Top 8 Forex Brokers in Australia - May 2019

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

May 2019
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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
SPECIAL
OFFER
MIN
DEPOSIT
SPREADS
FROM
USER
SCORE
MAX
LEVERAGE
REGULATION
SUPPORT
START
TRADING
1
No Bonus
$200
0.1 PIPs
500:1
ASIC (Australia)
2
up to 50% up to $20,000
$100
1 PIPs
400:1
ASIC (Australia)
Special Features
Cryptocurrencies
  • Bitcoin
  • Litecoin
  • Ethereum
  • Ripple
  • Dash
Platform & Devices
  • AvaTradeAct
  • AvaTradeGo
  • Mac Trading
  • Meta Trader 4
3
No bonus
$200
0.0 PIPs
500:1
ASIC (Australia)
4
Deal Cancellation Within an Hour
$100
1 PIPs
400:1
ASIC (Australia)
5
$30 Bonus No Deposit Required
(T&C Apply)
$100
2 PIPs
294:1
ASIC (Australia)
6
Demo Contest
Prize $24,000
*applicable to FT Global Limited
$5
0.1 PIPs
Flexible
*Depending on country of residence, knowledge and experience
CySEC, FCA, IFSC
7
No Fees
$200
0.0 PIPs
500:1
ASIC (Australia)
8
30 day free trial of Faraday Research (Signals)
25 £
0.5 points
200:1
ASIC (Australia)
1
No Bonus
97
Users Score
2
up to 50%
95
Users Score
3
No bonus
92
Users Score
4
Deal Cancellation
89
Users Score
5
$30 Bonus
86
Users Score
6
Demo Contest
Prize $24,000
83
Users Score
7
No Fees
81
Users Score
8
30 day free trial of
79
Users Score
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:
"As an experienced trader, I've enjoyed working with Pepperstone. They offer great options and low spreads ."
Score: 9.5 Written on: 04.11.2017
Pros
  • Fully licensed and regulated by ASIC
  • Bitcoin trading option
  • Segregated Accounts
  •  Demo Trading Platform
  • Excellent Trader Resources
  • 4/5 rating on TrustPilot from 260+ reviews
Cons
  • Scant evidence of new trader welcome bonus
  • Demo account valid for 30 days only
  • Only traders from regulated jurisdictions
"Very impressed by the service at AvaTrade and highly suggest them to new and experienced traders alike"
Score: 9 Written on: 12.11.2017
Pros
  • 400:1 leverage
  • Tight spreads
  • Multiple trading platforms (AvaTrader, MT4, mobile and others)
  • Powerful tools and resources available
Cons
  • Deposit and Withdrawal information limited on the website
  • Fewer currency pairs compared to other brokers
  • Limited bonuses and promotions
"A buddy of mine recommended easyMarkets to me and I've been very pleased with my service thus far"
Score: 9 Written on: 18.10.2017
Pros
  • Deal Cancellation Feature – up to 60 min after openning a trade.
  • Demo Account and Live Account
  • MT4 platform
  • 1:400 leverage
  • Deal Cancellation feature 
  • 5 stars rating on TrusPilot from 296 reviews
Cons
  • Not accepting US clients
  • PayPal is not supported
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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