#1

IC Markets

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

74-89 % of retail CFD accounts lose money

#2

FP Markets

  • Regulation: ASIC
  • Minimum deposit: $100
  • Platform: IRESS, MT4, MT5
  • InvestingGoal rank: 4.5/5

74-89% of retail CFD accounts lose money

#3

Pepperstone

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

78% of retail CFD accounts lose money

#4

VANTAGE FX

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

74-89% of retail CFD accounts lose money

#5

AXI TRADER

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

74% of retail CFD accounts lose money

Top 10 Best Australian Forex Brokers MT4/5 for 2019

by | Feb 24, 2019

Are you looking for the best Australian Forex Brokers MT4/5 because you’d like to trade on the famous and professional Metatrader platforms through a reputable Australian broker?

We can help you find one.

MT4 (MetaTrader 4) is one of the most widely used platforms available to forex traders today. Many brokers offer their services through MT4, with some of the best being based in Australia.

In fact, Australian forex brokers with MT4 are known to be some of the most innovate in the world. The same can also be said of Australian forex brokers with MT5 as well.

However, traders should not make the mistake of signing up to any MT4 forex broker in Australia. Before signing up to their service, traders should have a comprehensive understanding of what their potential broker can offer them on top of MT4 trading. There’s no point signing up to any broker if they don’t fit in with your trading style.

That’s why we made this list of the top Australian MT4 forex brokers today.

(This post is part of the forex brokers in Australia series)

forex brokers australia mt4 5

Top 10 of the Best Australian Forex Brokers MT4/5 for 2018

Here’s our ranking:

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


74-89 % of retail CFD accounts lose money

1. IC Markets

IC Markets offers an exceptional range of trading platforms including MT4 and MT5, WebTrader 4 and 5, and MetaTrader 4 and 5 for Mac too. But their services don’t just stop there. They also offer MT4 Advanced Trading tools and cTrader as well, which includes cTrader cAlgo. IC Markets also claims to be the ‘world’s largest True ECN forex broker’ and to be able to handle 500,000 trades per day which in total is worth more than 15 billion.

  • 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: ASIC
  • Minimum deposit: $100
  • Platforms: IRESS, MT4, MT5
  • InvestinGoal rank: 4.5/5


74-89% of retail CFD accounts lose money

2. FP Markets

Aside from Australia itself, FP Markets is also firmly established in Asia as well with over 20,000 clients as of 2018. FP Markets offers clients MT4 and MT5, WebTrader 5, and MetaTrader 4 for Mac, as well as IRESS platforms. With a focus on DMA, FP Markets has some of the best ECN access available. In 14 years of service, FP Markets has managed to acquire 36 awards for its service.

  • Regulations: First Prudential Markets Pty Ltd licensed by ASIC (286354). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
  • Type: STP, ECN, Market Maker
  • Leverage: 1:500
  • Minimum Deposit: $ 100 AUD, $ 100 USD or €100
  • Platforms: IRESS, MT4
  • Headquarters: First Prudential Markets Pty Ltd is headquartered in Sydney, Australia
  • US Customers: No
  • Other instruments: CFDs on equities, futures, commodities, indices, Bitcoin
Try FP MARKETS with a demo account

74-89% of retail CFD accounts lose money

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


78% of retail CFD accounts lose money

3. Pepperstone

When you trade with Pepperstone, you are not only dealing with perhaps the best broker in Australia but one of the best brokers in the world. Traders with Pepperstone can use either MT4, MT5, WebTrader or MetaTrader 4 for Mac. To fully utilize Pepperstone, traders can sign up to their top-rated ECN and STP accounts, which have some of the most competitive access available today. Finally, Pepperstone has also been awarded the ‘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: ASIC
  • Minimum deposit: $200
  • Platforms: MT4, MT5
  • InvestinGoal rank: 3.8/5


74-89% of retail CFD accounts lose money

4. Vantage FX

Vantage FX offers a total of 15 different trading platforms to choose from making them one of the most accessible brokers around. Their platforms include MT4, MT5, WebTrader 4 and MetaTrader 4 and 5 for Mac. Traders with Vantage FX will also be able to benefit from top-quality liquidity provided by some of the biggest bands in the world. Vantage FX was also 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

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


74% of retail CFD accounts lose money

5. AxiTrader

AxiTrader offers its clients some of the best ECN access available, which it claims is the same as banks, hedge funds, and other financial institutions. Traders can utilize that access with either MT4, WebTrader 4 and MetaTrader 4 for Mac. AxiTrader’s WebTrader 4 is a particularly good option for those with less powerful devices, being specifically designed to be lightweight. AxiTrader also received 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, FCA
  • Minimum deposit: $250
  • Platforms: MT4, Trade Interceptor
  • InvestinGoal rank: 3.7/5


72.88% of retail CFD accounts lose money

6. ThinkMarkets

ThinkMarkets is known as a top NDD forex broker and has risen to be considered one of the largest forex brokers in Australia with an impressive total of 154 CFDs to trade with. Traders with ThinkMarkets can use their service for MT4, WebTrader 4 and MetaTrader 4 for Mac. ThinkMarkets is also highly popular in the UK as well and was the recipient of both the ‘Best Forex Trading Experience’ award and ‘Best Forex Trading Innovation’ award by the UK Forex Awards.

  • Regulations: In Australia by ASIC and in the UK by the FCA
  • Type: STP
  • Leverage: 1:400
  • Minimum Deposit: $250
  • Platforms: MT4, Trade Interceptor
  • Headquarters: Melbourne, Australia and London, UK
  • US Customers: No
  • Other instruments: CFD on shares, indices, metals, energies, cryptocurrency

72.88% 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

7. AvaTrade

AvaTrade is a pioneer of web trading offering a good variety of web-based trading technology and tools, including highly useful charting options. Aside from WebTrader 4, AvaTrade also offers traders MT4 and MetaTrader 4 for Mac. They are also highly accessible with support available in 41 languages and allow traders to use ZuluTrade and DuliTrade copy-trading/social trading platforms. Additionally, AvaTrade also offers options trading with AvaOptions Web Trading too.

  • 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

  • Regulations: ASIC
  • Minimum deposit: $100
  • Platforms: MT4, Social Trading
  • InvestinGoal rank: 3.0/5

74-89 % of retail CFD accounts lose money

8. Synergy FX

Synergy FX is a great forex broker for those looking for a broker that offers all the latest trends – NDD (non-dealing desk), ECN pricing and free social trading. With Synergy FX, traders can use either MT4 or MetaTrader 4 for Mac. Synergy FX also benefits from 20 different liquidity providers and, in 2015, were awarded ‘Best Australian Forex Broker’ by Global Financial Market Review Awards.

  • Regulations: In Australia by ASIC
  • Type: ECN
  • Leverage: 1:500
  • Minimum Deposit: $100
  • Platforms: MT4, Social Trading
  • Headquarters: Sydney, Australia
  • US Customers: No
  • Other instruments: Indices, commodities, metals, cryptocurrency
Try SYNERGY FX with a demo account

74-89 % of retail CFD accounts lose money

  • Regulations: ASIC
  • Minimum deposit: $500
  • Platforms: MT4
  • InvestinGoal rank: 3.8/5


74-89% of retail CFD accounts lose money

9. Global Prime

Global Prime is another option great for those who want ECN access, copy-trading and a broker that strives for transparency. Global Prime offers trading solely through MT4 and MetaTrader 4 for Mac. That said, they do also offer social trading through the highly popular ZuluTrade or Myfxbook. Global Prime is also ideal for money managers who can use the MT4 platform to automate trades with a MAM or PAMM account.

  • Regulations: Global Prime Pty Ltd licensed by ASIC (AFSL no. 385620). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
  • Type: ECN, STP
  • Leverage: 1:200
  • Minimum Deposit: $ 500 AUD or foreign currency equivalent
  • Platforms: MT4 (PC, Mac, iOS, Android), Myfxbook Autotrade
  • Headquarters: Global Prime Pty Ltd is headquartered in Sydney, Australia
  • US Customers: No
  • Other instruments: CFDs on indices, spot metals, energies
Try GLOBAL PRIME with a demo account

74-89% 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

10. easyMarkets

With almost 20 years’ experience, easyMarkets has built up an impressive variety of instruments and markets, which is ideal for those who are looking for diversification. easyMarkets supports the highly popular MT4 platform and the easyMarkets WebPlatform is also well-worth considering, heralding a number of additional features. easyMarkets were also awarded the ‘Best APAC Region Broker 2018’ by ADVFN International Financial Awards.

  • Regulations: In Australia by ASIC and in Cyprus by CySEC
  • Type: Market Maker
  • Leverage: 1:400
  • Minimum Deposit: $100
  • Platforms: Proprietary, Mobile, MT4
  • Headquarters: Limassol, Cyprus
  • US Customers: No
  • Other instruments: CFD on commodities, indices, cryptocurrency
Try EASYMARKETS with a demo account

81% of retail CFD accounts lose money

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