Top 8 Forex Brokers in Australia - Sept. 2022

Find the best Forex Broker for you & Start trading instantly!

Find the best Forex Broker for you & Start trading instantly!
All Brokers are regulated by ASIC (AU)
Sept. 2022
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Advertiser Disclosure
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
BROKER
ADVANTAGES
MIN
DEPOSIT
SPREADS
FROM
OUR SCORE
MAX
LEVERAGE
REGULATION
SUPPORT
START
TRADING
1
Tight Spreads PayPal Accepted
$200
0 PIPs
30:1
FCA (UK), DFSA, ASIC, CMA, CYSEC, SCB, BaFIN
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

2
4.8 stars on Trustpilot by 14,520 reviewers
$200
0.0 PIPs
30:1
ASIC (Australia)
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

3
Award-winning New Zealand Broker No fees on deposits
$200
0 PIPs
500:1
FMA (New Zealand), FSA
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
400:1
CySEC, ASIC
5
Up to 20% Bonus *from $1,000
$100
0.6 PIPs
400:1
ASIC (Australia), CBI, FSCA, IIROC, FSA, FFA, ADGM, FRSA
6
Smooth and swift withdrawals
$100
0.0 PIPs
100:1
FCA, ASIC, CySEC, SCB
7
Award winning support
$100
0.0 PIPs
30:1
ASIC (Australia), CySEC
8
50% bonus on first deposit *up to $500 credit
$200
0.0 PIPs
500:1
ASIC (Australia), FCA (UK), CIMA (Cayman Islands), VFSC (Vanuatu)
1
Tight Spreads
2
4.8 stars on Trustpilot
3
Award-winning New Zealand Broker
4
Deal Cancellation
5
Up to 20% Bonus
6
Smooth and swift withdrawals
7
Award winning support
8
50% bonus on first deposit
Advertiser Disclosure
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.

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 
"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
"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
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. 

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