Australia
Updated:
ASIC-regulated brokers for Australian traders, under leverage caps that match Europe's since 2021.
Brokers in Australia
Interactive Brokers
US brokerage regulated by the CFTC, FCA, ASIC, and other top-tier authorities, offering forex, stocks, options, futures, and ETFs with no minimum deposit.
- Trust score
- 8/10
- Legal simplicity
- 1/10
- Min. deposit
- 0
Saxo Bank
Saxo Bank is a Danish investment bank offering trader seminars and training, trust management services, and a wide range of tradable instruments.
- Trust score
- 7/10
- Legal simplicity
- 1/10
- Min. deposit
- 10000
FXOpen
FXOpen is a multi-regulated ECN broker with a $1 minimum deposit, PAMM investment accounts, Islamic accounts, and phone trading support alongside a wide range of tradable instruments.
- Trust score
- 7/10
- Legal simplicity
- 6/10
- Min. deposit
- 1
IG
IG offers seminars and training, daily market analysis, a low initial deposit, Islamic accounts, segregated accounts, an affiliate program, and a wide range of trading instruments.
- Trust score
- 8/10
- Legal simplicity
- 1/10
- Min. deposit
- 0
MultiBank Group
MultiBank Group offers copy trading, MAM and ECN accounts, seminars, daily analysis, a low $50 minimum deposit, and Islamic and segregated accounts across a wide range of instruments.
- Trust score
- 6/10
- Legal simplicity
- 7/10
- Min. deposit
- 50
ThinkMarkets
ThinkMarkets is a multi-regulated forex and CFD broker offering MT4, MT5, and ThinkTrader, plus PAMM, copy-trading, and Islamic accounts, with no minimum deposit on its standard account.
- Trust score
- 6/10
- Legal simplicity
- 6/10
- Min. deposit
- 0
OANDA
OANDA is a multi-regulated forex and CFD broker with no minimum deposit, MT4 plus its own desktop, web, and mobile platforms, segregated client funds, and Islamic account options.
- Trust score
- 8/10
- Legal simplicity
- 1/10
- Min. deposit
- 0
Plus500
Plus500 is a CFD broker offering a $100 minimum deposit, Islamic accounts, and services for US customers, regulated by the FCA, CySEC, and ASIC among other authorities.
- Trust score
- 8/10
- Legal simplicity
- 2/10
- Min. deposit
- 100
Axi
Axi (formerly AxiTrader) is a multi-regulated forex and CFD broker offering MT4 trading with no minimum deposit, copy trading and Islamic accounts.
- Trust score
- 5/10
- Legal simplicity
- 5/10
- Min. deposit
- 0
Admiral Markets
FCA-regulated forex and CFD broker offering ECN accounts, daily market analysis, and trader training, with a $200 minimum deposit.
- Trust score
- 5/10
- Legal simplicity
- 5/10
- Min. deposit
- 200
Forex.com
Forex.com is a StoneX-owned broker regulated by the FCA, ASIC, CFTC/NFA, IIROC, FSA, and CIMA, offering MT4, DMA, and proprietary-platform accounts from a $100 minimum deposit.
- Trust score
- 9/10
- Legal simplicity
- 2/10
- Min. deposit
- 100
easyMarkets
easyMarkets pairs a low $25 minimum deposit and Islamic accounts with seminars, daily analyst commentary, and an affiliate program.
- Trust score
- 5/10
- Legal simplicity
- 5/10
- Min. deposit
- 25
AvaTrade
AvaTrade is a globally regulated forex and CFD broker offering copy trading, Islamic accounts, and segregated funds, backed by free seminars and daily market analysis.
- Trust score
- 5/10
- Legal simplicity
- 5/10
- Min. deposit
- 100
FP Markets
FP Markets is an ASIC- and CySEC-regulated ECN/DMA broker offering MT4, MT5, and IRESS, with a $100 minimum deposit and PAMM/MAM account options.
- Trust score
- 5/10
- Legal simplicity
- 6/10
- Min. deposit
- 100
CMC Markets
Seminars and training, daily analyst insight, a low initial deposit, Islamic and segregated accounts, and a wide range of trading instruments.
- Trust score
- 5/10
- Legal simplicity
- 6/10
- Min. deposit
- 0
One Royal
A multi-entity broker offering MT4 trading from a $50 minimum deposit, with ECN and STP accounts, copy trading, and Islamic accounts.
- Trust score
- 5/10
- Legal simplicity
- 5/10
- Min. deposit
- 50
Markets.com
Markets.com is a multi-regulated CFD and forex broker offering seminars, daily market analysis, a low $250 minimum deposit, and Islamic and segregated accounts across a wide range of trading instruments.
- Trust score
- 5/10
- Legal simplicity
- 6/10
- Min. deposit
- 250
FXCM
FXCM is a UK-regulated forex and CFD broker offering a single multi-asset account, copy trading, Islamic accounts, and a $50 minimum deposit, backed by seminars, daily analysis, and an affiliate program.
- Trust score
- 5/10
- Legal simplicity
- 5/10
- Min. deposit
- 50
FBS Inc
FBS Inc is an offshore ECN/STP forex broker with a $1 minimum deposit, Islamic accounts, and scalping-friendly conditions, backed by daily market analysis and trader training.
- Trust score
- 5/10
- Legal simplicity
- 5/10
- Min. deposit
- 1
Rakuten Securities
Rakuten Securities offers seminars and daily market analysis, Islamic and segregated accounts, a low $50 minimum deposit, and an affiliate program.
- Trust score
- 5/10
- Legal simplicity
- 6/10
- Min. deposit
- 50
eToro
eToro pairs a low minimum deposit and social copy trading with seminars and training, Islamic and segregated accounts, an affiliate program, and a wide range of instruments.
- Trust score
- 6/10
- Legal simplicity
- 2/10
- Min. deposit
- 200
City Index
A London-based broker offering seminars, daily analysis, segregated and Islamic accounts, an affiliate program, and a wide range of trading instruments with no minimum deposit.
- Trust score
- 4/10
- Legal simplicity
- 4/10
- Min. deposit
- 0
Pepperstone
Pepperstone is an ASIC- and FCA-regulated forex and CFD broker offering MT4, MT5, and cTrader from a $200 minimum deposit, with Islamic and segregated accounts.
- Trust score
- 4/10
- Legal simplicity
- 5/10
- Min. deposit
- 200
IFS Markets
IFS Markets is a forex and CFD broker offering trader seminars, daily market analysis, a low $100 minimum deposit, segregated accounts, and scalping-friendly conditions across a wide range of instruments.
- Trust score
- 4/10
- Legal simplicity
- 5/10
- Min. deposit
- 100
ACY Securities
ASIC-regulated ECN/STP forex and CFD broker from Sydney, Australia, with a $50 minimum deposit and trader training programs.
- Trust score
- 4/10
- Legal simplicity
- 4/10
- Min. deposit
- 50
TradeView
TradeView is a Cayman Islands-based forex and stock broker offering ECN accounts, four trading platforms, and a $100 minimum deposit.
- Trust score
- 4/10
- Legal simplicity
- 4/10
- Min. deposit
- 100
TMGM
TMGM is a multi-regulated forex and CFD broker offering MT4, MT5, and IRESS trading, a $100 minimum deposit, and Islamic accounts alongside seminars and daily market analysis.
- Trust score
- 4/10
- Legal simplicity
- 4/10
- Min. deposit
- 100
Blueberry Markets
Blueberry Markets is an ASIC-regulated Australian broker offering MT4/MT5, a $100 minimum deposit, and ECN-style Professional accounts.
- Trust score
- 4/10
- Legal simplicity
- 5/10
- Min. deposit
- 100
IC Markets
IC Markets is an ASIC- and CySEC-regulated ECN broker offering PAMM and copy-trading services, a MAM terminal, seminars, and daily market analysis.
- Trust score
- 3/10
- Legal simplicity
- 3/10
- Min. deposit
- 200
Trade360
Trade360 is a forex and CFD broker with a $250 minimum deposit, copy trading, Islamic accounts, and its own CrowdTrading platform alongside MetaTrader 5.
- Trust score
- 3/10
- Legal simplicity
- 3/10
- Min. deposit
- 250
Trade Nation
Trade Nation offers no minimum deposit, Islamic accounts, and scalping-friendly execution, backed by seminars, daily market analysis, and a wide range of trading instruments.
- Trust score
- 3/10
- Legal simplicity
- 4/10
- Min. deposit
- 0
Anzo Capital
Anzo Capital is an ASIC- and IFSC-regulated forex and CFD broker offering MT4 trading, STP and ECN accounts, and a $100 minimum deposit.
- Trust score
- 3/10
- Legal simplicity
- 4/10
- Min. deposit
- 100
BCR
BCR offers Islamic accounts, segregated client funds, scalping, seminars, and an affiliate program across a wide range of trading instruments.
- Trust score
- 3/10
- Legal simplicity
- 4/10
- Min. deposit
- 300
Advanced Markets
Advanced Markets is an institutional-focused DMA/ECN broker offering a MAM terminal, segregated accounts, and a broad range of tradable instruments.
- Trust score
- 3/10
- Legal simplicity
- 4/10
- Min. deposit
- 2500
HFTrading
ASIC- and FMA-regulated broker serving Australia and New Zealand only, offering segregated accounts and a wide range of trading instruments on MT4.
- Trust score
- 1/10
- Legal simplicity
- 2/10
- Min. deposit
- 250
XM
XM is a multi-regulated forex and CFD broker offering a $5 minimum deposit, copy trading, and Islamic accounts, but recent user reports of blocked accounts have pushed its trust score down to 1/10.
- Trust score
- 1/10
- Legal simplicity
- 4/10
- Min. deposit
- 5
Australia hosts one of the largest brokerage industries in the world relative to its population, and for years it was where international traders went for leverage that Europe had banned. That ended in 2021.
The 2021 intervention
ASIC's product intervention order took effect in March 2021 and brought Australia close to European levels:
- 30:1 on major currency pairs, 20:1 on minors, gold and major indices, 10:1 on other commodities, 5:1 on shares, 2:1 on cryptocurrencies.
- Negative balance protection and margin close-out at 50% of required margin.
- No inducements to open accounts or to deposit.
ASIC published its reasoning with unusual specificity: its review found retail clients losing very large sums in aggregate, concentrated in periods of volatility, and it identified leverage as the mechanism. The order has since been extended.
The offshore entity problem
The intervention applies to retail clients of Australian-licensed entities. Several groups responded by moving international clients — and some Australian ones qualifying as wholesale — to related companies licensed in Vanuatu, Seychelles or elsewhere, where the caps do not apply.
The website still shows the ASIC licence number. The account may not be with that company. Read the entity name on the client agreement and check it against the AFS licence on ASIC Connect. An Australian brand is not an Australian licence, and this is the single most valuable check available in this market.
What protection actually exists
Australia has no compensation scheme comparable to the FSCS. If a licensed broker fails, there is no fund covering client money — segregation is what protects you, and the collapse of several firms has shown that segregation failures do happen. What Australia does have is AFCA, a free external dispute resolution scheme whose determinations bind member firms, which is a genuine and much-used avenue for complaints short of insolvency.
Wholesale classification
Qualifying as a wholesale client removes the caps and the retail protections together. The thresholds are specific and the trade is real.
Checks
Search ASIC Connect by AFS licence number and confirm the entity on your agreement matches.
Frequently Asked Questions about Forex brokers in Australia
What role does ASIC play in the Australian Forex market?
The Australian Securities and Investments Commission (ASIC) regulates the market, setting standards for transparency and trader protection. Its oversight is a key reason Australia is considered a secure environment for forex trading.
How does the Australian Dollar influence Forex trading in Australia?
The Australian Dollar, known as the 'Aussie', is a major currency in forex markets. Australia's time zone allows AUD trading to bridge the North American market close and the Asian market open, extending the practical trading window.
What are the main challenges traders face in the Australian Forex market?
Key challenges include high leverage risk (up to 1:500), which can amplify losses if not managed; AUD volatility driven by global events; and complex taxation rules on forex earnings.
How does Australia's Forex market compare to other major global markets?
Australia allows higher leverage (up to 1:500) than many markets, such as the EU's 1:30 cap, under ASIC's stringent regulatory framework. Its trading hours overlap with both Asian and American sessions, and it offers an extensive range of currency pairs, including AUD pairs.
How can broker ratings assist traders in Australia?
Broker ratings that compare trading conditions, fees, regulatory standing, and user experience help traders evaluate ASIC-regulated and international brokers against their own trading needs.
What advantages does the Australian Forex market offer?
Australia offers a stringent, transparent regulatory framework under ASIC, prominence of the AUD in global forex trading, extended trading hours from overlapping Asian and American sessions, and a diverse range of local and international brokers.