’s ASIC regulation means it must keep client funds in segregated bank accounts. eToro is also licensed in the UK, the US, and Europe. In terms of markets, eToro supports over 50 forex pairs. This includes major pairs like EUR/USD and AUD/USD. Minor pairs like AUD/CFD and AUD/CAD are also supported, alongside a selection of exotics. All forex pairs on eToro can be traded with leverage. According to ASIC regulations, Australians can trade with leverage of up to 1:30. This means that a $100 account balance can be amplified to $3,000 worth of trading capital. The minimum trade size on eToro is 0.01 lots, or $1,000. When trading with leverage of 1:30, this brings the minimum trade requirement to $33.33. When it comes to fees, eToro has a spread-only pricing system on forex. This means that you need to cover the gap between the buy and sell prices of your chosen pair. Spreads on eToro start from 1 pip on EUR/USD, which is higher than other forex brokers. Moreover, you will need to pay a deposit fee of 0.5% when funding your account in Australian dollars. This is because your AUD deposit will be converted to USD. The minimum deposit at eToro is $50 and accepted payment types include BPAY, debit/credit cards, PayPal, Skrill, and bank transfers. In terms of user-friendliness, we found that eToro will appeal to beginners. Its trading dashboard offers entry-level tools, such as pricing charts and financial news. You’ll also find technical indicators and drawing tools. Furthermore, eToro offers a free demo account with $100,000 in virtual funds. This enables you to trade forex without risking your own money. Another user-friendly tool on eToro is its copy trading feature. This will appeal to trades who want to buy and sell forex pairs passively. You’ll first need to choose an experienced forex trader to copy and meet a minimum investment of $200. Thereon, the same trades will automatically be mirrored in your eToro account. For example, if the trader goes short on AUD/USD, so will you. And if they close the position with gains of 4%, you will also make 4%. eToro also offers a beginner-friendly trading app for iOS and Android. The eToro app has a rating of 4.1/5 on Google Play across over 133,000 reviews. However, on the App Store, the eToro app is rated just 3.5/5. In addition to forex, eToro also supports other assets. For example, you can buy Bitcoin, Ethereum, Ripple, and many other cryptocurrencies. It also offers one of the best crypto wallets for storing cryptocurrencies in a regulated environment. eToro also offers over 3,000 commission-free stocks and ETFs, not to mention commodities and indices. Pros Cons
74% of retail investor accounts lose money when trading CFDs with this provider. XTB is an established forex broker that also supports CFD markets. This includes stocks, ETFs, commodities, and indices. When trading forex at XTB, you’ll have access to 48 currency pairs. Some of the most traded markets include EUR/USD, GBP/USD, and AUD/USD. XTB doesn’t charge any trading commissions when you trade forex. Instead, you’ll only need to cover the spread. Standard accounts at XTB come with minimum spreads of 0.3 pips on major pairs. However, the real-time spread is often higher than this. As such, you’ll need to assess spreads when setting up your trade. Forex can be traded on XTB 24 hours per day, between Sunday and Friday. There is a minimum margin requirement of 3.33% on major pairs. This means you’ll need to have at least $33.33 in your account for every $1,000 traded. Some minor pairs and all exotics come with higher margin requirements of 5%. This is in line with ASIC limits for Australian retail clients. In terms of useability, XTB is more suitable for intermediate and experienced traders. This is because its proprietary suite, xStation 5, comes packed with advanced features. This includes super-fast execution speeds, drawing tools, and technical indicators. It also comes with risk management tools, market sentiment bars, and an in-built economic calendar. xStation 5 is available online, via desktop software, and an iOS/Android app. XTB offers a demo account with $100,000 in paper funds – which enables you to try xStation 5 risk-free. You’ll have four weeks to use the demo account until it expires. When it comes to payments, XTB accepts debit/credit cards and e-wallets. Bank wires are also supported. There’s no minimum deposit requirement to meet. Although XTB isn’t regulated by ASIC, it does hold licenses with other financial bodies. This includes the UK’s FCA and CySEC in Cyprus. Moreover, XTB is covered by the UK’s FSCS. This means that if XTB went bankrupt, the FSCS would cover client accounts up to £85,000 (about $163,000). As an XTB client, Australian residents are also eligible for the FSCS – even though they don’t live in the UK. All that being said, you’ll need to consider whether you feel comfortable using a forex broker that isn’t regulated in Australia. Another drawback of XTB is that it charges inactivity fees. If you don’t place a trade within 12 months, your account will be marked as dormant. Thereon, XTB will deduct $10 from your account every month until you place a trade. If your account is already empty, no funds will be collected. Pros Cons
78% of retail investor accounts lose money when trading CFDs with this provider. If trading fees are your main priority, Libertex could be the best forex broker for you. Like many forex brokers, Libertex offers a commission-free pricing system. However, its spreads are very competitive – especially on major forex pairs. For example, the average spread on EUR/USD and GBP/USD is just 0.2 pips. If you’re looking to trade AUD/USD, spreads average 0.6 pips. Crucially, these are the ‘average’ spreads over the prior 24 hours – not the ‘minimum’. Libertex is also one of the few forex brokers in Australia to waive swap fees. These are fees charged when you hold a forex position open past market hours. As such, Libertex is also suitable for longer-term forex strategies – such as swing trading. The commission-free offering at Libertex is also available on other CFD assets. This includes cryptocurrencies, stocks, ETFs, indices, and commodities. We found that spreads are competitive across these markets too. In terms of leverage, you’ll get 1:30 on major forex pairs, as per ASIC limits. There is a small minimum deposit requirement of $10 at Libertex. However, you’ll need to deposit at least $33.33 to cover the minimum forex margin requirement. Or, if you’re trading minors/exotics, $50 will be required. When it comes to trading platforms, Libertex supports MT4 and MT5. These platforms will suit advanced forex traders seeking drawing tools, custom order types, and technical indicators. If you’re an entry-level forex trader, you might prefer the Libertex web trading dashboard. This comes with fewer analysis features but the layout is more suitable for newbies. Either way, all platforms support 50 forex pairs and offer the same pricing structure. Libertex also has its own trading app for iOS and Android. Reviews in the public domain are mixed. For example, the Libertex app on Google Play is rated 4.2/5. On iOS, Libertex is rated just 3/5. However, this is across just two ratings. In terms of safety, Libertex has been operational for over 25 years and has three million clients. That said, Libertex isn’t regulated by ASIC. It does, however, hold a brokerage license with CySEC. Pros Cons
Trading in financial instruments is a risky activity and can bring not only profits but also losses. CMC Markets is a licensed forex broker that’s authorized and regulated by ASIC. It also holds licenses with other tier-one bodies, including the UK’s FCA and CIRO in Canada. One of the main features of CMC Markets is its support for over 330 forex pairs. This covers all majors and minors, plus dozens of exotics. The latter includes MXN, TRY, CZK, CNH, and NOK. Therefore, CMC Markets is suitable if you want exposure to more volatile currencies. In addition to forex, CMC Markets supports thousands of other CFD instruments. This includes bonds, cryptocurrencies, commodities, and stocks. CMC Markets also supports forex indices. These enable you to trade individual currencies, rather than pairs. The indices will contain a basket of different pairs for your chosen index. For example, suppose you want to trade the Australian dollar. In this instance, the indices contain multiple AUD pairs – such as AUD/USD, AUD/SGD, AUD/NZD, and AUD/GBP. The index is weighted based on the amount of liquidity each pair attracts. In terms of trading fees, CMC Markets is a commission-free forex broker. So it’s only the spread that needs to be covered. The minimum spread on AUD/USD is 0.6 pips. While EUR/USD can be traded from just 0.5 pips. However, these are the ‘minimum’ spreads and not the average. As such, you might find that the spreads are actually much higher. Pros Cons
Investing in CMC Markets derivative products carries significant risks and is not suitable for all investors. GO Markets is a user-friendly forex broker that supports dozens of currency pairs. There are two accounts to choose from at this popular broker. First, there is the standard account. This offers 0% commission forex trading and spreads start from 0.8 pips. This account is aimed at casual traders who want to trade with smaller amounts. Alternatively, active traders might consider the Go Plus account. While this comes with a commission of $3 per traded lot, spreads start from 0.0 pips. Both account types at Go Markets have a minimum trade size of 0.01 lots. That’s $1,000 or $33.33 when applying leverage of 1:30. Go Markets is a licensed forex broker, authorized and regulated by ASIC. It supports AUD payments with multiple deposit methods, including BPAY, debit/credit cards, and e-wallets. The latter includes Skrill and Neteller. All supported payment methods are fee-free. That said, the minimum deposit at Go Markets is $200, which is higher than most other forex brokers. Moreover, Go Markets doesn’t have its own native trading suite. Instead, it supports third-party platforms, including MT4, MT5 and cTrader. Standard account offers 0% commission trading with minimum spreads of 0.8 pips Go Plus account offers spreads from 0.0 pips with a commission of $3 per traded lot Pros Cons
Trading in CFDs carries significant risks and is not suitable for everyone. Founded in 2006, AvaTrade is a reputable forex broker that is licensed in nine different countries. This includes authorization and regulation from ASIC, meaning that Australia can trade forex safely. There is just one account type to choose from on AvaTrade and this offers 0% commissions on all supported markets. You’ll have access to 53 pairs here, split across the majors, minors, and exotics. Spreads start from 0.9 pips on EUR/USD and 1.1 pips on AUD/USD. Leverage of up to 1:30 is available on majors, and 1:20 on minors/exotics. In addition, AvaTrade is also one of the best forex brokers in Australia for trading currency options. It has a dedicated platform for options and multiple strategies are supported. This includes risk reversals and straddles. You’ll need to deposit at least $100 to get started at AvaTrade, although demo accounts are also supported. Pros Cons
Trading CFDs and FX Options entails risk and could result in the loss of your capital. Skilling is a low-fee forex broker that supports Australian traders. Its premium account offers minimum spreads of 0.1 pips on major forex pairs. This attracts a commission of $30 for every $1 million traded. This converts to about $3 for every traded lot, per slide. That said, the premium account comes with a minimum deposit of €5,000 or about $8,200. If this is out of reach, Skilling also offers standard accounts. The minimum deposit is reduced to €100 or about $165. The standard account offers 0% commission on all forex markets, but minimum spreads are higher at 0.7 pips. Both account types offer leverage of up to 1:30 and access to 73 forex pairs. The minimum trade size is 0.01 lots, which is standard across most forex brokers. The main drawback is that Australian clients fall under the remit of the Financial Services Authority Seychelles (FSA), as Skilling is not regulated by ASIC. Premium accounts offer minimum spreads of 0.1 pips, plus a commission of $30 per $1 million traded Pros Cons
Trading financial products on margin carries a high degree of risk and is not suitable for all investors. Blueberry Markets is a domestic forex broker headquartered in Sydney. Authorized and regulated by ASIC, Blueberry Markets has a 4.9/5 score on Google across 1,650 individual reviews. Many existing clients praise Blueberry Markets for its top-notch customer support and transparent trading fees. There are two forex account types to choose from at Blueberry Markets. The direct account offers zero spreads on major pairs, alongside a commission of $7 per round lot. There’s also a commission-free account but this comes with a minimum spread of 1 pip. Both accounts have a minimum deposit of $100. Blueberry Markets also supports other assets – including stocks, commodities, and indices. However, it lists just 300 markets in total, which is a lot less than other online brokers. Moreover, Blueberry Markets doesn’t have its own native trading suite. Instead, you’ll need to choose from MT4 or MT5. Direct accounts offer minimum spreads of 0.0 pips, plus a commission of $7 per round lot Pros Cons
Trading FX and CFDs on margin involves a high level of risk and may not be suitable for all investors. Voted broker of the year in 2022 by TradingView, Pepperstone is a popular forex trading platform that’s also worth considering. By opening a Pepperstone razor account you will have access to institutional-grade forex spreads. This starts from 0.0 pips on many pairs, including AUD/USD. There is a small commission of $3.50 per traded lot on this account type. That said, unlike many zero-spread forex accounts, there are no minimum deposit requirements at Pepperstone. If you prefer trading without commissions, Pepperstone also offers a standard account. This comes with a standard spread of 1 pip on AUD/USD. Both account types offer leverage of up to 1:30 to Australian retail clients. In addition to TradingView, Pepperstone also supports MT4, MT5, and cTrader. Moreover, Pepperstone also supports other asset classes, backed by CFDs. This includes commodities, indices, stocks, ETFs, and cryptocurrencies. Pepperstone is considered a safe broker and is regulated by ASIC. Razor accounts offer minimum spreads of 0.0 pips, plus a commission of $3.50 per traded lot Pros Cons
Trading CFDs and FX is risky. IG is a popular trading platform that supports over 17,000 financial instruments. Authorized and regulated by ASIC, IG offers two primary account types. First, casual traders might prefer the standard account, which offers 0% commission trading. This offers a minimum spread of 0.6 pips on AUD/USD and EUR/USD. That said, the average spread is much higher at 1.01 pips and 1 pip respectively. Second, IG also offers direct market access (DMA) accounts. These are aimed at experienced forex traders and provide access to other market participants. In other words, banks and financial institutions. As such, DMA accounts offer the lowest forex spreads in the market – often at 0.0 pips. This account type comes with a commission of $10 per $1 million traded. This is competitive, as it converts to about $1 per traded lot, per slide. DMA accounts offer institutional-grade spreads plus a commission of $10 per $1 million traded Pros Cons
In order to rank the 10 best Australian forex brokers, we utilized a strict methodology. This consists of various stages, which are outlined below The above methodology enabled us to rate each Australian forex broker and provide a top-10 ranking list based on these metrics. In a nutshell, forex brokers allow you to trade currency pairs. More specifically, you’ll be speculating on the exchange rate between two currencies. For example, if you believe the exchange rate between the Australian and US dollar will increase, you’ll go long on AUD/USD. Or, if you believe it will decrease, you’ll be going short. Either way, forex brokers sit between traders and the interbank currency markets. According to the Bank for International Settlements, trillions of dollars worth of currencies are exchanged between banks and financial institutions every day. As a retail client, you’ll have access to this marketplace from the comfort of your home. That being said, some of the best forex brokers in Australia specialize in CFDs (contracts-for-differences). This means that you won’t own the underlying currencies that you’re trading. CFDs simply track interbank currency prices. These prices are based on the liquidity providers that the respective forex broker has access to. This is why market spreads vary from one broker to the next. In addition to providing market access, forex brokers offer plenty of other tools and services. This often includes proprietary trading software that comes with technical indicators, charting tools, and market insights. Forex brokers also offer leverage, allowing Australian retail clients to trade with up to 1:30 on major pairs. What’s more, forex brokers also take care of deposits and withdrawals, account sign-ups, and client onboarding. There are several types of forex brokers in the Australian market. It’s important to understand how each broker works before opening an account. Here’s what you need to know: Some of the best forex brokers in Australia offer multiple account types. This often means you can choose from 0% commission trading or ECN/STP spreads. You’ll need to do some solid research when choosing the best forex trading platform in Australia. For example, the types of pairs supported, what spreads and commissions are charged, and whether there’s a minimum deposit requirement in place. Customer service, user-friendliness, trading tools, and other metrics should also be considered. Read on to discover the most important factors when selecting a forex broker in 2023. The best forex brokers in Australia are authorized and regulated by ASIC. This is very important, as ASIC is responsible for regulating and overseeing the Australian financial markets. Forex brokers fall within ASIC’s remit, ensuring that Australian retail clients can trade safely. For example, ASIC-regulated brokers must comply with client money reporting rules. This means keeping client funds in segregated bank accounts and periodically reporting balances to ASIC. Put otherwise, ASIC brokers cannot use your trading capital to fund their operations. In addition, ASIC brokers must also comply with the regulator’s rules on leverage. According to ASIC licensing guidelines, Australian retail clients are capped at leverage of 1:30 on majors, and 1:20 on minors/exotics. Higher limits are only available to professional clients. This ensures that retail clients avoid trading more than they can afford to lose. Ultimately, when researching the best forex brokers in Australia, your first port of call should be ASIC regulation. You’ll find its ASIC licensing number on the broker’s website. You can verify this on the ASIC register. The best forex brokers in Australia support a wide range of pairs. But you’ll need to assess what’s available before proceeding. For example, one of the most traded pairs in Australia is AUD/USD. This is classed as a major pair, so it’s supported by most forex brokers. However, if you’re looking to trade AUD against other currencies, this will fall in the ‘minor’ or ‘exotic’ class. Examples of minor pairs include AUD/NZD, AUD/CAD, and AUD/CHF. Exotics include AUD/TRY and AUD/MNX. If you’re a beginner, it’s best to focus on major pairs like AUD/USD. They attract the most liquidity, so you’ll usually get competitive spreads. Majors are also less volatile than minors and exotics, so you’ll witness more stable price movements. Fees will have a direct impact on your forex trading profits. So it’s important to understand what your chosen broker charges. Forex brokers will either charge a spread, commission, or a combination of both. This will vary depending on your chosen forex broker and the type of account you open. For example: In addition, overnight funding (also called ‘swap fees’) should be assessed. This is the interest you pay to keep leveraged forex positions open overnight or over the weekend. Most forex brokers display their funding rates for each pair. In some cases, you might get a rebate from the broker, depending on whether you’re long or short. Once you’ve covered spreads, commissions, and overnight funding, it’s important to assess non-trading fees. This includes fees on deposits and withdrawals. That said, the best forex brokers in Australia offer fee-free payments, but you should check nonetheless. Another charge to look for is inactivity fees. This is charged when your forex account is marked as dormant because you haven’t placed a trade for a certain number of days. This can be anywhere from three months to a year. Once the inactivity fee is triggered, your account will be debited each month. This will continue until you place a trade or your account balance goes to zero. To avoid paying inactivity fees, withdraw your balance in full if you’re not planning on using the forex account. Trading tools help you analyze the forex markets and make informed decisions. Therefore, the top forex brokers in Australia offer a range of tools. This should include a charting platform that aligns with your skill set. For example, we found that eToro’s charting tools are popular with beginners. It offers a simple charting interface with entry-level indicators and drawing tools. You can test these tools out risk-free via the eToro demo account. What’s more, eToro offers a copy trading tool that is aimed at newbies. This enables you to copy an experienced forex trader like-for-like. However, eToro might not be suitable if you’re looking for more advanced trading tools. For example, if you’re looking to perform high-level technical analysis, MT4 or MT5 will be more suitable. There are many forex brokers in Australia that support these platforms, including XTB, Libertex, CMC Markets, and Pepperstone. MT4/5 also supports advanced order types and support for algorithmic trading. We also rate forex brokers that offer market insights. This often includes sentiment bars, showing you whether the markets are long or short on a specific currency pair. Financial news and economic calendars are also useful when analyzing the markets. All of the Australia forex brokers discussed on this page support leverage. As per ASIC regulations, your margin requirements are capped depending on the pair: Minimum margin requirement: Importantly, if you’re searching for forex brokers with high leverage, you’ll only get higher limits if you qualify as a professional client. You can read more about ASIC’s client status requirements here. Check the minimum deposit requirements when choosing a forex broker. This will vary depending on the provider and the account type. For example, the standard account at Skilling requires a minimum deposit of €100 (approx. $165). But if you open a premium account, this increases to €5,000 (approx. $8,200). Some forex brokers have very low account minimums. For example, eToro requires just $50 from Australian clients. There is no minimum requirement at Pepperstone and XTB. At IG, the minimum deposit requirement is $450 when using a debit/credit card or PayPal. This might be too high for beginners, as it’s a lot of money to risk. We only consider forex brokers that offer a risk-free demo account. They usually track the live forex markets, so you can assess how the platform performs. For instance, how quickly orders are executed and filled by the broker. If there’s often a prolonged delay, this could mean the broker has limited liquidity. Additionally, demo accounts allow you to view the average spreads on your preferred forex pairs. You might find that they’re a lot higher than what the broker advertises on its website. And of course, demo accounts allow you to practice trade. This includes creating orders, performing technical analysis, and applying leverage. We also rank forex brokers highly when they offer a mobile app for iOS and Android. This will connect to your main forex account and enables you to trade currencies on the move. For example, you might need to enter a new position on AUD/USD while you’re away from your desktop device. Or, you might want to close an existing position to lock in your profits. Either way, the best forex brokers in Australia offer a seamless and fully-optimized mobile experience. You should also assess what deposit and withdrawal methods the forex broker supports. Many brokers accept debit/credit cards, e-wallets, BPAY, and POLi. Minimum deposits can vary depending on the selected payment method – so check this before proceeding. For example, we mentioned earlier that IG has a minimum deposit of $450 on debit/credit cards and PayPal. However, the minimum deposit requirement is scrapped if you deposit funds via a local bank transfer. If you need assistance on your forex account, you’ll want instant access to a support agent. This means you should choose a forex broker that offers live chat support with acceptable waiting times. Moreover, make sure the support team operates during Australian business hours. In most cases, support is available 24/5, between Sunday and Friday. This aligns with forex trading sessions across Asia-Pacific, North America, and Europe. Some forex brokers offer live support 24/7, meaning you can obtain assistance over the weekend. We’ve ranked the top 10 forex brokers in Australia and found that eToro is the best option for beginners. It has a small minimum deposit requirement of $50, offers a free demo account, and allows you to trade forex in micro-lots. Moreover, eToro offers entry-level analysis tools and even a copy trading feature – allowing you to trade forex passively. eToro is authorized and regulated by ASIC, so you can trade safely.
74% of retail investor accounts lose money when trading CFDs with this provider.The Best Forex Brokers for Beginners Ranked
The Best Forex Brokers for Beginners Ranked
1. eToro – Overall Best Forex Broker in Australia for Beginners [Supports Copy Trading]
No. Forex Pairs
Pricing System
USD/AUD Spread
Max Leverage
Min. Deposit
Top Features
52
Minimum spread of 1 pip
1:30
$50
2. XTB – Trade Major Forex Pairs at 0% Commission and Spreads From 0.3 Pips
No. Forex Pairs
Pricing System
USD/AUD Spread
Max Leverage
Min. Deposit
Top Features
48
Minimum spread is currently 1.1 pips
1:30
No minimum
3. Libertex – Tight Spreads Starting From 0.2 Pips on Major Forex Pairs
No. Forex Pairs
Pricing System
USD/AUD Spread
Max Leverage
Min. Deposit
Top Features
50
Average spread of 0.6 pips
1:30
$10
4. CMC Markets – ASIC-Regulated Forex Broker Supporting Over 330 Currency Pairs
No. Forex Pairs
Pricing System
USD/AUD Spread
Max Leverage
Min. Deposit
Top Features
330+
Minimum spread of 0.6 pips
1:30
No minimum
5. Go Markets – Two Forex Trading Accounts to Choose From – Including Spreads From 0.0 Pips
No. Forex Pairs
Pricing System
USD/AUD Spread
Max Leverage
Min. Deposit
Top Features
Not stated, but supports all majors and minors, plus a selection of exotics
Average spread of 0.1 pips on the Go Plus account
1:30
$200
6. AvaTrade – 0% Commission Forex Broker With Currency Options
No. Forex Pairs
Pricing System
USD/AUD Spread
Max Leverage
Min. Deposit
Top Features
53
Trade forex on a spread-only basis
Minimum spread of 1.1 pips
1:30
$100
No. Forex Pairs
Pricing System
USD/AUD Spread
Max Leverage
Min. Deposit
Top Features
73
Standard accounts offer 0% commission and minimum spreads of 0.7 pips
Minimum and average spread of 0.4 pips and 0.6 pips, respectively (premium accounts)
1:30
Approx. $165 (standard) and $8,200 (premium)
8. Blueberry Markets – Sydney-Based Forex Broker With Zero-Spread Accounts [$100 Minimum Deposit]
No. Forex Pairs
Pricing System
USD/AUD Spread
Max Leverage
Min. Deposit
Top Features
38
Standard accounts offer 0% commission and minimum spreads of 1 pip
Currently 0.1 pip (direct account)
1:30
$100
9. Pepperstone – Get Institutional-Grade Forex Spreads Without Meeting a Minimum Deposit
No. Forex Pairs
Pricing System
USD/AUD Spread
Max Leverage
Min. Deposit
Top Features
60+
Standard accounts offer 0% commission and minimum spreads of 1 pip
Minimum spread of 1 pip (standard) and 0.0 pips (razor)
1:30
No minimum
10. IG – Established Forex Broker With Competitive Spreads and Commissions
No. Forex Pairs
Pricing System
USD/AUD Spread
Max Leverage
Min. Deposit
Top Features
80+
Standard accounts offer 0% commission and minimum spreads of 0.6 pips
Minimum and average spread of 0.6 pips and 1.01 pips, respectively (standard accounts)
1:30
$450 when using a debit/credit card or PayPal. No minimum deposit on bank transfers.
Our Methodology: How we Test Forex Trading Platforms
Forex Brokers Explained
Types of Forex Brokers
How to Pick the Best Forex Broker for You
Regulation and Safety
What if my Forex Broker Isn’t Regulated by ASIC?
Types of Forex Pairs
Fees
Spreads and Commissions
How do Forex Trading Commissions Work?
Non-Trading Fees
Trading Tools & Market Analysis
Leverage and Margin
How Does Forex Leverage Work?
Minimum Deposit
Demo Account
Mobile App
Payment Methods
Customer Service
Conclusion
References
FAQs
Which is the best forex broker in Australia?
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