- Best Forex Brokers
If you are an Australian resident or citizen and interested in trading the forex market, it is highly advisable to open an account with a forex broker who is regulated by the Australian Securities and Investments Commission (ASIC) which will give you the best level of confidence that your broker is under strict guidelines for operating in Australia.
Australian Forex Broker Rankings
The following table presents all forex brokers in our database who have the appropriate license from ASIC. Note that other well known brokers may be perfectly safe to trade with but do not hold an ASIC license. It is up to you if you decide that you want to trade with a forex broker who is unregulated in your country.
The main downside is that if you have any trouble, you will need to get in touch with the body with whom your broker is regulated by.
|Broker Name||Trust Score||Reviews|
|XM||99 / 100||XM Reviews|
|Xtrade||94 / 100||Xtrade Reviews|
|Plus500||89 / 100||Plus500 Reviews|
|AvaTrade||74 / 100||AvaTrade Reviews|
|IronFX||0 / 100||IronFX Reviews|