Forex brokers in Australia
38 of the 94 brokers we rate hold a licence from the Australian Securities and Investments Commission (ASIC), and 82 in total will open an account for someone in Australia. The gap between those two numbers is the most useful thing on this page.
How this page is builtWe hold each broker's own list of the countries it will not serve, so "accepts you" means "does not exclude you" - not a promise your application will be approved. Local regulation is read from the licences each broker publishes. Both lists are in rating order, and brokers holding no licence at all are left off entirely.
Regulated in Australia
These 38 brokers hold a licence from the Australian Securities and Investments Commission (ASIC). That is a different proposition from a broker that merely accepts your application: a regulator in your own country supervises the entity holding your money, and you have somewhere local to complain when it goes wrong.
IC MarketsASICCySEC+39.5/10Get started IC MarketsFind out more IC Markets
EightcapASICFCA+49.2/10Get started EightcapFind out more Eightcap
XMCySECASIC+39.1/10Get started XMFind out more XM
AvaTradeCentral Bank of IrelandASIC+88.9/10Get started AvaTradeFind out more AvaTrade
CMC MarketsFCAASIC+58.7/10Get started CMC MarketsFind out more CMC Markets
Capital.comFCAASIC+38.5/10Get started Capital.comFind out more Capital.com
easyMarketsCySECASIC+38.3/10Get started easyMarketsFind out more easyMarkets
Fusion MarketsASICFSA (Seychelles)+18.3/10Get started Fusion MarketsFind out more Fusion Markets
AdmiralsFCACySEC+68.0/10Get started AdmiralsFind out more Admirals
GO MarketsASICCySEC+18.0/10Get started GO MarketsFind out more GO Markets
The ten highest rated of 38. The rest appear in the full list below.
What that licence actually protects
ASIC obliges a broker to hold client money in a segregated trust account, provide negative balance protection to retail clients, and meet capital requirements it supervises directly.
Retail leverage is capped at 1:30 on major currency pairs. Brokers advertising far more are offering it through entities outside Australia, and which entity takes your account is decided by where you live rather than by which you would prefer.
There is no statutory compensation scheme of the FSCS kind, but disputes go to the Australian Financial Complaints Authority, whose determinations bind the firm.
None of it protects you from losing money on your own trades. It protects you from the firm failing, misusing client money or refusing to deal with a complaint - the risks you cannot manage yourself.
| Broker | Regulators | Founded | Client money segregated | Negative balance protection | Compensation scheme |
|---|---|---|---|---|---|
| IC Markets | ASICCySECFSA (Seychelles)+2 | 2007 | Yes | Yes | ICF up to €20,000 for eligible EU clients; Raw Trading Ltd insolvency insurance up to US$1,000,000 |
| Eightcap | ASICFCACySEC+3 | 2009 | Yes | Yes | FSCS up to £85,000 for eligible UK clients; ICF up to €20,000 for eligible EU clients |
| XM | CySECASICDFSA (DIFC)+2 | 2009 | Yes | Yes | ICF up to €20,000 for eligible CySEC clients |
| AvaTrade | Central Bank of IrelandASICFSA (Japan)+7 | 2006 | Yes | Yes | Irish Investor Compensation Scheme for eligible EU clients; no compensation scheme under several international entities |
| CMC Markets | FCAASICBaFin+4 | 1989 | Yes | Yes | FSCS up to £85,000 for eligible UK clients; EdW protection up to €20,000 for eligible German clients; CIPF protection for eligible Canadian investment accounts |
| Capital.com | FCAASICCySEC+2 | 2016 | Yes | Yes | FSCS up to £85,000 for eligible UK clients; ICF up to €20,000 for eligible CySEC clients; additional private insolvency insurance up to €1 million for eligible EU clients |
| easyMarkets | CySECASICFSA (Seychelles)+2 | 2001 | Yes | Yes | ICF up to €20,000 for eligible CySEC clients |
| Fusion Markets | ASICFSA (Seychelles)VFSC (Vanuatu) | 2017 | Yes | Yes | No statutory investor compensation scheme |
| Admirals | FCACySECASIC+5 | 2001 | Yes | Yes | FSCS up to £85,000 for eligible UK clients; ICF up to €20,000 for eligible Cyprus clients; additional insurance up to €100,000 under applicable entity |
| GO Markets | ASICCySECFSC (Mauritius) | 2006 | Yes | Yes | ICF up to €20,000 for eligible CySEC clients; no statutory investor compensation scheme under ASIC |
Every broker that accepts clients in Australia
82 brokers, in rating order. The 38 with a local licence are included here too, so this is the whole picture rather than the remainder.
- IC MarketsASICCySEC+39.5/10Get started IC MarketsFind out more IC Markets
- EightcapASICFCA+49.2/10Get started EightcapFind out more Eightcap
- XMCySECASIC+39.1/10Get started XMFind out more XM
FxProFCACySEC+39.1/10Get started FxProFind out more FxPro
Markets.comCySECFSCA (South Africa)9.0/10Get started Markets.comFind out more Markets.com- AvaTradeCentral Bank of IrelandASIC+88.9/10Get started AvaTradeFind out more AvaTrade
ExnessCySECFCA+98.9/10Get started ExnessFind out more Exness
HF MarketsFCACySEC+58.8/10Get started HF MarketsFind out more HF Markets- CMC MarketsFCAASIC+58.7/10Get started CMC MarketsFind out more CMC Markets
FXTMFSC (Mauritius)FSCA (South Africa)+18.6/10Get started FXTMFind out more FXTM- Capital.comFCAASIC+38.5/10Get started Capital.comFind out more Capital.com
TickmillFCACySEC+38.5/10Get started TickmillFind out more Tickmill- easyMarketsCySECASIC+38.3/10Get started easyMarketsFind out more easyMarkets
- Fusion MarketsASICFSA (Seychelles)+18.3/10Get started Fusion MarketsFind out more Fusion Markets
HYCMFCADFSA (DIFC)8.2/10Get started HYCMFind out more HYCM- AdmiralsFCACySEC+68.0/10Get started AdmiralsFind out more Admirals
- GO MarketsASICCySEC+18.0/10Get started GO MarketsFind out more GO Markets
IGFCAASIC+87.9/10Get started IGFind out more IG
InstaForexFSC (BVI)7.9/10Get started InstaForexFind out more InstaForex
AAAFxMISA (Comoros)7.8/10Get started AAAFxFind out more AAAFx
Plus500FCAASIC+137.8/10Get started Plus500Find out more Plus500
MultiBank GroupASICMAS+67.8/10Get started MultiBank GroupFind out more MultiBank Group
FXOpenFCACySEC7.8/10Get started FXOpenFind out more FXOpen
TMGMASICVFSC (Vanuatu)+27.8/10Get started TMGMFind out more TMGM
EC MarketsFCAASIC+37.8/10Get started EC MarketsFind out more EC Markets
XTBKNFFCA+37.8/10Get started XTBFind out more XTB
Blueberry MarketsASICFSC (Mauritius)+17.7/10Get started Blueberry MarketsFind out more Blueberry Markets
AxiASICFCA+27.7/10Get started AxiFind out more Axi
FP MarketsASICCySEC+47.7/10Get started FP MarketsFind out more FP Markets
FOREX.comCFTC/NFAFCA+67.7/10Get started FOREX.comFind out more FOREX.com
WebullSECFINRA+17.7/10Get started WebullFind out more Webull
ACY SecuritiesASICFSCA (South Africa)7.7/10Get started ACY SecuritiesFind out more ACY Securities
DukascopyFINMAFSA (Japan)+17.6/10Get started DukascopyFind out more Dukascopy
Saxo BankFSA (Denmark)FCA+77.6/10Get started Saxo BankFind out more Saxo Bank
LibertexCySECBaFin7.6/10Get started LibertexFind out more Libertex
SwissquoteFINMAFCA+57.6/10Get started SwissquoteFind out more Swissquote
ActivTradesFCAFSC (Mauritius)+17.6/10Get started ActivTradesFind out more ActivTrades
FXCMFCAASIC+27.6/10Get started FXCMFind out more FXCM
Trade.comCySECFCA+27.5/10Get started Trade.comFind out more Trade.com
ATFXFCAASIC+77.5/10Get started ATFXFind out more ATFX
BDSwissFSA (Seychelles)FSC (Mauritius)7.5/10Get started BDSwissFind out more BDSwiss
ADS SecuritiesCMA (UAE)7.4/10Get started ADS SecuritiesFind out more ADS Securities
Global PrimeASICVFSC (Vanuatu)7.4/10Get started Global PrimeFind out more Global Prime
PU PrimeFSA (Seychelles)FSC (Mauritius)+27.4/10Get started PU PrimeFind out more PU Prime
OctaCySECFSC (Mauritius)+27.4/10Get started OctaFind out more Octa
LiteFinanceCySECFSC (Mauritius)7.4/10Get started LiteFinanceFind out more LiteFinance
QuestradeCIRO7.3/10Get started QuestradeFind out more Questrade
MitradeASICCySEC+47.3/10Get started MitradeFind out more Mitrade
FortradeFCAASIC+47.3/10Get started FortradeFind out more Fortrade
FXCCCySECMISA (Comoros)+17.3/10Get started FXCCFind out more FXCC
FXOROCySEC7.2/10Find out more FXORO
IC TradingFSC (Mauritius)7.2/10Get started IC TradingFind out more IC Trading
Trade NationFCAASIC+47.2/10Get started Trade NationFind out more Trade Nation
Capital IndexFCA7.2/10Get started Capital IndexFind out more Capital Index
VT MarketsASICFSCA (South Africa)+27.2/10Get started VT MarketsFind out more VT Markets
NordFXFSA (Seychelles)FSC (Mauritius)7.2/10Get started NordFXFind out more NordFX
SpreadexFCA7.1/10Get started SpreadexFind out more Spreadex
tastyfxCFTCNFA7.1/10Get started tastyfxFind out more tastyfx
Accendo MarketsFCA7.1/10Get started Accendo MarketsFind out more Accendo Markets
FinecoBank of ItalyCONSOB+17.1/10Get started FinecoFind out more Fineco
ATC BrokersFCACIMA (Cayman Islands)+17.1/10Get started ATC BrokersFind out more ATC Brokers
TopFXCySECFSC (BVI)+17.0/10Get started TopFXFind out more TopFX
iFOREXCySECFSC (BVI)7.0/10Get started iFOREXFind out more iFOREX
OrbexFSC (Mauritius)FSA (Seychelles)7.0/10Get started OrbexFind out more Orbex
XtradeFSC (Belize)FSCA (South Africa)7.0/10Get started XtradeFind out more Xtrade
FXChoiceFSC (Belize)6.9/10Get started FXChoiceFind out more FXChoice
Fintrix MarketsFSC (Mauritius)6.9/10Get started Fintrix MarketsFind out more Fintrix Markets
FXDDNot on record6.8/10Get started FXDDFind out more FXDD
Focus MarketsASICFSC (Mauritius)6.6/10Get started Focus MarketsFind out more Focus Markets
Interactive BrokersSFC (Hong Kong)6.5/10Find out more Interactive Brokers
Charles SchwabSECFINRA+16.5/10Find out more Charles Schwab
PepperstoneASICFCA+56.5/10Find out more Pepperstone
VantageASICFCA+36.4/10Find out more Vantage
FBSFSC (Belize)6.4/10Find out more FBS
OANDACFTC/NFAFCA+46.4/10Find out more OANDA
eToroFCACySEC+56.3/10Find out more eToro
EquitiFCASCA (UAE)+46.3/10Find out more Equiti
City IndexFCAASIC+16.2/10Find out more City Index
STARTRADERASICFSCA (South Africa)+36.1/10Find out more STARTRADER
Trading 212FCABaFin+35.9/10Find out more Trading 212
Moneta MarketsFCAFSCA (South Africa)+25.7/10Find out more Moneta Markets
BlackBull MarketsFMA (New Zealand)FSA (Seychelles)5.4/10Find out more BlackBull Markets
Funding an account from Australia
10 of these brokers record PayID, BPAY and POLi among their funding methods. A domestic transfer is usually same-day and free where an international wire is neither, so it is worth more than it looks when two brokers are otherwise close.
Check the withdrawal routes as well as the deposit ones. They are frequently not the same list, anti-money-laundering rules generally require funds to return the way they arrived, and the difference only becomes apparent at the point you want your money back.
Trading from Australia
It is better protected, which is not quite the same thing. ASIC obliges a broker to hold client money in a segregated trust account, provide negative balance protection to retail clients, and meet capital requirements it supervises directly.
There is no statutory compensation scheme of the FSCS kind, but disputes go to the Australian Financial Complaints Authority, whose determinations bind the firm.
None of that protects you from losing money on your own trades. It protects you from the firm failing or misbehaving, which are the risks you cannot manage yourself.
82 of the 94 brokers we rate do not list Australia among the countries they restrict, and 38 of those hold a local licence.
"Does not restrict" is what our data supports. It is not the same as being authorised to serve you, and it is not a promise your application will be accepted - brokers apply their own checks on top of ours.
Under the Australian Securities and Investments Commission (ASIC), retail leverage is capped at 1:30 on major currency pairs. That is a regulatory limit rather than a broker decision, and it applies whatever figure the marketing carries.
Brokers advertising far more - 1:500, 1:1000 - are offering it through entities outside Australia, and which entity takes your account is decided by where you live rather than by which you would prefer.
10 of these brokers record PayID, BPAY and POLi among their funding methods, which usually means same-day deposits and no international transfer fee.
Check the withdrawal side as well. The routes are frequently not the same list, and the difference only shows up when you want your money back.
It is better protected, which is not quite the same thing. ASIC obliges a broker to hold client money in a segregated trust account, provide negative balance protection to retail clients, and meet capital requirements it supervises directly.
There is no statutory compensation scheme of the FSCS kind, but disputes go to the Australian Financial Complaints Authority, whose determinations bind the firm.
None of that protects you from losing money on your own trades. It protects you from the firm failing or misbehaving, which are the risks you cannot manage yourself.
82 of the 94 brokers we rate do not list Australia among the countries they restrict, and 38 of those hold a local licence.
"Does not restrict" is what our data supports. It is not the same as being authorised to serve you, and it is not a promise your application will be accepted - brokers apply their own checks on top of ours.
Under the Australian Securities and Investments Commission (ASIC), retail leverage is capped at 1:30 on major currency pairs. That is a regulatory limit rather than a broker decision, and it applies whatever figure the marketing carries.
Brokers advertising far more - 1:500, 1:1000 - are offering it through entities outside Australia, and which entity takes your account is decided by where you live rather than by which you would prefer.
10 of these brokers record PayID, BPAY and POLi among their funding methods, which usually means same-day deposits and no international transfer fee.
Check the withdrawal side as well. The routes are frequently not the same list, and the difference only shows up when you want your money back.