Forex Brokers in Australia Regulated and Trusted 2023

Leverage increases the effective size of your position, so it multiplies both your risk and your potential return. Importantly, if you hold a leveraged position overnight, your brokerage will charge you interest on the money you are borrowing for your position. Forex brokerages help you get around this by letting you trade contracts for difference .
Global Prime use 26 liquidity providers consisting of tier 1 banks, ECNs and non-bank liquidity provider who specialise in particular currency pairs. This not only helps to ensure available liquidity but also helps traders get the most competitive rates on their trades by choosing the most appropriate liquidity provider. It is, for this reason, Global Prime australian forex broker call itself a prime of prime POP broker. Whether a low spread and commission model is advantageous depends largely on the trader’s strategy and trading frequency. IC Markets was founded in 2007 and holds a regulatory licence from ASIC in Australia. It is renowned for its low trading costs, choice of platforms, and broad selection of trading tools.
Low trading costs and a superlative mobile experience make this broker a great pick if you’re intending to trade primarily on mobile. CMC Market’s Next Generation apps, available for Android and iOS, stand out with their user-friendly design. With all essential technical tools integrated, creating advanced trading strategies on the go has never been easier.

CFDs allow you to speculate on the price of one currency relative to another without ever directly owning either currency. When trading without leverage,  your return from trading CFDs is the same as it would be if you owned the currencies themselves. Trading forex successfully requires that you have the right broker. You need research and analysis tools to help you find profitable opportunities and the widest possible selection of currencies to trade, and you’ll also want low fees.
A No-Deposit Bonus is tradable money applied for new clients, The money is added in the form of BONUS by Forex Broker to attract new traders. Practice live trading in a risk-free environment and cash out profits as stated in the T&Cs. Bonuses are considered a generous offer for new clients to test the brokerage services.

The deposit bonus is assigned a percentage of the amount you deposit, while a no deposit bonus is a specific amount given to the trader. Forex no deposit bonus is given to new clients only, while a deposit bonus may be awarded to both new and existing clients for their next level of trade. In this case, the trader needs to complete the required no. of trading lots to withdraw both profits and bonuses. PROFITS – Now-a-day, Brokers will require you to trade a certain no. of the trading volume set for the promotion as withdrawal conditions. To get the forex no deposit bonus, you only need to create an account by signing up using all your personal details.
Notably, the minimum deposit for the Classic account stands at €2,000, and a significant jump to AUD 300,000 for the Platinum account. For platform performance, we believe Saxo Bank continues to raise the bar. The user interface across SaxoTraderGO web-based platform and SaxoTraderPRO desktop software is consistent and incredibly user-friendly. The flagship SaxoTraderGO offers advanced charting capabilities with a plethora of indicators and drawing tools.

MT4 offers a range of charting and technical analysis tools, making it customisable and adaptable to different trading strategies. Choose a platform that is licensed and offers detailed and reliable trading tools as well as low spreads, commissions and withdrawal fees. If you cover all the factors outlined in the guide above, you should not have any issues, whether you are getting started with investing or switching brokers. Most Australian forex brokers have minimum spreads of 0.6 pips, while some offer even lower starting at 0.0 pips.
It depends on the individual trader’s trading style, experience, and financial goals. The broker is a top contender in the Australian forex market and is well worth considering for traders of all experience levels. In the realm of mobile trading apps, Pepperstone provides access to third-party platforms, including TradingView, MetaTrader , and cTrader. While these platforms offer a seamless trading experience, we feel the inclusion of a proprietary mobile app could further enhance Pepperstone's standing among top forex brokers. Pepperstone provides an exciting suite of tradeable markets, allowing traders ample options to diversify their portfolios.
Choose a reputable broker that is properly licensed and regulated by ASIC by verifying their credentials on the ASIC website. Check out this video where I show you how to verify if your broker is regulated by ASIC. Plus500’s mobile trading app also includes desirable order types to manage risk. Place stop-limit, stop-loss, and trailing-stop orders, as well as guaranteed stops.

From time to time South African traders can expect very “lucrative bonuses and promotions” that can boost their account balance. Mt5 traders can select from forex, indices, cryptocurrencies, such as bitcoin, and shares. IC Markets is Australia's top online trading company, offering trading solutions for active day traders and scalpers as well as traders that are new to the market.
IG system is design to eat your money away working sneakily in the background. Stay Away from IG as their system have hidden fees eating away in the background. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence or obtain advice where necessary. This website is free for you to use but we may receive a commission from the companies we feature on this site.

The main driving factors for these moves are central banks, news reports and market sentiments. Understanding how each of these operate will help you on your trading journey. Yes, forex trading in Australia is legal and is regulated by the Australian Securities and Investments Commission .
This license acts as a guarantee to Aussie customers that the trading services provided are in full compliance with ASIC’s high standards for security and transparency. To protect Aussie traders, the local regulator requires brokerages to store customers’ money in segregated accounts. The brokers must show proof of this segregation to the regulatory body when requested. This way, if something causes the brokerage to file for insolvency, clients’ funds will remain intact. Aussie traders are further safeguarded through different insurance schemes and protection plans.