Most Forex Brokers in Australia are regulated by ASIC regulatory authority, however Australian traders do not always choose a locally based brokerage but rather spread their wings and choose the best Forex brokers which are not located in Australia at all. That being said, there are of course advantages in choosing an Australian forex Broker and this is what we will address in this section now. Australian forex brokers offer outstanding summary of market movements throughout the Asian trading session. Customer assistance is professional and available during the local trading hours and there is an obvious link to the local banks and financial institutions related to money and online trading.
In this section our team of experts has collected a list of the best rated Australian Forex brokers. The reviews are conducted based on overall reputation among forex traders, trading conditions, platform, bonus offers, professional customer support, physical address and regulation. We hope that our hard work pays off and you can easily find the top Australian online forex Broker that suits your financial needs and trading requirements.
Not only Australians trade Australian dollar AUD. In fact, it is one of the major players in the currency pool including one of the fave AUD/USD. Living in the country, however, makes the local currency even more attractive for trading and therefore searching for forex brokers in Australia makes perfect sense, since the local firms can ensure better spreads and fastest execution for the AUD related pairs.
Why do we think that regulated Australian brokers are your best shot? Any regulated brokerage seem to be the top choice for any trader around the globe, mainly because you feel more protected against fraud. Another interesting fact is that in Australia, regulated Brokers can offer larger leverage options, while non-regulated companies have to minimize the risks and limit the leverage options. Keep in mind that there are billions of non-regulated brokers all over the internet that accept all traders including Australian clients and give gigantic leverage. We do recommend to exercise caution when trading with such brokers, because your funds and personal information might be compromised.
Australian Forex brokers list
Australian Forex brokers are under the watchful eye of the Australia Securities and Investments Commission. In other words, your funds are better protected and the brokerage cannot just do whatever they wish with your money when you are not looking (or when you are, but cannot do anything about it anyway!). The super advantage of trading with Australia-based broker an living in the country is that if there is some fraud activity your claim against the scam forex broker will be processed faster.
So there, we explained the main parts and now you can go over the top rated Australian Forex brokers, check out the Reviews and try out emo account, navigate through their trading platforms, try out the trading features and see the pros an cons of each broker yourself. Below is the broker list you have been waiting to see.
|Australia Broker||Rating||Demo||Leverage||Bonus||Platforms||Min Deposit||Payments|
|FP Markets||7||yes||1:500||10% credit bonus||MetaTrader 4 (MT4), IRESS, Mobile trading||200||credit cards, UnionPay, Neteller, Skrill (3% fee), Wire transfer, BPay and broker-to-broker transfer|
|FXCM||5||yes||1:200||-||Trading Station II, MetaTrader 4, Active Trader, Forex System Selector||250||Credit/Debit card, Online Check, Bank Wire, Paper Check|
|Pepperstone||5||yes||1:500||100% Match Bonus||Metatrader 4, Metatrader 5, cTrader, cAlgo, cMirror||200||bPay, credit cards, Paypal|
|AdvancedMarkets||4||yes||1:50||-||Advanced Trader/Pro/Prime, Fortex FX||500||Wire, Check|
|Blueberry Markets||4||yes||1:500||MetaTrader 4||100||credit cards, wire transfer, POLi, Skrill|
|EasyMarkets||2||yes||1:100||Metatrader 4, EasyMarkets web-based platform||100||credit cards, neteller, Skrill, Webmney, wire transfer|
|Synergy FX||1||yes||1:500||MetaTrader 4||500||credit cards, skrill, wire transfer|
|YouTradeFX||0||yes||1:500||up to $2,000||Metatrader 4, Webtrader||100||Credit Cards, Skrill, Neteller, Paypal, Wire Transfer|
|BlitzBrokers (IB for AxiTrader)||0||yes||1:500||MetaTrader 4||1||Credit cards, Neteller, Skrill|