{"id":9,"date":"2022-01-13T20:19:09","date_gmt":"2022-01-13T20:19:09","guid":{"rendered":"https:\/\/safeforexbrokers.com\/au\/?page_id=9"},"modified":"2026-03-24T10:25:59","modified_gmt":"2026-03-24T10:25:59","slug":"home","status":"publish","type":"page","link":"https:\/\/safeforexbrokers.com\/au\/","title":{"rendered":"Best Forex Brokers in Australia 2026"},"content":{"rendered":"
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There are many forex brokers in Australia and choosing the right one can be confusing. You need to make sure that you choose a broker who provides the best services possible and is regulated by ASIC.<\/p>\n

The Australian Securities and Investments Commission (ASIC) regulates Forex Trading in Australia. Any Forex broker that you choose must be licensed with ASIC, as trading with an unregulated broker puts your funds at risk.<\/p>\n

Risk Disclaimer:<\/strong> Forex and CFD trading is risky, and about 70-90% of retail traders lose money while trading CFDs. You should not risk any money you cannot afford to lose, use leverage wisely, and only trade with ASIC-regulated forex brokers. <\/strong> <\/em><\/p>\n

When choosing a broker, it’s important to consider other factors asides from regulation. Fees, range of CFD instruments, having AUD as account currency, negative balance protection and other risk management tools, deposit\/withdrawal time and customer support are some factors worth considering.<\/p>\n

Here, we have made a list of the best Australian forex brokers and their main features which you should consider before you start trading with them.<\/p>\n<\/div>\n

\nShow More <\/i>\n<\/div>\n

Comparison Table of Best Australian Forex Brokers 2023<\/h2>\n
\n\n\n\n\n\n\n\n\n\n\n\n
Broker<\/th>\nRegulation(s)<\/th>\nAUD\/USD Spread (Pips)<\/th>\nMin. Deposit<\/th>\nVisit<\/th>\n<\/tr>\n<\/thead>\n
\n
\n<\/img><\/p>\n
<\/i><\/i><\/i><\/i><\/i><\/div>\n

Pepperstone<\/a><\/span>\n<\/div>\n<\/td>\n

\n
ASIC, FCA, CySEC<\/div>\n<\/td>\n
\n
0.20 pips (Razor Account)<\/div>\n<\/td>\n
\n
No minimum deposit<\/div>\n<\/td>\n
\n Visit Broker <\/i><\/a>\n<\/td>\n<\/tr>\n
\n
\n<\/img><\/p>\n
<\/i><\/i><\/i><\/i><\/i><\/div>\n

IC Markets<\/a><\/span>\n<\/div>\n<\/td>\n

\n
ASIC, CySEC<\/div>\n<\/td>\n
\n
0.17 pips (Raw Spread Account)<\/div>\n<\/td>\n
\n
US$200<\/div>\n<\/td>\n
\n Visit Broker <\/i><\/a>\n<\/td>\n<\/tr>\n
\n
\n<\/img><\/p>\n
<\/i><\/i><\/i><\/i><\/i><\/div>\n

eToro<\/a><\/span>\n<\/div>\n<\/td>\n

\n
ASIC, CySEC, FCA<\/div>\n<\/td>\n
\n
1 pips<\/div>\n<\/td>\n
\n
$50<\/div>\n<\/td>\n
\n Visit Broker <\/i><\/a>\n<\/td>\n<\/tr>\n
\n
\n<\/img><\/p>\n
<\/i><\/i><\/i><\/i><\/i><\/div>\n

XM<\/span>\n<\/div>\n<\/td>\n

\n
ASIC, FCA, CySEC, IFSC<\/div>\n<\/td>\n
\n
1.6 pips (Standard Account)<\/div>\n<\/td>\n
\n
AUD 8<\/div>\n<\/td>\n
\n Visit Broker <\/i><\/a>\n<\/td>\n<\/tr>\n
\n
\n<\/img><\/p>\n
<\/i><\/i><\/i><\/i><\/i><\/div>\n

CMC Markets<\/a> <\/span>\n<\/div>\n<\/td>\n

\n
ASIC, FCA<\/div>\n<\/td>\n
\n
0.7 pips<\/div>\n<\/td>\n
\n
$0<\/div>\n<\/td>\n
\n Visit Broker <\/i><\/a>\n<\/td>\n<\/tr>\n
\n
\n<\/img><\/p>\n
<\/i><\/i><\/i><\/i><\/i><\/div>\n

IG Markets<\/a> <\/span>\n<\/div>\n<\/td>\n

\n
ASIC, CySEC<\/div>\n<\/td>\n
\n
1.0 pips<\/div>\n<\/td>\n
\n
A$450<\/div>\n<\/td>\n
\n Visit Broker <\/i><\/a>\n<\/td>\n<\/tr>\n
\n
\n<\/img><\/p>\n
<\/i><\/i><\/i><\/i><\/i><\/div>\n

FP Markets<\/span>\n<\/div>\n<\/td>\n

\n
ASIC, FCA<\/div>\n<\/td>\n
\n
1.3 pips<\/div>\n<\/td>\n
\n
AUD 100<\/div>\n<\/td>\n
\n Visit Broker <\/i><\/a><\/p>\n<\/tbody>\n<\/table>\n<\/div>\n

Best Forex Brokers in Australia<\/h2>\n

Below is the comparison of Australian Forex Brokers as per our analysis and reviews:<\/p>\n

    \n
  1. Pepperstone<\/strong><\/a> \u2013 Overall Best Forex Broker in Australia with ECN Accounts<\/li>\n
  2. IC Markets<\/strong><\/a>– Regulated Australian Forex Broker with Low Fees<\/li>\n
  3. eToro<\/strong><\/a> \u2013 Popular Forex Broker with Social Trading<\/li>\n
  4. XM<\/strong><\/a> \u2013 Forex Trading Broker with Zero Commission<\/li>\n
  5. CMC Markets<\/strong><\/a> – Australian Forex Broker with wide range of CFD Instruments<\/li>\n
  6. IG Markets<\/strong><\/a> – Reputed Broker with Good Platforms<\/li>\n
  7. FP Markets<\/strong><\/a> – Australian Forex Broker with Low Fees<\/li>\n
  8. Plus500 – Good Forex Trading Platform with Risk Management Tools<\/li>\n<\/ol>\n

    In this review, we looked through the websites of different Australian forex brokers to see how they fare relative to these factors. We also tested their customer support to see how quickly they respond to our questions & requests.<\/p>\n

    #1 Pepperstone \u2013 Overall Best Forex Broker in Australia with ECN Accounts<\/h3>\n
    \n
    \n
    \n
    \n\"Pepperstone\"<\/a>
    \n    Visit Pepperstone <\/i><\/a>\n <\/div>\n<\/p><\/div>\n
    \n
    \n
    \n
    \n
    AUD\/USD Benchmark:<\/div>\n
    \n 0.30 pips + A$7 round-turn commission (Razor Account)\n <\/div>\n<\/p><\/div>\n
    \n
    Trading Platforms:<\/div>\n
    MT4, MT5, cTrader, TradingView<\/div>\n<\/p><\/div>\n
    \n
    Account Minimum:<\/div>\n
    No minimum deposit<\/div>\n<\/p><\/div>\n<\/div>\n

    \nOn Pepperstone’s cTrader trading platform, the round-turn commission is $6 (US dollars). Overnight charges (Swap) for AUD\/USD is on their trading platforms.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n

    Regulation:<\/strong> Pepperstone is licensed with ASIC as Pepperstone Group Limited. Their AFSL number is 414530. Pepperstone is considered a low-risk forex broker for Australian traders. <\/p>\n

    Benchmark fees for AUD\/USD:<\/strong> Pepperstone\u2019s typical spread for AUDUSD is 0.30 pips (Razor Account) and 1.30 pips (Standard Account) as per data on their website. The round turn commission for trading AUD\/USD is AUD 7 per standard lot on their Metatrader platforms with the Razor Account, while the Standard Account is commission-free. <\/p>\n

    Inactivity fees:<\/strong> Pepperstone does not charge inactivity fees.<\/p>\n

    Trading Conditions:<\/strong><\/p>\n

    AUD base currency account:<\/strong> Pepperstone offers an AUD base currency account.<\/p>\n

    Number of CFD Instruments:<\/strong> The financial instruments offered by Pepperstone are 62 currency pairs, 23 indices CFDs, 600+ shares CFDs, 97 ETF CFDs, 33 commodities CFDs (oil, metals, agriculture), 24 cryptocurrencies, 48 ETFs, 3 currency indices CFDs, 22 dividends for index CFDs, and 25 dividends for shares indices.<\/p>\n

    Leverage:<\/strong> These are Pepperstone\u2019s leverage per instrument for retail traders.<\/p>\n

    \n\n\n\n\n\n\n\n\n
    Instruments<\/strong><\/th>\nLeverage<\/strong><\/th>\n<\/tr>\n
    Forex Majors<\/td>\n30:1<\/td>\n<\/tr>\n
    Minor currency pairs, Gold, and Major Indices<\/td>\n20:1<\/td>\n<\/tr>\n
    Commodities and Minor Indices<\/td>\n10:1<\/td>\n<\/tr>\n
    Cryptocurrencies<\/td>\n2:1<\/td>\n<\/tr>\n
    Shares<\/td>\n5:1<\/td>\n
    Currency Indices<\/td>\n5:1<\/td>\n<\/tr>\n<\/tr>\n<\/tbody>\n<\/table>\n

    Negative balance protection:<\/strong> Negative balance protection is available for retail traders. But it does not apply to professional traders.<\/p>\n

    Deposit\/Withdrawal time:<\/strong> Deposits via bank transfers (domestic) are credited in 1-2 business days, and your first deposit through PayPal is credited in 1-2 days, while subsequent deposits via PayPal is credited to your account instantly. Deposits via cards are credited instantly.<\/p>\n

    Withdrawals via bank transfers can take 3-5 business days for you to receive the funds.<\/p>\n

    Support:<\/strong> Pepperstone offers customer support 24\/5 Monday to Friday via live chat, email and phone number. You get immediate replies via their live chat. They also respond to emails within 25 minutes. If you prefer mobile phone communication, an AU toll-free number is available on their website.<\/p>\n

    Read our Pepperstone review<\/a> for more on this broker<\/p>\n

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    <\/i> Pepperstone Pros<\/p>\n