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IG invented spread betting in 1974 and remains the benchmark for experienced UK and European traders: unmatched market breadth, an excellent proprietary platform, and regulatory credibility that few brokers can match, at the cost of slightly higher charges than specialist ECN desks.
True ECN routing with raw 0.0 pip spreads on majors plus commission, deep liquidity, and the cleanest MT4 / MT5 / cTrader stack we test.
Multi-regulated Australian ECN-style broker with fast execution, MT4 / MT5 / cTrader / TradingView and a strong active-trader rebate program.
ASIC’s 2021 rule changes brought Australian retail protections in line with FCA and ESMA standards: 30:1 leverage caps, client money segregation, and negative balance protection. Here is what Australian traders need to know.
Forex trading is regulated in Australia. The country currently has 47 brokers operating under its regulatory framework. Always verify a broker's licence with the ASIC before depositing funds.
Look for brokers regulated by the ASIC or a Tier 1 regulator such as the FCA or ASIC. Compare spreads, leverage caps, available instruments, and customer support in your language. Our list above is sorted by overall rating to help you shortlist quickly.
Regulated brokers under the ASIC are required to segregate client funds from company funds and participate in investor compensation schemes where applicable. Always check the broker's regulatory status and read the terms before depositing.
Leverage limits vary by jurisdiction. Under ASIC rules, traders in Australia are subject to local leverage restrictions, capped at 1:30 for major pairs. Check the specific broker's terms for the leverage available to residents of Australia.
Yes. Most brokers available in Australia offer iOS and Android apps compatible with platforms such as MetaTrader 4, MetaTrader 5, and cTrader. Look for brokers that list "Mobile Trading" as a key feature.
The brokers listed here are reviewed for their suitability and regulatory status for forex traders in Australia. Australian retail forex brokers are authorised and supervised by the Australian Securities and Investments Commission (ASIC), a tier 1 regulator imposing strict standards for client fund segregation and conduct. Retail accounts face a maximum leverage cap of 1:30 on major currency pairs, with mandatory negative balance protection. ASIC oversees a mix of local and international broker brands, ensuring the market remains competitive for resident traders.
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