Many new Australian traders will need help to discover the correct broker, a trustworthy companion, among many online brokers. Finding the right broker to trade with in Australia might take a lot of work.
Identifying a reliable trading partner might be difficult, but FX Empire is here to help. Based on the feedback of our Australian-wide readership and the extensive study of our industry experts, we’ve compiled a list of the country’s top-rated, most reliable, and most technologically advanced brokerages.
What is HotForex?
Since its founding in 2010, Hot Forex has expanded into over a hundred nations. The Financial Conduct Authority(FCA) in the UK oversees HotForex. HF Markets UK Limited and HF Markets Europe Ltd are part of the giant HF Markets Group. Trading derivatives and Forex online is more accessible with HotForex’s many account options, trader tools, and software.
Different accounts are available on this site, so traders can select one that best meets their requirements. This HotForex review offers the tools and features necessary for all sorts of traders to work on their trading methods, including enhanced trading tools, features, and lightning-fast execution of orders.
Top 6 Australian Forex Brokers
See our top best Australian forex brokers below. These suggestions are based not on personal experience but on research and reputation.
The IC Markets name was launched in 2007 and is owned by International Capital Markets PTY. This service is authorized by the Australian Securities and Investments Commission via AFSL license number 335692. (ASIC). The company’s headquarters may be found on 309 Kent Street, Suite 606, in Sydney. The broker also has a presence in the Limassol district of Cyprus.
IC Markets provides access to the market via three distinct trading platforms: MetaTrader 4, MetaTrader 5, and cTrader. Both MT4 and MT5 are trustworthy trading platforms. As for cTrader, it is a venue that was developed with genuine ECN connectivity in mind. The low spreads and large leverage ratios are two additional benefits of IC Markets. The broker’s reputation also stems from the fact that it provides its traders with an extensive training facility.
Nightcap Pty Ltd began operations in that country in 2009. Both the Australian Securities and Investments Commission (ASIC) and the Vanuatu Financial Services Commission have granted the broker their authorization and regulation (VFSC).
Clients can use the Web (MT5 only), PC/Mac, and mobile versions of the broker’s MetaTrader 4 and MetaTrader 5 trading platforms to trade on more than 300 financial CFD instruments, including Forex, Indices, Commodities, Shares, and Cryptocurrencies.
Many regulatory bodies have granted TMGM permission to operate, with the Australian Securities and Investments Commission (ASIC) and the Vanuatu Financial Services Commission being two examples (VFSC). Client monies are held in separate accounts at Westpac and National Australia Bank, both of which are tier 1 Australian institution, and the company has an Australian Financial Services Licence.
Trading on TMGM gives you access to over 15,000+ financial CFD instruments in 7 asset groups, such as Forex, Metals, Energies, Cryptocurrencies, Commodities, Indices, and Shares from the US, Australia, and Hong Kong. You can accomplish this from either a Standard or a Margin Trading Account. Raw spreads start at 0 pips on the Edge Account, but they start at one pip on the Classic Account, which is commission-free.
First, Prudential Markets Pty Ltd is behind the FP Markets online forex and CFDs trading platform. The holding company is headquartered in Sydney, New South Wales, Australia, at Exchange House, Level 5, 10 Bridge St. FP Markets was established in 2005 and is authorized to provide financial services in Australia by its Australian Financial Services License (AFSL) number 286354, issued by the Australian Securities and Investments Commission (ASIC). The broker provides its customers with a selection of trading platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), and the Iress trader platform.
With FP Markets, you can get spreads as low as zero pips because the broker claims to have proper ECN connectivity. Traders at FP Markets can choose from various trading accounts, including those dedicated to spotting forex trading and those devoted to CFDs trading.
For serious investors, GO Markets is a must-have trading platform. The low fees and availability of cutting-edge trading platforms like MetaTrader 4 and third-party analytical tools were developed with experienced traders in mind.
The commission-free trading accounts, reasonable spreads, live trading webinars, and trading courses from the GO Trade Academy are beautiful for novice traders.
AvaTrade was established in 2006, and it is licensed and regulated by the CBI, BVI FSC, ASIC, FSCA, FSA, and ADGM, among other organizations, across the six continents where it conducts business. One of the first online Forex and CFD brokers, they have a solid reputation for helpful customer service, low fees, and wide spreads. They also provide access to various financial instruments, such as exchange-traded funds and foreign exchange options.
Multiple accounts are available to traders, including Retail, Professional, Spread Betting, and Options. See the section on creating an account for further information on the variations. More than 1,250 financial instruments can be traded by retail and professional funds using the AvaTrade proprietary online platform, MetaTrader 4 and MetaTrader 5. We also go through other media that AvaTrade offers, such as DupliTrade, AvaTradeGo, AvaOptions, and AvaSocial.