Use our comparison tables to compare the best Australian FOREX brokers. Choose or switch to a FOREX broker that offers the most markets, best pricing and client security.
FOREX trading carries a high level of risk and can result in losses that exceed your deposits. Featured brokers appear first.
Compare Australia Forex Brokers
|Featured Forex Broker||What Forex pairs can you trade?||How much does Forex trading cost?||CEO Interview||More Info|
|With IG, you can choose to trade more than 80 currency pairs – from majors, such as GBP/USD to exotics such as HUF/EUR. You can trade these forex pairs via CFDs or spread bets.||Get spreads from just 0.6 points on pairs like EUR/USD with the UK’s No.1 FX provider.|| Visit IG |
Your capital is at risk. 76% of retail CFD accounts lose money
|Trade forex on over 300 forex pairs, including EUR/USD, GBP/USD and AUD/USD, plus our customised range of 12 forex indices.||Spreads on EUR/USD, AUD/USD and USD/JPY start from just 0.7 points. CMC USD Index spreads from 0.25.|| Visit CMC |
|Trade 61+ currency pairs with deep liquidity with pricing from multiple sources.||Get some of the lowest forex spreads on the market with raw spreads from 0.0 pips on Razor accounts||Read Tamas Szabo CEO Interview|| Visit Pepperstone |
|Fineco||Trade 50+ Global Forex pairs Forex pairs with Fineco||Fineco Forex spread are as low as, GBP/USD 1, EUR/USD 0.8, EUR/GBP 1|| Visit Fineco |
|Access 182 FX pairs across majors, minors and exotics, plus spot metals, from only 0.4 pips||Ultra-competitive FX spreads and trade major FX pairs from 0.4 pips. Competitive entry prices and even lower rates for active forex traders.||Read Andrew Edwards CEO Interview|| Visit Saxo |
|Trade 48 currency pairs, 24 hours, 5 days a week, micro-lot trading available||Low forex spreads from 0.1 pips on EURUSD, 0.3 pips on GBPUSD and 0.02 on AUDUSD.|| Visit XTB |
|Speculate on over 60 currency pairs with advanced technical analysis tools including Pattern Recognition, ProTrend Lines and advanced indicators plus drawing tools||Low spreads from 0.6 pts on EUR/USD and 0.9 pts on GBP/USD with 24 hour trading on most FX markets|| Visit Spreadex |
|Trade FX CFDs on 60+ Forex Pairs like EUR/USD, GBP/USD and EUR/GBP with up to 1:30 leverage||Variable Forex spreads on currency markets. Plus500 does not charge additional Forex dealing commissions.||Coming Soon|| Visit Plus 500 |
Plus 500 Reviews
|Trade on 84 global FX pairs like EUR/USD, GBP/USD and USD/JPY at City Index with fast execution and tight spreads||Trade forex CFDs, DFT or spread bets with tight spreads from 0.5pts on major FX pairs||Coming Soon|| Visit City Index |
City Index Reviews
|Trade CFDs on 47 of the most popular currency pairs with trades based in USD with eToro Forex||Forex spreads are variable and trading costs are built into the price. Daily finance is charged on overnight positions.|| Visit eToro |
Top Brokers for Trading Forex in Australia
Pepperstone founded in Melbourne, Australia in 2010 is now one of the largest forex, CFD and MT4 brokers in the world.
There are two accounts on offer the standard and the Razor account which has significantly discount spreads and pricing.
Pepperstone offers two trading platforms, MT4 or EDGE FX. Clients can also trade one of the largest selection of cryptocurrencies including Bitcoin, Dash and Ethereum. Pepperstone also accept Neteller and Skrill as deposit methods.
Trade Direct 365
Trade Direct 365 is an Australian CFD Broker offering access to Forex, Index and Commodities markets. Trade Direct 365 offers low CFD commissions (just $5.00 or 0.07% above $7,150 trade value), tight 24hr FIXED spreads – 0.9pts on Australia 200 Index. FX spreads at just 0.8 pips fixed on AUD/USD, EUR/USD & USD/JPY – with no added commission. As well as guaranteed stop loss orders. No fees charged unless the stop is triggered and low margin requirements.
IG was founded founded in 1974 by Stuart Wheeler as IG Index, IG are a publicly listed broker head quartered on Cannon Street in London. As of November 2017 IG was valued at over £2.4bn with an active client base (as of May 2017) of over 185,000. IG has offices in Dusseldorf, Geneva, Madrid, Milan, Paris, Stockholm, Shanghai, Melbourne, Singapore, Tokyo, Chicago, Johannesburg and Dubai.
Spreadex are a nice traditional CFD broker located just outside London and offer Australian FOREX trading. They tend to cater for more professional traders who value customer service above pricing. Read our Spreadex Review…
As well as financial spread betting Spreadex also offer sport spread betting and fixed odds.
Spreadex have been around since the 1990’s and have won a plethora of awards, most recently the Wealth and Financial International, Alternative Investment Awards 2016 (Best Spread Betting Provider – winner) and City of London Wealth Management Awards 2016 (Best Spread Betting Provider – winner).
They offer new clients £500 to switch accounts to drum up new business and offer traditional spread betting as well. You can even set your margin limits to 100% if you want to trade on a non-leveraged basis and just take advantage of the tax breaks.
If you go to ayondo because of the social trading feature you can earn money by getting other traders to follow you or by choosing a winning trader to follow. Obviously picking a winning trader to follow is just as hard as picking a winning stock! Sign up with ayondo here.
Core Spreads are one of the newest Australian FOREX brokers based in the UK. Core Spreads objective is to provide the tightest spreads in the industry but offering an execution only platform (i.e. now news, analysis, or trader tools).
The spreads are some of the tightest in the industry and are available as CFDs or spread bets on their own Core Trader platform or MT4.
Core Spreads also offer new clients a 50% bonus in the form of a spread rebate. This means that you get half your trading costs back for the first month back into your account.
For CFD traders looking to reduce trading costs Core Spreads offer a simple, quick and easy to use trading platform find out more.
One of the fastest growing Australian FOREX brokers is eToro the social trading network, originally called retail FX when it was founded in 2006.
It now has millions of traders ranked in leagues across the world. eToro website claims to have over 4,500,000 registered traders.
Being a social trading network it is possible to earn money by being a leader or by following a profitable trader. Find out more…