10 Best Australian Forex Brokers in 2025 ➪ Ready Mate? 🦘

When it comes to forex trading, choosing the right broker and forex trading platform can make all the difference. As an Australian trader, you want a broker that is regulated locally and offers tight spreads, fast execution, and advanced trading platforms. Our team has researched over 40 Australia-based brokers to come up with this definitive list of the best 10.

Whether you're a beginner seeking education and support, or a skilled trader looking for advanced features – you'll find the perfect broker here. My rankings factor in fees, platforms, trading tools, research, ease of use, and more.

Read on to discover which brokers made the cut for the Best 10 Australian Forex Brokers, as well as an overview of their key features.

How Did We Choose the Best Australian trading Brokers?

Selecting the best Australian forex brokers in Australia requires in-depth research and analysis. We examined Over 40 Australian Forex Brokers licensed to operate in Australia to provide traders with the definitive best 10. Our methodology focuses on key aspects you need: regulation by ASIC (ensuring trading is legal in Australia), fees and commissions, trading account options, best forex trading platform, advanced trading tools, research resources, customer support, and reputation.

We dig into the specifics around spreads, execution speeds, platform capabilities, (including advanced trading tools such as algorithmic trading APIs and social copy-trading integrations), educational resources, response times, and more. Hours of testing and real trader reviews inform our rankings.

This list represents the best overall choices to meet any trader’s needs, whether you’re new to forex or an advanced practitioner. By prioritizing ASIC oversight and advanced trading tools, we ensure you’re partnering with brokers that align with Australia’s rigorous financial framework.

🦘 List of the 10 Best Australian Forex Brokers

Broker	Main Features
IG	Largest retail Australian forex brokers; Tight spreads; Advanced trading platforms.
Saxo Bank	Highly regulated; Excellent trading platforms and tools; Wide range of tradable instruments.
CMC Markets	300+ currency pairs; Pattern recognition scanner; No commissions.
City Index	Competitive pricing; MT4 and web trader platforms; Quality research tools.
eToro	Leading social trading platform; Copy trading available; Supports crypto trading.
AvaTrade	Beginner-friendly; Copy trading available; Fixed and floating spreads.
Blueberry Markets	Fast execution; MT4 and MT5 platforms; Raw ECN spreads.
XM	Ultra-low spreads; Free VPS hosting for clients; MT4 and MT5 platforms.
Eightcap	ECN broker; Spreads from 0 pips; Fast execution speeds.
Markets.com	User-friendly web trader platform; ASIC regulated; 300+ instruments.

1. IG

IG is one of the world’s leading online trading platforms, offering retail traders access to over 17,000 financial markets, including forex, shares, indices, commodities, and cryptocurrencies. Established in 1974, IG has grown to serve over 239,000 active clients globally.

As a trusted broker, IG is regulated across multiple jurisdictions like the UK, EU, Australia, and Japan. The platform provides traders with advanced web and mobile apps packed with tools for analysis and execution. Features include one-click trading, risk management functions, fast trade execution, customizable charts and alerts, sentiment indicators, and automated trading via EAs.

With competitive spreads from 0.6 pips, 24/5 customer service, and education for all skill levels, IG aims to give both new and pro traders the best chance for trading success. Its reputation as a trusted broker is reinforced by decades of regulatory compliance and innovative tools like one-click trading, which streamlines order execution for faster decision-making.

IG Key Features

Regulated across 8 tier-1 jurisdictions including the UK, EU, and Australia for security.
A publicly traded company listed on the London Stock Exchange since 1974.
Over 239,000 active traders worldwide use IG's platforms.
Trade over 17,000 financial markets including forex, crypto, shares, and indices.
Advanced web & mobile trading apps with charts, alerts, and risk management tools.
Ultra-low spreads from 0.6 pips on forex pairs & commissions from $3 per trade.

Feature	Details
Leverage	Up to 1:30.
Instruments	Forex, Stocks, Indices, Commodities, Bonds, ETFs, Cryptocurrencies.
Deposits and WithdrawalsMethods accepted	Bank wire, Credit/Debit cards, PayPal, Skrill, NETELLER, Trustly.
Crypto Deposit and Withdrawal	Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash.

2. Saxo Bank

Saxo Bank is an online investment bank founded in 1992 that enables clients to trade global financial markets through best trading platforms and tools.

Headquartered in Copenhagen, Saxo Bank serves over 1 million clients worldwide with assets exceeding $100 billion. Regulated across Europe, Asia, and Australia, Saxo provides secure market access for forex, stocks, and CFD trading across 71,000+ instruments.

Traders can access forex, stocks, ETFs, futures, listed options, bonds, and CFD trading opportunities through Saxo’s user-friendly platforms. Features include advanced charts, risk management tools, algorithmic trading, and expert analysis tailored for best trading outcomes.

Saxo partners with institutional firms and fintechs to power cutting-edge trading infrastructure. With 24/5 support and education for all skill levels, Saxo Bank delivers best trading resources for investors and traders to succeed in global markets.

Saxo Key Features

Founded in 1992, over $100 billion in client assets and 1 million clients globally.
Banking license & regulated across Europe, Asia, and Australia for security.
Trade 71,000+ instruments – forex, stocks, ETFs, futures, bonds, CFDs.
Powerful web & mobile platforms with advanced charts & analysis tools.
Features include risk management, algo trading, expert commentary.
Works with partners to power trading infrastructure technology.

Feature	Details
Leverage	Up to 1:100.
Instruments	Stocks, Forex, CFDs, Futures, Options,Bonds, ETFs.
Deposits and WithdrawalsMethods accepted	Via bank transfers and debit cards.
Crypto Deposit and Withdrawal	Bitcoin crypto ETFs and Crypto ETNs, Ethereum crypto ETFs and Crypto ETNs, Stellar crypto ETF, Polkadot.

3. CMC Markets

Founded in 1989, CMC Markets is a leading global provider of online trading across shares, forex, and contracts for difference (CFDs) to retail, professional, and institutional clients.

Headquartered in London with hubs in Sydney and Singapore, CMC Markets is listed on the London Stock Exchange. With innovative proprietary technology, CMC Markets offers an award-winning trading experience across web and mobile platforms suited to all skill levels.

Features include risk management tools, sentiment indicators, advanced charts, and over 10,000 financial instruments. Regulated across Europe, Australia, and Asia-Pacific, CMC Markets provides clients with secure market access. With competitive pricing, 24/5 support, and a comprehensive education hub, CMC Markets empowers informed decision-making so traders can capitalize on worldwide financial markets.

CMC Markets Key Features

Founded in 1989, listed on the London Stock Exchange, with over 300,000 clients globally.
Regulated across Europe, Australia, and Asia-Pacific for security.
Award-winning proprietary web & mobile apps for all skill levels.
Trade 10,000+ instruments – forex, shares, indices, commodities, crypto.
Features include advanced charts, risk management tools, and sentiment analysis.
Competitive spreads from 0.7 pips & transparent low commissions.

Feature	Details
Leverage	Up to 1:500.
Instruments	Forex, Stocks, Indices, Commodities, Bonds, ETFs, Cryptocurrencies.
Deposits and WithdrawalsMethods accepted	Bank wire, Credit/Debit cards (Visa,Mastercard), and PayPal.
Crypto Deposit and Withdrawal	Tether USD, Bitcoin, Ethereum, Litecoin, Ripple,Bitcoin Cash BNB.

4. City Index

City Index is an award-winning global broker founded in 1983 that provides online trading access across forex, shares, indices, commodities, and cryptocurrencies. City Index is the best forex trading platform in Australia, Headquartered in London and regulated in the UK, EU, and globally, City Index serves over one million clients worldwide.

City Index offers traders advanced web and mobile trading platforms packed with exclusive tools, fast execution, and competitive pricing. Features include risk management functions, performance analytics, smart trade signals, fast deposits and withdrawals, and more.

With over 40 years of market experience, 24/5 customer support, and comprehensive education for all skill levels, City Index aims to give both new and skilled traders the best opportunity to navigate financial markets successfully.

City Index Key Features

Founded in 1983, serves over 1 million clients, regulated globally.
Award-winning web & mobile trading platforms packed with tools.
Trade forex, shares, indices, commodities, crypto with fast execution.
Features include risk management, performance analytics, smart signals.
Competitive pricing with transparent fees & fast deposits/withdrawals.
40+ years market experience & 24/5 customer support all levels.

Feature	Details
Leverage	Up to 1:30.
Instruments	Forex, Stocks, Indices, Commodities, Bonds, ETFs, Cryptocurrencies.
Deposits and WithdrawalsMethods accepted	Bank wire, Credit/Debit cards, PayPal.
Crypto Deposit and Withdrawal	Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, Dogecoin, Ada, Tether.

5. eToro

Founded in 2007, eToro is a global multi-asset investment platform that empowers over 27 million users across more than 140 countries to trade and invest. eToro aims to make trading accessible for everyone through an innovative social investment network and user-friendly interface.

eToro offers commission-free trading in stocks, ETFs, currencies, cryptocurrencies, indices, and commodities. Key features include copy trading, risk management tools, research and news feeds, and more. eToro is regulated in several jurisdictions including the UK, Europe, Australia, and the US to provide a secure trading environment.

With a commitment to simplicity, transparency, and building community, eToro gives both beginning and expert traders the confidence to invest in global markets.

eToro Key Features

Founded in 2007, regulated globally, over 27 million users worldwide.
Commission-free trading of stocks, ETFs, crypto, currencies, commodities.
Innovative social investment platform with copy trading available.
User-friendly interface ideal for beginner and experienced traders.
Features include risk management tools, research, news feeds.
Transparent fees, fast and secure deposits and withdrawals.

Feature	Details
Leverage	Up to 5x leverage offered on stocks varies by asset class.
Instruments	Stocks, ETFs, Commodities, Currencies,Cryptocurrencies.
Deposits and WithdrawalsMethods accepted	Bank transfer, Credit cards, PayPal, Skrill, Neteller.
Crypto Deposit and Withdrawal	Up to 5x leverage offered on stocks varies by asset class.

6. AvaTrade

AvaTrade is an innovative online forex and CFD broker, providing retail and institutional traders access to over 1000 financial instruments since 2006. Headquartered in Ireland and regulated in several jurisdictions, AvaTrade aims to give clients a premier trading experience with an array of platforms, tools, and educational resources suitable for all skill levels.

Traders can access 24/5 multi-lingual support and competitive pricing. Features include risk management, copy trading, automated trading options, fast deposits/withdrawals, and more. With a focus on local regulation, transparency, and advanced trading infrastructure, AvaTrade empowers informed decision-making.

AvaTrade adapts to evolving markets, having introduced crypto and commodities trading early on. By combining robust trading capabilities with personalized support, AvaTrade helps traders reach their potential.

AvaTrade Key Features

Founded in 2006, and regulated globally, provides access to 1000+ instruments.
Trade forex, crypto, CFDs, stocks, commodities with fixed & floating spreads.
User-friendly platforms suited for beginner and advanced traders.
Features include risk management, copy trading, auto trading options.
24/5 multi-lingual support & competitive pricing on trades.
Transparent fees, fast deposits & withdrawals.

Feature	Details
Leverage	Up to 30:1.
Instruments	Over 1000 including Forex, Stocks, Indices, Commodities, Bonds, ETFs, Cryptocurrencies.
Deposits and WithdrawalsMethods accepted	Bank wire, Credit/Debit cards, PayPal, Skrill, Neteller, WebMoney, Klarna, Boleto.
Crypto Deposit and Withdrawal	Bitcoin(BTC), Ethereum (ETH), BinanceCoin(BNB), Cardano(ADA).

7. Blueberry Markets

Founded in 2016 by Dean Hyde, Blueberry Markets is an Australian-based online forex and CFD broker providing access to over 300 financial instruments. Blueberry Markets aims to give traders a premier trading experience through its powerful yet easy-to-use proprietary platform packed with advanced tools, tight spreads, and fast execution.

Blueberry Markets is regulated in Australia to offer clients a secure trading environment. With a focus on market expertise, transparency, and customer service, Blueberry Markets provides 24/5 multi-lingual support, comprehensive education for all levels, automated trading options, integrated third-party services, and more.

By combining robust trading infrastructure with personalized service, Blueberry Markets helps traders capitalize on market opportunities

Blueberry Markets Key Features

Australian-based online forex & CFD broker founded in 2016.
Regulated in Australia to provide a secure trading environment.
Proprietary web & mobile platforms with advanced tools.
Tight spreads from 0 pips & fast trade execution speeds.
300+ tradable financial instruments including forex & crypto.
Comprehensive education, multi-lingual 24/5 support at all levels.

Feature	Details
Leverage	Up to 1:500.
Instruments	300+ including Forex, Indices, Commodities, Cryptocurrencies, Stocks/CFDs.
Deposits and WithdrawalsMethods accepted	Bank wire, Credit/Debit cards, PayPal, Skrill, Neteller, Crypto.
Crypto Deposit and Withdrawal	Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and Ripple.

8. XM

XM is an online forex and CFD broker providing access to over 1000 trading instruments across currency pairs, commodities, indices, stocks, precious metals, and energies. Founded in 2009, XM empowers over 4 million clients across 196 countries with competitive trading conditions, advanced trading platforms, and dedicated 24/5 multi-lingual support.

XM is regulated by top-tier jurisdictions like Cyprus, Australia. and South Africa to offer a secure trading environment. With ultra-tight spreads from 0 pips and fast execution on trades, XM enables informed decision-making for all trading styles and skill levels. Through comprehensive educational resources, XM aims to give new traders a solid foundation while helping experienced traders refine their strategies.

XM Key Features

Founded in 2009, over 4 million clients, regulated globally.
Access 1000+ instruments – forex, commodities, stocks, indices.
Ultra-tight spreads from 0 pips & fast trade execution.
Advanced MT4 and MT5 platforms available.
24/5 support in 30+ languages.
Segregated client funds and tier-1 bank partnerships.

Feature	Details
Leverage	Up to 1000:1.
Instruments	Over 1000 including Forex, Indices, Commodities, Stocks, Crypto, ETFs.
Deposits and WithdrawalsMethods accepted	Bank wire, Credit/Debit cards, Skrill, Neteller, WebMoney, UnionPay, and more.
Crypto Deposit and Withdrawal	Bitcoin, Bitcoin Cash, Ethereum, Cardano, Tron Solana, Xrp.

9. Eightcap

Eightcap is an online forex and CFD broker providing traders access to over 800 financial instruments since 2009. Headquartered in Australia and regulated across multiple tier-1 jurisdictions, Eightcap aims to give clients a premier trading experience with tight spreads from 0 pips, fast execution speeds, and advanced MetaTrader platforms.

With a focus on market transparency and customer service, Eightcap provides 24/5 support, algorithmic trading via Capitalise.ai, and third-party integrations. Though Eightcap’s educational resources are limited, its competitive pricing, ECN account options, and global regulatory oversight empower informed trading.

By combining robust trading infrastructure with dedicated account management, Eightcap accommodates active investors looking to capitalize on forex and CFDs across currencies, indices, shares, crypto, and commodities.

Eightcap Key Features

Australian broker founded in 2009, regulated globally.
800+ tradable CFD instruments – forex, crypto, commodities.
Tight spreads from 0 pips & fast trade execution speeds.
Advanced MetaTrader 4 & 5 platforms available.
24/5 support & algorithmic trading via Capitalise.ai.
Tier-1 bank partnerships & segregated client funds.

Feature	Details
Leverage	Up to 1:500.
Instruments	Over 800 including Forex, Indices, Commodities, Stocks/CFDs, Crypto.
Deposits and WithdrawalsMethods accepted	Bank wire, Credit/Debit cards, PayPal, Skrill, Neteller, Crypto.
Crypto Deposit and Withdrawal	BTCUSD. Bitcoin, ETHUSD. Ethereum,XRPUSD Ripple, BCHUSD BitcoinCash.

10. Markets.com

Markets.com is an award-winning global multi-asset broker providing online trading access across forex and CFDs, stocks, indices, ETFs, commodities, and cryptocurrencies since 2008. Regulated in several tier-1 jurisdictions including Australia, Markets.com serves over 300,000 clients worldwide.

Markets.com offers user-friendly proprietary web and mobile trading platforms packed with insights, alerts, and risk management tools. With transparent pricing, fast execution speeds, 24/7 customer support, and comprehensive education, Markets.com provides resources to develop and execute informed trading forex and CFDs strategies for all experience levels.

By combining innovative technology with a client-centric focus, Markets.com empowers traders to navigate global markets securely, offering tools to refine trading forex and CFDs strategies and capitalize on opportunities in real-time.

Markets.com Key Features

Global multi-asset broker founded in 2008, 300,000+ clients.
Regulated across tier-1 jurisdictions including Australia.
Award-winning proprietary web & mobile trading platforms.
Access forex, stocks, indices, commodities, crypto.
Packed with insights, alerts & risk management tools.
Transparent pricing & fast trade execution speeds.

Feature	Details
Leverage	Up to 1:300.
Instruments	Including Forex, Indices, Commodities,Stocks, ETFs, Crypto, Stocks/CFDs, Crypto.
Deposits and WithdrawalsMethods accepted	Bank wire, Credit/Debit cards, PayPal, Skrill, Neteller.
Crypto Deposit and Withdrawal	Xrp, Solana, Bnb, Dogecoin, Avalanche, Ltc.

How to Choose an Australian Forex Brokers?

Parameters to Choose Australian Forex Brokers

While choosing a locally regulated broker, here are some of the key points to consider:

Regulation

ASIC (Australian Securities and Investments Commission) regulates Australian forex brokers in Australia. Brokers must hold an Australian Financial Services (AFS) license from ASIC to operate legally.
ASIC-regulated brokers are required to have a license and adhere to strict rules and regulations monitored and enforced by ASIC. ASIC enforces a maximum Forex leverage of 1:30, protecting Forex traders from being overleveraged.
ASIC has strict capital, segregated accounts, dispute resolution, and other requirements for licensed brokers. The minimum capital is AUD 1 million.
ASIC cooperates with other Australian regulators like APRA and ACCC.

Licensing Requirements

To get an AFS license, brokers must meet minimum capital, have Australian directors, provide ownership/management information, and pay fees.
The application process takes a minimum of 6 months. After approval, a bank account can be established.
Only brokers with 10%+ revenue or $1 million+ from Australian clients need a license. Offshore brokers can serve non-retail Australian clients.

Protections for Traders

ASIC regulation provides protections like segregated accounts, negative balance protection, leverage limits, and dispute resolution.
Brokers must follow standards like the FX Global Code. ASIC takes complaints seriously and investigates disputes.
An investor compensation scheme protects client funds if a broker becomes insolvent.

Verification

ASIC-regulated brokers have a unique AFS license number that can be verified on ASIC's website. Brokers also mention it on their websites.

Trends

The Australian forex market in Australia has seen strong growth, with an average daily turnover of over $400 billion. Retail trading is also rising in popularity. The offers some of the best conditions, but it's also important to be aware of the potential for forex scams, making regulation a key factor. Checking the regulatory status of brokers in the market is a crucial step in ensuring security.

More About the Australian Forex Market

The Australian foreign exchange (forex) market has seen tremendous growth over the past decade, with average daily turnover reaching $406 billion in April 2019, a 66% increase from 2016. This makes Australia the 7th largest forex market globally and underscores its role in the global forex market.

The Australian dollar (AUD) is the 6th most traded currency worldwide, involved in 6.8% of all forex transactions. The AUD/USD pair specifically accounts for 5.4% of global daily volume, making it a favorite among forex traders in Australia. The most traded pairs in Australia are AUD/USD, AUD/JPY, EUR/AUD and NZD/AUD, with many brokers offering a range of trading to the best forex trading platform options like MetaTrader, cTrader, and proprietary solutions.

High trading volumes reflect rising retail participation, with over 100,000 Australians trading CFDs in 2021. The growth of online brokers has democratized access, making it easier for retail investors to start trading forex. Australia’s strong economy and commodity exports drive AUD volatility, attracting traders seeking opportunities in the global forex market.

Regulatory confidence stems from Australia and is regulated by ASIC, which enforces strict oversight through the Australian Financial Services Licence (AFSL) framework. This ensures brokers meet capital requirements, segregate client funds, and adhere to ethical practices.With technological advancements and financial literacy initiatives, Australia’s position as a forex hub is set to expand, particularly as more traders leverage best forex trading platform options and ASIC’s investor protections.

FAQ Related to Australian Forex Brokers

What is the Regulatory Body for Brokers in Australia?

The Australian Securities and Investments Commission (ASIC) regulates brokers.

What are the Trading Hours for the Local Market?

The Forex market operates 24 hours a day, starting from 5.00 am (Sydney time) on Monday and closing at 5.00 pm (New York time).

How are Broker Fees Structured?

Fees can include spreads, commissions, and sometimes inactivity fees. The specific structure varies by broker.

Are Brokers Required to follow a Code of Conduct?

Yes, they follow the FX Global code, maintained by the Global Foreign Exchange Committee.

Can I Trade with Offshore Forex brokers as an Australian Resident?

Yes, Australians can legally trade with offshore brokers, but trading with ASIC-regulated brokers is recommended for better protection.

How can I verify if a Forex Broker is Regulated by ASIC?

Every ASIC-regulated Forex broker is provided a unique AFSL number, which can be verified through the official ASIC website.

Wrapping Up on Australian Forex Brokers

And there you have it, a comprehensive overview of what to look for when choosing an Australian forex brokers in 2025. With proper regulation, competitive pricing, advanced platforms, and strong customer support now the norm, you're spoiled for choice. Given all the options, finding the best Australian forex brokers for your specific needs is crucial.

Ultimately, the best broker comes down to your personal trading style and priorities, and that can look very different depending on whether you're looking for the best for beginners or have advanced needs. Keep in mind that the landscape of brokers in Australia for 2025 is competitive, and many offer compelling features.

⚡ Do you want tight spreads or lightning-fast execution?

📊 Do you need integrated charting tools or automated trading algorithms?

✅ Build a checklist of must-haves, nice-to-haves, and dealbreakers.

Test drive a few broker demo accounts. Compare how they stack up on your key criteria. Don't rush—take your time evaluating each platform's strengths and weaknesses. The right broker can turbocharge your trading. The wrong one can seriously hinder it.

So choose wisely, my friend! Wherever your trading journey leads next, I wish you smooth sailing and profitable pips.