Top 8 Forex Brokers in Australia - Sept. 2023

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All Brokers are regulated by ASIC (AU)

Sept. 2023

Top8forexbrokers.com is an independent professional comparison site that provides users with free and valuable information on leading Forex brokers. Top8forexbrokers.com is supported by referral fees from listed companies. We do not provide a listing of each and every company in the market. We do not guarantee 100% accuracy of the information. The information which appears on this site is subject to change at any time. We aim to help users make an informed choice that best suits their particular needs.

RANK	ADVANTAGES	MIN DEPOSIT	SPREADS FROM	OUR SCORE	MAX LEVERAGE	REGULATION	START TRADING
1	4.8 stars on Trustpilot by 14,520 reviewers	$200	0.0 PIPs	97 Read Review	30:1	ASIC (Australia)	Visit Site Visit Site More Information Less Information Hi text here please
Pros Ultra-low spreads- sometimes as low as 0.0 Many platforms available including MT4, MT5 and cTrader Fast execution of trades 64+ currency pairs Scalping and Hedging Are Allowed Segregated Account Cons No Fixed Spreads, No Guaranteed Limit Orders Does Not Guarantee Stop Losses Platforms & Devices MetaTrader 4 MetaTrader 5 WebTrader cTrader cTrader cAlgo DupliTrade ZuluTrade
2	Tight Spreads PayPal Accepted	$200	0 PIPs	95 Read Review	30:1	FCA (UK), DFSA, ASIC, CMA, CYSEC, SCB, BaFIN	Visit Site Visit Site More Information Less Information Hi text here please
Pros Segregated accounts Great customer support FCA regulated 4.3/5 rating on trustpilot on 858 reviews Cons No bonuses Demo account available for only 30 days Platforms & Devices MetaTrader 4 MetaTrader 5 cTrader DupliTrade WebTrader Social Trading
3	Award-winning New Zealand Broker No fees on deposits	$200	0 PIPs	92 Read Review	500:1	FMA (New Zealand), FSA	Visit Site Visit Site More Information Less Information Hi text here please
Pros Segregated Accounts Demo Account + Live Account 64+ Forex Pairs, Index CFDs, Commodities Derivative Issuer License issued by the Financial Markets Authority (FMA) Cons Limited to Regulated Jurisdictions No Welcome Bonuses Available to New Traders Restricted Number of Trading Tools and Resources Platforms & Devices MetaTrader 4 MetaTrader 5 Webtrader
4	Deal Cancellation Within an Hour	$100	1 PIPs	90 Read Review	400:1	CySEC, ASIC, BVI & FSC	Visit Site Visit Site Hi text here please
5	Up to 20% Bonus *from $1,000	$100	0.6 PIPs	88 Read Review	400:1	ASIC (Australia), CBI, FSCA, IIROC, FSA, FFA, ADGM, FRSA	Visit Site Visit Site Hi text here please
6	Smooth and swift withdrawals	$100	0.0 PIPs	86 Read Review	100:1	FCA, ASIC, CySEC, SCB	Visit Site Visit Site Hi text here please
7	Award winning support	$100	0.0 PIPs	83 Read Review	30:1	ASIC (Australia), CySEC	Visit Site Visit Site Hi text here please
8	50% bonus on first deposit *up to $500 credit	$200	0.0 PIPs	80 Read Review	500:1	ASIC (Australia), FCA (UK), CIMA (Cayman Islands), VFSC (Vanuatu)	Visit Site Visit Site Hi text here please

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4.8 stars on Trustpilot

Tight Spreads

Award-winning New Zealand Broker

Deal Cancellation

Up to 20% Bonus

Smooth and swift withdrawals

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Award winning support

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50% bonus on first deposit

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Advertiser Disclosure

Trading Forex in Australia: The Local Forex Market

Foreign exchange trading is a thriving business in Australia. This island nation has seen a rapid spike in the volume of FX trading since 2007. Currency analysts estimate that overall trading activity in Australia has more than doubled since 2007, and trading volumes exceed $400 billion per day Read More>>

Latest Expert Reviews Summary:

"You guys are expert. Counting from my first week of investment to date. I've got nothing but positive results, No hidden fees attached and your payouts are convenient. This is the best trading platform I've come across with"

Score: 9.5 Written on: 12.02.2021 by Rebbeca Tyrell

Pros

Segregated accounts
Great customer support
FCA regulated
4.3/5 rating on trustpilot on 858 reviews

Cons

No bonuses
Demo account available for only 30 days

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"Excellent service and effective. No complaints"

Score: 9 Written on: 07.03.2021 by L'babalo Nkinana

Pros

Ultra-low spreads- sometimes as low as 0.0
Many platforms available including MT4, MT5 and cTrader
Fast execution of trades
64+ currency pairs
Scalping and Hedging Are Allowed
Segregated Account

Cons

No Fixed Spreads,
No Guaranteed Limit Orders
Does Not Guarantee Stop Losses

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"Amazing service, always providing new webinars to assist you in getting the best possible results with your future trading"

Score: 9 Written on: 15.12.2020 by Mekyle

Pros

Tight spreads
Multiple trading platforms on desktop, browser and mobile
Large selection of trading instruments
Regulated in many jurisdictions including ASIC (Australia)

Cons

Limited promotions & bonuses

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How to Choose a Forex Broker?

Top8ForexBrokers.com helps you compare and choose your preferred Forex Broker. We suggest keeping the following checklist in mind when making your decision:

Is the Forex Broker regulated?
Account Details: Ideally, your broker should offer either a selection of account types or some element of customizability. Competitive spreads and easy deposits/withdrawals are good indicators too.
Number of Currency Pairs offered: The variety of currency pairs on offer, as well as the quantity, should be considered (the more of both, the better).
Availability of Customer Service.
Quality of the Trading Platform: look for a platform that is easy to use, straightforward and offers a collection of technical and analytical tools to enhance your trading experience.