Australia

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.

Best Forex Brokers in Australia for 2021

Broker Bonus Deposit* Leverage* Regulation Visit
XM
5/5
Bonus: 15% up to $500 Min. Deposit: $200 Max. Leverage: 1:30 | 1:200 Regulation:
  • IFSC
  • ASIC
  • CySec
Visit XM XM review
FBS
4.5/5
Bonus: 100% up to No limit Min. Deposit: - Max. Leverage: 1:1,000 Regulation:
  • IFSC
  • CySec
Visit FBS FBS review
HYCM
4.25/5
Bonus: 10% up to $5000 Min. Deposit: $100 Max. Leverage: 1:20 | 1:500 Regulation:
  • FCA
  • CySec
Visit HYCM HYCM review
AvaTrade
4/5
Bonus: 20% up to $10,000 Min. Deposit: $100 Max. Leverage: 1:20 | 1:400 Regulation:
  • ASIC
  • CySec
  • FSCA
Visit AvaTrade AvaTrade review

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