Best Forex Trading Platforms in Australia 2025
Top 10 Australian Forex Brokers
- Click Here – Best for Automated Trading
- Eightcap – Low Raw Spreads Broker
- IC Markets – Lowest No-Commission Spreads
- Fusion Markets – Lowest Commissions
- eToro – Best Copy Trading Platform
- IG Markets – Largest Retail Broker in Australia
- CMC Markets – Best for Share and Forex Trading
- FP Markets – Top MetaTrader 4 Broker
- Plus500 – Best Mobile Trading App
- OANDA – Most Beginner-Friendly Trading Platform
The Best ASIC-Regulated Brokers in Detail
The Australian forex market offers countless opportunities. With ASIC-regulated brokers, you’re guaranteed transparency and security. Whether you prioritize low spreads, advanced platforms, or copy trading, there’s an option tailored to your needs.
OPEN FOREX ACCOUNT WITH BEST BROKER HERE: Leading in automated trading with exceptional execution speeds, Pepperstone is a favorite among scalpers and algo traders.
- Pros: Ultra-fast order execution, ECN-like trading, excellent automation tools.
- Cons: No proprietary platform, less competitive standard account pricing.
Eightcap: This broker offers raw spreads that outperform the industry by 50%, perfect for cost-conscious traders.
- Pros: Tight spreads, robust MetaTrader platforms, diverse CFD offerings.
- Cons: Limited educational resources, no proprietary platform.
IC Markets: Known for its commission-free trading options with spreads 50% below the market average.
- Pros: Low fees, unlimited demo accounts.
- Cons: No proprietary app, limited educational resources.
Fusion Markets: Ideal for traders focused on minimizing costs, with commissions 26-35% below competitors.
eToro: A trailblazer in social and copy trading, with features that connect traders globally.
- Pros: Unique CopyTrader and CopyPortfolio tools, strong incentives for top traders.
- Cons: Higher spreads, limited customer support.
IG Markets: With decades of experience, IG offers extensive market access and powerful trading tools.
- Pros: Comprehensive CFD range, advanced market analysis tools.
- Cons: Limited crypto CFDs, inactivity fees.
CMC Markets: This broker’s diverse offerings include over 35,000 shares and 330+ forex pairs.
- Pros: Robust platforms, share trading focus.
- Cons: Wider spreads, inactivity fees.
FP Markets: A MetaTrader 4 specialist with advanced features for experienced traders.
- Pros: Highly customizable MT4 platform, one-click trading.
- Cons: Limited asset diversity, steep learning curve for beginners.
Plus500: Designed for seamless mobile trading with a sleek app perfect for beginners.
- Pros: Intuitive app, no withdrawal fees.
- Cons: Lacks advanced features for seasoned traders.
OANDA: The go-to platform for beginners, offering exceptional educational resources.
- Pros: Simple interface, versatile platforms.
- Cons: Limited CFDs, no swap-free accounts.
Why ASIC Regulation Matters
The Australian Securities and Investments Commission (ASIC) ensures transparency, fairness, and safety in trading. ASIC-regulated brokers are held to strict standards, protecting both professional traders and retail investors from risks like scams and market manipulation.
Start Trading Today
To begin forex trading in Australia:
- Choose an ASIC-regulated broker.
- Register, verify your ID, and deposit funds.
- Practise with a demo account before trading live.
Remember, trading CFDs and forex carries risk due to market volatility. Use reputable brokers, implement strong risk management, and read all disclaimers.
Disclaimer: This content may include affiliate links, and PropCompanies.com partners may receive compensation. Please consider your financial situation and consult professional advice where necessary.
Exploring the Best in Forex Trading Platforms
IG Markets offers a comprehensive platform for traders, whether you’re drawn to traditional markets like forex and commodities or newer options such as cryptocurrencies and thematic stocks. Their suite of tools caters to a broad spectrum of trading needs.
IG Markets Overview
Trading Platforms and Technical Analysis Tools
IG’s proprietary core platform is user-friendly, feature-packed, and ideal for traders seeking an intuitive experience. For those who prefer familiar tools, IG also provides access to MetaTrader 4. Both platforms include a wide array of free tools to enhance trading efficiency:
- Reuters News: Real-time market analysis and insights.
- Autochartist and Trading Central: Automated market scans and trade opportunity identification.
- Advanced Charting Tools: Extensive indicators, drawing tools, and customizable charts for detailed analysis.
Cons of IG Markets:
- Limited cryptocurrency CFD offerings.
- Inactivity fees for dormant accounts.
Final Take:
With a robust lineup of trading tools and diverse asset classes, IG Markets is an excellent choice for traders looking to diversify portfolios and access advanced market analysis.
CMC Markets: Best for Share and Forex Trading
With a vast offering of over 10,000 CFD products, including shares, forex pairs, and cryptocurrencies, CMC Markets stands out for traders seeking variety.
Key Features:
- Access to 35,000 physical shares and 10,000 share CFDs.
- Over 330 forex pairs, including both major and exotic options.
- Versatile platforms for both forex and share trading.
Advantages:
CMC’s Next Generation platform impressed us with its transparency, offering clear commission rates as low as 0.04%. Their extensive share trading platform allows for real share trading, separate from CFDs.
Drawbacks:
- Wider spreads compared to competitors like Eightcap.
- Inactivity fees for non-active accounts.
Verdict:
CMC Markets excels in variety and accessibility, making it a top choice for diversifying portfolios.
FP Markets: Best MetaTrader 4 Broker
FP Markets has become a preferred broker for those looking to leverage MetaTrader 4’s advanced capabilities. Their ASIC-regulated status further cements trust and reliability.
Standout Features:
- Advanced MT4 tools, including customizable charts and Expert Advisors (EAs).
- One-click trading and precise custom alerts.
- Access to the MQL4 community for additional scripts and indicators.
Limitations:
- Limited asset options on MetaTrader 4.
- May be overwhelming for beginners due to its advanced features.
Conclusion:
FP Markets offers a highly tailored experience for advanced traders who value sophisticated tools and customizability.
Plus500: Best Mobile Trading App
Known for its intuitive mobile experience, Plus500 is ideal for beginners entering the trading world.
Why Traders Love Plus500:
- Sleek, user-friendly app compatible with iOS and Android.
- Real-time stock and forex quotes for sharp analysis.
- Multiple deposit options with no additional fees.
Considerations:
- Lacks instant customer support and advanced tools for seasoned traders.
Bottom Line:
Plus500 delivers a seamless mobile trading experience, perfect for beginners seeking efficiency and simplicity.
OANDA: Best for Beginners
If you’re just starting out, OANDA is an excellent broker with beginner-friendly platforms and extensive educational resources.
Key Benefits:
- Simple, intuitive platforms like OANDA Trade, MetaTrader 4, and TradingView.
- Comprehensive educational tools, including live webinars and in-depth articles.
Shortcomings:
- Does not offer share CFDs.
- No swap-free accounts for Islamic traders.
Final Word:
OANDA stands out for its accessible and engaging educational tools, making it a great fit for those new to forex trading.
Understanding the Forex Landscape
What is CFD Trading?
CFD trading allows speculation on market movements without owning the underlying assets. This method applies to forex, commodities, and indices.
How Big is the Forex Market?
Valued at approximately $1.93 quadrillion, the forex market handles daily trading volumes of $7.5 trillion, making it 30 times larger than the combined U.S. stock and bond markets.
Who Regulates Australian Brokers?
The Australian Securities and Investments Commission (ASIC) oversees the financial sector, ensuring transparency and protecting traders from fraudulent activities. Other regulators include the FCA (UK), CySEC (Europe), and CIRO (Canada).
Tips for Starting Forex Trading
- Select an ASIC-regulated broker suited to your needs.
- Register, verify your ID, and fund your account.
- Practise on a demo account before trading live.
Reminder: Trading carries risks due to market volatility. Always use reputable brokers, understand disclaimers, and adopt strong risk management practices.
Disclaimer: This content may contain affiliate links. Please assess your circumstances and seek professional advice where necessary. Verify broker regulations and protections before making financial decisions.