#1

Pepperstone

  • Regulations: ASIC, FCA
  • Minimum deposit: $200
  • Platforms: MT4, MT5, cTrader, cAlgo
  • InvestinGoal rank: 4.8/5

78% of retail CFD accounts lose money

#2

AvaTrade

  • Regulations: SCB, FCA, FSB, CySEC, DFSA
  • Minimum deposit: $500
  • Platforms: MT4, MT5, cTrader
  • InvestinGoal rank: 4.5/5

71% of retail CFD accounts lose money

#3

IC Markets

  • Regulations: ASIC
  • Minimum deposit: $200
  • Platforms: MT4, MT5, cTrader
  • InvestinGoal rank: 4.8/5

74-89 % of retail CFD accounts lose money

#4

IG MARKETS

  • Regulations: FCA, ASIC
  • Minimum deposit: $250
  • Platforms: MT4, L2 Dealer
  • InvestinGoal rank: 4.5/5

81% of retail CFD accounts lose money

#5

EasyMarkets

  • Regulations: ASIC, CySEC
  • Minimum deposit: $100
  • Platforms: Proprietary, Mobile, MT4
  • InvestinGoal rank: 3.6/5

81% of retail CFD accounts lose money

Top 10 Best Online Forex Brokers Australia for 2019

by | Feb 22, 2019

Are you looking for the best Online Forex Brokers in Australia because you’d like to trade on an online platform rather then on a desktop program?

We can help you find one.

Online trading via a web platform is now an established way hundreds of thousands of people trade forex around the world. But not all web platforms offer the same quality, in fact, they can vary quite dramatically, and their usability can depend on the way you want to trade.

Over the past 20 or so years, Australia has led the way in a number of areas in web platform trading with some of the best brokers being based there. Additionally, Australian online forex brokers also comply with the rigorous and highly respected ASIC.

(This post is part of the best Australian forex brokers series)

best online forex brokers australia

Top 10 of the Best Online Forex Brokers in Australia for 2019

Here are our best online forex brokers in Australia:

  • Regulations: ASIC, FCA
  • Minimum deposit: $200
  • Platforms: MT4, MT5, cTrader,cAlgo
  • InvestinGoal rank: 4.8/5


78% of retail CFD accounts lose money

1. Pepperstone

Pepperstone is widely regarded as one of the best forex brokers in Australia with an excellent reputation abroad too. Part of this reputation has been built upon the outstanding trading technology they offer their traders, which includes cTrader Web and their MT4 WebTrader. To make things better, they also boast top-rated ECN and STP accounts, which provider traders with truly amazing market access. And to top it all off, Pepperstone has been awarded ‘Best Forex ECN Broker’ by the UK Forex Awards for 2018.

  • Regulations: Pepperstone Limited authorised & regulated by the FCA (684312); Pepperstone Group Limited registered with ASIC (414530). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
  • Type: ECN, Market Maker
  • Leverage: 1:500
  • Minimum Deposit: $ 200
  • Platforms: MT4 (desktop, iPhone/iPad, Android), MT5 (desktop), cTrader (web platform, cAlgo, cTrader mobile)
  • Headquarters: Pepperstone Group Limited is headquartered in Melbourne, Australia
  • US Customers: No
  • Other instruments: CFDs on indices, commodities, cryptocurrency
Try PEPPERSTONE with a demo account

78% of retail CFD accounts lose money

  • Regulations: SCB, FCA, FSB, CySEC, DFSA
  • Minimum deposit: $500
  • Platforms: MT4, MT5, cTrader
  • InvestinGoal rank: 4.5/5


71% of retail CFD accounts lose money

2. AvaTrade

AvaTrade are known for having some of the most accessible web-based trading technology available today. When you sign up to AvaTrade, you can download their MT4 WebTrader and mobile app completely free. It comes with a variety of charting options, is available in 41 languages and is supported on Internet Explorer and Firefox, as well as Chrome. On top of that, AvaTrade also offers their clients AvaOptions Web Trading as well for options trading.

  • Regulations: AVA Trade EU Ltd regulated by the Central Bank of Ireland (No.C53877); AVA Trade Ltd regulated by the V.I Financial Services Commission; Ava Capital Markets Australia Pty Ltd regulated by ASIC (No.406684); Ava Capital Markets Pty regulated by the South African Financial Sector Conduct Authority (FSCA No.45984); Ava Trade Japan K.K. regulated by the FSA (No.1662) and the FFAJ (No.1574). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
  • Type: Market Maker
  • Leverage: 1:30
  • Minimum Deposit: AUD $ 100, USD $ 100, £ 100, or € 100
  • Platforms: AvaTradeGo (mobile app), MT4, Mac Trading (specifically for Macs), Webtrader
  • Headquarters: AVA Trade EU Ltd is headquartered in Dublin, Republic of Ireland
  • US Customers: No
  • Other instruments: CFDs on indices, stocks, cryptocurrencies, commodities, options, ETFs
Try AVA TRADE with a demo account

71% of retail CFD accounts lose money

IC Markets

  • Regulations: ASIC
  • Minimum deposit: $200
  • Platforms: MT4, MT5, cTrader
  • InvestinGoal rank: 4.8/5

74-89 % of retail CFD accounts lose money

3. IC Markets

IC Markets provides their traders with two different online platforms – cTrader Web and their MT4 WebTrader, as well as their mobile applications. IC Markets are a great option for those looking for a web platform that can handle a high number of trades, claiming to be able to handle 500,000 trades per day which in total is worth more than 15 billion. Traders with IC Markets will also have access to 232 tradable instruments, 60 of which are forex pairs.

  • Regulations: International Capital Markets Pty Ltd. licensed by ASIC (AFSL no. 335692). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
  • Type: Market Maker, ECN, STP
  • Leverage: 1:500
  • Minimum Deposit: $ 200
  • Platforms: MT4, MT5, MT WebTrader, MT iPhone/iPad, MT Android, MT Mac, cTrader, cTrader Web, cTrader Android, cTrader iPhone/iPad, cTrader cAlgo
  • Headquarters: International Capital Markets Pty Ltd. is headquartered in Sydney, Australia
  • US Customers: No
  • Other instruments: CFDs on indices, commodities, stocks, futures, bonds, cryptocurrency
Try IC MARKETS with a demo account

74-89 % of retail CFD accounts lose money

  • Regulations: FCA, ASIC
  • Minimum deposit: $250
  • Platforms: MT4, L2 Dealer
  • InvestinGoal rank: 4.5/5


81% of retail CFD accounts lose money

4. IG Markets

You may think that as one of the oldest forex brokers around, their approach would be dated. But you’d be dead wrong. With the wealth of experience IG has gained over the years, they know to always keep up to date with the latest and best technology, it’s how they’ve managed to stay around so long. The IG Trading platform if proof of this and is one of the most sophisticated yet user-friendly online platforms available today. IG also attempts to give its traders the best price by combining DMA and other market participants. Additionally, IG also won the award for ‘Best Forex Trading Platform’ in the 2018 Online Personal Wealth Awards.

  • Regulations: IG Markets Limited licensed by ASIC (AFSL no. 220440), licensed by the FSP (No. 18923), and authorised & regulated by the FCA (195355); IG Index Ltd authorised & regulated by the FCA (114059). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
  • Type: Market Maker
  • Leverage: 1:200
  • Minimum Deposit: £ 250 or equivalent
  • Platforms: MT4, web platform, trading apps (iPhone, iPad, Android mobile, Android tablet), L2 Dealer
  • Headquarters: IG Markets Limited is headquartered in London, UK
  • US Customers: No
  • Other instruments: CFDs on shares, indices, bonds, options, interest rates, sectors, cryptocurrency; spread betting; digital 100s
Try IG MARKETS with a demo account

81% of retail CFD accounts lose money

  • Regulations: ASIC, CySEC
  • Minimum deposit: $100
  • Platforms: Proprietary, Mobile, MT4
  • InvestinGoal rank: 3.6/5


81% of retail CFD accounts lose money

5. easyMarkets

easyMarkets WebPlatform comes in at a close second place with some high-quality features to boast about. Since its formation in 2001, easyMarkets has shown the forex world that it is more than just stable and reliable. As of today, it has an impressive number of instruments and markets to invest in, more so than many of their other rivals, which is perfect for those who want to diversify their portfolio. easyMarkets were also awarded the Best APAC Region Broker 2018’ by ADVFN International Financial Awards.

  • Regolamentazioni: In Australia da ASIC e a Cipro da CySEC
  • Tipologia: Market maker
  • Leva: 1:400
  • Deposito Minimo: 100 $
  • Piattaforme: Proprietaria, Mobile, MT4
  • Sede Amministrativa: Limassol, Cipro
  • Clienti US: No
  • Altri strumenti: CFD su materie prime, indici, criptovalute
Try EASYMARKETS with a demo account

81% of retail CFD accounts lose money

  • Regulations: ASIC, CySEC, FCA
  • Minimum deposit: $5
  • Platforms: MT4, MT5
  • InvestinGoal rank: 4/5


69.75% of retail CFD accounts lose money

6. XM

XM is perhaps one of the most iconic forex brands today and that’s not without reason. Their service supports two WebTraders – MT4 and MT5, which makes them more accessible to more traders. Traders with XM are also able to take advantage of a wide variety of trading instruments, totaling more than 1,000. XM are also keen to boast that supposedly “99.35% of All Trades are Executed in Less than 1 Second”, which is phenomenal and makes it quite fitting that they are currently the official sponsors of Olympic champion Usain Bolt.

  • Regulations: Trading Point of Financial Instruments Pty Limited licensed by ASIC (443670); Trading Point of Financial Instruments UK Limited authorised & regulated by the FCA (705428); Trading Point Of Financial Instruments Ltd regulated by CySEC (120/10). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
  • Type: Market Maker
  • Leverage: 1:500
  • Minimum Deposit: $ 5
  • Platforms: MT4 (PC, Mac, web platform, iPad/iPhone, Android/Android tablet), MT5 (PC, Mac, web platform, iPad/iPhone, Android/Android tablet)
  • Headquarters: Trading Point Of Financial Instruments Ltd is headquartered in Limassol, Cyprus
  • US Customers: No
  • Other instruments: CFDs on indices, commodities, stocks, metals, and energies
Try XM with a demo account

69.75% of retail CFD accounts lose money

fxcm

  • Regulations: ASIC, FCA, AMF, IIROC
  • Minimum deposit: $50
  • Platforms: MT4, NinjaTrader, WebTrader
  • InvestinGoal rank: 3.0/5

76.88% of retail CFD accounts lose money

7. FXCM

Founded in 1999, FXCM has been on the web trading scene for a long time. FXCM’s Trading Station is renowned to many traders, is available not only on the web but also as a desktop and mobile application. ‘Battle-tested’, as FXCM refer it, their web platform is solid and built in-house for their traders on top of 10 years of feedback and has also been highlighted as a great choice for beginners. On top of that, FXCM also offers their traders copy-trading via ZuluTrade as well.

  • Regulations: In Australia by ASIC, in the UK by the FCA, in France by the AMF, and in Canada by the IIROC
  • Type: Market maker
  • Leverage: Up to 1:400
  • Minimum Deposit: $50 USD
  • Platforms: MT4, NinjaTrader, WebTrader
  • Headquarters: Sydney, Australia, and London, UK
  • US Customers: No
  • Other instruments: Indices, commodities, cryptocurrency CFDs
Try FXCM with a demo account

76.88% of retail CFD accounts lose money

  • Regulations: ASIC, FCA
  • Minimum deposit: $200
  • Platforms: MT4
  • InvestinGoal rank: 4.3/5


74% of retail CFD accounts lose money

8. AxiTrader

AxiTrader’s MT4 WebTrader has been specifically designed to be lightweight and work on any Internet browser or device. This allows traders to work from almost anywhere, even with less powerful devices. However, perhaps the best feature AxiTrader offers its clients is its ECN access, which it claims is the same as banks, hedge funds, and other financial institutions. AxiTrader is also highly trusted by many traders, even winning the 2017 award for Most Reliable Forex Broker’ by AtoZForex.com.

  • Regulations: AxiTrader UK is authorised & regulated by the FCA (509746); AxiCorp Financial Services Pty Ltd is authorised & regulated by ASIC (318232). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
  • Type: ECN, Market Maker
  • Leverage: 1:400
  • Minimum Deposit: $ 200
  • Platforms: MT4 (PC and Mac, webtrader, mobile), MT4 NexGen
  • Headquarters: AxiCorp Limited is headquartered in London, UK
  • US Customers: Accepts US clients through its American subsidiary, AxiTrader USA. Bear in mind the services offered may not be the same
  • Other instruments: Spread betting; CFDs on commodities, gold, silver and metals, oil, indices, Bitcoin
Try AXITRADER with a demo account

74% of retail CFD accounts lose money

  • Regulations: ASIC
  • Minimum deposit: $200
  • Platforms: MT4, MT5
  • InvestinGoal rank: 3.8/5


74-89% of retail CFD accounts lose money

9. Vantage FX

By signing up to trade with Vantage FX, traders will not only be taking advantage of an exceptional web platform, but some of the best liquidity you’ll see in the forex industry. Vantage FX has built a solid relationship with many of the biggest banks around the world. Traders can also take advantage of a total of 15 different trading platforms as well, just in case Vantage FX’s MT4 WebTrader is not to their liking. Additionally, Vantage FX was awarded ‘Best ECN/STP Broker 2015-16’ by the Forex Awards.

  • Regulations: Vantage Global Prime Pty Ltd licensed by ASIC (428901). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
  • Type: Market Maker, ECN, STP
  • Leverage: 1:500
  • Minimum Deposit: $ 200 AUD or equivalent
  • Platforms: MT4, MT5, web platform, mobile apps (iOS, Android)
  • Headquarters: Vantage Global Prime Pty Ltd is headquartered in Sydney, Australia
  • US Customers: No
  • Other instruments: CFDs on commodities, indices, cryptocurrency
Try VANTAGE FX with a demo account

74-89% of retail CFD accounts lose money

GOMARKETS

  • Regulations: ASIC
  • Minimum deposit: $200
  • Platforms: MT4, MT5, WebTrader
  • InvestinGoal rank: 3.0/5


74-89% of retail CFD accounts lose money

10. GO Markets

GO Markets takes pride in being widely regarded as the first Australian broker to use MT4 back in 2006. Since then, they have built on top of their experience with the platform, customizing it into the top-rated MT4 WebTrader it is today, perfect for both novices and experts. GO Markets also has over 90 tradeable products to choose from and supports Myfxbook.

  • Regulations: In Australia by ASIC
  • Type: STP
  • Leverage: Up to 1:500
  • Minimum Deposit: $200 AUD for a standard account
  • Platforms: MT4, MT5, WebTrader
  • Headquarters: Melbourne, Australia
  • US Customers: No
  • Other instruments: Commodities, indices, metals, binaries, cryptocurrency
Try GOMARKETS with a demo account

74-89% of retail CFD accounts lose money

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