Best Forex Brokers in Australia 2026
Australia is a major forex trading hub in the Asia-Pacific region, regulated by the Australian Securities and Investments Commission (ASIC). ASIC is recognized as a top-tier regulator with strict requirements for broker capitalization and client fund segregation.
Regulators
ASIC
Max Leverage
1:30
Brokers Reviewed
28
Is Forex Trading Legal in Australia?
Forex trading is fully legal and regulated. Brokers must hold an Australian Financial Services (AFS) licence from ASIC.
ASIC reduced retail leverage to 1:30 in 2021 to align with global standards. Professional traders may access higher leverage.
Top 28 Brokers for Australia Traders
| Feature |  IG Overall 9.2/10 |  Interactive Brokers Overall 9.2/10 |  IC Markets Overall 8.8/10 |  CMC Markets Overall 8.8/10 |  XM Overall 8.5/10 |
|---|---|---|---|---|---|
| Overall Score | 9.2/10 ✓ | 9.2/10 ✓ | 8.8/10 | 8.8/10 | 8.5/10 |
| Spreads From | 0.6 pips | 0.1 pips | 0.0 pips | 0.7 pips | 0.6 pips |
| Min Deposit Lower is better | $250 | $0 ✓ | $200 | $0 ✓ | $5 |
| Platforms | IG Platform, MT4, ProRealTime, L2 Dealer | TWS, IBKR Mobile, IBKR GlobalTrader | MT4, MT5, cTrader | Next Generation, MT4 | MT4, MT5, XM App |
| Regulation | FCA, ASIC, MAS, BaFin | SEC, FCA, ASIC, MAS, IIROC | ASIC, CySEC, FSA | FCA, ASIC, BaFin | CySEC, ASIC, IFSC |
| Markets | 17,000+ | 1,000,000+ ✓ | 2,200+ | 10,000+ | 1,000+ |
IG
Est. 1974 · London, UK
Min Deposit
$250
Spreads From
0.6 pips
Leverage
1:200
Instruments
17,000
Interactive Brokers
Est. 1978 · Greenwich, USA
Min Deposit
$0
Spreads From
0.1 pips
Leverage
1:50
Instruments
1,000,000
IC Markets
Est. 2007 · Sydney, Australia
Min Deposit
$200
Spreads From
0.0 pips
Leverage
1:500
Instruments
2,200
CMC Markets
Est. 1989 · London, UK
Min Deposit
$0
Spreads From
0.7 pips
Leverage
1:500
Instruments
10,000
XM
Est. 2009 · Limassol, Cyprus
Min Deposit
$5
Spreads From
0.6 pips
Leverage
1:1000
Instruments
1,000
Pepperstone
Est. 2010 · Melbourne, Australia
Min Deposit
$0
Spreads From
0.0 pips
Leverage
1:500
Instruments
1,200
Capital.com
Est. 2016 · London, UK
Min Deposit
$20
Spreads From
0.6 pips
Leverage
1:200
Instruments
6,400
Forex.com
Est. 2001 · Warren, New Jersey, USA
Min Deposit
$100
Spreads From
0.0 pips
Leverage
1:200
Instruments
5,000
Admirals
Est. 2001 · Tallinn, Estonia
Min Deposit
$100
Spreads From
0.0 pips
Leverage
1:500
Instruments
4,000
Oanda
Est. 1996 · New York, USA
Min Deposit
$0
Spreads From
1.0 pips
Leverage
1:200
Instruments
120
ThinkMarkets
Est. 2010 · London, UK
Min Deposit
$0
Spreads From
0.0 pips
Leverage
1:500
Instruments
4,000
AvaTrade
Est. 2006 · Dublin, Ireland
Min Deposit
$100
Spreads From
0.9 pips
Leverage
1:400
Instruments
1,250
FP Markets
Est. 2005 · Sydney, Australia
Min Deposit
$100
Spreads From
0.0 pips
Leverage
1:500
Instruments
10,000
Fusion Markets
Est. 2017 · Melbourne, Australia
Min Deposit
$0
Spreads From
0.0 pips
Leverage
1:500
Instruments
250
Axi
Est. 2007 · Sydney, Australia
Min Deposit
$0
Spreads From
0.0 pips
Leverage
1:500
Instruments
300
Eightcap
Est. 2009 · Melbourne, Australia
Min Deposit
$100
Spreads From
0.0 pips
Leverage
1:500
Instruments
800
Multibank Group
Est. 2005 · Dubai, UAE
Min Deposit
$50
Spreads From
0.0 pips
Leverage
1:500
Instruments
1,000
Global Prime
Est. 2010 · Melbourne, Australia
Min Deposit
$0
Spreads From
0.0 pips
Leverage
1:500
Instruments
150
Plus500
Est. 2008 · Haifa, Israel
Min Deposit
$100
Spreads From
0.8 pips
Leverage
1:300
Instruments
2,800
eToro
Est. 2007 · Tel Aviv, Israel
Min Deposit
$50
Spreads From
1.0 pips
Leverage
1:30
Instruments
3,400
Vantage
Est. 2009 · Sydney, Australia
Min Deposit
$50
Spreads From
0.0 pips
Leverage
1:500
Instruments
1,000
GO Markets
Est. 2006 · Melbourne, Australia
Min Deposit
$200
Spreads From
0.0 pips
Leverage
1:500
Instruments
350
FXOpen
Est. 2005 · Christchurch, New Zealand
Min Deposit
$1
Spreads From
0.0 pips
Leverage
1:500
Instruments
600
Moomoo
Est. 2018 · Palo Alto, USA
Min Deposit
$0
Spreads From
N/A
Leverage
1:5
Instruments
7,000
ACY Securities
Est. 2011 · Sydney, Australia
Min Deposit
$50
Spreads From
0.0 pips
Leverage
1:500
Instruments
2,200
Moneta Markets
Est. 2020 · Melbourne, Australia
Min Deposit
$50
Spreads From
0.0 pips
Leverage
1:500
Instruments
300
Webull
Est. 2017 · New York, USA
Min Deposit
$0
Spreads From
N/A
Leverage
1:5
Instruments
5,000
Blueberry Markets
Est. 2016 · Melbourne, Australia
Min Deposit
$100
Spreads From
0.0 pips
Leverage
1:500
Instruments
300
Tips for Australia Traders
Verify ASIC AFS licence number on the ASIC Connect register
Retail leverage is capped at 1:30 since 2021
Client funds must be held in segregated accounts
Many major brokers are headquartered in Australia
More broker shortlists for Australia
These country-specific pages reuse the same market context, but narrow the shortlist by platform, trading style, or a tighter search intent.
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Frequently Asked Questions
Is forex trading legal in Australia?
Yes, forex trading is legal and regulated by ASIC. Brokers need an AFS licence.
What leverage can Australian traders use?
Retail leverage is capped at 1:30 on major pairs. Higher leverage is available for wholesale/professional clients.
Are my funds protected with ASIC brokers?
ASIC requires brokers to segregate client funds, but Australia does not have a government-backed compensation scheme like the UK's FSCS.
Read the full reviews for the brokers available in Australia
This country page is the shortlist. The individual reviews are where you can check platform details, withdrawal terms, regulation, and who each broker suits best before you choose.
IG review
IG is a premium broker with 50+ years of experience, 17,000+ markets, and an exceptional proprietary platform backed by top-tier global regulation.
Interactive Brokers review
Interactive Brokers is one of the world's largest and most regulated brokers, offering access to 150+ markets, all asset classes, and professional-grade tools at industry-leading low costs.
IC Markets review
IC Markets delivers institutional-grade execution with raw spreads from 0.0 pips, $15B+ daily volume, and ASIC/CySEC regulation.
CMC Markets review
CMC Markets is a 35-year veteran offering 10,000+ instruments through its award-winning Next Generation platform with FCA/ASIC/BaFin regulation.
XM review
XM is a well-regulated broker known for its excellent education, $5 minimum deposit, and reliable MetaTrader execution across 1,000+ instruments.
Pepperstone review
Pepperstone offers raw spreads from 0.0 pips, four platform choices, and strong ASIC/FCA regulation with no minimum deposit requirement.
Capital.com review
Capital.com offers an AI-powered trading platform with 6,400+ commission-free instruments, strong quad-regulation, and a low $20 minimum deposit.
Forex.com review
Forex.com, owned by StoneX Group, offers 5,000+ instruments with a proprietary platform, DMA trading, and strong FCA/ASIC/CySEC regulation.
Admirals review
Admirals (formerly Admiral Markets) offers 4,000+ instruments with the enhanced MetaTrader Supreme Edition and triple CySEC/FCA/ASIC regulation.
Oanda review
Oanda is a veteran forex broker with nearly 30 years of history, top-tier FCA/ASIC/MAS regulation, premium analytics, and no minimum deposit.
ThinkMarkets review
ThinkMarkets combines its proprietary ThinkTrader platform with MT4/MT5, no minimum deposit, and ASIC/FCA/CySEC regulation across 4,000+ instruments.
AvaTrade review
AvaTrade is one of the most widely regulated brokers globally, offering MT4/MT5, proprietary apps, options trading, and copy trading since 2006.
FP Markets review
FP Markets offers raw spreads, four platform choices including DMA stock trading via IRESS, and 20 years of ASIC/CySEC-regulated operations.
Fusion Markets review
Fusion Markets is an ASIC-regulated broker famous for ultra-low commissions at just $2.25 per lot, making it one of the cheapest brokers globally.
Axi review
Axi is a triple-regulated broker with no minimum deposit, raw ECN spreads, and built-in copy trading backed by ASIC, FCA, and DFSA oversight.
Eightcap review
Eightcap stands out with TradingView integration, raw spreads from 0.0 pips, and ASIC/CySEC regulation across 800+ instruments including crypto CFDs.
Multibank Group review
Multibank Group is a multi-regulated broker with ASIC and BaFin licenses, offering ECN execution, raw spreads, and a daily trading volume exceeding $1 billion.
Global Prime review
Global Prime is an ASIC-regulated ECN broker offering transparent raw pricing, no minimum deposit, and reliable execution for cost-conscious traders.
Plus500 review
Plus500 is a publicly listed CFD broker offering a simple, commission-free platform with strong multi-regulator oversight and 2,800+ instruments.
eToro review
eToro pioneered social trading with CopyTrader, offering stocks, crypto, and forex in one platform with 30M+ users and strong regulation.
Vantage review
Vantage is an ASIC-regulated ECN broker offering raw spreads from 0.0 pips, fast execution, and competitive pricing across 1,000+ instruments.
GO Markets review
GO Markets is an ASIC-regulated Australian broker with raw spreads from 0.0 pips, cTrader support, and a solid 18-year track record in the industry.
FXOpen review
FXOpen is a triple-regulated broker (FCA/ASIC/CySEC) with over 20 years of operation, offering ECN trading through MT4, MT5, and its proprietary TickTrader platform from just $1.
Moomoo review
Moomoo is an ASIC/MAS-regulated stock trading platform offering commission-free trades, powerful research tools, and access to global stock markets.
ACY Securities review
ACY Securities is an ASIC-regulated ECN broker based in Sydney offering raw spreads from 0.0 pips, MT4/MT5 platforms, and over 2,200 instruments with a $50 minimum deposit.
Moneta Markets review
Moneta Markets is an ASIC-regulated Australian broker offering ECN pricing with raw spreads, multiple account types, and a user-friendly mobile trading app.
Webull review
Webull is a commission-free stock trading platform with an excellent mobile app, advanced charting, and access to US stock markets with no minimum deposit.
Blueberry Markets review
Blueberry Markets is an ASIC-regulated Australian broker offering competitive ECN pricing through MT4/MT5 with a focus on forex and CFD trading.