Best Forex Brokers in Australia for 2025
We rigorously test brokers on real accounts and evaluate them using our methodology. Here are the best Australian Forex brokers based on our analysis:
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AvaTrade Australia - Best Forex broker Australia - A wide selection of financial assets. Innovative trading platforms. Highly rated educational resources. - 2
FP Markets - Robust regulation, serious fund protection plus segregated accounts in AA banks. Competitive trading conditions: spreads from 0 pip, commission 6 USD/lot; execution ≈ 20 ms on the NY4 server. Rich selection of trading platforms. - 3
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ACY Securities - Robust regulation and segregated accounts at major Australian banks. A range of accounts featuring low spreads and competitive commissions. Excellent selection of trading platforms. - 5
Pepperstone AU - Wide selection of trading platforms. Tight spreads and favourable trading conditions. A large number of trading assets. - 6
CMC Markets AU - Low trading fees. Wide range of markets and products. Access to the popular MetaTrader 4 and Next Generation platforms. - 7
Vantage AU - Wide range of trading assets. Diversity of trading platforms. Extensive analytical tools. - 8
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FBS AU - Low spreads and commissions. Wide range of trading assets. Extensive database of educational materials and analytical tools. - 10
Our meticulously compiled Top 10 Best Forex Brokers in Australia list, formed through thorough analysis, is designed to assist you in finding the perfect broker that matches your trading approach and ensures the security of your investments.
List of the Best Australian Forex Brokers 2025
1. AvaTrade
AvaTrade AU is well-suited for traders seeking a variety of trading instruments and user-friendly trading platforms. It can appeal to both beginners looking to start trading and experienced traders who want to expand their knowledge and skills.
Pros and Cons of AvaTrade Australia
Pros
- A wide selection of financial assets.
- Innovative trading platforms.
- Highly rated educational resources.
Cons
- Limited trading account options.
- Account inactivity fee.
2. FP Markets
FP Markets successfully combines a strict licensing framework, a fast ECN order book with zero spreads, a rich selection of platforms — ranging from classic MT4/5 to TradingView and Iress DMA — and a developed analytics, education, and 24/7 support infrastructure. This combination makes the broker attractive for active scalpers and algorithmic traders who value speed and moderate commission per lot, as well as for investors preferring copy trading, PAMM/MAM, or DMA stocks via Iress. Beginners will benefit from a low entry of 100 AUD, online courses, and no inactivity fees.
Pros and Cons of FP Markets
Pros
- Robust regulation, serious fund protection plus segregated accounts in AA banks.
- Competitive trading conditions: spreads from 0 pip, commission 6 USD/lot; execution ≈ 20 ms on the NY4 server.
- Rich selection of trading platforms.
- Wide range of instruments.
- Numerous deposit/withdrawal methods.
- Strong analytics and education.
- 24/7 support.
Cons
- Lack of cent accounts and fixed spread accounts.
- Some analytical materials and software are accessible only with a deposit or trading volume.
3. IC Markets
IC Markets Australia is a reliable and versatile broker that offers a wide range of services and tools for trading in the financial markets. The company provides impressive trading instruments, high-quality trading platforms, advanced analytical tools, and valuable education for traders of all levels.
IC Markets is likely most suitable for experienced traders who value deep liquidity, tight spreads, and advanced trading tools. Beginner traders can also benefit from the educational materials offered by the company, but they should be prepared for some additional expenses and a higher minimum deposit requirement.
Pros and Cons of IC Markets AU
Pros
- A wide range of trading assets.
- Low spreads.
- Variety of trading platforms.
- Quality educational materials.
- Efficient customer support service.
Cons
- High minimum deposit.
4. ACY Securities
ACY Securities is a reliable Australian broker offering high-quality services with transparent trading conditions. With strict regulation and a diverse range of trading instruments, the broker caters to both novice and experienced professionals, including enthusiasts of automated and copy trading. ACY is particularly appealing to traders who value low spreads, a broad mix of assets, and high-quality analytics.
Pros and Cons of ACY Securities
Pros
- Robust regulation and segregated accounts at major Australian banks.
- A range of accounts featuring low spreads and competitive commissions.
- Excellent selection of trading platforms.
- Over 1200 trading instruments: forex CFDs, stocks, ETFs, cryptocurrencies.
- High-quality analytics and a variety of educational resources.
- Convenient and swift deposit and withdrawal methods with no fees (first 3 withdrawals per month free).
Cons
- Lack of cent accounts and fixed spread accounts.
- No weekend support available.
5. Pepperstone
Pepperstone AU is a significant and reliable broker that offers a broad range of trading instruments and attractive trading conditions. With regulation by serious authorities, clients can be confident in the security of their funds.
The broker is suitable for various types of traders. Beginners will find extensive educational materials, including trading guides, webinars, instructional videos, and Forex trading courses. Experienced traders will also appreciate Pepperstone's opportunities, including favourable trading conditions, various trading platforms, and access to complex trading instruments.
The broker's technical support operates at a high level, offering clients quick and efficient responses to any questions.
Pepperstone is an excellent choice for traders of all experience levels. With a unique combination of educational materials, trading tools, and high-quality customer service, this broker ensures excellent conditions for successful trading.
Pros and Cons of Pepperstone AU
Pros
- Wide selection of trading platforms.
- Tight spreads and favourable trading conditions.
- A large number of trading assets.
Cons
- Lack of diversity in types of trading accounts.
6. CMC Markets
CMC Markets AU has been a reliable CFD and Forex broker in the business for a long time. Top-tier financial authorities regulate the company, offers an excellent trading platform, and has low commission fees.
We believe it is an excellent choice for beginners and experienced traders. CMC Markets is a good option if you are seeking a trustworthy broker with extensive experience.
Pros and Cons of CMC Markets AU
Pros
- Low trading fees.
- Wide range of markets and products.
- Access to the popular MetaTrader 4 and Next Generation platforms.
- Extensive analytical materials.
- Comprehensive educational materials.
Cons
- Limited account options. The broker offers a limited number of account types, which may not meet the needs of all traders.
- Inactivity fee. The broker charges a monthly fee if an account remains inactive for 12 months.
- No online chat. While support is available 24/5, the lack of an online chat option may hinder instant communication with support.
7. Vantage
Vantage offers various trading instruments and platforms, making it attractive for multiple Australian traders. The availability of extensive analytical tools and educational materials can benefit novice traders looking to deepen their knowledge.
Vantage could be a good choice for intermediate and advanced traders seeking a variety of trading instruments and platforms. This broker may be unsuitable for those seeking specialized cryptocurrency opportunities or more personalized support.
Pros and Cons of Vantage AU
Pros
- Wide range of trading assets.
- Diversity of trading platforms.
- Extensive analytical tools.
Cons
- Limited variety of trading accounts.
- Variable quality of technical support.
8. Admirals
Admirals AU is suitable for a broad spectrum of traders. With its strict regulation, various account types, and a competent set of educational and analytical materials, this broker provides high-quality services for novice and experienced traders.
Beginners seeking detailed educational resources and support will undoubtedly appreciate this broker. Experienced traders will also find it beneficial due to competitive trading commissions, abundant tools for analysis and trading, and the convenience of the depositing and withdrawal process.
Pros and Cons of Admirals AU
Pros
- Low trading fees.
- Wide range of payment methods.
- Extensive analytical resources.
- A rich collection of educational materials.
Cons
- Inactivity fee.
- Some users complain about the intrusiveness of the support service.
9. FBS
FBS Australia is a broker that prioritizes its clients' security and diversity of trading options, backed by stringent regulation and competitive trading conditions. Its commitment to education and analytical support further enhances its appeal, particularly to traders looking to expand their knowledge and trading skills.
FBS is a solid choice for traders at various levels who prioritize security, educational resources, and a wide range of trading assets.
Pros and Cons of FBS AU
Pros
- Low spreads and commissions.
- Wide range of trading assets.
- Extensive database of educational materials and analytical tools.
Cons
- Limited choice of trading accounts.
- Limited trading platforms.
10. Oanda
Oanda is an excellent choice for Australian traders seeking a reliable and regulated broker with competitive spreads and various trading assets.
With quality analytics and diverse educational materials, Oanda suits beginners and experienced traders.
Pros and Cons of Oanda AU
Pros
- Tight spreads.
- Advanced trading platforms.
- Quality analytics.
- Extensive learning section.
Cons
- Limited trading account types.
- Inactivity fee.
- High swaps.
Regulation of Forex Brokers in Australia
The regulatory landscape for Forex and CFD brokers in Australia remains robust and vigilant, safeguarding the interests of traders and maintaining market integrity. The Australian Securities and Investments Commission (ASIC), a key regulatory authority, oversees the operations of Forex brokers within the country. ASIC's stringent regulations ensure that brokers adhere to fair trading practices and uphold high standards of financial responsibility and transparency.
Australian Forex brokers must possess an Australian Financial Services Licence (AFSL), which mandates strict compliance with financial laws and operational guidelines. This includes maintaining adequate capital reserves, segregating client funds for protection, and submitting to regular audits and financial reporting.
Moreover, ASIC continually updates its regulatory framework in response to evolving market dynamics and global economic shifts. These updates aim to address new challenges in Forex trading, such as digital currency integration and advanced trading technologies, ensuring that Australian Forex brokers remain at the forefront of safety and innovation.
This regulated environment in Australia offers a layer of security for traders, knowing that a reputable and proactive regulatory body oversees their investments. It also means that regulated Forex brokers in Australia are well-equipped to provide a competitive trading experience that aligns with international best practices and standards.
How We Compiled the List of the Best Forex Brokers in Australia
Our selection process for the finest Forex trading platforms in Australia was conducted with precision and comprehensive criteria:
Our broker rankings stem from an exhaustive evaluation of various Forex brokers active in Australia.
The leading brokers were rigorously assessed and ranked high based on our detailed evaluation methodology.
Every broker listed offers services specifically designed and optimized for Australian traders, ensuring local relevance and suitability.
These criteria guarantee that our handpicked selection of Forex and CFD brokers, regulated within Australia, meets stringent reliability standards and provides trading conditions critical for secure and effective Forex market participation.
FAQ
Who is the best Forex broker in Australia?
The best forex broker in Australia can vary based on individual needs and trading preferences. However, some of the top-rated forex brokers in Australia include IC Markets, AvaTrade, and Pepperstone, known for their comprehensive trading platforms, competitive spreads, and robust regulatory oversight by ASIC.
Which Forex broker in Australia offers low spreads?
Pepperstone is renowned for offering some of the lowest spreads in the Australian Forex market. They provide razor-sharp spreads starting from 0.0 pips on major currency pairs, especially for those trading on their Razor account.
What is the best Forex broker outside Australia?
When considering forex brokers outside Australia, some of the best include RoboForex, AMarkets, and FxPro. These brokers are globally recognized for their extensive market access, low trading costs, and strong regulatory frameworks in multiple jurisdictions.
Is Forex and CFD Trading Legal in Australia?
Forex and CFD (Contract for Difference) trading are legal in Australia. The Australian Securities and Investments Commission (ASIC) regulates the trading of these financial instruments and is responsible for ensuring that financial markets in Australia operate fairly and transparently.
What Protection Does ASIC Offer Forex Traders?
The Australian Securities and Investments Commission (ASIC) offers significant protection to Forex traders by enforcing strict operational standards for brokers. This includes the requirement for brokers to hold an Australian Financial Services Licence (AFSL), adherence to capital adequacy norms, segregation of client funds from company funds, and regular auditing. These measures promote market integrity and protect traders from unethical practices.
How to Avoid Forex Scams in Australia?
Always choose an ASIC-regulated broker to avoid Forex and CFD scams in Australia. Research the broker’s background, check their AFSL number, read reviews, and be wary of promises of high returns with low risk. Stay informed about common scam tactics, and never share personal financial information impulsively.
What are the Risks of Forex Trading in Australia?
Forex trading, like any investment, carries risks. These include market risk due to fluctuations in currency values, leverage risk, which can amplify gains and losses, interest rate risks, and risks associated with the broker's reliability. Traders should only invest money they can afford to lose and consider getting financial advice before trading.
How to Start Forex Trading in Australia?
To start Forex trading in Australia, educate yourself about the Forex market. Then, choose a reputable ASIC-regulated Forex broker, open a trading account, and deposit funds. Consider starting with a demo account to practice trading without financial risk. Develop a trading strategy and continuously monitor and review your trades.
What Account Types Do Australian Forex Brokers Offer?
Australian Forex brokers typically offer several account types, including standard accounts for regular traders, mini/micro accounts for smaller trade sizes, and VIP or professional accounts for experienced traders with more significant investments. Many brokers also provide Islamic accounts and demo accounts for practice trading.
What is the Best Time to Trade Forex in Australia?
The best time to trade Forex in Australia is when the market is most active, usually during the global overlap of Forex trading sessions. The overlapping of the Sydney and Tokyo sessions (from 9 AM to 6 PM AEST) and the overlap of the London and New York sessions (from 10 PM to 1 AM AEST) are typically the most active and liquid.
Can I Trade Forex in Australia Without a Broker?
Technically, it is possible to trade Forex without a broker by trading through a decentralized market or using online trading platforms. However, for most retail traders, using a broker is advisable as they provide access to leverage, trading platforms, market analysis, and other valuable services.
What are the Costs of Forex Trading?
The costs of Forex trading can include spreads (the difference between the bid and ask price), commissions (charged by the broker), swap rates (for holding a position overnight), and potential account maintenance or inactivity fees. The exact costs depend on the broker and the type of account.
What is the Highest Leverage Offered to Australian Forex Brokers?
The maximum leverage limits ASIC sets for major currency pairs are typically up to 30:1, while the leverage may be lower for minor currency pairs, commodities, and indices.
Is Forex Trading Taxed in Australia?
Yes, in Australia, profits from Forex trading are subject to taxation. The Australian Taxation Office (ATO) considers Forex trading gains as assessable income, and they must be reported in your tax return under the appropriate sections. The specific tax treatment can depend on various factors, including whether Forex trading is conducted as a business or a personal investment activity.
