#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

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

GLOBAL PRIME

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

74-89% of retail CFD accounts lose money

#4

Think Markets

  • Regulations: ASIC, FCA
  • Minimum deposit: $250
  • Platforms: MT4, Trade Interceptor
  • InvestinGoal rank: 3.7/5

72.88% of retail CFD accounts lose money

#5

VANTAGE FX

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

74-89% of retail CFD accounts lose money

Top 10 Largest Forex Brokers Australia 2019

by | Feb 18, 2019

Bigger brokers mean more people are trading, which is a good sign that you have found a trustworthy broker.

Larger brokers can also offer traders a wealth of other benefits too. They can offer access to more diverse markets and more instruments, which can help you diversify your portfolio.

Some of the largest forex brokers in Australia offer some of the best services available today and are definitely worth your time researching. Their services are also more likely to be innovative and they are more likely to have partnerships with larger banks, which means greater liquidity.

It also means they are professional enough to stand the test of time and are less likely to collapse out of the blue.

Plus, those that are interested in copy trading can also benefit immensely from a large broker that offers such services as it means there are more traders to copy.

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

largest forex brokers australia

Top 10 of the Largest Forex Brokers in Australia for 2019

Here are the biggest 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 without a doubt the largest Australian broker today and its reputation is global, attracting plenty of foreign traders as well as Australians themselves. Part of the reason why Pepperstone has been so successful is down to their trusty reputation and top-rated ECN and STP accounts. Pepperstone also offers clients over 70 currency pairs and 14 major stock indices to trade from, which is an excellent variety. In 2018, they were also rewarded ‘Best Forex ECN Broker’ by the UK Forex Awards, another fine achievement that has helped them win over even more clients.

  • 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, cTrader
  • InvestinGoal rank: 4.8/5


74-89 % of retail CFD accounts lose money

2. IC Markets

IC Markets offers traders a huge number of 232 tradable instruments, 60 of which are forex pairs, which is very impressive. They also boast handling 500,000 trades per day which in total is worth more than 15 billion. The reputation of IC Markets is also built on their renowned ECN service, crediting themselves as ‘the world’s largest true ECN forex broker’, with liquidity provided by numerous market participants including high-level banks and darkpools, which ensure traders get the best access to the market.

  • 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: $500
  • Platforms: MT4
  • InvestinGoal rank: 3.8/5


74-89% of retail CFD accounts lose money

3. Global Prime

Global Prime has also built its reputation on providing clients with superior ECN accounts and its transparent nature. With Global Prime, traders can utilize some of the tightest spreads in the forex industry across 42 currency pairs as well as metals. Traders that sign up to Global Prime can also benefit from social trading features and the highly popular ZuluTrade and myfxbook as well, which further proves their transparency.

  • 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, FCA
  • Minimum deposit: $250
  • Platforms: MT4, Trade Interceptor
  • InvestinGoal rank: 3.7/5


72.88% of retail CFD accounts lose money

4. ThinkMarkets

Founded in 2010, ThinkMarkets offers an impressive range of services and instruments. Currently, traders have access to 154 CFDs, 33 currency pairs and cryptocurrency CFDs, which is perfect for those that wish to expand their portfolio. ThinkMarkets also keeps clients’ funds safe by placing them in a segregated account with a top-tier bank.

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


74-89% of retail CFD accounts lose money

5. Vantage FX

By forming partnerships with heavy-weight banks such as JPMorgan, HSBC, RBS, and Goldman Sachs, Vantage FX has garnered a loyal following of traders. They also have an excellent range of 120 instruments to trade with, including currency pairs, indices, commodities, and share CFDs. On top of that, their service also operates on 15 different platforms. Vantage FX was also voted 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
  • Minimum deposit: $2,500
  • Platforms: DMAHub, Fortex, MT4
  • InvestinGoal rank: 4.5/5


74-89% of retail CFD accounts lose money

6. Advanced Markets

Advanced Markets also boasts a lengthy list of tier 1 partner banks that provide liquidity. Their network is supposedly so great, they claim to have never had a moment of downtime. In total, they have 51 market instruments across different currency pairs, spot metals, commodities, and CFDs. However, their real selling point is their high-tech trading equipment, which is some of the best for analyzing the market.

  • Regulations: Advanced Markets LTD. is licensed by ASIC (AFSL no. 444649)
  • Type: ECN
  • Leverage: 1:50
  • Minimum Deposit: $2,500
  • Platforms: DMAHub, Fortex, MT4
  • Headquarters: Grand Cayman, Cayman Islands
  • US Customers: No
  • Other instruments: CFDs, metals, energy commodities
Try Advanced Markets 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

7. AxiTrader

AxiTrader is truly democratic in the way it treats its traders, giving them the same ECN access as banks, hedge funds, and other financial institutions, which is incredibly rare. AxiTrader has grown remarkably fast since its foundation in 2007, offering traders over 80 products to trade, and winning a variety of awards, including ‘Most Reliable Forex Broker’ by AtoZForex.com in 2017.

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


81% of retail CFD accounts lose money

8. easyMarkets

Established in 2001, easyMarkets now has been operating smoothly for 17 years. Not only are they considered one of the best brokers in Australia, but also in the whole APAC region winning ‘Best APAC Region Broker 2018’ by ADVFN International Financial Awards. Currently, they boast an extensive number of instruments and markets to invest in, claiming to have: “136 spot currency pairs, 48 FX forwards, 57 currencies crossed with metals, 5 metals, 6 energy and 7 agricultural commodities, 16 equity indices, and 58 vanilla option pairs”.

  • 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

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


81% of retail CFD accounts lose money

9. IG Markets

Those that know IG know that they’ve been involved in forex for a very long time, starting out back in 1974, way before any of their competitors. And during that time, IG has accumulated a whopping 195,000 clients worldwide and access to over 15,000 markets, two facts they are very proud of decorating around their website. IG are also known for their innovative trading approach, combining DMA with other pricing technology in an attempt to give traders the best price possible at the time they are trading.

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

74-89 % of retail CFD accounts lose money

10. Synergy FX

Synergy FX doesn’t have a dealing desk and is largely focused on providing its clients with ECN pricing with excellent liquidity provided by 20 different banks around the world. Traders can also benefit from free social trading, which is a great option to have on a large broker. In 2015, Synergy FX was 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 (CFD Service. % lose money)
Try SYNERGY FX with a demo account

74-89 % of retail CFD accounts lose money

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