The Best Forex Brokers in Australia

Introduction

Forex trading is common in Australia, and there are plenty of brokers to choose from. In Australia forex brokers are generally licenced and regulated by the Australian Securities & Investment Commission (ASIC), which is the main regulator of all financial markets in the country.

CFD trading is also legal in Australia, so you can trade in forex via CFDs with the brokers who offer that facility, often with leverage of up to 30x, which is the maximum allowed by ASIC. ASIC also requires forex brokers to offer negative balance protection for retail CFD traders which means you can never lose more money than you deposited with your broker. Here is our list of some of the best forex brokers Australia has to offer.

Best Forex Brokers in Australia:

Broker	Features	Min Deposit	EURUSD Spread
Between 74-89 % of retail investor accounts lose money when trading CFDs US Clients: No Regulated : Yes	FCA, CySEC, DFSA, BaFIN, SCB, CMA & ASIC Authorized and Regulated 24 Hour Support Negative Balance Protection	$200	NDD 0.09 / Standard 0.69	Sign Up Between 74-89 % of retail investor accounts lose money when trading CFDs Open Demo Account Read Pepperstone Review
Your capital is at risk US Clients: No Regulated : Yes	ASIC Regulated Well Established No Fees 24 hour support	$200	From 0.1 pips	Sign Up Open Demo Account Read Vantage Review
Your capital is at risk US Clients: No Regulated : Yes	– 40% New Member Bonus – MIFID, ASIC, FSA & FSCA regulated – Free Online Trading Coach	$100	Fixed	Sign Up Europe* CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Open Demo Account Read AvaTrade Review
76% of CFD traders lose money US Clients: No Regulated : Yes	Social Trading Platform FCA & CySEC Regulated Minimum Deposit $50 (varying across region) Demo Account Copy Trading 2000+ Instruments	$50 (varying by Country)	from 1	Sign Up 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. Open Demo Account Read eToro Review
Your capital is at risk US Clients: No Regulated : Yes	Access the market depth window to view the top bids and offers. Place trading alerts. Execute trades with the assistance of robots (Expert Advisors).	No minimum deposit	From 0.0 pips	Sign Up Open Demo Account Read VT Markets Review

These are just a few of the excellent forex brokers Australia has to offer. If you are an Australian forex trader you have a great range of brokers to choose from. Always check that your broker is regulated by ASIC.