Aussie traders can trade forex with some of the top Australian Forex brokers. They can trade forex online with Australian Forex brokers. Most Australian Forex brokers accept Australian traders.
Australian Securities and Investments Commission (ASIC) regulates all the Forex brokers in Australia. ASI is Australia’s securities and investments, regulator. Australia’s ASI is regulated and supervised under its financial services legislation. ASIC is Australia’s securities and investments, regulator. Australia’s ASI is regulated and supervised under its financial services legislation. Australia’s ASIC is regulated and supervised under its financial services legislation.
10 Best Forex Brokers in Australia 2021
There are many online forex brokers in Australia, but not all brokerages are suitable for traders. If you require assistance in selecting a reliable broker, read the reviews from the trading community. Traders Union has created a list of the top 10 reliable forex brokers in Australia which include:
- eToro
- IC Markets
- IG.com
- CMC Markets
- Plus500
- AvaTrade
- Oanda
- Interactive Brokers
- Pepperstone
- Forex.com
All these 10 forex brokers are trusted and regulated by ASIC.
3 Best Forex Brokers for Australian Investors
The following are the best platforms for investors.
- CMC Markets
CMC Markets offers three investment programs including MT4, CMC Mobile, and CMC Web.
- IG Market
IG Market offers two investment programs that are IG Proprietary and MT4.
- Forex.com
Forex.com also offers three investment programs including MT4, MT5, and FOREX.com platforms.
5 Best Online Forex Brokers for Australian Beginners
Some Australian Forex brokers are beginners friendly and some offer demo accounts so that you can learn the trade, practice what you’ve learned, and improve it. In case you’re planning to trade Forex or CFD’s, then it’s imperative for you to open a demo account first, as the practice account will allow you to test all the trading tools and indicators, and understand how they operate.
However, Traders Union has selected the top 5 beginners friendly forex brokers in Australia. If you are new in forex trading you can start with one of these brokers.
The beginner-friendly Forex brokers in Australia are:
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eToro
eToro is a forex broker that is great for both beginner traders and expert traders. This broker has an easy-to-use interface and trading platform.
You can learn the basic features and tools of the eToro platform before you deposit any of your own money. The demo account lets you practice without risking your own money.
eToro is a new forex broker. The broker was founded in 2009, and it has grown rapidly since it began. It currently has over 600,000 clients. eToro offers four different trading platforms, depending on your preferences
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Plus500
The Plus500 website is quite user-friendly, and its trading software is easy to understand. Plus500 is regulated and authorized by the FCA in the UK. It has a demo account, so you can try their platform without making a deposit. Plus500 is a beginner-friendly forex broker.
Plus500’s trading platform is extremely user-friendly and is available in both English and Chinese. Their platform allows you to trade CFDs on Commodities, Stocks, Indices, Forex, Bonds, ETFs, Cryptocurrency, and Shares.
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AvaTrade
The fact that AvaTrade offers a lot of training materials for beginners is commendable. You have to start somewhere, so having a lot of training materials is a good starting point. But it doesn’t matter how large your training materials are unless you have a good teacher to teach you how to use them.
But AvaTrade does a better job than most setting traders up for success. The demo account, for example, is generous. You get $5000 to play with, and you can use that without depositing any of your own money. You have to register with the site, but you don’t need a credit card.
4. Interactive Brokers
Interactive Brokers makes it easy to trade stocks, options, futures, futures options, and even Forex. Their website and trading platform are user-friendly, and their customer service is outstanding.
Interactive Brokers offers very competitive pricing on stocks, options, futures, and Forex. Their website comes with free real-time streaming quotes. This is an established leader among online brokerage firms.
Interactive Brokers offers a number of educational tools, including stock and options trading courses. The best part of Interactive Brokers is their customer service.
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Pepperstone
Pepperstone is Australia’s leading online forex trading platform. At Pepperstone, our mission is to empower you to trade with confidence.
Pepperstone is Australia’s leading online forex trading platform. It is built for traders of all levels, from beginners to professional traders. At Pepperstone, our mission is to empower you to trade with confidence.
