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Top 10 Forex Brokers in Australia - Sept. 2023

Find the best Forex Broker for you & Start trading Now!

RANK BROKER ADVANTAGES MIN
DEPOSIT

The minimum amount you need to deposit in order to start trading.

SPREADS
FROM

Spreads are representative of a EUR/USD trade and are represented in PIPs. 1 PIP is equal to 1/100th of 1% (0.0001).

OUR SCORE MAX
LEVERAGE

Leverage refers to the ratio of securities you can buy for a given payment. The higher the leverage ratio, the higher your buying power (and the higher the risk). For example, a leverage ratio of 500:1 means you can purchase 500 securities, but only pay the equivalent of 1 security valuation. The leverage ratio offered can vary depending on the experience level of the trader.

REGULATION

We only list licensed brokers that comply with the requirements of prominent regulatory agencies.

SUPPORT START
TRADING
1
Tight Spreads Test PayPal Accepted Test
$5000
6 PIPs
50:1
FCA (UK), DFSA, ASIC, CMA

Telephone: +61 3 9020 0156

Pros
  • Segregated accounts
  • Great customer support
  • FCA regulated
  • 4.3/5 rating on trustpilot on 858 reviews
Cons
  • No bonuses
  • Demo account available for only 30 days
Platforms & Devices

MetaTrader 4
MetaTrader 5
cTrader
DupliTrade
WebTrader
Social Trading

2
Tight Spreads PayPal Accepted
$300
3 PIPs
32:1
FCA (UK), DFSA, ASIC, CMA, CYSEC, SCB, BaFIN

Telephone: +61 3 9020 0155

Pros
  • Segregated accounts
  • Great customer support
  • FCA regulated
  • 4.3/5 rating on trustpilot on 858 reviews
Cons
  • No bonuses
  • Demo account available for only 30 days
Platforms & Devices
3
Tight Spreads PayPal Accepted
$200
0 PIPs
30:1
FCA (UK), DFSA, ASIC, CMA, CYSEC, SCB, BaFIN

Telephone: +61 3 9020 0155

Pros
  • Segregated accounts
  • Great customer support
  • FCA regulated
  • 4.3/5 rating on trustpilot on 858 reviews
Cons
  • No bonuses
  • Demo account available for only 30 days
Platforms & Devices

MetaTrader 4
MetaTrader 5
cTrader
DupliTrade
WebTrader
Social Trading

4
Tight Spreads PayPal Accepted
$5
6 PIPs
50:1
FCA (UK), DFSA

Telephone: +61 3 9020 0156

Pros
  • Segregated accounts
  • Great customer support
  • FCA regulated
  • 4.3/5 rating on trustpilot on 858 reviews
Cons
  • Segregated accounts
  • Great customer support
  • FCA regulated
  • 4.3/5 rating on trustpilot on 858 reviews
Platforms & Devices

Trading Forex in Australia: The Local Forex Market 2023

Foreign exchange trading is a thriving business in Australia. This island nation has seen a rapid spike in the volume of FX trading since 2007. Currency analysts estimate that overall trading activity in Australia has more than doubled since 2007, and trading now volumes exceed $400 billion per day Read More>>

 

 

Latest Expert Reviews Summary:

“You guys are expert. Counting from my first week of investment to date. I’ve got nothing but positive results, No hidden fees attached and your payouts are convenient. This is the best trading platform I’ve come across with”

Score: 9.5 Written on: 12.02.2021 by Rebbeca Tyrell
Pros
  • No bonuses
  • Demo account available for only 30 days
Cons
  • No bonuses
  • Demo account available for only 30 days

“You guys are expert. Counting from my first week of investment to date. I’ve got nothing but positive results, No hidden fees attached and your payouts are convenient. This is the best trading platform I’ve come across with”

Score: 9.5 Written on: 12.02.2021 by Rebbeca Tyrell
Pros
  • Segregated accounts
  • Great customer support
  • FCA regulated
  • 4.3/5 rating on trustpilot on 858 reviews
Cons
  • No bonuses
  • Demo account available for only 30 days

“You guys are expert. Counting from my first week of investment to date. I’ve got nothing but positive results, No hidden fees attached and your payouts are convenient. This is the best trading platform I’ve come across with”

Pros
  • Segregated accounts
  • Great customer support
  • FCA regulated
  • 4.3/5 rating on trustpilot on 858 reviews
Cons
  • No bonuses
  • Demo account available for only 30 days
How to Choose a Forex Broker 2023?

Top8ForexBrokers.com helps you compare and choose your preferred Forex Broker. We suggest keeping the following checklist in mind when making your decision:

  • Is the Forex Broker regulated? Hello.
  • Account Details: Ideally, your broker should offer either a selection of account types or some element of customizability. Competitive spreads and easy deposits/withdrawals are good indicators too.
  • Number of Currency Pairs offered: The variety of currency pairs on offer, as well as the quantity, should be considered (the more of both, the better).
  • Availability of Customer Service.
  • Quality of the Trading Platform: look for a platform that is easy to use, straightforward and offers a collection of technical and analytical tools to enhance your trading experience.
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