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Best Forex Brokers In Australia 2024

Forex trading is quite popular in Australia. The foreign exchange market, or Forex, is the largest financial market in the world, where participants trade currencies. Australia has a well-developed financial sector and a strong economy, which contributes to the popularity of Forex trading among Australians.

Australia has a well-established regulatory framework for Forex trading. The Australian Securities and Investments Commission (ASIC) is the regulatory body responsible for overseeing the Forex brokers operating in the country. ASIC’s regulation helps provide a level of security and consumer protection for Australian traders.

Axi, formerly known as AxiTrader, is a reputable global forex and CFD broker that has established itself as a prominent player in the financial markets. Based in Sydney, Australia, the…
2007
Australia
Axi is regulated by the following financial authorities : UK + European clients – Financial Conduct Authority (FCA) Australian and New Zealand clients – Australian Securities and Investments Commission (ASIC)
ECN
$0
1:500
MT4, Axi Trading Platform
fusion markets

Fusion Markets

Fusion Markets is a forex and CFD broker that was founded in 2019. The company is headquartered in Australia and is regulated by the Australian Securities and Investments Commission (ASIC)….
2017
Australia
Fusion Markets is regulated by the Australian Securities and Investment Commission (385620) and Vanuatu Financial Services Commission (40256).
ECN
None
1:500
MT4, MT5, cTrader
Trade Nation

Trade Nation

Trade Nation formerly known as Core Spreads, an award-winning, industry leader in low-cost trading. The company grew from a small, one-office team into a global trading presence. Core Spreads was…
2014
United Kingdom
FCA, ASIC, FSCA and SCB
ECN
$1
1:200
MT4, MT5
Vantage Markets

Vantage Markets

Vantage is a global, multi-asset broker offering clients access to a nimble and powerful service for trading CFDs on Forex, Commodities, Indices, Shares, and Cryptocurrencies. With more than 10 years…
2009
Australia
Vantage is a trademark of Vantage Global Limited. Vantage Global Limited is authorised and regulated by the VFSC under Section 4 of the Financial Dealers Licensing Act [CAP 70] (Reg. No. 700271).
STP
$50
1:500
MetaTrader 4, MetaTrader 5, Web-based Platform, Proprietary App, ZuluTrade, MyFXBook, DupliTrade
Jarden Securities

Jarden Securities

Jarden Securities is a New Zealand-based investment bank and securities firm. It is wholly owned by Jarden Limited, a diversified financial services company. Jarden Securities offers a range of services…
1961
New Zealand
Jarden Securities Limited was formally censured by the FMA for contraventions by OM Financial Limited as a licensed derivatives issuer. Jarden Australia Pty Ltd holds an Australian Financial Services Licence (AFSL number 485351) issued by the ASIC.
ECN
No Minimum
1:1
x24, MarketTrader, CommTrade
With over 5,000,000 clients since it was founded in 2009, XM has grown to a large and well-established international investment firm and has become a true industry leader. XM is…
2009
Belize
The XM Group is licensed by ASIC in Australia (Trading Point of Financial Instruments Pty Limited), by CySEC in Cyprus (Trading Point of Financial Instruments Ltd), by the FSC in Belize (XM Global Limited) and by the DFSA (Trading Point MENA Limited), adhering to enhanced regulatory standards.
ECN
$5
1:1000
MT4, MT5, WebTrader
acy securities

ACY Securities

ACY Securities is a forex and CFD broker founded in 2013 and regulated by the Australian Securities & Investment Commission (ASIC) and the Vanuatu Financial Services Commission (VFSC). The broker…
2011
Australia
ASIC, VFSC
ECN
$50
1:500
MT4, MT5
Global Prime

Global Prime

Global Prime was founded in 2010 to, at the time, mainly service a growing institutional appetite for MT4 Forex trading. Global Prime is authorised to deal in securities, derivatives and…
2010
Australia
ASIC, VFSC
ECN
$0
1:1000
MT4, MT5, TradingView, cTrader
ic markets

IC Markets

IC Markets (International Capital Markets) is a brokerage company launched in 2007 in Australia by a team of financial professionals. Currently, IC Markets is one of the major brokers in…
2007
Seychelles
Raw Trading Ltd is regulated by the Seychelles Financial Services Authority (FSA) with Securities Dealer’s license number SD018
ECN
$200
1:1000
MT4, MT5, cTrader
cpt markets

CPT Markets Ltd

CPT Markets is a leading provider of international financial derivatives and related services. CPT Markets is an OTC derivatives broker headquartered in Belize and founded in 2010. It provides retail…
2010
Belize
FCA (United Kingdom), FSCA (South Africa), FSC (Belize) (License number IFSC000314/247).
STP, ECN
Classic – 0, Prime – $5000
Max 1:500
MT4, MT5

GMO-Z.com Forex HK Ltd

Z.com Forex Authorized and regulated by the Hong Kong Securities and Futures Commission, Z.com Forex is well-capitalized, adheres to the strict regulatory requirements and offering online forex trading services that…
2011
Hong Kong Securities and Futures Commission
ECN
No Minimum
1:20
Z.com Trader Web, Z.com Mobile Trader

Skilling

Skilling is a rather ambitious Scandinavian CFD broker founded in 2016, aiming to expand its presence in the European and Asian regions. Choose from 900+ top CFD instruments across 7…
2016
Seychelles Financial Services Authority
ECN
100 €
FX 1:500, Crypto 1:2
TradingView, Skilling Trader, Skilling cTrader
OANDA Corporation is a well known FX broker in the US. trusted and regulated for over 25 years. OANDA is registered in the United States and offers a wide variety…
1996
United States
National Futures Association (NFA) and Commodity Futures Trading Commission (CFTC)
Market Maker
0
MT4 desktop, web and mobile, fxTrade Mobile, TradingView
BelleoFX is one of the best online trading brokerage firm founded in 2020 by industry leading experts with a shared commitment to share their expertise and improve the world of…
2020
Dubai, UAE
Financial Services Commission (FSC) of Mauritius as an Investment Dealer (Broker), with a license number GB21027167, Financial Services Authority (FSA) of St. Vincent & The Grenadines, Regulated by DET with a license number 1074850.
ECN
100
1:500
MetaTrader 5
blackbull

BlackBuII Markets

BlackBull Markets is a true regulated ECN broker. BlackBull Markets was founded in Auckland, the technology-focused, financial capital of New Zealand. In 2014, BlackBull Markets’ founders decided to collaborate in…
2014
New Zealand
Seychelles – Company No. 857010-1, BlackBull Group UK Limited (Company Number – 9556804), New Zealand – NZBN 9429049891041
ECN
200
1:500
Trading View, MT4, МТ5, Webtrader, Mobile Platforms

Forex trading in Australia is regulated by the Australian Securities and Investments Commission (ASIC), which is the country’s financial regulatory authority. ASIC’s primary role is to ensure the fairness, transparency, and integrity of the financial markets, including the Forex market.

ASIC imposes strict rules and regulations on Forex brokers operating in Australia to protect the interests of traders. Forex brokers must obtain an Australian Financial Services (AFS) license from ASIC to offer their services to Australian residents. This license ensures that brokers meet certain standards and adhere to specific guidelines set by ASIC.

Under ASIC’s regulation, Forex brokers are required to maintain segregated client accounts, where client funds are held separately from the broker’s operational funds. This measure aims to safeguard client funds and prevent misuse or misappropriation by the broker.

ASIC also imposes leverage restrictions on Forex trading. The maximum leverage that brokers can offer to retail traders is limited to 30:1 for major currency pairs and 20:1 for minor currency pairs. This limitation is designed to protect retail traders from excessive risk exposure.

Additionally, ASIC requires brokers to implement robust risk management procedures, including providing risk warnings to clients and conducting appropriate assessments to determine clients’ suitability for Forex trading. Brokers are also obligated to disclose relevant information about their services, fees, and trading conditions to clients in a clear and transparent manner.

ASIC maintains a register of licensed Forex brokers, which can be accessed by the public. Traders can verify the licensing status and regulatory compliance of brokers before choosing to trade with them. ASIC also has the authority to investigate and take enforcement actions against brokers that violate the regulatory guidelines or engage in fraudulent activities.

Overall, ASIC’s regulation of Forex trading in Australia aims to promote a fair and transparent trading environment, protect traders from misconduct, and maintain the integrity of the financial markets.

FAQ

What are the regulations for forex trading in Australia?

Forex trading in Australia is regulated by the Australian Securities and Investments Commission (ASIC). All forex brokers operating in Australia must hold an Australian Financial Services License (AFSL) issued by ASIC. Traders are advised to choose brokers that are licensed and adhere to strict regulatory guidelines to ensure a secure and transparent trading environment.

How do I choose a suitable forex broker in Australia?

When selecting a forex broker in Australia, consider factors like regulation (ASIC license), trading platforms offered, available currency pairs, spreads, commissions, customer service quality, and educational resources. Reading reviews, comparing features, and starting with a demo account can help you make an informed decision.

Are there any restrictions on leverage for forex trading in Australia?

Yes, ASIC has imposed leverage restrictions on forex trading to protect retail traders. The maximum leverage for major currency pairs is typically 30:1, and for exotic currency pairs, it can go down to 20:1. This measure aims to reduce the risk of substantial losses for inexperienced traders.

FSCA Regulated

1:1000 Leverage

1:500 Leverage

0.0 Spreads

Globally Regulated

0.0 Pips Spreads

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