Forex Brokers in Australia. In many cases, Australia has often been compared to the “Wild West” in America because its 21 million inhabitants have demonstrated resourcefulness and independence in many areas of endeavor, shunning restrictive constraints in early development, but displaying conservative virtues once a new market has evolved to the next stage. Retail forex trading in Australia is one of these areas. Driven by an enormous export trade of raw materials and minerals, the foreign exchange industry has also developed in lockstep to support cross-border settlements from these trade transactions. At present retail forex trading is relatively new and has flown beneath the regulators, so to speak, while it developed in its infancy. Over the past decade, the growth in China and other emerging markets has produced a heavy increase in exports and a strengthening Aussie Dollar in the process. Many locals have jumped into the fray and profited from this upper move in the nation’s currency, as Australia skirted the recession that befell most all of the other developed economies on the planet. Forex traders in Australia, however, have traded in a safe environment, due to the watchful eye of its national regulator. - Active 10+ years. - 40% New Member Bonus. - Very well regulated. - 50% FTD Bonus! (non EU Traders only) - Active since 2001. - 300+ markets can be traded. - Multi Asset Trading Platform. - No Time Frame for Demo Accounts. - Very well regulated. - FXGiants has a proprietary interface to make its account funding process easier, fast and secure. - Very well regulated. - 1 Million GBP Insurance by Lloyds of London. - ECN Real Raw Spreads, 0.2 EUR/USD. - No Minimum Deposit. - Very well established. - 24/5 Customer Support. (Your capital is at risk. Losses can exceed investment. Leverage trading is high risk and not for everyone) - EAs, hedging and scalping allowed. - ECN shop with the backing of several liquidity providers. - Bilingual customer support 24x6. - Very well regulated. - BONUS: $4 cashback per lot traded till the end of the year. - Withdrawal request approved within 24 hours. - Negative balance protection. - Social Trading Platform. - 24/5 Customer Support. - Up to 1:500 leverage with micro-lots (0.01 size) available for everyone. - Scalping, hedging, trading on the news, and EAs are permitted. - Social Trading Features. - Available in 25 languages. - Well regulated in over 3 continents. - 24/5 multilingual Customer Support. - Tightest spreads in the market. - 15% new account opening bonus. - MT4, MT5 and mobile trading platforms. The number one consideration in choosing a forex broker, your business partner for the long run, is safety and security. Unregulated firms tend to make outrageous marketing claims to attract your patronage, but often fail to deliver as expected down the road. For this reason alone, it is prudent to follow the lead of the local regulator and independent testimonials from other traders when making your final decision. The Australian Securities and Investment Commission (ASIC) regulates the forex industry in Australia. The regulator is charged with enforcing regulatory rules toward the goal of ensuring the safety of investors, consumers and creditors, and this mission includes retail forex trading. In short, if you wish to experience trading via your forex broker, Australia is a reasonably safe and comfortable place to get on with the job. Many of the established and respectable forex brokers for Australians are regulated by the ASIC, and there is no point in trading through an unauthorized company regardless of the attractiveness of the offer. Beginners, in particular, lack the background in finance to understand the brokerage business, and as such, they will do well to place themselves under the protective umbrella of a regulator in order to avoid grave disappointments later. The benefit of local law, active regulatory oversight, and specified capital funding requirements that must be maintained will provide peace of mind and allow for a good night’s sleep. Having historical ties to the British Commonwealth has its advantages, too. London has always been the world’s financial center for foreign exchange, and many professionals from the London area have migrated over time to Australia. The same is true for many financial professionals from other parts of the world, as well, so Australians can count on a sound foundation for trading within the country. This history, however, does not imply that all brokers are the same. There are good and bad in all markets, and your due diligence should include independent reviews and recommendations from other traders. In order to facilitate your easy access to the best and most efficient regulated brokers in Australia, we have created our own forex broker toplist above by carefully picking what we believe to be the best firms in the business. Being in-the-know never hurts, so be sure to check our list before you make your final decision. Top Forex Brokers in Australia. Though ASIC regulates dozens of Forex brokers in Australia, traders in the southern hemisphere needn’t look only within their borders for the best brokerage. In fact, some of the best Forex brokers in Australia may not be based in Australia at all! Nevertheless, the benefits of choosing an Australian Forex broker should not be overlooked. Specifically, Australian Forex brokers may provide market updates during the Asian trading session, stronger customer support availability during local trading hours and a connection with local banks. We’ve compiled a list of the top Australian Forex brokers based on reliability, professionalism, responsiveness and, of course, trading conditions, to help you find the best Australian Forex broker for your specific needs. Australians aren't the only ones who think their currency is valuable. In fact, the Australian dollar (AUD) is one of the major currencies and is included in many different pairs (think AUD/USD, AUD/CAD, EUR/AUD, for example). If you live down under, however, you may feel more comfortable trading your own currency over others. For this reason alone, it's a good idea to look for Forex brokers in Australia that offer the best spreads and execution for AUD pairs and crosses. One important thing to consider is that Australian regulated brokers are able to offer up to 1:500 leverage while those regulated in other regions may be required to limit their leverage in order to protect trader funds. (Of course, non-regulated brokers that accept Australian clients may offer even higher leverage, but we don’t recommend trading with non-regulated brokers or risking too much on a single position). Regulated Australian Forex Brokers. Regulation for Australian Forex brokers is provided by ASIC, the Australia Securities and Investments Commission. By investing the time and energy in obtaining this type of regulation Australian Forex brokers are indicating that they're invested in protecting the security of their clients' funds and that they aren't a fly-by-night brokerage that will take your money and close. Of course, brokers regulated in other regions have demonstrated similar willingness. The biggest difference, however, is that if you're based in Australia and you worry about ever having to make a claim against your Forex broker, you may want to do so to a regulatory body that is in your area. It is also worth noting that some brokers have ASIC regulation as well as regulation in other regions, indicating a global reach and a commitment to trustworthiness. Consider trying out a few of our top rated Australian Forex brokers by opening a demo account and testing the trading conditions for yourself. You may be surprised to find that there are different advantages and disadvantages to each broker. Check out the broker list below to get started. Australian Forex Brokers. AvaTrade is among the top Forex brokers in the world with offices in New York, Dublin, Sydney, Milan, Tokyo and other locations. It is regulated by the Central Bank of Ireland and licensed by MiFID in the European Union as well as by several other licensing bodies. AvaTrade’s features include, among other things, a choice of platforms, a demo account, an Ava debit card for all live account holders, access to Trading Central charting tools for depositors of over $1000 and free withdrawals. FXTM or Forex Time, founded in 2012, is still considered a newcomer to the online Forex trading scene. However, within a span of two short years, this broker has managed to carve out a name for itself by wining several industry awards such as “Best Newcomer 2013” and “Fastest Growing Forex Broker.” FXTM is headquartered in Cyprus and is regulated by IFSC of Belize as well as FSB. Pepperstone, established in 2010, is an Australian-based ECN broker. It was founded in 2010 and is regulated by ASIC. Pepperstone is an ideal no desk broker that accommodates all trading styles. The broker’s website belies the exciting trading experience that lies within its trading platform. The company is based in Melbourne, Australia and has offices in Dallas, USA and Shanghai, China. FXCM (Forex Capital Markets) was founded in 1999 in the U.S.A. and was an early pioneer of internet-based trading. FXCM was listed among the fastest growing companies by Inc. 500 List of America’s Fastest Growing Companies three years in a row. The FXCM Group has headquarters in New York, with offices around the globe in places such as the U.K., France, Italy, and Australia. It is regulated and licensed in each of them. FXCM is also a publicly traded company on the Nasdaq Exchange, the major U.S. exchange listing the equity of large technology-based companies. Plus500 Ltd is headquartered in Israel with subsidiaries in the United Kingdom, Cyprus and Australia: Plus500 UK Ltd is authorized and regulated by the Financial Conduct Authority (FRN 509909). Plus500 CY LTD is authorized and regulated by the Cyprus Securities and Exchange Commission (License No. 250/14). Plus500AU Pty Ltd, AFSL #417727 issued by the Australian Securities and Investments Commission is authorized to issue these products to Australian residents. Traders should understand that when trading with Plus500 they do not own the underlying assets and they must consider the disclosure agreements on the broker’s website. eToro, founded in 2007 and domiciled in Limassol, Cyprus, is a leading social site on the global scene with 5,000,000 traders. It is regulated by NFA, CySEC, ASIC, CFTC, MiFID, FCA and has been the recipient of several awards. Most Visited Forex Broker Reviews. Stay Updated! Also Available on. Risk Disclaimer: DailyForex will not be held liable for any loss or damage resulting from reliance on the information contained within this website including market news, analysis, trading signals and Forex broker reviews. The data contained in this website is not necessarily real-time nor accurate, and analyses are the opinions of the author and do not represent the recommendations of DailyForex or its employees. Currency trading on margin involves high risk, and is not suitable for all investors. As a leveraged product losses are able to exceed initial deposits and capital is at risk. Before deciding to trade Forex or any other financial instrument you should carefully consider your investment objectives, level of experience, and risk appetite. We work hard to offer you valuable information about all of the brokers that we review. In order to provide you with this free service we receive advertising fees from brokers, including some of those listed within our rankings and on this page. While we do our utmost to ensure that all our data is up-to-date, we encourage you to verify our information with the broker directly. Risk Disclaimer: DailyForex will not be held liable for any loss or damage resulting from reliance on the information contained within this website including market news, analysis, trading signals and Forex broker reviews. The data contained in this website is not necessarily real-time nor accurate, and analyses are the opinions of the author and do not represent the recommendations of DailyForex or its employees. Currency trading on margin involves high risk, and is not suitable for all investors. As a leveraged product losses are able to exceed initial deposits and capital is at risk. Before deciding to trade Forex or any other financial instrument you should carefully consider your investment objectives, level of experience, and risk appetite. We work hard to offer you valuable information about all of the brokers that we review. In order to provide you with this free service we receive advertising fees from brokers, including some of those listed within our rankings and on this page. While we do our utmost to ensure that all our data is up-to-date, we encourage you to verify our information with the broker directly.