Australian Forex Trading Platform Low Commission Brokers

Be aware of brokers who say guaranteed profits as the risk will be there, as not all forex brokers are trustworthy. Looking deeper into restrictions, the only ones that we could get our hands on are rules laid by Australia’s Forex regulatory body ASIC for trading platforms. ASIC dictates that before any unregulated broker in Australia starts to deal with Forex CFD products for traders and foreign exchange market for traders, they need to get regulated by ASIC. Plus500 is considered among Australia’s best forex trading brokers, specially designed for beginners, and the broker provides excellent trading conditions. This forex trading broker offers user-friendly trading software to trade and competitive spreads, better spreads for forex trades, and many good options for various forex pairs.
Eightcap is an Australian organization founded in 2009 and is regulated by the Australian Securities and Investments Commission and SCB. Check out all available mobile and web apps and explore all your broker’s trading platforms (I always recommend starting out with your broker’s free demo account). Trading forex in Australia is popular among residents and international traders seeking an forex australia Australian-based broker. The top 8 lowest commission brokers are led by the Fusion Markets ZERO account which charges $2.25 per side ($4.50 round turn). This is over 50% lowest than other low-spread brokers including FP Markets, Pepperstone and IC Markets which charged $3.50 per side ($7.00 round turn). The broker also has competitive spreads and no deposit or withdrawal hidden fees.

This broker offers 55 currency pairs, nearly all of which can be traded either through CFDs or through European-style vanilla options. Capital.com is a regulated broker by the UK’s Financial Conduct Authority – a top-tier global regulator – but not by ASIC. The platform requires just a $20 minimum deposit to open an account, and all Australian traders get access to 24/7 customer support.
The broker is authorized and regulated by a top-tier regulator, namely the Financial Conduct Authority of the UK. Key To Markets offers Standard and Pro account types and low trading fees. Both spread-free and commission-free accounts are available with this broker and high and low-frequency traders can easily find the best trading conditions.

Whilst making your own trades is a great way to take part in the stock market, one of the main features of eToro is its copy  trading function. If you qualify as a professional trader, this leveraged amount can be increased so you can leverage your trades up to x20 on some selected stocks. The forex spread may increase if there is an important news announcement or an event that causes higher market volatility. One of the downsides of a variable spread is that, if the spread widens dramatically, your positions could be closed or you’ll be put on margin call.
Choosing a reliable forex broker is an important step towards protecting yourself from risks as a forex trader. A regulated broker is required to follow strict guidelines and regulations to ensure the safety of their  traders' funds. The first step for every forex trader should be choosing a reliable, well-regulated forex broker.

Since liquidity is another core element of a successful Forex scalping strategy, the best Forex pairs for scalping consist of major currency pairs. They include the EUR/USD, GBP/USD, USD/JPY, USD/CHF, USD/CAD, AUD/USD, NZD/USD, together with the EUR/GBP, EUR/JPY, and EUR/CHF. They are usually the ones with the tightest spreads, highest trading volume and deepest liquidity. Since scalping Forex involves placing hundreds of trades daily, there will be many small profits and losses. Scalpers must follow their strategy precisely while also understanding when to make swift adjustments to dynamic market conditions.
Fees are competitive, particularly for the ThinkZero account with spreads starting at zero. The brand is popular for its raw spreads on 1000+ instruments and advanced MetaTrader platforms. With five global offices and ASIC regulation, Eightcap has built a strong reputation.
Tickmill is most valuable to high-volume, high-balance traders who are looking to trade only the most popular forex and CFD instruments. Tickmill complements its MetaTrader offering with a good variety of copy-trading platforms and offers multiple account options with varying pricing structures. BlackBull Markets offers three account types, the ECN Standard, ECN Prime and ECN Institutional. Pepperstone offers two accounts, both with tight floating spreads and ECN execution. The Standard Account is commission-free and the average spread on the EUR/USD is 1.09 pips. The Razor Account charges a commission of 7 AUD round turn but the average spread on the EUR/USD is 0.09 pips – about as close as traders can get to true market prices as possible.