Best Forex Brokers in Australia

Best Forex Brokers in Australia

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Best Brokers in Australia

Trading forex in Australia is a popular pastime for many beginners and professional forex traders. There are many international forex traders who want the best Australian forex broker. The best Australian forex brokers on the list below offer a variety of trading software, dynamic account types, and trading conditions that suit each type of forex trader.

  1. IG
  2. Saxo Bank
  3. eToro
  4. FXCM
  5. AvaTrade
  6. VantageFX
  7. Eightcap
  8. VT Markets
  9. Tickmill
  10. FxPro
  • IG

IG is a forex trading broker and a platform that was founded in London, the United Kingdom in 1974. IG was founded by Stuart Wheeler and the CEO for IG is June Felix, who has held the position for 5 years and 9 months. IG is regulated by CFTC, NFA, BaFin, FINMA, ASIC, FMA, MAS, FSA, FSCA, DFSA, JFSA, METI, FCA, and MAFF. 

The market capitalization of IG (LSE: IG) is 4.5 billion USD as per updated and official stock exchange information.

In terms of IG users, there are more than 239 000 registered forex traders and between 1 000 to 5 000 employees, as per official sources.

Where deposit rates and fees are concerned, IG charges a minimum deposit fee of 250 USD. In terms of forex trading fees and commissions, IG has spreads that start from 0.1 pips and commissions from 0.10%.

About trade execution speed, IG promises fast trading speeds from a few milliseconds, and stringent security protocols to ensure client safety and security.

In terms of financial markets, IG offers more than 17 000 tradable financial instruments spread across:

  • Forex
  • Indices
  • Shares
  • Commodities
  • Cryptocurrencies
  • Interest rates
  • Bonds
  • ETPs
  • Futures
  • Options

In terms of trading software, IG supports the following:

  1. ProRealTime (PRT)
  2. L2 Dealer
  3. FIX API 
  4. MetaTrader 4
  5. IG Platform

In terms of research and training, IG has a newsletter and blog for forex traders. Forex traders can use the following forex training and research tools:

  1. Seminars and webinars
  2. Financial Events
  3. Glossary and trading terms
  4. IG Academy app
  5. Risk Management
  6. Trade analytics tool
  7. News and trade ideas
  8. Strategies and planning

In terms of support, IG can be contacted 24/5 through these communication channels:

  • Email
  • Telephone
  • Live chat
  • LinkedIn
  • Facebook
  • Twitter

In terms of the service area, IG serves traders from around the world including:

  • United States
  • Switzerland
  • Europe
  • New Zealand
  • Australia
  • Singapore
  • Japan
  • South Africa
  • UAE, and more.

In terms of currency types, IG accepts the following currencies:

  • USD
  • GBP
  • EUR
  • CAD
  • AUD, and more.

When compared to other forex brokers, IG is known as one of the best forex brokers in Australia and the world, offering competitive trading conditions.

In terms of unique sides and/or features, IG stands out by offering:

  • A large variety of tradable instruments
  • Powerful trading software
  • Unique and trusted solutions
  • Saxo Bank

Saxo Bank is a forex trading broker and a platform that was founded in Denmark in 1992. Saxo Bank was founded by Kim Fournais, Lars Seier Christensen, and Mark Anthony Hauschildt, and the CEO for Saxo Bank is Kim Fournais, who has held the position since 1992. Saxo Bank is regulated by FSA, FCA, MAS, FINMA, SFC, and ASIC.

The market capitalization of Saxo Bank is not known but the average daily trading volume is 12.3 billion USD according to official sources. 

In terms of Saxo Bank users, there are more than 660 000 registered forex traders from countries around the world according to the official Saxo Bank website. According to official sources, Saxo Bank has between 1 000 and 5 000 employees.

Where deposit rates and fees are concerned, Saxo Bank charges 500 GBP. In terms of forex trading fees and commissions, Saxo Bank has spreads that start from 0.6 pips EUR/USD and trading commissions from 1.25 USD per lot.

Regarding trade execution speed, Saxo Bank executes trades in a few seconds according to official sources. In terms of security, Saxo Bank uses ECN technology, strict security protocols, and segregation of client funds.

In terms of financial markets, Saxo Bank offers more than 40 000 tradable financial instruments spread across:

  • Forex
  • CFDs
  • Futures
  • Commodities
  • Forex options
  • Stocks
  • Bonds
  • ETFs
  • Mutual Funds

In terms of trading software, Saxo Bank supports the following:

  1. SaxoTraderGo
  2. SaxoTraderPRO
  3. OpenAPI

In terms of research and training, Saxo Bank has a newsletter and blog for forex traders. Forex traders can use the following forex training and research tools:

  1. Saxo Bank Economic Calendar
  2. AutoChartist
  3. Platform Video Guides
  4. Introduction to trading
  5. Trade Inspiration
  6. Events and Webinars

In terms of support, Saxo Bank can be contacted 24/5 through these communication channels:

  • Email
  • Telephone
  • Live chat
  • Facebook
  • Twitter
  • LinkedIn

In terms of the service area, Saxo Bank serves traders from around the world except those from these countries/jurisdictions:

  • United States of America
  • Canada

In terms of currency types, Saxo Bank accepts the following currencies:

  • USD
  • AUD
  • GBP

When compared to other forex brokers, Saxo Bank is known as a popular and trusted forex trading broker that has more than 27 years of experience.

In terms of unique sides and/or features, Saxo Bank stands out by offering:

  • Reliable trading services
  • Wide range of markets
  • Bonuses, promotions, and contests
  • Superior trading services
  • eToro

eToro is a forex trading broker and a platform that was founded in 2007 in Cyprus. eToro was founded by Yoni Assia, Ronen Assia, and David Ring and the CEO for eToro is Yoni Assia, who has held the position for 14 years. eToro is regulated by ASIC, FCA, and CySEC.

The market capitalization of eToro is not given by trusted sources but the average daily trading volume for eToro is 4.3 billion USD. 

In terms of eToro users, there are more than a million registered forex traders from more than 140 countries around the world according to the official eToro website. According to official sources, eToro has between 500 and 1 000 employees.

Where deposit rates and fees are concerned, eToro charges 200 USD. In terms of forex trading fees and commissions, eToro has spreads that start from 3 pips and zero commissions on trades.

About trade execution speed, eToro executes trades in a few milliseconds according to official sources. In terms of security, eToro is well-known as a safe and secure forex trading platform.

In terms of financial markets, eToro offers more than 2 000 tradable financial instruments spread across:

  • Commodities
  • Cryptocurrency
  • Stocks
  • Shares
  • ETFs
  • CFDs
  • Indices
  • Metals
  • Energies
  • Bonds
  • Forex

In terms of trading software, eToro supports the following:

  1. Web
  2. Microsoft Windows and macOS Desktop
  3. iOS and Android mobile

In terms of research and training, eToro has a newsletter and blog for forex traders. Forex traders can use the following forex training and research tools:

  1. eToro Copy People
  2. eToro Trade Markets
  3. eToro Instrument feed
  4. eToro Instrument statistics
  5. eToro Instrument chart
  6. eToro CopyPortfolios
  7. eToro Watchlist
  8. eToro Portfolio
  9. eToro News Feed

In terms of support, eToro can be contacted 24/5 through these communication channels:

  • Email
  • Telephone
  • Facebook
  • Twitter
  • Instagram
  • LinkedIn

In terms of the service area, eToro serves traders from around the world except those from these countries/jurisdictions:

  • United States
  • Canada
  • Japan
  • Brazil
  • Turkey
  • North Korea, and several other jurisdictions.

In terms of currency types, eToro accepts the following currencies:

  • AUD
  • EUR
  • USD
  • GBP
  • RUB, and others

When compared to other forex brokers, eToro is a popular forex broker and trading platform that offers unique solutions to beginners and professional traders.

In terms of unique sides and/or features, eToro stands out by offering:

  • A variety of social trading opportunities
  • Multi-asset trading software
  • Low trading and non-trading fees
  • Free insurance
  • Investment with an industry-leading broker
  • Award-winning service and solutions
  • FXCM

FXCM is a forex trading broker and a platform that was founded in the United Kingdom in 1992. FXCM was founded by Drew Niv and the CEO for FXCM is Brendan Callan, who has held the position for four years. FXCM is regulated by FCA, FSCA, CySEC, and ASIC.

The market capitalization of FXCM is not known but the average daily trading volume for FXCM is 3.8 billion according to trusted sources. 

In terms of FXCM users, there is an undisclosed number of registered forex traders from countries around the world according to the official FXCM website. According to official sources, FXCM has between 500 and 1 000 employees.

Where deposit rates and fees are concerned, FXCM charges 50 USD. In terms of forex trading fees and commissions, FXCM has spreads that start from 0.2 pips EUR/USD and commissions from 0.10 USD.

About trade execution speed, FXCM executes 87% of all orders within 0.032 seconds according to official sources. In terms of security, FXCM ensures client fund security and a safe trading environment.

In terms of financial markets, FXCM offers more than 60 tradable financial instruments spread across:

  • 30 Forex pairs
  • 5 cryptocurrencies
  • 13 indices
  • 9 commodities

In terms of trading software, FXCM supports the following:

  1. Trading Station
  2. MetaTrader 4
  3. NinjaTrader
  4. ZuluTrade
  5. TradingView
  6. Capitalise AI

In terms of research and training, FXCM has a newsletter and blog for forex traders. Forex traders can use the following forex training and research tools:

  1. Market Scanner
  2. Daily Technical Levels
  3. Trading Videos
  4. Trading Articles
  5. Glossary
  6. MT4 VPS
  7. Live Forex Charts
  8. Economic Calendar
  9. FXCM Plus
  10. FXCM Apps

In terms of support, FXCM can be contacted 24/5 through these communication channels:

  • Email
  • Telephone
  • Live chat
  • Facebook
  • Twitter

In terms of the service area, FXCM serves traders from around the world except those from these countries/jurisdictions:

  • Russia
  • Iran
  • United States
  • Ukraine
  • Turkey, and several other jurisdictions.

In terms of currency types, FXCM accepts the following currencies:

  • USD
  • EUR
  • GBP
  • CHF
  • JPY
  • NZD
  • CAD
  • AUD

When compared to other forex brokers, FXCM offers trusted and innovative solutions for all forex traders.

In terms of unique sides and/or features, FXCM stands out by offering:

  • Multi-award-winning service and trading solutions
  • Advanced trading software
  • Variety of trading solutions and services
  • AvaTrade

AvaTrade is a forex trading broker and a platform that was founded in Dublin in 2006. AvaTrade was founded by Emanuel Kronitz and the CEO for AvaTrade is Dáire Ferguson, who has held the position for more than 9 years. AvaTrade is regulated by CBI, BVI FSC, ASIC, FSCA, FSA, FFAJ, ADGM, FRSA, CySEC, and ISA.

The market capitalization of AvaTrade is not given by official sources but the daily trading volume is more than 7.8 billion USD.

In terms of AvaTrade users, there are more than 300 000 registered forex traders from countries around the world according to the official AvaTrade website. According to official sources, AvaTrade has more than 450 employees.

Where deposit rates and fees are concerned, AvaTrade charges 100 USD. In terms of forex trading fees and commissions, AvaTrade has spreads that start from 0.9 pips EUR/USD and commission-free trading options.

About trade execution speed, AvaTrade executes trades in less than a few milliseconds according to official sources. In terms of security, AvaTrade is one of the best brokers where security and client fund safety is concerned.

In terms of financial markets, AvaTrade offers more than 1 250 tradable financial instruments spread across:

  • Commodities
  • Cryptocurrency
  • Stocks
  • Shares
  • Indices
  • CFDs
  • ETFs
  • Metals
  • Energies
  • Options
  • Bonds
  • Forex

In terms of trading software, AvaTrade supports the following:

  1. MetaTrader 4
  2. MetaTrader 5
  3. DupliTrade
  4. ZuluTrade
  5. AvaTrade AvaTradeGo
  6. AvaTrade AvaOptions

In terms of research and training, AvaTrade has a newsletter and blog for forex traders. Forex traders can use the following forex training and research tools:

  1. Trading Position Calculator
  2. Trading videos AutoChartist
  3. Trading articles and eBooks
  4. Trading webinars
  5. AvaTrade Economic Calendar
  6. AvaTrade Market Analysis

In terms of support, AvaTrade can be contacted 24/5 through these communication channels:

  • Email
  • Telephone
  • Live chat
  • Instagram
  • Facebook
  • Twitter

In terms of the service area, AvaTrade serves traders from around the world except those from these countries/jurisdictions:

  • United States
  • Belgium
  • Iran

In terms of currency types, AvaTrade accepts the following currencies:

  • USD
  • EUR
  • GBP
  • CHF
  • AUD

When compared to other forex brokers, AvaTrade is one of the best and most popular brokers in the industry.

In terms of unique sides and/or features, AvaTrade stands out by offering:

  • Strict global regulation
  • Positive reviews from thousands of happy forex traders
  • Innovative trading software
  • Award-winning service
  • Multilingual customer support
  • Vantage FX

Vantage FX is a forex trading broker and a platform that was founded in Australia in 2009. Vantage FX was founded by an unknown team of professionals and the CEO for Vantage FX is David Shayer, who has held the position for more than 2 years. Vantage FX is regulated by CIMA, SIBL, ASIC, FCA.

The market capitalization of Vantage FX is not known but official sources show that the daily trading volume for Vantage FX is more than 9.7 billion USD.

In terms of Vantage FX users, there is an undisclosed number of users. According to the official Vantage FX website, there are more than 500 000 trades executed per millisecond. According to official sources, Vantage FX has more than 242 employees.

Where deposit rates and fees are concerned, Vantage FX charges 200 USD. In terms of forex trading fees and commissions, Vantage FX has spreads that start from 0.0 pips and commissions from 2 USD.

About trade execution speed, Vantage FX executes 99.99% of trades at 3.2Ghz at 18 core speeds according to official sources. In terms of security, Vantage FX is a secure and trusted broker that keeps client funds in segregated accounts.

In terms of financial markets, Vantage FX offers more than 300 tradable financial instruments spread across:

  • Forex
  • Indices
  • Commodities
  • Share CFDs
  • Cryptocurrencies

In terms of trading software, Vantage FX supports the following:

  1. Vantage FX App
  2. MetaTrader 4
  3. MetaTrader 5
  4. ZuluTrade
  5. MyFXBook AutoTrade
  6. DupliTrade

In terms of research and training, Vantage FX has a newsletter and blog for forex traders. Forex traders can use the following forex training and research tools:

  1. Forex Sentiment Indicators
  2. Pro Trader Tools
  3. Trading Software Manuals
  4. Trading Videos
  5. Educational Webinars
  6. SmartTrader tools for MetaTrader 4 and MetaTrader 5
  7. Forex VPS
  8. Economic Calendar

In terms of support, Vantage FX can be contacted xxx through these communication channels:

  • Email
  • Telephone
  • Live chat
  • Facebook
  • Twitter
  • LinkedIn
  • Telegram

In terms of the service area, Vantage FX serves traders from around the world except those from these countries/jurisdictions:

  • United States
  • North Korea, several other areas.

In terms of currency types, Vantage FX accepts the following currencies:

  • USD
  • AUD
  • EUR
  • GBP
  • SGD
  • JPY
  • NZD
  • CAD

When compared to other forex brokers, Vantage FX offers superior trading conditions and transparent rates and fees.

In terms of unique sides and/or features, Vantage FX stands out by offering:

  • Low fees and trading costs
  • Advanced forex trading tools
  • Fast trade execution
  • Eightcap

Eightcap is a forex trading broker and a platform that was founded in Vanuatu and Australia in 2009. Eightcap was founded by an unknown individual and the CEO for Eightcap is Joel Murphy, who has held the position for more than 6 years. Eightcap is regulated by ASIC and VFSC.

The market capitalization of Eightcap is not given by trusted sources and the average daily trading volume for Eightcap is not known. 

In terms of Eightcap users, there are more than 12.7 million registered forex traders according to the official Eightcap website. According to official sources, Eightcap has between 10 and 50 employees.

Where deposit rates and fees are concerned, Eightcap charges 100 USD. In terms of forex trading fees and commissions, Eightcap has spreads that start from 0 pips and commissions from 3.5 USD per lot.

About trade execution speed, Eightcap executes trades quickly with minimal requests according to official sources. In terms of security, Eightcap uses strict security measures and there are frequent audits conducted on operations.

In terms of financial markets, Eightcap offers a variety of tradable financial instruments spread across:

  • Forex
  • CFDs
  • Stocks
  • Indices
  • Cryptocurrencies
  • Commodities

In terms of trading software, Eightcap supports the following:

  1. MetaTrader 4
  2. MetaTrader 5

In terms of research and training, Eightcap has a newsletter but no blog for forex traders. Forex traders can use the following forex training and research tools:

  1. Analysis
  2. Market updates
  3. Trading Education
  4. MetaTrader Guides
  5. Fundamentals
  6. News
  7. Trading Strategies

In terms of support, Eightcap can be contacted 24/5 through these communication channels:

  • Email
  • Telephone
  • Live chat
  • Facebook
  • Twitter
  • LinkedIn

In terms of the service area, Eightcap serves traders from around the world except those from these countries/jurisdictions:

  • Afghanistan
  • Azerbaijan
  • Belgium
  • Bosnia and Herzegovina
  • Burundi
  • Canada (British Columbia, Quebec, and Ontario)
  • Congo, and several other jurisdictions.

In terms of currency types, Eightcap accepts the following currencies:

  • USD
  • AUD
  • GBP
  • NZD
  • SGD
  • CAD
  • EUR

When compared to other forex brokers, Eightcap is well-known as a trusted provider of forex trading.

In terms of unique sides and/or features, Eightcap stands out by offering advanced analytical tools, a variety of educational material, advanced technologies, and competitive trading conditions.

  • VT Markets

VT Markets is a forex trading broker and a platform that was founded in Australia and the Cayman Islands in 2016. VT Markets was founded by an unknown entity. VT Markets forms part of Vantage International Group (VIG) and the CEO for VT Markets is David Shayer, who has held the position for more than two years. VT Markets is regulated by the Cayman Islands Monetary Authority (CIMA) and the ASIC.

The market capitalization of VT Markets is not known and there are no sources providing the typical daily trading volume for VT Markets. 

In terms of VT Markets users, there are more than 70 000 registered forex traders according to the official VT Markets website. According to official sources, VT Markets has between 10 and 100 employees.

Where deposit rates and fees are concerned, VT Markets charges 200 USD. In terms of forex trading fees and commissions, VT Markets has spreads that start from 0.0 pips and commissions from 0.6 pips.

About trade execution speed, VT Markets guarantees fast execution speeds and client fund security by using segregated accounts.

In terms of financial markets, VT Markets offers a range of tradable financial instruments spread across:

  • Forex
  • Commodities
  • Indices
  • Shares
  • CFDs

In terms of trading software, VT Markets supports the following:

  1. MetaTrader 4
  2. MetaTrader 5

In terms of research and training, VT Markets has a newsletter and blog for forex traders. VT Markets does not offer its own trading tools, only those included in the MetaTrader suite.

In terms of support, VT Markets can be contacted xxx through these communication channels:

  • Email
  • Telephone
  • Live chat
  • Twitter
  • Facebook

In terms of the service area, VT Markets serves traders from around the world except those from these countries/jurisdictions:

  • North Korea
  • United States

In terms of currency types, VT Markets accepts the following currencies:

  • USD
  • GBP
  • EUR, and several others.

When compared to other forex brokers, VT Markets offers competitive trading fees and superior conditions.

In terms of unique sides and/or features, VT Markets stands out by offering:

  • Sophisticated and trusted trading software
  • Dedicated customer support
  • Support from a reputable parent company such as Vantage FX
  • Tickmill

Tickmill is a forex trading broker and a platform that was founded in the United Kingdom in 2014. Tickmill was founded by Ingmar Mattus, Illimar Mattus, and Nikolai Nikolajenko and the CEOs for Tickmill are Sudhanshu Agarwal (Seychelles), Duncan Anderson (UK), and Valerijus Ovsianikas (Cyprus), who have each held their positions for more than 6 years. 

Tickmill is regulated by FSA, FCA, CySEC, Labuan FSA, FSCA with registrations by FCA, BaFin, CONSOB, ACPR, and CNMV. The market capitalization of Tickmill is not known and there is no official source that shows the daily average trading volume.

In terms of Tickmill users, there are more than 350 000 registered forex traders. According to official sources, Tickmill has between 50 and 100 employees.

Where deposit rates and fees are concerned, Tickmill charges 100 USD. In terms of forex trading fees and commissions, Tickmill has spreads that start from 0.1 pips and commissions from 2 USD.

About trade execution speed, Tickmill executes trades in 0.15 seconds according to official sources. In terms of security, Tickmill uses strict security protocols and client fund segregation.

In terms of financial markets, Tickmill offers more than 80 tradable financial instruments spread across:

  • Forex
  • Stock Indices
  • Energies
  • Metals
  • Bonds

In terms of trading software, Tickmill supports the following:

  1. WebTrader
  2. MetaTrader 4

In terms of research and training, Tickmill has a newsletter and blog for forex traders. Forex traders can use the following forex training and research tools:

  1. Economic Calendar
  2. Trading Calculators
  3. Tickmill VPS
  4. One-Click Trading
  5. AutoChartist
  6. MyFXBook AutoTrade

In terms of support, Tickmill can be contacted xxx through these communication channels:

  • Email
  • Telephone
  • Live chat
  • Facebook
  • Twitter
  • LinkedIn
  • Instagram

In terms of the service area, Tickmill serves traders from around the world except those from these countries/jurisdictions:

  • United States
  • Sudan
  • North Korea
  • Cuba
  • Iraq
  • Myanmar

In terms of currency types, Tickmill accepts the following currencies:

  • USD
  • GBP
  • EUR
  • PLN

When compared to other forex brokers, Tickmill is a trusted and multi-regulated forex trading broker and trading platform that offers solutions to retail and professional traders.

In terms of unique sides and/or features, Tickmill stands out by offering:

  • Advanced and useful forex trading tools
  • Range of markets
  • Commitment towards client fund security
  • FxPro

FxPro is a forex trading broker and a platform that was founded in the United Kingdom in 2006. FxPro was founded by an unknown entity and the CEO for FxPro is Charalambos Psimolophitis, who has held the position for an undisclosed number of years. FxPro is regulated by FCA, CySEC, FSCA, and SCB.

The market capitalization of FxPro is not given by official sources but the average daily trading volume for FxPro is 6.5 billion USD. 

In terms of FxPro users, there are more than 1.8 million registered forex traders from more than 173 countries around the world according to the official FxPro website. According to official sources, FxPro has between 100 and 250 employees.

Where deposit rates and fees are concerned, FxPro charges a minimum deposit of 100 USD. In terms of forex trading fees and commissions, FxPro has spreads that start from 0.37 pips and commissions from 45 USD per 1 million USD.

About trade execution speed, FxPro executes trades in 14 milliseconds according to official sources with over 7 000 orders executed each second. In terms of security, FxPro is a trusted and safe broker that guarantees client fund security and data protection.

In terms of financial markets, FxPro offers more than 260 tradable financial instruments spread across:

  • Forex
  • Shares
  • Indices
  • Energies
  • Futures
  • Metals

In terms of trading software, FxPro supports the following:

  1. FxPro Trading Platform
  2. MetaTrader 4
  3. MetaTrader 5
  4. cTrader

In terms of research and training, FxPro has a newsletter and blog for forex traders. Forex traders can use the following forex training and research tools:

  1. Webinars and Events
  2. Economic Calendar
  3. Calculators
  4. Fundamental and Technical Analysis
  5. Trading Tests
  6. Video Tutorials

In terms of support, FxPro can be contacted through these communication channels:

  • Email
  • Telephone
  • Live chat
  • Facebook
  • Instagram
  • LinkedIn
  • Twitter
  • Telegram

In terms of the service area, FxPro serves traders from around the world except those from these countries/jurisdictions:

  • United States
  • Canada
  • Iraq, and several other regions.

In terms of currency types, FxPro accepts the following currencies:

  • USD
  • EUR
  • GBP
  • CHF
  • PLN
  • AUD
  • JPY
  • ZAR

When compared to other forex brokers, FxPro offers unique and innovative solutions for all traders.

In terms of unique sides and/or features, FxPro stands out by offering:

  • Fast and reliable trade execution
  • Deep liquidity from top providers
  • OctaFX

OctaFX is a forex trading broker and a platform that was founded in Saint Vincent and the Grenadines in 2011. OctaFX was founded by an unknown group/individual and the CEO for OctaFX is Georgios D. Panties, who has held the position for more than 3 years. OctaFX is regulated by FSA SVG and CySEC.

The market capitalization of OctaFX is not given by official sources and the typical trading volume is not given on the official OctaFX website. 

In terms of OctaFX users, there are more than 6.6 million registered forex traders from over 100 countries around the world according to the official OctaFX website. According to official sources, OctaFX has between 250 to 500 employees.

Where deposit rates and fees are concerned, OctaFX charges a deposit of 100 USD. In terms of forex trading fees and commissions, OctaFX has spreads that start from 0.0 pips EUR/USD and commissions from 0.02 USD.

About trade execution speed, OctaFX executes 97.5% of all trades quickly with minimal slippage according to official sources. In terms of security, OctaFX implements strict security protocols to ensure that clients are kept safe on the forex platform.

In terms of financial markets, OctaFX offers a variety of tradable financial instruments spread across:

  • Forex
  • Metals
  • Energies
  • Indices
  • Cryptocurrencies

In terms of trading software, OctaFX supports the following:

  1. OctaFX trading application
  2. MetaTrader 4
  3. MetaTrader 5
  4. cTrader

In terms of research and training, OctaFX has a newsletter and blog for forex traders. Forex traders can use the following forex training and research tools:

  1. Live Quotes
  2. AutoChartist
  3. Market Information
  4. Economic Calendar
  5. Market Insights
  6. Forex basics
  7. Video Tutorials
  8. Webinars
  9. Trading Calculator

In terms of support, OctaFX can be contacted 24/5 through these communication channels:

  • Email
  • Telephone
  • Live chat
  • Facebook
  • Twitter
  • Instagram
  • Telegram
  • LinkedIn

In terms of the service area, OctaFX serves traders from around the world except those from these countries/jurisdictions:

  • United States of America

In terms of currency types, OctaFX accepts the following currencies:

  • USD
  • EUR

When compared to other forex brokers, OctaFX offers award-winning brokerage services and competitive trading conditions.

In terms of unique sides and/or features, OctaFX stands out by offering:

  • OctaFX Copy Trading
  • A variety of promotions, contests, and bonuses.
  • Reliable trading services
  • Dedicated support
  • Plus500

Plus500 is a forex trading broker and a platform that was founded in the UK in 2008. Plus500 was founded by Alon Gonen, Gal Haber, Omer Elazari, Shimon Sofer, Elad Ben-Izhak, and Shlomi Weizmann, and the CEO for Plus500 is xxx, Asaf Elimelech who has held the position since 2020. Plus500 is regulated by FCA, ASIC, CySEC, MAS, FMA, and FSCA.

Plus500 trades on the London Stock Exchange under the ticker PLUS. Plus500 has a market capitalization of more than 2.26 billion USD with a daily trading volume of over 4.4 billion USD, as per official and trusted sources.

In terms of Plus500 users, there are more than 304 000 registered forex traders from more than 50 countries according to the official Plus500 website. According to official sources, Plus500 has between 1 000 and 5 000 employees.

Where deposit rates and fees are concerned, Plus500 charges a deposit rate of 100 USD. In terms of forex trading fees and commissions, Plus500 has spreads that start from 0.6 pips and commission-free trading.

About trade execution speed, Plus500 guarantees fast execution within milliseconds according to official sources. In terms of security, Plus500 follows stringent protocols to ensure client safety and security.

In terms of financial markets, Plus500 offers more than 2 000 tradable financial instruments spread across:

  • Indices
  • Shares
  • Options
  • ETFs
  • Forex
  • Commodities
  • Cryptocurrency

In terms of trading software, Plus500 uses its own proprietary trading software on the following:

  1. Desktop (Windows 10)
  2. Mobile (Android and iOS)
  3. Web-trading (all web browsers)

In terms of research and training, Plus500 has a newsletter and blog for forex traders. Forex traders can use the following forex training and research tools:

  1. Economic Calendar
  2. Risk Management
  3. Trading Alerts
  4. Traders’ Guide
  5. News and Market Insights

In terms of support, Plus500 can be contacted 24/7 through these communication channels:

  • Email
  • Live chat
  • Facebook
  • Twitter
  • Instagram

In terms of the service area, Plus500 serves traders from more than 50 countries around the world. Some restrictions may apply in jurisdictions with strict laws against forex trading.

In terms of currency types, Plus500 accepts the following currencies:

  • USD
  • EUR
  • GBP

When compared to other forex brokers, Plus500 offers powerful and innovative trading technology, a sophisticated trading platform, and competitive fees.

  • City Index

City Index is a forex trading broker and a platform that was founded in the United Kingdom in 1983. Chris Hale and Jonathan Sparke founded City Index. City Index forms part of GAIN Capital, whose CEO is Glenn Stevens and who has held the position since August 2020.

City Index is regulated by ASIC, FCA, and MAS. There is no official source that provides the market capitalization or daily trading volume for City Index.

In terms of City Index users, there are more than 150 000 registered forex traders according to the official City Index website. According to official sources, City Index has between 500 and 1 000 employees.

Where deposit rates and fees are concerned, City Index charges 100 GBP. In terms of forex trading fees and commissions, City Index has spreads that start from 0.5 pips EUR/USD and commissions from 0.08%, which is a minimum of 10 GBP.

About trade execution speed, City Index guarantees fast and reliable speeds according to official sources. In terms of security, City Index is well-known for providing a safe and secure trading environment.

In terms of financial markets, City Index offers more than 12 000 tradable financial instruments spread across:

  • Forex
  • Cryptocurrencies
  • Oil & Commodities
  • Metals
  • Bonds
  • Interest Rates
  • Options
  • Indices
  • Shares

In terms of trading software, City Index supports the following:

  1. City Index Web Trader
  2. City Index Mobile Trading Apps
  3. AT Pro Trading Platform
  4. MetaTrader 4

In terms of research and training, City Index has a newsletter and blog for forex traders. Forex traders can use the following forex training and research tools:

  1. Expert Market Analysis
  2. Trading Academy
  3. Educational videos and articles
  4. Webinars
  5. Tutorials
  6. Practical examples of trading topics
  7. Research Portal
  8. Trading Strategies
  9. Economic Calendar

In terms of support, City Index can be contacted 24/5 through these communication channels:

  • Email
  • Telephone
  • Live chat
  • Facebook
  • Twitter
  • LinkedIn

In terms of the service area, City Index serves traders from around the world except those from these countries/jurisdictions:

  • USA
  • Canada
  • Afghanistan
  • Angola
  • Belarus
  • Belgium
  • Burundi, and several other jurisdictions.

In terms of currency types, City Index accepts the following currencies:

  • USD
  • GBP
  • EUR
  • CHF
  • JPY
  • NZD

When compared to other forex brokers, City Index has provided excellent trading and financial services for more than 35 years. City Index is widely known as a safe, trusted forex broker that offers a large range of markets and advanced trading technology.

  • HYCM

HYCM is a forex trading broker and a platform that was founded in the UK in 1977. HYCM was founded by an unknown entity/group and the CEO for HYCM is Stavros Lambouris, who has held the position for 7 years. HYCM is regulated by FCA, CySEC, CIMA, and the DFSA.

The market capitalization and daily trading volume for HYCM are not known but HYCM is known as a large, trusted forex broker.

In terms of HYCM users, there is an undisclosed number of registered forex traders from over 170 countries around the world according to the official HYCM website. According to official sources, HYCM has between 250 and 500 employees.

Where deposit rates and fees are concerned, HYCM charges a minimum fee of 100 USD. In terms of forex trading fees and commissions, HYCM has spreads that start from 0.2 pips and commissions that start from 4 USD.

About trade execution speed, HYCM executes trades in less than 12 milliseconds according to official sources. In terms of security, HYCM has strict regulations and ensures client fund security by segregating client deposits from operational funds.

In terms of financial markets, HYCM offers more than 300 tradable financial instruments spread across:

  • Forex
  • Stocks
  • Indices
  • Cryptocurrencies
  • Commodities
  • ETFs

In terms of trading software, HYCM supports the use of MetaTrader 4 and/or MetaTrader 5.

In terms of research and training, HYCM has a newsletter and blog for forex traders. Forex traders can use the following forex training and research tools:

  1. Trading Calculators
  2. Economic Calendar
  3. Market Outlook
  4. Trading Central
  5. Trading Guides
  6. Webinars and Seminars

In terms of support, HYCM can be contacted xxx through these communication channels:

  • Email
  • Telephone
  • Live chat facebook
  • Twitter
  • LinkedIn
  • Instagram

In terms of the service area, HYCM serves traders from around the world except those from these countries/jurisdictions:

  • Japan
  • United States of America
  • Afghanistan
  • Belgium
  • Hong Kong

In terms of currency types, HYCM accepts the following currencies:

  • USD
  • AED
  • RUB
  • CAD
  • EUR
  • GBP

When compared to other forex brokers, HYCM is a forex broker that has a long history of offering some of the best trading solutions to forex traders worldwide. 

In terms of unique sides and/or features, HYCM stands out by offering:

  • A trusted and safe trading environment
  • Negative balance protection is automatically applied
  • Innovative trading technology
  • Competitive trading costs and fees
  • IC Markets

IC Markets is a forex trading broker and a platform that was founded in Sydney, Australia in 2007. IC Markets was founded by Andrew Budzinski who is also the CEO of IC Markets. IC Markets is regulated by SCB, CySEC, and ASIC.

The market capitalization of IC Markets is not known but there is a typical daily trading volume of 18.9 billion USD. 

In terms of IC Markets users, is an undisclosed number of registered forex traders from countries around the world according to the official IC Markets website? According to official sources, IC Markets has 260 employees.

Where deposit rates and fees are concerned, IC Markets charges a minimum fee of 200 USD. In terms of forex trading fees and commissions, IC Markets has spreads that start from 0.0 pips and commissions that start from 3 USD.

About trade execution speed, IC Markets is known for its fast and reliable execution speeds. Where security is concerned, IC Markets is well-regulated and uses strict security protocols. 

In terms of financial markets, IC Markets offers more than 285 tradable financial instruments spread across:

  • Stocks
  • Shares
  • Indices
  • Metals
  • Energies
  • Forex
  • Commodities
  • Cryptocurrency
  • Bonds
  • CFDs

In terms of trading software, IC Markets supports the following:

  1. cTrader
  2. MetaTrader 4
  3. MetaTrader 5

In terms of research and training, IC Markets has a newsletter and blog for forex traders. Forex traders can use the following forex training and research tools:

  1. IC Markets Market Analysis
  2. Forex Calculators
  3. Economic Calendar
  4. Trading Lessons (10 Lessons)
  5. Forex Glossary
  6. Trading Knowledge
  7. Video Tutorials
  8. WebTV
  9. Webinar

In terms of support, IC Markets can be contacted 24/7 through these communication channels:

  • Email
  • Telephone
  • Live chat
  • Facebook
  • Twitter
  • Instagram
  • Google+

In terms of the service area, IC Markets serves traders from around the world except those from these countries/jurisdictions:

  • United States
  • Canada
  • Iran
  • Yemen, and several other regions.

In terms of currency types, IC Markets accepts the following currencies:

  • USD
  • JPY
  • EUR
  • GBP
  • CAD, and several more.

When compared to other forex brokers, IC Markets offers unique and tailormade solutions to both beginner and professional forex traders.

In terms of unique sides and/or features, IC Markets stands out by offering:

  • Trading services and solutions that are reliable
  • Transparency and fairness
  • Strong corporate governance and regulatory compliance
  • CMC Markets

CMC Markets is a forex trading broker and a platform that was founded in 1989 in the UK by Peter Cruddas. The CEO for CMC Markets is Lord Cruddas, who has held the position since June 2004. CMC Markets is regulated by FCA, ASIC, MAS, FMA, and IIROC in offering trading and financial solutions and services.

According to official stock information, CMC Markets (CMCX.L) has a market cap of 1.422 million GBP.

In terms of CMC Markets users, there is an unknown number of registered forex traders according to the official CMC Markets website. According to official sources, CMC Markets has 700 employees.

Where deposit rates and fees are concerned, CMC Markets does not have a set deposit rate or fee. In terms of forex trading fees and commissions, CMC Markets has spreads that start from 0.3 pips EUR/USD with commissions from 0.10%.

About trade execution speed, CMC Markets executes trades in a few seconds with minimal slippage. CMC Markets is a safe broker that is regulated and overseen by reputable entities such as the ASIC, FCA, MAS, FMA, and IIROC.

In terms of financial markets, CMC Markets offers more than 10 000 tradable financial instruments spread across:

  • Shares
  • Treasuries
  • Share baskets
  • Forex
  • Indices
  • Cryptocurrencies
  • Commodities

In terms of trading software, CMC Markets supports the following:

  1. MetaTrader 4
  2. Next Generation trading platform
  3. CMC Markets CFD Trading app (iOS and Android)

In terms of research and training, CMC Markets has a newsletter and blog for forex traders. Forex traders can use the following forex training and research tools:

  1. Trading Guides
  2. Pattern Recognition and Price Projection
  3. Module Linking
  4. Chart Forum Community
  5. Client Sentiment
  6. Trading Webinars
  7. Market Calendar
  8. CMC Markets TV
  9. CMC Market Insights
  10. Trading Videos

In terms of support, CMC Markets can be contacted 24/5 through these communication channels:

  • Email
  • Telephone
  • Live chat
  • Twitter
  • Facebook
  • LinkedIn

In terms of the service area, CMC Markets serves traders from around the world except those from these countries/jurisdictions:

  • United States
  • Belgium, and other regions.

In terms of currency types, CMC Markets accepts the following currencies:

  • USD
  • EUR
  • GBP
  • CHF
  • NOK
  • SEK

When compared to other forex brokers, CMC Markets is a well-established and award-winning brokerage that offers traders competitive trading conditions.

In terms of unique sides and/or features, CMC Markets stands out by being listed on the London Stock Exchange under the ticker CMCX. CMC Markets is also known for its dynamic charting, variety of trading opportunities, and fast trade execution.

  • Blackbull Markets

Blackbull Markets is a forex trading broker and a platform that was founded in New Zealand in 2014. Blackbull Markets was founded by an unknown group/entity and the CEO for Blackbull Markets is not known by trusted sources. Blackbull Markets is regulated by FSPR and FMA.

The market cap and average trading volume for Blackbull Markets is not disclosed by official sources but the forex broker is known as a trusted provider of trading solutions.

In terms of Blackbull Markets users, there is an undisclosed number of forex traders. According to official sources, Blackbull Markets has between 10 and 50 staff members.

Where deposit rates and fees are concerned, Blackbull Markets charges a flat rate from 200 USD. In terms of forex trading fees and commissions, Blackbull Markets has spreads that start from 0.1 pips EUR/USD and commissions from 6 USD per trade.

About trade execution speed, Blackbull Markets guarantees fast and reliable execution speeds by using three Equinix servers in London, Tokyo, and New York. Where security is concerned, Blackbull Markets conforms with strict protocols and requirements as per regulatory entities. 

In terms of financial markets, Blackbull Markets offers a range of tradable financial instruments spread across:

  • CFDs
  • Commodities
  • Indices
  • Metals
  • Forex
  • Energies

In terms of trading software, Blackbull Markets supports the following:

  1. MetaTrader 4
  2. MetaTrader 5
  3. FIX API

In terms of research and training, Blackbull Markets has a newsletter but no blog for forex traders. Forex traders can use the following forex training and research tools:

  1. Trading Glossary
  2. Technical Indicators
  3. Market reviews
  4. Economic Calendar
  5. Trading Videos
  6. Trading Guides

In terms of support, Blackbull Markets can be contacted 24/6 through these communication channels:

  • Email
  • Telephone
  • Live chat
  • LinkedIn
  • Twitter
  • Facebook

In terms of the service area, Blackbull Markets serves traders from around the world except those from UN-sanctioned nations including North Korea in addition to the US, Russia, and Spain.

In terms of currency types, Blackbull Markets accepts the following currencies:

  • USD
  • AUD
  • EUR
  • GBP, and several others.

When compared to other forex brokers, Blackbull Markets offers exceptional trading services, fast and reliable trade execution, and some of the best trading conditions.

In terms of unique sides and/or features, Blackbull Markets stands out by offering:

  • High liquidity
  • Several strong partnerships
  • A variety of social trading opportunities
  • Interactive Brokers

Interactive Brokers is a forex trading broker and a platform that was founded in the United States in 1978. Interactive Brokers was founded by Thomas Peterfly and the CEO for Interactive Brokers is Milan Galik, who has held the position for the past 3 years. Interactive Brokers is regulated by CFTC, IIROC, FCA, CSSF, CBI, MNB, ASIC, SEHK, KLB, and MAS.

Interactive Brokers is listed on NASDAQ under IBKR and has a market cap of 28.03 billion USD, as per official stock information.

In terms of Interactive Brokers users, there are more than 600 000 registered forex traders with over 128.4 billion USD in equity, as per the official Interactive Brokers website. According to official sources, Interactive Brokers has more than 1 600 employees.

Where deposit rates and fees are concerned, Interactive Brokers does not have a set deposit rate or fee. In terms of forex trading fees and commissions, Interactive Brokers has spreads that start from 0.0 pips and commissions can be fixed or tiered. 

About trade execution speed, Interactive Brokers guarantees that trade execution is fast with low latency. In terms of security, Interactive Brokers is a trusted forex broker with multi-regulation, stringent protocols, and requirements.

In terms of financial markets, Interactive Brokers offers a large variety of tradable financial instruments spread across:

  • Forex
  • Metals
  • Bonds
  • ETFs
  • Mutual Funds
  • Hedge Funds
  • Robo Portfolios
  • Stocks
  • Options
  • Futures

In terms of trading software, Interactive Brokers supports the following:

  1. Interactive Brokers’ Client Portal
  2. Desktop TWS
  3. IBKR Mobile
  4. IBot
  5. IBKR WebTrader (Only for IBKR Pro Accounts)
  6. IBKR APIs (Only for IBKR Pro Accounts)

In terms of research and training, Interactive Brokers has a newsletter and blog for forex traders. Forex traders can use the following forex training and research tools:

  1. Knowledge Base
  2. Traders’ Academy
  3. More than 150 videos
  4. Courses and tours
  5. Investors’ marketplace
  6. Apps, tools, and widgets

In terms of support, Interactive Brokers can be contacted 24/5 through these communication channels:

  • Email
  • Telephone
  • Live chat
  • IBot FAQs
  • Facebook
  • Twitter
  • LinkedIn

In terms of the service area, Interactive Brokers serves traders from around the world except those from these countries/jurisdictions:

  • Afghanistan
  • Burundi
  • Iran
  • Iraq
  • Somalia
  • Sudan, and several other regions.

In terms of currency types, Interactive Brokers accepts the following currencies:

  • USD
  • GBP
  • EUR
  • JPY, and more.

When compared to other forex brokers, Interactive Brokers is a large and prominent forex broker that offers some of the best trading conditions. 

In terms of unique sides and/or features, Interactive Brokers stands out by offering:

  • Powerful IBKR trading software
  • Trusted forex broker listed on a stock exchange
  • Variety of investment opportunities
  • Several industry awards won over the past few years
  • Fusion Markets

Fusion Markets is a forex trading broker and a platform that was founded in 2017 in Australia. Fusion Markets was founded by Phil Horner who has also been the CEO since Fusion Markets was founded. Fusion Markets is regulated and authorized by ASIC and VFSC.

While the market cap and daily trading volume for Fusion Markets is not known, the forex broker is regarded as a safe and trusted provider of currency and derivatives trading. 

In terms of Fusion Markets users, there is an undisclosed number of registered forex traders who deal with Fusion Markets. According to official sources, Fusion Markets has between 10 and 50 staff members.

Where deposit rates and fees are concerned, Fusion Markets does not charge a set deposit rate. In terms of forex trading fees and commissions, Fusion Markets has spreads that start from 0.0 pips EUR/USD with commissions from 2.25 USD.

About trade execution speed, Fusion Markets guarantees fast and reliable trade execution within milliseconds. In terms of security, Fusion Markets is well-regulated and provides a safe and secure trading environment. 

In terms of financial markets, Fusion Markets offers a wide range of tradable financial instruments spread across:

  • Forex
  • Energies
  • Precious Metals
  • Equity Indices
  • Commodities
  • Share CFDs

In terms of trading software, Fusion Markets supports the following:

  1. MetaTrader 4
  2. MetaTrader 5
  3. MAMM
  4. VPS
  5. Myfxbook AutoTrade
  6. DupliTrade

In terms of research and training, Fusion Markets has a newsletter and blog for forex traders. Forex traders can use the following forex training and research tools:

  1. Analyst views
  2. Technical Insight
  3. Market Buzz
  4. Trading Calculators
  5. Economic Calendar

In terms of support, Fusion Markets can be contacted 24/5 through these communication channels:

  • Email
  • Telephone
  • Live chat
  • Twitter
  • Facebook
  • LinkedIn

In terms of the service area, Fusion Markets serves traders from around the world except those from these countries/jurisdictions:

  • North Korea
  • Burma
  • The Democratic Republic of the Congo
  • New Zealand
  • United States
  • Syria, and several other regions.

In terms of currency types, Fusion Markets accepts the following currencies:

  • USD
  • EUR
  • AUD
  • JPY
  • GBP
  • SGD

When compared to other forex brokers, Fusion Markets offers powerful trading technology paired with competitive trading conditions.

In terms of unique sides and/or features, Fusion Markets stands out by offering:

  • Innovative trading tools
  • A safe and reliable trading environment
  • A variety of trading accounts
  • Axi

Axi is a forex trading broker and a platform that was founded in 2007 in the UK and Australia. Axi was founded by Quinn Perrott and Goran Drapac, and the CEO for Axi is Rajesh Yohannan, who has held the position for more than 5 years. Axi is regulated by ASIC, FCA, and SVG FSA.

The market cap for Axi is not known but according to official sources, Axi has a yearly trading volume of more than 2.5 trillion USD.

In terms of Axi users, there are more than 60 000 registered forex traders from over 100 countries around the world according to the official Axi website. According to official sources, Axi has between 250 and 500 employees.

Where deposit rates and fees are concerned, Axi does not charge a set deposit fee. In terms of forex trading fees and commissions, Axi has spreads that start from 0.0 pips EUR/USD and commissions from 7 USD.

About trade execution speed, Axi executes trades within a few milliseconds. With regards to security, Axi is known as a trusted and secure forex broker that follows strict protocols. 

In terms of financial markets, Axi offers a range of tradable financial instruments spread across:

  • Forex
  • Commodities
  • Cryptocurrency
  • Stocks
  • Shares
  • Indices
  • Metals
  • Energies
  • Bonds
  • CFDs
  • ETFs

In terms of trading software, Axi supports the following:

  1. Metatrader 4
  2. MetaTrader 4 NextGen

In terms of research and training, Axi has a newsletter and blog for forex traders. Forex traders can use the following forex training and research tools:

  1. Beginner’s Guides
  2. Trading Basics
  3. Seminars and Webinars
  4. Markets Blog
  5. Axi Academy

In terms of support, Axi can be contacted 24/5 through these communication channels:

  • Email
  • Telephone
  • Live chat
  • WhatsApp
  • Facebook
  • LinkedIn
  • Twitter

In terms of the service area, Axi serves traders from around the world except those from these countries/jurisdictions:

  • United States
  • Iran
  • Canada

In terms of currency types, Axi accepts the following currencies:

  • USD
  • EUR
  • GBP
  • CHF
  • AUD, and several more.

 

When compared to other forex brokers, Axi is well-known as a popular and award-winning broker that offers innovative technology and reasonable trading fees and rates.

In terms of unique sides and/or features, Axi stands out by offering:

  • Funding for talented traders
  • Some of the best pricing
  • Fast execution
  • Supportive Axi community
  • IronFX

IronFX is a forex trading broker and a platform that was founded in Cyprus in 2010. IronFX was founded by an unknown group of professionals and the CEO for IronFX is Markos Kashiouris, who has held the position for more than 11 years. IronFX is regulated by the ASIC, FCA, and CySEC.

The market capitalization of IronFX is not disclosed but the average daily transaction volume for IronFX is 4.1 billion USD. 

In terms of IronFX users, there is an unknown number of registered forex traders from 180 countries around the world according to the official IronFX website. According to official sources, IronFX has between 500 and 1 000 employees.

Where deposit rates and fees are concerned, IronFX charges a minimum deposit of 100 USD. In terms of forex trading fees and commissions, IronFX has spreads that start from 0.5 pips EUR/USD and commissions from 18 USD.

About trade execution speed, IronFX executes 99% and up to 100% of all trades in milliseconds. Where security is concerned, IronFX ensures client fund security by keeping funds in segregated accounts.

In terms of financial markets, IronFX offers more than xxx tradable financial instruments spread across:

  • Cryptocurrencies
  • Commodities
  • Indices
  • Metals
  • Energies
  • CFDs
  • Forex
  • Shares
  • Stocks

In terms of trading software, IronFX supports the use of MetaTrader 4 and IronFX PAMM.

In terms of research and training, IronFX has a newsletter and blog for forex traders. Forex traders can use the following forex training and research tools:

  1. Market Insights
  2. Economic Calendar
  3. Trading Academy
  4. Seminars and webinars
  5. IronFX Research App
  6. IronFX Traders Dashboard
  7. IronFX Trading Widgets
  8. IronFX VPS

In terms of support, IronFX can be contacted 24/5 through these communication channels:

  • Email
  • Telephone
  • Live chat
  • Facebook
  • Instagram
  • LinkedIn
  • Twitter

In terms of the service area, IronFX serves traders from around the world except those from these countries/jurisdictions:

  • United States
  • Iran
  • Cuba
  • North Korea
  • Syria
  • Sudan, and several other regions.

In terms of currency types, IronFX accepts the following currencies:

  • USD
  • EUR
  • GBP
  • AUD
  • PLN
  • JPY
  • CHF
  • RUB
  • HUF
  • CZK

When compared to other forex brokers, IronFX is a well-established forex broker that offers advanced trading tools, a range of markets, and reasonable trading conditions. 

In terms of unique sides and/or features, IronFX stands out by offering:

  • IronFX School for beginners and veteran traders
  • Variety of forex strategies
  • Partner programs
  • FP Markets

FP Markets is a forex trading broker and a platform that was founded in Australia in 2005 by Matthew Murphie. The CEO for FP Markets is Nick Twidale who has been in the position for the past 6 months.

The market capitalization of FP Markets is not known and there is no source that provides the daily trading volume, but FP Markets is a popular and trusted forex broker. 

In terms of FP Markets users, there is an undisclosed number of registered forex traders. According to official sources, FP Markets has between 50 to 100 employees.

Where deposit rates and fees are concerned, FP Markets charges a deposit rate of 100 AUD. In terms of forex trading fees and commissions, FP Markets charges a spread from 0.0 pips and commissions from 3 USD per 100 000 traded.

About trade execution speed, FP Markets executes trades swiftly as a result of the Equinix New York facility server cluster. FP Markets guarantees security through regulation and strict protocols. 

In terms of financial markets, FP Markets offers more than 10 000 tradable financial instruments spread across:

  • Forex
  • Commodities
  • Indices
  • Cryptocurrency
  • Metals
  • Energies
  • Equities
  • CFDs

In terms of trading software, FP Markets supports the following:

  1. MetaTrader 4
  2. MetaTrader 5
  3. IRESS Trading Platform

In terms of research and training, FP Markets has a newsletter and blog for forex traders. Forex traders can use the following forex training and research tools:

  1. Copy Trading
  2. AutoChartist
  3. Trader Toolbox
  4. Forex VPS
  5. MAM/PAMM
  6. Traders Hub

In terms of support, FP Markets can be contacted 24/7 through these communication channels:

  • Email
  • Telephone
  • Live chat
  • Facebook
  • Twitter
  • Instagram
  • LinkedIn

In terms of the service area, FP Markets serves traders from around the world except those from these countries/jurisdictions:

  • US
  • Japan
  • New Zealand

In terms of currency types, FP Markets accepts the following currencies:

  • USD
  • EUR
  • GBP
  • AUD, and several others.

When compared to other forex brokers, FP Markets is a trusted and popular forex trading broker that has won several awards since its inception.

In terms of unique sides and/or features, FP Markets stands out by offering a range of markets, deep liquidity, reliable execution, and transparency.

  • GO Markets

GO Markets is a forex trading broker and a platform that was founded in Australia in 2006. GO Markets was founded by an unknown entity/group and the CEO for GO Markets is Sherif Sanad, who has held the position for more than two years. GO Markets is regulated by the Australian Securities and Investment Commission (ASIC).

The market capitalization of GO Markets is not known but the broker is popular as a trusted, reputable provider of trading solutions and services. 

In terms of GO Markets users, there are more than 80 000 registered forex traders from around the world. According to official sources, GO Markets has more than 100 employees.

Where deposit rates and fees are concerned, GO Markets charges 200 AUD. In terms of forex trading fees and commissions, GO Markets has spreads that start from 0.0 pips EUR/USD with commissions from 3 AUD.

About trade execution speed, GO Markets guarantees fast trade execution because of a strategic partnership with Equinix. In terms of security, GO Markets has strict regulations and ensures client fund segregation from operational funds. 

In terms of financial markets, GO Markets offers more than 250 tradable financial instruments spread across:

  • Forex
  • Shares
  • CFDs
  • Indices
  • Commodities

In terms of trading software, GO Markets supports the following:

  1. MetaTrader 4
  2. MetaTrader 5

In terms of research and training, GO Markets has a newsletter and blog for forex traders. Forex traders can use the following forex training and research tools:

  1. VPS
  2. Trading eBooks
  3. Video Tutorials
  4. Educational Courses and Webinars
  5. Economic Calendar
  6. MyFXBook AutoTrade
  7. AutoChartist
  8. MetaTrader Genesis
  9. Trading Central

In terms of support, GO Markets can be contacted through these communication channels:

  • Email
  • Telephone
  • Live chat
  • Facebook
  • Twitter
  • LinkedIn
  • Instagram

In terms of the service area, GO Markets serves traders from around the world except those from these countries/jurisdictions:

  • United States
  • Canada
  • New Zealand
  • Egypt
  • Ethiopia
  • Japan
  • Israel
  • Vietnam, and several other regions.

In terms of currency types, GO Markets accepts the following currencies:

  • USD
  • GBP
  • NZD
  • CAD
  • SGD
  • CHF
  • HKD
  • AUD

When compared to other forex brokers, GO Markets is well-known for offering competitive trading conditions tailored to both beginners and professional forex traders. 

In terms of unique sides and/or features, GO Markets stands out by promising low-latency trade execution, stability, transparent rates and fees, and consistent innovation.

  • TMGM

TMGM is a forex trading broker and a platform that was founded in 2013 in Australia. TMGM was founded by unknown individuals and there is no official information on the CEO of TMGM. TMGM is regulated by ASIC and VFSC in providing trading and financial services.

The market capitalization of TMGM is not known but according to the official TMGM website, the trading volume to date is more than 100 000 billion USD. 

In terms of TMGM users, there is an undisclosed number of registered forex traders from more than 150 countries around the world according to the official TMGM website. According to official sources, TMGM has more than 200 employees.

Where deposit rates and fees are concerned, TMGM charges a set deposit of 100 USD. In terms of forex trading fees and commissions, TMGM has spreads that start from 0.0 pips with commissions that start from 7 USD per lot.

About trade execution speed, TMGM executes trades within a few milliseconds according to official sources. In terms of security, TMGM is a trusted and reliable forex broker that ensures client fund security.

In terms of financial markets, TMGM offers more than 15 000 tradable financial instruments spread across:

  • Forex
  • Indices
  • Shares
  • Precious Metals
  • Energies

In terms of trading software, TMGM supports the following:

  1. MetaTrader 4
  2. MetaTrader 5
  3. IRESS Trading Platform
  4. TMGM HubX trading platform

In terms of research and training, TMGM has a newsletter and blog for forex traders. Forex traders can use the following research tools:

  1. VPS and MAMM
  2. Dedicated Account Manager
  3. VIP Desk

In terms of support, TMGM can be contacted 24/5 through these communication channels:

  • Email
  • Telephone
  • Live chat
  • Twitter
  • Facebook
  • Instagram
  • LinkedIn

In terms of the service area, TMGM serves traders from around the world except those from these countries/jurisdictions:

  • United States

In terms of currency types, TMGM accepts the following currencies:

  • USD
  • CAD
  • NZD
  • GBP
  • EUR

When compared to other forex brokers, TMGM offers a range of trading opportunities paired with innovative trading technology.

In terms of unique sides and/or features, TMGM stands out by offering:

  • Transparent rates and fees
  • Trusted and reliable services and solutions
  • Innovative trading software such as IRESS, HubX, and MetaTrader

Australian Forex Brokers Comparison

The brokers on this list are considered the best due to their strict ASIC regulation, unique trading software, and competitive trading fees and commissions. These forex brokers are also some of the largest with active users and market cap in the industry.

To compare these Australian Forex Brokers, the following table indicates unique features and what each of these forex brokers has/does not have.

Forex Broker Accepts AU Residents Regulated by ASIC Average Spread EUR/USD Deposit Rate Active Users Foundation Date CEO
IG YES YES 0.1 pips 250 USD 239 000+ 1974 June Felix
Saxo Bank YES YES 0.6 pips 500 GBP 660 000+ 1992 Kim Fournais
eToro YES YES 3 pips 200 USD 100 000 000+ 2007 Yoni Assia
FXCM YES YES 0.2 pips 50 USD X 1999 Brendan Callan
AvaTrade YES YES 0.9 pips 100 USD 300 000+ 2006 Dáire Ferguson
VantageFX YES YES 0.0 pips 200 USD X 2009 David Shayer
Eightcap YES YES 0.0 pips 100 USD 12.7 million 2009 Joel Murphy
VT Markets YES YES 0.0 pips 200 USD 70 000+ 2016 David Shayer
Tickmill YES NO 0.1 pips 100 USD 350 000+ 2014 Sudhanshu Agarwal (Seychelles)

Duncan Anderson (UK) Valerijus Ovsianikas (Cyprus)

FxPro YES NO 0.37 pips 100 USD 1.8 million 2006 Charalambos Psimolophitis
OctaFX YES NO 0.0 pips 100 USD 6.6 million 2011 Georgios D. Pantzis
Plus500 YES YES 0.6 pips 100 USD 304 000+ 2008 Asaf Elimelech
City Index YES YES 0.5 pips 100 GBP 150 000+ 1983 Glenn Stevens (GAIN Capital)
HYCM YES NO 0.2 pips 100 USD X 1977 Stavros Lambouris
IC Markets YES YES 0.0 pips 200 USD X 2007 Andrew Budzinski
CMC Markets YES YES 0.3 pips 1 USD+ X 1989 Lord Cruddas
Blackbull Markets YES NO 0.1 pips 200 USD X 2014 X
Interactive Brokers YES YES 0.0 pips 1 USD+ 600 000+ 1987 Milan Galik
Fusion Markets YES YES 0.0 pips 1 USD+ X 2017 Phil Horner
Axi YES YES 0.0 pips 1 USD+ 60 000+ 2007 Rajesh Yohannan
IronFX YES YES 0.5 pips 100 USD X 2010 Markos Kashiouris
FP Markets YES YES 0.0 pips 100 AUD X 2005 Nick Twidale
GO Markets YES YES 0.0 pips 200 AUD 80 000+ 2006 Sherif Sanad
TMGM YES YES 0.0 pips 100 USD X 2013 X

Forex Trading in Australia

Forex trading involves the converting of one currency into another. The trading of these currencies takes place in the forex market, a global financial market where more than 5 trillion USD is traded each day.

Australia is well-known for having one of the best controlled financial sectors in the world. Australia is also known as an international hub for foreign exchange or forex. There are many local and international forex traders who use Australian-based brokers to access the forex market.

In terms of trader count, there are more than 200 000 registered forex traders in Australia according to official sources. In terms of forex brokers, according to the ASIC and ForexRecommend, there are more than 40 regulated forex brokers based in Australia.

In terms of market capitalization, forex brokers in Australia have a market cap that ranges from 1 billion USD and more, according to official sources.

In terms of regulation, the Australian Securities, and Investments Commission (ASIC) is in control of the forex trading sector. Forex trading is legal in Australia, and you must ensure that you have the necessary forex trading education and training before you trade forex in Australia.

What should you know about forex trading in Australia?

Forex trading is legal in Australia. Some of the best forex trading brokers and platforms in the world are based in Australia. The forex market in Australia is overseen by the Australian Securities and Investments Commission (ASIC).

Forex trading has been around since the Babylonian times when barter systems were implemented. With the barter system, tribes would exchange goods for other goods that they required. 

Who are the Forex Regulators in Australia?

The regulatory environment found in Australia is friendly and continues to grow with more forex brokers obtaining licensing and regulation.

The main forex regulators in Australia are as follows:

  • The Australian Securities and Investments Commission (ASIC)
  • The Australian Securities and Exchange (ASX)
  • The Australian Prudential Regulation Authority (APRA)
  • The Australian Competition and Consumer Commission (ACCC)
  • Australian Payments Network Limited (AusPayNet)

The Australian Securities and Investments Commission was initially formed as the Australian Securities Commission (ASC) in 1991 and became the Australian Securities and Investment Commission on July 1, 1998, and is headquartered in Sydney, New South Wales, in Australia. The ASIC is run by Josh Frydenberg who is the Treasurer of Australia, and James Shipton, who is the Chair.

The ASIC is responsible for administering the following legislation:

  • Banking Act of 1959
  • Life Insurance Act of 1995
  • Medical Indemnity Act of 2003
  • Retirement Savings Accounts Act of 1997
  • Superannuation Act of 1993
  • Superannuation Industry Act of 1993

Since its inception in 1991, the ASIC has grown in popularity as a reputable regulator in Australia. The predecessor of ASIC, the ASC, was tasked with the regulation and unification of the Australian corporate sector. When the ASIC replaced the ACS in 1998, its reach extended to include consumer protection in superannuation, insurance, and deposit-taking. 

In 2002, the ASIC also started regulating the credit market and since 2009, the ASIC was tasked with the regulation of the ASX followed by the Chi-X exchange in 2011.

How can you verify ASIC Authorisation?

To verify ASIC Authorisation, you can navigate to the official ASIC website and use the search bar provided to search the name of a forex broker. If the forex broker is regulated by the ASIC, the search results will show the relevant information and documentation regarding the forex broker.

How many forex traders are there in Australia?

According to ForexRecommend, the ASIC, and other trusted sources, Australia falls within the Oceania region which has more than 200.000 registered forex traders.

 

Best Forex Brokers for Beginners in Australia

The best forex brokers for beginner forex traders in Australia are:

  1. eToro
  2. IG
  3. OctaFX
  4. Plus500
  5. AvaTrade

 

These are the best forex brokers for beginners as they offer many user-friendly solutions such as demo accounts, research, and training to newcomers.

 

Best Forex Brokers for Experts in Australia

The best forex brokers for expert forex traders in Australia are:

  1. VantageFX
  2. Tickmill
  3. FxPro
  4. Blackbull Markets
  5. Interactive Brokers

 

These forex brokers offer advanced, sophisticated forex trading solutions to many expert forex traders. These forex brokers also offer powerful trading software, research, and many advanced forex trading tools.