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Regulated forex trading in australia

Find Forex Brokers in Australia,Regulations and Licenses

Is Forex Trading Legal in Australia. Yes, Forex Trading is legal in Australia and the country has a population of roughly million potential Forex Traders. Forex brokerage firms who make 28/1/ · One of the most important benefits of regulated Forex trading in Australia is that it is easy to get started. Typically, Australian brokers will provide the software you need to start Traders that participate in Australian trading activity are always covered by the regulation bodies and they are always offered by the best alternatives and benefits for their financial activity. The 10/8/ · The most popular Australian regulated CFD brokers are: IC Markets; Plus ; Tax in Australia for Forex Trading. In Australia, forex trading is a legitimate income source. 34 rows · 5/5/ · Pepperstone is a leading CySEC regulated ECN/STP broker offering trading on over assets, including Forex, indices, shares, commodities, cryptocurrencies, ... read more

This is due to the high leverage, great spreads and great reputation Aussie brokers like IC Markets have generated in the past 5 years. The Australian forex game is regulated by ASIC but these regulations are not oppressive at all.

While many traders in the U. S like to complain about their lack of leverage, traders in Australia can choose from all the way up to with some brokers. Regardless, what I will say is that traders in Australia do get taxed, fairly heavily. The best forex brokers for Australians are those based in the country because of the regulations enforced by ASIC. The regulators have a strong presence within financial markets and provide protection to investors through code of conducts and licensing requirements for financial services providers.

This makes it difficult for unlicensed brokers to operate within the market, which is great news for traders. The only area ASIC really step into the mix is with credit card deposits. Personally, I think this is an amazing idea! I would personally recommend taking a look at IC Markets as they have a flawless reputation worldwide, whilst being AU based. However, there are a huge amount of Australian brokers worth taking a look at…. Although Australia is a big player in the international forex scene, the majority of the trading volume throughout the day is coming from London and New York.

This is great for Australian traders as it not only provides you with more trading opportunities, but it also means that the forex market in Australia is more diverse than other countries. Less experienced traders, however, may baulk at the wider spreads of the Standard account. Founded in , GO Markets is a multi-award-winning global forex and CFD broker with the best commissions of all the brokers we reviewed on this page.

On both accounts, scalping, hedging and automation are all permitted, which is a plus for day traders. GO Markets offers a decent but albeit limited range of both CFD and non-CFD spot products available to trade. You can trade shares, 49 Forex pairs, 16 indices, 5 commodities, 29 futures and 5 bonds as CFDs. The share range stands out in particular, with the ability to trade Australian, US, Hong Kong and European stocks. As an Australian trader, you get the bonus of having access to over ASX shares and ETFs Exchange Traded Funds.

This is a unique offering by GO Markets, not available at many other brokers. GO Markets is a MetaTrader specialist, offering both MT4 and MT5.

Go WebTrader and Go Markets Mobile Trading are simply the MetaTrader MT4 and MT5 web and mobile platforms rebranded. Regardless of the platform you use for MT4 or MT5, Go Markets do not place any restrictions when trading. You can also use all the Expert Advisors EAs you can find in the marketplace or create your own to automate your trading or create your own custom indicators.

In addition to a great range of trading platforms, GO Markets offers useful tools and platform add-ons to improve your trading experience. Of these, Autochartist is a great charting tool for technical analysis. Trading Central, which combines AI technology and expert analysis, helps scan the markets for trading opportunities. Myfxbook is a Forex-specific social trading platform with millions of expert traders to copy from.

Lastly, there is a-Quant, which like Trading Central, uses AI and machine learning to develop algorithms for brokers. The platform also features Daily Strategies, which generates signals per day for 10 popular FX currency pairs that are delivered straight to your inbox. All in all, GO Markets is a multi-award-winning CFD and non-CFD broker, with some of the best commissions out there.

Founded in , this UK-based forex broker nevertheless enjoys a loyal customer base in Australia thanks to its unparalleled product offering, high leverage and high-performance proprietary trading tools. A top-notch CFD broker with a truly impressive forex offering, CMC Markets follows the lead of Plus reviewed above and sticks to a simple pricing structure. The CFD account provides market maker security and charges no commissions, however, variable spreads start at 0.

The pattern recognition scanner automatically reviews over popular instruments at minute intervals and notifies traders of developing chart patterns, while the client sentiment tracker continuously monitors and reports on trends across the CMC Markets trading community. The NGEN platform also allows traders to take advantage of several advanced order types, including market orders, boundary orders, partial closures and guaranteed or trailing stop losses.

Algorithmic traders take note, however: NGEN does not support automations or backtesting. Proponents of EAs will need to trade via MetaTrader 4. Global online brokerage juggernaut IG has had over 30 years to refine each and every aspect of its offering, from trading tools to asset classes to educational tools to infrastructure.

The broker is particularly well known for its. When it comes to account types, it can feel a bit like IG goes from zero to sixty without much in the middle. Traders can choose from a CFD account with a dealing desk model or upgrade — significantly — to a DMA account with no dealing desk and direct market access.

Just note that to use the DMA account only Forex and Shares are available and you need to be using the iOS IG trading platform or L2 dealer. Fortunately, IG also supports account funding via bank transfer and BPay for Australian customers.

On a more positive note, IG supports account types in ten base currencies, including: Australian Dollar AUD ; US Dollar USD ; Japanese Yen JPY ; Pound Sterling GBP ; Euros EUR ; Canadian Dollar CAD ; Swiss Franc CHF ; New Zealand Dollar NZD ; Singapore Dollar SGD ; and Hong Kong Dollar HKD.

Australian account holders do have the option to trade via MetaTrader 4, but without many of the integrations and add-ons provided by other brokers. Automated traders might still prefer MT4 for access to the platforms Expert Advisors EAs , however.

Of particular note to newer and more cautious traders, IG offers both stop-loss and trailing stop-order types to Australian account holders. Direct Markets Access DMA — also known as Level 2 trading — allows users to trade forex or shares directly through exchange order books. This is an excellent option for professional traders looking for the most favourable execution environment.

IC account holders trading via the desktop app or iOS mobile app can trade shares via DMA, however those focused on forex will need to download the L2 Dealer specialist platform. Finally, for traders seeking a web platform with extensive charting options, IG also offers ProRealTime.

With over indicators, ProRealTime has all the charts a beginner or experienced trader needs, with the added bonus of automations if desired. As befits an internationally-known and recognised retail brokerage, IG boasts a truly comprehensive range of financial products suitable for forex trading, CFD trading and almost every other type of trading.

Starting with forex, IG offers over pairs at the maximum allowable leverage: for major pairs and for minor pairs. Professional investors have the option to push further, trading major or minor pairs at margins of and IG also offers an impressive selection of stocks and options: over 13, types of each. Its commodities selection tops , with 35 hard, soft and energy-related commodities available. To commit to IG is to commit to its platform, so those hoping to develop MetaTrader-specific strategies or styles may need to take a closer look before opening an account.

For those unafraid to sign on with the brokers — admittedly, award-winning — in-house platform, an impressive array of assets awaits. Pepperstone is the best MT4 broker with award-winning customer service, low brokerage and fast execution speeds.

The most popular CFD trading platform in Australia is MetaTrader 5 MT5 with advanced automation tools. IC Markets is the best MT5 broker with competitive spreads, advanced software and a wide range of tradeable instruments.

Our ASIC regulated forex broker page helps find the best broker for each category. You can also view our list of beginner forex trading platforms. While MetaTrader 4 enjoys a high degree of adoption around the world, for example, it may not fully meet the needs of a forex trader who also wants to dive deep into stocks. Likewise, AvaTrade earns high marks from us as a retail brokerage, technical traders accustomed to advanced charting, custom-coded automations and other advanced tools may find its limited platform offerings unsuitable.

To answer the question of which trading platform is best for you, an Australian forex trader, we suggest asking the following questions:. When choosing an ASIC-regulated forex broker, we recommend going beyond trading costs — though those are important — to consider whether a given broker offers the tools you need to pursue your preferred trading strategy. Newer brokers should also take into account whether a broker will grow along with them as they develop new skills and become more comfortable with trading.

What happens, for example, once a trader no longer needs the support of a market making Standard account and instead wants to focus on tight spreads and execution speeds? Finally, be aware that signing up with a particular broker for the sake of its proprietary platforms — no matter how highly reviewed — may pose challenges if you ever decide to switch brokers.

Focusing on brokers partnered with MetaTrader or cTrader, on the other hand, may provide greater flexibility. First and foremost, Australian forex brokers are required by law to trade using an ASIC-regulated broker. While your broker may also hold other licences from additional regulators, Australians will need to ensure that their broker of choice is regulated by ASIC. Beyond legal requirements, however, trading via an ASIC-regulated broker also provides attractive benefits and protections, such as:.

One thing to keep in mind is that this page assumes you are not just an Australian citizen but also permanently residing in Australia.

Many forex brokers are regulated in multiple jurisdictions however this does not mean you receive regulatory protection in all of them. So if you are a resident in the UK, you may be better to sign with Pepperstones UK branch. This means the broker must comply with the guidelines set by the FCA, not ASIC.

Any regulatory protection you receive with being driven by the FCA, the fact the broker is also as a subsidiary in Australia with ASIC protection is irrelevant as far as regulatory protection for you is concerned. For example, Pepperstone holds offshore licenses from the Securities Commission of the Bahamas SCB , XM and HFMarkets hold a licence with the Financial Services Commission FSC of Mauritius.

IC Markets and ThinkMarkets not reviewed in this article , likewise holds licenses from ASIC and the Financial Services Authority FSA of Seychelles. In the absence of an ASIC-regulated broker subsidiary in your country of residence, a broker with an offshore license may be the best solution. It has not yet obtained a license from ASIC, which makes it an offshore broker for Australians — and off limits.

Each broker has specific strengths with the overall best Australian forex broker being Pepperstone. Australian traders should only consider regulated brokers to avoid scams that are normally associated with unregulated brokers. Two years ago, ASIC announced forex trading changes , including reduced leverage last year.

You can view the ASIC connect register or below shows a comprehensive list of regulated forex brokers in Australia. There are further ASIC-regulated comparison pages including an Australian high-leverage forex broker and the best copy trading platform Australia page.

We also focused on other providers such as GO Markets, Fusion Markets and Vantage FX for those looking for more than just currency trading. Most of these forex trading platforms are nationally regulated as the authors rated higher brokers that offered Australians a higher level of security. Trading forex and CFDs, whether with your own funding or on margin, is an inherently high-risk activity that may lead to significant losses.

Always consider your exposure and take full advantage of the risk management and educational tools provided by your brokerage to ensure that your positions align with your goals and overall risk appetite. As forex trading and other retail investment activities continue to increase in popularity, it becomes ever more important to work with financial institutions you can trust. Remember: only institutions holding an Australian Financial Services License AFSL are qualified to offer investment advice, such as what trading strategy to use or which assets or trading products to purchase.

We strongly advise that you develop your trading strategy independently or under the guidance of an AFSL-approved broker only. You can view more about forex trading and risks on the MoneySmart forex trading guide. Forex trading is very legal in Australia. The most important thing is to choose a broker that i regulated by the Australia Securities and Investment Commission, also known as ASIC.

Using an ASIC regulated broker means the broker complies with the requirements of companies in Australia that manage financial services. Good brokers ASIC regulated brokers include Pepperstone, IC Markets, FP Markets, Markets. com, IG Markets, Eightcap, BlueBerry Markets,. It is best to demo the platform you plan to use when trading. There are and cons of both trading platforms but generally, MetaTrader 5 has all the features MT4 has and more.

The main reason to choose MT4 is if you have a low powered computer since MT5 uses higher processing power, you want access to the largest possible range of expert advisors since MT4 has a larger marketplace, a larger trading community since more people use MT4 and if you plan to use Myfxbook or Duplitrade which integrates with MT4 but not MT5.

If you plan to trade stocks then you must use MT5 since MT4 is not built for this. Why is this and how do I get more? Brokers in Australia must be licenced and regulated by the Australia Securities Investment Commission ASIC , as a condition of their licence they cannot offer leverage higher than for major forex pairs and for minor forex pairs.

If you want higher leverage, some brokers do offer up provided you meet the qualification criteria as a professional trader. To do this you must pass the brokers Sophisticated Investor Test or Wealth test. I would like to know about decfx, I know they are an Australian broker but I want to know how good they are. Your broker will arrange for your funds to be kept in a segregated bank account. This allows you to access the funds for trading quickly and easily without the broker ever being able to access these funds.

Since the funds are kept in a bank account, your funds will earn your interest how much this is will depend on the type of account and interest the bank is offering. When trading you can also earn interests through swaps or overnight fees. If you have an open position and hold this over closing hours new york time in the case of forex then you will either pay or earn swaps fees.

You can also earn through commissions if you are trading shares. This will depend on the broker, some brokers may accept an ASIC regulated broker but our recommendation is to choose an FMA regulated broker.

This ensures the broker complies the financial requirements of the FMA, is legally able to operate trading services to New Zeland traders and you have an avenue to resolve any disputes or grievances should they occur.

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MetaTrader 4 Brokers MetaTrader 5 Brokers Spread Betting Platforms UK CFD Trading Platforms Automated Trading Software Scalping Trading Software Beginner Forex Trading Platforms Micro Currency Platforms. Pepperstone Review IC Markets Review FP Markets Review CMC Markets Plus Review eToro Review IG Review FXCM Review. Home » Best Forex Broker Australia. Best Forex Brokers In Australia To help choose an Australian forex broker we compared the best 39 ASIC regulated forex brokers in Australia.

Written by Justin Grossbard Written by Justin Grossbard Co Founder. Edited by Justin Hertzberg Edited by Justin Hertzberg Forest Park FX President. Reviewed by Robert Payne Reviewed by Robert Payne Compliance Advisor. Fact Checked We double-check broker fee details each month which is made possible through partner paid advertising.

Learn more this here. Best Australian Forex Brokers Our ASIC regulated best forex trading platform Australia list is: Pepperstone - Best forex broker in Australia FP Markets - Low spread ASIC regulated forex broker eToro - Top Australian CFD Social Trading Platform Avatrade - Best fixed spread forex broker Plus - Has A Solid Mobile Trading Platform IC Markets - Best forex broker with MT5 for scalping CMC Markets - Is Top For Risk Management FXCM - Has A Wide Range Of Trading Platforms Go Markets - Best For Low Commissions IG - Has The Best Range Of Markets.

Visit Site. Exness 2. Avatrade 3. HFM 4. Forextime 6. CM Trading 7. Go Markets 8. Alpari Easy Markets. OctaFX 2.

Bdswiss 3. Axiory 4. Pepperstone 5. Plus 6. Exness 8. Go Markets 9. com Oanda 2. com 4. TD Ameritrade 5. ATC Brokers 6. Nadex 7. com 8. ACY 9. NinjaTrader Best CFD Trading Strategies What is CFD Trading?

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How to Invest Money How to Invest in ETFs How to Invest in Index Funds How to start Forex Trading How to Pick Shares How to Report a Forex Broker How to be Consistent in Forex. Foreign exchange trading is a thriving industry in Australia. The sector is well-regulated by local authorities, ensuring high levels of safety and customer protection.

Australian investors have a choice from a large variety of instruments to trade, including foreign exchange, commodities, and leveraged derivatives. Forex brokers who wish to offer their services to local traders must operate with in strict compliance of various regulatory policies which aims to protect customers and minimize the chance of possible scams and fraudulent activities.

All brokers must hold valid licenses from the Australian regulator, ASIC before they can offer their services to Australian customers. Licensed brokerage firms must also set up a representative office in the Australia. This will not only increase accountability but also instil higher trader confidence.

All licensed Forex Brokers will be required to undergo regular audits. Forex Brokers who offer their services to Australian customers will be subjected to the rigorous oversight of the Australian Securities and Investments Commission ASIC. ASIC operates under the provisions of the Australian Securities and Investments Commission Act of ASIC governs the sectors of financial services, including derivatives, securities, and insurance.

ASIC offers an online register find all brokerage firms which fall under its oversight. ASIC also deals with the resolution of disputes between customers and brokers. Australian Traders who wish to open a live account will need to meet minimum capital requirements. Available payment methods include credit or debit cards by Visa or Mastercard. Many Australian traders also make use of cards by UnionPay. Another viable payment option is e-wallets like Neteller or Skrill.

Forex Trading Tax in Australia will apply to a person who is not a resident of the country but does have an income source in Australia. Therefore, an investor who trades on the foreign exchange market through the use of an Australian broker , will have to pay tax on the profits made. However, all taxes will be applicable if a forex trader is profitable within the income tax assessment year. Capital Gains Tax was introduced in Australia in and applies to any asset acquired since this time unless explicitly exempted.

According to the Australian Tax Office , a capital gain or capital loss on an asset refers to the difference between what the asset cost to acquire and what is received when the asset is disposed of. If an asset is held for at least a full one-year period, any gain is first discounted by 50 per cent for individual taxpayers or by The financial year for tax purposes , will start on the 1st July and end on 30th of June In a number of adjustments were announced to the personal tax rates in Australia which took effect in the tax years from 1 July through to 1 July Regulated Forex Brokers who accept Australian Traders.

IG Group was founded in and is regulated by the Financial Conduct Authority FCA in the U. and the Australian Securities and Investment Commission ASIC in Australia. The country of a traders residency will determine which account type they can open.

In most countries, they will only be able to trade forex, CFDs and options. Saxo is a globally regulated, multi-asset class broker which offers traders the option to trade on more than 40, instruments covering Forex, CFDs, Stocks, Options, ETFs, Commodities, Futures, Bonds and Mutual Funds from a single account across multiple platforms including their own — SaxoTraderGO and professional-grade SaxoTraderPRO.

The Saxo Group is regulated in 15 jurisdictions including authorisation from the UK Financial Conduct Authority FCA , the Australian Securities and Investments Commission ASIC , the Financial Services Agency of Japan FSA and many more. Customer support is available in nearly 30 different languages via phone, email and an FAQ section. City Index is a world leader in spread betting , FX and CFD Trading , regulated by the Financial Conduct Authority FCA. City Index offers over 12, different instruments to trade, including over 84 currency pairs on the ever-popular MetaTrader4 trading platform.

eToro is an online broker which was founded in and offers CFDs and Social Trading , with a head office based in Cyprus, UK. eToro is supervised by the Financial Conduct Authority FCA , Cyprus Securities and Exchange Commission CySEC regulatory bodies and has been in operation for over 14 years. eToro also offers traders mobile apps for Android and iOS, making it easier to keep an eye on and execute trades. eToro supports a wide range of languages including English, German, Spanish, French, and Italian.

FP Markets is a global, online broker regulated by the Australian ASIC and the Cypriot CySEC which was founded in and offer Forex trading and has a head office situated in Australia. Over instruments and over 60 currency pairs in total is on offer, on the popular MT4 forex trading platform. FP Markets also offers traders mobile apps for Android and iOS. All accounts support a wide range of languages including English, Spanish, Portuguese, Romanian, Bulgarian, Arabic, Russian, French, Italian, Greek, Philippines, Latvian, Polish, Indonesian, Thai, Malay, German, Vietnamese.

XM Group XM is a group of regulated online brokers regulated by the Cyprus Securities and Exchange Commission. XM offers traders more than financial instruments to trade on both the MT4 and MT5 platforms , including Forex Trading, Stocks CFDs, Commodities CFDs, Equity Indices CFDs, Precious Metals CFDs and Energies CFDs.

Forex trading is available on over 55 pairs, including the major USD, GBP, EUR and JPY pairs. Traders must take note that XM does not offer binary options or futures.

Trading platforms on offer include MetaTrader 4 , MetaTrader 5 and cTrader. All three FX trading platforms come with a free demo account which will allow traders to test out the forex broker and platform for 30 days. Forex Capital Markets Limited or FXCM is a Spread Betting, CFD and Forex trading broker , authorised and regulated by the UK Financial Conduct Authority under the Forex Capital Markets Limited and is part of the Leucadia Company, which offers users the ability to trade on Forex, Forex Baskets, Indices, Commodities and Crypto on its own proprietary Trading Station platform for Desktop, Web and Mobile, as well as on MetaTrader 4 , NinaTrader and ZuluTrade.

FXCM offers traders 4 main types of trading accounts to choose from, including Spread Betting, CFD Trading, Active Trader and Professional Clients. A Free Demo account is also made available. AvaTrade is an online broker which was founded in and offers Forex, CFDs, Spread Betting and Social Trading and is a global broker with their head office situated in The British Virgin Islands.

AvaTrade is regulated in Europe, the British Virgin Islands, Australia, Japan, and South Africa by ASIC, CySEC and FCA.

To help choose an Australian forex broker we compared the best 39 ASIC regulated forex brokers in Australia. Brokers were compared based on November spreads, trading platform features and the overall trading experience. With over 20 years of investing experience and 10 years of trading, Justin co-founded Compare Forex Brokers in He has worked within the foreign exchange trading industry for several years and for several of the largest banks globally.

Justin achieved Honours in Commerce and has a Master's degree from Monash University. He also owns Innovate Online offering digital marketing services with over 20 employees. He has an MBA in finance from the University of Miami Herbert Business School. Robert Payne is an expert in regulatory compliance and holds an AFSL licence. He has an Exec MBA at Harvard Business School and Ph. D at La Trobe University.

Fact Checked. Our forex comparisons and broker reviews are reader supported and we may receive payment when you click on a link to a partner site. Founded in , Melbourne-based Pepperstone boasts daily trading volumes of more than USD 9. Pepperstone Review Visit Pepperstone. Australian traders considering Pepperstone should start by identifying a preferred trading style and the necessary tools and trading platform.

While this may seem counter-intuitive, this approach ensures that traders select an account on the basis of their intended use, rather than trading costs alone. When choosing an account, you can choose either the Pepperstone Standard vs Razor account. Based on our research, summarized in the table below, Pepperstone is consistently among the best in the industry for industry with the Standard account when it comes to tight spreads. spreads are taken from each broker's website and updated monthly.

While the Pepperstone Razor Account for Metatrader and Capitalise. This account uses straight-through processing STP execution with no dealing desk which you get the best available quotes directly from the pool of over 20 financial liquidity providers that Pepperstone connects you with.

STP execution is sometimes incorrectly called Electonic Communication Network ECN. Regardless of the accuracy of the execution type terminology, the Pepperstone brokerage is one of the lowest of the ASIC-regulated brokers for this type of account and this is demonstrated with our forex brokerage calculator.

Not only are Pepperstone spreads already very tight, but discounts on their commissions are also available with their Active Trader program. Perfect for high-volume traders, if you trade at least standard lots each month or average lots over 3 months , you can apply for an Active Trader account and earn cash rebates thereby reducing your commission costs.

For those curious about trading with Pepperstone but not yet ready to sign up for an account, the broker offers demo accounts. Novice traders can trial the broker and its features, while more experienced market enthusiasts can ensure that the Pepperstone trading experience meets expectations. Ready to take the plunge? Pepperstone makes the process of opening a live trading account simple and straightforward. Need to step away from trading to focus on other things?

In order to begin trading, however, traders will need to fund their accounts with cash to purchase their desired assets.

Pepperstone makes this process as convenient as possible by allowing deposits from a wide range of funding sources. In addition to bank transfers, debit and credit cards, traders can also use fintech services such as POLi, BPAY, PayPal, NETELLER and Skrill.

Pepperstone accepts funds from Chinese financial services firm Unionpay. Pepperstone executing speeds for your trades have among the lowest latency of all forex brokers in Australia. Based on tests using MetaTrader 4 demo accounts, we placed 25 trades across a number of brokers to how the brokers compare. Our tests done at the start of found that Pepperstone is one of the best choices for fast execution with speeds averaging 85ms. Pepperstone achieves these speeds through the use of optic fibre from Sydney all the way to the Equinix NY4 data centres just 18 KM from Wall Street, New York where the majority of liquidity providers host their servers.

Pepperstone offers the popular MetaTrader trading platforms for Windows and MacOS for desktop, iOS and Android for mobile and tablets, as well as through the MT4 and MT5 web app, WebTrader. Same for Capitalise.

ai minus MacOS. TradingView is available via web browser and windows desktop. In addition to MetaTrader 4 and MetaTrader 5, Razor account holders can trade using cTrader. This platform is popular for depth of markets DoM trading, more comprehensive charting features and reportedly speedier execution. Pepperstone offers access to TradingView, as well as Autochartist for those who need advanced charting tools. DupliTrade affords copy traders access to a marketplace of MT4-compatible signals.

Finally, VPS hosting, API trading and Multi-Account Management tools streamline execution and processing for advanced and professional traders. From securities to indices to exchange-traded funds ETFs and other derivatives, this Australian broker has something for every trader. When it comes to forex, in particular, Pepperstone has a comprehensive offering: over 60 pairs, including majors, minors and some exotics. The broker also offers Australian traders the maximum allowable leverage under ASIC regulations: for major pairs and for minor pairs.

Pepperstone is a relatively new Australian forex broker compared to some global players but has quickly gained a dominant market share in Australia and around the world. The online broker has a strong customer service team in Australia with representatives who trade themselves, making them an excellent choice for intermediate to expert traders. Traders can speak with an overseas customer support team during off-peak periods such as Friday night.

The main forms of customer support include:. Pepperstone uses the Zendesk live chat interface to communicate with customers. This is available during the same hours as the call centre team. Overall, live chat was the fastest way to get the answer and assistance we needed when making this forex broker review. The 24 hours Pepperstone group limited phone number for Australian traders is This is available 24 hours during working days Monday to Friday. The customer service team are in Melbourne based during working hours and is taken over by the Shanghai or Dallas office outside these hours.

Each Pepperstone call-centre location also has an email contact. Pepperstone Group Limited is regulated by the Australian Securities and Investments Commission ASIC with an AFSL number With an extensive range of assets available to trade, a comprehensive collection of trading platforms tools suitable for traders of all experience levels and straightforward pricing with no hidden fees or overheads, Pepperstone takes the top spot amongst Australian forex brokers.

Ultra-tight spreads and overall low trading costs make this Australian broker a logical choice for traders looking for a no-frills, streamlined trading experience without some of the bells and whistles.

Prospective customers can test out the FP Markets trading experience by opening a free demo account. Converting to a live account is a straightforward exercise — simply deposit AUD and begin trading. Where FP Markets distinguish itself from other top ASIC-regulated brokers? Trading platforms. Simply put, no other top brokerage provides Australian traders with quite the same range of tools. Share traders located in Australia looking for an alternative to MT5 have access to the IRESS suite of trading platforms, including IRESS Trader and IRESS Mobile.

The platform gives users access to over 10, stocks — a larger range than available with MetaTrader 5. It also offers Direct Market Access DMA execution which means you can see the orders in the exchange itself. FP Markets account holders anywhere in the world have the option to trade using the MetaTrader 4 or MetaTrader 5 platforms with integrations like Advanced Trade Assistant and AutoChartist. FP Markets also offers Myfxbook integrations for MetaTrader for traders using a social or copy trading strategy.

And all account holders enjoy access to value-add services designed to maximize the FP Markets trading experience, such as a multi-account manager, VPS hosting and API trading. Other financial products available for trade include 19 global indices and shares.

FP Markets selection of commodities is somewhat limited, however, — just five, total — as is the number of cryptos available. Australian traders also have the option to trade in CFDs and other derivatives with FP Markets.

FP Markets earns a top spot in our reviews owing to its dedication to Australian account holders, in particular. While it may not have the flash of some of the larger, more globally-oriented retail brokerages available in Australia, FP Markets stands out for honing in on Australian traders and their needs, as well as its impressive forex offering.

Founded in and based in Sydney, Australian retail brokerage IC Markets has grown to become one of the top forex brokers in the world, with clients located around the globe. This broker sources its liquidity from over 25 providers around the world, which translates into low trading costs and excellent rates. Similar to Pepperstone reviewed above , IC Markets connects trading platforms and account types, which means traders should consider their preferred strategies, tools and styles before committing to either a Raw Spread or Standard Account.

Because IC Markets has access to such a sizable pool of liquidity providers, the broker offers some of the best spreads in the industry with their Raw Spread account.

Average spreads for the Raw Spread account are below the 0. Compared to other no-dealing desk brokers like Pepperstone, FP Markets and ThinkMarkets, this is a remarkably tight spread.

IC Markets clients can choose from between MetaTrader 4, MetaTrader 5 and cTrader for trade execution, though the broker does sweeten the deal with an impressive range of integrations and add-ons that make even algorithmic trading and scalping accessible. Along with the Advanced Trading tools suite of solutions, which includes expert advisors EAs , MetaTrader users have access to more advanced charting via AutoChartist, as well as Advanced Trading Tools for MetaTrader 4.

IC Markets account holders using a social trading strategy have access to the MetaTrader Signals app, together with MyFXBook integrations for MetaTrader 4 and 5. For those not trading on MetaTrader, IC Markets provides a stand-alone solution in the form of ZuluTrade, which operates as a separate trading platform or an integration. ZuluTrade allows traders to mimic the trades of successful retail investors in its community of over two million users.

Traders can also upgrade their IC Markets trading experience with add-on services like VPS hosting, API trading and multi-account management. In keeping with its status as a top forex broker in Australia, IC Markets offers an excellent selection of trading products and financial instruments.

IC Markets offers Australian forex traders over 60 pairs, including all the major, minor and exotic currencies. This broker also has an impressive collection of commodities, including four metals, five energies and 17 soft commodities. All of the asset classes available to IC Markets customers can be purchased and traded directly, or as CFDs. One offering unique to IC Markets among brokers in Australia? Only IC Markets allows clients to trade in futures, including ICE Dollar Index Futures, CBOE VIX Index Futures, Brent Crude Oil Futures and WTI Crude Oil Futures.

Straightforward pricing, global name recognition and fast execution speeds combine to make IC Markets an excellent choice for scalpers and technical traders.

Is Forex Trading Taxable in Australia,Our Recommended Forex Brokers

10/8/ · The most popular Australian regulated CFD brokers are: IC Markets; Plus ; Tax in Australia for Forex Trading. In Australia, forex trading is a legitimate income source. Forex Capital Markets Limited or FXCM is a Spread Betting, CFD and Forex trading broker, authorised and regulated by the UK Financial Conduct Authority under the Forex Capital 34 rows · 5/5/ · Pepperstone is a leading CySEC regulated ECN/STP broker offering trading on over assets, including Forex, indices, shares, commodities, cryptocurrencies, 28/1/ · One of the most important benefits of regulated Forex trading in Australia is that it is easy to get started. Typically, Australian brokers will provide the software you need to start Forex Trading is fully legal in Australia, while it sharply regulates and oversees Trading and Forex activities along with operations through the independent authorizing body ASIC. ASIC Traders that participate in Australian trading activity are always covered by the regulation bodies and they are always offered by the best alternatives and benefits for their financial activity. The ... read more

Forex No Deposit Bonuses. How to Invest Money How to Invest in ETFs How to Invest in Index Funds How to start Forex Trading How to Pick Shares How to Report a Forex Broker How to be Consistent in Forex. There is no set age for Australian investors to trade in Forex. Brokers by Account Type. K actually use Australian based brokers. cookielawinfo-checkbox-necessary 11 months This cookie is set by GDPR Cookie Consent plugin. When it comes to forex spreads, Admiral Markets offers some lowest in the industry.

For those not trading on MetaTrader, IC Markets provides a stand-alone solution in the form of ZuluTrade, which operates as a separate trading platform or an integration. Oanda 2. Indices Stocks ETFs Commodities Cryptocurrencies Menu. Discover Forex brokers Australia now and do not forget to share your opinion about them with us! Forex Brokers Accepting Mobile Money Forex Brokers Accepting PayPal Forex Brokers Accepting Credit Cards Forex Brokers Accepting Cheques Forex Brokers Accepting Bitcoin. Scam Regulated forex trading in australia Brokers Unregulated Forex Brokers.