Best Forex Brokers in Australia 2026
Australia is a major forex trading hub in the Asia-Pacific region, regulated by the Australian Securities and Investments Commission (ASIC). ASIC is recognized as a top-tier regulator with strict requirements for broker capitalization and client fund segregation.
ASIC
1:30
35
Trust stack
Trust metadata for Australia broker coverage
This country shortlist is built from review data, local regulatory context, and the editorial standards linked below.
Is Forex Trading Legal in Australia?
Forex trading is fully legal and regulated. Brokers must hold an Australian Financial Services (AFS) licence from ASIC.
ASIC reduced retail leverage to 1:30 in 2021 to align with global standards. Professional traders may access higher leverage.
Top 35 Brokers for Australia Traders
| Feature |  IG Overall 9.2/10 |  Interactive Brokers Overall 9.2/10 |  IC Markets Overall 8.8/10 |  CMC Markets Overall 8.8/10 |  XM Overall 8.5/10 |
|---|---|---|---|---|---|
| Overall Score | 9.2/10 ✓ | 9.2/10 ✓ | 8.8/10 | 8.8/10 | 8.5/10 |
| Spreads From | 0.6 pips | 0.1 pips | 0.0 pips | 0.7 pips | 0.6 pips |
| Min Deposit Lower is better | $250 | $0 ✓ | $200 | $0 ✓ | $5 |
| Platforms | IG Platform, MT4, ProRealTime, L2 Dealer | TWS, IBKR Mobile, IBKR GlobalTrader | MT4, MT5, cTrader | Next Generation, MT4 | MT4, MT5, XM App |
| Regulation | FCA, ASIC, MAS, BaFin | SEC, FCA, ASIC, MAS, IIROC | ASIC, CySEC, FSA | FCA, ASIC, BaFin | CySEC, ASIC, IFSC |
| Markets | 17,000+ | 1,000,000+ ✓ | 2,200+ | 10,000+ | 1,000+ |
IG
Min Deposit
$250
Spreads From
0.6 pips
Leverage
1:200
Instruments
17,000
Interactive Brokers
Min Deposit
$0
Spreads From
0.1 pips
Leverage
1:50
Instruments
1,000,000
IC Markets
Min Deposit
$200
Spreads From
0.0 pips
Leverage
1:500
Instruments
2,200
CMC Markets
Min Deposit
$0
Spreads From
0.7 pips
Leverage
1:500
Instruments
10,000
XM
Min Deposit
$5
Spreads From
0.6 pips
Leverage
1:1000
Instruments
1,000
Pepperstone
Min Deposit
$0
Spreads From
0.0 pips
Leverage
1:500
Instruments
1,200
Capital.com
Min Deposit
$20
Spreads From
0.6 pips
Leverage
1:200
Instruments
6,400
Forex.com
Min Deposit
$100
Spreads From
0.0 pips
Leverage
1:200
Instruments
5,000
Admirals
Min Deposit
$100
Spreads From
0.0 pips
Leverage
1:500
Instruments
4,000
Oanda
Min Deposit
$0
Spreads From
1.0 pips
Leverage
1:200
Instruments
120
ThinkMarkets
Min Deposit
$0
Spreads From
0.0 pips
Leverage
1:500
Instruments
4,000
AvaTrade
Min Deposit
$100
Spreads From
0.9 pips
Leverage
1:400
Instruments
1,250
FP Markets
Min Deposit
$100
Spreads From
0.0 pips
Leverage
1:500
Instruments
10,000
Fusion Markets
Min Deposit
$0
Spreads From
0.0 pips
Leverage
1:500
Instruments
250
Axi
Min Deposit
$0
Spreads From
0.0 pips
Leverage
1:500
Instruments
300
Eightcap
Min Deposit
$100
Spreads From
0.0 pips
Leverage
1:500
Instruments
800
Multibank Group
Min Deposit
$50
Spreads From
0.0 pips
Leverage
1:500
Instruments
1,000
FXCM
Min Deposit
$50
Spreads From
0.2 pips
Leverage
1:400
Instruments
400
Global Prime
Min Deposit
$0
Spreads From
0.0 pips
Leverage
1:500
Instruments
150
Doo Financial
Min Deposit
$100
Spreads From
0.1 pips
Leverage
1:500
Instruments
500
Plus500
Min Deposit
$100
Spreads From
0.8 pips
Leverage
1:300
Instruments
2,800
eToro
Min Deposit
$50
Spreads From
1.0 pips
Leverage
1:30
Instruments
3,400
Vantage
Min Deposit
$50
Spreads From
0.0 pips
Leverage
1:500
Instruments
1,000
GO Markets
Min Deposit
$200
Spreads From
0.0 pips
Leverage
1:500
Instruments
350
FXOpen
Min Deposit
$1
Spreads From
0.0 pips
Leverage
1:500
Instruments
600
Moomoo
Min Deposit
$0
Spreads From
N/A
Leverage
1:5
Instruments
7,000
ACY Securities
Min Deposit
$50
Spreads From
0.0 pips
Leverage
1:500
Instruments
2,200
Afterprime
Min Deposit
$200
Spreads From
0.0 pips
Leverage
1:500
Instruments
300
Moneta Markets
Min Deposit
$50
Spreads From
0.0 pips
Leverage
1:500
Instruments
300
Webull
Min Deposit
$0
Spreads From
N/A
Leverage
1:5
Instruments
5,000
easyMarkets
Min Deposit
$25
Spreads From
0.9 pips
Leverage
1:2000
Instruments
250
Fortrade
Min Deposit
$100
Spreads From
0.8 pips
Leverage
1:30
Instruments
300
Blueberry Markets
Min Deposit
$100
Spreads From
0.0 pips
Leverage
1:500
Instruments
300
MiTrade
Min Deposit
$50
Spreads From
0.0 pips
Leverage
1:200
Instruments
400
26 Degrees Global Markets
Min Deposit
$200
Spreads From
0.0 pips
Leverage
1:500
Instruments
200
Tips for Australia Traders
Verify ASIC AFS licence number on the ASIC Connect register
Retail leverage is capped at 1:30 since 2021
Client funds must be held in segregated accounts
Many major brokers are headquartered in Australia
More broker shortlists for Australia
These country-specific pages reuse the same market context, but narrow the shortlist by platform, trading style, or a tighter search intent.
Best Forex Brokers in Australia
readyCountry-specific forex shortlist for Australia traders.
Best Swing Trading Brokers in Australia
readyThis Australia swing-trading rollout favors brokers with stronger research depth, broad market coverage, and a sensible ASIC-aware fit for multi-day traders.
Best CFD Brokers in Australia
pilotCountry-specific cfd shortlist for Australia traders.
Best cTrader Brokers in Australia
pilotCountry-specific ctrader shortlist for Australia traders.
Best Day Trading Brokers in Australia
pilotCountry-specific day trading shortlist for Australia traders.
Best High-Leverage MT4 Brokers in Australia
pilotThis Australia combo pilot is for MT4-first traders who want stronger leverage flexibility without giving up too much on broker quality and cost discipline.
Best High-Leverage MT5 Brokers in Australia
pilotThis Australia combo pilot targets traders who want MT5 plus leverage flexibility, while still keeping the shortlist grounded in broker quality and tradable cost structure.
Best Low-Spread MT4 Brokers in Australia
pilotThis Australia combo pilot targets traders who want MT4 support without giving up too much on trading-cost quality.
Best Low-Spread MT5 Brokers in Australia
pilotThis Australia combo pilot targets traders who want explicit MT5 support without giving up too much on trading-cost quality.
Best Low-Spread Scalping Brokers in Australia
pilotThis Australia combo pilot blends cost-focused ranking with platform quality to find brokers that make sense for active scalpers.
Best MT5 Brokers in Australia
pilotCountry-specific mt5 shortlist for Australia traders.
Best Scalping Brokers in Australia
pilotCountry-specific scalping shortlist for Australia traders.
Frequently Asked Questions
Is forex trading legal in Australia?
Yes, forex trading is legal and regulated by ASIC. Brokers need an AFS licence.
What leverage can Australian traders use?
Retail leverage is capped at 1:30 on major pairs. Higher leverage is available for wholesale/professional clients.
Are my funds protected with ASIC brokers?
ASIC requires brokers to segregate client funds, but Australia does not have a government-backed compensation scheme like the UK's FSCS.
Read the full reviews for the brokers available in Australia
This country page is the shortlist. The individual reviews are where you can check platform details, withdrawal terms, regulation, and who each broker suits best before you choose.
IG review
IG is a premium broker with 50+ years of experience, 17,000+ markets, and an exceptional proprietary platform backed by top-tier global regulation.
Entity note: IG shows 4 regulators in the shared broker dataset. Treat that as a brand-level trust signal, not proof of the exact legal entity you will onboard with.
Interactive Brokers review
Interactive Brokers is one of the world's largest and most regulated brokers, offering access to 150+ markets, all asset classes, and professional-grade tools at industry-leading low costs.
Entity note: Interactive Brokers shows 5 regulators in the shared broker dataset. Treat that as a brand-level trust signal, not proof of the exact legal entity you will onboard with.
IC Markets review
IC Markets delivers institutional-grade execution with raw spreads from 0.0 pips, $15B+ daily volume, and ASIC/CySEC regulation.
Entity note: IC Markets carries a solid regulator mix, but the brand still routes clients through different legal entities by region.
CMC Markets review
CMC Markets is a 35-year veteran offering 10,000+ instruments through its award-winning Next Generation platform with FCA/ASIC/BaFin regulation.
Entity note: CMC Markets shows 3 regulators in the shared broker dataset. Treat that as a brand-level trust signal, not proof of the exact legal entity you will onboard with.
XM review
XM is a well-regulated broker known for its excellent education, $5 minimum deposit, and reliable MetaTrader execution across 1,000+ instruments.
Entity note: XM has a mixed regulator footprint in the shared dataset, so the trust read is strong at brand level but still entity-dependent in practice.
Pepperstone review
Pepperstone offers raw spreads from 0.0 pips, four platform choices, and strong ASIC/FCA regulation with no minimum deposit requirement.
Entity note: Pepperstone looks strong on regulation, but the exact protections still depend on whether you land in its UK, Australia, EU, or offshore stack.
Capital.com review
Capital.com offers an AI-powered trading platform with 6,400+ commission-free instruments, strong quad-regulation, and a low $20 minimum deposit.
Entity note: Capital.com presents a strong brand-level trust profile, but the legal entity and local regulator still shape the real client-protection layer.
Forex.com review
Forex.com, owned by StoneX Group, offers 5,000+ instruments with a proprietary platform, DMA trading, and strong FCA/ASIC/CySEC regulation.
Entity note: Forex.com shows 3 regulators in the shared broker dataset. Treat that as a brand-level trust signal, not proof of the exact legal entity you will onboard with.
Admirals review
Admirals (formerly Admiral Markets) offers 4,000+ instruments with the enhanced MetaTrader Supreme Edition and triple CySEC/FCA/ASIC regulation.
Entity note: Admirals shows 3 regulators in the shared broker dataset. Treat that as a brand-level trust signal, not proof of the exact legal entity you will onboard with.
Oanda review
Oanda is a veteran forex broker with nearly 30 years of history, top-tier FCA/ASIC/MAS regulation, premium analytics, and no minimum deposit.
Entity note: Oanda has a strong regulator footprint, but the contracting entity still changes the exact protections and product availability by region.
ThinkMarkets review
ThinkMarkets combines its proprietary ThinkTrader platform with MT4/MT5, no minimum deposit, and ASIC/FCA/CySEC regulation across 4,000+ instruments.
Entity note: ThinkMarkets shows 3 regulators in the shared broker dataset. Treat that as a brand-level trust signal, not proof of the exact legal entity you will onboard with.
AvaTrade review
AvaTrade is one of the most widely regulated brokers globally, offering MT4/MT5, proprietary apps, options trading, and copy trading since 2006.
Entity note: AvaTrade shows 5 regulators in the shared broker dataset. Treat that as a brand-level trust signal, not proof of the exact legal entity you will onboard with.
FP Markets review
FP Markets offers raw spreads, four platform choices including DMA stock trading via IRESS, and 20 years of ASIC/CySEC-regulated operations.
Entity note: FP Markets shows 2 regulators in the shared broker dataset. Treat that as a brand-level trust signal, not proof of the exact legal entity you will onboard with.
Fusion Markets review
Fusion Markets is an ASIC-regulated broker famous for ultra-low commissions at just $2.25 per lot, making it one of the cheapest brokers globally.
Entity note: Fusion Markets shows 2 regulators in the shared broker dataset. Treat that as a brand-level trust signal, not proof of the exact legal entity you will onboard with.
Axi review
Axi is a triple-regulated broker with no minimum deposit, raw ECN spreads, and built-in copy trading backed by ASIC, FCA, and DFSA oversight.
Entity note: Axi shows 3 regulators in the shared broker dataset. Treat that as a brand-level trust signal, not proof of the exact legal entity you will onboard with.
Eightcap review
Eightcap stands out with TradingView integration, raw spreads from 0.0 pips, and ASIC/CySEC regulation across 800+ instruments including crypto CFDs.
Entity note: Eightcap shows 3 regulators in the shared broker dataset. Treat that as a brand-level trust signal, not proof of the exact legal entity you will onboard with.
Multibank Group review
Multibank Group is a multi-regulated broker with ASIC and BaFin licenses, offering ECN execution, raw spreads, and a daily trading volume exceeding $1 billion.
Entity note: Multibank Group shows 4 regulators in the shared broker dataset. Treat that as a brand-level trust signal, not proof of the exact legal entity you will onboard with.
FXCM review
FXCM is a veteran forex broker (est. 1999) offering the proprietary Trading Station platform, FCA/ASIC regulation, and research tools.
Entity note: FXCM shows 3 regulators in the shared broker dataset. Treat that as a brand-level trust signal, not proof of the exact legal entity you will onboard with.
Global Prime review
Global Prime is an ASIC-regulated ECN broker offering transparent raw pricing, no minimum deposit, and reliable execution for cost-conscious traders.
Entity note: Global Prime shows 2 regulators in the shared broker dataset. Treat that as a brand-level trust signal, not proof of the exact legal entity you will onboard with.
Doo Financial review
Doo Financial is a multi-regulated broker (FCA, CySEC, ASIC) offering TradingView integration and ECN pricing from 0.1 pips.
Entity note: Doo Financial shows 5 regulators in the shared broker dataset. Treat that as a brand-level trust signal, not proof of the exact legal entity you will onboard with.
Plus500 review
Plus500 is a publicly listed CFD broker offering a simple, commission-free platform with strong multi-regulator oversight and 2,800+ instruments.
Entity note: Plus500 shows 4 regulators in the shared broker dataset. Treat that as a brand-level trust signal, not proof of the exact legal entity you will onboard with.
eToro review
eToro pioneered social trading with CopyTrader, offering stocks, crypto, and forex in one platform with 30M+ users and strong regulation.
Entity note: eToro has recognizable regulator coverage, but onboarding protections still depend on the contracting entity behind your account region.
Vantage review
Vantage is an ASIC-regulated ECN broker offering raw spreads from 0.0 pips, fast execution, and competitive pricing across 1,000+ instruments.
Entity note: Vantage shows 3 regulators in the shared broker dataset. Treat that as a brand-level trust signal, not proof of the exact legal entity you will onboard with.
GO Markets review
GO Markets is an ASIC-regulated Australian broker with raw spreads from 0.0 pips, cTrader support, and a solid 18-year track record in the industry.
Entity note: GO Markets shows 3 regulators in the shared broker dataset. Treat that as a brand-level trust signal, not proof of the exact legal entity you will onboard with.
FXOpen review
FXOpen is a triple-regulated broker (FCA/ASIC/CySEC) with over 20 years of operation, offering ECN trading through MT4, MT5, and its proprietary TickTrader platform from just $1.
Entity note: FXOpen shows 3 regulators in the shared broker dataset. Treat that as a brand-level trust signal, not proof of the exact legal entity you will onboard with.
Moomoo review
Moomoo is an ASIC/MAS-regulated stock trading platform offering commission-free trades, powerful research tools, and access to global stock markets.
Entity note: Moomoo shows 2 regulators in the shared broker dataset. Treat that as a brand-level trust signal, not proof of the exact legal entity you will onboard with.
ACY Securities review
ACY Securities is an ASIC-regulated ECN broker based in Sydney offering raw spreads from 0.0 pips, MT4/MT5 platforms, and over 2,200 instruments with a $50 minimum deposit.
Entity note: ACY Securities shows 1 regulator in the shared broker dataset. Treat that as a brand-level trust signal, not proof of the exact legal entity you will onboard with.
Afterprime review
Afterprime is a CySEC/ASIC-regulated ECN broker offering raw spreads from 0.0 pips across MT4, MT5, and cTrader with Prime of Prime institutional liquidity.
Entity note: Afterprime shows 2 regulators in the shared broker dataset. Treat that as a brand-level trust signal, not proof of the exact legal entity you will onboard with.
Moneta Markets review
Moneta Markets is an ASIC-regulated Australian broker offering ECN pricing with raw spreads, multiple account types, and a user-friendly mobile trading app.
Entity note: Moneta Markets shows 2 regulators in the shared broker dataset. Treat that as a brand-level trust signal, not proof of the exact legal entity you will onboard with.
Webull review
Webull is a commission-free stock trading platform with an excellent mobile app, advanced charting, and access to US stock markets with no minimum deposit.
Entity note: Webull shows 1 regulator in the shared broker dataset. Treat that as a brand-level trust signal, not proof of the exact legal entity you will onboard with.
easyMarkets review
easyMarkets offers the unique dealCancellation feature alongside CySEC/ASIC regulation and a $25 minimum deposit, operating since 2001.
Entity note: easyMarkets shows 4 regulators in the shared broker dataset. Treat that as a brand-level trust signal, not proof of the exact legal entity you will onboard with.
Fortrade review
Fortrade is an FCA and CySEC-regulated broker with a proprietary trading platform, MT4 support, and FSCS investor protection for UK clients.
Entity note: Fortrade shows 4 regulators in the shared broker dataset. Treat that as a brand-level trust signal, not proof of the exact legal entity you will onboard with.
Blueberry Markets review
Blueberry Markets is an ASIC-regulated Australian broker offering competitive ECN pricing through MT4/MT5 with a focus on forex and CFD trading.
Entity note: Blueberry Markets shows 1 regulator in the shared broker dataset. Treat that as a brand-level trust signal, not proof of the exact legal entity you will onboard with.
MiTrade review
MiTrade is a multi-regulated broker with a sleek proprietary platform, commission-free trading, and $50 minimum deposit.
Entity note: MiTrade shows 3 regulators in the shared broker dataset. Treat that as a brand-level trust signal, not proof of the exact legal entity you will onboard with.
26 Degrees Global Markets review
26 Degrees Global Markets is a CySEC and ASIC-regulated broker with Australian institutional heritage, offering raw ECN pricing through MT4 and MT5.
Entity note: 26 Degrees Global Markets shows 2 regulators in the shared broker dataset. Treat that as a brand-level trust signal, not proof of the exact legal entity you will onboard with.