ForexBest forex brokers in Australia
Australian residents should use a broker holding an Australian Financial Services Licence from ASIC. Three of the brokers we review are Australian and hold one.
What ASIC regulation gives you
Retail leverage capped at 30:1 on major pairs, a 50% margin close-out and negative balance protection. Check the AFSL number on ASIC's professional register before you deposit.
1. IC Markets: ASIC-licensed with raw pricing and cTrader
Watch for: IC's published $0 minimum applies to its global Seychelles entity. Confirm the minimum deposit for International Capital Markets Pty Ltd (ASIC) before funding.
2. Pepperstone: ASIC-licensed with no minimum deposit
Watch for: Commission differs by platform. Read our Pepperstone review.
3. Eightcap: ASIC-licensed with TradingView
Watch for: No cTrader. Read our Eightcap review.
XM in Australia
XM's former Australian licence (AFSL 443670) is now held by Trading.com Markets Pty Ltd, and xm.com/au redirects to trading.com.
How we chose. These shortlists use published terms only: costs, minimum deposit, platforms and the regulator of the entity you would join. We have not ranked brokers on scores, and the order is not a recommendation for your circumstances. Read our methodology and affiliate disclosure.
CFDs and leveraged forex are complex and carry a high risk of losing money rapidly. Most retail accounts lose money. Only trade with money you can afford to lose.