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We have reviewed numerous forex brokers in Australia, there are the top 6 brokers which have met our quality guidelines and accept residents of Australia. We recommend the following:
eToro is one of the biggest names in the industry as far as the forex market is concerned. They have been operating since 2007, and have become a household name around the world thanks to their excellent, top-tier regulation, and the unbeatable trading experience they offer to those looking to get involved in social trading or forex.
They now have locations worldwide and offer services to more than 7 million traders across hundreds of countries including all of Australia.
eToro are extremely well-regulated by top-tier bodies around the world. These bodies include CySEC in the EU which makes the broker fully ESMA compliant, as well as the FCA in the UK, and ASIC in Australia.
In Australia they currently operate under the trading name eToro AUS Capital Pty Ltd with Australian Financial Services License #491139.
AvaTrade is our first recommendation for Australian residents, the reason for this is Ava Capital Markets Australia Pty Ltd is licensed in Australia by the Australian Securities & Investments Commission (License# 406684). The ASIC is Australia’s corporate, markets and financial services regulator and is responsible for ensuring its financial markets are fair and transparent. Australian license and regulation applies to Australian residents only.
While they were founded in 2006 in Ireland, they have since grown to become one of the top forex brokers in the sector and they have since added an office in Australia:
AvaTrade Capital Markets Australia Pty Ltd.
2 park street
Sydney NSW 2000
A low minimum deposit requirement of just $100 across most of the available account types, coupled with respected regulation from a number of bodies worldwide, make AvaTrade a popular choice for new and experienced Australian traders.
The broker offers an extensive range of assets to trade in which includes more than 60 currency pairs, and other markets for trading stocks, ETFs, crypto, and more. AvaTrade users can also avail of a very strong range of educational content with insightful material to fit all level of traders.
XM was founded in 2009. Within the period that has passed, they have managed to become one of the most instantly recognizable names in forex trading and they are also our top ranked global forex brokerage. This is not only due to their excellent regulatory compliance worldwide, they are regulated by both CySEC, and ASIC, as well as two other top-tier regulators, but also the fact they are regulated in Australia.
Trading Point of Financial Instruments Pty Ltd is authorised and regulated by the Australian Securities and Investment Commission (License# 443670).
The broker caters for the needs of the forex market in more than 196 countries. This makes them one of the most available brokers in the industry to all levels of trader. Couple this with an exceptional education section, and a great variety of assets to trade in, and you have a winning combination with XM.
CityIndex is a trading name of GAIN Capital Australia Pty Ltd. They have offices at 100 Harris street, Pyrmont, NSW 2009 (ACN 141 774 727, AFSL 345646) is the CFD issuer and the products are traded off exchange.
The brand name of GAIN Capital who are known in financial circles around the world, and are also listed on the New York Stock Exchange. In terms of the broker standing in the sector, City Index are one of the cornerstone names in the entire industry, having been around since 1983.
With such a long track record, it is no surprise then that City Index have become a go to destination for many experienced Aussie traders seeking an operation that is as safe as they come, with regulation in the form of several top-tier bodies.
Still the broker continues to evolve and presents an equally excellent place for newer traders to grow in the industry thanks to a very competitive, low-fee environment with a top selection of asset to choose from.
All trading involves risk and losses can exceed deposits.
BD Swiss founded in 2012. Since that time they have grown to become a major forex broker who now offer trading services in more than 180 countries worldwide including all states in Australia. They are also have regulatory oversight in place from a number of trusted bodies in the industry. BDSwiss LLC is authorised and registered with the U.S. National Futures Association NFA ID: 0486419, other regulatory bodies they abide by include CySEC.
BDSwiss is also a very well-decorated broker having collected a number of awards particularly in recent years as they have expanded their industry presence. Being recognized as providing one of the best trading platform applications, as well as for their positive trading conditions and environment has helped them greatly in continuing to improve their profile among traders.
FXTM was founded in 2011 in Europe. They are currently headquartered in Cyprus but offer services in forex trading and many other assets to traders around the world including all parts of Australia. They have fast become one of the top forex brokers in the entire sector.
The FXTM minimum deposit starts from just $10 depending on your account type. This means trading is high accessible through FXTM for all level of trader. Added to this, they are an extremely well-regulated broker with the support of multiple respected bodies including CySEC in Europe, and the FCA in the UK.
This trusted regulation, a competitive range of trading costs, and the availability of more than 250 assets to trade, continue to make FXTM a popular choice for Aussies.
What is ASIC?
This stands for: Australian Securities and Investments Commission.
This is an independent Australian government body that acts as Australia’s corporate regulator. ASIC’s role is to enforce and regulate company and financial services laws to protect Australian consumers, and investors.
ASIC was established on July 1st, 1998 and this followed recommendations from the Wallis Inquiry. ASIC’s authority and scope is determined by the Australian Securities and Investments Commission Act, 2001 (Cth)
Do these brokers accept clients from all states?
While we feature many forex brokers on this website, only the brokers featured on this page currently accept clients from Australia. There are no regional restrictions in place for individual Australian states or territories. (New South Wales, Queensland, South Australia, Tasmania, Victoria, Western Australia; and three internal territories: the Australian Capital Territory (ACT), Northern Territory, and Jervis Bay Territory.)
Can I contact customer support?
We recommend forex broker in Australia that offer 24/7 support to all of Australia. In most cases you may phone, email, or use live chat.