BEST TRADING PLATFORMS, BROKERS & APPS IN AUSTRALIA

Australia is home to one of the most prominent and safest online trading markets in the world.

There is a large selection of reliable and safe brokers and platforms in the country and you find the best of the best below. They’re all safe to use and licensed by Australia’s financial regulatory body, meaning the brokers operate legally and under close supervision.

We have spent well over 150+ hours researching the market and testing all the best brokers and platforms in Australia. Whether you’re looking to trade CFDs and other derivatives, forex, stocks, or even cryptocurrencies, you’ll find a suitable platform here.

COMPARE THE BEST FOREX TRADING PLATFORMS & BROKERS IN AUSTRALIA

CMC Markets
IG Markets
eToro

Spread on Amazon

0.08%

Min. $2

0.09%

Commission

Withdrawal Fee

0%

0%

€25

Minimum Deposit

€0

$250

€100

Time to Withdraw

1 Day

1-3 Days

1 Day

How Many Cryptocurrencies

12 (plus pairs)

16 (plus pairs)

How Many Currency Pairs

300

80+

47

How Many Stocks

9000+

12,000+

1,000+

Platform

MT4 + DMA

MetaTrader 4 + DMA

eToro + eToroX

Mobile App

24/7 Support

Regulation

ASIC

ASIC

CySEC

Based in

the UK

The UK

Israel

75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

WHAT MAKES A GOOD FOREX TRADING PLATFORM & BROKER IN AUSTRALIA?

The forex market is the biggest financial market in the world with huge margins. The reason being that countries trade currencies to keep the economy at bay.

However, there are not only countries trading forex, but millions of retail traders as well which has resulted in an almost absurd number of forex brokers in Australia.

Luckily (or maybe unluckily), most forex brokers are not good enough to be used seriously, meaning there are only a few brokers that can be considered the best.

Figuring out which brokers are better than the rest is not the easiest, and it takes a lot of time and effort, which is why we’ve done it for you.

Over the past couple of years, we have spent countless hours testing and reviewing the best forex brokers in Australia, and this page is the culmination of all that work.

More than 150 hours have been put into reviewing and testing forex platforms in Australia to ensure these are truly the top brokers.

We’ve checked everything from safety measures and licensing to selection and quality of platforms and apps, which you can read more about below.

All the recommended Australian forex brokers are licensed by the Australian Securities and Instruments Commission (ASIC).

ASIC is a respected international financial regulator that’s known for being very strict.

In addition to that, most forex brokers below are also licensed by other regulatory bodies such as FCA of the UK and CySEC in the European Union.

We would also never recommend a broker that didn’t have a good selection of tradable currencies.

The least we expect is all the majors, most of the minors and a couple of exotic pairs.

Although, we prefer even more than that and we love when brokers offer unique currency pairs and products that we haven’t seen before.

At this point, we start trading forex using all the available software and apps to make sure that it’s good enough.

We expect the execution to be flawless, and we want all the tools and features to make your trading experience better.

As a forex trader, you’re only as good as your platform allows, meaning you should only settle for the very best.

COMPARE THE BEST FOREX TRADING PLATFORMS & BROKERS IN AUSTRALIA

CMC Markets
IG Markets
eToro

Spread on Amazon

0.08%

Min. $2

0.09%

Commission

Withdrawal Fee

0%

0%

€25

Minimum Deposit

€0

$250

€100

Time to Withdraw

1 Day

1-3 Days

1 Day

How Many Cryptocurrencies

12 (plus pairs)

16 (plus pairs)

How Many Currency Pairs

300

80+

47

How Many Stocks

9000+

12,000+

1,000+

Platform

MT4 + DMA

MetaTrader 4 + DMA

eToro + eToroX

Mobile App

24/7 Support

Regulation

ASIC

ASIC

CySEC

Based in

the UK

The UK

Israel

75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Tested Platforms & Brokers - And By Who
  • eToro
  • Markets.com
  • 24Option
  • IQ Option
  • IQ Option
  • IQ Option
  • IQ Option
  • IQ Option
Adam Jarfjord
Senior Editor
With several years of experience writing financial copy combined with an avid interest in forex trading, Adam possesses a superb understanding of the industry.

FAQ – EVERYTHING ABOUT TRADING PLATFORMS & BROKERS IN AUSTRALIA

Here we’ve listed the most commonly asked questions about trading in Australia. We cover topics such as the legal status of trading in Australia to where you can find the best brokers and platforms in Australia.

Don’t hesitate to reach out to us if you have a question or a concern that hasn’t been answered yet.

Is Forex Trading Tax-Free in Australia?
Yes, forex trading is legal and fully regulated by the Australian Securities & Investments Commission.
Is Forex Trading Tax-Free in Australia?
No, Australian traders are obligated to declare all their trading and pay taxes on their profits.
Is Forex Trading Tax-Free in Australia?
We normally recommend eToro to beginners due to their practical copy trading feature that is very easy to use when you first get started. Otherwise, both IG Markets and CMC Markets offer a combination of CFDs and stock trading on the exchanges.

Leave a comment